Tom Scheu
Licensed Real Estate Broker, Real Estate Investor
Contact
- Name
- Tom Scheu
- Work Phone
- (630) 353-1401
Education
MBA, GRI, ABR, CNC, e-PRO
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At this time, there are 25 different Real Estate specific CRM solutions. I have...
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Nov 3, 2008 3:54:08 PMReply to Juanita's recent post: God Bless You! Unfortunately it would take a cataclysmic event f...
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RealTalk is the premier national online Community for Real Estate professionals, comprised of more t...
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Making $$$ in Real Estate
There are so many ways other than as a Realtor to make money in Real Estate. Below are just a few, and I ask others to add to it as well. I ask of others to not just add short headings, but elaborate some to provide tips for others.
1. Income producing property - My preference is to focus primarily on the measurement "cash on cash". Other measurement tools are Net Operating Income (NOI), Return on Investment (ROI), & Capitalization Rate (CAP).
Multi-unit buildings are nice because you can spread your risk among multiple tenants.
2. Vertically integrating - One can earn income as a Realtor, as a loan officer, and as a property manager on the same property.
3. Flipping homes - This was really popular before the Housing market came to a slow crawl.
What are your preferred ways to make $$$ in Real Estate?
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