I have started writing a short ebook on how to make money by investing in real estate. This is intended for the average person who has little or no cash to start but has a desire to invest in real estate and start making money. Over time, I will post the entire ebook - a chapter at a time. Here is my introductory chapter.
Chapter One – Highlights of How to Make Money
Most people dream about how much easier life would be if they had money. They could work less, take trips, have nice things, and provide for their family. How does one create that situation? The lucky ones are born into money, but for those of us who are not, we have to work at.
So what can you do to make money? Well, the key to making money is having money – in most cases it is much easier to make money if you have at least some money to start with. Many of us do not – so then what? Well, here is your first big piece of information – you will not make it rich by going to work each day, bringing home a paycheck, and having a savings account. You have to be more proactive than that.
Some folks invest in stocks. If you are dedicated and learn the market so you invest in the right stocks and of course have the money to invest to begin with – maybe you could get rich that way. For me, it doesn’t work. First, you have to have money to invest – I didn’t. Second, you need to really learn the stock market and spend a lot of time investing. I am a smart person, I have a Ph.D. in the area of Mathematics – but stock market investing is still a challenge to me. It still seems like such a gamble and I don’t have any influence on the outcome. Sure, I do the 401K stuff for retirement but even with that, I have watched my money decrease over the years only to finally get back to the starting point 6 years later – what a waste of my money. I could have been much more successful investing in real estate for those 6 years!
So – yes, this ebook on making money is about investing in real estate. You hear it all the time – real estate makes money. Over the long run, history has always shown that you make money in real estate. How do you get started? What if you have no money? How do you know what to do with real estate? This short book will hopefully provide you with some information on what you can do to prepare for your investments and what to do when you are ready to get started. This book is designed for beginners, not for seasoned professionals.
There are many ways you can make money in real estate:
1. Flipping houses
2. Buying good deals, holding for 2 years and moving to another good deal
3. Buying and holding properties by renting them out
4. Combining #1 and #2 – buying and living in your flip and then selling 2 years later
6. Lease / Options
There are more ways too but these are the ideas I will focus on. I will discuss how to get started including what you can do to prepare yourselves for this adventure. I will talk about financial options, how to flip, how to be a landlord, how to find the right property, different ways of counting your “income” from your investments and more. Tune in for more …