Many people are scared to take chances but the ones who aren’t are the ones who emptied their savings and 401k’s and invested their money in real estate. Their now getting cash flow, hopefully taking advantage of the tax breaks that come with investing in real estate and best of all, they don’t have to worry about some corporation running their life savings into the ground.
Now it may sound easy, but there are steps to take to make sure that you invest your hard earned money right.
First off, I don’t suggest working with a real estate agent. They are great and they have a job to do but most of them are still stuck in the retail world of real estate. That world ceases to exist now. A huge percentage of real estate purchases are from cash buyers.
What you need do is hook up with an experienced real estate investor like myself that will take your hand and show you how the market works.
Some potential investors get in this business without anyone to guide them but end up getting way over their head because they simple don’t know what they’re doing. This is what causes many to say it’s a scam.
With companies closing down left and right, 401ks are no longer safe. This along with the shaky stock market can take away what you’ve worked all your life for.
As for saving, banks are closing down and yes your money is backed by the US, but truthfully, how long can they do this?
Investing in real estate is the safest way to invest because you don’t have to worry about some big corporation having control over your assets and you get plenty of tax breaks when done right.
If you own enough properties, you can get enough income to support your lifestyle and this is while you’re sitting at home. You can have property management firms control all aspects of you properties for a small percentage which physically removes you from the property.
Start small though. Buy a few while working with the right investor and see how it works for you. After seeing how profitable it is, you’ll be well on your way to building a massive real estate empire. How do you think Donald Trump started?