It's a fact that around 80% of all millionaire's made their fortunes investing in real estate .
Real Estate investing is one of the easiest ways to make money.
In one way, that's true.
You don't need a degree of any kind but you do need to educate yourself.
With a reasonably small investment and a fair amount of work, you can buy a propertyand sell it for a healthy profit and the long-term future always pays off in real estate.
The learning curve can be a little steep when just starting out.
Real Estate investing, no matter where you live, can seem like a complicated business.
Here are some things to consider when getting started.
You'll need to invest in some time before investing your money.
Be realistic and think about what financial goals you want to achieve and over what time frame.
But remember this...
home prices have always been rising and always will be.
Like any market though, property prices may go down, and when they do, worried, uneducated owners/investors sell, smart investors buy.
Write down a detailed business plan and then review it a couple times a year.
Part of that plan should be an estimate of how much you'll be able to invest, which will differ depending on whether or not you plan to use your primary residence as your first investment.
If you have less than $10,000 to start with you will be looking at either using your own home or buying a 'fixer-upper' as your first venture.
Here's a couple tips for the newbie real estate investor: Get into a secondary property with no money down by possibly using the built up equity in your exsisting home.
This is very easy to do and it's a wonder everybody in this position doesn't do it.
Follow the 10-10-10 formula: The 10-10-10 formula means you pay 10% down payment, finance the balance at a maximum of 10% interest and find a property you can get for 10% under market value.
This rule of thumb assures that you achieve at least neutral cash flow and not going into debt.
Of coarse any time you can do better than the 10-10-10 formula you increase you chance for a greater profit potential right off the bat.
You'll need to connect with a small team of expert advisers as you go, like a real estate broker, or agent, a lender like a mortgage broker and bank, real estate lawyer.
You'll find that as soon as you connect with one of these thay have associates they know and recommend.
They will be invaluable helping you learn about the market, contracts, insurance, legal rights and requirements, tax consequences, and many other aspects of real estate investing.
Stop dreaming and take some action.
You can make a healthy additional income, or even a full time living, in what is the soundest investments available.
You can make some good money and this real estate investing game can be a lot of fun as well.
Real Estate investing is one of the easiest ways to make money.
In one way, that's true.
You don't need a degree of any kind but you do need to educate yourself.
With a reasonably small investment and a fair amount of work, you can buy a propertyand sell it for a healthy profit and the long-term future always pays off in real estate.
The learning curve can be a little steep when just starting out.
Real Estate investing, no matter where you live, can seem like a complicated business.
Here are some things to consider when getting started.
You'll need to invest in some time before investing your money.
Be realistic and think about what financial goals you want to achieve and over what time frame.
But remember this...
home prices have always been rising and always will be.
Like any market though, property prices may go down, and when they do, worried, uneducated owners/investors sell, smart investors buy.
Write down a detailed business plan and then review it a couple times a year.
Part of that plan should be an estimate of how much you'll be able to invest, which will differ depending on whether or not you plan to use your primary residence as your first investment.
If you have less than $10,000 to start with you will be looking at either using your own home or buying a 'fixer-upper' as your first venture.
Here's a couple tips for the newbie real estate investor: Get into a secondary property with no money down by possibly using the built up equity in your exsisting home.
This is very easy to do and it's a wonder everybody in this position doesn't do it.
Follow the 10-10-10 formula: The 10-10-10 formula means you pay 10% down payment, finance the balance at a maximum of 10% interest and find a property you can get for 10% under market value.
This rule of thumb assures that you achieve at least neutral cash flow and not going into debt.
Of coarse any time you can do better than the 10-10-10 formula you increase you chance for a greater profit potential right off the bat.
You'll need to connect with a small team of expert advisers as you go, like a real estate broker, or agent, a lender like a mortgage broker and bank, real estate lawyer.
You'll find that as soon as you connect with one of these thay have associates they know and recommend.
They will be invaluable helping you learn about the market, contracts, insurance, legal rights and requirements, tax consequences, and many other aspects of real estate investing.
Stop dreaming and take some action.
You can make a healthy additional income, or even a full time living, in what is the soundest investments available.
You can make some good money and this real estate investing game can be a lot of fun as well.