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Is real estate investment a risky proposition?
Real Estate Investing Success story , It would be a lie to say that real estate is not a risky investment. But the degree of risk is worth to be mentioned here. As you must know that any kind of investment has certain degree of risk. Now you have to judge that whether that risk is worth taking or not. Real Estate investment can also sometimes be risky but the degree of risk is lower than most of other kinds of investment.
Real Estate success stories
No matter how good a proposition is everyone needs proof. So, here are some real estate investments that turned out to be a pot of gold and will surely help you make the right decision: –
- A lady named Claudia inherited a house in San Francisco that was not in good condition. However, it had the standing price of $800,000 according to the San Francisco pricing. She wanted to know if her property was really worth it and listed it for sale at $1.3 million. Unbelievably, she got an all cash offer of $1.45 million which they took.
Now, if she did not reinvest the said amount she would have faced high capital gains. So, she reinvested in 20 new properties in good localities which is now earning her a total of $20,000 per month in the form of rent received!
- Kim Bosler who lives in California with a large family was looking at a field to invest in so that she could live and travel freely once she retires. Here financial advisor asked her to invest on annuities and safe bonds. But, when she talked to one of her friends he advised her to go for real estate and looking at his success story even Kim made the same bet. Now she owns 13 properties which earn her $7236 every month.
What should you do when the market is down?
Times come when the market is really down and you would think that it is better to sell off the property and salvage any amount possible. However, if you stick up during that period then you will surely receive the dividend of the risk you have taken. After all, day by day increasing population only leads to more demand of real estate so how will it lead you to lose if you invest in real estate.