According to the 2017 National Association of REALTORS® (NAR) Investment & Vacation Home Buyers Survey, 37% plan to rent it for income, 16% for the possibility that the price will appreciate, and 15% because it was a good deal. This sounds great, but I’m guessing the main stat you’re interested in is how much you can make. (Am I right?) Well, here’s the answer you’ve been waiting for: According to a survey of real estate investors done by ZipRecruiter.com in spring 2019, investors make an average of $123,937 per year, with the low end at $47,000 per year and the high at $261,500. Most make within the range of $100,000 to 150,000 per year. That's a lot of money, but it's important to know that there are different types of real estate investments. In this book, I will touch on a few, but I'll mainly focus on "house flipping" and "wholesaling" as these are the areas I have the most personal experience. But first, let's talk about financing a real estate investment, being most investments are done with OPM (other people's money).
6
Powered by FlippingBook