These Top 7 Powerful Tools Can Create Legacy Wealth from Real Estate
“Buying real estate is not only the best way, the quickest way, the safest way, but the only way to become wealthy.” – Marshall Field
Marshall Field was an American Entrepreneur who lived in the 1800’s. His quote was obviously made in an era before tech stocks, hedge funds and excess money printing by the Federal Reserve. However the principal of owning real estate to become wealthy still holds true.
Real Estate is arguably the best asset class if you want to build enormous wealth. While you may have heard of real estate investors such as Donald Trump, or Sam Zell, there are countless more who are relatively unknown and are just as wealthy. Many of these investors prefer to live in relative obscurity.
What I want to show you are the 7 powerful techniques that these real estate tycoons were able to use to build their enormous wealth. While most of these techniques apply to both real estate investors and homeowners, there are more benefits from owing real estate as an investor rather than a home owner.
The 7 reasons you should own real estate as an investment:
Real estate is one of the few assets where you can use enormous amounts of leverage to own the asset, and banks will happily lend it to you. Leverage is a way to amplify the returns you receive on that asset, in both directions. Leverage is both beneficial and dangerous, so make sure that leverage is working in your favor.