Have you looked at your 401(k) lately?!? If so you are probably pulling your hair out. Or if you?re about to retire you are crying, wondering what are you going to do.
Now don?t get me wrong, 401(k)?s are fine, especially with the employer match feature. And I know they will in time probably bounce back. I have nothing against them or mutual funds, index funds, IRA?s, etc etc. I just don?t want to rely totally on them.
Individual stocks are great, but I still prefer real estate investing as my number one investment avenue. First of all, you have something real and tangible. A stock can literally go to zero, but with real estate you have something there. Even if your properties burn to the ground you will have insurance (if you are smart).
Secondly, you have many wonderful tax breaks with real estate which you will find more information about in another link on this page.
And thirdly, you have leverage with real estate investments. You can take a little money and borrow a lot more. And by the way, you can?t do that with mutual funds. Next time you are at the bank,tell them you want to put $10,000 down on a $100,000 loan to buy some mutual funds. They don?t do that. If, however, you ask them for that same loan on a rental house, then they?ll say ? let?s talk?
Can I Really Do This?
Yes! You really can! It isn?t easy though and it will take a lot of work and dedication on your part. Any guru who says real estate investing is easy and simple is lying. However, with the right resources and information you can be a successful investor. I heard a statistic that 95% of beginning real estate investors fail. That is why we?re here ? to give you the knowledge to help you avoid being in that statistic and be a successful real estate investor!
What Are The Opportunities in Real Estate?
Right now is the best time to get started if you are just beginning real estate investing or if you are already investing, to purchase more properties.
Housing has hit a low. A lot of small businesses have crashed and that is also causing commercial real estate to come down. Foreclosures are everywhere. A smart investor of anything knows that you buy when prices are low. A lot of people wait for everything to get high before they decide it is a good idea to buy.
But when the market is down they buy into the ?doom and gloom? of the media and are too scared to buy. That doesn?t make a lot of sense. If you buy right now, the market will rebound at some point. People will always need a place to live, that will not change. And there will always be renters in our society, that also will not change.
Let?s Get Going!
I?m very excited that you are here. My number one goal is to help, I will admit that I am also looking forward to learning more from you as well. Never think you know it all. When you think you know it all, then you will cease to grow.
For you savy investors, help us make this site even more helpful by contributing what you know about real estate investing. Post your comments and stay informed.
Lastly, remember that I cannot make you successful. It is up to you. I am simply trying to provide a little help along the way. You must take responsibility for your success.
And remember, if you are successful, give back to society and make the world a better place. There are numerous churches and charities doing great things that could use your help!
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