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Best photo: ESTATE An Overview of the Road to Unlimited Riches in Real EstateDuring my first several years of real estate investing, I knew of only one way to make money in real estate—buying and holding; that is, buying and renting property, and collecting rents. Then I learned about flipping, lease optioning, referringcontractors and legal services, and so on. I started getting little checks, then medium-sized checks, and finally big checks. You can do the same. All you have to decide is how many checks you want from how many sources. Open your mind to not only Real Estate: The Best Wealth Builder in the Universe Examples of OPM Financing Mr. R. in Florida says his entire family works in real estate. He him- self owns hundreds of beautiful properties. However, Mr. R.’s name is not on any deeds, and he does not have any liability, because he has partners and investors (e.g., doctors, lawyers, accountants, bankers) whose names are on the deeds. He discloses every agree- ment in writing. He does not owe a cent to anyone. When he sells his houses, he earns from $20,000 up to $100,000, and the investors get their money backplus one-half of the profits. I know a full-time student who makes between $80,000 and $120,000 a year as a part-time real estate investor. He digs up a good deal, puts a property under contract, finds investors, buys the property with their money, fixes it up, then sells it for a profit any- where in the range of $5,000 to $12,000. one, two, or three avenues of income, but to multiple avenues of real estate income. Start with one way and, as your career progresses, you will want to add more.Updates: An Overview of the Road to Unlimited Riches in Real EstateDuring my first several years of real estate investing, I knew ofBuying, Fixing, and SellingA lot of people start in real estateinvesting by buying, improving,What Changed My MindFresh news: © Copyright 2009 - Real Estate |
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