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Thursday, March 31, 2016

Real Estate

Introduction 
Real estate is making money from selling, managing, and renting property.  Real estate investors make money from investing in property.  Real estate agents make money from selling a house to a buyer.
Property Management 
If you don't have the time or the skill to manage your own property.  You should get a property management company.  They get paid a fee or percentage of the rent.  They do most of the work for the owner.  It is a good idea to hire a property management company if you lack property management skills.
Different Types of Property
Offices are bought by many businesses so it's a good idea to own some.  Another good idea is retail property because people are always going to stores and malls.  It's a great idea to own residential property because people are always buying houses.

Conclusion
You should take some of your disposable income and invest it in real estate.  Start small and as you make money add more real estate investments to your portfolio.  Doing this can help you become a millionaire.  It can also help you create generational wealth.
References
http://www.investopedia.com/university/real_estate/
http://www.investopedia.com/terms/p/property-management.asp
http://www.realtor.com/news/

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