Here’s the 7 Step Strategy for property investing we learned from Robert Kiyosaki and other luminaries on the web:
Formulate a game plan
Know your location
Learn the Market
Generate Leads
Analyze Properties
Learn about Financing
Find the Right Deal
Starting Your Investment in Property
Understanding Property – Investing Made Easy
Lesson 1: The 4 strategies to Wealth creation
There are basically 4 ways to build wealth through property. They are through:
1. Cash-flow – income from property rentals.
2. Appreciation – income from increased value.
3. Amortization – value creation through renter’s pay-down of your loan.
4. Tax Savings – savings through incentives and write-offs