Celebrity Real Estate
Once you get the hang of the approach I use, you can then build a portfolio with $1 million of real estate using only $100. How? Let's do the quick math.
In the Southeast, a modestly priced house is $100,000. Thus, we can use $10 to put a property under contract and with $100, we can put 10 properties (10 x $100K = $1 million) under contract. In the more expensive parts of the country, that number can easily be $2 million or more.
Let that sink in for a second…you can have over $1 million of real estate using only $100, and you never have to make a single house payment. Talk about leverage!
We repeat: you don't have to ever worry about making a single house payment so using this approach; you don't even need private lenders!
Here's a question that every investor asks before he/she buys a property. "Can I afford to have this house to be empty?" If the answer is no, then the investor will pass on that property, regardless of how much potential profit there is in the deal. Consequently, most investors rarely have more than 2-3 properties at a time because of the holding costs.
To be put this another way, the bottleneck in every real estate business is how much the investor can afford in holding costs.
This puts a ceiling on how much an investor can make and can also keep him/her up at night when a property is empty (we've had as many as 12 empty properties so we can relate).
Using this approach, where there are no holding costs, you can quickly build a portfolio of properties (5, 10 or more) and not lose any sleep at night, wondering if the properties are empty.
This approach works best on properties that don't need significant repairs. It can be used on single family homes, multi-units, apartment buildings and land. At its core, the idea of controlling properties without owning them has been around for thousands of years.
The reason you probably have not heard of it until now is because it's not commonly known by most investors.
This approach is so simple that most investors try to complicate it and then usually end up failing because they add too many unnecessary steps.
So you see, the key to having a million dollar real estate portfolio isn't about money at all - it's about control.
