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Making Fortunes In Real Estate


Here is why: More millionaires made their money in real estate than any other way. Most people already know that. but. what they DON'T know is that the rules of the game have changed. It used to be the best idea was to buy a foreclosed property with a small down payment. Then you would rent the house and the rent would pay off the mortgage. But before the mortgage was paid off, that rent money would build equity in the house. Then you could use that equity to borrow money from a bank. And then you would use the money borrowed to buy another house, rent that house also. and. start the process all over again. Eventually, you would have a lot of houses worth a ton of money. The houses would be all paid off in full. plus. all the rent money you were collecting every month would keep you rich, fat and happy. You can still do it that way if you want. But. there are at least 4 really good reasons why you should NOT : Being a landlord sucks! Especially after you've had your 15th telephone call to come fix something in the middle of the night. It takes forever make any REAL money! It will probably be years before you are anywhere close to actually being rich. You have to have almost spotless credit to make money in foreclosures the way I just described! You have to have a fair amount of money to get started! If you don't have much. or. you are dead broke, you can just f...
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