So, how do I get rich from real estate? Like really, really rich.

The quickest way is to marry a real estate tycoon whose last name is Ayala, Gokongwei and Sy. For the rest of us, one surefire strategy to get really, really rich from real estate is to accumulate a lot of income-producing properties.

Buy a property. Rent it out. Buy the next one and rent it out again.

Keep buying and renting out. When a property is fully paid, use it as collateral to buy another property.

Raise the rent if the market can bear it so you can have more money to buy more properties. This will make you really, really rich.

The key to getting this right is to buy at the right price in a market with many renters.

You will get much passive rental income, so you can afford to retire and live off the rent.

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Money question answered by Ronald Cagape

Ronald Cagape is the author of the book “No Money Down Formula in Real Estate”. Want to know the secret to buying property with little or no cash? Download Ronald’s book at NoMoneyDownFormula.com. Let his experience as real estate broker, investor, and dealmaker guide you.

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