Originally posted by Omoyoungmoney
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Example
buy an apartment building for 5,000,000.
it has 100 apartments. Each rents for 5,000 a month.
you make 500,000 a month, but it would be 10 months before you made any profit, plus you'd have to deduct the cost of running and maintaining the building. Which would slow it down even more.
Most people I know who make money in real estate will buy run down homes at auctions, fix them up and rent them out.
Either way, you have to have the capital to put down to start, and most people dont
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