Saturday, December 6
Sources of Passive Income: Investor (Part 3) - Real Asset Investing
What is real asset investing?
Real Asset is an accounting terminology by the way.
They are the properties like house, apartment, condominium, building, resorts and the like.
Real Asset Investing is also known as Real Estate Investing.
We acquire foreclosed properties and then we have them leased to others for a long period of time.
When we acquire foreclosed properties, normally, banks let's us pay them for more than 10 years. What we do is we have the properties leased or rented for a long period of time and we have them rented/leased above our amortization payments.
At the end of our payment period to the banks, the properties are already ours. Yes, titles transferred to our names. And we are enjoying continuing rental income from our tenants.
Is it good? or is it great?
Real Asset is an accounting terminology by the way.
They are the properties like house, apartment, condominium, building, resorts and the like.
Real Asset Investing is also known as Real Estate Investing.
We acquire foreclosed properties and then we have them leased to others for a long period of time.
When we acquire foreclosed properties, normally, banks let's us pay them for more than 10 years. What we do is we have the properties leased or rented for a long period of time and we have them rented/leased above our amortization payments.
At the end of our payment period to the banks, the properties are already ours. Yes, titles transferred to our names. And we are enjoying continuing rental income from our tenants.
Is it good? or is it great?
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