10 Simple Real Estate Truths
I was one of the speakers at a national conference on building long-term real estate portfolios earlier this year.
The best thing about these speaking gigs? Talking to all the friends afterwards about what they’re doing and where they want to be.
The worst thing? The fact that the most conversations I’ll have are about what people want, but most will not have taken the first step yet.
I get it. Investing can be scary - it can be incredibly complex if you make it that way. However, at the heart of it, I think real estate investing is simple in concept, and here are 10 simplicities I want to share, in no particular order.
Appreciating assets will quickly outpace your earning potential.
Cash flow reduces risk.
Long-term fixed-rate loans are a gift to homeowners.
As a landlord, the vast majority of the time, it’s super easy. Sometimes it sucks.
You don’t want to be a forced seller.
Everything is a trade off. Sometimes you need to make tough choices.
Taxes will eat your face over time if you’re not careful.
There are no problems that a dollar(s) can’t fix (when it comes to houses).
A property rented out for less than you like is better than a vacant property.
Time in market is more important than timing the market.
