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Established in 1911, Douglas Elliman Precise Property is the most important brokerage in the New York Metropolitan space and the third largest residential real property company nationwide. One: Buy a low-earnings property, normally for $35,000 to $fifty five,000. Costs are low nevertheless yields are constant. Hand over all administration to a third-social gathering agency, and accumulate your monthly rent passively, bringing in annual returns of 8 p.c to 10 p.c. If you purchase two to a couple properties like this per yr, you must have a portfolio of 20 to 30 in a decade.
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