Theory:
Very few real estate investors buy deals over $1MM.
Of the ones that do, they outgrow the $1-3MM deal quickly, moving up to larger deals.
Therefore:
$1-3MM is the perfect place to buy RE locally for an aspiring RE investor.
Sub institutional, too rich for mom-and-pop
Very few real estate investors buy deals over $1MM.
Of the ones that do, they outgrow the $1-3MM deal quickly, moving up to larger deals.
Therefore:
$1-3MM is the perfect place to buy RE locally for an aspiring RE investor.
Sub institutional, too rich for mom-and-pop
The way to make real money.
Buy 5-10 good deals in this range over a 3-5 year period.
Group them together. Attract sophisticated buyers. Exit. Get very wealthy.
Buy 5-10 good deals in this range over a 3-5 year period.
Group them together. Attract sophisticated buyers. Exit. Get very wealthy.
Step one on how to get started:
Make your money doing something else.
Entrepreneurship is the best way.
Make your money doing something else.
Entrepreneurship is the best way.
The exception:
You have wealthy family members who can help you find your first purchase on good terms for you.
You have wealthy family members who can help you find your first purchase on good terms for you.
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