Although he had a great job for 10 years in the "dot com" industry working long hours at Internet pioneer Lycos, author Matthew A. Martinez of "Two Years to a Million in Real Estate" realized there was little security for him as he watched his co-workers losing their jobs. He soon discovered real estate investing offers long-term advantages such as market-value appreciation, leverage, tax savings, cash flow, reliability, and freedom from a 9-to-5 job. While still working for Lycos, Martinez's first real estate "investment" in 2000 was a Boston condominium that not only appreciated in market value but also produced borrowing power for his 2002 down payment on a nearby three-unit rental building. Soon thereafter, Martinez bought a six-unit building, and then a nine-unit property, all with positive cash flow. Purchase Bob Bruss reports online. In 2003, Martinez analyzed his rental-property cash flow and decided he could afford to quit his "day job" and devote full time to real estate in...
by Brad Inman | on Mar 21, 2017
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