Passive Income
In my opinion the most important stream of revenue . It should always be the goal which is one of the keys factors to creating wealth.
9 Steps to Becoming a Real Estate Investor
1. Identify Your Financial Stage
- Survival
- Stability
- Saver
- Growth
- Financial Independence
2. Choose a Specific Real Estate Investing Strategy
Get to your next financial stage
3. Pick a Target Market
The area you live in does not have to be your target area.
The area your choose is a great factor regarding cost and labor.
4. Decide Your Investment Property Criteria
Remember if the numbers don't work then doesn't make sense.
5. Build Your Team
You will need a
- Mentor
- Realtor
- Wholesaler
- Contractors
6. Line Up Financing
OPM-Always use other people's money
7. Raise Cash For Down Payments & Reserves
10-20% of Purchase Price + Closing Cost
- Save
- Borrow
- Partner
8. Create a Plan to Find Deals
- Realtor
- D4D
- Newspaper
- market
9. Start Investing
You are now ready to purchase and rehab an Investment property.
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