Excerpts from OutFront magazine by Keller Williams Realty, THIRD QUARTER 2012, VOL. 9 NO. 3:
Jim (McKissack): We would ask questions like, “What are you doing to do when you quit working?” My biggest aha was that maybe one out of every 25 people we talked to had even thought about a plan for their future. This astonished me! Society today is so into immediate gratification that no one is looking five, 10, 20 years out.”
OF: Why do you you recommend real estate as a way to build wealth?
(Jennice) Doty: Where else can you invest money, get a high rate of return, have a tenant pay down your debt, write off expenses, depreciate over 27 and a half years, exchange it for more properties, and some day own it free and clear and have cash flow?
OF: What is one piece of advice you can share with long-term investors?
Doty: My advice would be to stick with your strategy. Don’t panic, even if the market or economy changes. There will always be tenants needing to rent. Even if rents are low, they will come back and, over time, your investment will pay off.
OF: Why should someone look into real estate as a method for building wealth?
(Steve) Chader: Leverage. You can purchase six-figure assets with a relatively amount of cash. Leverage makes it accessible. And your growth is compounded on the asset’s value, not the cash invested. Leverage accelerates your growth. Real estate is the most powerful tool for an average person to build wealth.
Want a “guidebook” on how to build your future wealth with real estate? Contact me and I will send you a free copy of HOLD: How to Find, Buy, and Rent Houses for Wealth.
For more information on building, buying, selling or leasing commercial or residential property anywhere in the world, contact Nicole Tucker, licensed agent with Keller Williams, Dallas Preston Road office at 972-992-8204 or visit my website at http://FindHomesInDFW.com