2 Years to a Million in Real Estate
Format: PDF / Kindle (mobi) / ePub
Quit your day job!
Make a million in real estate!
It's easier than you think!
A few years ago, Matthew Martinez was a lot like you - he worked hard to make as big a salary as he could. But it wasn't enough. He worked by the clock, and yearned to be his own boss. With a small amount of savings, he acquired his first rental property. Two years later, he was making more from his rentals than he was working 9 to 5, so he quit his day job to oversee his real estate investments. Today, he enjoys a multi-million-dollar collection of income-producing properties--and he's ready to share his money-making strategies so you can begin your own journey to career and financial independence.
Two Years to a Million in Real Estateshows you everything you need to know, including how to
- Invest small amounts early-on while working a full-time job
- Avoid real estate “bubble” risks
- Get others to pay your mortgage for you
- Pick a hot property (and spot others that will become hot)
- Simplify the ins-and-outs of financing
- Negotiate like a pro
- Screen for reliable tenants
- Understand how local tenant laws work
- Hire good people to manage your properties
- Know when to sell
is not worth living without dreams. Thank you for always believing in me. Introduction The way to get started is to stop talking and start doing. —WALT DISNEY 2 Years to a Million in Real Estate presents a true account of the techniques I used to build a multimillion-dollar portfolio of rental apartments, which, with a bit of good fortune and considerable hard work, allowed me to replace the salary from my job with the rental income from my tenants. It is an accurate journal of my
estimates for repairs. The inspector's job is only to let you know what is wrong with the property, not to speculate on how much it might cost you to make repairs. 4. Punch list. If you determine that the property needs certain repairs done before you buy it, then this is your opportunity to submit a punch list to the owner. The owner can accept or reject your requests. He can also either make the repairs or provide you with an agreed-upon quantity of money (a credit at closing) to make the
rent. You are limited only by your own creativity when filling vacancies. Make the process fun and more exciting by trying all or some of these approaches. Always remember that your tenants pay your rents, which pay your mortgages, expenses, and salary. And this is what creates the positive cash flow that allows you to live in the style that you've grown accustomed to. Tenants are your clients, and they must be your top priority. Tenant Property Managers Having quality tenants in your buildings
dissatisfaction by pulling their money out of the equity markets and reallocating their investment dollars to a tangible investment like real estate—an investment that provides more control, and one that is insulated from the negative influences of corporate scandals and improper accounting practices. Today, there are more individuals investing in real estate than ever before. Some are veterans with decades of experience in both good and bad markets, but many are novice investors and speculators
lawyer, Marjorie Adams, who taught me the importance of understanding the laws that govern our industry. To Dennis Ford, Shawn Neal, Terry Hillery, and Ryan Zahoruiko, my friends and fellow investors, whose enthusiasm and passion for real estate are contagious, and to my childhood friends, Dave, Debbie, Erik, and Greg, who, early in life, set the bar high—thank you. Thanks also to Eric Gerritsen for advising me against returning to the 9-to-5 world and for teaching me, by example, the meaning of