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7 Simple Steps To Real Estate Investing
Whether you are BRAND NEW to real estate investing or an expert in the game, it’s critical that you understand these 7 Simple Steps to real estate investing.
First things first…
• Real Estate is NOT a get rich quick scheme. However, if you...
Advantages Of A Furnished Apartment
The first issue for you to consider whenever you want to rent an apartment is whether you need it for a long period of time or a short one. This is very important because if you are intending to spend more years in an apartment you may consider to...
Four Ways To Profit From Mobile Home Parks
The most important thing we can do to improve our income, net worth and our lifestyle--is to do things today that will result in additional income in the future. Indeed, fortunes are being made by those who recognize needs when they exist--and then...
House Sitting, Of Great Advantage To Both The House Owner And The Sitter
Housesitting can be a great solution for both a homeowner, particuarly one with pets, and for those who wish to visit, either other areas of their own country or foriegn climes, but are on a limited budget.
The home owner in question provides the...
Remove The Clutter And Sell Your House Faster
Selling your home can be a disruptive time for you and your family. Keeping the house clean and picked up can be a challenge especially if you have young children. Vacating your house on nights and weekends for showing can be trying as well. If you...
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The Truth About Real Estate Investing… Is It Right For You?
You have probably been hearing, seeing and reading that real estate investing is the best thing since sliced bread. There are many late night cable television infomercials spewing out sales pitches for courses that teach you how to buy residential real estate no money down or for next to nothing. Furthermore, polished pitch men on the advertisement emphasize that it is so easy that anybody can do it. They smugly show you that it is simple as they pencil out on the back of a napkin how you will supposedly make a fortune in real estate. Then these real estate investment course promoters show “actual” interviews of people who have reportedly made gobs of money with the course system.
Although it is true that fortunes can be made in real estate it is actually more likely that it will be the guru owner of the real estate course than you! The reason is that real estate investing is a lot harder than most people realize. When you buy, rent, and sell real estate as opposed to stocks you are dealing directly with people and there is not organized exchange to keep things standardized. Don’t forget that courts see it as their duty to protect the shelter of families even if they are non paying renters who are total deadbeats. Another problem is that many contractors who do odd fix up jobs for real estate rehabbers are drifters with as many personal and financial problems as bad tenants. They damage houses and are down the street as soon as they get a little cash out of the hapless real estate investor.
It also takes many years to learn
how to properly assess value in a town or neighborhood and get the required experience in real estate closings to not have the big profits you initially think you see in a deal leak out. The key point of this edition of the “Wallet Doctor” is that real estate investing is a business. Like any other business it requires constant dedication and education. If you work full time it means losing your free time to your rentals and rehabs. If a property doesn’t sell or if the tenant doesn’t pay you will have to lose part of your salary to cover the mortgage. You should enjoy your regular full time job because you selected it. If you prefer cookouts and trips to the beach over collecting rent and repairing your residential real estate investment then the stock market is a better place for you.
Ps. If you are interested in real estate investing I have a list of reliable real estate investing courses as well on my website!
About the Author: Dr. Scott Brown, Ph.D., the Wallet Doctor, is a successful investor. Dr. Brown holds a Ph.D. in finance. The Wallet Doctor is sought after for investment advice and coaching. For more information visit Dr. Brown’s site at http://www.BonanzaBase.com or sign up for his investment tips at http://www.WalletDoctor.com
Source: www.isnare.com
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