Real estate is one investment where the rich almost always get richer. If you look at the wealthy and upper middle class, you may notice one thing in common; they generally own their own home, but also own additional properties to create additional income.
Real estate is a tangible asset unlike its more traditional counterparts; stocks, bonds, certificates of deposit and mutual funds. Generally stocks are mutual funds are considered a volatile asset as they are just a paper or electronic asset while real estate is much steadier as it is a tangible asset and can be seen.
In real estate investing you have control of your investment, not a CEO that may not always have your best interests in mind. When you own an investment property you decide when to sell, when and if you’ll make capital investments and control your wealth.
Every year new companies open and enter the stock game, making stock a resource that is always being replenished. When you choose to invest in land and property, you are investing in a resource that is a commodity. Unless our oceans dry up, land can’t be made, so as an investor you are actually holding onto a very hot commodity.
If you are looking to diversify your investment portfolio consider the tangible asset of land and contact a member of the Asset Quest team!