If you know what you're doing, you are nearly guaranteed to make
money. Unlike many other investments, you can count on one thing with
real estate. You CAN eventually turn a profit on almost any property
you own - as long as you paid a reasonable amount for it in the first
place. Real estate values rise and fall with the economy. If real
estate prices drop, you can count on the fact that they WILL rise
again.
If you've invested in rental properties, you can count on a steady
income from them - as long as they are well-maintained. It's another
truth of real estate - people will always need housing. There is
always a demand for what you're selling. And even in the toughest
markets, rental prices seldom drop more than a few percent. As long as
you can keep your rental units full with paying tenants, you can count
on the income from those units to cover mortgage and upkeep costs and
make a profit.
The bottom line is the bottom line. Real estate is one investment that
has centuries of proof of its profitability. If you strip away all the
get rich quick promises and hype, you'll find a core of truth: people
make money buying and selling real estate. And that, after all, is the
best reason to invest in anything, isn't it?
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