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You can borrow money from the bank in the form of a home loan to buy the property. Of course, it is all good and well if the bank gives you a bond, but how will you repay the bond every month? Another outstanding feature of buy-to-let property is the fact that you are not simply investing in a property that will appreciate in value over time, you are acquiring an asset that is also generating an income each month. And it is this immediate rental income that allows ordinary people to invest in property without hard cash, because the rental income from a well-chosen property will cover most, if not all, of the monthly bond repayments and other costs involved in owning and renting a property.

Once the bond is paid off, and it is possible to do so within as little as 11 years, you will have a property worth far more than R , thanks to capital appreciation, as well as an ongoing monthly passive income in the form of rental that increases in line with inflation year after year.

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And this dual return is achieved without a lump sum investment, and without a substantial monthly investment. To do this you would need to have a substantial property portfolio.

Remember, you need to use the money you make from your rental income to pay off your debt such as your loan amount, rates, taxes, agent commissions and maintenance. The amount you make after deductions and expenses only really makes sense if you have a large enough portfolio of properties. But how can you expect to grow your property investment portfolio to the point where you are making real money?

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Simple: by buying high growth properties and moving into cash flow by lowering your debt without paying it off in full. While this loan only pushes your LVR up slightly, during one year your properties will increase in value as will your rental income and by the end of the year your LVR will also be lower.

Getting Started with Passive Real Estate Investing

You end the year with more than you started with. To build your portfolio you need to be buying the right properties. Start with one project. Get your model set, tweak, then buy two. Continue and progress until you build a solid portfolio. Educate yourself, hustle, and create value. Take massive, determined action daily. Talk to brokers, call contractors, view open houses, and go to meetups.

Find it, then find someone like me and close it down.

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Source transactions that contain some core elements: they take the shortest amount of time to complete, and provide the maximum amount of profit while minimizing risk and the amount of cash you invest initially. Before really embarking, solidify your A Team advisors whose opinions you trust and B Team associates who turn the gears. Once you have a plan, pull the trigger. Experience has taught me that the winds of a favorable real estate market can shift rapidly; the last thing you want is to be anchored to a dozen unsellable investments. Finally, know the difference between buying, holding, and trading.

My primary strategy has been holding onto commercial real estate for the long term and trading out residential pretty quickly.

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Know your market. Want to share your insights like those above in a future column? Want to suggest a future topic for these entrepreneurs to answer? Email suggestion theoracles. Entrepreneur Media, Inc.

7 Steps To Building Wealth With Real Estate - Debt Free Dr.

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Revoke Consent Submit Consent. Content Partner Where brands share their insights. Finding success in real estate requires more than simply buying low and selling high. Next Article -- shares Add to Queue. Image credit: Petra Balekic The Oracles. The Oracles. I also learned the importance of ownership, equity, and cash flow.

7 Steps To Building Wealth With Real Estate

I can now rent that home to a section 8 tenant and receive positive cash flow every month in rental income. Now, imagine doing that over and over again; all your bills would be paid and you can truly create financial freedom. BE: Explain the impact real estate investing has had on your life. Real Estate has allowed me to have the life I always dreamed of and has given me the means to not only provide for my family but to also educate and empower my community.

I thank God for choosing me, answering my prayers as a child, and showing me that I can have anything I want in life as long as I meet him halfway by putting in the work.

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My godmother, Valarie Scott, who also invests and was one of my mentors early on, suggested I go to San Diego for a real estate seminar to learn about being a real estate agent. At the time, I was already successful in doing deals, but I was in the process of becoming a real estate agent.

follow url When I got there, it was a room full of about 1, people and there was a guy on stage teaching everyone and I was blown away. I said to myself from that day on that I was going to take all of my knowledge to educate and empower my community with it.