Cristal's Blog

Real Estate Investing: Still the Best Choice Anyone Can Make

October 3, 2019

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SEE WHY 4 MILLIONAIRES AGREE

Montecito estate for sale to illustrate real estate investing

Over the last two centuries, about 90% of the world’s millionaires have created their wealth through real estate investing. That statistic was first cited by Billionaire Andrew Carnegie.

READ: 6 Ways to Build Wealth Without Touching the Stock Market

But is that lesson still true in today’s crazy financial climate? I had an inkling that it is, but decided to find out from the experts. So, I researched the topic and found that all the experts I found who spoke on the topic answered that question with a resounding “Yes!” And they recommend that the average investor start building their portfolio at an early age. Hear that, Millennials and Gen Xers? As with any and all forms of investing, it’s best to get started early so you can put time on your side and your investment will grow with you.

No matter what age you are, a good way to begin is to buy your primary residence. Your future might include investing in one of my listings, such as the exquisite Montecito Hacienda Style Estate pictured in this blog, or one of the other exclusive listings in my portfolio of fine homes in Santa Barbara.

For those who have already purchased their first (or second) home, many of my listings would make great high-end rentals.

Here are just some of the reasons and benefits of investing in real estate:

  • Build equity for the future
  • Generate Passive Income
  • Provide cash flow for retirement
  • Positive impact for the community
  • Portfolio diversification
  • Hedge against inflation
  • Tax benefits
  • Generate wealth
  • Stable investment with ongoing income
  • Provides leverage
  • Outpaces the return of classic investing
  • Provide a home for others
  • Help the local economy
  • Helps mitigate risk
  • Potential for a high rate of return

Still not convinced? Listen to these 4 United States millionaires who know about real estate investing because that’s how they built their wealth. All are Advisors in The Oracles, a mastermind group of the world’s leading entrepreneurs who share their success strategies to help others grow their businesses and build better lives.

  • Barbara Corcoran
    Founder of The Corcoran Group, podcast host of
    Business Unusual,” judge on “Shark Tank”
    “Buying real estate has made me rich — mostly through necessity, not by design. I bought my first itty-bitty studio after scraping together a few bucks because I needed to live somewhere anyway. A few years later, the studio doubled in value, giving me enough cash to plunk down 50% on a one-bedroom apartment. That soon rolled into a two-bedroom, then a three-bedroom, and finally landed me in my 10-room penthouse on Fifth Avenue in New York City. Buying that tiny studio was the most important decision I made because it got me in the game.”
  • Bethenny Frankel
    Entrepreneur, philanthropist, founder of Skinnygirl and BStrong. Follow her on Instagram
    “Investing in real estate is a great idea if you are in it for the long haul, not a quick return. Your best bet is investing in residential properties that produce rental income year-round. Just make sure you understand all of the associated legal fees and are prepared for unexpected costs.”
  • Grant Cardone
    Sales expert,
    New York Times best-selling author. Follow him on Facebook, Instagram, and YouTube
    “Real estate is real, and it’s always a good idea to put your money in real assets. But let me be clear: That doesn’t mean that all real estate is a good idea. I only buy certain types of properties, generally multifamily ones in upscale locations that provide consistent cash flow and great potential for future appreciation. I stay away from low-income areas and single-family homes. But even those assets are probably a better place to store your money than letting cash depreciate while sitting in the bank!”
  • Marcello Arrambide
    Founder of
    Day Trading Academy, co-founder of SpeedUpTrader, a funding company for aspiring day traders. Follow him on LinkedIn
    “Many businesses come and go, but there’s one thing we’ll always need: land. There’s an inherent demand for real estate, whether the land produces a product like coffee or is home to an apartment or retail space; so, it will always be a good investment. No matter what kind of business you run, you need land.
    Investing in real estate allows you to protect yourself and your wealth. While the real estate market has gone up and down, it has never declined over time. Compare that to when Wall Street collapsed or currencies that aren’t backed by anything tangible. Over time, you will always get value from real estate that produces income — like a coffee farm, for example. Even better if you choose a property with inherent value, such as a location in Times Square.”

As you can see from financial expert millionaires, real estate is still the best investment you can make. If you’re considering buying or selling a home in the area, give me a call at (805) 886-9378 or email me at Cristal@montecito-estate.com.




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Client Reviews

“Cristal Clarke has conducted numerous real estate transactions for me beginning 13 years ago with the purchase of a Lemon Ranch. She has handled both large and small purchases and sales with equal dedication. As a negotiator, you can’t find anyone better. Her transactions are always conducted in the most appropriate and professional manner. Cristal has considerable knowledge of the Santa Barbara market.”

- S.N. Decker Ph.D.

“Living in Europe, we were to say the least, unaccustomed to the nuances of Real Estate acquisition in California and Cristal steered us through the process with absolute professionalism and personal attention to detail at every turn. Her in-depth knowledge of the market place combined with enthusiasm and drive was the only reason we secured the property of our dreams and will be forever grateful. If you are looking for personal discrete and private representation of the highest quality we suggest you look no further than Cristal Clarke.”

- Johan and Paula van den Berg

“Cristal is very straightforward, cheerful, helpful, professional and trustworthy….we felt very lucky to work with her.”

- John and Lacey Williams

“After considering our many choices, we are grateful it was Cristal Clarke of Sotheby’s International who represented the sale of our Montecito cottage. We are familiar with Cristal’s reputation of hard work and dedication to clients, but it was her attention to detail that made our experience so positive. She offered suggestions for staging the property, worked in harmony with potential buyers and was even able to secure back up offers. The sale of our cottage was completed much sooner than we expected, due in great part to Cristal’s professional skills and support. We highly recommend Cristal as a first choice for anyone needing representation with real estate.”

- Michael & Nancy Lee

“Our experience in working with Cristal Clarke resulted in the successful and discrete acquisition of a property which was not yet on the open market. Her knowledge of the Montecito/Santa Barbara area and vast expertise blended with her passion for real estate and architecture, provided us with the very highest level of professionalism and personalized services. Cristal exhibited a rare combination of excellent communications, attention to detail, creativity and patience.”

- Richard and Catherine Frinier

“Cristal really breaks the mold. She knows every nook and cranny of this real estate market, understands value, and follows up on everything, all the time. She was incredibly patient with our two year quest to find the perfect house. Every house hunting trip from across the country was well planned, and our time was never wasted. On top of her professionalism and expertise, she is delightful to spend time with. We are thrilled with the home we purchased, and grateful to Cristal for so wisely advising us through this process, right through to the close and beyond.”

- Laurie Siegel

“We met Cristal first in the course of renting a winter home (for three years), then buying a house using her as our agent. She was amazingly good at listening to our wants and showing us homes that fit our needs. Her mastery of the paperwork was perfect. Most importantly, there was never a situation where we doubted her straightforwardness or integrity. If we do another real estate transaction in Montecito (which I doubt, we’re happy with what we purchased), without question we’d use Cristal again.”

- Ken Saffir

“Susan and I just want to thank you for your efforts in the sale of our home. You are really quite amazing. Your competence, persistence, optimism and humor made the entire process effortless. Every problem that arose, you somehow fixed; any obstacle, you overcame. We have bought and sold many homes. It has never been such a painless and enjoyable process!”

- Michael & Susan Marquart

“A little something about “our” realtor, Cristal Clarke. My wife and I came to Santa Barbara about fifteen years ago looking for a seasonal home from which to enjoy the weather and amenities of the central coast. Being in the real estate business myself I was familiar with agents and brokers so entered the market with open eyes. We “flipped” a few houses in the early years, dealing with various agents and finally ended up in Montecito. That’s when good fortune put us together with Cristal. To say we were impressed is to put it mildly. Cristal really knows the market. She is familiar with the area, its history and trends. When we have questions about a particular property she either has the answers immediately or gets back to us by phone or email. There is no waiting or wondering with Cristal. She is an agent who is “on top of it.” Her recommendations as to price points, contractors, inspectors and title agents have proven to be exceptional, showing great insight and the highest professional standards. We consider ourselves exceedingly fortunate to say that Cristal Clarke is our realtor and would recommend her services to any serious buyer or seller.”

- Rob & Judi Kelch