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Real Estate Investing - The First House Purchase
Real estate investing usually begins with the purchase of a house, rather than raw land or commercial property. The purchase of a relatively inexpensive house for rental or fix-up purpose is usually lower risk than any other type of real estate investment. And the return on investment can be quicker than from any other type of real estate investment. Even with the previous acquisition of one or more personal residences spread over past years, the thought of buying a house as a real estate investment can be intimidating. Even though a personal residence acquisition is usually identical with a real estate investing acquisition, the two are seldom envisioned as similar. True, the ramifications of real estate investing property is different. Investing in houses must involve different considerations, such as improvements, usage, and re-sale. But the actual purchase does not differ from the closing procedures for a personal residence. The first house in a real estate investing career can be scary because it is the beginning of a new business venture. The would-be real estate investor usually recognizes that mistaken judgment can have disastrous consequences. The lack of experience prompts misgivings about the unknown. Genuine confidence is necessary to make the decision to follow through after the preliminary analysis is completed. In fact, it seems to me that real confidence - in contrast to egotistical bravado - is a personality ingredient prerequisite to entry into a real estate investing career. I was admittedly fearful as I bought my first investment house 25 years ago. I had little valid instruction in making that first purchase. But I was driven by an intense drive to actualize a career I had envisioned for some time. I was like so many would-be investors I have encountered during the intervening years. They keep walking around the pool, dipping their toe into the icy waters, afraid to suck up and take that mighty leap out into the pool's cold water. But after I bought that first investment house, I bought another and another. Each acquisition got easier and easier. I bought $1 million in properties the first year, and another $1 million in properties the second year. By that time, I knew I was on the way to success. Acting on my fears led to faith in my abilities. And faith and fear cannot remain in the same mind at the same time. The greatest challenge in my real estate investing career was the purchase of my first house. It might be your greatest challenge, too. But know-how can displace the intimidation, and lead to positive satisfaction in real estate investing. Phil Speer, Ph.D., started his real estate investing career without the availability of credit or cash. Using only a $10 bill, he purchased $1 million in properties in his first year, and had accumulated $10 million in properties by his fourth year. His net worth was $2 million in only his third year of investing. He was featured in a Wall St.Journal editorial as most successful investor in the Nothing Down Real Estate Movement, and was honored with a Caribbean cruise as top investor of the year. In his hometown of Nashville, Tennessee, he has been a businessman and Human Resources Consultant for 30 years. He is an author, speaker and seminar director. To learn how to profit in real estate investing, even without cash or credit, read his report athttp://www.CashinHouses.com/. Subscription is free to his Fix-up Ezine - http://www.AAREIT.com/.
MORE RESOURCES: Florida real estate sellers slashing home prices as inventory surges to uncomfortable levels New York Post How real estate commission changes could affect buyers and sellers The Washington Post The Folly of China's Real-Estate Boom Was Easy to See, but No One Wanted to Stop It The Wall Street Journal Here’s the latest on commercial real estate sales in Baton Rouge Greater Baton Rouge Business Report Blackstone makes more real estate moves InvestmentNews Berkshire Hathaway's real estate firm to pay $250 million to settle real estate commission lawsuits The Associated Press Clearwater property owners sell $58M real estate portfolio to Church of Scientology parishioner FOX 13 Tampa Former HGTV star gets jail time for real estate fraud WGN TV Chicago Buffet's real estate brokerage to pay $250M settlement in commission lawsuits The Dallas Morning News Routt County real estate sales at $26.2M from April 19-24 Steamboat Pilot & Today Blackstone's Beleaguered Real-Estate Fund Stems Exodus The Wall Street Journal EG Real Estate: A Block of Historic Downtown Hits the Market – East Greenwich News East Greenwich News Navigating Real Estate Law with The Mullin Blankfeld Group KLAS - 8 News Now The Pipeline: Commercial real estate roundup for 4.26.24 RichmondBizSense Can Robert Kiyosaki's Real Estate Investing Make You Rich in 2024? Norada Real Estate Investments Warren Buffett's Real-Estate Firm Settles Antitrust Matter for $250 Million The Wall Street Journal An ongoing issue for the Rockford-area's top-ranked real estate market: Not enough homes on the market Rock River Current Real estate, business leaders help honor Milwaukee-area real estate projects: Slideshow - Milwaukee Business Journal The Business Journals Judge Approves $418 Million Settlement That Will Change Real Estate Commissions - The New York Times Reversing the Real-Estate Doom Loop Is Possible. Just Look at Detroit. The Wall Street Journal This is America's Hottest Luxury Housing Market of 2024 Norada Real Estate Investments Real estate experts share a message for home buyers as they predict rising home prices through 2025 Fox Business This ornate Queens home with $1M of mahogany additions asks $5.77M -- one of the priciest in the borough New York Post A+ Real Estate: See How Much It Costs To Buy a Home in the Nation's Top 10 School Districts Realtor.com News Berkshire Hathaway's real estate firm to pay $250 million to settle real estate commission lawsuits The Atlanta Journal Constitution New Jersey DOI mulls $250m commitment to Bain real estate fund IPE Real Assets Berkshire Hathaway's real estate firm to pay $250 million to settle real estate commission lawsuits El Paso Inc. Solano Real Estate Scene: Back road to downtown Suisun City Fairfield Daily Republic Some Exciting North TX Real Estate Projects in 2024 The Dallas Express Solano Real Estate Transactions: April 26, 2024 | Solano Business | dailyrepublic.com Fairfield Daily Republic Rockford Is Now America's Top Housing Market After an Improbable Turnaround The Wall Street Journal Mike Wyatt's legacy: Longtime Dallas real estate broker remembered - Dallas Business Journal The Business Journals Real estate transfers: 3 Stark County homes sell for $500000 or more Canton Repository reAlpha Tech Corp. Launches Claire, Real Estate's First AI-powered, Zero-Commission Smart Buyer's Agent Business Wire San Francisco Buyers Bring Its Luxury Housing Market Back to Life The Wall Street Journal $2.2 million Key Biscayne townhome highlights this week's Real estate deals for Key Biscayne and Brickell Islander News.com real estate market and insurance Sacramento Appraisal Blog Real Estate Investment in Belize - Luxury Beach Front Opportunities | Covington-Maple Valley Reporter Covington-Maple Valley Reporter Berkshire Hathaway's real estate firm to pay $250 million to settle real estate commission lawsuits Northeast Mississippi Daily Journal $5 billion real estate firm St. John Properties opens office in Plano The Dallas Morning News Coima selected for €500m Intesa Sanpaolo real estate mandate IPE Real Assets Cincinnati zoning changes: Homeowners rip into city - Cincinnati Business Courier The Business Journals Homebuyers and sellers might spend less following major real-estate settlement - Evanston RoundTable Homebuyers and sellers might spend less following major real-estate settlement Evanston RoundTable Recent commercial real estate transactions - 4/24/24 BizTimes Milwaukee Is The Housing Market Going To Crash? Bankrate.com Real-estate agent's ritzy Hamptons home used in fake Airbnb scam Business Insider Former Laconia State School property back on the market Conway Daily Sun Agencies' headquarters in DC remained 'nearly empty' in 2023, real-estate board finds Federal News Network Real Estate Quarterly: Auctions On the Rise Los Angeles Business Journal California Housing Market: Trends & Predictions for 2024 Norada Real Estate Investments Chris Hemsworth's Homes: Inside the Marvel Star's Real Estate Portfolio Architectural Digest Big Tech Is Downsizing Workspace in Another Blow to Office Real Estate The Wall Street Journal Homes for Sale in Manhattan and Queens The New York Times Banks Believe They Are Well-Prepared for Commercial Real Estate Fallout The Wall Street Journal The Top 3 Real Estate Stocks to Buy in April 2024 InvestorPlace The World's Wealthiest Individuals Are Focused On Real Estate - Here's How You Can Build Your Own Real Estate ... Yahoo Finance New Mexico SIC commits $550m to real estate funds IPE Real Assets |
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