Surprised? I'm not. When I read this, I understood completely that the best way to create wealth for oneself is to acquire and hold (rent out) real estate.
Just in case this was NOT news for everyone in the good ole US of A!
Buying real estate and holding it long term (leasing it to tenants) has always been the best way to get the best return on your real estate investment. Two-Thirds of all Billionaires have made their billions using this concept.
Now, this may NOT work as well for single family homes and condos. BUT, in the CRE world, the best return has always been the one held over the long haul. Buy now; and Sell years from now when the investment has run its course.
If 2/3's of the billionaires in the US attribute their wealth to real estate, it should NOT make anyone say: Golly, gee wiz!
Recently, there was a Blind Item about a Celebrity who made +/-$100 Million during a ten year period who is now (essentially) broke and living off his actress wife's savings. Now, I could guess at who this might be; but I won't because I find this Blind very hard to believe that anyone smart enough to make $100 Million or $10 Million a year would actually be stupid enough to invest so recklessly.
But if it is true, the celebrity is a complete moron for NOT diversifying his investments and for falling victim to the (supposed) high yield return scheme.
What's the old saying: Don't put all of your eggs in one basket.
Now, if you start small and work your way up, such as buy one rental property at a time; or, one small commercial real estate (CRE) investment at a time, over time, the return on the real estate will eventually pay off. (Such as the recent posting about the 9% Cap Rate property located in Las Vegas, NV I blog about last month.)
And, for you who are new to my blog, buying Las Vegas real estate does have a long term value increase preset before the 2008 economic meltdown disaster.
Most people who had acquired their Las Vegas properties a long time ago, did NOT lose their property during the recession because they had so much invested in keeping the property up to date; and they did NOT over-encumbered it by a high LTV loan. Never pay off credit card bills with your real estate equity. That is just dumb!
So, smart real estate investors, you know the drill...
Contact David Howes either by email: davidATdavidhowesDOTnet OR call him at: 70 25 01 93 88 AND you can Follow David on Twitter: @DavidAHowes
Just in case this was NOT news for everyone in the good ole US of A!
Buying real estate and holding it long term (leasing it to tenants) has always been the best way to get the best return on your real estate investment. Two-Thirds of all Billionaires have made their billions using this concept.
Now, this may NOT work as well for single family homes and condos. BUT, in the CRE world, the best return has always been the one held over the long haul. Buy now; and Sell years from now when the investment has run its course.
If 2/3's of the billionaires in the US attribute their wealth to real estate, it should NOT make anyone say: Golly, gee wiz!
Recently, there was a Blind Item about a Celebrity who made +/-$100 Million during a ten year period who is now (essentially) broke and living off his actress wife's savings. Now, I could guess at who this might be; but I won't because I find this Blind very hard to believe that anyone smart enough to make $100 Million or $10 Million a year would actually be stupid enough to invest so recklessly.
But if it is true, the celebrity is a complete moron for NOT diversifying his investments and for falling victim to the (supposed) high yield return scheme.
What's the old saying: Don't put all of your eggs in one basket.
Now, if you start small and work your way up, such as buy one rental property at a time; or, one small commercial real estate (CRE) investment at a time, over time, the return on the real estate will eventually pay off. (Such as the recent posting about the 9% Cap Rate property located in Las Vegas, NV I blog about last month.)
And, for you who are new to my blog, buying Las Vegas real estate does have a long term value increase preset before the 2008 economic meltdown disaster.
Most people who had acquired their Las Vegas properties a long time ago, did NOT lose their property during the recession because they had so much invested in keeping the property up to date; and they did NOT over-encumbered it by a high LTV loan. Never pay off credit card bills with your real estate equity. That is just dumb!
So, smart real estate investors, you know the drill...
Contact David Howes either by email: davidATdavidhowesDOTnet OR call him at: 70 25 01 93 88 AND you can Follow David on Twitter: @DavidAHowes
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