| |
| |
|
|
Real Estate |
|
Eight Out of Ten Millionaires Surveyed Made their Fortune in Real Estate - How?
Consider the statistic in the title for a moment. 8/10 millionaires surveyed found their wealth in Real Estate. What that means is an overwhelming proportion of people we'd like to emulate and achieve the results they got, (A million dollars or more) did it trading Real Estate. 80% But logic tells us that many people own real estate. They all have dealt in Real Estate in one way or another and they are NOT millionaires. They arent even comfortable, sure they have a large asset they are working to pay off, but they are definitely not financially comfortable. The question bears investigating. What do these millionaires do with real estate that thousands and thousands of people don't? I can tell you they didnt do what the average family does. They dont buy the family home and toil for a life time to pay it back, then wonder about the next purchase in their twilight years. Today, there are many investors. So the average family is getting a bit more ambitious. They recognize that toiling for a life time, they will be left with little. Just one home. So they buy rental properties to ride the inevitable capital gains that will yeild over the next 30 years of ownership. The idea is to own for example 5 properties plus their home, that they paid 100k for. The loans are interest only so the tennant almost pays for the repayments. That means for a small weekly amount they may lay claim to the capital gains in the future. Say for example in 20 years, the properties appreciate to a higher value, say 500k each. Now they can sell one property, at 500k pay back the 100k on that house and have left over 400k to pay out the loans on all four properties that remain. Leaving them asset rich. 4 properties at 600k equals 2.4 million dollars. Not bad. Of course we dont include 20 years of maintenance, insurance, fallow periods when the properties are empty, and a host of other asscociated costs. Not to mention the life time of toil. These 8/10 millionaires, do NOT do it this way. They become millionaires rapidly utilizing real estate as their investment vehicle. But how? What do they do? What did I do? Im glad you asked. Good Questions. I....We....control profits, not assets. The millionaire that made his fortune in Real Estate is common. Its been the same for the last 500 years, even longer I guess if there were records. We could investigate serfdom and royalty and the Magna Carta, but that's beyond the scope of this article, I think I make my point. You see, YOU can only get what they get, if you use the same weapons, or tools, the edge they have, the advantage. Its not a closed club. The tools are lying around ready for you to use. There are no secrets either. If you want to look you will find the tools. Contracts. Lets consider the importance of a bit of paper, and those squigly markings called type that mean so very much. Structure. Unorthodox Real Estate deals are a myth. In this society, a man is free to sell you his asset in any manner he chooses to. You are free to make creative offers in any manner you choose to. The structure that you create for yourself is your own bed. Just because the financial industry creates a mainstream accepted way they want to lend you money, does not mean that you are forced to purchase Real Estate according to this doctrine. Its a commercial doctrine, not "the way its done" manufactured by people, merchants that wish to sell you a commodity.....money. To say I must first save for a long time, show my dependability at work, show my stability etc. Then I must approach the bank and request that they investigate the stability I manufactured for the purpose of buying a house is THEIR criteria, not yours. Its certainly not the Rapid property millionaires criteria. You agreed to it and made it your criteria. Its a free world, you are free to apply yourself for your own best benefit, not anyone elses. The Real Estate millionaire uses no deposits, nor do they use lending services to buy property. You see, I am not interested in property. Im interested in profits. Im also interested in ethics. That is why my secondary concern, just below profits is the people I help. For these are the people that will grant me my fortune, in exchange they get a wonderful house. I dont want to own property for a long time and hope for capital gains, I want to find, buy, then sell......as fast as possible and move on to the next. I systemize my activities, so the leverage of numbers accelerates my progress. I dont use any, or not much of my own money, and I certainly dont use lenders. There are tools to be taken, if you want them. Visit the resource we present below for more information. My very best to you. Martin Thomas Martin Thomas is a professional investor and CEO of opportunity-investor.com. http://www.opportunity-investor.com/investin2.html
MORE RESOURCES:
Real-Estate - Google News |
|
|
|
RELATED ARTICLES
Why Canadian Real Estate is Such Good Value Real estate agents, Canadian citizens and foreign investors interested in the Canadian property market are all in agreement - as Canada becomes a more desirable place to live year on year so property investment in Canada becomes a more attractive prospect year on year.Furthermore, because property in Canada is high quality, plentiful, incredibly affordable and easy to purchase, real estate in Canada is good value across the board. Best Places to Retire Places to Retire: Popular Doesn't Always Mean "Best"Las Vegas, Nevada; Phoenix and Yuma, Arizona; Las Cruces, New Mexico; and Ocala, Florida-just a few names that rank among America's most popular retirement destinations. Unfortunately, their popularity doesn't necessarily mean that they are especially appropriate choices for astute consumers. Property in Bulgaria - Huge Investment Potential Bulgaria is a truly magnificent country, located in Eastern Europe with an amazing coastline that stretches over 340km along the Black Sea, with a backdrop of one of the world's most magnificent mountain ranges and the beautiful and historic capital city of Sofia.Today Bulgaria not only offers one of Europe's most attractive and unspoilt holiday destinations it is also host to what will be one of the most dynamic and as of yet relatively untapped property and real estate markets. Big Discounts With Property Investment Clubs? A stagnant stock market, low interest rates and booming property prices over recent years have lead to more and more personal investors deciding to join property investment clubs.Property investment clubs are organisations that either buy property in volume and resell it to their members at discount prices or negotiate the purchase of large numbers of properties from developers, again ensuring discounted prices. Fraud in Real Estate, Are You Being Victimized? - Part II The phone range and Peter was on the other end of the line. "Willard, I have a friend of mine that has a real estate problem. How Much is that House in the Window? With the recent release from the UK's biggest mortgage lender, the Halifax, of its latest house price report for May 2005, showing that prices fell by 0.6% last month, and prices falling just 0. Salt Lake City Real Estate From the mountains to the valley, there are many types of Salt Lake City real estate to choose from.Cabins:Cabins nestled into the mountains on the east side of the Salt Lake Valley are a great place to escape for those who have a home in the valley (or nearby). Selling a Home - What Personal Property Stays? The home selling and buying process can be confusing, particularly when it comes to figuring out what items stay with the home. This is especially true when it is a FSBO (for sale by owner) operation. Property Investment - What Future For the Biggest Bubble of All Time? The Economist magazine published a special report in this months issue entitled "House Prices ? After The Fall". Some might call it pessimistic, alarmist, nonsense or worse but only the foolish would choose to ignore the research that comes out of a think-tank with the kind of resources that this highly respected publication has. If Your House Is a Mess, You Dont Have To Sell For Less Don't be tempted by "We Buy Houses" or "Sell Your Ugly House in 9 days for Cash" ads.These savvy real estate investors look for sellers under duress. What To Expect In Closing Costs On A Home Purchase Many are taking advantage of this year's low mortgage rates to purchase a home. Pent up with excitement, many families, who have scrimped and saved for a down-payment, jump for joy when the mortgage lender finally approves their application. Staging Homes for Top-Dollar Sales Wouldn't it be nice to have Roger Hazard's design team from "Sell This House" come visit for a weekend?Many "redecorators" and designers offer "Staging Homes" services from $250 to $5,000. These services usually give good advice, some help with the actual work involved, and others even move in new furniture for you. Industrial Income Property Financing: Part 3 of 3 Financial ConcernsOf the three types of income property, industrial property requires the greatest degree of technical expertise and experience. Likewise, financing the acquisition of an industrial income property can be, at best, very risky without adequate planning and know-how. Real Estate Professional in the Palm of Your Hand GETTING THE MOST FOR THE LEASE-TRACKING YOUR REAL ESTATEIf you own rentals and/or investment properties, you know that you have to keep track of your portfolio, maintenance profiles, property managers, and related financial matters. There are a multitude of programs for the Palm-Pilot system to keep up with lease dates, lease expirations, and rent due dates. Secrets of Making Money from Real Estate - Part 4 Analyzing and finding the right property deals:Firstly read my other article on how to Buy the property at a discount, this will cover the basics on how to buy property at a lower than market value price. This is very important because It can completely change the aspects and financing the deal. Selling Your Home - What Can Go Wrong With Pricing and Loans So, you're selling your home (house, townhouse, condo, apartment, land, lot, farm, ranch, etc.), what can go wrong? The sad fact is that a lot of things can go wrong. Real Estate Appraisal - Rental Properties Real estate appraisal for rental properties isn't the same as for single family homes. If you were looking at a 24-unit building, it would be difficult to find similar ones nearby that have recently sold. How to Decrease the Value of Your Own House Owning a house is part of the American Dream. Depending on where you live in the US - home ownership can be around 70%. Ten Steps for Becoming a Successful Real Estate Investor The secret to success in real estate investment is finding bargain properties that you can "flip" quickly for a profit. Here are a few ideas for becoming a successful investor:1) Obtain sound advice from investors who are already successful. How to Show & Sell Your California Home Seller's Showing Instructions1. When the agent arrives with the potential buyers, have the window coverings open to let in as much sunlight as possible.
|
|||||||||||||||
