Money Can Grow On Trees
You can read the first part here.
Everyone wants millions and the dreams-come-true that go with it. There are roads that are tried and tested – which, more often than not, involve business. But here are some other ways to get to that golden brick road.
Real Estate
Contrary to what most think, huge capital and putting up a business entity are not really necessary to succeed in real estate. The secret (that-is-not-really-a- secret) – foreclosed properties. The how – the property can be fixed up and rented out (buy and rent), or fixed up and sold (buy and sell). But research, due diligence, some handyman abilities, patience, a flair for marketing and a lot of guts are necessary. Yes, there’s the question of – how in heaven’s name am I going to pay for it??? Most banks require only a 10% downpayment, which you can borrow, and the rest of the payment – the 90% – you can also borrow, and the loan can be stretched to forever (think 30 years). And this is what makes it beautiful – if you rent it out, the house will practically pay for itself, if you sell it, you get a tidy sum for a little bit of finding-house-fixing-house headache. Kiyosaki and the local Kiyosakis swear by this system to gain untold riches. (untold!)