I’ve said it once, I’ll say it again: Real estate investment is an incredible financial tool.
Why use the term ‘tool’? Because a tool can be used to help you do the job you want when you need it. You might need a little instruction and practice to use it properly and with as little risk or harm to yourself as possible (ever bang your thumb with a hammer?!) but ultimately, a good tool can help leverage your time, effort and money to get a job done more quickly, efficiently and effectively.
And as any artisan or craftsman knows, having the just the right tool for the job can make a huge difference. But a tool is just a thing. It takes the energy and know-how of the person using it to make it work and to get the most out of it. It’s also important to have as many different tools in your toolbox as possible – so that you can pull out just the right one exactly when you need it.
Real Estate Investment is a very versatile financial tool. It can be used in different ways to accomplish different results. If you can only carry or learn to use a few tools, it makes sense to pick ones that can be applied in as many situations as possible.
Investing in real estate as a financial strategy makes sense for many different reasons, including: