These Homeowners Received Double Digit Returns Over the Last Few Years
Many of the wealthiest people in the world earned their wealth from real estate.
One, Donald Trump is currently running for the office of President of the United States.
Forbes estimates his 2015 net worth at 4 billion while Mr. Trump states it as 9.
Whether 4 or 9 billion, real estate plays a significant role in his portfolio.
Do you own a home? Are you trying to buy a home?
Home ownership does not hold as high a priority as is once did.
Consider the fact that it is possible to purchase a house and the monthly mortgage payments may very well be less than rental rates, especially in today’s low interest rate environment.
With a fixed mortgage, the payment does not change. The mortgage payment does not go up; the payment goes away when the note is paid off; and you are investing in an asset that has the potential to increase in value.
Zillow analyzed cities with populations over 50,000 and found the luckiest home buyers in America — those who bought in the right place at the right time and have now seen the highest appreciation growth on their homes. The analysis tracked home purchases beginning in January 2006.
Here are where the luckiest home buyers in America live, and when they purchased their homes:
Choose any date range from the table above, and the rate of return is a nice boost to your bottom line.
Before you say, “I can’t afford a house” or “I don’t have the down payment.”
Ask yourself, “How can I make real estate a part of my overall portfolio?”
Here are a couple of ideas to get you started:
Airbnb: a couple of rentals over a month can go a long way towards covering part of the mortgage payment.
Rent out a room.
Rent out your garage for parking especially if you live close to and area where parking is limited.
Borrow from your parents or someone else. In many cases, you can repay at an interest rate that is more than what they currently earn on a savings account.
Note the passive income stream you created in the first three bullets. In the fourth bullet, you provide a passive income stream.
If you buy right, (please consult with a professional), this asset should appreciate over time and can serve as an asset that provides additional income.