To decide whether real estate investing is right for you, take a look at the honest pros and cons of the game.

As someone who has an REI portfolio of billions in assets, I’m the first to tell you there are more pros than cons to real estate investing.

That’s not to say it’s all positive. There are some risks involved. But I’ll give you my perspective on each one.

Pros:

Endless cash flow

If you purchase a property and rent it out, you can continue to receive payments every month, which can help to build your wealth over time.

With consistent and stable cash flow every month, you can buy and rent out more properties.

When you choose to invest in apartments (multi-family units), you’ll be laughing all the way to the bank because of the amount of income you’ll see coming in. That’s what infinite cash flow looks like.

Tax breaks

When you invest in real estate, you can often deduct your mortgage interest, property taxes, and other expenses from your taxable income.

This can help to reduce your tax burden and save you money.

Appreciation

Over time, real estate tends to appreciate. If you hold onto a property for a long time, you may see its value increase, resulting in a more significant return on your investment.

However, I want to point out that this can quickly become a con if you purchase the wrong property (single-family homes). This isn’t the wisest investment because it takes too much time and energy and waiting for this to happen.

Cons:

High upfront costs

You will likely need to come up with a significant amount of money to purchase a property. And you may also need to make repairs or renovations before you can start renting it out.

But if you follow me and my real estate investing training, I can show you how to start with less than $1,000.

Time commitment

Real estate investing also requires a significant amount of time and effort. You will need to be able to manage your property and deal with any tenant issues that may arise.

If you don’t have the energy to commit, real estate investing may not be the right choice. Before you dive right in, make sure you want to be in this for the long run, not just “get rich quick.”

I’ve been successfully investing in real estate for decades. And I can whole-heartedly say it’s been one of the best investments I’ve ever made.

Remember, there are always two sides to every coin. But in this case, the pros outweigh the cons and will make your wallet heavier!

To learn about how I find, buy, and fund deals, secure your spot to my Real Estate Live Training.

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here