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How-to-make-a-million-dollars-in-real-estate-investment
By Steven Chang
I remember starting out as a 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 investor, and to date, he has over 200+ 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 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 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 investor, you must put yourself in the mode of a business owner. 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 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, value on average has never gone down in value in history. You hear people losing money in because they could not hold on to their properties and they let them go at unfortunate times. Even if 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 may sound, fear not and take the first step in your investing. Article Source: http://www.upublish.info About the Author:
Steven Chang
Steven Chang is a seasoned investor. If you want to get in the game of investment he highly recommends Marshall Reddick Investment Club at http://www.MarshallReddick.org
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