Real estate has long been considered an attractive investment option for wealth creation and some of the world’s wealthiest individuals are no stranger to this fact. In fact three out of the five richest people in the world are currently in the real estate industry. What they’re doing From buying vast amounts of land to investing in cutting-edge technology, these billionaires are setting themselves apart in an area that has been a cornerstone of wealth creation for centuries.
Veteran investor Warren Buffett is betting on a strong recovery in the housing market. His recent purchase of 1.25 million shares in Louisiana-Pacific Corp reflects his belief that the housing market has bottomed out.
Berkshire Hathaway’s latest SEC filing shows that a 7% stake in the homebuilding solutions company is worth $417.1 million, indicating that Buffett sees value in the firm, which could see growth as the housing market improves.
This most recent move highlights Buffett’s obligation to putting resources into organizations that stand to profit from long haul patterns, for example, expanded lodging interest in the years to come.
With his track record of successful long-term investments, his bet on the housing market could be a positive sign for the sector, as the broader economy and new entrants make it possible for individual investors to gain minimal exposure to the real estate market. Capital.
If Buffett’s bet is correct, investing $100 (or more, depending on your appetite) in a rental property could prove to be a smart play.
Amazon.com founder Jeff Bezos is no stranger to investing in the housing market — he backed a company that allows investors to buy shares of single-family rentals in neighborhoods for less than $100.
The Bezos-backed company, which had other investors including Uber Technologies Inc CEO Dara Khosrowshahi and Salesforce Inc co-CEO Marc Benioff, buys properties with the highest appreciation potential, which are then listed online where non-accredited investors are a click away. Are. Are. Are. Earn passive income through rent while their shares grow in value.
Mostly known for his acquisitions of electric car company Tesla, space exploration company SpaceX and most recently Twitter, Elon Musk is eyeing a new income stream derived from real estate.
Musk may partner with construction firm Lennar Corp to build residential areas for the employees of his companies.
The project, dubbed “Project Awesome,” in Bastrop County, Texas, near the Boring Company and SpaceX facilities, will include 110 homes. The region has previously been supported for improvement and will address a developing requirement for lodging nearby because of the a huge number of occupations made by Musk’s organizations.