Become a Millionaire by Investing in Property

By: Nicola Cairncross

Property Investing where many wealthy people first made their money. Once they have made their money they then invest in the other. Why? Because property is much easier!

How to Become a Millionaire in Real Estate
There are so many ways to make a huge amount in property - like buying, renovating and flipping - but most of them incur capital gains tax which will make the sums harder. We will concentrate on the simplest and most tax efficient methods.

To make and keep $1 million in property in five years,

  • 1) Rental Income
    You will need $250,000 in rental income profit per annum, net of tax, or $416,666 per annum gross. That's $34,722 per month. 
  • 2) Creating a Property Portfolio
    An easier way is to create a property portfolio that appreciates in value by $250,000, per annum, which you can periodically refinance to pull out your equity, tax free.

    It is not earned income you see, so not taxable).

    In order to own a property portfolio that will appreciate by $250,000 per annum and that's 10% then yes, you've guessed it, you will need $2.5million worth of property. isit our blog you can enjoy Greg & Andy's very funny story.
  • 3) Flipping a Property
    Another way to make money from property without even owning any (great for people without a deposit, who can't get a morgage or who's credit rating isn't great) is to educate yourself about what makes a great property deal and then go and find those deals and then sell them onto investors with money but no time.
  • 4) Buy from Depressed Sellers
    Another way is to find people who HAVE to sell, offer to buy their property at a future date at today's full market value, then find people who can't buy now but who can in the future (perhaps they are new to the country and haven't built up a credit rating yet) and then strike a deal whereby the future owner moves in and rents the property, but has agreed to buy it for todays price, but in two years time. You make money from both deals and often an income at the same time. 

How to Become a Millionaire in Real Estate
These are the possibilities for becoming a property millionaire - there are just so many ways to make money from property.

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