I hate to break it to you guys but I am in fact broke. I just moved back into my parents basement and this channel will be coming to an end until I no no no I’m just kidding but today we will be talking about why I put ALL OF MY MONEY into real estate.
Do I have money sitting around to spend on pointless materialistic things? No. They don’t say it takes money to make money for no reason and that is why I tend to invest all of my money back into real estate. If you want to know where you should be putting all of your money then the answer is real estate.
I have been doing nothing but that and for the reason of hitting my goal to have bought a billion dollars worth of real estate by the age of 30. So what is the thought process behind all of this?
A key benefit of real estate investing is its ability to generate cash flow. In many cases, cash flow only strengthens over time as you pay down your mortgage. Another thing is that real estate investors can take advantage of numerous tax breaks and deductions that can save money at tax time. In general, you can deduct the reasonable costs of owning, operating, and managing a property.
Appreciation is a major key in real estate. Real estate values tend to increase over time, and with a good investment, you can turn a profit when it’s time to sell. Rents also tend to rise over time, which can lead to higher cash flow. With all of that being said, I 100% stand by, and feel comfortable with, putting all of my money into real estate. It gives you a higher chance to invest and really grow your money to reach goals higher than you anticipated.
Like anything, there are always risks but as long as you do your research and educate yourself on what you’re getting yourself into you can dominate the market and hit your full potential. Now that you know where I’m investing all of my money, drop some comments and let me know where you’re investing, or maybe it’s the same?
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Allon Avgi is the Founder and CEO of AVGI. Allon started AVGI at 21 years old when he acquired his first real estate investment in Long Island, New York. Allon has since developed a diverse real estate holdings company that has reached $50,000,000 in rental properties within only 4 years using his own money and that of a select few individuals. As he starts to open AVGI’s investments to outside capital and build strategic partnerships, he has ambitiously set a target to acquire and manage a $1 billion real estate portfolio by the time he is 30 years old.