Congratulations! You're taking the first steps towards building legacy wealth for you and your family. In my opinion real estate is the smartest, safest, and fast way to increase your net worth. Can you think of another way to increase net worth while also creating passive income? I can't.
But I can hear you saying, "Hold your horses! Didn't we just go through a big housing collapse?" You're right! We did about 8 years ago. A lot has changed since then. That's why today's episode is entirely devoted to looking at the future of real estate investing from 2017 and beyond.
In today's episode we're talking about some of the biggest reasons to LOVE real estate investing.
The bottom line is that young people simply aren't' buying houses. Either they don't qualify for mortgages or they just don't want to own a property. Millennials want to travel and not be tied down to any one location. In fact we've seen a 23% increase in renters in some of the country's biggest cities.
2. Stable Jobs
I know we hear all the doom and gloom about the jobs market across the United States but the truth is much different. In fact my favorite rental markets have very strong local economies with jobs that cannot go overseas, hospitals, distribution centers, long haul trucking companies... All jobs central to the US economy. In fact in my favorite rental markets I didn't see one dip in my rental income during the Great Recession.