If you are using the automation and outsourcing techniques that I teach in my Push Button Method and in my Six Month Mentor program, you will eventually want to outsource your buyers.
This can save you a huge amount of time and effort and is not that expensive to set up. There are some issues you have to solve before it will be an effective strategy — watch the video for details.
Read Joe Crump’s Blog:
Six Month Mentor Program
Joe Crump’s website:
Read the Transcript:
Bringing in a ,000 monthly income is more than just possible; it’s a reality for plenty of real estate investors.
“Based on my own background, the main thrust is, ‘Where is all of this leading? What’s the finish line?’ For example, how do I create a minimum ,000 a month permanent income, not lease options that can cash out? Besides paying off the single family houses, which is great, how do small to large apartments and self-storages figure in this ultimate plan? In short, where is all of this leading?” — Jeff from Seattle, Washington
Joe: Well, the goal is to have 100% passive income and just like you say here, if you can get ,000 a month, you have 0,000 a year and that’s a pretty good income, and if you own rental property or real estate in general, typically rents go up over time because inflation makes them go up, so that makes your passive investment inflation proof. If you buy a fixed cd or annuity and you know it’s going to be _x_ amount of dollars, you know that it’s going to stay the same until you die, whereas real estate has the potential to go up and the likelihood is that it will go up over time.
Joe: Values fluctuate and we’ve all seen a big adjustment in values across the country, but income has stayed pretty stable across the board, all over the country, and we’ve seen a little bit of adjustment in rents on the downward side over this last year or so. I was surprised that it didn’t drop earlier but it didn’t. Then we’ve seen in the last year that it’s dropped maybe 5 to 10% in some places.
Joe: But it’s still a good solid investment. All of the real estate that I own is still bringing in income every month. I own property free and clear. I also own property that I bought “Subject-To” that is paying off a loan over time and will work really well, and I even bought properties that I used loans to do. You can’t get investment loans these days that make any sense at all, and I wouldn’t suggest that anybody do that (there are some other problems with that as well which I won’t cover in this program).
Joe: The other question you had was,
Jeff: “Should I buy commercial property like multifamily and self-storage?”
Joe: If you have the cash, they can be good investments. If you look at single family homes and you look at the rent to price ratio, it’s much higher on a single family home than it would be on a commercial property, depending on where you buy. If you buy in good solid, blue collared neighborhoods where you can get substantial, professional, competent property managers, that’s what you want, because for it to be passive income, you have to have a good property manager to handle the work for you, or good property managers if you’re in multiple areas like I am.
Joe: It’s very important to have good people that can do this for you. You don’t have to manage the properties yourself, whether it’s self-storage or commercial. So if you have good property management, it’s one of the reasons to buy commercial, which from what I hear from people that own a lot of commercial property, is easier to manage.
Joe: But you also have the potential for more vacancies, especially in a volatile economic environment. And you still have to make payments on the mortgage, unless you paid cash for the property, and then it doesn’t hurt as bad, but it still means that you’re going to have less income per dollar that you spent. So if you want to get a 5-35% return, which you can do in real estate and which I’m doing, and if you do even more things to it like become active in the investing part of it or you turn around and sell some of the properties that you buy, then single family homes make a lot more sense for that reason.
Joe: I’ve done commercial, I’ve done self-storage and have worked in those environments but I like single families better, and the majority of what I have in my portfolio is single family homes, and I’d recommend the same for you.
To read the rest of the transcript, click here: http://joecrumpblog.com/how-to-create-10000-passive-monthly-income-and-retire-real-estate-investing/
average salary for real estate agents
real estate salary
real estate agent salary pay scale
average salary united states
average salary of real estate broker
Hi I’m Brian S. Mahoney of http://www.briansmahoneyonline.com/. I’ve been real estate investing since the days of Dave Del Dotto and Carleton Sheets.
Unfortunately Instead of buying real estate many people are looking for apartments to rent, houses for rent or they finally get a real estate agent to use the mls to find homes for sale.
Today the Stock Market is shaky. Paying back student loans have many people looking for more money because of so much debt.
Your family might win scholarships or you could take out personal loans. But Learning how to make money is better and Learning how to get free money is even better.
Free Government grants are real. In the past year alone I have personally used 3 government grant programs.
For example there is a government project grant To assist and encourage innovation aimed at improving the efficiency and performance of a food marketing system.
What details do you need to get this grant?
It’s Grant Number: 10.156
Agency: Department of Agriculture
Office: Agricultural Marketing Service
Janise Zygmont,1400 Independence Ave SW,
Washington, District of Columbia 20250
Phone: (202) 720-5024.
Would you like to know all of the free money government grants for residential real estate? How about all of the free money government grants for commercial real estate?
Or how about a database of over 1,000 private and hard money lenders. Many who don’t require credit to give you real estate investing cash!
Imagine a independent hassle-free lifestyle of peace of mind, while you and your family live the All-American dream of financial security and prosperity. Just hit the link in the description and Go to my website right now and Learn that you have the right to Take a efficient, and a balanced approach and get the results that restore a life and a culture of casual elegance and innovation that you want, and your family deserves.
Don’t wait…You’ll wait your life away… I’m Brian S. Mahoney.
Thanks for watching! And make it a great day!
Brian S. Mahoney ,
real estate investing
Dave Del Dotto ,
apartments to rent
houses for rent, real estate ,
homes for sale,
how to make money ,
free money ,
residential real estate,
commercial real estate
hard money lenders,
peace of mind,
financial security ,
the right to ,
a balanced approach,
a culture of,