How To Get Rich with Real Estate

Page 1

==== ==== HOW TO GET RICH in Real Estate www.realestateinvasion.com ==== ====

If you do a study of how the rich people make or invest their money then you will find that almost all rich people have either made their money in real estate or they keep their money in real estate. In Warren Buffet, the world's greatest stock investor has a huge real estate portfolio. Real estate can be one of the easiest investment vehicles for becoming rich. I want to show you the basics of how to get rich in real estate. Let me just say straight up that there is more than one way to skin a cat. There is more than one way that you can make money in real estate. There are thousands of people becoming millionaires with different investment strategies. Some people buy old houses, renovate them and sell them. Some people buy land, develop it and sell it. Some people subdivide land, some people build skyscrapers, some people buy and hold. I am not going to go through every strategy, but I am going to go through a strategy that I believe anyone can use to become rich. I am not a financial advisor and this article should not be taken as personal financial advice. Everyone's situation is different and thus they should invest differently. This article is created purely to educate you in how you can become rich through real estate. If you have ever looked at real estate you may have hear the terms 'positively geared' and ' negatively geared'. Positively geared property makes more money in rent than all the expenses combined, this means every month you are putting money in your pocket. Negatively geared property means that you have more expenses than rental income and thus it costs you money each month. People negatively gear property because they hope to make money from capital gains when the property is sold. The reason most people fail to get rich from real estate is that they try to make money from negatively geared property where they lose money each month. Now there is a lot of money to be made in the area if you are experienced, but most people do not have the experience to get rich using this method. Investors are limited to the number of negatively geared properties they can buy because they only have so much available income to fund these so called investments. This means the most properties people can buy is 2-3. However, there is a much easier way to invest in property that is much safer and that will allow anyone to become rich and financially free. Positively geared property is harder to find than other properties because anyone can find an investment that loses money, but not everyone can find an investment that makes them money. There are a number of reasons that getting rich through positively geared property is easy. If you want to get rich in real estate then read this. You Can Have As Many Investments As You Want With negatively geared properties you are limited by your disposable income. There are only so


many properties you can afford if they cost you $1,000 per month to own. But if you are earning $1,000 per month from your property then you can own as many properties as you can get your hands on. This means you can invest more and earn more. This makes it a lot easier to get rich. It is easier to make $10,000 each on 100 properties ($1,000,000) than to make $500,000 each on 2 properties. You Win When The Market Crashes People who invest only for capital gains lose out when the market crashes. Because they only make money when they sell if the market crashes then they lose all of their profit. If you have your property positively geared then you often win when the market crashes. When the market crashes rent usually goes up, meaning your income from your investment will increase. You also win if the market goes up because you get capital gains, so really it is a win win situation. Obviously there are some exceptions to this, but it can be much easier to win with positively geared properties than negative ones. You Can Have The Best Of Both Worlds A lot of people think you shouldn't invest in properties for rental income because then you miss out of capital growth. But this is not true, in order to get rich from real estate you need both income and growth and with a positive cashflow property then you can get income and capital growth. Why settle for one of the other when you can have the best of both worlds? You Can Have Income To Retire One of the reasons people want to be rich is so that they don't have to work. Rental income properties give you regular income that you can use to pay for your expenses. This means that you can retire quicker by purchasing positive geared properties. When you retire you will have more time to spend getting rich and investing.

Buying positively geared real estate is one of the best ways to get rich through real estate. But finding positively geared properties can be difficult. You need to know what to look for and you need to know how to finance your property for the optimal income. Most people don't know how to do this so I have created an email newsletter that goes out each week that will help you find and create wealth from real estate and other sources. If you sign up today at http://www.richacademy.com you will get a free copy of my audio teaching "How To Get Rich WITHOUT Making More Money". This is worth $27 so hurry while it is still free. Go to http://www.richacademy.com and enter your name and email address now and you will be one step closer to becoming richer than you ever dreamed.

Article Source: http://EzineArticles.com/?expert=Ryan_Mclean


==== ==== HOW TO GET RICH in Real Estate www.realestateinvasion.com ==== ====


Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.