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Time and again we’ve seen real life examples of how slow and steady wins the race. Sure, the famous fable tells the story of the tortoise and hare and it applies to many concepts within life and living – but how does this relate to the business of real estate?
Time and again we’ve seen real life examples of how slow and steady wins the race. Sure, the famous fable tells the story of the tortoise and hare and it applies to many concepts within life and living – but how does this relate to the business of real estate?
Today’s Marketplace
Offers an Ideal Investment Opportunity
When
you put money into a property, particularly after putting a sizable down
payment on the property, you are starting out with equity in the first place.
Over the years, as you collect more equity with years of rental income going
into the mortgage – you will build that equity over time. Turning close to 100%
of your rental income back into the mortgage is a surefire way to shave off
years from the mortgage and it all but guarantees a solid return on your
investment at the same time.
Gone Are the Days
of Only Flipping Properties to Make a Quick Buck
Despite
some of the methods used by some investors that involve purchasing a property,
quickly flipping it and expecting a quick return – slow and steady is
definitely still a great way to invest. It wasn’t too long ago when billionaire
philanthropist Warren Buffett proclaimed his desire to invest in “a couple
hundred single-family homes” as an alternative to other investments. He said, holding
on to such properties for at least seven or eight years is a very good place to
put your money given the volatility of the stock market and uncertainty of our
economy.
~
If
you would like to take a closer look at your investment strategies or work out
new strategies in light of the current marketplace, I invite you to contact me
today. I look forward to a discussion that will help cement a fruitful future
for you in real estate investments!
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