Getting Rich Through Real Estate

I still remember the day I was introduced to the subject of real estate. I use to think it was a boring subject based on all the movies I had seen landlords were always crossed and always ready to murder someone for their rent. Little did I know that one of the best and most guaranteed ways of building wealth is through real estate? Many individuals would be deterred towards such a move because of our economic climate but what might seem dire just might be the best opportunity we’ve seen in years. Here I outline why investing in real estate should be a no brainer. Questions and disagreements are always welcomed in the comment section.

Shelter is just as important as food

What would happen if you had nowhere to live? Having a roof over our heads is an absolute must. I don’t know why I posed the question in the first place because it is not humanly possible not to have shelter. Real estate is life and best of all it is quite easy to understand and acquire. It is not complex as personally monitoring your stocks or mutual funds. The value is easy to measure and identifying the best property isn’t as painful as evaluating a condensed business plan.

I laugh in the face of danger

Let’s see, what did Donald Trump say, see problems as challenges that we would love meeting and dealing with. He’s a personified example of one who had everything to lose and yet rose stronger and wealthier than ever. Our current housing crisis which has resulted in the fall in home prices should serve more as an impetus to you as a potential investor to take advantage and buy low. Nothing remains the same everything is constantly changing and so is the real estate climate. It is very unfortunate to the many who lost their homes and now have to struggle to build everything back, and kudos to the lucky few who actually have something saved up to invest.

The two most powerful warriors are patience and time

If there’s one thing I learned from Robert Kiyosaki and Warren Buffett is to look for value in what you buy and then hold. Flipping in real estate is not always a good strategy which many have learned; being able to acquire assets for long term income is one of your best investment vehicles. If you read much of the Rich Dad books as I do you’ll come to understand that there is more excitement in keeping than in flipping.

Other People’s Money (OPM)

The concept of using other people’s money is a strategy the rich have been using from times. There is tremendous value in using OPM once you know what you are doing.