Many people are hesitant to invest in real estate as it requires a huge amount of money, and like other investments, there are some uncertainties that come with it. However, in an article by The Oracles (2019), it is said that “90% of millionaires got their wealth by investing in real estate.”
If you’re already starting to build your fortune, would it not be worth it to trust people who are already there? Millionaires say that real estate is still the best investment you can make today. Find out why and read up.
Buying my first itty-bitty studio made me rich, Barbara Corcoran, founder of The Corcoran Group
Barbara’s millionaire story started when she bought her first studio after scraping together a few bucks. As time passed by, the value of her studio doubled, enough for her to get a one-bedroom apartment and pay 50% upfront. Her real estate investment grew into two bedrooms, then a three-bedroom, until she got her 10-room penthouse on Fifth Avenue in New York City.
The secret to real estate success? Get started, Melanie Bajrovic, entrepreneur, real estate investor, hospitality business owner, #1 international best-selling author, educator, speaker, philanthropist
Melanie was a minimum wage earner bartender before she ventured into real estate that turned her into a multi-millionaire. She recommends that a way to succeed in this field is by getting started. Many people take too long in the learning process and eventually not succeed because they are afraid. Therefore, getting out there and exhausting all possibilities will work the magic.
Don’t make your money sit. Make them appreciate, Grant Cardone, sales expert, New York Times best-selling author
Buying multifamily properties in upscale locations is always a great idea for Grant. You are guaranteed consistent cash flow and your property will surely appreciate. This technique is what he uses, but he also does not discount investing on low-income areas and single-family homes as these are still better than just storing money in the bank and letting cash depreciate.
Why rent when you can buy? Peter Hernandez, founder and president of Teles Properties
For Peter, real estate investments are more stable than stock markets which fluctuate. Plus, unlike other investments, you get a tangible usable asset here. He proceeds to also illustrate the benefits of buying rather than renting. He emphasizes that renting a one-bedroom apartment could now cost up to $5,000, yet there are available options to invest in real estate by paying only $4,000 in mortgage. One can also put the property for rent to cover the mortgage or even more.
You get vast options in real estate, Daniel Lesniak, founder of Orange Line Living
Daniel invests in real estate as it offers more flexibility as compared to bonds, stocks, and other forms of investment. It creates millionaires because one does not depend on uncontrollable factors, but rather gives real estate owners the flexibility to develop properties, lease it, or divide it to maximize the space.
Demand for real estate continues to go up, Robert Martinez, founder and CEO of Rockstar Capital
Demand for a place to live is high all-year round so there’s much more guarantee of consistent returns on real estate. With the human population continuously rising, so is the need for housing. Apartments are gaining traction nowadays so once you build on your property, it will continue to generate increasing income over the years.
Convinced where to put your investments now? It’s a guarantee that you’ll never go wrong with real estate.
You might want to check out Antipolo properties up for grabs! Enjoy scenic views and amazing weather with a property in this beautiful city. For inquiries, you may contact me at 0927 957 2503 or email me at dan@danielalleje.com.
References
McKissock. (2018). Success Story: This Young Millionaire Went From Bartender to Real Estate Investor By Age 27. Retrieved from https://www.mckissock.com/blog/real-estate/success-story-flexible-jobs-melanie-bajrovic/
The Oracles. (2019). Real estate is still the best investment you can make today, millionaires say—here’s why. Retrieved from https://www.cnbc.com/2019/10/01/real-estate-is-still-the-best-investment-you-can-make-today-millionaires-say.html