The first thing to consider when creating your own economic stimulus is how much money you need monthly? How much does it cost you to live every month? Remember to include your must have’s; car payment, mortgage, food, toothpaste etc. Do not forget cable, savings, the second car, your vacation budget too. This is the number you need for cash flow.
Next, determine how many properties are needed to reach that number. Example: 10 properties in the selected Midwestern cities. Average cash flow is $300 a month which multiplied by10 equals $3600 a month or over $42,000 per year.
The average equity is 25-70K per property. So you have between $250,000-$700,000 total equity. Equity is your nest egg. It is like a savings account that can be tapped into through re-financing, sale or lease option. This is the money that can be used for those special and unexpected costs.
This is a great cash flow and economy booster for you. As you can see, a fortune can be made in real estate doing it this way.
All of the above numbers are based on actual appraised values and neighborhood comps. Get you economy going today. Don’t wait. The sooner you start, the sooner you will have a strong financial future.
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Brett young
Valley Realty
Owner/ CEO Roof Top Investment
Real Estate Investment
http://www.rooftopprofitmax.com/
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