When I say that real estate investing is the number one way to build wealth, that’s not just my opinion, it’s the truth. There’s no other investment type that allows for the numerous benefits that real estate can provide.
On this episode of Investing in Real Estate, we’re going to cover the top 12 reasons why real estate is the best investment vehicles you can use to build wealth. Press play to learn more!
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- Real estate investing offers high returns. As long as you buy right, it’s pretty easy to earn double digit IRR through real estate investing. In fact, real estate offers four streams of income.
- With real estate, you can create monthly cash flow, or passive income that can fund your lifestyle, pay off debt, or continue growing your portfolio.
- Because of the way real estate naturally appreciates, you get a built-in boost in net worth every single year. Here’s a quick example: The average appreciation rate on real estate is about 3%. So let’s say you have a property that’s valued at $400,000… so you’re growing your net worth at a rate of about $12,000 per year, just by owning that property. As a long-term buy and hold investor, appreciation is powerful because it allows you to build your net worth slowly and steadily.
- The tax benefits of investing in real estate can help you reduce your overall tax burden. Be sure you’re working with a tax-savvy CPA to make sure you’re taking advantage of the numerous write-offs and deductions that real estate investing can offer.
- There are no limits. Unlike other investment types, you can build as much wealth as you want through real estate investing. Your potential is totally up to you – not your boss, not the IRS, or any other entity.
- Protection from inflation. Real estate tends to maintain its intrinsic value during times of inflation. Putting your money into a hard tangible asset like a piece of real estate is a strong hedge against inflation, which is important in today’s economy.
- Protection from Wall Street. I don’t know about you, but I don’t want the majority of my wealth tied to what’s happening with Wall Street. Buying real estate allows you to have assets that are unaffected by major swings in the market.
- Rental increases. Much like everything else, the price of rent has gone up in the past few years. Especially if you’re investing in high-growth markets, a healthy economic landscape will allow for a steady rise in rent over time. Now don’t get me wrong, I’m not talking about price gouging or taking advantage of anyone, but often a slow rise in rental rates can be appropriate.
- Mortgage pay off. Every month when you collect rent, you pay down the principal on your mortgage. This means you’re effortlessly building equity and reducing your overall debt.
- No experience needed. You don’t have to know it all to get your start in real estate. In fact, often the best strategy is to learn as you go. And if you’d like to work with a full-service real estate team that takes care of everything for you, our team at Morris Invest would be happy to help. All you have to do is head over to our website and schedule a free call at morrisinvest.com. There are no fees, no strings attached, and we’d be happy to help you map out some of your options.
- Through some of the benefits we’ve already touched on, you can retire early if you choose. Because you can build passive income and your earning potential is up to you, you can retire early if that’s something you want.
- Best of all, investing in real estate can provide Financial Freedom. So whether you want to quit your job, retire early, travel, or spend more time with your family, investing in real estate can help you reach that goal. Through the power of real estate investing, you can create a customized plan that’s based on your finances and goals. And if you’re ready to get started, head over to morrisinvest.com/freedom to download my free Freedom Cheat Sheet. This will help you lock in a concrete goal that’s based on your actual finances and lifestyle. It’s truly the best way to get started.
Episode Resources
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DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.
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