More Millionaires have made their fortunes in real estate than in any other business. IRS, said 71 % of all Americans Declaring $1 million or more in income tax returns during past 50 years.
Investing in real estate is solid financial security or it can create generational wealth that would help immediate family. Investor who includes real estate in their portfolio will help increase your diversification and allow you to participate in an asset class that complements the stocks and bond markets.
Is This the Right Time to buy real estate?
Timing the market is impossible, so I never try to do it. Buying outstanding value is the most important factor in your future success as a real estate entrepreneur, no matter what advice is being offered by the so-called real estate gurus on late-night infomercials. Nevertheless, great fortunes in real estate or any other industry are often made during times of economic distress-in particular, when market corrections, like the current one, dramatically undervalue assets.
Down (Market) Cycle
When the market makes a dramatic correction and valuable real estate assets can be purchased at substantial discounts, be prepared to go shopping for the best deals you can find. real estate market finally does recover (which historically is inevitable-and it seems as though the down cycles are shorter each time), your portfolio will profit from the smart, patient investment decisions you made when everyone else was in panic mode.
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