Landlord – Business Dynamics and Economics

I love the game of Monopoly. My sons enjoy playing it too. But we all have the same complaint about the game; it takes forever to accumulate all the wealth and ultimately win the game. Being a landlord means the same thing. It will take a long time to accumulate wealth. For those of you considering becoming a landlord, there are certain business dynamics and economics you should understand. 

Patience is the primary business characteristic you must endure to accrue wealth. In addition, you must possess the business acumen needed to be shrewd in acquiring property and renovating the property to last long periods of time with little maintenance. In addition, understanding the tax implications is essential in turning real estate into real wealth. When you understand all these business dynamics and the economics of real estate; you can see how you can become wealthy as a landlord.

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