There are so many ways to earn in the real estate industry. In most cases, we believe that those who own the most properties are the only ones who make millions. Do you know that you can also earn millions even without owning one?
In this video, Chis Choi, a Tiktok influencer, revealed how he became a multi-millionaire with the one real estate investing strategy tip that no one is talking about.
Choi said it's not flipping or wholesaling. It's called Rental Arbitrage business. It’s renting an apartment or house; you are legally subleasing it. You are making rent on top of your rent.
A good example is renting an apartment unit for $3000 per month and advertising it on Airbnb for $6000. You'll get a net income of $3000 per month. And that's passive income.
Choi said that it's the strategy he used to become a multi-millionaire by age 26.
Keep checking this space for more bite-size real estate tips from your favorite influencers.
Source: https://www.tiktok.com/@chriskjchoi/video/6905984967306775813
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Published by: Agnes Zang
Source: kisspr
Release ID: 140441