Almost everyone I know that has inherited substantial wealth from their parents has done so through real estate that was bought and held. Is this always a formula to get rich? No, but with the right purchases, in the right areas, I believe investing in real estate is a good strategy for building wealth.
The key is the buying right and the ability to hold through the ups and downs of the economy. It goes without saying you also have to have the stomach for dealing with tenants.
Jeff Brown at CNBC shares my perspective and provides some thoughts on how real estate can play a role in a retirement portfolio. Click here for his article.
Avoiding Capital Gains When Selling a Residential Property
