The Ross Report

Making money while I sleep has always been appealing to me.  When I began reading self-help books a few years ago, I started to see that I could really make money without working so hard for it.  The Best part is, with the right property, you can make money three different ways.  Actually, I may even prefer the fact that I only do around 3 weeks of work a year to run the properties I currently own.

Making Money 3 Ways
When you purchase rental properties you are potentially buying an investment that can pay you in 3 different ways.

1. Tenants Pay Your Mortgage
To create a good investment you must make sure your expenses are being covered by the monthly rent you charge your tenant.  Every month you make a payment towards your mortgage, it comes closer to being paid off completely.  

2. Property Value Appreciates
Ok, ok I know what you’re thinking… the market is down right now, so how can the property go up in value?  Well, there are no guaranrtees, but on average the property value in the Orangeville area has generally gone up over the past few years.   If you were to purchase property now, you will likely get it for less then a year ago, allowing for higher increases over time.

3. Make Monthly Cash Flow
If you find the right property and manage to attract the right balance of rental income to cover all your properties expenses, and have some left over, you will be receiving positive “Cash Flow”.  The extra money left over each month can be used to pay for your groceries, save for a vacation, or better yet, another rental property!