The “property ladder” is a phrase my British friends use.
It describes investing in property so that you can ride up the increase of value over time.
Which is exactly what buy-and-hold investors do.
Is it really like a ladder?
Do you always move up a rung just because you jumped on?
Yes, it can be.
But you need to have more of a plan than that.
Because things can, and do, go wrong.
So while it is good to be on a ladder, you don’t want to misplace your foot, fall off, and break your skull open.
Which is exactly what many landlords and property owners do… (figuratively, not literally!)
So how do you climb the ladder and not get hurt?
You need a coherent plan to do things right.
Owning apartment buildings is a great way to do it right.
* They appreciate just by improving the property or raising the rents. Both of which you control (in addition to the overall area and economy improving).
* If you have a vacancy in one unit, you still have the other units providing cashflow, so all your eggs aren’t in just one basket (like with a single family house).
* With larger buildings you tend to hire a property manager and resist the temptation to try and manage it yourself (a big mistake that destroys your lifestyle).
* When you have the significant cashflow that an apartment building provides, you are able to retire early, live life on your own terms, and achieve the lifestyle you’ve been craving.
Want to learn how?
Next week my friend Brad Sumrok (yes, I’m actually friends with Brad and his wife Jen, I’m not just saying that) will be at Traction REIA teaching you how he earns double-digit returns and retired early exclusively through Multi-Family Investing.
Brad is an active Multi-Family Apartment Owner. He is a Principal in over 1,000 units and in 2012 he received the prestigious Paragon Award as “Independent Rental Owner of the Year” from the National Apartment Association.
He knows what he’s doing.
And he knows how to teach it so that you’ll understand it too.
Brad will be at both Traction REIA meetings next week and then is conducting a full-day training named “How to Earn Double Digit Returns and Retire Early by Investing in Apartments” on Saturday September 19th.
Grab your seat now (This is going to be a full house):
Traction Real Estate Mentors