One of the great benefits of real estate investment is its long-lasting nature.
Last month, I was driving past the neighbourhood where I grew up and I noticed something; a majority of the buildings that I used to see growing up (most of them were built before I was born) were still there! These buildings are rental properties. Most of them have 4 flats. Some have 6 and a few of them have 8. So something struck me. It dawned on me that the owners of these buildings have been collecting rent for more than 35 years! There are very few investments that yield this kind of return.
All the owners’ had to do was to buy or build at least one house. One decision that has paid dividends for many years. Pause for a moment and let this sink in.
If you want to invest in real estate, the time is now.
Real estate will pay you for many years.