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Position Yourself For Success

How To Create Massive Passive Income Without Hassling With A Single Tenant

The true goal of every investor should be to create as much massive passive income as soon as possible.

Passive income means just that, money that comes into your house month in/ month out without you having to do a thing to get it. How can you accumulate massive passive income quickly?

Well, if you went out and bought a couple dozen single family houses and kept them, you would create a decent income. Good but not great.

Its’ going to take you a little time to find all of these deals and then you would have to manage all of those tenants.

What If You Put a Couple Dozen Units in the Same Property?

Then you would only have to find one deal and then a few more to create a great passive income.

I know what you’re thinking. Oh no, not apartments! I don’t want to deal with the tenant hassles! And I agree with you, you shouldn’t be dealing with any tenants, wouldn’t it be better if you could just sit back and collect checks while someone else deals with all of the management headaches?

Those people are called management companies and they make a living shielding investors from the day to day management of their properties so you can go out and continue to do what you do best, find more property and create more cash flow!

But Aren’t They Expensive?

It’s true that management companies are paid a percentage of the gross collected rents, somewhere between 6% and 10%, though if you factor this cost into the deal, as long as the property cash flows with these fees, you’ve got yourself a winner!

Not only have you found a property that will get you one step closer to true freedom, you don’t have to hassle with a single tenant.

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Apartments Best Commercial Investment For New Investors

I was asked the other day by a new investor what my favorite type of commercial property is to invest in. I like apartment buildings best. They are easy to find, easy to analyze, everyone needs a place to live, banks love to lend on them, and they’re great cash flow generators – especially now that prices and interest rates are down! In fact right now FNMA is offering 5.5% loans on apartment buildings!

For a new investor they are easy to analyze, manage, and easy to relate to. For an experienced investor they are straightforward to manage and you can set up business systems to automate and delegate the mundane day-to-day tasks of owning apartment buildings. Once one is started it is relatively simple to buy more and more apartment units and become a rich apartment building mogul.

Now is a great time to start. There are lots of great deals on apartment buildings because Buyers are sitting on the sidelines forcing sellers to be realistic about prices.

Properties are being bought on cash flow today based on current rents and occupancy – not on artificially high prices based upon hope of future appreciation or condo conversion. Buying at today’s low prices gives you positive cash flow from day one. That makes is a smart investment.

My advice to my new investor was to start off with apartment buildings. I recommended that he start by investing in small to medium-sized multi-unit properties (5 to 12 units) then work his way up to larger properties as he gained experience and a strong management team.

Go forth and Prosper.

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