If you have more money than you need, you need to invest the excess. What can you invest it in?
You could buy stocks. You could buy mutual funds. You could buy tax certificates. https://www.youtube.com/watch?v=tEUyP4Uth14 Here is a link to help you understand that.
If you are a Realtor, investing in real estate is a great idea. You don't have to be the most active Realtor in town to run across deals that are too good to be true. If you are a normal Realtor, you run across situations where people are selling their property for far less than it is worth.
If you will pay attention, you can not help but run across opportunities to buy bargains. Let your co workers know that you are looking and able to buy a super bargain. One day your co worker will say," Hey,I just listed a little diamond in the rough in a great neighborhood. It belongs to heirs and the price is super right." You go check it out and, sure enough, It is a super bargain. You buy it. You find a tenant. The tenant pays the rent. It produces a small cash flow that turns into a large cash flow over twenty years.
If you did that once per year for twenty years, you would own twenty houses. That would produce a good cash flow. That would not be stressful. That would not be a monumental task. During that twenty years, you would become an expert property manager.
There are other ways that you could have invested that excess money. I can not think of a way that would be more lucrative. Start investing in real estate now.
www.climerrealestateschool.com
Articles and thoughts are from Andy Brown, Head Instructor at The Climer School of Real Estate in Orlando. Andy is The Best Real Estate Instructor in Orlando, the Best Real Estate Instructor in central Florida, and the Best Real Estate Instructor in Florida. (check out his helpful tutorial videos on YouTube - ClimerSchool). If you want to get your Real Estate License, go to The Climer School of Real Estate, the Best Real Estate School anywhere.
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