Why do Millionaires love real estate so much? Here are a few reasons why more millionaires are made in real estate instead of any other business:
1. They aren’t making anymore of it.
Real estate deals in a finite commodity and is therefore going to be subject to increases in value. We have all seen the price of computers go from $10,000 each to $500 in less than a decade. When have you seen the price of housing go down when has the rent for office space fallen for less than a year or two?
2. Easy Money.
It is easier to get a loan for a home that is to get a loan for small business.
3. Passive Income.
You don’t have to do anything to make money in the real estate industry. Most people will say you have to fix the toilets, but if you buy a property big enough, you can hire a management team to to handle that.
4. It can be passed down to the next generation
If you build a real estate empire, it continue to produce income for the rest of time. Your kids can literally grow up and not need jobs if you can set them up with $60,000 a year of passive income.
5. Cannot be disrupted by technology
There will never be an app that replaces real estate. Ever.
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Quentin B. Smith is the bestselling author of Millennials to Millionaires, recognized automotive dealer, and motivational speaker on personal finance, investing, and entrepreneurship. Mr. Smith’s 2 privately held companies reflect his honest viewpoints on the economy, the middle class mindset, and business have made him a valuable resource for media seeking commentary and insights on real topics that matter. Catch him in highly held finance publications as he urges his followers and associates to Make it Happen and go from Millennials to Millionaires. He currently resides in Salt Lake City, UT with his friends, team, and cars. Visit http://quentinbsmith.com for his latest blogs, news, tips, and training!