Always A Good Time To Buy REAL ESTATE.

In today's economic landscape, it can be a challenge for you to trust your hard-earned money in any investment idea. For me, without a doubt, real estate has always been a go-to option! A few days ago I had a conversation with a young up-and-coming real estate investor at Norwood Tavern that really brought this idea to life.

This young man in his early 30s was thinking about buying rental properties. He had already made some smart financial moves, like buying a house with a fantastic interest rate and paying it off in just five years. Now, he wanted to dive into the world of real estate investment to grow his wealth even further.

As an experienced real estate investor, I had some historical insight going back to the first home I ever bought. I shared my story of real estate investment of my 1st real estate investment. Back in 1991, I bought my first property—a townhome in Denver—for $18,000. That was all the money in the world to me back then! After putting in my blood, sweat, and tears fixing it up myself, in about 10 months I sold it for $69,000, making a pretty nice profit. I was the MAN or at least I thought I was.......

The key takeaway from my story is the financial gain that can come from real estate investment. Even though the market has had its ups and downs over the years, including the historic real estate crash of 2009-2011, holding onto real estate for the long term has consistently proven to be a sound financial decision. The key is LONG TERM, you know that place I bought in 1991 for $18,000 and SOLD in 10 months for $69,000? WELL, today it is worth $495,000! YES, $495K! And the crazy thing is it still has my kitchen I put in it 30 years ago!  

For anyone considering investing in rental properties, ALWAYS make sure the rental income covers the mortgage and that there's a margin of safety for profit. As long as these criteria are met and we hold the property long-term, investors can feel confident in their investment's appreciation.

This same principle applies to homeowners: buying a house can be a smart decision when you think about the fluctuations in real estate values over the past 15-20 years. At the end of the day, you have a choice between paying someone else's mortgage through rent or paying your own by buying a house. In the long run, owning property can provide financial security and stability.

My personal story serves as a testament to the power of long-term real estate investment. $19k to $69k to $495k all real numbers in just 32 short years! 

If you're interested in exploring the possibilities of property ownership, don't hesitate to reach out to me in the comments or call 912-844-9000.