If you like the idea of making money in real estate, but assumed your lack of capital excluded you… think again.

One of Mark’s golfing buddies, Jim, got into his latest real estate deal in a unique, but simple, way. It wasn’t through a loan. And he didn’t pay cash. In fact, he paid nothing at all…

Jim’s stake in the deal was 100% “sweat equity.” That means he made meaningful contributions to his investment partners—like finding the property, screening tenants, and managing it when it needed repairs and maintenance. In exchange, they awarded him a stake in the ownership… all without Jim spending one nickel.

This “backdoor” method of entering the real estate market just requires you become a property manager. The best part about it is part-time property management can yield a substantial secondary revenue stream… all while helping you learn the “ins and outs” of the real estate business.

Here’s what Mark wrote about Jim’s experiences as a property manager…

 

Jim, a project supervisor for a Florida land developer, got into the property management business after the real estate market crash in 2008. Today, he is managing about a half-dozen properties for three local investors.

Jim provides womb-to-tomb service. He scouts for desirable properties, negotiates the buy, inspects the property, administrates the financing (if there is any), and refurbishes the properties (if they need renovations). He also advertises for and screens potential renters.

He makes money doing each of these activities—either individually or in a lump sum. For instance, he charges a fee for finding the property, usually $1,000. Sometimes higher.

Then he might charge a fee for a home inspection (as a state-licensed home inspector, he makes money by inspecting properties; about $200 for a Citizens four-point insurance inspection and $400-700 for a “wind mitigation” inspection).

He makes even more money for supervising any renovations needed before renting out the property. Those fees can range from $1,000-5,000 per job. Then there’s the income he makes for locating renters—typically, $600-1,200 per signed lease contract.

And on top of that, he charges an ongoing annual fee for managing the property. This is usually $1,000-1,500 per year.

In short, Jim pockets $5,000-10,000 for every new home he puts on the market. Then he makes another $1,000-1,500 per year for managing it. It adds up to a steady stream of income.

Property management is just one of the 24 “Extra Income Opportunities” detailed within the Wealth Builders Club. When combined with Mark’s Rental Real Estate 101 series… you have a legitimate route to owning your own cash flowing real estate without using any of your own money.