Your choice of investments in today’s economy are almost too numerous to list; bank CDs, savings bonds, stocks and bonds, mutual funds, precious metals, and the list goes on and on. In this episode, Bill examines the top reasons why real estate stands alone as a superior investment compared to all other investment options out there.
Before we get started, I wanted to share a great resource for real estate investors. At http://olddawgsreinetwork.com/resources/ you can get copies of past Od Dawg newsletters and there is also our Top 20 Real Estate Investing Books. These books are our top picks for anyone getting started in real estate investing.
I am going to start featuring these great books on a regular basis on Fun Fact Fridays. Becoming familiar with some of these great books will be of tremendous value for those of you who have not had the chance to read these books.
One of my favorite all time real estate investing books is Ken McElroy’s The ABCs of Real Esate Investing. I would say it is even in my top 3!
Ken is one of Robert Kiyosaki’s Rich Dad Advisors and has a successful real estate investing business and has also written the The Advanced Guide to Real Estate Investing by Ken McElroy.
Today, I’ve taken the libery of adapting a list in chapter one of The Advanced Guide to Real Estate Investing, entitled “The Power of Real Estate: Ten Advantages.”
Real estate is the ultimate investment. Nothing else provides the same kind of dollar-for-dollar returns and has the same kinds of advantages. If I had a choice to invest $1 million in real estate and $1 million in Microsoft stock, I would choose real estate, hands down. Even if the real estate appreciated at half the rate as the stock, I would still come out way ahead when you factor in leverage, tax advantages and cash flow.
This thinking goes counter to much mainstream thought. We are bombarded by articles, commercials and advice to invest our money in stocks, bonds or mutual funds. Major investment publications tout the advantages of mutual funds and the stock market, while downplaying the viability of real estate as an investment tool.
Why? You only need to flip through the publication to see who their advertisers are…
I am going to list 10 reasons why real estate is the best – hands down!
I’ve just shared 10 advantages of real estate investing over other investment types and I know there are even more. I firmly believe that there is no investment more powerful than real estate. It can generate immediate returns, tremendous tax advantages and a bonus of significant equity in just a few years or when you sell the property or refinance. It’s an investment whose benefits are numerous and enduring.
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