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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: 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 Real estate experts share a message for home buyers as they predict rising home prices through 2025 Fox Business Here’s the latest on commercial real estate sales in Baton Rouge Greater Baton Rouge Business Report Chris Hemsworth's Homes: Inside the Marvel Star's Real Estate Portfolio Architectural Digest Clearwater property owners sell $58M real estate portfolio to Church of Scientology parishioner FOX 13 Tampa Berkshire Hathaway's Real Estate Firm to Pay $250 Million to Settle Real Estate Commission Lawsuits U.S. News & World Report Blackstone makes more real estate moves InvestmentNews Navigating Real Estate Law with The Mullin Blankfeld Group KLAS - 8 News Now Blackstone's Beleaguered Real-Estate Fund Stems Exodus The Wall Street Journal Former HGTV star gets jail time for real estate fraud WGN TV Chicago An ongoing issue for the Rockford-area's top-ranked real estate market: Not enough homes on the market Rock River Current Routt County real estate sales at $26.2M from April 19-24 Steamboat Pilot & Today Buffet's real estate brokerage to pay $250M settlement in commission lawsuits The Dallas Morning News EG Real Estate: A Block of Historic Downtown Hits the Market – East Greenwich News East Greenwich News Warren Buffett's Real-Estate Firm Settles Antitrust Matter for $250 Million The Wall Street Journal 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 Can Robert Kiyosaki's Real Estate Investing Make You Rich in 2024? Norada Real Estate Investments Real estate, business leaders help honor Milwaukee-area real estate projects: Slideshow - Milwaukee Business Journal The Business Journals Max Azria's Manse Hits the Market, an Edward Fickett House Lists, and More Real Estate News Architectural Digest The Pipeline: Commercial real estate roundup for 4.26.24 RichmondBizSense Berkshire Hathaway's real estate firm to pay $250 million to settle real estate commission lawsuits El Paso Inc. East Austin real estate booming after Tesla The Business Journals This ornate Queens home with $1M of mahogany additions asks $5.77M -- one of the priciest in the borough New York Post Mike Wyatt's legacy: Longtime Dallas real estate broker remembered - Dallas Business Journal The Business Journals 10 Cheapest Florida Beach Vacations for 2024: Affordable Beaches Norada Real Estate Investments A+ Real Estate: See How Much It Costs To Buy a Home in the Nation's Top 10 School Districts Realtor.com News New Jersey DOI mulls $250m commitment to Bain real estate fund IPE Real Assets Rockford Is Now America's Top Housing Market After an Improbable Turnaround The Wall Street Journal Solano Real Estate Scene: Back road to downtown Suisun City Fairfield Daily Republic Solano Real Estate Transactions: April 26, 2024 | Solano Business | dailyrepublic.com Fairfield Daily Republic Some Exciting North TX Real Estate Projects in 2024 The Dallas Express From First-Class to Super Prime: A Luxury Real Estate Success Story News Channel Nebraska $2.2 million Key Biscayne townhome highlights this week's Real estate deals for Key Biscayne and Brickell Islander News.com reAlpha Tech Corp. Launches Claire, Real Estate's First AI-powered, Zero-Commission Smart Buyer's Agent Business Wire Real estate transfers: 3 Stark County homes sell for $500000 or more Canton Repository real estate market and insurance Sacramento Appraisal Blog San Francisco Buyers Bring Its Luxury Housing Market Back to Life The Wall Street Journal $5 billion real estate firm St. John Properties opens office in Plano The Dallas Morning News 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 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 Bowling Green Daily News Recent commercial real estate transactions - 4/24/24 BizTimes Milwaukee Coima selected for €500m Intesa Sanpaolo real estate mandate IPE Real Assets Real-estate agent's ritzy Hamptons home used in fake Airbnb scam Business Insider Is The Housing Market Going To Crash? Bankrate.com Cincinnati zoning changes: Homeowners rip into city - Cincinnati Business Courier The Business Journals 9 Ways Rich Real Estate Owners Save Big on Estate Taxes Business Insider 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 Berkshire Hathaway's real estate firm to pay $250 million to settle real estate commission lawsuits MSN Big Tech Is Downsizing Workspace in Another Blow to Office Real Estate The Wall Street Journal |
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