UGANDA, Kampala | Real Muloodi News | When it comes to cash investment in real estate, obtaining land and planning how to use it are the essential requirements. One can choose to purchase land, let it appreciate over time, then resell it; lease it; or develop it by constructing rental houses, establishing a farm, and so on.
Warren Buffett once said, “risk comes from not knowing what you’re doing.”
In fact – Andrew Carnegie once said, “Ninety per cent of all millionaires become so through owning real estate.”
And then a Hebrew proverb states, “He is not a full man who does not own a piece of land.”
So there are a million reasons why everyone should invest a portion of their earnings in real estate:
The amount of the surface stays unchanged while the world’s population grows exponentially every year. Corollary, there will always be a need for limited and unchanging land, making it exceedingly costly.
“Buy land, they aren’t making any more of it.” – Mark Twain.
Real estate does not lose value. Prices will inevitably rise in the long term owing to the limited supply. Everyone aspires to possess git, but not everyone can.
“Everyone wants a piece of land. It’s the only sure investment. It can never depreciate like a car or washing machine. The land will only double its value in ten years,” – Sam Shepard.
There is a significant recognised housing crisis/deficit, which allows investors to profit. Statistics suggest that by 2050, over 400 million Africans will be living in urban areas. Around 80% of residents in Kampala, Uganda, are renters.
No Skill Needed
This area demands only a few talents to invest and maintain—all you need to do thorough research before purchasing land or property.
“We don’t have to be smarter than the rest. We have to be more disciplined than the rest.” – Warren Buffett.
Little Financial Investment Required
The size or property value determines the magnitude of the capital investment. Consequently, you don’t need a lot of money to get started. Although purchasing property will cost money, it is a step that you may begin gently and complete in the shortest time. You may start saving for it right now.
Earnings from Passive Activities
Rental income is semi-passive, but it may be turned passive by working with property management businesses. You’re ready to make money after owning a home and renting it out. So, the investment provides financial insight.
“Landlords grow rich in their sleep.” – John Stuart Mill.
Real estate is one of the most easily accessible assets for leveraging and building massive wealth. You can receive a loan by mortgaging your home and utilising rental revenue to repay the debt.
To invest in houses, you will first acquire land; thus, prepare to purchase a plot of land immediately.
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