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Tuesday, 06 January 2009 |
By Joe Williams
 With the recent cave-in in the Real Estate market, entrepreneurs are turning to the low start-up cost and low overhead internet world.
A website can generate just as much income as real property with nearly no cost involved!
Let's say a person owns a rental property which has a mortgage of $750 on it, taxes amounting to $150 a month and maintenance averaging $100 a month, your overhead is a whopping $1000/mo per property.
Even if they rent the property for $1,200/mo., (good luck finding good tenants), they will still only net a profit of $200/month!
That's a lot of work, money and risk to make $2,400 a year!
And the part about having equity in the property making it worthwhile... not any more! Ask the millions of people who woke up one day this year and found out that every property that they owned were upside down in value.
Million dollar homes are now being sold for 42% of what they were purchased for, and internet entrepreneurs who are cash affluent are grabbing them up!
A 1-page |
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Last Updated ( Tuesday, 06 January 2009 )
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