Elie Hirschfeld: Net Worth and Real Estate

Elie Hirschfeld offers advice on growing your net worth through real estate investments.

Real estate income is one of the most widely relied-upon revenue streams of the financially savvy. Investment approaches range from straightforward to strategic, and nearly always offer great opportunity to enhance personal wealth. Below are a few of the best ways to leverage real estate investments.

On Personal Properties…

A cornerstone of financial success, buying your own home is a key to building net worth. Eliminating rent payments is an important step towards building up your finances, and paying down the principle on your mortgage provides the added benefit of a savings fund. Owning the property where you live has its limitations regarding the easy mobility and increased responsibility for home maintenance, but the trade-off is appreciation and equity of a home that is passively building your wealth.

On Rental Properties…

Rental properties are a significant component of the Elie Hirschfeld net worth legacy. Creating a portfolio of properties that are leased or rented provides the benefits of owning property without any accruing of personal expenses. Renting properties provides a significant income stream while you gain equity. Added to appreciation and the tax benefits of ownership, this income can be used to drastically increase your net worth.