We all hear success story's of millionaires in real estate. Which is very inspiring. These people usually buy cash flow property's in down markets making money through leverage. The other route that I find people use ( Which is much more rare) Is Real estate brokerage.
How do people start with nothing and end up billionaires in real estate? ... It seems like you would need a massive amount of liquid cash to invest which these rags to riches examples just did not have. Is there other Real estate niches that I am missing?
I am finally focused. I am now working on a plan so I can learn the proper knowledge and get into RE with a bang. But with so many avenues in RE It is hard to know the best route. I know some people here have said before to stay away from RE brokerage. But it looks like a great place to start and learn while making some money.
If you know anything about the real estate business I hope to hear from you.
How do people start with nothing and end up billionaires in real estate? ... It seems like you would need a massive amount of liquid cash to invest which these rags to riches examples just did not have. Is there other Real estate niches that I am missing?
I am finally focused. I am now working on a plan so I can learn the proper knowledge and get into RE with a bang. But with so many avenues in RE It is hard to know the best route. I know some people here have said before to stay away from RE brokerage. But it looks like a great place to start and learn while making some money.
If you know anything about the real estate business I hope to hear from you.
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