In Real Estate if you find a ca$h flowing property, you’ve crunched the numbers and they all look good, then how many zero down properties could you afford to acquire?
I.e Purchase a Duplex (house hacking tip) essentially zero dinero down. Offer $5k down owner financing, buy over market value/full asking price, use a credit card advancement to fund the down pay and closing costs. Property cash flows every single month and then raise the rents, which will increase the value of the property. Finally SELL IT, make around $50,000.
Lets recap… Cash flow every month! Profit on the sale after a couple years! Making money out of thin air is TOTALLY POSSIBLE and PROBABLE, if you know what you are doing. Now go out there and buy up those properties TIGER!
One word of caution: don’t get over leveraged… You do wanna eventually have some equity in these properties. And make sure you have CA$H reserves on hand for repairs. Hint: Part of ca$h reserves, although it might not actually be cash is to have a line of credit at your local Home Depot or Menards (if you live in Eau Claire, WI, like we do).
BOOM… Poof… $$$ CAN BE made out of thin air, thick air…whatev air.
Reap the benefits, what a breath of fresh “financially free” air!