2007-03-07 05:54:33 · 4 answers · asked by satouqi 3 in Business & Finance ➔ Renting & Real Estate
All the books I've read and all the time I've vested, I've found only one way....
It takes money to make money!
With that said, you really need to be in the know. A guy with a 100 million dollar line of credit isn't going to just talk to the first person that comes along trying to get him to work with them.
My honest advice, start your own business and learn to be an entrapenuer. If for nothing more than the tax advantage, you will be ahead of the wage earner.
2007-03-07 07:01:25 · answer #1 · answered by Anonymous · 0⤊ 0⤋
buy vacant boarded up properties and rehab them, then refinance and pull your cash out up to 75% loan to value and rent out the property. Start with 2 families so you'll also increase your monthly cash flow. Most likely you'll find them in the inner cities, just be careful because you have to know your neighborhoods as far as which ones are good and which ones are bad.
2007-03-07 10:24:07 · answer #2 · answered by Anonymous · 0⤊ 0⤋
That's a very broad question. Buy and re-sell is one way. Become an agent and get a commision is another.
2007-03-07 05:59:47 · answer #3 · answered by J. P. 7 · 1⤊ 0⤋
buy low and sell high
2007-03-07 06:02:05 · answer #4 · answered by SteveA8 6 · 1⤊ 0⤋