Build a Las Vegas Real Estate Property Portfolio
Real estate investment Definitely deserves a closer look. According to many sources 90% of the world's richest people made their fortunes from property!
Here are just a few reasons why I think building a real estate property portfolio is a very good idea
Freedom
You can free yourself from the boundaries of a regular 9-5 job by working to create a profitable business from your underlying property assets.
Today, the few people that can honestly say they love their job are extremely envied. For most of us the daily grind is simply necessary to keep a roof over our heads, feed and clothe our children and hopefully be able to afford to retire some day.
I don't know about you, but that does not sound like freedom to me.
The creation of a profitable property portfolio will allow you the freedom to make your own business decisions, to work when you wish and to manage your family's finances more effectively.
Leverage
If you out a twenty thousand dollars into a bank you will earn interest on that figure alone - the interest rate will likely be poor and taxation and inflation will eat away at any gains you make.
Alternatively, by investing twenty thousand dollars into a property worth one hundred thousand dollars and using a bank's money in the form of a mortgage to leverage up, you make will make the average annual increase on the full value of the property not just on your twenty thousand dollar investment!
Profit Twice
With property you can profit once in the form of regular rental income earned and you can profit twice and big time from the average price gains your property will enjoy each year.
Even during a real estate market down turn when prices stagnate or readjust your property will hold at least the majority of its value before once again attracting positive capital growth when the property market cycle begins to turn to profit again.
Consistent Growth
Over the last fifty years real estate has doubled in value every seven years. If you average that out that means that property has grown consistently by just over ten percent a year.
Passive Income
As your property portfolio grows so the amount of income you generate will increase. You will not be able to stop this growth once it starts because each year your properties will go up in value and regularly you'll be able to push up rental income!
While you retain ownership of your properties so you will retain ownership of all the income and all of the growth in underlying value - this is a passive income that you can take into retirement and hand on to your children and grandchildren when you're gone.
Making an investment into real estate is just like making any other form of investment. There are associated risks and past performance is not an indicator of future potential. Furthermore this article does not constitute personal direct advice.
The author, Roy White and his wife have been helping people buy and sell Las Vegas real estate for over 28 years. They are also investors themselves. For questions or comments you can contact Roy and Shirley toll free at 1-866-374-3444 or by e-mail at CENTURY21WHITE@aol.com
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The Roy and Shirley White Team
CENTURY 21 Aadvantage Gold
5041 N Rainbow Blvd
Las Vegas, NV 89130
Direct Line 702-610-4270
Toll Free 1-866-374-3444
Fax Line 702-309-4483
Each office is independently owned and operated
