At least 30 U.S. billionaires made their money from real estate; some say that it’s the greatest way to create real wealth and financial freedom.
These six tycoons and members of The Oracles suggest how you can invest $100,000 or start with nothing.
These six tycoons and members of The Oracles suggest how you can invest $100,000 or start with nothing.
Tai Lopez
Image credit: The Oracles
1. Start small.
Although I’m a businessman first, I've always been a part-time real-estate investor. You can do both, too. Have a business or career that creates positive cash flow, which you can diversify into part-time real estate investing. I've done it for many years.
If you’ve never invested in real estate, start small and don’t use all your money. No one's ever looked back and said, "My first deal was my best." You’ve got to learn how to read the contracts, build your network of specialists—for example, lawyers and realtors—and develop a good eye for it. This only comes from experience.
Although I’m a businessman first, I've always been a part-time real-estate investor. You can do both, too. Have a business or career that creates positive cash flow, which you can diversify into part-time real estate investing. I've done it for many years.
If you’ve never invested in real estate, start small and don’t use all your money. No one's ever looked back and said, "My first deal was my best." You’ve got to learn how to read the contracts, build your network of specialists—for example, lawyers and realtors—and develop a good eye for it. This only comes from experience.
Read More: https://www.entrepreneur.com/article/296937
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