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Five Steps To Wealth Through Real estate investment
Although youbecome quite wealthy by investing in property (whether or not the value of the property never goes up)... you ought to be in a position 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 with time
3) Have your real estate professionally managed
4) Properly direct the money flow from your investment properties
5) Become financially secure and wealthy over time
It's that simple because... Investing in property provides a vehicle and opportunity which really has no peers. It's in the own category. Property provides leveraging opportunities, financing and tax benefits that other investments (stocks, bonds, CD's, etc.), legally, aren't allowed to offer.
And purchasing real estate offers another thing the others don't typically provide: a predictable cash flow that commences rigtht after a property purchase.
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This form of investing has existed for several years. When executed properly, it's reliable, predictable and lucrative. It may appear complex initially but is really a significant simple and straightforward process once familiar. Following the correct resources have been in place and purchases completed, there are not many "moving parts." It truely does work much like it's with an auto pilot with good property management.
A certain perspective and understanding is certainly necessary. Just how much property an individual owns isn't primary aim or focus. What's most significant is when much income the properties generate which is determined by factors such as: purchase price, renovation expenses, fees, rents, property management costs, mortgage pay down rate, etc. Naturally, you need to become familiar with the variables to be knowledgeable encourages effectiveness which can then be replicated again and again. It might be a method, which in many ways, functions like franchising fast food restaurants.
NOTE: There are a few other necessary ingredients related to this investment model: 1) to have a genuine need to become wealthy which will help to develop your 2) vision and investment goals, 3) a level of patience and 4) discipline which enables your 5) long-term plan for success by managing your cash flow properly... Here's a very general example of a long term goal and just how it works:
Determine that you were in a position to purchase one apartment each year for 15 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 cash flow of $10,500 per month. Since you have been carrying this out for a short while and had been disciplined, that cash could certainly be directed towards your personal bills (retirement perhaps) or reinvesting purposes.
Also remember, that if you purchased the homes with fifteen year mortgages (which we suggest), the homes bought in the earlier years are beginning to become repaid. So not just are you receiving the average $700 monthly from each property, you're also becoming the owner of an increasing number of homes that no more have mortgages if you obtained financing. They're beginning to become yours outright.
Plus, yet, another possible benefit: there's a very strong likelihood that your properties also have appreciated in value through the years.
So now you, the focused, patient, disciplined real estate investor, have obtained:
- Built-in equity immediately because of an under market price purchase
- Positive monthly cash flow throughout
- Mortgage principle reduce over time
- Outright property ownership once mortgages paid
- Highly likely property value appreciation with time
Certainly, this is not enough information to equip you to immediately begin investing in real estate. The intention is to share highlights of the income producing investment model for you and generate some understanding of its possibilities.
No more than 5% in our country's population becomes wealthy or financially independent inside their lifetimes. We want everyone so that you can live their lives within that 5% and also to enjoy what it provides. It's available.
