When we look back ten years from now to today. Millions will be saying....why oh why didn't I buy that home when I had a chance.
THIS IS THAT TIME!
RECIPE to be A Milionaire.
Buy ten houses, (with 15 year notes), worth 1 million dollars and have the tenants pay for it.
In fifteen years you are a millionaire.
It is a simple and tried and true recipe that I myself have followed!
And in this time of crisis for many people, just how the heck does someone buy 10 properties?!? Do they pull money out of their arse? People are really struggling right now, so this is a very 'emotional detached' post to say the least, IMHO.
There has always been opportunity in income property investment. An investor with the ability to do the financing and to do the property managing may have more opportunity now than ever. An investor without the skillset to manage property, but with the brains to recognize his/her shortcoming can be successful with the assistance of a good property manager.
I started buying properties 5 years ago, I am a 1/2 millionaire on paper. You are corrrect, but one has to have a positive attitude, unlike Carla.
It's true that many people are struggling and not able to consider any investment. To Carla, I ask, where will the people who are losing their homes go to live if not for investors providing good rental property for them?
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