While Andrew Carnegie famously said that "90% of millionaires made it through real estate" I would venture to say that 99.9% of billionaires have Real Estate in their wealth portfolio.
Real estate is a necessity. From a traditional sense of basic human needs, everyone needs shelter. With real estate you can own, rent, lease, build, store, etc. There are many options. Beyond basic need for shelter, real estate is a necessity for true wealth.
Right now is one of the best opportunities to snap up real estate both because of the reduced costs and because of real estate's potential upside. Despite more stringent lending practices, you are probably not going to see opportunities like these for a long time.
First, the price for real estate on the open market has fallen since the recession started in 2007 and we have yet to bounce back. As with every other thing sold on the open market, the price of real estate is determined by supply and demand. Falling demand for real estate during the recession combined with a glut of real estate entering the open market from foreclosures resulted in rock bottom real estate prices. Since the economic recovery has yet to finish and the housing market remains sluggish, real estate prices remain at historic depths for the moment.
Because the current economy is hovering at historic lows, it is reasonable to conclude that the price of real estate will rise again at some point in the future. Based on this assumption, if you buy real estate right now, you are likely to experience future gains from the increase in the value of your real estate on the open market.
Furthermore, the cost of borrowing money is unusually low at the moment. Since most of us purchase real estate using a combination of personal resources and borrowed money, this is a significant factor in the true cost of buying real estate.
Adams Investor Group targets single family homes and multi unit apartment buildings across the US. Each property is carefully selected following a conservative investment strategy. If you are interested in learning more, please contact Adams Investor Group today!
Whether you invest with me or on your own, NOW, more than ever IS THE TIME to be buying real estate especially single family homes and apartment units!! These unique market conditions make investing an absolute necessity for building your wealth portfolio.