2 Years to a Million in Real Estate by Matthew Martinez

By Matthew Martinez

Quit your day job!

Make 1000000 in genuine estate!

It's more straightforward than you think!

A few years in the past, Matthew Martinez was once much such as you - he labored not easy to make as monstrous a wage as he may well. however it wasn't adequate. He labored via the clock, and yearned to be his personal boss. With a small quantity of discounts, he received his first condominium estate. years later, he used to be making extra from his leases than he was once operating nine to five, so he hand over his day task to supervise his genuine property investments. this present day, he enjoys a multi-million-dollar number of income-producing properties—and he's able to percentage his money-making techniques so that you can commence your individual trip to occupation and fiscal independence.

Two Years to 1000000 in actual Estate exhibits you every little thing you want to be aware of, together with how to

Invest small quantities early-on whereas operating a full-time job
Avoid genuine property "bubble" risks
Get others to pay your personal loan for you
Pick a sizzling estate (and spot others that would turn into hot)
Simplify the ins-and-outs of financing
Negotiate like a pro
Screen for trustworthy tenants
Understand how neighborhood tenant legislation work
Hire solid humans to control your properties
Know while to promote

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3. Sell it for a high price (see Chapter 5). 4. Through general market appreciation (see Chapter 5). The combination of these four factors is what your home renovation strategy should be based upon. That is, you should look for homes that are a good deal, concentrate your renovation efforts on those areas that can add significant value to a home (from a buyer’s perspective), buy only in an area that is appreciating in value, and make sure that you’ve done everything possibly to add “curb appeal” to your home prior to putting it on the market.

Lesson Learned: If you’re living in a home while major construction is being done, be sure to seal off the construction zone with plastic to keep down the dust and cover all floors that will be walked on by the workers with paper. It is also a good idea to move breakable items from the workers’ path and place cardboard or plywood on surfaces that could be scratched or otherwise damaged. qxp 11/05/03 13:36 Page 32 32 Creating a Home Renovation Strategy I mentioned the architectural antique/salvage warehouse.

Also, he sent construction crews to the house on free days, and they did a lot of restoration work (for example, they stripped paint off the wood ceilings and returned them to their natural appearance). qxp 11/05/03 13:36 Page 36 36 Creating a Home Renovation Strategy graded the house’s water system. The water was pumped directly from a fresh spring on the property. I had the water checked before buying the place and it was perfect . . no treatment of any type was required. I offered to buy the house and 10 acres for $125,000, with a two-year option to purchase the other 15-acre parcel of land for $17,000.

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