There are countless information courses floating around the internet. Why? Because for every problem that exists, someone claims to have the solution.
And that solution is usually some oddball money-making system that tells you how to turn a casual interest – or maybe something you’re super passionate about – into sustainable, reliable income.
Just like Becoming A Real Estate Mogul. Here’s the hard truth, though…
Most of these programs:
- Take way more time than you’re led to believe
- May have hidden fees
- Require you to buy multiple upsells in order to get the “real” information
But most importantly, a lot of these programs just don’t scale.
“Scale” means once you do the work to make a little money, it should get easier to make more money, not harder.
The problem is, most programs out there make it hard to make money at first, and even harder to keep making money.
In other words, you might be able to make some money in the beginning, but it won’t be sustainable and you’ll end up getting discouraged.
This is the exact opposite of passive income.
When income is truly passive, you do the work upfront, but then you set it and forget it. The money gets made whether you’re working or not. It’s not directly tied to the hours you put in.
So, what if there was a way you could build a passive income stream that’s actually passive?
An income stream that doesn’t require:
- Selling to friends and family
- Selling to strangers
- Recruiting people
- Dealing with questionable products that weigh on your conscience
An income stream that brings in consistent revenues every single month (from a couple thousand dollars to well over $10,000)?
An income stream you could actually build in your spare time, and grow as large or as small as you want to, without having to spend hours a day chasing, selling, or managing anything?
If that sounds like something you’d be interested in, check out Digital Real Estate.
This is nothing like Real Estate Investments, and that’s probably a good thing.
However, if you’d still like to know more about How To Become A Real Estate Mogul, keep reading.
How To Become A Real Estate Mogul? How To Become A Real Estate Tycoon
Whether you are the landlord for rental properties or merely remodeling fixer-uppers to resale for profit, you must be present on-site – especially at the start of your business.
Any U.S. or global billionaire you know has invested in real estate. An average real estate investor can become a mogul with the right skills and approach. Investors assume they can only sell or rent a home.
Accredited investors can invest in Realty Mogul. Non-accredited investors have investing options. You can invest in one of their two REIT (Real Estate Investment Trust) funds.
How To Become A Successful Real Estate Mogul In 2022 And Beyond
A real estate mogul is every investor’s fantasy. If you’re in real estate, you want to become a mogul.
A real estate mogul is a successful entrepreneur who has developed an immense real estate empire. Real estate moguls with hundreds of commercial and residential properties are among the wealthiest billionaires worldwide.
At the end of this article, I’ll answer some frequently asked questions concerning how to be a successful real estate investor and about real estate investing and online alternatives.
8 Steps On How To Become A Real Estate Mogul Or Millionaire
1. Have A Good Business Plan.
A solid business plan is required to become a reality mogul. Vision and mission must be defined before creating a corporate plan.
Without a plan, progress is challenging. The same goes for real estate entrepreneurship. You don’t need to buy fixer-uppers and demolish walls.
You need a long-term business plan. This applies to fix-and-flip, traditional real estate development, and buy-and-hold.
2. Find Sustainable Real Estate Markets.
You can have a good business plan and still fail at being a real estate magnate. One such city is Detroit. There’s a chance that you can get reasonably priced homes in that area. In some cases, you may even be able to get them up to rental standards through rehabilitation. You can’t transform a modest house into a mansion and charge several thousand dollars a month.
Investors should avoid real estate markets experiencing a bubble. How can sustainable real estate markets develop, and what do they look like?
Learn as much as you can about the local real estate market. Find a niche in which you can easily replicate your business strategy. This can help you build your network more quickly because you can leverage the same lenders, property managers, real estate agents, and contractors as other real estate professionals.
3. Narrow Down Your Scope.
Location is crucial in the real estate market. You need to find a fantastic neighborhood to invest in real estate. You must find the best areas, whether investing in rental property, purchasing land for development, or fixing and flipping houses.
There is no better way to find compatible areas than calculating the housing affordability score. It is possible to find out if most locals have sufficient income to purchase a home. That would also not be the case if someone constructed a new apartment building or even a suburban subdivision.
You aim to become a real estate tycoon by specializing in one market. After several purchases, you will have more than made up for the time and energy you put in. Since you’ll be dealing with these guidelines for some time, investing the time upfront is essential. You should take your time if you want to invest in real estate with the least risk and the highest potential reward.
4. Build Your Real Estate Team.
Sticking with the same team of experts is another perk of specializing. This lessens the burden of conducting extensive due diligence on potential investors and construction firms and facilitates more streamlined business dealings.
It is important for aspiring real estate moguls to have a solid support system in place before venturing into the industry. This includes real estate agents, real estate lawyers, property managers, and financial service providers.
Consider who you hire to keep an eye on the property and handle management duties before scheduling a tour. You should compile a list of trusted service providers before you buy your investment properties.
Expect to cut back on the number of service providers as you gain experience. As an illustration, suppose your contractor leaves midway through your renovation to accept a higher-paying job elsewhere. A real estate agent who doesn’t try to sell a house may lose their job.
5. Acquire Your First Investment Property.
The first step of any journey is the hardest. Investing in real estate is just like any other way to get rich. You should first ease into the real estate market by purchasing a single investment property. The pressure to buy ten houses in a month is unnecessary.
To succeed in the real estate industry, you must finish the steps outlined in your business plan. The success of your endeavor depends on this. The end result should be a procedure that can be carried out with the same results every time. If you can renovate 10 houses in 10 years but can’t sell them for a profit, it doesn’t matter how quickly you did it. The benefit of taking things slowly at first is that it decreases the likelihood that you will make any mistakes, let alone any that will have a significant negative impact on your progress.
6. Step Back And Evaluate Your Real Estate Investments.
For the sake of argument, we’ll assume that you’ve already made your first investment property purchase, renovations, and flip. How much return did you get on your capital? What you did is terrific. Those who didn’t participate can still benefit from the experience.
The process can be improved after the errors have been discovered. Suppose you can figure out where you went wrong the first time. In that case, you can make the necessary adjustments and move on to your second investment property confidently. Examine your options for buying, selling, and turning over management of your rental property. Think about how much faster and easier it would be to find good tenants if you could buy the property and fix it up for a lower price.
7. Step Back And Wait.
Becoming a real estate mogul wasn’t easy. Take a two-month break. Analyze company operations, wealth, cash flow, and debt.
Now is the time to learn how to exterminate, not when you have two nonpaying renters. Once you’re confident in your administrative procedures, you can become a real estate mogul. Invest in property. Don’t make unneeded purchases. You can also pay off rental property loans. Reducing loan payments increases profit margins.
8. Consider Upgrading Or Diversifying Your Real Estate Portfolio.
If you’re looking to diversify or improve your property holdings, you have plenty of opportunities. It is possible to sell your homes and invest the proceeds in a multifamily dwelling by using the 1031 Property Exchange. Altering your company’s strategy to accommodate multifamily dwellings is possible. But the rental income it generates should be steady. Real estate investors with the financial means to purchase multiple buildings that can withstand occasional vacancies often opt for multifamily housing.
You can obtain the cash flows necessary to reduce your mortgage by establishing several income streams, such as rentals. Buying multiple large apartment buildings rapidly is the best strategy for expanding a real estate portfolio. As time goes on, you’ll want to sell your apartment building. You can’t expect to get rich quick without taking any risks.
Is Becoming A Real Estate Mogul A Scam?
So, is becoming a real estate mogul a scam? Not technically. You can make money with this program, but it’s definitely not as easy as they make it sound.
There’s a ton of work to be done upfront, no real guarantee of success, and – most importantly – it doesn’t scale.
Now, there’s nothing wrong with front-loading the work and making the money later.
But if you’re grinding it out for 3 months and then your reward is being forced to grind it out for another 9 months before seeing any “real money,” well…that’s not a great deal, is it?
What if, instead, you could do that same 3 months of work (in your spare time), and your reward was a $500 to $2,000 payment that came in every single month?
And what if you actually didn’t need to wait 3 months? What if you could get started today and have your first payment in a week?
And what if you could double it next week?
Well, that’s the power of Digital Real Estate.
And you can legitimately do this from anywhere. It’s a true lifestyle business.
Your laptop and an internet connection is all you need.
Some of the most successful students in this program run their entire 6-figure businesses from:
- A camper in the middle of the woods
- A beach chair on the water in Mexico
- A small villa in Greece
They’re able to travel around, living their lives first, and focusing on their income second.
Because even if they stop working for an extended period of time, the money keeps coming in.
So adventure, memories, and experience are the top priority.
And they never have to worry about how to pay for the next trip, or consider asking for time off.
If this sounds more like the type of life you want to lead, just click here to find out more about Digital Real Estate.
Are There Alternatives To Becoming a Real Estate Mogul?
Yes, there are plenty of other business models to choose from if you want to pursue making money online. Here are just a few:
What Is My Top Recommendation In Making Money Online In 2022?
Our review team has spent months researching, reviewing, and vetting dozens of business models and thousands of programs.
While there may be no “perfect business”, the research IS conclusive:
Digital Real Estate is the #1 online business model for those just starting out.
Whether you’ve never made a dollar online, or you’ve been in this space for a while but never really “made it,” Digital Real Estate is for you.
1) It’s Flexible: got an hour a day? You can do this. Ready to drop everything else and dive in full time? You can do this. Yes, the more time you put in, the faster you see results. But even with a little time each day, you can move the needle in a Digital Real Estate business.
And because this system is so flexible, you don’t have to constantly be working to make more money. It’s called PASSIVE INCOME because if you stop working, the money doesn’t.
Imagine taking 3 months off to just tour around Europe, rent a cabin in the woods to write a book, hike the Appalachian Trail, or live on the beach and surf all day.
This is only possible if you have an income stream that’s not tied to your time.
2) You Own & Control EVERYTHING: With A Tow Truck Business, you don’t really own anything. You have no control over the quality of products. You don’t even own your “business”.
Look at the fine print for most of the agreements folks sign when they join one of these companies. At any point, the company can change your commission structure, reduce your profit margins, or kick you out entirely.
With Digital Real Estate, you own the assets, which means you have all the power and all the control.
3) Little To No Startup Costs: It’s possible to get into Digital Real Estate with zero dollars upfront. Because, using the strategies outlined in this program, you can get a client to pay you BEFORE spending a penny out of your own pocket…even before you do any work.
Even without getting paid in advance, you can have your first Digital Rental Property up, running, and generating profits for less than $100.
4) Easy To Duplicate: Ok, here’s the best part: once you have your first Digital Rental Property up and running, you can literally DOUBLE your income with a few clicks, a couple keystrokes, and a single phone call (and you don’t actually need the phone call).
Remember: each Digital Rental Property is worth $500 to $2,000 a month in semi-passive income (over 95% profit). Every time you decide to create another one and increase your income, it gets easier.
Because you have more knowledge, more experience, more results, and more momentum.
If you wanted to double your income with Starting A Tow Truck Business, you’d probably need to double the number of hours you spend working. Because, again, this program doesn’t scale.
5) Make Money Helping Real People: With Digital Real Estate, you’re actually helping people by solving your clients’ biggest problem:
Small, local businesses need more customers, and with Digital Real Estate, you are unleashing a flood of happy, paying customers for these businesses.
You make money by helping them make money.
Not a big, faceless corporation either…a small business owner who’s using that money to put food on the table for their family, start a college fund for their kids, or take care of a sick parent.
Once you see how Digital Real Estate makes a real impact in the lives of real people, you’ll sleep like a baby with a big smile on your face.
Now, the choice is yours. You could continue browsing, looking at opportunities like Starting A Tow Truck Business which could one day make you money.
You could continue researching, never making a decision.
OR, you could take a look inside, consider what you really want, and join a program that makes your dreams a reality. At the same time, joining a community of over 2,000 successful students that are living life on their own terms thanks to Digital Real Estate.
A consistent, reliable, semi-passive stream of income that doesn’t depend on you or your time to keep producing profits.
All while genuinely helping real people who are grateful and happy to pay for it.
If this sounds more like what you want out of life (or if you just want some nice side income), click here to learn more about Digital Real Estate.