On the Maslow’s Hierarchy of Needs, the foundation of Humanity’s physiological needs consists of Food, Water, and Shelter. Shelter is Real Estate.
This is a guide on real estate investing. I have other guides on other types of investment strategies which I suggest you to read for a basic understanding of financial investment literacy (Part 1, Part 2, Part 3).
No matter where you are, rich or poor, during a boom or a bust, everyone needs a roof over their heads.
When you control a real estate asset, you essentially control someone else’s life. After a day’s of work, people go home, and need to sleep. On the weekends some may go out for a trip, but they are always returning home.
The Real Estate market is also one of the easiest ways to utilize leverage. For example, you can control $100,000 worth of assets with as little as 20% down, or even lower through other types of mortgages.
I’m a big advocate of rental properties, but there do exist other ways of investing in real estate.
Through rental properties, you get real control and steady cash flow. In the beginning, a rental property won’t give you that much net profit. It’s when you scale up to multiple properties when you become set apart from the middle class and obtain financial success.
The modern day landlord is equivalent to the feudal vassal. And while some vassals are weaker than others, being a vassal is better than being a peasant.
In today’s world it is so easy to start. Through leverage, one only needs a few months of savings (if you make 70k or more) to begin their land lording career.
This guide on real estate investing will show you 3 main steps for beginners.
...To avoid wall of text, Read More at:
https://financeandpurpose.com/simple-guide-investing-real-estate-pt1/