Many individuals have reached financial independence by investing in real estate. When the income from the real estate portfolio comes in, they are able to pay all their monthly expenses. You can make income through rent, invest in real estate mutual funds, and hire a property manager. The point is that real estate investing is awesome and you should give it a try. Put simply, you should become a real estate investor. Do not worry, you do not have to leave your job. You can create passive income in your spare time. Still not convinced, huh? If you do not think that real estate is a fantastic place to invest, continue reading and check out our reasons.
Potential to generate high returns
The real estate market has gained its momentum. Although it is too early to pronounce the beginning of the economic expansion, it is certain that things are looking good for those who are interested in investing in the property market. Real estate investing offers high returns. You will not become a millionaire, but you stand to make a great deal of money. The simplest way to make money is to acquire rental property, such as an apartment, duplex or even a house. If you do not want to buy individual investment properties, then you can buy shares in a Delaware Statutory Trust. In case you did not know, you can use your interest as a replacement property in a 1031 Delaware Statutory Trust – in other words, a tax-deferred exchange. no matter what you do, you can grow your financial portfolio.
You are in complete control
Maybe you are not happy with your job. You work eight hours a day and you cannot complain that you do not make enough money. Nonetheless, you want something more. You want to make your own decisions and you do not want to be told what to do. If this is the case, you should really consider real estate investing. You are in control of things. If you do not want to work on Friday, you do not have to. You get to decide how many hours are necessary, what deals to close, and what kind of exit strategy you are going to use.
Leaving a legacy to your family
If you are married with children, you have all the reason in the world to leave a legacy. Real estate is an asset that you can pass down to your loved ones. The property is owned clear and free and, at the end of the day, it brings in money. If the asset is well-maintained, then it will grow and so will the property income. If you do not care about yourself, then think about the future of your kids. They will have to pay for college tuition. How are they going to pay for the educational expenses? If you have amassed some wealth from individual properties or a Delaware Statutory trust, you can leave that money as a legacy. Thanks to you, your children will not have a care in the world.