Neil Shekhter - Build Equity in the Property
SANTA MONICA, CA / ACCESSWIRE / January 3, 2018 / When examining the different asset classes, real estate is generally far less volatile than shares and real estate tends to be the haven that investors flock to when other asset classes are suffering.
It is true to say that investment properties in Los Angeles can have many benefits in terms of building long-term wealth, but we must never forget that this wealth is not guaranteed!
Following the global real estate boom of the late 1980's many investors learnt this hard lesson when they found their properties were worth far less than they had actually paid for them and the bottom seemingly fell out of the over-inflated market. The bottom did not truly fall out of the market however as all real estate retained value; the real estate market simply experienced an overdue rebalance and has gone on to build from this point of stability, according to Neil Shekhter, founder and CEO of Santa Monica-based NMS Properties.
Since the booming 80's 'sensible' investments in real estate have still offered major attractions and advantages, and it is back to real estate that investors have turned in recent years.
With real estate prices in some countries soaring, and first time buyers struggling to get onto the first rung of the real estate ladder, many people are looking further a field for investment property opportunities, Neil Shekhter points out.
A recent report in the
They may be unable to afford real-estate investments and unwilling to risk their cash on the ever volatile stock market and so they are buying up fields and pastures to get in on the real estate investment game!
Others interested in property investment have been examining the real estate markets around the globe for value for money, return on investment, potential for growth and development, rental market opportunities and basic stability. With current research showing that up to one in eight Britons intend to purchase an overseas real estate within the next five years you can see that overseas real estate investment is very big business.
Neil Shekhter explained that relatively newly discovered property markets are opening up or expanding in countries such as
Properties available in
And then there are the 'old' favourites – France and Spain for example are all countries with a long history of investment real estate appeal - especially for Britons and Northern European residents looking to escape the weather and invest in a home in the sun. Whether you are looking to secure a home for holidays, your retirement or you are looking for a long-term investment opportunity these countries still offer the investor potential for real estate growth per Neil Shekhter.
When it comes to considering real estate as an investment vehicle it is a tried and tested method used for attempting to secure long term gains – but as with any investment, gains, returns and security of investment are not guaranteed. Whether real estate investment is right for you and matches your circumstances and attitude to risk is something that you need to consider.
Launching NMS Properties in 1988, Neil Shekhter assumed the role of CEO in January 1995. The real estate management company focuses on multi-family and mixed-use properties in the Greater Los Angeles area and in Santa Monica. At present, NMS properties manages more than 70 properties.
SOURCE: NMS Properties, Inc.