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Real Estate Investing and Home Ownership
If you already own your home, you will probably make money in real estate without ever buying another property. The home you are currently buying with a mortgage is probably one of the most valuable appreciating assets you will ever own. You are making money by living in your own home, even if you never buy any additional property. This, within itself, makes you a successful real estate investor. I have been fascinated with real estate investing for many years, but it all began with a startling discovery 35 years ago. In 1970 I had bought a little house for my family in the Green Hills area of Nashville. It wasn't much, but it was adequate and it was home. In 1978, we decided to sell. We sold that little house for $67,000. That's when the light bulb went off in my head. I was shocked with a discovery that led me to fall in love with real estate investing. I suddenly realized that we had made $40,000 profit in 8 years JUST LIVING IN THAT HOUSE! We had not painted it. We didn't add any rooms. We built no patio. We just lived in it!!! We had made $5000 a year simply living in that house. I began to think to myself: what if I had two similar houses that generated $10,000 a year profit? Or, five houses that generated $25,000 a year profit? I began to fantasize the possibilities. This awareness launched my real estate investing career. Soon I was buying millions of dollars in real estate. But the real challenge was buying real estate without any capital. I had just experienced a serious business failure, and had no cash reserves and no credit. I learned how to buy a house with only a $10 bill. I never walked into a bank to ask for a loan, and I never applied for a mortgage. But conquering the challenge led to buying $10 million in real estate in only four years. That whopping $40,000 profit that went into my pocket from simply living in that house I sold in 1978 was just the tip of the iceberg. I still live in the Green Hills area of Nashville. I pass that same house every day that we owned in the 1970s. It recently went on the market again, and it quickly sold. This time that same house sold for $200,000. I don't know what's been done to improve the interior, if anything, but no exterior changes have been made to that house. It's still about 2000 sq.ft. The lot is the same size. But the value has increased significantly. Discovering this concept has made real estate investing very exciting to me. Phil Speer, Ph.D., started his real estate investing career 25 years ago. With no credit and using only a $10 bill, he purchased $1 million in properties his first year, and accumulated $10 million in properties within 4 years. http://www.CashinHouses.com/ He was featured in a Wall St.Journal editorial as most successful investor in the Nothing Down Real Estate Movement. He won a Caribbean cruise as top investor of the year. In his hometown of Nashville, he has been a businessman and Human Resources Consultant for 30 years. He is an author, speaker and seminar director. Anyone can profit in real estate investing, even without cash or credit. http://www.CashinHouses.com/ Subscription is free to his Fix-up Ezine. He and other contributing authors provide free articles and resources on real estate investing at his online "Academy of Advanced Real Estate Investing Techniques" at http://www.AAREIT.com/
MORE RESOURCES: The Horse Realtor: Wyoming Real Estate Agent Focuses On Properties For Horse Owners Cowboy State Daily Refined Real Estate: Groovy Mercer Island home lists for $2,350,000 seattlerefined.com Aspen Real Estate Snapshot, May 13 Aspen Daily News How much are NJ rentals? How much do I need to make to rent? NorthJersey.com Massive Los Angeles real estate project has Hawaii connection Honolulu Star-Advertiser Even a State-Linked Giant Can't Escape China's Real-Estate Crisis The Wall Street Journal Erie County real estate transactions Buffalo News Sarasota-Bradenton real estate pros don't see a big price drop coming Sarasota Herald-Tribune Navigating Retail Real Estate Trends Globe St. Buying a home? Good luck. Here's why Rochester real estate is crazy Democrat & Chronicle Delaware real estate home listing prices are on the rise The News Journal Worcester County real estate transfers, Sunday, May 12 Worcester Telegram Real estate market accumulates a record stock of apartments Realnoe vremya Cormark Weighs in on Boardwalk Real Estate Investment Trust's Q2 2024 Earnings (TSE:BEI) Defense World FY2025 Earnings Estimate for Boardwalk Real Estate Investment Trust (TSE:BEI) Issued By National Bank Financial Defense World REAL ESTATE | A look inside The Lofts at Cedar Lake on the campus of Cedar Community washingtoncountyinsider.com How the NAR settlement impacts future homebuyers WVTM13 Birmingham STAR resource center Department of Taxation and Finance Real estate agent 'paid to stand there' after taking on controversial '$200,000 job' as side hustle: 'Bludge' Yahoo Finance Australia Property transfers that took place in April in Greater New Bedford SouthCoastToday.com Is Boise Housing Market Booming? Expert Predictions on Rising Prices Norada Real Estate Investments Carey International Group Appoints Christopher Kane as Chief Investment Officer to Drive Expansion in Renewable ... SolarQuarter David Auto owner's Main Line mansion finds buyer in under a week The Business Journals Property transfers that took place in Greater Fall River Fall River Herald News Grand County Real Estate Transactions, May 5-11. Sky-Hi News $2.2 Million Homes in California The New York Times Room to grow: Why Austin needs more homes Austin Business Journal RE/MAX Integrity-The Spencer Team shares insights on real estate trends, first-time buyer tips Community Impact Single women power ahead of men as key real estate demographic shifts Sarasota Herald-Tribune Billionaire Barry Sternlicht expects one bank failure per week due to real estate's 'fragile' loans Fortune Trump confidant and real estate investor says Newsom's California, New York economies are a 'disaster' Fox Business Influencers in Retail Real Estate 2024 Globe St. Smaller homes on smaller lots: Could “light touch density” help erase Colorado’s housing deficit? The Denver Post Housing Market Boom Coming: Expert Makes Bold Prediction Norada Real Estate Investments 65% Stock Market Crash: Top Economists Share Scary Predictions for 2024 Norada Real Estate Investments The Boulder Bubble: Exploring the Factors Behind the City's Thriving Real Estate Market | About Boulder County ... About Boulder What is the real estate 'lock-in effect' in Rochester? It might cost you a lot of money. Democrat & Chronicle Inside Blackstone's Real-Estate Buying Spree As Valuations Plummet Business Insider Unpacking the Firestorm Over Blackstone's Real Estate Valuations Wealth Management Study finds Atlantans lost $1.25 billion in equity in real estate dealings with corporations WSB Atlanta Real estate bubble: How Country Garden saves itself from its creditors • Table.Briefings Table.Media Morocco : Mohamed Boudrika keeps his real estate business in the family Africa Intelligence Real Estate Showdown: A Brownstone vs. a Farmhouse Boston magazine One New York Office Building Shows the Stress in the $20 Trillion Commercial Real Estate Market Bloomberg Crypto: This is how tokenization revolutionizes real estate Cointribune EN Owner of defunct golf course outside Auburn buys neighboring land Sacramento Business Journal Massachusetts real estate transfer fees could lead to losses in Boston, other cities, towns: report Boston Herald California Housing Market: Trends & Forecast for 2024 Norada Real Estate Investments Summer means time for annual maintenance Washington Blade Billionaire Barry Sternlicht predicts weekly bank closures Business Insider Real estate news: Downtown Santa Ana property destined for 15 lofts sells for $1.16 million OCRegister Williamson County Property Transfers April 22, 2024 Williamson Source First National - CEO - real estate Elite Agent 13 Stocks to Buy As Real Estate Enjoys a Major Rebound: BMO Business Insider |
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