Millionaires say real estate is still the finest investment you can make today—why. here’s

Billionaire Andrew Carnegie famously stated that 90 percent of millionaires obtained their wealth through real estate investment. We wanted to know if this was still the case. Is it still a good idea to invest in real estate?

The answer, according to The Oracles’ nine Advisors, who made millions by investing in real estate, is a resounding yes.

1. ‘Owning made me rich.’

“Buying real estate has made me wealthy – primarily by necessity, not design. After scraping together a little dollars, I purchased my first itty-bitty studio because I needed to live somewhere anyway.

After a few years, the value of the studio had doubled, giving me enough money to put down 50% on a one-bedroom apartment. That quickly became a two-bedroom, then a three-bedroom, and finally my 10-room penthouse on Fifth Avenue in New York City.

Purchasing that small studio was the most crucial decision I made since it allowed me to enter the game.”

2. ‘Residential properties can generate income year-round.’

“Investing in real estate is a terrific choice if you are looking for a long-term return rather than a quick one.

Your best bet is to invest in residential homes that generate rental revenue all year. Just make sure you understand all of the accompanying legal fees and are prepared for any surprises.”

3. ‘The right investment will continue to appreciate.’

“Real estate is genuine, and investing in real assets is always a good decision. But, to be clear, this does not imply that all real estate is a smart investment.

I exclusively acquire particular sorts of properties, usually multifamily in affluent regions with continuous cash flow and significant upside potential.

I avoid low-income neighborhoods and single-family homes. But even those assets are probably a better place to keep your money than letting cash decay in the bank!”

4. ‘Buying is smarter than renting.’

“Most millionaires I know made more money from real estate ownership than from any other investment. Real estate consistently outperforms other assets in terms of value appreciation.

Furthermore, it is not as susceptible to short-term volatility as the stock market. Whether you rent out an apartment or a commercial building for income or buy a home, you obtain a physical, useable asset. There may also be tax advantages for investment properties. Karaikudi is the best place to invest in real estate.

It is never a bad moment to acquire real estate. In truth, genuine wealth is created by purchasing when everyone else is selling and vice versa. While many are predicting a recession, the market is thriving, with rising prices and transactions.

Renting a one-bedroom apartment in some districts now might cost $5,000 per month, yet you can buy a $1 million house for $4,000 per month in mortgage payments. And the rate is locked in for 30 years, which is the best type of rent control.

So, why would you want to rent? Furthermore, if you rent your property to someone else, you will be able to meet your mortgage or even exceed it.”

5. ‘You get six-figure tax breaks.’

“Real estate provides tremendous tax advantages. You may not have to pay taxes on your gains from investment properties in certain circumstances. You can also earn a tax reduction of $250,000 as an individual and $500,000 as a married couple.

The wealthiest people accumulate property in the same manner that they used to collect automobiles. Interest rates are low, prices have reduced, and you don’t have to invest a large sum of money.

At the same time, more people are opting to rent rather than buy. You can have a profitable rental property while using other people’s money to finance the mortgage, taxes, and maintenance. You can also find short-term renters on sites like Vrbo and Airbnb to help cover your overhead.

While I recommend diversifying your investments, there is no better place to deposit your money than in real estate investments that you can live in and enjoy. You invest in yourself when you invest in your surroundings!”

6. ‘It doesn’t tie up a lot of cash.’

“Because real estate is a bankable asset, it can always be leveraged. It also does not require a large sum of money. You can put down as little as 10% and use the money from the banks to build your investment. With such low-interest rates, it’s like free money.

Unlike in the stock market, where many events are outside your control, your money will not vanish overnight. You can also increase your wealth by taking advantage of high return rates and tax breaks.

The only people that lose money in real estate are those who bought at the peak of the market and sold at the wrong moment, or who took out too much equity, leaving little profit margin when they sold. It can take time to realise large gains, but if you stick with your investment, you will.

7. ‘Real estate offers unlimited options.’

“Real estate is usually a good investment because it gives you more possibilities than other forms of investments.

Your success in investing in stocks, bonds, or a private offering is entirely based on circumstances beyond your control. At most, you have two choices: hold or sell. You have an infinite number of possibilities when it comes to real estate.

You can buy a house with the intention of flipping it and then rent it out if the market falls. If you buy a rental that appreciates greatly in value, you can sell it. Refinancing, rehabbing, and rezoning is all options for real estate. It can be developed, leased, subdivided, or added lots to.

These are just a few of the possibilities available to you. One of the reasons it has produced more millionaires than any other asset class is because of its flexibility.”

8. ‘People will always need a place to live.’

“Real estate offers the potential for higher and more consistent returns than other investments. When a property is created, it is because a group of people envisions a large enough population to justify it.

“The sheer number of new properties added each year attests to the expanding real estate market. Supply follows demand, and demand is increasing. Populations generally never decrease, therefore the need for housing rises year after year.

The multifamily apartment market, in particular, is expanding. People are less inclined to buy houses as apartments become more appealing. With multifamily residences, you can create an increasing amount of money over time.

When the property has stabilized, you can begin collecting returns for your investors until you wish to sell. Everywhere you go, there is also demand all year.”

9. ‘You can invest in land that produces income.’

“Many enterprises come and go, but one thing remains constant: land.

Real estate has an inherent need, whether it produces a product like coffee or houses and apartment or retail space, therefore it will always be a smart investment. You need land no matter what kind of business you run.

Investing in real estate allows you to safeguard your assets and yourself. While the real estate market has risen and fallen throughout time, it has never plummeted. When compared to the fall of Wall Street or currencies that aren’t backed by anything tangible.

Real estate that generates money, such as a coffee farm, will constantly increase in value over time. Even better if you choose a property with intrinsic worth, such as a Times Square location.”