Real Estate Invesment

Build Your Net Worth With Home Ownership

How Owning Real Estate Builds Your Net Worth

Investing in real estate is a significant milestone and both a financial and personal achievement to take pride in. The equity you build as a homeowner gives your net worth a big boost, and if you own multiple properties, you can look forward to monthly rental income as well. With interest rates and inflation at record highs right now, the link between owning real estate and building wealth is critical.

“On average some properties in the Chicagoland area have seen their values increase by 30% since 2019.  That means that a house that was valued at $300,000 in 2019 can be worth as much as $400,000 today.  The owner increased their net worth by $100,000 without doing anything other than owning the home. If they owned a rental property in addition to their primary residence, their net worth increase would have doubled to $200,000.” -Amy Kite

If you’re looking to increase your financial security and plan for the future, now is likely a fantastic time to start your journey toward homeownership and real estate investment.

Pro Tip: Owning a Home Is a Key Ingredient for Financial Success

It’s no secret that real estate is one of the first places financial pros recommend investing, but have you seen the data to back those recommendations up? A recent report from the National Association of Realtors (NAR) details recent homeownership...

How Real Estate Can Help You Build Wealth

Everyone should invest in real estate if they can and here’s why. 

Investing in real estate is one of the best ways to build long-term wealth, so it’s no surprise that I have a passion for it. I invest in real estate in pretty much every way I can, including flipping. However, I prefer to hold onto my properties.

Look at it this way. Housing appreciates by 4% every year on average. That means that if you invest in real estate, your wealth will double every 10 years.

As an example, I recently purchased a property for about $43,000. I put $15,000 into fixing it up and rented it out. However, I discovered I could no longer rent in this neighborhood because zoning laws had changed.

This may seem like a disaster, but real estate always has a plan B built into it. If you ever decide you no longer want a property, you can always sell. In the end, I sold the property for around $90,000 and made a nice profit.

When investing, make sure you always have a plan A and a plan B. If you have questions about today’s topic or anything else, please call or email me. I am always willing to help!