First for friends and family, I have seen it be successful. Second, my friends who work in real estate have at least achieved a low form of financial stability, even with the ups and downs of the latest economy. Third, over time, I have seen real estate investments benefit people. Some examples are below.
My grandparents own three rental properties. find more info While the rent checks that come in are not large sums of money, as tough economic times fall, they are very reliable and helpful. Growing up, by restoring houses or renting properties out the parents of two of my close friends invested in real estate. For college expenses, they were able to save money they won. Finally, two friends and a family friend bought vacation real estate and the rental money and the valuation of the location helped these families achieve financial freedom over time. I’m not saying that real estate is the only way to invest, but it’s one that I think helps other people or your family in more ways than just financial aid. It is a lasting effort to give someone a place to live, recharge, or develop a neighbourhood by revitalising a home. It is one that, in ways you will never see, will affect lives and the economy. It can be an inspiration, a show of interaction and a builder of a portfolio. If you’re going to invest in something, why don’t you invest in something that makes you money but makes a difference as well?
CONTROL – You will be recommended by several money managers to diversify your investments into paper assets such as mutual funds and CDs. However, when investors look for lower-risk investments, they raise the level of risk on their own by investing predominantly in mutual funds. The problem is that you do not have real leverage over the valuation of the properties because, as you can real estate, you will not renovate or boost its value.