Love Mbountcha, Owner Legacy Home.
What motivated you to create a real estate agency ?
Real estate investing actually gives you the opportunity to start making money almost immediately. Traditional banking options for investing funds don’t produce significant returns, with interest rates stuck at bottomed-out levels Ninety percent of all millionaires become so through owning real estate. More money has been made in real estate than in all industrial investments combined. The wise young man or wage earner of today invests his money in real estate
How beneficial are the types of real estate investment you deal in ?
Real estate is one of the oldest and most popular asset classes. There are many types of real estate investments. Residential real estate investments are properties such as houses, apartments buildings, townhouses, and vacation houses. Most residential leases are on a twelve-month basis in the United States. Commercial real estate investments consist of office buildings and skyscrapers. If you were to take some of your savings and construct a small building with individual offices, you could lease them out to companies and small business owners, who would pay you rent to use the property. It isn’t unusual for commercial real estate to involve multi-year leases. This can lead to greater stability in cash flow, and even protect the owner when rental rates decline, but if the market heats up and rental rates increase substantially over a short period of time, it may not be possible to participate as the office building is locked into the old agreements. Industrial real estate investments consist of everything from industrial warehouses leased to firms as distribution centres over long-term agreements to storage units, car washes and others. Indus...