The secret perks I have discovered from investing in real estate.
April 3rd, 2023, By Dr. Brett Levine
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When I came out of training, like many doctors, I was on a bullet train to catch up on many life goals that I considered distractions from my laser focus on my training.
I wanted to:
find a life partner,
buy a home and
start a family.
When we bought our first home, we slowly fixed it up for our needs. We replaced the shag carpets with flooring. We cleaned up the paint colors. We improved the shrubbery. We enjoyed creating a home for our family and lives. Over 5 years, we raised our 3 kids and celebrated many happy occasions.
I discovered 3 practical gains from real estate:
- After renting for 20 years, I had a sense of pride in owning my own home and making decisions to improve it.
- Compared to investing in stocks, I enjoyed being able to see my investment and understand its use through my life experience.
- Paying my mortgage rather than rent allowed me to take the same money and create equity for myself rather than someone else.