Real Estate Information |
|
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: The Horse Realtor: Wyoming Real Estate Agent Focuses On Properties For Horse Owners Cowboy State Daily Brooklyn real estate vets launch firm to build 10K housing units in five years Crain's New York Business Big Spenders Were Buying Manhattan Real Estate Last Week Mansion Global Real estate agent 'paid to stand there' after taking on controversial '$200,000 job' as side hustle: 'Bludge' Yahoo Finance Australia New Florida Law Roils Its Condo Market Three Years After Surfside Collapse - The Wall Street Journal New Florida Law Roils Its Condo Market Three Years After Surfside Collapse The Wall Street Journal $2.2 Million Homes in California The New York Times UTSA grad Stephanie Florez to pursue her real estate career in New York City The University of Texas at San Antonio Sarasota-Bradenton real estate pros don't see a big price drop coming Sarasota Herald-Tribune 'Curious Conversations' podcast: Sherwood Clements talks about real estate values' impact on voting Virginia Tech Inman Selects Data Engineer III Felix Tom As 2024 Future Leader in Real Estate ATTOM Data Solutions Syd Leibovitch Is Addicted to Real Estate San Fernando Valley Business Journal Bremner Real Estate to provide development services for medical office building in Brownsburg – REJournals REjournals.com Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) Q1 2024 Earnings Call Transcript Yahoo Finance East Cobb residential real estate sales, April 22-26, 2024 East Cobb News Navigating Retail Real Estate Trends Globe St. Midloch Investment Partners, Fountain Real Estate Capital acquire 123608-square-foot industrial property in Golden ... REjournals.com Real estate firm Tishman moves into data centers, plans Frankfurt campus alongside Mainova DatacenterDynamics Property manager takes charge of downtown towers, Offices at Atria Sarasota Herald-Tribune Guthrie Center City Council to Consider Sale of City Owned Real Estate Raccoon Valley Radio The week's top commercial real estate transactions in Charlotte, Collier, Hillsborough, Lee, Manatee, Pasco, Pinellas ... Business Observer Montverde and the price of small town real estate WKMG News 6 & ClickOrlando Partners Real Estate closes sale of 12644-square-foot daycare facility in Georgetown – REJournals REjournals.com VIDEO | REAL ESTATE | Sneak peek at remodel as The Kettle starts to take shape washingtoncountyinsider.com Real estate transfers - Sent-trib Sentinel-Tribune Real estate, stocks: Some millennials doubled wealth in last 4 years Business Insider Buying a home? Good luck. Here's why Rochester real estate is crazy Democrat & Chronicle Radio Real Estate 5/11/24 My Bellingham Now Ask a Broker: No such thing as offseason in Aspen real estate Aspen Daily News Stock Market Predictions Next Week (May 13th) Norada Real Estate Investments Real Estate Agents Go Hollywood The New York Times Aspen Real Estate Snapshot, May 13 Aspen Daily News Delaware real estate home listing prices are on the rise The News Journal Columbiana County Real Estate Sales: $100K+, May 2024 businessjournaldaily.com Landlord Legislators Carved Themselves Out of Good… New York Focus Invesco Active U.S. Real Estate ETF (NYSEARCA:PSR) Shares Bought by Private Advisor Group LLC Defense World Samuel Stettheimer named commercial real estate reporter for the BBJ The Business Journals Empowering communities in real estate development Crain's New York Business Midloch Investment Partners, Fountain Real Estate Capital Buy Industrial Property in Suburban Minneapolis for $11.9M REBusinessOnline PGIM Real Estate buys six UK student properties from Unite Group IPE Real Assets A saltwater pool anchors the back yard of this $1.65 million home in West Des Moines Des Moines Register STAR resource center Department of Taxation and Finance Even a State-Linked Giant Can't Escape China's Real-Estate Crisis The Wall Street Journal Innovative Home Buying Platforms Trend Hunter California, United States Luxury Real Estate Home California Listings Real estate market accumulates a record stock of apartments Realnoe vremya California, United States Luxury Real Estate Home California Listings Weekly real estate sales from Douglas and Sarpy Counties Omaha World-Herald High-profile St. Matthews property for sale The Business Journals Barbara Corcoran: If You Wait For Real Estate Interest Rates To Go Down -- You'll End Up Paying More GOBankingRates Big San Jose office building is seized by lender as market wobbles The Mercury News Grand County Real Estate Transactions, May 5-11. Sky-Hi News Seven industry associations join forces to develop real estate carbon pricing strategy Workplace Insight Preserved Theophil Studios condo for sale Crain's Chicago Business SellWithZero Enhances the Real Estate Selling Experience with Proven Competitive Bidding Method EIN News |
RELATED ARTICLES
Choosing a Realtor Purchasing a property, either as an investor or as a prospective homeowner can be one of the most exhilarating and frightening experiences of your life. In both situations it is imperative that you find just the right property at the right price. Where Does Your Real Estate Commission Fee Go - Why is The Commission so HIGH? Many who have bought and sold properties through Realtors numerous times; even many real estate agents themselves, don't know where the commission money goes. After all, when a property sells for hundreds of thousands of dollars and the commission is tens of thousands of dollars, it seems like there is a terrific amount of money charged as commission -- and there is. Just Give Me Eleven Reasons to Buy in Dubai Buying overseas property is not always for the fainthearted but we think Dubai is an exception to this. Here are eleven reasons to buy in Dubai:1. Buying Property In Spain It's high time someone advocated the use of common sense and suggested that those people looking for that dream home in Spain actually apply a cautious approach to buying!After all, real estate is such a significant purchase for most people that you'd think people would be only too ready to think twice and long and hard before committing to purchase - especially when buying abroad where the rules and customs differ greatly to what we may be used to.But it seems that so many people are seduced by the sunshine in Spain and by aggressive and slick agents and developers that they are willing to purchase unseen, to buy off-plan or even remotely via the internet and to basically purchase without the slightest clue about just what it is they're getting for their money. Top 7 Reasons Why FSBOs Fail To Sell Their Home On Their Own! In the United States, less than 10% of all For Sale by Owners (FSBOs), are successful in selling their home by themselves. That*s because most people just give up because they don*t realize from the beginning the difficulty and complexity of the job ahead. Selling Your Home - Alone or with a Broker? How do you decide whether to sell your home (or land, farm, ranch, etc.) on your own or use a real estate broker? There are pluses and minuses to each approach. Property Investing Secrets 1 When property investing, pay the seller their asking price but negotiate the terms under which you can buy property. You'd be absolutely surprised when property investing at how many sellers will help fund you into their property. Real Estate Investing - Books,TV Infomercials, and Seminars Real estate investing has become popularized today because of real estate investing TV infomercials and traveling seminar circuits. But real estate investing has not always been so popular. Buying Property in Spain - How to Avoid Paying over the Odds Spain has a lot to offer Northern Europeans and until recently there was a marked difference between the price in their home country and a similar Spanish property. However many buyers have found to their cost that they paid way over the odds. Why You Should Rent To Live And Buy To Invest Why you should Rent a place to live in and Buy a place for Investment - Did you know that in your Bank's Accounts "Your House" is placed in "Their Asset Book." That means that the house you own and live in, is a "Liability. Real Estate Investing: Infomercial and Mentoring Scams Flipping through late-night infomercials recently, I saw two real estate get-rich quick schemes, and I couldn't help but wonder why people still fall for those old scams? Has anyone really talked a seller out of his home for no money down with owner financing lately?Real estate infomercials do great harm to beginning investors, who waste hundreds of dollars on old information. Worse yet, those beginners soon get discouraged and miss out on the true (and profitable) adventure of real estate investing. Home Selection Checklist - A Good Aid When Choosing a Home This home selection checklist is a tool to help you select a home that is right for you and your family. Before you select a home and get a mortgage, you need to know if you will be happy with the home you select for the coming years. First Impressions Will Sell Property Fast! First impressions count, buyers will have already formed an impression before they step into your property. A well-kept garden, pathway and fence, plus a freshly painted front door are immediately appealing, whereas a scruffy outdoor space with a litter bin outside the front door may turn many prospective buyers away. Real Estate Investing - Protect Your Privacy An irate tenant or disgruntled home-buyer, with the help of a willing attorney, can readily prompt a property search for a property owner in public records. The target of the search becomes someone who has deep-pockets as reflected in real estate assets. Estate Agents on the Costa Blanca Spain Properties for sale or to rent on the Costa BlancaAs a general rule of thumb, newly built properties on the Costa Blanca are generally cheaper than existing or re-sale properties - cheaper still if you buy 'off plan' (before the house has been started). Property prices have rocketed here over the last five - ten years and many fortunate people have found that their properties have grown in value enormously even before they had moved in! Even though the market is now leveling out, a property in Spain is still an extremely good investment. Realtors - Self Promote Your Way To Success Okay, so we all can agree - listings are the lifeblood of the real estate industry. And if the keys to selling them arelocation, location and location, then the challenge in getting them is self-promotion. Before You Buy A House - Top 10 Tips There are serveral things you need to think about and check on before you buy a house. Even looking at so many houses can be confusing. Directionals Move Properties One of the most effective and frequently overlooked methods of filling or selling a property is the use of directional arrow signs. I'm guilty of it myself, although usually I'm merely lazy instead of overlooking this great marketing technique. Real Estate Investing Works In Your Area Too! I hope you had a spectacular weekend!Things have been going great here at Investor Wealth Academy,and we are very excited about some major developments coming down the line for us later this summer.More on that later. Family Feud with an Auction Deadline - Adventures in Probate/ Estate Purchases One of our investor students told us of an interesting probate deal or "adventure" they're working on now and while it's a good story, it also illustrates lots of the ins and out of probate or estate issues and purchases.The Seller (we'll call him Scott) co-owned this house with his mom, and he co-signed on the loan with mom. |
home | site map |
© 2006 TIGER MEDIA |