How to be a millionaire in Real Estate
In this Show
Ray Abboud comes on Ask the Pro and talks about his rise from college dropout to multi-millionaire. He got his start with getting his real estate license because of a passion for real estate.
He was strictly an agent at first but later evolved into buying and flipping, renting investment properties, and then into his own company Cash Now PA, which is now a real estate company that specializes in selling completely renovated homes.
During the 2008 crash Ray had money saved up and was able to purchase many apartment units, and today he has a portfolio of 224 rental units which bring in $2 million a year in income. Ray’s advice for someone just getting started in the real estate game are as followed:
1.Be selective with what you buy. Do your homework.
2.Make sure it has the right income in it. Map it out.
3.Pick a good team around you.
Check Ray Abboud out at: