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How To Get Rich

By Author: Adah Avena
Total Articles: 1

If you do a study of how the rich people make or invest their money then you will find that almost all rich people have either made their money in real estate or they keep their money in real estate. In Warren Buffet, the world's greatest stock investor has a huge real estate portfolio. Real estate can be one of the easiest investment vehicles for becoming rich. I want to show you the basics of how to get rich in real estate.

Let me just say straight up that there is more than one way to skin a cat. There is more than one way that you can make money in real estate. There are thousands of people becoming millionaires with different investment strategies. Some people buy old houses, renovate them and sell them. Some people buy land, develop it and sell it. Some people subdivide land, some people build skyscrapers, some people buy and hold. I am not going to go through every strategy, but I am going to go through a strategy that I believe anyone can use to become rich. how to get rich online

I am not a financial advisor and this article should not be taken as personal financial advice. Everyone's situation is different and thus they should invest differently. This article is created purely to educate you in how you can become rich through real estate.

If you have ever looked at real estate you may have hear the terms 'positively geared' and ' negatively geared'. Positively geared property makes more money in rent than all the expenses combined, this means every month you are putting money in your pocket. Negatively geared property means that you have more expenses than rental income and thus it costs you money each month. People negatively gear property because they hope to make money from capital gains when the property is sold.

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