It was stated in an article that there are better ways to make money - bigger returns I think - than in RE. What are they?
Winning the lottery!
Other than that, real estate is the best way to establish passive income and long term wealth. Real estate allows investors to utilize leverage of money, meaning that it only takes $20,000 to invest in $100,000 worth of real estate. In the stock and commodities markets it takes $100,000 to invest in $100,000 worth of assets.
That alone makes real estate the best, IMHO. If you’re still not sold, factor in appreciation amount, cash flow, and favorable tax treatment by the IRS to real estate investors and it’s a no brainer.
Anyone who witnessed the dot.com bust in 2000-2001 or read about the rampant corporate fraud cases documented over the past years by so-called “safe” companies in which to invest has seen the downside of the stock market. Global instability in the commodities market makes that difficult to guage as well.
Even though we’re on the downside of this particular real estate boom it’s still a great opportunity to make money, especially for buyers looking to hold real estate, as they are gaining more leverage as housing inventories rise.
Building a solid business will give you infinite returns and more passive income than you can imagine. In Kiyosaki’s wealth quadrant, the B-quadrant (B=business) is the one to be in after the I-quadrant (I=Investing). The two quadrants to get away from are the E-quadrant (E=Employee, which most people are) and the S-quadrant (S=Self-emplyed).
Send an application to FEMA.
Da Wiz
Yeah but Kiyosaki forgot one catagory… L-LAZY which there are more of those then anyother catagory
Perhaps, but he’s certainly tapped into the H quadrant. Hope. It’s selling like hotcakes.
That is for sure. Now to respond to the question here.
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There is great money in network marketing if you use it right. Example I am currently with 3 different network marketing companies I use them to keep people out of Real Estate they ask How I make so much $$ in RE I tell them I really don’t I make more in network marketing they sign up under me and I make $ every time they sell something.
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There is even better money in venture capital. I work with a good friend of mine that lives in AZ. He always has something going on example www.avthechgroup.com it is almost a fighter jet for civilian use back 7 months ago it was 25k down on the contract and 2.2 million for the plane when it was done. Now that the plane is going public and it is something like $250k for the contract and 3.4 million for the plane. Now the cool thing is the waiting time for the plane if you bought 7 months ago it was a 3 year wait now it is 4-5 years for the plane. So the contract you would of bought 7 months ago is now worth $250k-400k because the wait time is lower as well as the purchase price. Rumor has it the contracts will be worth over 1 million just simply do to the wait and the estimated wait time for the plane.
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Still having to do with Real Estate. Tax liens where else can you make 13% APR minimum on your money. I tell everyone that your chances of ending up with a house is slim. You probably have a better chance of winning the Lottery. I know of 1 investor that ended up with 1,300 acres of land for $1356.00 That’s a great return on investment.
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Well never mind 4 I have probably bored you enough with 1-3
No, actually, I’m all ears.
And I’ll add my 2 observation cents - selling information. Build it once, sell it forever. Now there’s passive income!
…and the upkeep on it is far less than rehab, evictions, etc.
I realize that REI is a great avenue to wealth, but I am considering being a HML or buying notes because I know I don’t want to be a landlord.
Sales seems to be the methodology for wealth/revenue given the potential for earnings. In one of the REI articles, an author stated there are more sales persons making million dollar commissions than million-dollar level REIs.
Please, don’t get me wrong, i’m certainly not knocking REI. It is because of REI, Sheets, RK, you all, etc… that I’m getting more and more excited about, and comfortable in, the level of awareness I’ve reached concerning growing wealth, and having the ability to do so in my reach. I’m simply trying to educate myself about what to do as it best pertains to my situation.
REO, if you feel that the rest of the list is too off-topic for this thread, please email me offline. I’d love to continue the discussion.
Many thanks, gang…
CC
i think RE is the great way to make money. however i’m looking into oil and gas investments because i think their time has come.
that being said, RE is an investment for all seasons!
1.Start and run mutliple, but simple businesses.
2.Talented managers who still have “employee” mindsets
3.Stick to businesses that require very little capital…a lot of grey-matter and alot of leadership.
4.Pay everyone on commission.
Other than that, I would invest in vonage, space traveling, live-video telephones, and anything that supports globalization.
Invest lots of money in sugar…ethanol will come, and sugar increases slowly
i doubt sugar will be a viable source of ethanol in the states. its taken brazil 30 yrs to achieve oil independance and its due to the fact that they can grow sugar cheaply there.
We can’t over here. invest in oil wells instead!!!