Yes you can. As an active investor I come across allot of wholesale deals. But as my experience piled on I have been able to locate some very cheap real estate with room to grow, and existing profit making abilities.

To give you an example I recently found a 2 bedroom, 1 bathroom, 2 story house for sale with an asking price of $12,000. That is not a typo. It is twelve thousand dollars, and the owner is willing to accept a note with a $1,000 down payment and $250 per month for the balance. The property needs approximately $3,000 worth of repairs in order to become rent-able and should be able to bring in a $500 per month rent.

I am just passing up deals like this because now-a-days I would rather not be the capital investment man. I work with financial investment partners for deals like this. The problem is that investors are afraid of the real estate market. The fact is that when you buy with very little upfront investment then it is easier to recoup your investment in shorter time, and once you do the roi is infinate!

If there are any investors out there who may be interested simply contact us and let us know.

The rat race. The definition by Robert Kiyosaki is basically a rat wheel that you constantly run on split up in pie slices. Each slice can be a paycheck, a liability, or an opportunity.

Getting out of the rat race means that your passive income exceeds your monthly expenses. Passive income is money that you make on your own rather than get by working for someone else. You can obtain passive income by buying and selling stocks, investing in real estate, and starting a business.

The key to your businesses success is to lower the expenses and bring in the profits. In order to do that you have to learn how to use leverage. For example if you bought a $150,000 2-unit property you would not pay $150,000 in cash. You would offer the least amount of out of pocket cash and get the seller to finance the balance, or take out a loan. In business, you would seek out strategic partnerships with other companies that help your company grow and run more efficiently.

Strategic partnerships would be maybe a call center that handles pay per performance cold calling. They would work hard to make a sale so that they make a profit. Such a partner would cost you zero risk because in order for you to pay them any money you would be getting money from the new sale to cover that payment.