Multi-Family – Safe Investing For The Future
Every week under the Trump administration it seems like the stock market is setting a new record, but talking heads would be the first to tell you “that’s not helping the average American.”
Yes, it’s true, not every American benefits from a roaring economy, but a lot of that is due to the fact that most Americans don’t invest. Even those that do invest only seem to invest what their company matches on a 401k, and not a penny more.
We have no problem SPENDING money on frivolous things like fancy clothes, vacations, and a seemingly endless list of items that are not making money. However, when it comes to investing money, Americans as a whole fail, big time.
There are a lot of reasons people don’t invest:
1. They don’t think they have enough money
2. They don’t know how or what to invest in
3. They think investing is a rich person’s game
Here’s the thing: investing your money is how you get rich.
People don’t get rich off their salary. That’s just a fact.
Sure, there are the very very small percentage of people with seven-figure salaries, but the majority of Americans don’t live in that world. So, what are these people left to do? How can they create wealth?
World renowned businessman and real estate mogul Grant Cardone says that owning property is the best way to build your wealth, but it isn’t ownership in the traditional sense.
“A home is not an investment,” he says. “Because it doesn’t pay you each month — you have to pay it.”
“It’s a liability to me, not an asset. Not only does a house leave you less mobile, it ties up your money so you can’t use it for real assets.”
If a home is a liability, how do you go about attaining assets that will make you money?
Cardone says that multi-family investing is one of the wisest choices you could make for your financial future.
“If you go into multi family real estate investment the right way, over the next decade it could be the best investment strategy of your lifetime — and I put my money where my mouth is. I currently own almost 5,000 apartments and will soon have over 10,000. They are not building enough multi-family apartment buildings to keep up with demand.”
This is why organizations like The Community Spotlight exist. While most people can’t afford to put down millions of dollars on properties, The Community Spotlight allows folks to invest in real estate in smaller amounts who otherwise wouldn’t be able to.
While traditional single-family properties must be totally occupied to make money, multi-family properties like duplexes, condos, and apartments, are still making money even when some occupancies remain vacant.
To find out more information on multi-family investing, follow The Community Spotlight on Facebook, or visit their Facebook Page