During a finance seminar last August I took notes on the topic on Real estate as a business. Look at the list and see if any of it is of use to you.
– Some people can earn 18% by state mandated loans.
– Book: value investing.
– Quote: the most important people in your life or your spouse, your children, and your mentor. In that order. The first will make you happy, the second makes you proud and the third makes you successful.
– The number one cause of failed businesses is that they are undercapitalized.
– Different kinds of real estate investments:
1. RCFE: means residential care for elderly. This is a good choice for real estate investment.
RCFE Is the only facility that can bypass the restrictions of a housing authority were to be put in a residential area.
Good source of income.
2. Billboards. The locations for new billboards are usually in new areas where constructions being done.
Companies such as Viacom may manage billboard rentals
Ground outdoors is a company in Texas that manages over 200 billboards.
Sometimes people can rent a billboard for $2800 a month. Thus, this makes a great source of income.
3. Storage facilities. Is also a good way to passive income.
4. Tax lien or tax deeds: you only need an Internet connection.
Arizona is a good state this type of investment
Asset protection:
– Protect your assets
– You control the assets, but you don’t own them. Thus, people can’t take them away from you.
– Investing criteria has three components:
– Risk: you want the lowest risk possible.
– A cash savings you will always lose because of inflation and compounding provides negative returns
– Return: wealth managers provide low returns.
– Tax loan and deeds give high returns.
– Liquidity: need access to your taxes.
– Annuity is an insurance product.
– Is constructed guarantees.
– Sellers of annuity take 10% in the first year.
– Tax deeds and liens. You can get out in nine months. If necessary.
Have advice to add, please provide ideas in the comment section of this blog.
