|Real Estate Information|
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.
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.
Lets consider the importance of a bit of paper, and those squigly markings called type that mean so very much.
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 is a professional investor and CEO of opportunity-investor.com.
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news
Real estate advocates showcase sustainable communities, ecological ideas around Earth Day - Charleston Post Courier
San Diego Real Estate, Million Dollar Homes
San Diego county has always been known for its Luxury Homes, yet in 2004 San Diego County luxury home sales (homes over $1,000,000) hit an incredible 2774 total units, an increase of almost 170% over total sales in 2003!In the entire State of California, A total of 33,107 homes sold for a million dollars or more last year. That was up 73.
Finding the Right Real Estate Agent:: A Guide for Seniors
When considering buying or selling a home, seniors have a special set of needs that may not apply to others in the real estate market. The first time home buyer has a certain set of needs.
An Overview of Easements
Title insurance is generally associated with insuring a purchaser's or lender's interest in a particular piece of real estate. The right to use an easement is often considered less important than unencumbered title of the insured parcel.
Juggling The Day With A Deal
Doing deals with sellers is why you went into lease purchasing. Again, using organization and time management is very important here.
Why Selling on Lease Options is Glorified Landlording
I might upset some folks with this one, but that's okay as I think it's important to get some of my experiences into the light of day. If you fully believe the hype that you won't have any landlording responsibilities by selling on a lease option, go ahead and stop here.
Buying Property in Bulgaria : How to Avoid Making A Bad Investment
Where is it possible to buy a property on your credit card? Bulgaria, of course! With thousands of potential property buyers seduced by Bulgaria's bargain property prices, the temptation is to think that making a solid return is a no-brainer! Searching the Internet, dozens of articles and property websites boast about the 100% capital growth that can be achieved on Bulgarian property investments in the space of 12 months.For first time investors with small budgets looking for a step onto the property ladder, this seems like an opportunity almost too good to be true! The result is that thousands of novice speculators and second homebuyers are flocking to Bulgaria to cash in on the investment opportunities it offers.
The Echo Boomers - The Next Big Consumers
The Echo Boomers or Generation Y currently make up about one third of the US Population. Many of the Echo Boomers are starting to reach an age where they want and need things like, Houses, Cars, Insurance.
Sell Your Home Without Paying Any Commissions
All of us know that real estate commissions can work out to quite a bit of money - anything from a few thousand dollars with discount brokers to 6% in commissions with full-service agents. That's a substantial sum of money to be paying for something you could very well do on your own.
Dont Sell It Yourself
Don't sell it yourself! Sometimes a "FSBO," or house "for sale by owner" can sell as fast, and for as much as it would have if listed with a real estate agent. Sometimes.
Choosing a Reputable Real Estate Appraiser
When you are considering purchasing a property; either for investment or personal use you will need to hire a real estate appraiser. If you are financing the purchase through your credit union or another financial institution will most likely be required to hire a real estate appraiser to perform an appraisal on the property.
Buy to Let Property Investment
In recent years buy to let has been a popular way of investing in residential property. Stock markets are out of favour with many investors who have seen the values of their portfolios, endowment policies and pension funds shrink, whereas property has generally continued to rise in value.
11 Steps Away From Buying a Home
There is no doubt that the market for houses has been on fire recently. More and more people are taking advantage of low interest rates and easy mortgage loan terms to go from being renters to being home owners.
Preserve Equity, Build for the Future Using a 1031 Tax Exchange
Thinking of trading up on an investment resort property? If so, look into 1031 Tax Exchanges (based on IRS Code Section 1031), which allow taxpayers to defer taxes on capital gains resulting from the sale of investment real estate, often a sizable sum since combined Federal and State taxes can run as high as 38 percent.With an exchange, owners are able to preserve equity, while still selling the property.
Fixtures, related to real estate, are items that were originally personal property but are now attached to the property itself. This becomes the toughest issue when tenants attach fixtures to a property.
Buying a Vacation Home
You'd like to buy a vacation home, but you're not sure where to begin. Perhaps the single most important point to determine up front is why you are buying a vacation home.
How to Become a Successful Real Estate Investor
Many folks dream of becoming real estate investors, but not everyone has what it takes. If you're dreaming of becoming an investor, here are several important questions to consider, long before you buy your first investment property:1) Why would a homeowner sell a house at a bargain price?Many things happen in people's lives that make their home suddenly become a burden.
Types Of Real Estate - An Investors Choice
There are different types of real estate, and different ways to invest in them. Which way is best is for you to decide, according to your particular needs.
How to Become a Successful Real Estate Developer
Real estate investment and development has never been a more popular pastime or career changing challenge; if you would like to learn seven secrets for consistently successful real estate investing through development or you would like to know how you can continue to profit from property even if the market takes a downward turn just read on?1) Do Your Location Homework - did you know that through successful and sustained location research professional property investors actually continue to profit during a market down turn? It's true - whatever the market conditions you can apply their location research approach to your real estate investments and also make consistent profits from property.Take the necessary time to learn all about a town or city you're considering for your next property development purchase and discover where the up and coming areas of that town are likely to be.
What are the Top 11.5 Criteria for Selecting an Orlando Investment Property
1. Make sure units are larger than 1800 square feet.
Investing In Commercial Property
Investing in commercial property is well beyond the financial means of most people. Few can afford the large sums of money involved in buying commercial real estate.
|home | site map|
|© 2006 TIGER MEDIA|