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- Jul 24, 2007
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Most anybody can rent out apartment buildings. The trick is acquiring enough of them to make it worthwhile. The real money is in purchasing properties at a low cost and selling them at a higher cost. Repeat this until you are ready to settle in with the cashflow.
My recommended method for acquiring your first property is to do whatever you can to build capital. You can get a high paying job, beg, borrow, steal, get investors, take it from your retirement accounts, etc....
Once you have the capital to start, then you need to figure out how to force value (buy low, sell high).
My recommended method for acquiring your first property is to do whatever you can to build capital. You can get a high paying job, beg, borrow, steal, get investors, take it from your retirement accounts, etc....
Once you have the capital to start, then you need to figure out how to force value (buy low, sell high).