How To Make A Million Dollars In Real Estate Investment

How To Make A Million Dollars In Real Estate Investment



How to​ make a​ million dollars in​ real estate investment
I remember starting out as​ a​ real estate investor I​ had learned a​ very simple, yet mind-blowing strategy to​ make a​ million dollars in​ real estate .​
the​ concept was taught by Marshall Reddick, who is​ an​ avid real estate investor, and​ to​ date, he has over 200+ real estate rental properties in​ his portfolio.
It could not have been said better than Marshall himself .​
To make a​ million dollars in​ real estate, you must:
1 .​
Borrower a​ million dollars
2 .​
Have someone else pay it​ back for​ you
Simple as​ that .​
How does it​ apply to​ real estate investing, you may ask? Well, all you need to​ do is​ purchase enough investment properties worth a​ million dollars total, and​ have them rented out .​
That essentially is​ borrowing a​ million dollars in​ mortgage debt, and​ have your renters pay back the​ debt for​ you.
For many people, borrowing a​ million dollars may seem out of​ reach, but just as​ you would eat an​ elephant one bite at​ a​ time, so is​ buying real estate properties - you buy one house at​ a​ time .​
Unless you live in​ California, there are still many states that you can purchase a​ home for​ around $100k .​
Even if​ you are residing in​ California, you will need to​ stretch your vision and​ reach out-of-state.
Many people fear owning a​ property, let alone owning an​ investment property out of​ state .​
However, as​ a​ true real estate investor, you must put yourself in​ the​ mode of​ a​ business owner .​
Real estate investment is​ a​ business, and​ like any business, it​ may come necessary for​ you to​ hire people to​ work for​ you .​
That's what realtors and​ property managers are there for​ .​
In order to​ really expand your real estate investing business, you must get comfortable with hiring property managers to​ manage your properties.
We have all heard good debt and​ bad debt, so don't let the​ concept of​ owing money scare you off - especially when you can have someone else pay it​ back for​ you! as​ an​ added bonus, real estate value on average has never gone down in​ value in​ history .​
You hear people losing money in​ real estate because they could not hold on to​ their properties and​ they let them go at​ unfortunate times .​
Even if​ real estate value do go down, you should never fear because you have someone else paying your mortgage - your renters .​
as​ good as​ the​ concept of​ making a​ million dollar in​ real estate may sound, fear not and​ take the​ first step in​ your real estate investing.




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