I am an electrical engineer, patent attorney, and real estate investor. I have been buying and selling real estate over the last 20 years. I built up enough real estate rental income to leave my full time position as a partner in a law firm several years ago. The formula to building wealth in real estate is simple: leverage plus appreciation, with enough cash flow to cover your expenses. Deficit funding of government operations has an inflationary effect, causing the cost of housing to rise over the long term, as the number of dollars in circulation increases and the value of each dollar declines relative to hard assets. Fed manipulations can cause recessions and housing crashes at times, but the long term trend is inflation and appreciation. I own real estate in four countries and have learned a lot. I was recently featured in Fortune Magazine (September 2024).
At present, the U.S. has the most affordable real estate in the world. Rent versus price ratios are the highest in the world. Taxes on rental income are some of the lowest in the world. On the other hand, more and more cities are transitioning from seller’s markets to neutral or buyer’s markets. Cap rates are at record lows. My goal here is to help people smartly buy rental income real estate and grow richer. Let me know if you want help buying rental property or coaching. I am in Cheney, WA, but if you need help in another city, I can try to help you find a real estate agent who works with investors.
This site does not give legal, tax, economic, or investment advice. disclaim all liability for the action or inaction taken or not taken as a result of any posts here. Nobody can predict the future. These posts should be considered to be informational only, and are based on many different sources of information, sometimes with opposing viewpoints. Each person should consult their own counsel, accountant and other advisors as to legal, tax, economic, investment, and related matters concerning Real Estate and other investments.