Day 3 - Real Estate Investor.

Real Estate Investor.

Option two is I think a good fit but requires tons of new knowledge I am not 100 % sure where to get it and what that will cost. Perhaps a good system will be cheaper then the 1500 for the Realtor course. I love the idea of a cash flow business that builds equity because of market increases and leverage which is paid off by clients who when they leave want nothing in return on the business. Certainly something to consider here is if I won a million dollars this kind of money path I would invest a large part of my cash flow and wealth structure.

Real Estate Investor.
Pros
1. Potential for very good money once up and growing. ( Hard to define a target yet)
2. The new mortgage laws will make buying a house a little harder so people will be renting more and longer before buying a house.
3. Great passive income potential as cash flow increases when tenants pay down mortgage and rents go up with cost of living. Nice risk management potential.
4. I like houses and have in my time owned and flipped a couple that I had lived in.
5. After a certain amount of units are owned ,the day to day management is cost effective enough to pass off as an expense to a subcontractor management company.
6. I live in a market with a fairly high population of renters.
7. I love researching both by reading anything I can get and in the field driving.
8. There are I good tax right offs on expenses like mortgage interest payments.
9. Freedom of Schedule especially when the bulk of the set up is done (enough buildings to generate good livable cash flow and pay a management company to deal with the building and tenants).

Cons
1. I know little about setting up capital partnerships and have no track records for partners and bankers to comfortably enter into a deal with me.
2. If I try to start a start alone I will first need to save around 80,000 for 20% down on a cheap triple or quad in this market.
3. Dealing with tenants and building problems for several years before the equity allows more freedom.
4. Partners concerns if capital is raised.
5. Raising capital will be a huge concern.
6. Acting would have to come second and likely put on hold (something I might have to do most of the ideas).
7. It will require me to be more organized and paperwork detailed. (some thing they all will require)

I really like this idea but I am scared that it might be next to impossible to raise enough money for the first venture.
Feel free to comment or give advice because I am looking for any and all suggestions.