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
There are many late night advertisements that offer real estate investing course for you. However, before you order any of these, you have to ascertain whether they have the required information that you wish to learn. Still, it does not imply that any of these courses have irrelevant information but the key thing to consider here that whether it serves your purpose or not. This is because different people have diverse types of style of working and the way of earning in real estate suits for one may not be as effective for another one.
What Interests You?
Luckily, there are so many variations that are based on the several methods of making money in real estate. You should choose a real estate investing course that can teach you the way that best suits you. For example, if you have interest in commercial property then this could be the area where you should focus. On the contrary, chances of success are less likely if you enter in the field of mobile homes where you have no interest at all.
Even after the availability of so many variations, what should you do if you feel that you are not getting the type of real estate investing course that you are looking for? Maybe this is the moment when you should think of devising your own course so that you can succeed in your objective of making money in real estate. To begin with, you should go to a good book store where you can find some books describing the different methods of building fortune in this business.
How Books Can Help You?
Glance through these books, try to understand and write down whatever appeals you. You can learn that investing in the fixer uppers earning money quickly. This is an imaginative style of investing. Nevertheless, you should be equipped with the necessary tools to manage the uncertainties and the risk factor associated with it. Unforeseen surprises and continuing decision-making is always linked with this type of real estate investing.
On the other hand, if you are good at dealing with the talents you can go for rental homes. This is a harmless to begin with when the Residual Income cash flow is there and you have performed your homework well. However, this is not as exciting as other options and you may have to wait longer for big returns. There are many other options that you can find in these books so, choose whatever kind of method suits you best.
Now, it is the time to formulate your own real estate investing course. You have three different sources for gathering facts and information about the type of investing you have chosen for you. You can categorize them as books, people and other resources. Dig up all the books that are relevant, from a bookstore, internet or a library. Then talk to the people who are experienced in the area you are venturing.
Finally, under the other resources category you can collect information from the seminars, tapes and Internet forums.
James Klobasa, once broke with no job and $20,000 in debt made a choice that changed his life forever. That choice was investing in Real Estate. With the founder of, The Little Building Co. you too, can learn at Real-Real Estate Investing
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Tags: Advertisements, Books, Decision Making, Earning Money, Fixer Uppers, Fortune, Good Book Store, Imaginative Style, Investing, Late Night, Making Money, Mobile Homes, Necessary Tools, Objective, Real Estate Investing Course, Risk Factor, Suits, Surprises, Uncertainties, Variations
Being a member of a real estate investment club definitely has its perks.
Since most people do real estate investing individually, the opportunity to interact with peers doesn?t present itself very often. When you are a member of a real estate investment club, you are given the opportunity to network with people who have been involved with real estate investing for years.
Here are some tips for how you can benefit from being a member of a real estate investment club.
Whenever you attend a real estate investment club meeting you should keep in mind that these events are usually not for profit and under funded. You may notice that many of the speakers seem to be trying to sell you something.
Remember that speakers at the real estate investment club meetings aren?t getting paid to present. So the speaker uses the opportunity to sell his or her services. These services might be in the form of a video, mentoring, or a tape set. Learn to look beyond these sales tactics to hear what the presenter is trying to teach you.
Listen to what each speaker has to say, regardless of what he is trying to sell, and try to learn something from the speech.
Make sure to have respect for the time of the veterans that you meet in your real estate investment club. Often investing newcomers think they can simply take a veteran out to lunch in exchange for some tips to use in real estate investing. As a new investor, it is important to understand that few people give away valuable knowledge for free.
This is especially true of veteran real estate investors. Unless you are bringing some deals to the table, you shouldn?t expect for a veteran to just hand over education.
You should also keep in mind that these veterans have spent years of money and time taking courses and going to seminars to learn the real estate business. It is very unlikely that they will pass along this knowledge for steak and potatoes. This doesn?t mean that you can?t ask a veteran for advice, but that you should make it worth his while to teach you the tricks of the trade.
Use the real estate investment club to network and meet other people. When you go to meetings don?t sit alone in the corner then quietly duck out minutes before the meeting has ended. Use these real estate investment club meetings to your advantage.
Let the other club members know who you are and why you are there. If the club doesn?t have name tags, bring flyers. If flyers are against the rules bring business cards.
The most important thing is to make sure the other real estate investment club members know who you are and what you can bring to the table. This let?s them know that you are serious about real estate investing and, in turn, makes them more willing to help you.
If you have some experience or can help other members they will be more likely to help you.
One of the most important things you can do to benefit from the real estate investment club is to become a member. Of course you will need to pay a fee upfront, but the fee will seem like pennies compared to the benefits you will receive from being a member of the real estate investment club. In your real estate investment endeavors you will need many resources along the way, what better way to get the help you need than from your fellow real estate investment club members.
About the Author:
Claim a free e-book that will show you a system used to control $4.1million worth of real estate for just $22 - and you can follow this system to do the same. Comes with resale rights from: Free Real Estate Fortunes Ebook
Tags: Club Meeting, Club Meetings, Education, Estate Business, Fortune, Investing, Mentoring, New Investor, Newcomers, Opportunity, Peers, People, Real Estate Investment, Real Estate Investment Club, Real Estate Investors, Sales Tactics, Seminars, Speakers, Steak And Potatoes, Veteran Real Estate
When you look around, it’s amazing how many people are putting some of their extra cash into a real estate investment. Is it just that as the baby boomers get older, more of them are panicking about having enough money for retirement? Or is it just that all the reality shows on television about remodeling rooms and homes has given people the urge to remodel something?
Either way, there’s no doubt that plenty of people make good money from real estate, and so can you. But although you may have heard some of the stories about Joe Bloggs who bought a house without having a clue what he was doing, only to sell it and make a fortune down the road, chances are that won’t happen to you. As more people get into real estate investing, the harder it’s going to be to make money just through pure luck. You need to know what you’re doing to get the best results.
That’s where a real estate investing seminar can be useful. I’m sure you’ve heard the concept of modeling yourself on someone successful if you want to be successful too, and real estate investing is the same. If you can find someone who’s made a lot of money investing in real estate, learn their methods and then copy them, chances are you’ll be very successful too. Unfortunately, most people making lots of money from real estate aren’t interested in sharing their strategies with anyone. If you can find someone and get them to be your personal mentor, great.
But if you can’t find a personal mentor, then look around and find a real estate investing seminar run by someone who’s made a success of real estate investing. There are plenty of companies that run real estate investing seminars, usually because they’re trying to flog their latest development, and it’s probably a good idea to steer clear of those. Ask around, particularly if you have friends or family who invest in real estate, to see if they can recommend a seminar they’ve been to.
Do some searching on the Internet, and you’ll soon come across a number of real estate investing seminars. You can also search based on a presenter’s name, to see what other people have to say about the presenter’s background and the success of his or her techniques. Most importantly, leave your credit cards at home, so that if the seminar is mostly about selling you lots of expensive resources, you can go home and sleep on it before blowing a stack of money. After all, you want to use most of your money for investing in real estate.
Tags: Baby Boomers, Clue, Enough Money, Extra Cash, Fortune, How Many People, Invest, Investing In Real Estate, Joe Bloggs, Lots Of Money, Making Lots Of Money, Money Investing, No Doubt, Personal Mentor, Real Estate Investing, Real Estate Investment, Retirement, Searc, Seminars, Urge
When you are first starting out investing in houses, you should always look for ugly or bad houses that need to be upgraded. These homes are much cheaper to purchase, although they will take some work to improve. You should start out by looking for houses that need some work, such as clean up, painting, and in some cases new carpet. You don?t want to buy something too run down, as it could cost a fortune to repair.
If you think of yourself as a handyman and feel that you can do the repairs yourself, you can save a lot of money. On the other hand, if you need to hire someone, you should always make sure that the individual or company that you hire is qualified to do the repairs. If you aren?t comfortable with doing any of the repairs, you should inquire about a subcontractor or company that will do it for a reasonable price, or perhaps a share of the money once you have resold the house.
If the house you are thinking to purchase and resell has any type of structural problems, you should always get an estimate from a reliable contractor before you make the purchase. If you decide to stay in the business, you?ll learn a lot more over the years, although you should always hire a contractor when you first start out. Once you get all of the estimates together, you can make that final decision on how much of an offer you want to put down on the property.
After you have a team together and successfully renovated and resold several homes, you?ll begin to feel quite a bit more confident with buying homes that need repairs. All it takes is time and practice - and you?ll be buying homes that the average investor wouldn?t think twice about. This can be a huge advantage when you are looking for homes to buy and resell, as there will be less competition to worry about. You?ll also be able to get a lower price when buying the home, simply because you can use the cost of the repairs to your advantage.
Once you are able to do repairs on homes, including structural problems, you?ll have a huge advantage in the market. You?ll be able to buy virtually any home, including those that other investors choose to ignore. Doing so can be very profitable for you, especially if the house is in a well known and well desired neighborhood. After you have done the repairs, you can resell the home for a much higher price than you paid to acquire the home.
When you start looking for houses that you can repair and resale, you should always take your time and buy the right homes. You won?t have the money, time, experience, or support to buy the bigger houses at first, which means you won?t have any room for mistakes. Once you have purchased and resold a few smaller homes, you?ll eventually be able to work your way up to the bigger homes - which is where the big profits will come into play.
Always keep in mind that when you first start out, you?ll need to take things slow. You can expect profits to come overnight, as it will take you some time to learn. Once you have been at it a few years and have several houses to your credit, you?ll be ready to tackle anything. At that point - you?ll make a lot of money in a career that is truly exciting.
About the Author:
Mark Estates is an independent writer for several leading real estate investing web sites.
Tags: Bad Houses, Estimates, Final Decision, Fortune, Handyman, Investing Information, Investor, Money, New Carpet, Painting, Real Estate, Subcontractor
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/
In the 1980s, if you were going to go on a diet, magazines would tell you to ?think thin.? They never actually explained what that meant, but everyone knew they were supposed to do it. Adopt the psychology of the thin person, whatever that was. It follows that, in order to become rich, you should be able to accomplish that by adopting the psychology of the rich, right? Actually, it does. Specifically, you should adopt the mindset of the successful real estate investor.
Successful real estate investors are opportunists. They always have their antennae up and ready. They put themselves in the way of information. They ?live the life? of the real estate investor, so to speak. And because of all this, they notice things.
Ken McElroy, author of ?The ABCs of Real Estate Investing,? which is part of the Rich Dad series, says it’s all about patterns. If you look at enough properties, study enough areas, talk to enough people, he said, you will start to see these patterns. Then things will start to happen. You may start to seem lucky. And, McElroy says, it may be luck, but it is a sort of luck, that comes from being prepared.
Remember: ?Fortune favors the prepared mind.? Opportunity is all around us, but if we are blind to it, it will be as though it doesn’t exist. The prepared mind recognizes opportunity.
McElroy emphasizes over and over again that being successful in real estate is a process. It isn’t just something that happens one day, as in one day we’re suddenly successful. It is something that you do every day. Eventually things begin to happen for you.
Someone who is successful focuses on doing a little at a time, on learning this or that thing, or making this particular deal. It’s a ?walk before you can crawl? proposition.
For instance, McElroy says, if you have found a good deal, you can get funding for it because other people will want a piece of the action. It isn’t about negotiation skills necessarily, he said. Of course, those skills can get you an even better deal at times, but you shouldn’t fret over whether you are good at the negotiation table. Just look for good deals.
Although they are always evaluating risk, always aware of it, successful investors are not frightened away by it. They determine whether the risk seems reasonable. If the numbers add up, McElroy says, then it is a good deal. If it is a good deal, the savvy investor goes for it.
Simple.
People who don’t know how to properly evaluate risk may think everything is too risky. They assume, for instance, that a larger deal may be too risky for a beginner to deal with. They assume that because they think the investor is sinking a lot of personal cash into it when, in truth, a larger deal stands to make a larger sum for the participants. Therefore you may be able to get more backers for a deal like that. In the end, you may put up less personal money than you would have on a smaller deal.
Real estate investment is just like anything else you want to learn how to do. Well, for one thing, you have to learn how to do it. And you learn by doing. Get out there and look at properties. Visit cities as though you were intending to buy. Go online and read about areas. See what other people have to say about the real estate in a particular area. Get to know people. Before long, you will know enough to begin thinking about actually making a move. You don’t have to have a wad of cash in hand before you start playing the game. Just get out there and enjoy yourself. The rest will come.
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
