Many of country’s millionaires have used real estate investing in building their wealth. Usually this occurs over an extended time period. You don’t have to be rocket scientist. With a simple, solid investing strategy, almost everyone can reap some of the largest rewards available. It does take an initial investment.
Magic of Leverage
Leverage is where one invests in real estate, puts a small down payment and gets a loan to cover the rest of the purchase. Lets say the purchase price is $100,000 and the investor puts $10,000 down and gets a loan of $90,000. In 5 years the value would be about based n an average yearly rate of 7% appreciation. That means your original investment of $10,000 would be approzimately $50,000. Why? The original value was $100,000, with $10,000 down payment. In 5 year tthe value would increase to over $140,000.
This is the magic of leverage
Where do you want to be financially in 5, 19 and 15 years?
Real estate is and has been an excellent investment. Would you like to explore your options? contact me.
Michael J Daily BRE 00927153
Gold Star Realty 818-438-9893 firstname.lastname@example.org