6 amazing tips on turning real estate into a real fortune
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Lester Parris discusses 6 amazing tips on turning real estate into a real fortune in this in-depth presentational blog. For more information, please visit LesterParris.com!
6 amazing tips on turning real estate into a real fortune
- 1. 6 AMAZING TIPS ON TURNING REAL ESTATE INTO A REAL FORTUNE LESTERPARRIS.COM PREPARED BY: LESTER PARRIS
- 2. L E S T E R P A R R I S . C O M In the United States, at least 30 billionaires accumulate their wealth by way of real estate investment. These real estate enthusiasts say that owning property is one of the best ways to accrue wealth and establish financial freedom. Anyone has the ability to buy into real estate. While billionaires arent made overnight, obtaining wealth over time is a very realistic goal. Keep reading for six effective strategies for turning real estate into wealth. INTRODUCTION
- 3. Individuals investing in real estate should start small. According to Tai Lopez, the first step is to already have a career or business that generates positive cash flow, allowing interested individuals to diversify into real estate investing on a part-time basis. Individuals that are new to real estate investing should start small without investing all of their money. As one progresses in their real estate investing, theyll learn more and be able to raise the stakes. 1. START SMALL L E S T E R P A R R I S . C O M
- 4. Even investors with a budget should think big. When working with a budget, investors can wait until they save enough to chase bigger deals or borrow money to make those deals happen. When talking real estate, Grant Cardone shares that going big means investing in a minimum of 16 units. With less than 16, an investor cant hire a manager, forcing that individual to spend all their time managing the property or spend time making more money to purchase more units. 2. THINK BIG L E S T E R P A R R I S . C O M
- 5. Going into real estate investment alone is tricky. Typically, the easiest and simplest investments yield the lowest in returns. To find the most profitable opportunities, Phil Pustejovsky shares that investors need to do the hard work of creating the opportunities themselves. To do this, investors must find these deals first and create their own investments by flipping houses or renting property by themselves or with the likes of Airbnb. 3. UNDERSTAND REAL ESTATE ECONOMICS
- 6. Jumping into real estate investment blindly is a quick way to waste money. Anyone can use the Internet to learn what they need to know about real estate investment. Mark Bloom believes that by learning where to invest their money, investors will be able to make the most out of renting property or flipping homes. 4. LEARN FIRST, EARN LATER L E S T E R P A R R I S . C O M
- 7. There are countless ways to begin investing in property. According to Com Mirza, the only way to guarantee future success is to begin in the present. 5. START NOW
- 8. What an investor does with their property is what determines their success. Roy McDonald shares that by understanding the most effective methods for investing in real estate, investors will be able to buy, hold, or trade property as it suits them. Investing in real estate is a good way to build wealth for individuals that know their way around an investment property. Keep these six tips in mind when looking into the world of real estate investment. 6. PROFIT COMES FROM THE PURCHASE L E S T E R P A R R I S . C O M
- 9. For more information please visit LesterParris.com THANK YOU!