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Real estate is considered one of the safest long term investments you can make, and it helps diversify your portfolio! Whether you are a first time buyer or a savvy investor, buying a home in any state is usually considered a good investment.
The government statistics show that
the NATIONAL AVERAGE of the value of real estate across the board
from Boston, Massachusetts all the way to Orange County, California,
has never went down in value. Sure, certain areas have their
ups and downs, but that is the nature of real estate. If you
invest for the long term, you'll always come out ahead.
After the market appreciates on your first or second home, you can continue to leverage your equity in each property to acquire another. By doing this you are taking no money out of pocket, and you are using leverage from your current property (or properties) to buy others. The more real estate you can acquire without taking cash out of your other investments, the better.
These philosophies are explained in
great detail in two of our favorite books: "The Automatic
Millionaire Homeowner," by
and "Real Estate Riches" by Dolf
de Roos. (Email us and we'll
give you a copy. Yes, GIVE) If you're local to Orange
County, you can go get a FREE dinner or consultation on the subject
by one of our trusted
lenders, Derek Beisner, and our absolute favorite financial
advisor, William Jordan.
for an online video of Gary Watts, Economic Forecaster and
Advisor to Realtors!