Some people are now educated on how owning real estate can change lives. Owning what people call the American Dream … A HOME, to call yours. Right now the market is great !, you can see statistics in [http://www.rayspencer.agentplace.com]. Ask yourself this question ??? If you had $ 100,000.00 today, what would you do with it? Would you pay cash for a $ 100,000.00 home and own your home free and hassle free? Well that’s the mistake most people make. Real estate is probably one of the only investments you can make that will not depreciate too much in value over time, although it does run out of value sometimes. Let me tell you what I would do. He would take the $ 100,000.00 and buy 5 houses. By just putting $ 20,000.00 in each house and then renting 4 and living in your own. If you are wondering why I would do that, let me tell you. First of all, if you paid cash for your home today and the value of your home increased from $ 100,000.00 to $ 125,000.00 in 2 years, you would have made $ 25,000.00 on a single purchase. But look at it this way, if you had followed my advice and bought 5 houses and each house went up $ 125,000.00, you would have a PROFIT of $ 125,000.00! That’s NET in your pocket. And the longer you own the houses, the more they will be worth. So if you sold all 4 houses, you will make a profit of $ 100,000 plus the initial investment of $ 80,000.00. Now if you want to pay for the house you live in, you can do so with the $ 80K and still have $ 100K in your bank account.
I bought my first house at 23 years old. I paid cash for my third home at age 26. I made ($ 1,000,000.00) million dollars in my 30s investing in real estate.
Now you know how I made my first $ 1,000,000.00 now it’s your turn.