I was at a family Christmas Party and one of my family members started talking to me about Real Estate. I really do not talk about my business at these types of events but he did ask.
His issue was like a lot of other people's MONEY. He wanted to know how he could make money in real estate.
He leased a home and I told him that he needed to buy a home. Not only did he need to buy a home he needed to buy a home that needed some work so he could get some equity. Equity in a home is as good as cash.
You can refinance it or sell the property and collect the profit. It's really a great OPM(other people's money) way to create wealth. Personally I have made $100,000's of thousands of dollars using this strategy.
The home I am living in now I have created approx $60,000 in equity. That is real money that I could get via a loan or selling my property.
The same goes for investors getting a home that has equity it is real money. You need to know what updates are needed to attain the optimum value, but it will be worth it.
Equity is a key to the creation of wealth and as a homeowner or investor and it is easy to use mortgages to purchase this type of real estate.
I sold 2 homes this year that let the families purchase and remodel their new homes and create even more equity. That is giving them a better financial future for them and their families.
Make a resolution that you will start looking at the equity positions on any real estate you purchase.Equity creates wealth for investors and families.
Doing real estate since 1985 and a Realtor for almost 22 years
Call Me (Brett) 216-703-5740 Fathom Realty
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Thank you