Beside stocks that is beyond my intelligence, real estate is the only other realistic way for an average person to get out of the rat race.
If you’re willing to take a lot of risks and play a long term game, real estate can definitely be a great escape hatch into a better life. I repeat, if you want to take a long term game, then real estate investing can definitely be the way to go.
But I’d still take affiliate marketing a sideline business to generate immediate cash flow any time, day, week and month while building my real estate portfolio.
1. Large upfront investment – most average people don’t have access to capital. Are you willing to take on a huge risk just to get in the game? That was why I started lean with affiliate marketing and scale with my profits. Real estate requires years of upside-down investing before you can see any real money from it. You have to be patient to wait for the cash to pump up your bank account.
2. Maintenance cost (time and money) – once you’ve acquired property, you got to manage the darn thing. Roofs leak, appliances get stolen, pipes get rusty and toilets get blocked. All of this requires ongoing investments and maintenance. You’d eventually need to build a crew of trusted professionals who are going to get the job done on time and who won’t overcharge you.
3. Tenants – dealing with people is a challenge of the highest difficulty. Some default in payment for months while others run away without paying. This is one of the most important reasons you should employ or hire a property manager/company to deal with tenant headaches. I use Motion Property to manage my 3 investment properties in Australia and another in Zambia with a different property manager. This will free you and concentrate on the marketing and making more deals while simultaneously building your affiliate marketing business. I don’t have to look after the buyer. The seller does that while I laugh all the way to the bank.
If you would like to learn more on how you can start affiliate marketing, go to my site lifeonthenet7.com and sign up for a free website
Below are my recommended products that I have the knowledge of and use myself.
Marketing/Artificial Intelligence platform
Charles V Kaluwasha
Sent from my phone with Blog This WOW