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Do the math and the truth will show its self. There is not enough profit in real estate deals to create the massive profit that is touted by the new real estate marketers.
Sit down and do the math. The real math, not snake oil salesmen trying to make a buck off of you. Do the math yourself.
A great living and a fortune can be made off of real estate if a person has a good foundation in the basics of buying.
Passive income is a 'buzz word' used by city slicker snake oil salesmen to get your money. If you really do the math on a deal you will see the truth. Go out find a great property to buy. Now do the math, if you hire people to do all the maintance, then a property managment company you will be in the Negative Cash Flow. There will not be any passive income until inflation takes the rents up to where the property is making a great income above what it was making at the time of purchase.
Just do the math it's very simple to see when you are honest and do due dilligance in these matters. All successfull real estate investors are hands on people. Check out Donald Trump, a hands on guy making a fortune on real estate, it can be done. It's not done by the way the new real estate marketers are saying it can be done.
Donald Trump did what I do he buys undervalued properties that need much upgrading and he negotiates a great deal. He then oversees the design, decorating, renovations. He is hands on he has his own property managment company to oversee the managment. This is how he does it now. It is not passive income. He is there overseeing ever dollar spent and knows what he will make on the deal before it is done.
New investors do not have the money to do massive renovations like I am now doing. This requires cash not credit. What happens if in using credit you can't get it sold or rented as quickly as you thought? You go into foreclosure and lose it all.
When it comes to buying real estate it takes a good understanding of real estate math. Learn the math then do the math and you will see who is lying to you.
These people are selling the reports and classes because they have to not because they want to. They need you to earn their living.
Where is their passive income. Smoke and Mirrors....
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This page was created on July 31, 2008
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