Make Money From Real Estate
Rentals are a good way to make money from real estate.
Use the cap rate:
Contracts
All you need is a purchase and sale contract and a lease agreement.
Making money with no money
Do a joint-venture (JV) with a cash buyer and make 50% of the cash flow.
Free and clear property
Real estate without mortgages are more likely to cashflow.
Investment real estate can be break-even on a month-to-month basis if it has a mortgage and you might get the mortgage pay down and appreciation as part of your return.
Long term investing
Buy and hold a portfolio of free and clear cash flowing investment real estate.
Buying low and selling high
Don’t compete versus wall street, charities, the marketplace buying and selling unless you are wall street or charities.
People that buy at prices that are too high are “stupid.”
You could sell to charities at higher prices.
It’s hard to time buying low and selling high and you might get pulled into being a trader into different asset classes as you watch the correlations on TV and prices on the internet change.
Maintaining real estate
Buy and make improvements to real estate over time.
Hold rentals over time for appreciation.
Collecting rent
Sometimes you will have to make phone calls to collect rent. Share an office with a lawyer.
Find a niche with a lot of leads
That way you do not have to worry about your cash flow running out.