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Most rich people ether made their money in real estate or they held much of their wealth in real estate after they made it. Rich did too. Although he made a lot of money in his businesses and form playing the stock market, he parked his wealth in real estate. There are many reasons the rich do this.
Tax laws encourage the rich to invest in real estate.
There is greater leverage in real estate. A rich person can become even richer by investing with their baker’s money.
Real estate gives the investor much more hands on control over their assets.
It is a much safer place to park money, if the investor knows how to manage money and property.
The income from real estate is passive income, the least taxed of all incomes. If there are capital gains from the sale of a property, the capital gains can differed for years, allowing the investor to reinvent with what normally would have been the government’s tax money.
