Alexandoy
VIP Contributor
When I was in high school a family friend had converted their big farm land into a residential village. My mother worked part time as an agent. That’s when I learned that real estate is the best investment because the value does not suffer depreciation albeit the value increases continuously.
However, the real estate as an investment takes a long time to gain substantial profit. That is why they advised me to invest earlier (when I was 30 years old) so that the lot that I bought would be double in value after 5 years. When I sold the lot after about 10 years in my holdings the proceeds of the sale was more than double. For real estate investment set a program of 10 years of holding the property.
However, the real estate as an investment takes a long time to gain substantial profit. That is why they advised me to invest earlier (when I was 30 years old) so that the lot that I bought would be double in value after 5 years. When I sold the lot after about 10 years in my holdings the proceeds of the sale was more than double. For real estate investment set a program of 10 years of holding the property.