In the recent times, there has been a battle especially for new investors in determining whether to go for real estate or Cryptocurrency. In case you are wondering what we are talking about, we will begin by defining both terms for you so that we are on the same page.
Many people are familiar with this. Real estate refers to the business of selling properties mostly consisting of land and the buildings in it. In some cases, the business may also entail the minerals, water and other economic recourses available on the piece of land. Many people get into the business because of the lucrative deals that come with it.
What are the advantages in engaging in the real estate business?
As aforementioned, real estate is a business opportunity that most people all over the world would like to grab. Here are some of the reasons as to why this is so:
For the money:
Many people view real estate as a business where one can make money from pure passion and hard work. Depending on the rank of the real estate agent, one can make up to $200,000 annually. This good amount can change a person’s life for the better.
In most parts of the world, the government rewards rental property owners well. Apart from the government taxing the money received rentals as a self-employment job (which is much subsidized), it gives much significant tax offers to rental owners. You, therefore, get value for your money in a legal way.
You have the control of your business:
Real estate business is one that is more or less self-employed. This way, you can make the decisions that affect your business positively and be able to earn a living.
Other benefits of real estate include you have a hedge against inflation, have a considerable loan pay down and there is much appreciation in the business.
In the recent past, we cannot overlook the fact that Cryptocurrency has been gaining ground in the market quickly. Probably you have already heard of Bitcoin and Ether. These are the examples of Cryptocurrency.
What are the advantages of Cryptocurrency?
Here is why Cryptocurrency is gaining ground rapidly:
- Offers immediate settlement- with Cryptocurrency, the process of settlement is very fast. This is because there are no third parties like lawyers involved.
- Has lower fees- there are no transaction fees when it comes to Cryptocurrency and when there, they are significantly lower
- Has tight security- it is almost impossible to lose your money in this business
Both real estate and Cryptocurrency have their advantages and disadvantages. However, I think Cryptocurrency comes out on top. Being that it is a new idea in the market and people are working hard to embrace it, it is bound to be a success in the near future.