Real Estate is one the biggest tool to build up net worth for you. If you plan rightly while buying or selling real estate it can help to build your net worth beyond your imagination. You need to make it absolutely clear to you what is the purpose of buying a particular property. You need to understand the best use of that property whether it is single family detached house, a commercial property or duplex.
Here are a few reasons to justify real estate is a great place to build networth-
1. It PRESERVES your wealth, because it is a long term investment.
2. It can be a great source of STABLE INCOME after taking care of expenses and mortgage payment.
3 Real estate is SAFE INVESTMENT, it is not as volatile as stock market can be.
4. Commercial rental properties can be great tool for TAX ADVANTAGE.
5. Home owners have BETTER CONTROL over real estate investments than stocks and bonds.