It’s not gold, it’s not savings, and it’s definitely not stocks. The best investment is actually real estate, and Americans agree with me.
According to a yearly Gallup poll, 41% of Americans chose real estate to be the #1 long-term investment. And not just once or twice, but for 8 consecutive years.
Now, I’ll be breaking down why real estate is and has been the go-to investment for building wealth.
Why is real estate the best investment?
1. Store of value
For hundreds of years, real estate has proven to be one of the safest investments you can make.
The value of properties rarely goes down. And even if it did, it’s only for a short period of time.
Unlike the US dollar, which drops in value every time new money gets printed, the value of a good real estate deal doesn’t decrease as more buildings rise.
2. Tax benefits
Real estate investors pay less tax than almost any other citizen.
As a real estate investor, you get to write off much of what you pay to run your business. For example, things like advertising, office space, business equipment (e.g. computer, stationery, business cards), legal and accounting fees, travel, etc.
So, it’s safe to say that the government really likes real estate investors and they treat them differently when it comes to taxation.
3. Passive income
This is the cure for worrying about your finances all the time. And it’s the reason why I started investing in real estate in the first place.
Passive income creates stability, security, and freedom in your financial life since it’s not limited by your time and effort.
So, there you have it. If you’ve been thinking about getting started on real estate, believe me, it’s never been a better time. Especially now during times of high inflation.