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Real Estate Information |
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Ten Myths Of Real Estate Investing
Is real estate investing only for the wealthy? Can you buy with no money down? Do you have to know the "right" people? Let's answer by looking at some of the myths of real estate. 1. Real estate investing is for the wealthy. Money helps, but my first real estate investment was a $3,500 lot - which I sold for a profit two weeks after I bought it. Small deals, partners, low-down deals, or just putting aside $7 per day for a couple years until you have enough money for a downpayment - these are some of the ways to start with a little and invest in real estate. 2. "0 down" isn't possible. I sold a rental property for $1,000 down because I trusted the buyer to make the payments, and I wanted the 9% interest and higher price. He could have gotten a cash-advance on a credit card for another $30 per month and made it a "0-down" deal. "No money down" means none of YOUR money down, and yes, it happens. 3. "0 down" is the best way. If you don't invest some of your own money, you'll have higher payments. You'll also spend more time finding suitable properties, and pay more for them (generally cooperative sellers want more for their cooperation - I do). There are 0-down deals out there - they just aren't always worth doing. 3. You need experience. Experience helps, but you get it by investing. Start with common sense, ask how you can lose money, be willing to learn the numbers, and you can start where you are. 4. Some investors have a "knack" for making money. Sort of. More accurately, some just took the time and risk to learn the market and continue their education. 5. You need to know the "right" people. It helps, so start the process. Talk to investors, real estate agents, landlords, etc. 6. You have to be great negotiator. If you learn to run the numbers and make the offers based on them, you can be the worst negotiator and still do okay. 8. You need insider knowledge. Understand one deal, and you are on your way. Read and read more, but the best "insider" knowledge comes from experience. 9. Fixer-uppers are safe. People have the idea that doing the work themselves is the safest way to assure a profit. Not true. Mis-planned "fix and flips" have bankrupted even experienced investors. Most poorly purchased rental properties will only eat a little money every month. 10. The key is lowball offers. The numbers have to work, and you need a plan. You can offer MORE than the market price and make money investing in real estate, if you understand creative financing - and how to do the math. Steve Gillman has invested real estate for years. To learn more, and to see a photo of a beautiful house he and his wife bought for $17,500, visit http://www.HousesUnderFiftyThousand.com
MORE RESOURCES: Finance Guru Dave Ramsey Built This Lavish Tennessee Estate—Now It's Back on the Market for $15 Million Realtor.com CoStar sues Zillow over photos, claims ‘systematic infringement’ Real Estate News by RealEstateNews.com Blackstone Executive Wesley LePatner Died in NYC Shooting Business Insider Slain Blackstone executive was a real estate powerhouse Crain's New York Business Real estate: Home prices climb in Martin, Indian River counties; fall in St. Lucie County Treasure Coast News Real Estate Investment Trusts Score Legislative Wins Forvis Mazars US Seattle-area real estate startup Flyhomes raises $15M as it pivots to 'Buy Before You Sell' model GeekWire After 30 years, Linda A. Gary Real Estate moves office from prominent Worth Avenue corner Palm Beach Daily News Brokerage Growth Dominated by New Models Mike DelPrete - Real Estate Tech Strategist Central Pa. real estate company expands to Georgia Central Penn Business Journal New bill aims for stricter penalties against real estate brokers who violate housing discrimination laws The Bay State Banner Fed resists pressure to lower rates at July meeting Real Estate News by RealEstateNews.com The market is changing — and the industry's old rules are outdated Real Estate News by RealEstateNews.com SRS Real Estate Partners Arranges $7.5 Million Ground Lease Sale of Wawa in Jackson Township, NJ citybiz Real estate: Condo prices rise in Indian River County; fall in Martin, St. Lucie counties Treasure Coast News Big Moves in Tucson: KMS Realty Merges with United Real Estate Specialists to Expand Services and Reach Morningstar Atlanta real estate mogul, former Hawks owner Tom Cousins dies at 93 Atlanta News First AI that replaces ‘human hires’; another brokerage deal for Canva Real Estate News by RealEstateNews.com I-78/I-81 Corridor commercial real estate activity picking up Lehigh Valley Business Mortgage Rates Today: The States Offering Lowest Rates – July 30, 2025 Norada Real Estate Investments CREFC Sentiment Index Surges in Q2 2025, Signaling Rebound in CRE Market Optimism Boston Real Estate Times Jersey County property sales recorded July 21-25 Alton Telegraph NAR Pending Home Sales Report Shows 0.8% Decrease in June National Association of REALTORS® Aperture Global Real Estate Announces Partnership With Rechat to Power the Next Era of Luxury Real Estate Business Wire 10 metro Detroit suburbs where homebuyers can still find a deal Detroit Free Press Troy Furbay has been appointed Managing Director, Hospitality at Crescent Real Estate LLC Hospitality Net Mortgage Rates Predictions for the Next 90 Days: August to October 2025 Norada Real Estate Investments Real estate giant Blackstone caught in crossfire after top executive Wesley LePatner killed in NYC shootin The Economic Times Richland County property transfers recorded July 21-24 Mansfield News Journal Delaware June home sales stronger than national numbers; median sold price at record high The News Journal US industrial real estate investor Terreno sells $82m portfolio IPE Real Assets Pacific Development and PGIM Real Estate Land $97 Million Construction Loan for Landmark Mixed-Housing Project in Santa Rosa Yahoo Finance ‘Walking beside him’: Daughter continues stepfather’s real estate dream Mountain Home Observer Top residential real estate sales for July 14-18 in Longboat, Lido, St. Armands, Bird Key Your Observer Judge sides with LGBTQ+ Alliance in battle with ex-CEO Real Estate News by RealEstateNews.com Double digit price increases for Putnam real estate Mid Hudson News Remote Bookkeeping Services from IBN Technologies improves U.S. Real Estate Firms Financial Oversight Barchart.com News | Bank of Canada decision to hold overnight rate steady keeps real estate industry waiting CoStar Real Estate Expert Jody Wainio of Buyers Choice Realty Shares Advice on Mortgage Pre-Approvals in HelloNation GlobeNewswire Professional Services Automation Simplifies Real Estate Workflows with Help from IBN Technologies openPR.com The real estate market: 5 key themes to watch this week Real Estate News by RealEstateNews.com Universities leverage their real estate amid financial shortfalls and demographic cliff The Business Journals Pacific Development and PGIM Real Estate Land $97 Million Construction Loan for Landmark Mixed-Housing Project in Santa Rosa Business Wire News | UK commercial real estate investment slips slightly to £10 billion in second quarter - CoStar Christie’s Debuts Crypto Real Estate Division The New York Times A Market in Motion: Rethinking Real Estate Horizons in Turkey Modern Diplomacy Real Estate Attorney Michael Fralin Urges Professionals to Reclaim Focus and Rethink Career Growth openPR.com |
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