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Established in 1911, Douglas Elliman Precise Property is the largest brokerage in the New York Metropolitan space and the third largest residential actual property company nationwide. One: Buy a low-earnings property, usually for $35,000 to $55,000. Costs are low however yields are constant. Hand over all administration to a 3rd-get together firm, and gather your month-to-month hire passively, bringing in annual returns of 8 p.c to 10 p.c. If you are going to buy two to a couple properties like this per year, it is best to have a portfolio of 20 to 30 in a decade.
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