Learning and knowing your equity position can make you 6 x richer than not. Buy a home in the Phoenix area, (I talk about this area because I have purchased 200+ homes here and understand the market), where the average single family home cost $150,000-$250,000. After all the repairs you are going to have around $30,000-$50,000 in equity. If you rent the unit (tough to sell in this market) your net maybe $200 a month tops. That’s just an average. You may do a little better or a lot less.
Now consider the Midwest. After purchasing a home and fixing it up, your going to have a $50,000-$70,000 equity position and net $300-$600 a month. The difference is being able to buy 4-6 more homes for the same amount as you would pay for 1 home in Phoenix. EX: $150,000/$40,000=4 homes $250,000/$40,000=6 homes. 4 x $50,000 equity =$200,000 or in Phoenix 1 x $50,000 equity =$50,000. You can see that the difference huge! This is the wealth building difference that the cost of homes in the Mid-west makes.
That is how you make more money with your money! It’s not magic, it’s just a different way to do it. Rents plus the purchase price allows to you put cash flow in your pocket. EX: $300x4=$1200 per month vs. maybe $200 in Phoenix.
So please check out are system before you buy. I don’t just teach, I am an active investor too, just lke you.
--
Brett young
Valley Realty
Owner/ CEO Roof Top Investment
Real Estate Investment
http://www.rooftopprofitmax.com/
Now consider the Midwest. After purchasing a home and fixing it up, your going to have a $50,000-$70,000 equity position and net $300-$600 a month. The difference is being able to buy 4-6 more homes for the same amount as you would pay for 1 home in Phoenix. EX: $150,000/$40,000=4 homes $250,000/$40,000=6 homes. 4 x $50,000 equity =$200,000 or in Phoenix 1 x $50,000 equity =$50,000. You can see that the difference huge! This is the wealth building difference that the cost of homes in the Mid-west makes.
That is how you make more money with your money! It’s not magic, it’s just a different way to do it. Rents plus the purchase price allows to you put cash flow in your pocket. EX: $300x4=$1200 per month vs. maybe $200 in Phoenix.
So please check out are system before you buy. I don’t just teach, I am an active investor too, just lke you.
--
Brett young
Valley Realty
Owner/ CEO Roof Top Investment
Real Estate Investment
http://www.rooftopprofitmax.com/
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