How To Make Massive Passive Income & Create 3 Big Paydays For Yourself In The Most Overlooked Niche In Real Estate History
Quantum Leap Video Course Volume 2
(*2*)
Dear Friend
If you’re like me, you LOVE real estate because with real estate you can…
- Travel the world; and still make a steady stream of passive income…
- You can make huge lump sums of cash of 5- to 7 figure amounts and then take the rest of your year off…
- Build up a lot of wealth and retire comfortably…
The challenge is:
It’s not always easy for you to break into the real estate industry.
So to help you reach your goals faster – below, you’re going to get EVERYTHING you need to know to make GREAT money in real estate…
… Even if you’re just starting out.
In fact, by the end of this page, you’ll know EXACTLY what to do to make $12,000-$28,000 a month – even if you started part-time.
So first, let’s look at your BEST opportunities to make money in real estate…
If You Want to Make A Steady Income,
Full-Time Income In Real Estate
These are the 5 options available
(Or so most people think )…
1) You Can Flip Houses…
But by reading the rest of this page, you will know all your options… And once you know your options, you may never want to flip a house again!
Here’s why.
When you’re flipping houses…
- It is necessary to spend time looking for homes, fixing them up, and flipping them. It can take several months. And if you’re calculations are wrong, you lose money…
- It is possible to only flip a few houses at once before running out of money. You can also go to friends and other investors and ask for loans.
- You’re competing with all the moms and pops who watched a few house-flipping shows who aresaturating most markets…
And when your flipping houses, you’re pretty much putting yourself in a job.
You only get one check at the end. And, you get ZERO monthly passive income…
So after each home you flip, you’re back on that proverbial treadmill having to do another deal… and another deal… and another deal…
I don’t know about you, but that’s not fun.
So if you want a full-time passive income, then you’ll typically need several properties…
That’s when…
2) You Can Get A Loan & Buy More Properties
I don’t need to tell you… But for you to get a loan you need one or more of the following.
Either you need:
- A solid credit history
- A stable and high enough income…
- A low debt to income ratio…
- A big down payment…
- Or assets you hold in your name that you can use as collateral
You will need to sign your name personally every time – it is very risky
So if you were like me in 2008 and you don’t have any cash or credit so this isn’t an option.
If you do have credit… chances are, you can only get a small loan. You can do anything with your small loan. You might only buy one or two properties before you have your credit tapped
It’s nice !… to have one or two more properties
But typically, you won’t make a full-time passive income from just one or two properties.
Plus, the stats don’t lie…
North America is home to 82% of those who cannot access conventional financing.
It is extremely important to understand the 82% number. We’ll get back to it in a second.)
If you’re one of the people who don’t qualify for a loan, it’s ok. Down below, you’ll see the better ways you can make money in real estate – without conventional loans or begging for private money.
Plus, even if you did have the credit, you may not want to use it…
Trust me, my credit went from high 700’s up to mid 500’s in just six months. That was 2008!
Anyways, if you can’t get a loan or just don’t want one…
3) You can save money to buy more properties
This is a good option – if you’re making a lot of money right now.
If you’re not, then this strategy will take you too long.
I mean – with how much you’re saving right now, how long would it take you to have a down-payment? One year? 5 years? Perhaps 10 years or more?
That’s not good. You could have easily replaced your income by passive income in real property during this period of saving.
That’s why for most people, saving up your own money is NOT a good option either…
But don’t worry…
Here’s one of the better ways you can make money in real estate…
4) You Can Use Other People’s Money To Buy Properties
It’s not so bad.
If you have the following skills, you can succeed with this strategy:
- You should be good at schmoozing rich people and kissing butt…
- It is important to be comfortable asking friends and family for money. Be patient, people will get annoyed and you may lose some friends.
- You’ve got to have some REALLY thick skin because you do this for the long-term… sooner or later, you’re going to lose someone’s money (and we’re usually talking BIG numbers here). You’ll need to be ok with facing the consequences of that.
You can do it all if you are able. You’ll do very well at raising money and buying properties.
And if that’s what you want to do, you can stop reading here. Because it’s NOT what I do.
I just don’t like how risky it is…
And, frankly, I don’t want to just go beg anyone for something…
So if you’re like me and you want to make more money with less risk, you can do the following…
5) You Can Wholesale Real Estate Deals…
It is a great way to make money in real property.
Truly.
And if you’re not sure what wholesaling means, it’s simple.
Wholesaling is when you get a homeowner who is in a hurry to sell – maybe they got divorced or they’re moving to another state for work – and you lock it a good price in a contract. You then flip the contract to a buyer, usually a cash buyer.
With wholesaling, you have little to no risk… You can make good money… You didn’t need to fix any homes… And life is good!
But the challenge is if you’re ONLY doing wholesale deals, you’re living from deal to deal; paycheque to paycheque.
These cheques are far too small for me to be excited …. you need to understand all avenues in order to find something that fits within one of these strategies. But, focus on ….
Why?
It’s because when you’re wholesaling, it’s like if you’re flipping homes. You have zero passive residual income.
This is how I make a good residual income and big paydays.
Learn more http://archive.is/QgoIy
Here’s what you can expect in the new book Quantum Leap Video Course Volume 2
Course Features
- Lectures 1
- Quizzes 0
- Duration Lifetime access
- Skill level All levels
- Language English
- Students 0
- Assessments Yes