What’s the Best Way to Earn Wealth in Real Estate? Marina del Rey Condos

The prospect of buying inexpensive properties, making cosmetic improvements and flipping those homes back onto the market for a hefty profit causes many people to ponder becoming real estate investors.

And while a fraction of those who take this approach are successful, most of them have worked for other people to learn the business, have extensive experience in real estate and contracting and/or have the resources to support themselves — and cover some losses — so they can focus on flipping homes full time for a few years to get started.

For everyone else, the best way to make money in real estate is to focus on the long haul: Buy cash-flow positive properties, do due diligence before buying and keep tenants for a long time.

Learning as you go:

Buying rental properties for long-term hold is likely to be a successful way to earn money in real estate. But it isn’t easy; in fact it’s a lot of hard work. Most rental property owners have horror stories of lessons learned from losing money and the hassles they’ve experienced on rental properties. But they learn as time goes on, and they start to earn consistent income. And once they do, they laugh about the past and most of them would swear they’d do the same thing over again.

Wise investing:

If you make smart real estate purchase decisions and buy decent properties that are cash-flow positive, put money into improving those properties, select good tenants and work hard to keep those tenants, then you can earn a nice retirement “pension” plan.

Beware that buying decent properties is no easy task: The education is formidable, and you will feel some pain over time as mistakes you make come to light. But it can be a great long-term wealth building tool if you’re patient and stick with it.

For most people, building real estate wealth simply takes time.

via What’s the Best Way to Earn Wealth in Real Estate? | Zillow Blog.

  1. 3 beds, 2 full, 1 half baths
    Home size: 1,446 sq ft
    Lot size: 17,869 sqft
    Year built: 1967
    Days on market: 1
  2. 2 beds, 2 full baths
    Home size: 1,419 sq ft
    Lot size: 4.39 ac
    Year built: 1974
    Parking spots: 4
    Days on market: 2
  3. 4 beds, 4 full baths
    Home size: 2,356 sq ft
    Lot size: 5,260 sqft
    Year built: 2005
    Days on market: 2
  4. 2 beds, 2 full baths
    Home size: 1,680 sq ft
    Lot size: 1.83 ac
    Year built: 2008
    Days on market: 2
  5. 2 beds, 2 full baths
    Home size: 1,419 sq ft
    Lot size: 4.39 ac
    Year built: 1974
    Days on market: 4
  6. 1 bed, 2 full baths
    Home size: 1,220 sq ft
    Lot size: 21,011 sqft
    Year built: 2006
    Days on market: 4
  7. 2 beds, 2 full baths
    Home size: 1,929 sq ft
    Lot size: 5.96 ac
    Year built: 1981
    Days on market: 6
  8. 2 beds, 2 full baths
    Home size: 1,456 sq ft
    Lot size: 6,075 sqft
    Year built: 1974
    Days on market: 9
  9. 2 beds, 2 full baths
    Home size: 1,280 sq ft
    Lot size: 1.83 ac
    Year built: 2008
    Days on market: 10
  10. 2 beds, 2 full baths
    Home size: 1,428 sq ft
    Lot size: 4.47 ac
    Year built: 1979
    Parking spots: 4
    Days on market: 10
  11. 2 beds, 2 full, 1 quarter baths
    Home size: 2,354 sq ft
    Lot size: 31,647 sqft
    Year built: 2006
    Days on market: 13
  12. 3 beds, 2 full, 1 half baths
    Home size: 2,200 sq ft
    Lot size: 4.39 ac
    Year built: 1974
    Days on market: 16
  13. 2 beds, 2 full baths
    Home size: 1,178 sq ft
    Year built: 2016
    Days on market: 18
  14. 1 bed, 2 full baths
    Home size: 1,360 sq ft
    Lot size: 21,011 sqft
    Year built: 2006
    Parking spots: 4
    Days on market: 19
  15. 2 beds, 2 full baths
    Home size: 1,640 sq ft
    Lot size: 1.83 ac
    Year built: 2008
    Days on market: 19
  16. 2 beds, 2 full baths
    Home size: 1,613 sq ft
    Lot size: 4.47 ac
    Year built: 1979
    Days on market: 19
  17. 3 beds, 1 full, 1 three-quarter baths
    Home size: 1,722 sq ft
    Year built: 1972
    Days on market: 25
  18. 2 beds, 2 full baths
    Home size: 1,714 sq ft
    Lot size: 31,647 sqft
    Year built: 2006
    Days on market: 26
  19. 2 beds, 2 full, 1 half baths
    Home size: 1,993 sq ft
    Lot size: 2.86 ac
    Year built: 2003
    Days on market: 26
  20. 2 beds, 3 full baths
    Home size: 1,926 sq ft
    Lot size: 13,172 sqft
    Year built: 1971
    Parking spots: 4
    Days on market: 26

See all Real estate in the city of Marina Del Rey.
(all data current as of 4/30/2017)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

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