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.
One of the most popular late night infomercial shows tells beginners that it’s possible to make a fortune by buying houses with no money down and then renting them out to cover the monthly payments. It’s true that you can buy a home for no money down, but the requirements include having good credit, good income, and the home should be owner-occupied.
Rentals don’t normally qualify for no money down financing. Institutional lenders aren’t supposed to make no money down loans on investment properties, and even if you could buy an investment home with no money down, the monthly payments would generally eat up the rent.
Late-night scammers also claim that investors can get owners to pay the closing costs, including the down payment. But when a lender asks where your down payment will be coming from, saying, “the seller” is not the right answer! Today’s sellers are also fairly savvy, and understand that with no money invested in a property, a buyer could easily walk away and leave them with a home that’s been ruined by careless tenants.
Another TV program offers a bogus system for buying houses at ridiculous prices, but think about it: has anyone bought a home, free and clear, for $345.00 at a tax sale recently? Hordes of investors flock to the tax sales in the area where I live, bidding up the prices of foreclosure properties far beyond a few cents on the dollar. It just doesn’t happen.
Today, another real estate investment scam is popular in Southern California. Here?s how it works: a young person we’ll call Charles charged $4,000 on his credit card to hire a real estate “mentor,” after the mentor wined and dined him at a fancy Beverly Hills restaurant.
In exchange for the fee, the mentor instructed Charles to find distressed houses by driving around the area and writing down the addresses of ugly houses in nice neighborhoods. Once Charles had given him the addresses, the mentor obtained the owner’s address and sometimes a phone number. Then it was up to Charles to call the owners and talk them into selling their houses for no money down, and carrying the paper, too!
I met Charles when he called me about buying a property that my husband and I had on the market for $1.2 million. When I asked him how such a young man was going to make the payments on $1.2 million home, he told me that he planned to rent the house out for enough to make the payments.
As a real estate investor myself, I tried not to laugh at his naivete, and after talking to Charles and listening to his frustration about trying so hard to follow his mentor’s advice, I offered to help him find a property, and I’m happy to say that Charles now owns his own home. But he’ll still have to spend years paying off a $4,000 credit card bill.
If you want to make money as a real estate investor, a good first step is to buy your own home, like Charles did. You can do that for no money down if you have good credit, or for a relatively little amount of money down if your credit is poor. Once you’ve purchased your own home, fix it up and then either sell it or refinance it and use your profits as the down payment on an investment property.
Don’t pay hundreds of dollars for out-dated methods that may have worked in the middle of last century! They’re a waste of your time and money. Real estate investing is truly a great way to make a fortune, but you must stick to tried-and-true proven strategies, ones that work in today?s real estate market.
Copyright ? 2006 Jeanette J. Fisher
About the Author: Jeanette Fisher offers FREE How to Start Real Estate Investing Teleseminar, free ebook, The Truth about Making Money Flipping Houses http://doghousetodollhousefordollars.com/
Tags: Buying Houses, Closing Costs, Foreclosure Properties, Fortune, Hordes, Institutional Lenders, Investment Properties, Investment Scam, Investors Flock, Late Night, Loans, Money, Owner Financing, Profitable Investing, Real Estate Investment, Renting, Ridiculous Prices, Scammers, Scams, Tv Program
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.
One of the most popular late night infomercial shows tells beginners that it’s possible to make a fortune by buying houses with no money down and then renting them out to cover the monthly payments. It’s true that you can buy a home for no money down, but the requirements include having good credit, good income, and the home should be owner-occupied.
Rentals don’t normally qualify for no money down financing. Institutional lenders aren’t supposed to make no money down loans on investment properties, and even if you could buy an investment home with no money down, the monthly payments would generally eat up the rent.
Late-night scammers also claim that investors can get owners to pay the closing costs, including the down payment. But when a lender asks where your down payment will be coming from, saying, “the seller” is not the right answer! Today’s sellers are also fairly savvy, and understand that with no money invested in a property, a buyer could easily walk away and leave them with a home that’s been ruined by careless tenants.
Another TV program offers a bogus system for buying houses at ridiculous prices, but think about it: has anyone bought a home, free and clear, for $345.00 at a tax sale recently? Hordes of investors flock to the tax sales in the area where I live, bidding up the prices of foreclosure properties far beyond a few cents on the dollar. It just doesn’t happen.
Today, another real estate investment scam is popular in Southern California. Here?s how it works: a young person we’ll call Charles charged $4,000 on his credit card to hire a real estate “mentor,” after the mentor wined and dined him at a fancy Beverly Hills restaurant.
In exchange for the fee, the mentor instructed Charles to find distressed houses by driving around the area and writing down the addresses of ugly houses in nice neighborhoods. Once Charles had given him the addresses, the mentor obtained the owner’s address and sometimes a phone number. Then it was up to Charles to call the owners and talk them into selling their houses for no money down, and carrying the paper, too!
I met Charles when he called me about buying a property that my husband and I had on the market for $1.2 million. When I asked him how such a young man was going to make the payments on $1.2 million home, he told me that he planned to rent the house out for enough to make the payments.
As a real estate investor myself, I tried not to laugh at his naivete, and after talking to Charles and listening to his frustration about trying so hard to follow his mentor’s advice, I offered to help him find a property, and I’m happy to say that Charles now owns his own home. But he’ll still have to spend years paying off a $4,000 credit card bill.
If you want to make money as a real estate investor, a good first step is to buy your own home, like Charles did. You can do that for no money down if you have good credit, or for a relatively little amount of money down if your credit is poor. Once you’ve purchased your own home, fix it up and then either sell it or refinance it and use your profits as the down payment on an investment property.
Don’t pay hundreds of dollars for out-dated methods that may have worked in the middle of last century! They’re a waste of your time and money. Real estate investing is truly a great way to make a fortune, but you must stick to tried-and-true proven strategies, ones that work in today?s real estate market.
Copyright ? 2006 Jeanette J. Fisher
About the Author: Jeanette Fisher offers FREE How to Start Real Estate Investing Teleseminar, free ebook, The Truth about Making Money Flipping Houses http://doghousetodollhousefordollars.com/
Tags: Buying Houses, Closing Costs, Foreclosure Properties, Fortune, Hordes, Institutional Lenders, Investment Properties, Investment Scam, Investors Flock, Late Night, Loans, Money, Owner Financing, Profitable Investing, Real Estate Investment, Renting, Ridiculous Prices, Scammers, Scams, Tv Program
Copyright 2005 Alex Nghiem
Did you know that real estate investing has created more millionaires that ALL other industries combined? The question, then, is why are more people not invested in real estate? Even with the increased awareness in real estate investing, more people are still familiar with other forms of investing such as stocks and mutual funds.
In this article, I will discuss 7 myths that about real estate investing that are costing you tens of thousands (maybe hundreds of thousands of dollars). These myths persist because most people invest in real estate using conventional financing, which often requires 5% or more as a down payment. Assuming that $150,000 is average price of a house in your area (in most cities, it’s significantly more than that), you would need $7,500 as a down payment (and this doesn’t even include other fees such closing costs). The purpose of this article is to share techniques of creative real estate investing that debunk these common myths about real estate investing.
1. Myth #1: To create wealth, you have to invest stocks and mutual funds.
Fact: Real estate investing has created more millionaires that ALL other industries combined incluing Internet marketing, stock investing and mutual fund investing. In fact, according to the CEO of FNMA, in the hottest bull market in history, more people ended up creating wealth through home ownership than through stock ownership.
2. Myth #2: Real estate investing requires a lot of money.
Fact: Once you learn how to buy undervalued properties, you can find all types of people who will lend you their cash. You can find these people at your local real estate investor association or by contacting us. Additionally, you can use an option (typically $10 to $100 for the option fee) to control the property and not even need to raise any capital.
3. Myth #3: Real estate investing requires good credit.
Fact: This is related to Myth #1. Again, once you learn how to find undervalued properties, you can find all types of people who will lend you their credit, especially if the property has significant equity. Additionally, you can also use an option to control the property and this technique doesn’t require that you have good credit.
4. Myth #4: Real estate investing requires you to do major rehabs in dangerous neighborhoods.
Fact: While you can indeed make good money doing rehabbing, you can make even more money working with “pretty houses”, houses in suburban areas that need little renovation. In actuality, you can make $20,000 or more per $100,000 of property (thus, in a high priced market such as Florida, the average profit would be $40,000 or more per property).
5. Myth #4: Real estate investing requires dealing with tenants, repairs or house payments.
Fact: Again, while you can do that, you can also make money in real estate investing without ever having to deal with tenants, repairs or house payments through the use of options. One of our clients recently made $9,800 in 4 days on his last option deal.
6. Myth #5: You can only make money in hot markets.
Fact: You may believe that you can only make money by investing in hot markets such as Las Vegas and Florida. The reality is that once you learn how to buy undervalued properties, you can make money regardless of what the local or national market is doing.
7. Myth #6: You have to take huge risks when investing in real estate investing.
Fact: You actualy have more control when buying real estate than when you buy stocks and bonds. You can determine the value of the house by using the multiple listing service (MLS) and commercial databases and as long you can the properties under value, you have a significant safety margin.
These myths about real estate investing are probably preventing you from real estate investing and therefore costing you tens of thousands of dollars. By using options and other forms of creative real estate investing, you can overcome these myths and make money in real estate investing without dealing with tenants, repairs and holding costs or needing a lot of cash or good credit.
About the author:
To get a free real estate course on how you can make $10^000 in 90 days…without dealing with tenants, repairs and holding costs, visit http://www.wealthautopilot.com/course
Tags: Alex Nghiem, Closing Costs, Common Myths, Creating Wealth, Creative Real Estate, Fnma, Home Ownership, Hundreds Of Thousands, Local Real Estate, Millionaires, Mutual Fund, Mutual Funds, Myth 2, Myth 3, Option Fee, Real Estate Investing, Real Estate Investor, Stock Investing, Stock Ownership, Thousands Of Dollars
Using leverage to buy real estate is the fastest way to build your portfolio. As Conrad Hilton’s mother once said, “If you want to launch big ships, you have to go where the water is deep.”There are 4 main benefits of building a Real Estate Portfolio.
The first is Cash Flow. In many of today’s transactions creating cash flow can be obtained by strong negotiating. It is currently becoming a buyer’s market and you will need an agent that will be dedicated to helping you obtain the property at the best price. Interest rates are still low and minimal closing costs can be obtained from the many lenders pushing their product lines.
The second benefit of building your real estate portfolio is Inflation. As you make improvements to your buildings, in today’s dollars, you will beat inflation. You will compound your money as you make improvements that last over years. The decrease in long-term expenses will help you make a larger profit in the long-run. Think long-term with real estate.
Tax breaks are the third benefit. Investing in real estate has always been heralded by Americans and you will be rewarded for it. There are numerous tax shelters that can be used. You will be able to take advantage of the many tax breaks with concerns such as capital gains, deductions, and everyone’s favorite - DEPRECIATION.
Lastly, we can’t forget Equity Build-up. Buying real estate is an investment that can have high reward over time. Obtaining financing and paying your mortgage on time every month is like an automatic investment program. You are paying down the principle every month while the market is going up over the long-term. It is a win-win scenario.Many of the overnight get rich quick schemes are a scam when it comes to real estate. You will do well by aligning yourself with a great team - Mortgage Officer, Real Estate Broker, Inspector, Attorney and Accountant - that will look out for your needs. If you buy a building at the best price (have your Real Estate agent create a Comparative Market Analysis for you) and are willing to put some sweat equity into it, you will create wealth for yourself over time.
Rob Rosa is the President of World Properties International - Rubicon Crossings. His organization is an emerging leader in real estate, mortgage, and property management services. Their mission is to help investors take the next step to financial freedom by providing education and resources concerning real estate financing and investing.
Buying real estate can be a rewarding experience with the right people on your side. We offer the FULL SERVICE experience investors need today to make their dreams a reality - from offering mortgage products in all 50 states and Puerto Rico to providing excellent real estate representation in CT.
Call Rob Rosa today at 860-558-2122 or email him at robrosa@sbcglobal.net (or rubiconcrossings@yahoo.com) to discuss your dreams, needs and wants for real estate and mortgages. Visit his team’s website at http://www.InvestwithRobRosa.com to learn more, view listings, and get FREE reports!
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Tags: Accountant, Capital Gains, Cash Flow, Closing Costs, Conrad Hilton, Depreciation, Inflation, Interest Rates, Investing In Real Estate, Investment Program, Lenders, Leverage, Mortgage Officer, Profit In The Long Run, Real Estate Broker, Real Estate Investing, Real Estate Tax, S Market, Tax Breaks, Tax Shelters
Your first real estate decision is a no brainer! Truth is, you’ll live for free by buying instead of renting. Just the facts please. OK, here’s the facts and figures:
If you buy a home and live in it for 5 years you will have lived for free. Your mortgage payments, related closing costs, insurance and property taxes will be returned to you through tax savings and profits after you sell the property. Here’s how it works: (to make it easy we’ll use a $100,000 property even though this figure might seem very low for a home where you live, there are still many places where this is a realistic figure)
Price $100,000
Down Payment - 5,000
Mortgage $95,000
Interest Rate x 10%
1st Year Interest $9.500
Property Tax +1,000
1st Year Expenses $10,500
Income Tax Bracket x 33%
1st Year Tax Savings $3,465
Appreciation @6% + $6,000
Tax Savings and Appreciation $9,465
Your Interest for the first year was $9,500 and your property tax bill was $1,000, which together total $10,500, but your investment return from tax savings and appreciation was $9,465. If instead you were paying $600 a month for rent you would lose $7,200 a year or $36,000 in 5 years because renters don’t get any tax deductions nor can they take advantage on any of the property appreciation. These benefits go to the owner.
You as owner would have paid $760 a month for a total of $45,000 in mortgage payments during those 5 years. Add to that another $5,000 for property tax and your total would be $50,600 or $10,120 a year. These numbers are higher than the renter paid… but wait!
As the owner you would have saved an additional $3,465 a year in tax savings from tax deductible interest and property taxes. Also, your appreciation on the property is a conservative $6,000 (@6%) many cities have higher appreciation rates.
So you spent $10,120 a year and got back $9,465 in cash and equity. Realistically you only spent $655 a year or $3,275 to live in a place for 5 years.
But don’t forget, part of your mortgage payment went toward paying off about $4,000 of your principle of that 5 year period, which is more than the $3,275 you spent out of your pocket.
Would you rather be the owner of that home or the renter?
Get free tips and information on beginning real estate investing and how to build your wealth the way most millionaires have through investment techniques such as flipping and foreclosures at Real-Estate-Wealth-Builder.info
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Tags: Appreciation Rates, Brainer, Closing Costs, Deductible Interest, First Real Estate, Income Tax Bracket, Insurance, Interest Rate, Investing, Investment Return, Mortgage Payments, Profits, Property Appreciation, Property Tax Bill, Property Taxes, Realistic Figure, Rent, Renter, Tax Deductions, Truth
Copyright 2005 Alex Nghiem
Did you know that real estate investing has created more millionaires that ALL other industries combined? The question, then, is why are more people not invested in real estate? Even with the increased awareness in real estate investing, more people are still familiar with other forms of investing such as stocks and mutual funds.
In this article, I will discuss 7 myths that about real estate investing that are costing you tens of thousands (maybe hundreds of thousands of dollars). These myths persist because most people invest in real estate using conventional financing, which often requires 5% or more as a down payment. Assuming that $150,000 is average price of a house in your area (in most cities, it’s significantly more than that), you would need $7,500 as a down payment (and this doesn’t even include other fees such closing costs). The purpose of this article is to share techniques of creative real estate investing that debunk these common myths about real estate investing.
1. Myth #1: To create wealth, you have to invest stocks and mutual funds.
Fact: Real estate investing has created more millionaires that ALL other industries combined incluing Internet marketing, stock investing and mutual fund investing. In fact, according to the CEO of FNMA, in the hottest bull market in history, more people ended up creating wealth through home ownership than through stock ownership.
2. Myth #2: Real estate investing requires a lot of money.
Fact: Once you learn how to buy undervalued properties, you can find all types of people who will lend you their cash. You can find these people at your local real estate investor association or by contacting us. Additionally, you can use an option (typically $10 to $100 for the option fee) to control the property and not even need to raise any capital.
3. Myth #3: Real estate investing requires good credit.
Fact: This is related to Myth #1. Again, once you learn how to find undervalued properties, you can find all types of people who will lend you their credit, especially if the property has significant equity. Additionally, you can also use an option to control the property and this technique doesn’t require that you have good credit.
4. Myth #4: Real estate investing requires you to do major rehabs in dangerous neighborhoods.
Fact: While you can indeed make good money doing rehabbing, you can make even more money working with “pretty houses”, houses in suburban areas that need little renovation. In actuality, you can make $20,000 or more per $100,000 of property (thus, in a high priced market such as Florida, the average profit would be $40,000 or more per property).
5. Myth #4: Real estate investing requires dealing with tenants, repairs or house payments.
Fact: Again, while you can do that, you can also make money in real estate investing without ever having to deal with tenants, repairs or house payments through the use of options. One of our clients recently made $9,800 in 4 days on his last option deal.
6. Myth #5: You can only make money in hot markets.
Fact: You may believe that you can only make money by investing in hot markets such as Las Vegas and Florida. The reality is that once you learn how to buy undervalued properties, you can make money regardless of what the local or national market is doing.
7. Myth #6: You have to take huge risks when investing in real estate investing.
Fact: You actualy have more control when buying real estate than when you buy stocks and bonds. You can determine the value of the house by using the multiple listing service (MLS) and commercial databases and as long you can the properties under value, you have a significant safety margin.
These myths about real estate investing are probably preventing you from real estate investing and therefore costing you tens of thousands of dollars. By using options and other forms of creative real estate investing, you can overcome these myths and make money in real estate investing without dealing with tenants, repairs and holding costs or needing a lot of cash or good credit.
About the author:
To get a free real estate course on how you can make $10^000 in 90 days…without dealing with tenants, repairs and holding costs, visit http://www.wealthautopilot.com/course
Tags: Alex Nghiem, Closing Costs, Common Myths, Creating Wealth, Creative Real Estate, Fnma, Home Ownership, Hundreds Of Thousands, Local Real Estate, Millionaires, Mutual Fund, Mutual Funds, Myth 2, Myth 3, Option Fee, Real Estate Investing, Real Estate Investor, Stock Investing, Stock Ownership, Thousands Of Dollars
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.
One of the most popular late night infomercial shows tells beginners that it’s possible to make a fortune by buying houses with no money down and then renting them out to cover the monthly payments. It’s true that you can buy a home for no money down, but the requirements include having good credit, good income, and the home should be owner-occupied.
Rentals don’t normally qualify for no money down financing. Institutional lenders aren’t supposed to make no money down loans on investment properties, and even if you could buy an investment home with no money down, the monthly payments would generally eat up the rent.
Late-night scammers also claim that investors can get owners to pay the closing costs, including the down payment. But when a lender asks where your down payment will be coming from, saying, “the seller” is not the right answer! Today’s sellers are also fairly savvy, and understand that with no money invested in a property, a buyer could easily walk away and leave them with a home that’s been ruined by careless tenants.
Another TV program offers a bogus system for buying houses at ridiculous prices, but think about it: has anyone bought a home, free and clear, for $345.00 at a tax sale recently? Hordes of investors flock to the tax sales in the area where I live, bidding up the prices of foreclosure properties far beyond a few cents on the dollar. It just doesn’t happen.
Today, another real estate investment scam is popular in Southern California. Here?s how it works: a young person we’ll call Charles charged $4,000 on his credit card to hire a real estate “mentor,” after the mentor wined and dined him at a fancy Beverly Hills restaurant.
In exchange for the fee, the mentor instructed Charles to find distressed houses by driving around the area and writing down the addresses of ugly houses in nice neighborhoods. Once Charles had given him the addresses, the mentor obtained the owner’s address and sometimes a phone number. Then it was up to Charles to call the owners and talk them into selling their houses for no money down, and carrying the paper, too!
I met Charles when he called me about buying a property that my husband and I had on the market for $1.2 million. When I asked him how such a young man was going to make the payments on $1.2 million home, he told me that he planned to rent the house out for enough to make the payments.
As a real estate investor myself, I tried not to laugh at his naivete, and after talking to Charles and listening to his frustration about trying so hard to follow his mentor’s advice, I offered to help him find a property, and I’m happy to say that Charles now owns his own home. But he’ll still have to spend years paying off a $4,000 credit card bill.
If you want to make money as a real estate investor, a good first step is to buy your own home, like Charles did. You can do that for no money down if you have good credit, or for a relatively little amount of money down if your credit is poor. Once you’ve purchased your own home, fix it up and then either sell it or refinance it and use your profits as the down payment on an investment property.
Don’t pay hundreds of dollars for out-dated methods that may have worked in the middle of last century! They’re a waste of your time and money. Real estate investing is truly a great way to make a fortune, but you must stick to tried-and-true proven strategies, ones that work in today?s real estate market.
Copyright ? 2006 Jeanette J. Fisher
About the Author: Jeanette Fisher offers FREE How to Start Real Estate Investing Teleseminar, free ebook, The Truth about Making Money Flipping Houses http://doghousetodollhousefordollars.com/
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.
One of the most popular late night infomercial shows tells beginners that it’s possible to make a fortune by buying houses with no money down and then renting them out to cover the monthly payments. It’s true that you can buy a home for no money down, but the requirements include having good credit, good income, and the home should be owner-occupied.
Rentals don’t normally qualify for no money down financing. Institutional lenders aren’t supposed to make no money down loans on investment properties, and even if you could buy an investment home with no money down, the monthly payments would generally eat up the rent.
Late-night scammers also claim that investors can get owners to pay the closing costs, including the down payment. But when a lender asks where your down payment will be coming from, saying, “the seller” is not the right answer! Today’s sellers are also fairly savvy, and understand that with no money invested in a property, a buyer could easily walk away and leave them with a home that’s been ruined by careless tenants.
Another TV program offers a bogus system for buying houses at ridiculous prices, but think about it: has anyone bought a home, free and clear, for $345.00 at a tax sale recently? Hordes of investors flock to the tax sales in the area where I live, bidding up the prices of foreclosure properties far beyond a few cents on the dollar. It just doesn’t happen.
Today, another real estate investment scam is popular in Southern California. Here?s how it works: a young person we’ll call Charles charged $4,000 on his credit card to hire a real estate “mentor,” after the mentor wined and dined him at a fancy Beverly Hills restaurant.
In exchange for the fee, the mentor instructed Charles to find distressed houses by driving around the area and writing down the addresses of ugly houses in nice neighborhoods. Once Charles had given him the addresses, the mentor obtained the owner’s address and sometimes a phone number. Then it was up to Charles to call the owners and talk them into selling their houses for no money down, and carrying the paper, too!
I met Charles when he called me about buying a property that my husband and I had on the market for $1.2 million. When I asked him how such a young man was going to make the payments on $1.2 million home, he told me that he planned to rent the house out for enough to make the payments.
As a real estate investor myself, I tried not to laugh at his naivete, and after talking to Charles and listening to his frustration about trying so hard to follow his mentor’s advice, I offered to help him find a property, and I’m happy to say that Charles now owns his own home. But he’ll still have to spend years paying off a $4,000 credit card bill.
If you want to make money as a real estate investor, a good first step is to buy your own home, like Charles did. You can do that for no money down if you have good credit, or for a relatively little amount of money down if your credit is poor. Once you’ve purchased your own home, fix it up and then either sell it or refinance it and use your profits as the down payment on an investment property.
Don’t pay hundreds of dollars for out-dated methods that may have worked in the middle of last century! They’re a waste of your time and money. Real estate investing is truly a great way to make a fortune, but you must stick to tried-and-true proven strategies, ones that work in today?s real estate market.
Copyright ? 2006 Jeanette J. Fisher
