By the time we reach 2020, will there still be such a thing as being an “asset free agent?”
Probably not, but the saying is true: “An asset free agent is one who buys real estate with his or her money.”
Today there are many different types of houses that are on the market. Many people have found their dream home. Others have managed to find real estate that they can buy for less than it’s worth, and then they turn around and sell it for more.
Then there are those that buy real estate and then sell it at a profit for a profit. That may be an asset free agent too. Those that make the most money and get the best return on their investments, are real estate investors.
And yes, there are others, too, who are buying up the whole market and leaving it to the next generation to pick up the pieces. Don’t think of it as saving the world, but look at it as just another investment. It may sound much less risky than trading stock or commodities.
So, by the time we reach 2020, should you still be an asset free agent?
No, but if you have time to go through all of your assets, you may find some diamonds in the rough that you can buy up with your own money.
Asset-free investing takes some work, though. You must understand what your real estate investment is. You also need to do your homework, especially when it comes to finding those gems that could turn a profit. After all, sometimes you’ll stumble across something that isn’t worth much, and then the next thing you know, you’re selling it for hundreds of thousands of dollars!Of course, the good news is that if you’re buying up real estate now, you have to take some time and really get a feel for the market, and the trends, before you jump in. Once you’ve found the best deals, the next thing you want to do is to make sure that you keep those deals, and get them all out of the way, so that the market isn’t jammed up. After that, it’s about timing, and you can get a jump start on 2020 by looking at what’s hot, and putting your money to work on that.
And if you’re in the market for something that’s going to make a profit and move quickly, by the time we reach 2020, it’ll be up and moving. With real estate as volatile as it’s been lately, you may be able to make a killing if you can find it when it’s still undervalued, and then sell it for more than you paid for it. But, to be sure, do your research.
If you’re looking at an apartment, do some research into where it might be located in the future, or what’s being built in the area, because that could be a deciding factor. If you’re looking at condos or townhomes, again, ask questions.
Are they anywhere near anything other than the new apartments?
You want to be sure that the area is safe, especially if you have kids, or plan to live close to your own front yard. If you’re looking for a house that will be all of the above, then you can do a good job assaying the real estate market in 2020.
And, yes, it may cost you more, but if you think about it, that’s a small price to pay for assaying the real estate market in 2020. You could be a billionaire and not even buy a dollar’s worth of assets. The point is, once you find the hot spots and see what’s happening, you could be a millionaire in a hurry.
So, as we move forward into the future, here’s my advice for the asset free agent. There’s plenty of investment opportunities in real estate today, especially since the global economy has cranked up the pressure on us. on how to create wealth, and the smartest asset free agents are capitalizing on those opportunities today.
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