The Worthwhile Investment of Real Estate

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Today we are excited to be talking with a very special guest, Joe Fairless. Joe is an experienced real estate investor who has built his wealth through real estate investments and he hosts a radio show, “The Best Real Estate Investing Advice Ever” where he offers his insight into the investment world of real estate. Joe knows and understands the importance of investing in real estate property, and he is here today to talk to us about why it’s such a great way to grow your money.

Generally speaking, investment property is a great way to diversify your portfolio of investments and offer many tax benefits as well. Paying down your mortgage payment each month builds equity and if you are renting your property out, the home can pay for itself in no time.

One easy way for someone to get started in real estate investment is by purchasing a 2-4 unit condo or townhome. You can live in one unit while renting the other out, effectively covering all your mortgage payment and even generating some positive cash flow based on what your rental rate is. Anytime you can be rent- or mortgage-free while also saving up money for your next purchase, you should do it.
Real estate investing isn’t as easy as buying a home, renting it out, and eventually buying another. It takes a lot of knowledge and discipline to be successful. When Joe was just starting to learn about investing in real estate, he dove deep into books like Investing for Dummies. It takes a lot of hard work to be as successful as Joe is, but if you have the right mindset and work ethic it can be lucrative.

We would like to thank Joe for taking time today to join us. If you have any questions about real estate investing or any other real estate related questions, give us a call or send us an email. We would love to speak with you!