If you’ve been putting off investing in real estate or you’re on the fence, perhaps you need a confidence boost. After all, investing in real estate is one of the safest investments you can make and can give you solid returns on investments (ROIs). Here are some facts that I think will boost your confidence and hopefully get you into “investment mode.”
1. It’s easier than you think
Some people think real estate investing is complicated, but it’s easier than you might think. Of course, there are things you’ve got to learn and follow steps is necessary, but the good news is that such information is readily available. And, once you’ve invested in a couple of deals, you’re much more familiar with the steps, making it easier.
2. Real estate offers stability
If you’re investing in real estate, you are more likely to make money with the right strategies than if you were to spend in the stock market. With real estate, you’ve got something tangible that can very well appreciate in value in due time. And, there will always be renters out there needing a house to rent, offering you consistent cash flow.
3. Real estate is less complicated than stocks
When it comes to assets, real estate is easier to understand over the stock market. You may have to learn about things like financing, market value, and exit strategy for starters, but overall, learning the real estate market is less complicated than learning about the stock market.
4. As a real estate investor, you get tax breaks
Come tax time, you’ll get some tax breaks for owning an investment home, which helps when it comes to cash flow and overall income. If you’re not “tax savvy,” simply hire an accountant to do your taxes for you.
5. Tenants are buying the home
Sure, the house is yours in theory, but you’re not paying for it. The tenants are the ones that are consistently purchasing that home for you. You only provide a lovely home and take care of any necessary repairs that arise and sit back and allow the tenants to buy that home for you.
6. Real estate builds wealth
There are plenty of millionaires and multi-millionaires out there who will tell you that real estate investing is the most significant asset avenue that got them there. If you’re seeking a way to build your wealth faster than simply working 9-5 and socking some away some cash here and there, real estate investing is the answer. I’ve not only experienced remarkable success myself as an investor, but I’ve also watched student after student grow their wealth too.
The truth is that real estate investing can be a way for you to cut the number of hours you work, while significantly increasing your income. This will allow you to spend more time with your family and friends, taking more trips, and enjoying the kind of life you truly desire.