Automatic Home Owner Millionaire 2

Dated: 02/16/2016

Views: 2244

So fellows, Here are the couple steps to become a homeowner millionaire. I said it is only couple steps. But i didn't say it only needs couple years. If you don't have couple hundred thousand cash or equity you can use, and you prefer to do it in a safe and steady way, here is the deal:

Step 1 Shopping for a home as first time home buyer

Step 2 Live in the property at least for 2 years

Step 3 Looking for a second home to buy

Step 4 After closing the second home, rent the first home immediately

Step 5 Collecting rent and making payment for both the properties

Step 6 Sell or refinance the rental property when the market is a hot market, pulling equity out from the rental property

Step 7 Using the Equity built in the first bought property to buy a third property. 

Step 8 Rent out your third property and collecting rent

It is a monopoly Game. It is easy.But each step needs careful planing. I know you may start frowning. You are going to say, i am not a real estate pros, i have my job. While, the good news is you don't need to be a real estate pro, you just need to know what resource you need and where you can get the help. Do you need to be a pilot when you need to fly from Chicago to Boston? The answer is no. And i will explain the planing you need for each steps. It is very simple! Just like baking cookies!

Blog author image

Brian Delpriora

Brian has a long history and dedication to working on Long Beach Island. He is currently a local police officer and for the past 11 years has built an excellent rapport with the community. Brian is v....

Latest Blog Posts

FIRED UP CAR SHOW AND VENDOR FAIR

The Stafford Township Vol. Fire Company is hosting the Fired Up Car show and Vendor fair.  Come out and enjoy a day filled with cars, entertainment and food!  Trophies will be awarded for

Read More

Jun 19 2019 65750 1

New research from realtor.com shows that the first week of April is actually the best time to list your house for sale! The report used ‚Äútrends in median listing prices,

Read More

Long Beach Island Real Estate Market Condos And HOA Charges

Long Beach Island Real Estate Market Condos and HOA ChargesBuying a Condominium Long Beach Island Real Estate MarketWhen looking to buy a condo in the Long Beach Island

Read More

4th Of July Fireworks Over The Bay In Beach Haven

Celebrate the Fourth of July down in Beach Haven. The annual fireworks display begins at dusk. The best spot to watch is behind Bay Village on the grass or at the waters edge of Taylor Avenue.

Read More