Sunday, May 6, 2012
Real Estate investing as a Buisness means FREEDOM
I used to own a Dairy Queen in Scottsdale Arizona that cost me about $250,000 to open. That proved to be a very low profit and very heavy workload business. I basically spent 80 – 100 hours a week working that store. I ended up making $20,000 – $30,000 a year doing that business. I sold the business and broke even and was happy to do so, the prison sentence was over. Now I do real estate and our profit is high in my workload is way less. Once I get a property done we get a tenant in and make 15% or better on our rental income. Our average equity position is around $30,000 – $50,000. From time to time I have to go do a little maintenance but I don't have to show up every morning or work 80 – hundred hours a week. Using real estate as a business format is a great idea. I have two investors that started a real estate business and have purchased 10 properties and recently purchased a new one as of Friday of last week. They generate right at $7000 net per month on their properties. They have very high quality investment real estate in great areas. They have a total of $500,000 invested and have well over $400,000 in equity. That makes their current rental returns at almost 17%. That is just on the rental if you add the equity that's another 80%. I don't know what business you're going to buy that will get those types of numbers, and you do not have to work 80 –100 hours a week. You may say I don't have $500,000 to start a business? There are a lot of ways to get that money including getting partners to help you with the initial investment. Don't forget about your IRA account it can be converted into a cash flowing machine with your self-directed checkbooks. We have another client that's purchased five properties that generate her $3125 per month. That's $37,500 a year of net cash flow. She will also have $200,000 in equity that she can cash in in the near future. That's a 19% return just on the rental return! So if you're thinking about starting a business and you don't want to put in 80 – 100 hours a week then look at real estate. There is no other business with these type of returns and not working all those hours to make sure your business is generating income. With our turnkey approach we help you not only find the property we keep it generating a high income for years to come. In the Cleveland area real estate has doubled in sales from last year, so the time is getting near the prices and inventory are really going down. Rents are high and real estate is very affordable. So call Brett today you started on your real estate business 602 – 363 – 6551.Or visit our website Www.rooftopinvestment.com
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