LET'S GET REAL ABOUT REAL ESTATE A SERIES ABOUT PASSIVE REAL ESTATE INVESTMENT BY MARGO SPILDE
Owning or controlling real estate gives you options to take advantage of opportunities that provide you with freedom. Let's get real about real estate. SUPER SNEAKY WAYS REAL ESTATE ENHANCES YOUR CURRENT STRATEGY PART 1
Have you seen people who bought real estate and became "accidental millionaires?" Nobody ever thought that person would make something out of themselves, and look at them now. Why did that work for them? More importantly, how can you ensure it will happen for you? Here are five sneaky ways real estate enhances your current strategy and gives you options and opportunities for greater freedom and autonomy. Once you understand the how, the why becomes easy. This information will motivate you to work towards buying investment real estate intentionally to provide a definite outcome.
The foundational piece of the real estate strategy is cash flow. After paying the mortgage, insurance, taxes, property management fee, and any utilities or expenses from the rent received, you have left over the net cash flow. Depending on the property, your net cash flow may not be very high initially. That can make real estate feel frustrating when it is get rich slow process. There are creative ways to increase your cash flow, and often, there are ways to trade off what you invest that may not be money to gain property ownership. The four pillars that hold up the roof in your real estate investment property are leverage, depreciation or tax saving strategies, appreciation, and inflation-adjusted rent. Leverage is other people's money or OPM. In its most common form, this is a mortgage from a bank. There are a variety of financing strategies that I will cover later in the series. For now, it's important to note the benefits of getting financing is not simply because you don't have enough money to pay for the entire property.
One super sneaky way that owning real estate enhances what you are currently
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