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Current revision (18:22, 14 August 2012) (view source) m (New page: Five Steps To Wealth Through Real estate investment Not only can youbecome quite wealthy by investing in real estate (even if the property's value never goes up)... you should be able t...) |
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Five Steps To Wealth Through Real estate investment
Not only can youbecome quite wealthy by investing in real estate (even if the property's value never goes up)... you should be able to.
5 step formula to wealth through real estate investing is:
1) Purchase income producing property at below market price prices
2) Buy (leverage) and hold additional properties over time
3) Have your property professionally managed
4) Properly direct the money flow from your investment properties
5) Become financially secure and wealthy with time
It's that easy because... Purchasing property provides a vehicle and opportunity which really has no peers. It's in the own category. Real estate provides leveraging opportunities, financing and tax benefits that other investments (stocks, bonds, CD's, etc.), legally, aren't permitted to offer.
And purchasing real estate offers something else the others don't typically provide: a predictable cash flow that commences rigtht after a house purchase.
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This type of investing has been in existence for several years. When executed properly, it's reliable, predictable and lucrative. It may appear complex initially but is actually quite a easy and straightforward process once familiar. After the correct resources are in place and purchases completed, there are very few "moving parts." It truely does work much like it's on an auto pilot with good property management.
A certain perspective and understanding is certainly necessary. How much property a person owns isn't primary aim or focus. What's most important is when much income the properties generate which is based on factors such as: purchase price, renovation expenses, fees, rents, property management costs, mortgage reduce rate, etc. Naturally, you need to become familiar with the variables as being knowledgeable encourages effectiveness which could then be replicated again and again. It might be a system, which in many ways, functions like franchising fast food restaurants.
NOTE: There are a few other necessary ingredients associated with this investment model: 1) to possess a genuine need to become wealthy which helps to develop your 2) vision and investment goals, 3) that patience and 4) discipline which enables your 5) long-term plan for success by managing your money flow properly... Here's a very general illustration of a long term goal and just how it really works:
Consider if you were able to get one rental property each year for fifteen years (think leveraging). If your fifteen properties were producing typically $700 per month each in rental income, after the fifteenth year, you'd be receiving a collective income of $10,500 per month. Since you have been doing this for any little while coupled with been disciplined, that cash could certainly be directed towards your personal living expenses (retirement perhaps) or for reinvesting purposes.
Also remember, that if you bought the homes with fifteen year mortgages (which we recommend), the homes purchased in the sooner years are beginning to be paid off. So not only are you currently receiving the average $700 per month from each property, you're also becoming the owner of a growing number of homes that no longer have mortgages should you obtained financing. They're beginning to become yours outright.
Plus, yet, another possible benefit: there's a quite strong likelihood that the properties have also appreciated in value over the years.
Now you, the focused, patient, disciplined real estate investor, have obtained:
- Built-in equity immediately due to an under market value purchase
- Positive monthly income throughout
- Mortgage principle reduce over time
- Outright property ownership once mortgages paid
- Highly likely property value appreciation with time
Certainly, this isn't enough information to equip you to immediately begin investing in property. The intention would be to share highlights of the income producing real estate investment model to you and generate some awareness of its possibilities.
No more than 5% of our country's population becomes wealthy or financially independent within their lifetimes. We want everyone so that you can live their lives within that 5% and also to enjoy what it really has to offer. It's available.
