BiggerPockets: How I Make $1 Million in Annual Cash Flow After Less Than 10 Years of Investing

Investing takes time. That’s a concept that can get overlooked in a bull market when prices soar higher by the day. But with diligence, hard work, and patience, investing in nearly any asset class can pay off well.

For most Americans, their home becomes their largest source of wealth. Further investments in real estate can make a big difference in long-term returns.

That’s because real estate often involves borrowing most of the money needed to make a purchase, and paying it off over time. While many are fearful of debt, the kind of debt used to buy cash-flowing real estate can come in handy.

For real estate, as with investing in stocks, the specific opportunities matter. As the old adage goes, location, location, location.

Some local markets may be a great investment opportunity right now. Others might be overpriced or incapable of seeing big gains moving forward.

The biggest hurdle to real estate investing is capital. Getting enough money for a down payment on a property may mean having to start small.

Investors can then flip properties for larger deals over time. It could also mean refinancing existing properties or using home equity lines of credit to obtain more income.

To look at all the ways you can grow your wealth and cash flow through real estate, click here.