Real Estate Is a Powerful Wealth Building Tool and Has Made Millions of Big Investors. A Large Portion of Their Business and Wealth Is Still Based in Real Estate and It Is One of the Main Investments Helping Them Stay Rich.
Financial Samurais Concede That Most Millionaires Have Used Real Estate to Make Their Fortunes. In Fact, Statistically Speaking, Real Estate Bags the Topmost Position if You Go About Considering Which Assets the World’s Billionaires Are Most Invested in. It Is Especially True for India’s High Net Worth Individuals (Hnwi). A Recent Report by a London Based Real Estate Firm Found That India’s Hnwi Individuals Have Heavily Invested in Foreign Real Estate and 87% of Them Are Purchasing Properties Only for Investment Purposes.
By real estate investment, I don’t mean buying a property and waiting for another 10-15 years until its market value increases. What I am referring to are investment in real estates which include ‘income producing properties’. These properties lead to constant income, like rental estates which generate revenue from tenants and Real Estate Investment Trusts (REITs). Remember, a house in itself is not an asset- It takes money out of your pocket via maintenance. Investment real estate puts money back in the pocket.
CAN IT BE THE ROAD TO BECOMING RICH?
Real estate has worked for many. Many self-made billionaires started off with real estate to build the kind of wealth they always dreamt of. Could real estate become your starting point too towards the road to becoming rich?
Obviously, a big yes!
But it is not to say that there aren’t any accidents in real estate industry. There have been incidents when people started out with great enthusiasm, only to find their bank accounts empty. Owning a piece of land is one thing and knowing what to do with it, is another.
WHY SOME INVESTORS ARE NOT RICH
The lack of it is the reason why some real estate investors are not rich today. They are not willing to go through that process of looking at 100 deals to find that one RIGHT deal. As they say, you have to kiss a lot of frogs before you find your prince. This process is very important. One has to grow in the process and learn from mistakes. New investors fail to do that, and real estate fails them.
Real estate is not a lottery, or an overnight success formula. It is not for an impatient investor. Getting educated about what you are going into is of extreme importance. Remember- If you are able to empty the purse in your head (is able to do the math about pros and cons), no man can take the profits away from you. And, expertise is needed for that, which comes from practice!
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