illinois estate planning articles and resources for business owners, farmers, ranchers, and executives

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How To Make A Million Dollars In Real Estate Investment
By Steven Chang
I remember starting out as a real estate investor I had learned a very simple, yet mind-blowing strategy to make a million dollars in real estate. The concept was taught by Marshall Reddick, who is an avid real estate investor, and to date, he has over 200+ real estate rental properties in his portfolio.

It could not have been said better than Marshall himself. To make a million dollars in real estate, you must:

1. Borrower a million dollars
2. Have someone else pay it back for you

Simple as that. How does it apply to real estate investing, you may ask? Well, all you need to do is purchase enough investment properties worth a million dollars total, and have them rented out. That essentially

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is borrowing a million dollars in mortgage debt, and have your renters pay back the debt for you.

For many people, borrowing a million dollars may seem out of reach, but just as you would eat an elephant one bite at a time, so is buying real estate properties - you buy one house at a time. Unless you live in California, there are still many states that you can purchase a home for around $100k. Even if you are residing in California, you will need to stretch your vision and reach out-of-state.

Many people fear owning a property, let alone owning an investment property out of state. However, as a true real estate investor, you must put yourself in the mode of a business owner. Real estate investment is a business, and like any business, it may come necessary for you to hire people to work for you. That's what realtors and property managers are there for. In order to really expand your real estate investing business, you must get comfortable with hiring property managers to manage your properties.

We have all heard good debt and bad debt, so don't let the concept of owing money scare you off - especially when you can have someone else pay it back for you! As an added bonus, real estate value on average has never gone down in value in history. You hear people losing money in real estate because they could not hold on to their properties and they let them go at unfortunate times. Even if real estate value do go down, you should never fear because you have someone else paying your mortgage - your renters. As good as the concept of making a million dollar in real estate may sound, fear not and take the first step in your real estate investing.


Here are some more estate planning articles...
The History Of Income Tax
By Richard A. Chapo
They say death and taxes are the only two certain things in life. Alas, this wasn’t always the case. Well, at least for the income tax.The History of Income TaxesOur great nation came Read more...
What-should-you-ask-the-real-estate-agent
By Dalvin-Rumsey
So, you have found a potential real estate agent! Don�t rush and hire him! Take the time to interview the broker before getting into business. Otherwise, you might be sorry for your choice. Read more...
Tax Return Preparation: Love It Or Hate It, You Have To Face It
By Michelle Barkley
2006-11-07 The term tax is very annoying to many ears. We must all accept the fact that there are many things that we do not like to do, Read more...
Understanding Your Property Taxes
By Joe Hanoa
There is little else in life that sends a shudder through homeowners then the anticipation of what their next property tax bill will state. In some areas of the country, a significant amount of tax Read more...
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Traditional Estate Planning means preparing for the orderly and efficient transfer of assets at death. Also, estate planning involves planning for the accumulation and distribution of an estate during lifetime as well as at death.