Home prices may not appreciate – and they may even depreciate, remember 2006- 2011 – so what you think is a sure thing in 20 years may not be worth what you forecasted.
If you have too much house in your 50s and 60s and you think you are going to downsize later, downsize now. There are two good reasons for downsizing now. One, when you are younger you can handle the enervation, being drained of energy or vitality and fatigue of a house move, as well as the financial hit everyone takes when you move. Selling and moving could cost thousands of dollars and over 10% of the home value. You can handle that cost in your 60s better…
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According to a study conducted by Morgan Stanley, more millionaires today have invested in real estate than any other asset class.
While real estate investing may seem intimidating or out of reach, new technology is changing the game by increasing access and decreasing investment minimums.
To get a better understanding for how new and younger investors can begin building their real estate portfolios, I had a phone interview with Joy Schoffler, Chief Strategy Officer at Upside Avenue, a spin-off of traditional real estate investment companies that let’s the little guys in.
I recommend starting out by investing with a more conservative approach because I’ve done it the other way and lost.” “If you adopt the investment concept of compounding -- the process of increasing your return based on reinvested earnings -- you might be surprised what you could earn over time.
Don't worry about diversification -- just start.
If you are fairly conservative with your early investments, you can earn while you learn.” 3.
Technology is changing the game and inviting new players.
The additional annual filings requirements also allow investors to keep better track of their investments, which gives investors way more information about these non-traded REITs.” Information, technology and transparency are removing the intimidating shroud that has historically covered the real estate investment market -- making that leap from saver to investor that much easier for the future generations of millionaires.