People invest in real estate for a number of reasons, as part of their journey toward financial independence. Real estate is a tangible asset. If the stock market imploded tomorrow, people who own real estate still own property.
The cost of purchasing property is the single biggest barrier of entry for most people thinking about investing in real estate. The vast majority of people who are investing in real estate use financing, even if it’s just to get started.
One of the most important things for you to consider before investing in real estate, or anything, for that matter, is what you hope to achieve through your investment. Make sure your goals are clear and you have a plan for what you’re shooting for.
If you do this properly, real estate investments can help you achieve financial independence much faster than just hoarding your money in the bank.
For more information and advice from experts on real estate investing:
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Inspired by Kevin MacLeod