When I retired 3 years ago, I decided that it was time for a new hobby and I decided to make a bold move and take out my 401K, in order to invest in and try to grow my wealth. I had no idea where I should put my cash and of course, conflicting information had left me confused. I was lucky then to have a chance meeting with my old basketball coach, David Giunta Newport Beach resident like myself and CEO of the real estate investment company BlackPlum. During this meeting, David convinced me that real estate was the best place to put my money, and it paid off very well indeed. If you are looking to invest then forget about Bitcoin and stocks, here is why real estate is still the most lucrative place to put your cash.
As a first time investor I definitely had concerns about the volatility of different markets and the potential of losing a great deal of money in one fell swoop. When it comes to real estate however, this simply is not the case and although the market may move up and down, it is never likely to move in the way in which stocks and shares can drastically rise and fall in a single day. The beauty of real estate is that even if the market were to crash, you still have an asset, an asset which will be bounce back and a physical asset rather than some numbers of a computer screen.
Ways To Earn
I had originally considered flipping properties i.e. buying low and selling quickly for a small profit, then doing so repeatedly. I realised quite quickly however that I did not have the knowledge of the industry that was required for this kind of buying and selling and so instead I decided to play the long game. This is what I love about real estate, the ways in which you can make money, you could flip properties, rent long term, buy with a view to sell and rent to keep the cash flow coming in. Depending on how much you want to make, and how much money you want to invest, there are numerous ways to profit from real estate.
In my view, the biggest advantage to investing in real estate is that the demand for housing has always outstripped the supply. In almost every country on Earth there is pressure on governments to build more houses for people and these demands are very rarely met. Now, it is important that as an investor, you understand what kind of houses have the most demand, usually it is ‘affordable housing’ rather than the swanky mansions which are in great demand and if you can tap into this, you can make yourself a great amount of money.
If you think that it’s time to invest, real estate is where you really should be putting your cash.