Maintaining rental properties is an excellent way to generate income. For those who possess the means, purchasing residential units and leasing them out to tenants is one of the most dependable ways to accumulate personal wealth. Generally speaking, the larger the portfolio of properties a landlord owns, the higher the financial returns. That being said, not all properties are created equal — some are worth owning, and some are not. Each property ought to be assessed individually, using a slate of well-proven, time-tested criteria to determine whether or not it is worth buying. So, what are these criteria? On what…

A Synopsis of Four Proven Ways to Make Money From Residential Lands and Properties

One of the most tried and true ways to increase personal wealth is by investing in residential real estate. Despite a few hiccups in the housing market every so often — most notably the sub-prime mortgage crisis of 2007–2010 — there is no more consistent and dependable source of income than owning residential lands and properties. But for those looking to make their first foray into the world of real estate, the sheer complexity of the marketplace can be daunting.

Investment success requires diligence, hard work, and a familiarity with the inner-workings of the industry. So, where does one begin…

Michael Sico

Michael Sico is a partner and the Chief Financial Officer at Michael John’s Developers L.L.C., in Franklin, New Jersey.

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