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Today, I want to share an important rule when it comes to real estate investing. This is the rule of 72.
This rule states that if you divide the interest rate you get on an investment by 72, you will find out how many years it will take to double the rate of your investment. Additionally, if you divide the number of years by 72, you will find what type of rate of return will double your investment.
Right now, many people in Southern California think real estate is much too expensive. However, the average rate of return on real estate investments is around 5.5%-6.5%! In fact, if you leverage your money right, using the rule of 72, you can double your investment in less than three years.
If you have any questions about investment opportunities in the area, don't hesitate to reach out to me. I'm always available to help.
