“PAPER REAL ESTATE” is income property from which you earn money but which you do not own.
One good way for you to make money today in “paper real estate” is to:
- Manage income real estate for an owner who wants ot be free of day-to-day chores
- Being paid a commission of 5% to 7% of the rents paid by tenants, some, or all, of which you might collect
- Earning a bonus — often half of the first month’s rent — on each apartment or other space which you rent to new tenants
WHAT IS IN “PAPER REAL ESTATE” FOR YOU?
Plenty! Here are some of the great advantages, as we see them:
- You earn money in real estate while you learn more about the field
- You learn the ins and the outs of the field — what brings in the money, what people
complain about, what problems owners have - You get inside info about how much money each building you manage makes, how much
it costs to maintain each property, etc. - You’re in “the driver’s seat” if the owner decides to sell. Why? Because if you’ve done agood job, the owner wil probably think of you first as a potential buyer
- A zero-cash deal may be offered to you to buy the property if the owner likes your style of managing the building
K-32 : The IWS Multi-Family Home and Multi-Unit Real Estate Riches Kit
The IWS Multi-Family Home and Multi-Unit Real Estate Riches Kit by Tyler G. Hicks details how you can invest in and makee money with multi-family properties such as apartment houses, townhouses, garden apartments, condominiums, and other residential income structures. You will also find a mountain of information on small- and medium-size office buildings you can own to build your real estate riches.
HOW CAN YOU GET STARTED AS A BUILDING MANAGER?
It’s easier than you may think! Especially if you’re in a large city, in an area near one, or near a multi-family development. To get started:
- Learn as much as you can about managing buildings by reading books in your library
- Talk to building managers and ask them how they do their job, what challenges they face,
how much they eam, etc. - Write letters to local building owners, telling them about your desire to manage one or more of their buildings in the area
- Be ready to start in small buildings and go on to larger ones as you gain experience
- Accept the good income you can earn as a manager in “paper real estate!”