This is the second part of Insider Tip 14. Today we’ll talk about …
b.) Equity re-utilization – a Multi-millionaire strategy.
The Most Widely-Used and Proven Wealth-Building Real Estate Strategy:
Part B: Equity Reutilization – the Multimillionaire Strategy: The strategy I told you about last week was with just one house. Quite often, people will get a house paid down to a point where there is some extra equity in the house.
Then they’ll take some of the equity out of that house without selling it, and they will use it as a down payment to buy another house. Then with the second house, they’ll take equity out again after a few years, since the tenant has been paying it down for them — and they buy a third Fairfax VA home for sale and so on.
This is much like the board game, Monopoly. This is done by thousands of real estate investors every year. That’s why you hear about people owning multiple properties because they can become multimillionaires from just three or four houses.
You can even become a millionaire, with only one house, if you have a $400,000.00 or $500,000.00 house that’s paid off for you … and the extra money coming in is reinvested well — at a compounded interest rate of maybe only 8%.
Quite often, people are millionaires within 15 to 20 years – from only one house. The Multimillionaire strategy is just simply repeating the process with more than one house.
This ‘equity reutilization strategy’ and the previous millionaire strategy is not a get rich quick scheme. But it is one of the most proven and conservative wealth-building strategies that’s produced more millionaires than any other Real Estate strategy.
You can find out more about how we are currently using Insider Strategies learned from my Real Estate Radio show to save homebuyers tens thousands of dollars on their home purchase and financing everyday right here in Northern Virginia, just check out my free Live online webinar, at www.HomebuyerInsideSecrets.com, that’s www.HomebuyerInsideSecrets.com.
You can also get all of these insider techniques applied to your personal home purchase with our Free ‘Insiders Access Homebuyer Savings Program’ and get a minimum guaranteed savings of $25,000 or more. And the best part is we guarantee you save at least $25,000 or more with my exclusive strategies, plus the service is no cost to you. Go to www.NovaHomeSavings.com and find out why even other realtors and mortgage lenders actually use me as their buyer broker on their own personal home buying transactions, instead of relying on themselves, that’s www.NovaHomeSavings.com.
Thanks for reading this,
Thierry is a Real Estate Agent at RE/MAX Premier, and Host of Talk Radio’s “Inside Real Estate”
Thierry & his team Guarantee a $25,000 minimum savings for Northern VA Homebuyers by applying his unique insider techniques & strategies that he discovered throughout 8 years of exclusive Radio Interviews & Insider Access to wealthy Real Estate Insiders, Investors & Top Industry experts.
Phone: (703) 322-0600
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