You can get rich fairly fast in Real Estate. It’s even better for the long-term outlook. But there are quick ways to make money in Real Estate.
One of the fastest ways to get rich in Real Estate is to build in Countries where their currency recently depreciated. An example of this is in Russia, one USD dollar was worth about 34 Rubles. Just a few month’s later one USD was equal to 78 Rubles. A popular location for an apartment that cost $32,000 now cost under $15,000. Imaging buying 10 properties $15,000 each. That’s a total investment of $150,000.
Now, you should be able to easily rent out each property under market value for $200 USD. You alsways charge less for rent so you never have any vacancies and that your tenants stay longer. hey also take bettre care of the place when they have a longer term mindset.
That’s $2000/mo passive income for a $150,000 investment. And the property tax, condo and managment fees are almost zero in a country like Russia. Wait fours year for the currency to reboud and the real-estate market to bounce back, and you shouold be able to sell those properties for $45,000 each. That’s a total of $450,000 US Dollars for selling them, and all the passive income over those four years is 24,000/year x 4 years = $96,000. Subtract $16,000 some fee’s and repairs and you’ve got yourself a potential profit of $530,000 USD from a $150,000 investment in just 4 years.
There are many Asian Countries right now that are completely undervalued. Japan real estate should be about to explode. Make sure you buy near a subway and train station in Japan and make sure the properties Balcony faces South so mold will not grow inside and so that your clothes dry faster as most people there still hang their clothes outside. It’s the safest country in the world with an outstanding education system and the future’s robots and AI ensures Japan to be a leader in the near and long term future.
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