Imagine making $5000 a year from real estate investing without recognizing you are real estate investing!
Real estate values are so dynamic. The marketplace is always fluid and changing. The only constant is the eventual escalation of value.
Suppose you had owned that little piece of property in your neighborhood years ago where McDonald's is located today. If you had owned it for 20 or 30 years, what would your profit be from that sale?
Real estate values fluctuate in cycles and according to a myriad of owner situations. However, the price of real estate almost always goes up.
Let me give you a real-life example. (And if you are old enough, you have your own similar story!)
In 1970 I bought a little house in the Green Hills section of Nashville for $27,000. You know it wasn't much because of the price. But it was home, and the location was respectable.
In 1978 I sold that house for a bigger house in Green Hills. The sales price for that little house I sold was $67,000.
That's when the light bulb went off in my head! I suddenly realized that I had profited $40,000 from that little house in only eight years. I hadn't added any more rooms or a patio. And I hadn't even painted. I was witnessing first-hand how property values increase, often drastically!
I made a $5000 profit per year from that house, just from living in it.
It was an amazing discovery to me. It had been a reality forever, but it was no longer a vicarious experience in my mind. It was alive, because it was happening to me. And it changed my view of the world. That personal experience led me to start a real estate investing career.
I still live in Green Hills, and I pass that house every day on the way to the post office. That house recently sold for $200,000. Same size. Same location. But a phenomenal increase in value.
Asset growth from $27,000 to $200,000 is pretty astounding. And while the asset growth ratio varies from property to property (and city to city), real estate values generally increase. Even owning and maintaining your personal residence is cash generation right under your nose. I can't believe I was so dumb not to see it before it became so apparent.
If even home ownership can be so profitable, can you fathom the profitability in real estate investing?
Phil Speer, Ph.D., started his real estate investing career 25 years ago. Without the availability of credit and using only a $10 bill, he purchased $1 million in properties in his first year, and had accumulated $10 million in properties by his fourth year. He was featured in a Wall St.Journal editorial as most successful investor in the Nothing Down Real Estate Movement, and was honored with a Caribbean cruise as top investor of the year. In his hometown of Nashville, Tennessee, he has been a businessman and Human Resources Consultant for 30 years. He is an author, speaker and seminar director. To learn how to profit in real estate investing, even without cash or credit, read his report at at http://www.CashinHouses.com/. Subscription is free to his Fix-up Ezine. He and other contributing authors provide free articles and resources on real estate investing at his online "Academy of Advanced Real Estate Investing Techniques" - http://www.AAREIT.com/.
![]() |
|
![]() |
|
![]() |
|
![]() |
As a successful Boston real estate agent, it always puzzled... Read More
There are five major factors to consider when selling a... Read More
You decide to sell your home and believe you can... Read More
There has been a lot of talk lately about the... Read More
We all have had the experience of someone important coming... Read More
Even in this hot real estate market, selling your home... Read More
The UK has gone property TV crazy. There are now... Read More
A lakeside vacation or second home can be a quiet... Read More
Real estate stories radiate from the water cooler and cocktail... Read More
Repairing a rental home (or your own home) use to... Read More
Even though rates are down opening up the market for... Read More
Money in escrow is "dead money". It doesn't earn interest... Read More
After riding the ups and downs of the stock market... Read More
The typical landlord starts off life as a light hearted... Read More
Real estate investing usually begins with the purchase of a... Read More
In a previous article we introduced you to the concept... Read More
I had a hard time at first with real estate... Read More
The biggest secret of conducting a successful lease purchase business... Read More
As you are making your cold calls on property, you... Read More
The Echo Boomers or Generation Y currently make up about... Read More
You've probably seen the ads or heard about apartment locators.... Read More
A lot of buyers think that a new house is... Read More
Bankruptcy Will Stop Your Sale - At Least For Now... Read More
When investing in real estate, it is highly desirable to... Read More
Lighting is the most important detail of interior Design Psychology... Read More
Changing social trends point to a huge rise in demand... Read More
Is it your dream to one day own a holiday... Read More
So you want to buy a home? This is a... Read More
Do you want to build wealth through real estate? You... Read More
For decades, the real estate world turned in a predictable... Read More
Selling property privately has many advantages over using an estate... Read More
Aloha! If you are interested in choosing a Maui income... Read More
Prospecting for leads is by far the most difficult part... Read More
Purchasing a home is a major emotional and financial decision.... Read More
If you prefer a home that is unique and has... Read More
Is landlording the way to go if you are starting... Read More
An example of seller financing: Years ago I bought a... Read More
As a Professional Real Estate Inspector I get to see... Read More
In this country millions of homes are sold every year.... Read More
STEP#1. First you have to recognize that in order to... Read More
If you have a current mortgage and are unhappy with... Read More
I start my marketing with obituaries followed with probate filings... Read More
Horses In My Back Yard by Jody Hudson, with Extensive... Read More
Real estate values rise and fall in cycles. Currently home... Read More
Twas the night before Christmas and all through the house... Read More
Negotiation is where many FSBO home sellers really have problems.... Read More
Location, location, location - known as the 3 most important... Read More
It's high time someone advocated the use of common sense... Read More
With interest rates at record lows over the past year,... Read More
Property Investing: A Buyer's Secret Weapon When Purchasing Real EstateMy... Read More
Real estate investing is not in any list of high... Read More
The Escrow ProcessBoth Buyer and Seller deserve the assurance that... Read More
San Diego county has always been known for its Luxury... Read More
Real estate investing professionals look for all possible tax deductions... Read More
A typical real estate commission on a $234,000 home (national... Read More
Description: Even in uncertain economic times like these, history shows... Read More
Given the current interest (dare I say hysteria) associated with... Read More
If you don't have the time to invest working on... Read More
Avoid 12 Common Mistakes Made by Novice Investors and Ensure... Read More
Since you are a business oriented person, you might be... Read More
The physical senses of buyers respond to a home's design,... Read More
It's amazing how important the sense of smell is to... Read More
Did you realise that there is a lot you can... Read More
Whether you list with an agent or sell on your... Read More
So, it's home hunting time. Where do you start? Who... Read More
After riding the ups and downs of the stock market... Read More
Real Estate |