Basically, here's why it's better you keep investing on online stuff multiple times instead of investing all of your savings on a down payment on a single piece of real estate that hopefully was the right decision.
Here's some context on my argument you should start investing and learning about online assets: I own 2 houses with a total of 7 rooms for rent. Three years ago though, I got sick of too many angry tenants and unprofessional contractors that didn't show up. However, I will admit, the houses can appreciate meaningful amounts if you buy in the right neighborhood, and it's possible to net several hundred or comfortably above $1,000 each month on each house!
But like I said, I'm over real estate. I had been investing in domain names, and for the past 3.5 years I've been doing online marketing with Handshakin' full time. And after 2 years of working with clients, we started building our own WEB ASSETS.
What's a web asset? A domain name. That's the land. A website, that's the house. You can increase it's value, and make it desirable to your target customer--or the way I see it, renter. Because I won't rent my websites if you don't respect the house and pay on time.
One of our 39 web assets 'for rent' is Fort Collins Concrete Contractors.
Just successfully more than doubled the 'rental price' we were charging -- it generates monthly phone call leads for a concrete contractor and now that price is for the first time higher than my most expensive room for rent!
More exciting news:
1. We have 38 other live websites. 19 performing similar to this one, and 19 that we expect to be performing similar within another 6 months..
2. Our monthly cost per website is 8-12% of what the customer pays. Where a room for rent, the mortgage alone would be 60-80% of what the customer pays.
3. I'm in Philippines and already hired a phone account manager, and still need to hire an SEO manager. Hitting up the #digitalnomad option of this career.
I think we're going to hit our sales goal this year if we just keep on working hard! I'm excited! Anyway, send us an email with questions about what you're investing in!