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| Society (Photo credit: ultrakml) |
Most people feel that they don’t have enough money or are
not qualified to invest in real estate, however most people are well qualified
and have far enough money to make a real estate investment. Where to begin is a
question of concern, but there are a few things to pay close attention to. The
two main strategies in real estate investing are long and short term, and they
appeal to different people. A long term hold, where you pay off your mortgage
and collect interest over a long period of time, which is more reliable and consistent,
and a short term buy and flip model for people interested in benefiting in
today’s distressed real estate market.
Believe it or not, more millionaires were made during the
great depression than any other time in history. This is because they saw
opportunity where others saw nothing, and swooped up real estate properties
that later gained tremendous value. Although we’re in a much better situation
now than we were in the great depression, the real estate market is in a
similar situation. Low property values with no signs of increased growth make
it quite unattractive. However 30 years down the road, the investments that
would be made today are almost certain to be good ones.
Talk to your local real estate broker about real estate
investing options, and ask what they think of the situation. I can almost
guarantee they will advise you to invest if you have the cash to do so.
