Between passive income potential, long-term appreciation, and tax benefits, real estate remains the preferred investment of the rich. Even better, real estate can make everyday investors millionaires. Knowing how each of them works will help you maximize your profits. There are many books and resources you can check out that will also help you learn about investing in real estate.
It's also a good idea to get advice from others who have been able to do so successfully. And if you can find someone to advise you, that would be even better. Ninety percent of all millionaires do so through real estate. More money has been made on real estate than on all industrial investments combined.
Today's wise or salaried young man invests his money in real estate. One of the biggest tax advantages of real estate investing is that you can defer capital gains tax each time you sell a property for the purpose of buying a new one. The government decided long ago that it wanted to encourage real estate investment, so there are many benefits that help people substantially reduce their taxes, including depreciation, mortgage and property tax deductions, the absence of self-employment taxes on income from rent and more.
