Just a few years later when the credit crisis hit, the Stockton properties she sold were worth about $100,000 each.

The Dallas properties were brand new, in middle class neighborhoods near high-paying jobs and good schools. Keep in mind that the California properties were old, in high-crime areas and in need of repair. She had been receiving $1200 rent on the California properties and was elated to discover she could get the same rent on her new properties, and effectively triple her monthly income! This gave her the extra income she needed to retire. She listened to me, and sold each Stockton property for about $420,000 and was able to exchange them for 9 cash flow homes in Dallas. In fact, salaries were increasing much faster than home prices, unlike California. Dallas real estate was actually undervalued by 26% at the time. Of course, those loans would inevitably adjust and the borrower wouldnвЂ™t be able to afford the higher payment.ДЄt that time, I advised a woman who owned 3 properties in Stockton to sell and exchange those homes for properties in Dallas, Texas. The average person could not afford the average property in California in 2006, without the help of crazy stated-income or negative amortization loans. ThatвЂ™s why we advised our members at RealWealth to SELL California property and exchange it for properties in more affordable markets. Learn how they did it! IntroductionД«ack in 2006, we knew that California real estate was in a frothy bubble. Many of them started with little or no money and are now making as much as $13,000 per month in passive income.

Summary: In this article youвЂ™ll read 6 real estate investing success stories from real investors.

Millionaires success story