How To Make Big Money In Real Estate

I enjoy investing in Real Estate.  It is the most forgiving and rewarding of investment options, and it is an excellent way to build money quickly when you have a little to play with.

It is also very scary when you first get close to that "big deal."

I recommend you start your education  here.  It is well worth the investment.

The book that first got me interested in Real Estate is "Multiple Streams of Income" by Robert G. Allen.  He is also the author of "Nothing Down" and "Creating Wealth."

Caveat: Not all "nothing-down" deals are a good idea, however.  You need to understand who you are talking to.  Be wary of taking advice from people who don't have any investment property of their own -- that should tell you something!

Another couple of Excellent books to get when you are starting out are:

This book is by Dolf De Roos, Robert Kiyosaki's advisor on Real Estate.  It is a good place for the beginning investor to start.

  

And:

  If you are a seasoned investor and are looking for more sources of bargain Real Estate, you will want to check out this course:

Already a seasoned investor?  Know the ropes but need more sources of finding bargain real estate?  Click here for solutions.

 

Property Analysis:

The key to making money with Real Estate is accurate and unemotional property analysis.  You need to look at each property objectively.  This is the key to getting rich in Real Estate Investing.

The following graphics are two of the best tools you can use -- simple and proven effective by Robert G. Allen.

Graphic One

Graphic Two

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Tax Liens are a great investment.  You can earn 16% and higher and have your investment guaranteed by the government.

I won't go into the details here, but I will tell you about three introductions to the subject so you can do your proper research.  (Obviously there is some risk involved.)

Joel S. Moskowitz has written a very good book on the subject called the 16% Solution.  Since it was written in 1994, the laws are not up to date.  However, it is the least expensive introduction to the topic.

Watch out for Ted Thomas.  He offers a $2000 course, and conducts hands-on tax lien training (as in a field trip to go buy some tax liens).

He is however, a shady character and very mean-spirited.  When I bought his course, (which I thought was a little light on details) he promised to help everyone by funding their first deals.

Which was technically true, but only if you found a certain deal that was nearly impossible to find.

He does, however, know his information, and he has an excellent book on foreclosures.

Tax Deeds:

Tax Deeds are related to Tax Liens.  But be careful, they are generally more expensive, and you can easily get stung with a bad buy.

On the upside, you can easily do this in Canada.

I got stung on my first deal and ended up breaking even, however, I have $24,000 tied up in a bad property in a bad area with no tenant for over a year.

Free Bonus -- "The Road To Wealth" by Robert G. Allen:

While I am working on creating a more detailed Real Estate area (actually, this is one of the last areas I will be heavily renovating) I am giving away a free book by Robert G. Allen, called "The Road to Wealth."

Robert considers this his personal favorite, but I disagree.  However, it is very informative and effective at creating in you the mindset of a professional Real Estate investor.

It is not just techniques and tips but the true story of how three people were taken from a food line and converted into successful Real Estate investors and how they did it.

Well, as a token of my appreciation for coming back in the future, I am giving away this entire unabridged book to you -- free of charge.

Just fill in the short form below: