We all want to find that perfect investment that’s going to give us a huge return.
We’re doing this to make money after all!
So, what exactly does a “perfect investment” look like?
It looks like a high rate of return year after year, combined with a low risk of losing money.
In the real world, where a “perfect” investment is hard to come by, the closest we get is in real estate.
Here’s why.
As an investor, chances are you’ve at least dabbled in the stock market before.
While stocks can be a great way to make money quickly, going it alone can be very risky. You need someone to guide you, otherwise as much money as you might stand a chance of making, you could also lose big.
Investing in real estate is an excellent option for those who can afford it, and it allows you to spread your investments over a range of assets.
By all means, keep investing in stocks (with our guidance)!
But diversifying with real estate can seriously strengthen your portfolio.
If you’re on the fence about investing in real estate, here are some reasons to convince you.
- In terms of adding to your portfolio, real estate is a knockout.
- It is an appreciating asset, since tenants pay you rent which covers the mortgage and expenses until you’re just making money hand over first every month.
- An investment in real estate also gives you streamlined access to a growing market, since the number of renters continues to increase rapidly.
- Investment diversification is integral to a strong and withstanding portfolio, and real estate definitely adds value to that.
- In the case of those for whom investing in real estate is an option, it offers a slow, but predictable rate of return over the long run, and is a great way to build long-term wealth.
Have I convinced you yet? At least to consider taking the next step towards real estate investing?
I’ll make it even easier and give you some tips, just in case you are ready to get started.
The first step, of course, is to find a property you want to invest in.
Now that’s no simple feat, especially if it’s your first time and you have no idea what to look for.
In order to make this process a lot easier, you’ll need a good real estate agent who can help guide you in the buying process.
You want an agent who has knowledge of the value, location, and ROI (return on investment) of the properties you’re looking at, and can give you thorough and reliable information.
On top of that, knowing how many rentals and/ or resells commonly occur in the area is also very helpful, and can help you predict how well your investment will do.
Although this search can be a very taxing process, I’m here with an easy rule to help you out.
It’s called the 100/10/3/1 rule. Basically, it means you should look at 100 total properties.
Of those 100, determine 10 you like and make offers on them. Of those 10, your offer might be accepted on three of those properties, and of those three you choose the best one.
It may seem daunting, but once you’ve finally made the jump and are raking in the money, you’ll thank me.
Normally, you’ll hear people say that if something was easy, everyone would be doing it.
Lucky for you, you’ve got me to make real estate investing as easy and painless as possible.
All you have to do is take that first step, and then sit back and collect the checks.
