I recently heard the criticism, “real estate investing is a get rich quick scheme!” Initially, I vehemently defended it. However, the more I thought about this idea, I realized it was true. Real estate investing IS the fastest way to build wealth!
On today’s episode, I’m sharing four ways that real estate investing can help you build wealth quickly. I’ll discuss how real estate has transformed my life, and I’ll give examples of real-life investors we’ve spoke with here on the podcast. If you’re looking to build wealth rapidly, today’s show is for you!
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It’s true, real estate investing is the fastest way to build wealth! I wouldn’t call it a scheme, but it’s certainly a mode of getting rich quickly. There is no other investment vehicle that can enable you to reach financial freedom in a short period of time.
First of all, appreciation of properties builds wealth. Residential real estate appreciates on average 4-5% each year. When your properties appreciate, your net worth increases.
Additionally, each rental property brings in cash flow every month. When your tenants pay their rent, you’re building wealth. A real estate investor can bring in passive income while they’re on vacation! That is real wealth.
If you have loans, each payment pays down the principle on the mortgage. And when the principle decreases, you’re building up equity. More equity = higher net worth!
Lastly, the tax benefits are incredible. In real estate investing, the deductions and write-offs seem endless. Not to mention, real estate investing offsets overall income tax, and you can claim property depreciation.
If you’re ready to begin building a passive income through rental real estate, book a FREE call with my team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family.
On this episode you’ll learn:
- How should you approach cynics of real estate investing?
- How can rental real estate add to your net worth?
- What specific costs can you claim on your taxes as a real estate investor?
- And much more about buy and hold real estate!
EP083: How a Newbie Achieved Financial Freedom in Her Spare Time [Case Study]
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