How To Get Rich In Real Estate

Ah yes, real estate.  A favorite of many small and starting investors. Well, if you’ve got some capital and are looking to get a sense of what a realistic three to five year real estate investing strategy looks like, I recommend you check out the following video by Jay Morrison. At 30.21 Its a bit longer than most of the videos we post here, so grab a beer, some tea, milk or whatever you’re drinking and kick back.

Morrison oversimplifies a lot, and he says nothing about mortgages, the impact of taxation or the practicalities of running a real estate business. That said the video is basically right on. How do I know this? Because my wife Miel and I pretty much followed the strategy he’s outlining. It works. The approach requires a lot of saving and sweat equity, but it does make money.

James Hendrickson

James Hendrickson is an internet entrepreneur, blogging junky, hunter and personal finance geek. When he’s not lurking in coffee shops in Portland, Oregon, you’ll find him in the Pacific Northwest’s great outdoors. James has a masters degree in Sociology from the University of Maryland at College Park and a Bachelors degree on Sociology from Earlham College. He loves individual stocks, bonds and precious metals.