Manage episode 345965779 series 2870218
In today's world, more and more people are looking for ways to create passive income. One way to do this is through real estate investing. I had the pleasure of sitting down with Charlie Wessel, an Entrepreneur Of 15+ years and a real estate investor who has been successful in creating passive income through real estate. Here's what he had to say:
Real estate investment is a good investment even with the recession for certain reasons. One reason is that people will always need a place to live, and businesses will always need a place to conduct their operations from. Consequently, there will always be a demand for real estate, regardless of economic conditions. Another reason is that real estate tends to be a relatively stable asset, meaning it doesn't fluctuate in value as much as other assets such as stocks and bonds. This stability makes it an ideal long-term investment, particularly during periods of economic turbulence. Finally, while the value of the real estate may go down in a recession, it usually doesn't decline as much as the stock market. This means that investors who diversify their portfolio with real estate are less likely to experience significant losses during an economic downturn. Ultimately, these factors make real estate investment a good choice for those looking to diversify their portfolio and protect their wealth during times of economic uncertainty.