Genius Types

In the business of real estate investing, three major players feed off of each other to spin the wheels of wealth creation.

Wholesalers, rehabbers, and hard money lenders form a symbiotic trinity in which each one is dependent on the others.

Wholesalers need rehabbers to buy deals, rehabbers need hard money lenders to finance deals, and hard money lenders need wholesalers to find deals to lend on.

Last week I did something that I never before imagined was possible. I made more money with a few phone calls than I did in my entire first year as a blogger.

I’ve made several comments over the years recommending real estate investing as the most powerful form of passive income.

The reason it’s so powerful compared to other passive income sources such as stocks, blogging, or bulk candy vending is: there are six ways it makes you money.

One of the greatest things about real estate investing is that anyone can do it. People think they need money or credit to become a real estate investor, but that is simply not the case.

Is $200 a month a lot of money?

How you answer this question speaks to your level of financial sophistication.

How Far Would You Go for $200?

Most people would not go very far out of their way to make an extra $200 a month. When compared to a monthly salary of $3,000 or $4,000; $200 sounds pretty insignificant.

The two most basic real estate strategies are: 1. Appreciation – Buying property you think will appreciate in value in order to sell it for a profit. 2. Cashflow – Buying property that will rent for more than the cost of holding the property. Appreciation Strategies Appreciation strategies are the more glamorous of the two, [...]

I picked up my copy of Buy Low, Rent Smart, Sell High by Scott Frank and Andy Heller at The Real Estate Wealth Expo in New York City a few years ago. It was the biggest convention I had ever been to and it was packed with over a hundred real estate gurus pitching every [...]

You’ve read a lot on this blog about how to create passive income with little or no money, and I’ve suggested several ways to start the trickle of multiple streams of income into your pocket; but where is all of this headed? In our quest to create passive cashflow inexpensively, we’ve been forced to make [...]

Of all the approaches to real estate investing that I have been exposed to (books, seminars, CD’s, and networking), the one presented by Mike Summey and Roger Dawson is the one that I have adapted as my own.