{"id":520,"date":"2020-02-21T11:55:20","date_gmt":"2020-02-21T11:55:20","guid":{"rendered":"https:\/\/www.propertyunder100k.com\/blog\/?p=520"},"modified":"2020-02-21T11:55:21","modified_gmt":"2020-02-21T11:55:21","slug":"how-to-get-rich-with-real-estate","status":"publish","type":"post","link":"https:\/\/www.propertyunder100k.com\/blog\/2020\/02\/21\/how-to-get-rich-with-real-estate\/","title":{"rendered":"How to get rich with real estate &#8211; or poor"},"content":{"rendered":"\n<p>Isn\u2019t that what we all want to know? I always wanted to get rich with real estate. It seems like a simple enough equation but what appears to be a simple method in theory is very often not found in reality.<\/p>\n\n\n\n<h2>First and\nforemost: A property must generate cash flow<\/h2>\n\n\n\n<p>Here you can see the basic components that decide\nthe income and therefore the regular income from a rented real estate.\nGenerally, the property has to make profit. The income from your property has\nto be higher than what you spend. This is a simple and most important rule if\nyou want to make money from renting.<\/p>\n\n\n\n<p>Cashflow is the &#8220;key&#8221; so to say &#8211; just\nwith this income we increase our available capital, which we can spend as we\nlike. We have to take all costs for the property in consideration though,\neverything \u2013 running cost, repairs, maintenance&#8230; etc. \u2013 to be able to\ncalculate the expected cashflow.<\/p>\n\n\n\n<p>Our goal should also always be to invest as little,\nif possible, no equity at all. Because on the one hand we can maximize our\nreturn on equity and on the other hand we keep our own money with us. In other\nwords: we are looking for bank offers that finance 100% of a real estate for\nus. To do this, of course, as borrowers, we have to meet the banks requirements.\nThose costs for a credit also have to be taken into consideration.<\/p>\n\n\n\n<h2>How to get rich\nwith real estate \u2013 cashflow is the most important<\/h2>\n\n\n\n<p>After considering all costs our cash flow should still be positive. Some may now think: there is no such property available by any means. But they do exist! Granted, you may need some time to find them. But why not have a look at our <a href=\"https:\/\/www.all-real-estate.com\">real estate listings<\/a>? Surely you will find some interesting properties.<\/p>\n\n\n\n<p>The same of course is valid if you are trading with real estate instead of renting it. The only problem is that it will take longer time to generate cashflow as you don\u2019t get money on a weekly\/monthly basis. It might be a bit more difficult to get by until you make a sale. You can list your real estate for free on <a href=\"https:\/\/www.listproperty4free.com\">www.listproperty4free.com<\/a><\/p>\n\n\n\n<h2>Make your homework<\/h2>\n\n\n\n<p>Also, if you are buying and selling properties for a living make sure you check with your revenue office beforehand to know how much of you profit will need to be paid in tax. This is also an important figure to keep in mind, in some countries this tax is very high. <\/p>\n\n\n\n<p>Also, you might need to register yourself as a\nbusiness depending on your local laws, this is always good to investigate\nbefore you start as it can be a real game changer.<\/p>\n\n\n\n<h2>Conclusion<\/h2>\n\n\n\n<p>I did not get rich with real estate but I\u2019m able to make a\nliving without needing to go to a job every day. That was my goal and I\u2019m happy\nthat I reached it. I had to start small though and I\u2019m glad I did as I learned\na lot with my smaller projects bringing me to where I am today.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Isn\u2019t that what we all want to know? I always wanted to get rich with real estate. It seems like a simple enough equation but what appears to be a simple method in theory is very often not found in reality. First and foremost: A property must generate cash flow Here you can see the &hellip; <a href=\"https:\/\/www.propertyunder100k.com\/blog\/2020\/02\/21\/how-to-get-rich-with-real-estate\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">How to get rich with real estate &#8211; or poor<\/span><\/a><\/p>\n","protected":false},"author":4,"featured_media":522,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[149,233,230],"tags":[263],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to get rich with real estate - or poor - propertyunder100k.com<\/title>\n<meta name=\"description\" content=\"Isn\u2019t that what we all want to know? 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