Real Estate Values California
How to make a million dollars in real estate investment
I remember starting out as a real estate investor I had learned a very simple, yet mind-blowing strategy to make a million dollars in real estate. The concept was taught by Marshall Reddick, who is an avid real estate investor, and to date, he has over 200+ real estate rental properties in his portfolio.
It could not have been said better than Marshall himself. To make a million dollars in real estate, you must:
- Borrower a million dollars
- Have someone else pay it back for you
Simple as that. How does it apply to real estate investing, you may ask? Well, all you need to do is purchase enough investment properties worth a million dollars total, and have them rented out. That essentially is borrowing a million dollars in mortgage debt, and have your renters pay back the debt for you.
For many people, borrowing a million dollars may seem out of reach, but just as you would eat an elephant one bite at a time, so is buying real estate properties – you buy one house at a time. Unless you live in California, there are still many states that you can purchase a home for around $100k. Even if you are residing in California, you will need to stretch your vision and reach out-of-state.
Many people fear owning a property, let alone owning an investment property out of state. However, as a true real estate investor, you must put yourself in the mode of a business owner. real estate investment is a business, and like any business, it may come necessary for you to hire people to work for you. That’s what realtors and property managers are there for. In order to really expand your real estate investing business, you must get comfortable with hiring property managers to manage your properties.
We have all heard good debt and bad debt, so don’t let the concept of owing money scare you off – especially when you can have someone else pay it back for you! As an added bonus, real estate value on average has never gone down in value in history. You hear people losing money in real estate because they could not hold on to their properties and they let them go at unfortunate times. Even if real estate value do go down, you should never fear because you have someone else paying your mortgage – your renters. As good as the concept of making a million dollar in real estate may sound, fear not and take the first step in your real estate investing.
About the Author
Steven Chang is a seasoned real estate investor. If you want to get in the game of real estate investment he highly recommends Marshall Reddick Investment Club at http://www.MarshallReddick.org
Does anyone know a Hard Money lender that can fund a bulk REO portfolio purchase?
I’m a California real estate agent/Investor.My real estate office has an established relationship with Lender Clearing House that offers custom bulk Bank-Owned Real Estate (REO) portfolios ranging from $2 million and higher. I would like to purchase properties at 50% or better (3% purchase fees + 3% closing costs + 44% property value) on Single Family Residences (SFR). Most hard money lenders only handle 1 property at a time. I have found 1 lender wanting 10% down = $200K, but that’s entirely too heavy to lift by myself.
A $2M portfolio is roughly 8-14 properties in the San Fernando Valley. I need help locating a reputable lender that is willing to fund on the structure of the deal, all property will be immediately resold at 90% (est.). Can anyone help me?
Ha let me tell you as someone who has spent months looking for one, it can feel like a unicorn. I’ve found two that will do it. Email me at frankfihn at gmail dot com and if I send you a lender to do it, I’ll expect a small referral fee.
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