This is according to Yael Geffen, CEO of Lew Geffen Sotheby’s International Realty, who says that not only is property one of life’s essential commodities, but unlike other popular investment vehicles such stocks, bonds and mutual funds which exist only on a financial statement, real estate is a tangible asset class.
“Even if the stock market were to suffer a global collapse and the current market value of all stocks dropped to zero, with real estate you will still have something of value on your hands,
“Real estate also offers a wide diversity of available choices, which makes it an investment option for investors on all rungs of the financial ladder, not only high net worth individuals.
“And it’s relatively easy to get started because you don’t have to do it all at once; you can slowly build up a substantial portfolio or establish a healthy passive income over time.”
The main benefits of real estate investment:
The most common investment methods, some of which are best for passive income, others for long-term growth or a hedge against inflation:
It’s also an easy way to get started in real estate without a large cash investment.
Although it’s certainly easier to invest more and to access better-quality investments when you have a bigger budget to spend, real estate offers everyone the opportunity to get started relatively easily and to build up substantial passive income slowly and progressively,” concludes Geffen. DM/ML
Yael Geffen, CEO of Lew Geffen Sotheby’s International Realty
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