Sanan Sanani Shares Why You Should Consider Real Estate Investing In Your 20s
Industry: Real Estate
Real estate business remains the most coveted and in-demand industry of all time. No matter what happens, be it famine, drought, war or the Coronavirus, property is unquestionably the most valuable asset. Now, the question remains why is not everyone involved? And why some of those who own property are not benefiting much from it?
Central (PRUnderground) March 25th, 2020
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Real estate business remains the most coveted and in-demand industry of all time. No matter what happens, be it famine, drought, war or the Coronavirus, property is unquestionably the most valuable asset. Now, the question remains why is not everyone involved? And why some of those who own property are not benefiting much from it?
Fear not! Sanan Sanani, who is a young and successful real estate investor and entrepreneur, has the right answers to these questions. So stick around.
What is Real Estate Investment?
Real Estate investment to Sanan is basically similar to so many other types of investment, but different. Here is how:
Let’s consider investment in other fields. Say, you put your money in the stock market. Where could that go wrong? You should always keep an eye on the market and wait for other people, the president, China, war in the Middleeast and things like that to determine your future. Let’s not even start talking about the Covid-19!
Sanan wonders how people can simply sit around and let their lifetime savings be play around with the events we mentioned above? It is simple. We are told that the stock market is great and it defines everything. Even though we all know it doesn’t
Now, you might ask yourself how real estate is different. I mean we have heard the news about the collapse of markets and prices booms in the last 20 years or so. Sanan answers and invites everyone to go and compare the values for themselves.
There are several areas you can invest in. Currency, gold, stock market and so on. None of them are as consistently valuable as properties. Properties are always needed. You have a house in the country, it is valuable. You have an office downtown,it is valuable. No property would simply lose value. You may not win much in the short run, but definitely you won’t lose anything, even if there is a war or other calamaic issues.
Why should you Invest in Real Estate in your 20s?
Let’s go back to the million dollar question. “Why doesn’t everyone win in real estate?”. Sanan puts it down to the timing. It is all about when you start. This is one of those cases where the early bird catches the worm.
Sanan is probably the best person to answer the question because of the fact that he is the one who actually did it. He is still in his 20s and he is already established himself in two of the most dynamic real estate locations, Dubai and Tbilisi. He asserts that when you do it in your 20s, you are less likely to waste and lose a lot of money on adventurous investment like Bitcoin and your favorite Brand’s stock market.
Secondly, property is constantly rising in value. So let’s say, you have 80,000$ when you are 22. If you invest in a property by the time you are 30 you would’ve made the money back from the rent and the property would be worth 90,000$. But if you had kept it cash till the time you are 30, that 80,000 is most probably gone or even if you managed to maintain that somehow, properties are no longer in that price range.
Bottom Line
The bottom line is, you are less likely to win big in most other businesses and investing your money in random fields brings about so many risks. Purchase your property before it’s late. Although it is never late to put your money in the real estate industry, an investment at 25 will bring a lot more weight to your bank account at 40 than when you do it at 35.