For many years I saved a significant portion of my wages each month, theses savings helped me to pay off my mortgage and put my kids through college. What I found however as I approached my later years was that I was still saving all of this money and I had nothing really to spend it on. After a chance meeting with real estate developer Radha Singh, I decided that I would in fact put my money to work and seek to grow my wealth through investments.
I had no idea about the stick exchange, oil prices or the currency market so I decided that the best way in which I could grow my wealth was to invest in something that I did know a little about, real estate. If this is an area that you are thinking about investing in, here are just a few reasons why I think that this type of investment is the perfect way to grow your wealth.
When investing in real estate you have many options in front of you, you could flip properties quickly after giving them a make over, you could buy and rent out the property in order to gain some monthly income or you could simply buy a property and wait for it to become profitable. You will also have the choice between commercial and residential real estate, depending on what you understand best.
What I love most about investing in real estate is that I can literally see my money sitting there, something which cannot be said about stocks and shares or start up investments for example.
The property market is not perfect but it is far, far more stable than the likes of the stock exchange which can fly up and down in a moment’s breath. For this reason I feel very comfortable with real estate investment and because I have enough money to allow me to be patient, I can happily wait around if the property price drops, until it picks up again. The property market is also very resilient and this means that even when the market does drop, it will invariably return once again to a similar level to where it was before.
Supply and Demand
The demand of housing has outweighed the supply of housing since time began and today’s world is no different. For this reason there is always someone out there who will rent or buy your property, assuming that the conditions are right. The situation with housing is showing no signs that it is set to change any time soon and so as long as you invest in a sensible and liveable property, you shouldn’t have any problems whatsoever when it comes to making money from it.
These are just a few reasons why you should get involved in real estate investment, it can be highly profitable, easy to manage and actually very exciting.