Real estate has made more millionaires in the United States than any other investment class. So why doesn’t everyone invest in real estate? Simple answer. Real estate investing is not for shortsighted individuals. It’s a marathon, not a sprint. It takes patience, dedication, commitment, and hard work over a long period of time to be successful in this business. Unlike the stock market, real estate doesn’t appreciate overnight. You tends to see the benefits (appreciation, cash flow & debt reduction) slowly year-over-year, but with a lot more consistency and stability than the stock market.
We live in a world where people are addicted to instant gratification. If they can’t have it today, tomorrow or this week than it doesn’t interest them or hold their attention. That’s not the way it works with real estate investing. You have to be able to think long-term. You have to be able to make a few sacrifices today to live a better life in the future. You have to be able to look 10 – 20 years down the line and say “this is the life I want to live and real estate can get me there”. Most people never stop to think about where they will be or what they’ll be doing 10 years from now. Will you?