Myles of Investments

Read about my successes and failures. Learn from my experiences and gain insight without losing any cash!!!

Lesson: Catching a Falling Knife
Lesson: Currency Exchange
Lesson: Mutual Fund
Lesson: Paid to Wait
Lesson: Pricing in a Downturn

This is where you’ll find find my Blog. I will comment on the latest news relating to investing, real estate, and the financial markets.

Real Estate

Real estate is a tried and true method for building wealth. There is no easier way to gain the scale of leverage available, than through owning real estate property. You can maximize your potential gain on relatively small amounts of money through the leverage available to a real estate investor.

The best part about owning real estate is that each month you are closer to never having another payment, and each month you own more equity in the property. Be sure to think about how and when to buy and sell. When real estate markets are strong and prices are rising higher than expected, sell, because you will get top dollar for your properties. If the real estate market is weak, and prices are low, buy because you can find a great deal.

When looking at the lists of the most successful and wealthiest people in the world, there are many who have made it big, by owning and building wealth through real estate. I suspect they all got started with one property and grew their empire from there. Banks typically prefer to lend money for a real estate purchase over a business loan, because for them it is safer, as the property is their collateral. If banks like lending money this way, then why not let them! Take it and use it to your advantage, to build your own portfolio of high quality properties that will grow your wealth. Most importantly, never forget that it is always location, location, location, and then everything else!