No one can deny the attractiveness of a large pretty home. Majestic entrances, grand staircases, and opulence as far as the eye can see is a respectable and a very attainable goal. But, if you are trying to grow your wealth is it the best place to deploy your hard earned money? Most likely not, or at least not right now. Remember what Robert Kiyosaki said in Rich Dad Poor Dad– “Your home is not an asset.” Sam from FinancialSamurai.com spells out why he thinks multifamily is a solid investment. Check it out below, and let us know what you think.
About the Author: Sam began investing his own money ever since he opened an online brokerage account in 1995. Sam loved investing so much that he decided to make a career out of investing by spending the next 13 years after college working at two of the leading financial service firms in the world. During this time, Sam received his MBA from UC Berkeley with a focus on finance and real estate. He also became Series 7 and Series 63 registered. In 2012, Sam was able to retire at the age of 34 largely due to his investments that now generate roughly $200,000 a year in passive income. He spends time playing tennis, hanging out with family, consulting for leading fintech companies and writing online to help others achieve financial freedom.
FinancialSamurai.com was started in 2009 and is one of the most trusted personal finance sites today with over 1.5 million organic page views a month. Financial Samurai has been featured in top publications such as the LA Times, The Chicago Tribune, Bloomberg and The Wall Street Journal.