5 Good Reasons You Should Invest In Real Estate Business Now
You work hard for your money, but does your money work hard for you? When you store your cash under your mattress (or in a bank), it will produce next to nothing. However, when you put money into an investment, your capital goes to work for you.
Plain and simple: Investing is putting (money) into financial schemes with the expectation of achieving a profit. (How you become wealthy).
But what is the best “job” for your money? How can your money earn the most and offer the minimum risk? In my opinion, one investment stands head and shoulders above the rest: Real Estate.
Yes, real estate is subject to timing; and there are times when real estate is not the wisest investment. However, I believe that right now might be the greatest time to buy real estate that we’ll see for another decade or longer. Here are five reasons why.
1. Prices are reasonable.
Yes, real estate prices climbed significantly from their 2011 and 2012 lows. However, for those willing to hustle to find great deals, great deals can be found. This is especially true for investors who buy bank foreclosures.
2. Technology has made investing significantly easier.
In the “olden days,” investing in real estate took a significant amount of driving around, talking to people, waiting, looking at hundreds of pages of documents and other difficult, time-consuming tasks. Today, technology has made investing in real estate significantly easier. For example:
- Advertising units is as simple as posting to jumiahouse, privateproperty, propertybase etc.
- Screening tenants can be done online through a number of screening services.
- Tenants can pay rent online rather than in person.
- Your agent can set you up with automated email alerts for new listings.
- You can take virtual tours of neighborhoods using Google Street View
- You can invest in real estate passively through crowd funding websites.
And so much more. Today, a real estate investor barely needs to leave the comfort of home to manage a portfolio of rental properties, many thanks to technology.
3. Knowledge is free.
In the past, real estate knowledge was primarily taught by “get-rich-quick” gurus who traveled the country charging outrageous fees (up to N100,000) for “secret knowledge.” While this practice is still common, the internet has democratized learning in a way that makes real estate investing education completely free.
There are thousands of blog posts, eBooks, podcasts, forums and more sources that help real estate investors connect. BiggerPockets.com, where I spend my nine-to-five, is a good example. Millions of new and experienced investors come to the platform monthly to learn and grow as investors — for free.
4. Your job is unstable.
While you might think you have a stable job, job security is not what it once was. Employers are all too happy to let go of hundreds or thousands of employees just so the price-per-share might increase a few percentage points. Efficiency is the name of the game, and your job might be on the chopping block.
Today, the best job security is enjoyed by those who take an active interest in gaining skills and knowledge that can be used elsewhere. Real estate investing is one of the greatest ways to gain financial independence so your job can become optional rather than required.
5. Ten years from now you’ll wish you had started today
Finally, let’s talk about the big one: Investing takes time. I’m not promising you that tomorrow you’ll be rich if you start investing in real estate today. But I am telling you that in ten years you will likely look back at 2017 and say, “Why didn’t I start back then?”
As previously noted, we are now at a unique point in history where real estate investing just makes sense. Wait too long and you’ll miss out.
Of course, I’m not telling you that any piece of real estate is going to make sense. You still need to understand what you are doing. You still need to do the math correctly. You still need to hustle to find the 1-in-100 deals that actually makes sense.
For more investment tips on real estate talk to us via email: firstname.lastname@example.org or 2348121632320
Till your success on real estate investment.