An Investment Strategy That Will Make You $10K a Month and $1 Million in Equity
In this series we are learning How to Go From $0 to $10,000 a Month as a Real Estate Investor. So far we’ve covered how to Get Mentally Prepared to Become a Successful Real Estate Investor and the Top 14 Real Estate Investor Tools.
Today I’d like to share advanced real estate investing strategies for a new or seasoned real estate investors. I ‘m having a little trouble writing this article today because I spent the better part of the morning in the emergency room. I ripped the tendon off my middle finger playing football at the local country club early this morning, some friends and I, for a work out, were playing a friendly game of touch football and when trying to catch the ball I jammed my finger.…and snap……Ouch!!
Anyways, let’s talk about what exactly you would like accomplish, how about monthly income, say $10,000 a month or higher. As a professional investor it’s crucial to have consistent LARGE chucks of money coming in. How about monthly cash flow? Wouldn’t it be nice to have $5,000 plus a month coming in automatically? Here’s the name of the game:
1. Big Short Term Profits
2. Consistent Monthly Cash Flow with Huge Upside Potential
As you might know Mike and I own Fortress Investments and are very active real estate investors (we actually closed on 2 bank owned fourplex’s today) we have offers in on properties all over the metro Phoenix area and regularly buy properties at the county auction. We also buy cash flow properties for our inventory which provides monthly income and upside potential, we currently own over $13 million dollars worth of residential real estate. This strategy has proven to work great for us and can work for you to. Using this method you’re able to make an income to pay the bills but also build a bank roll for the very best deals. You’ll come across some incredible properties that don’t make sense to flip but to keep in your inventory.
Big Short Term Profits
I got started flipping properties making $5k to $10K in profits per deal. The goal for you starting out is to do 2 deals a month averaging $5K per deal, and then scale it up to 5–7 deals a month. That’s $25-$35K a month in income! I know what you might be thinking….he’s crazy, “I want to do one deal”. Don’t be a small thinker; I know you can think bigger than that. Just shoot for a goal of 5–7 a month and go back and read Get Mentally Prepared to Become a Successful Real Estate Investor. There’re much BIGGER deals out there than flipping houses for a $5 to $10K profit. Look at Trump, he’s big time! I’m not saying we should all strive to be Trump, but the possibilities in real estate are endless if we can think big enough. In the next article I’ll share with you How to Find and Execute you First Real Estate Deal. Make sure you subscribe so ya don’t miss a beat.
Consistent Monthly Cash Flow with Huge Upside Potential
This method will make you rich; owning cash flow properties that have built in equity is the key to this step. Your goal should be to own 20 cash flow properties with 25% built in equity. Let’s do the math, 20 properties that are worth an average of $200,000, would mean you own $4 million dollars of real estate with $1 million worth of equity. Let’s say each property (multi family and single family) on average cash flows $300 a month; you’d be making $6,000 a month in income. You’d also have a huge tax benefit of owning this size of portfolio. Now I know you’re asking, “Fannie Mae will only let me finance 9 properties” yes I know but I will show you a secret that you won’t find any where else. You might also be asking “what if I don’t have good credit, then what?” I’ll cover this to in the proceeding articles in this series so again, make sure you subscribe so you don’t miss a beat, it’s free.
Now that you have a clear cut goal and know exactly what to focus on we can move forward to the next article in this series, the meat:
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