Do you want to earn thousands or even millions of dollars in real estate today? There are many people out there trying their luck in real estate investing to become wealthy. Some fail but most of them succeed. I’m writing this article to give several advises and suggestions on how to become wealthy in real estate today.

We are usually encouraged by some individuals to invest our money in Money Market Accounts, Cds and Stock Markets. However, the rate of return for these types of investments nowadays is abysmal. Like for example, you can only receive 0.90% payout annually in Money Market Accounts and Cds annual payout of between 0.25 and 1.14%. There is no guarantee that you can make profit in Mutual Funds and Stocks as it changes almost every day.

There is a huge possibility in real estate that you can earn a profit of up to 300% or even more on your investment. Aside from that, you will be having more free time to spend with your family to relax and enjoy together because you are working for yourself. More Americans are considered real estate investing as one of the safest and best method of accumulating wealth. In fact, fortunes of most wealthy people in America have created through real estate.

What is the secret to real estate investing success?

The only secret to success in real estate investing is by implementing different investment strategies so that you can create different streams of income. Here are the top 3 real estate investment strategies that can bring you wealth.

Rehabbing – This is a strategy where you buy bargain properties such as short sales, foreclosures, REOs and bank owned. Fix it up and sell it at retail price. You can earn a potential greater profit using this strategy than wholesaling; however it will take you a lot of risk and more time to get paid.

Wholesaling – This is probably the most popular strategies investors used. They put property under contract and sell their rights to the contract to a second party for a fee. Many investors out there are looking for homes to rehab and are willing to purchase wholesale.

Buying and Holding – This is a simple strategy where you buy and hold a property. You can receive constant income every month by renting it out. One advantage of buying and holding is you can sell the property immediately when the prices will go up high. However, the downside in this strategy is you will go through periods of receiving nothing coming from the property because there is no tenant.

The best way to accumulate true wealth in real estate is to implement these three strategies all together. However, it is advisable for those who are new in real estate investing to start doing just one and as you getting more wealth and experience on it you can then start trying the two others.

Mike Miks has been investing in real estate for almost 10 years. He is also the owner of West Haven Utah Real Estate Home Services. A real estate investment company in Utah which specialized in selling West Haven UT homes for sale by terms.