Real estate investing offers many advantages, and investors can enjoy a steady income flow that may lead to financial freedom. An industry expert has shared the various benefits of investing in real estate.
- Land appreciates in value automobiles do not
- Land is an asset a car is a liability
- Lands will be there forever, cars won’t, over the years, they become mere metals
- A single land can be used for different purposes before being developed, a car has limited purpose
- You can lease out your land to investors for profit while it still retains its value and could even appreciate in value, same dammit be said of a car. A car is subjected to wear and tear from constant use, it might bring the profit but that’s for a limited time.
- And old property undergoing depreciation (obsolescence) can be redeveloped same cannot be said of a car, you might repaint it, but it’s value in the market would have depreciated.
- The the value depreciation of a car begins the moment you pay for it, the appreciation of land begins the moment a transfer of ownership is initiated.
You should rather invest in a property of 3 million than buy a car of the same price.
Would you invest in real estate or cars?