Updated over 1 year ago on . Most recent reply
Creating wealth in real estate
I am wondering how do I create financial freedom through real estate? What are some steps I can take to create wealth in real estate?
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Andrew Syrios
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- Residential Real Estate Investor
- Kansas City, MO
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One step at a time. It's definitely a "get rich slow" scheme. The vast majority of your wealth gain in real estate will be by holding properties long term and the appreciation/principal paydown will slowly but surely help you become wealthy.
For 90% plus of people out there who are looking to start, house hacking is the best way to go. You just can't beat the financing available, the rate is good but the LTV (96.5% on FHA loans) is unbeatable.