I remember the conversation vividly.
We were on a conference call with a Real Estate consultant company a few years ago.
This company’s main business was/is to attract investors to their platform and then help them buy property in Central Indiana, along with a few other markets around the Country.
Many of those Clients then used us to manage the homes.
The President of the company was part of the call, along with all of his lead people.
Who the Company is isn’t important, because you likely haven’t heard of them.
At any rate, we were discussing various topics when he went into full sales mode…
“We preach to our Clients that real estate is the best investment of all.”
OK, I thought, I can get behind that statement.
“Our Clients love cash flow.”
Who doesn’t, I thought.
“And so, we tell our Clients that owning rental real estate is like owning an annuity: you get a set amount of money each month and then you also get the long-term appreciation. It’s the best of both worlds.”
Whoa, whoa, whoa.
Real Estate is like an annuity?
In what world?