I think Real Estate investing is one of the best investments people can make. There are many types of investments, all have their ups and downs; both in terms of price and other issues tied to investments. Real Estate is an actual commodity, it will not disappear; and they are not making anymore of it. (Well technically they are making these great islands in the Middle East . . .)
Right now I think Real Estate is a particularly good investment. Right Now you can buy homes very economically, at a good interest rate and see immediate returns on your investment in excess of 10%, plus obtain long term appreciation in your property value. Many people think interest rates will soon climb and we will have massive inflation in this country. Locking in Real Estate now at a relatively low interest rate will help you to make short term and long term profits.
Frequently I get contacted by buyers or individuals who want to get involved in Real Estate Investing that have paid for material advertised on infomercials and/or late night televisions. In general this information is not accurate and/or not as easy to implement as people think. The real money in these investment courses is selling the investment courses. Some of the “success stories” or examples are a little hard to believe and as a person involved in real estate sometimes I can see the “other side of the story” not in the ad.
I am sure that sometime, somewhere, someone does come across one of these great investments, getting the owner to carry back 100% of the financing; bailing out a person and buying a home for much less than actual market; some other troubled sale well below the real market; picking a property up for pennies on the dollar at a tax sale, and more I have not mentioned here. These kinds of deals are hard to come by, especially with little or no cash, and even harder to come by in a depressed real estate market. Yes they can be done. Usually they work best for experienced investors with cash, and lots of it.
If you have taken a Real Estate investment course like those mentioned above I think you have some really good qualities that you need to put to work for you:
- You have a desire to get a head.
- You understand the value of hard work and are willing to work for that reward.
- Many Realtors enjoy the hunt and the process; they live for the big commission check instead of the safe pay check. It is not just the money; it is the thrill of success. Many of these people are very smart, but could not make it in a traditional highly controlled business environment. Many of you investors also appreciate the thrill of the hunt, and these get rich quick scammers play on that. There are ways to get the thrill and really make money.
- You are smart and have a basic understanding of real estate and the importance of building the real estate portfolio.
I will go into the types of investments mentioned above as I go through this investment material. However, the information here is for serious people wanting to start in investing in real estate or building an extensive real estate portfolio. I believe in old fashioned American Values, you earn money by working hard and making wise decisions. I also believe that those that work smart and make wise decisions will get a bigger return on their investments.
This information is not for people looking to get rich quick with schemes that are little better than buying lottery tickets. Yes some people do succeed that way, just as some people win big with the lottery. I will provide you with strategies for starting with little or nothing down, but remember the more assets you have to start with the easier it is to get going.
Stay tuned for Part II. If you cannot wait, contact me and we can go over your situation now. Subscribe to this blog in order to get updates as they are posted. You may get Free Investor Tools at my web site.
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