How to Get Rich in Real Estate

1 - I can do better 2 - Jury's out 3 - Pretty darn good 4 - Splendiferous 5 - Awesometastic by 1 person | Log in to rate

Ranked #26,650 in How-To, #274,378 overall

The secret's out! I made a profit of over $140,000 in just 6 weeks................

....then another $ 190,000 in 3 months.

Would you like to know how? 

So you've heard people talking for years about real estate investing!
Investment property is a vital ingredient for wealth creation, but do you feel it's out of your reach? Have you sat on the fence for years now, wondering, where do I start?

Most people don't know where to look, so they buy close to their home. They don't know how to look for the hot spots. Someone may give them a hot tip, they may buy in the wrong area at too high a price, experience stunted capital growth or bad tenants who mistreat the property. Overall their experience leaves them feeling that Real Estate Investing is not for them!

After years of trial and error, taking 'hot tips' from so called experts, and stumbling blindly, I finally succeeded and created complete financial freedom, with a simple, but powerful 9 step strategy for ultimate success in the property game.

"Has anybody ever shown you exactly HOW and WHERE to buy THE right property?"

 

I have created 9 rules, or parents I call them. After all we have to listen to our parents advice
don't we? These parents are my own personal criteria for finding.......

THE right house in THE right suburb, your suburb!

THE right price to pay for it. Powerful negotiating skills will ensure you get the best deal possible!

HOW to manufacture your own equity!

HOW to maximize your rental income.

With this powerful information in hand, anyone can repeat the strategy over and over, laughing all the way to the bank!

Building wealth requires the right information, planning and making good choices. 

ANYONE CAN DO IT!

Do you know there are other types of investments that claim a high rate of return, but when you look at the return on residential property based on how much, or little, of your own money put in, it is much higher.

Just think about this......

You buy a property for say 10% under market value (That's actually quite conservative. You can do far better than that). Now let's say you make improvements to that property that add another 10% to it's value.... and because you chose a growth area, what if the area also goes up by a further 10% over the next year.......

You're thinking you've made a 30% return right?

WRONG! You're not seeing the whole picture.

You see if you only used a 10% deposit in the first place.
(You can actually use NONE of your own money, but we'll get to that later).

What is your cash-on-cash return?

A whopping 300%

Now that's what I call huge money in your pocket. If YOU knew how to do that, how many properties could you afford?

What is the best type of property to buy? 

I CHOOSE HOUSES.

Why houses?

*As an investment they perform consistently

*They are income producing

*Higher land content than with units/flats
(it's the land value that goes up)

*Low risk

If the bank will lend you up to 80% of the property value, doesn't this tell you they see it as safe?

Do you know of any other investment where you can do something to it yourself to increase it's value?

Demand for housing will continue to increase as populations increases. Property tends to move in a cycle. In Australia for instance, every 7-10 years on average, property values double with rents doubling every 9 years.

For us, purchasing the right property and holding onto it long term, puts us in these cycles. The 9 step strategy I use fuels itself. You only need a deposit once! Does the future suddenly look a lot brighter?

The really exciting thing is ANBODY can start to invest in residential real estate RIGHT NOW, even without a deposit!

Step 1 - ASSESS FINANCES 

Firstly you need to recognise your relationship and habits with money, and how you hold yourself back.

It's not how much money you earn that makes you wealthy.

It's what you do with your money that makes you rich!

Step 2 - GET FINANCE 

Without finance, wealth is almost impossible, but it can be really daunting. The whole loan application process can be quite intimidating.

Do you know there are literally hundreds of financial institutions willing to lend you money?

Why? Because that is how they make a profit.

There are very important things to consider with finance,such as the RRI or real rate of interest.

Why? Because it directly affects your cash flow.

What is real rate of interest?

It is the interest rate YOU pay on the loan once the associated costs have been factored in.

Some financial institutions may advertise and mislead you with lower interest rates, but when you factor in the ongoing fees and associated costs this may not be the case at all.

There is an easy way to work out the RRI before you proceed with your loan.

Step 3 - FIND THE RIGHT AREA 

This is THE most important part of my whole strategy, and the one that uneducated investors get wrong.

When building an investment portfolio it has to be growth assets.

There is a specific criteria your chosen area MUST meet if you are to gain maximum capital growth.

Step 4 - PURCHASE UNDER MARKET VALUE 

NEVER pay the asking price for a property!

In fact never even pay retail or market value for a property.

Do not buy properties based on emotions, buy based on facts. Do all the research before you get to this step and know the market value.

Once you know what the market is prepared to pay for a property it puts you in a position of power!

Learn the art of skillful negotiation.

We all have it in us to become a Power Negotiator!

In negotiations and in life, if you don't have a plan of your own you will become part of someone elses! 

Step 5 - MAXIMISE PROPERTY VALUE 

The power in the whole strategy is being able to generate your own equity, not just wait for the natural capital growth to occur.

Minimise your expenditure and maximize your profit!

Step 6 - MAXIMISE RENTAL INCOME 

Once you have successfully completed the previous step, this one is a walk in the park. If you have done your homework correctly, your property will be one people are queuing up to sign the lease for.

Increased demand = Increased rent

Step 7 - REVALUE THE PROPERTY 

The best time to revalue the property is once you have a rental agreement in place. The rent collected impacts on the property's ability to perform as an investment.

The valuation makes or breaks the deal.

Step 8 - USE NEW EQUITY 

If you have followed the previous steps correctly, you will have created your own equity. By refinancing, you are able to draw the new equity to use as a deposit on the next property.

Step 9 - REPEAT THE STRATEGY 

Before you use the equity from the completed house to cover the deposit and costs on a new loan you need to check your ability to service the debt.

This done, you can then repeat the strategy all over again, laughing all the way to the bank!

Related Information 

Stress free finance
Trade secrets and tips for hassle free finance.
Real Estate Course
A powerful, easy to follow, 9 step strategy available as a DVD homestudy program, or live sessions.
Educational DVD's, live seminars on investing strategies
Up to date information on live seminar dates and homestudy courses.

Would you like to know EXACTLY how to get rich in real estate? 

Additional Information

If you are excited by what you have just read, you should be!

Absoultely anybody can do this and change their future forever.

Before you run off and make an offer on a house though, you need to research the specific criteria first.If you would like more information about where to find the tools you need Go here for details.

by Jules_Dawson

Hi there,
I'm Jules and I am a full time investor and educator. My 'work' takes up an average of only 6 hours a week and my income is derived through... (more)

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