Real Estate Investing for Retirement: The pros and cons
As people think about ways to generate income (others than just having a job), real estate investing has started to prove a very lucrative options for many. Hence the renewed interest in commercial or residential properties that can be used to generate more money. Investing in real estate is clearly not cheap and far from simple, but it can bring in some amazing results, if done right. Let’s try and see which are the main pros and cons of investing in real estate: The pros of investing in real estate You have full control over your investment When you are investing in stocks or Forex for instance, you have little control over the ‘object’ of your investment. But, when you own a property .. well, you own it. Investing in stock for instance means you own a bit from the company and have nothing to say about how it should be managed. It’s different with real estate, since you’ll call the shots from the day you own it. This allows you to make repairs, better promote and get the best deals possible. You get insurance for your investment Another perk of real estate investing is that the property comes with a homeowner’s insurance or landlord insurance, whatever option you choose for your property. Should anything go wrong, at least you are being covered and your property won’t suffer devaluation after an accident. Even if the market value shifts, your equity is still there. More difficult to be defrauded When it comes to stocks, the chances to be defrauded are bigger than when you invest in real estate. It’s very simple to keep scammers at bay, by physically showing up to inspect the property, run background checks, assess the property before you invest in it. With stock – you have to […]
