It is well known that most millionaires in America made their money through real estate. This is so true, especially during this economic downturn. I have seen home values plummet precipitously. Prices have declined by as much as 50-70% in some cities, therefore making homes easily affordable to first-time homeowners and investors. Now, more than ever before, it makes more sense to own than to rent. Spurred by government tax credit incentives, coupled with historic low interest rates, first-time home buyers are coming out of the woods and rushing to buy. They are now in the scramble with first-time and seasoned investors who can now easily cashflow on the homes they buy.
Investors can buy and hold or they can simply pay all cash then flip to end-buyers and make a quick profit. Making money in real estate has become so easy and extremely predictable. Be it in residential or commercial real estate anyone who is remotely interested in real estate can make money these days. There’s no other arena where investors can invest with confidence; not in the Stock Market; not in CDs or Mutual Funds. Real estate is it.
