WHat is the best way to get into being a real estate investor? - young real estate investors
I am young and desperate to enter the business of real estate. My dream is to rent, buy properties and lease / or buy and sell some work. I know I need the money in savings and a dream, what to do, but I'm willing to do anything. Is it better to use a broker? In this way I can learn the ropes and earn money to save. If that is the choice, how? Classes of property? In search of answers on this subject is very general and relate to real estate and a realtor. Thank you!
Thursday, January 7, 2010
Young Real Estate Investors WHat Is The Best Way To Get Into Being A Real Estate Investor?
Subscribe to:
Post Comments (Atom)
2 comments:
I'm not saying investors, but I have a little money to turn houses in my spare time. I think, is his first obstacle in order to earn enough money to buy a house. Then from there everything is pretty easy. At least for me anyway. I have no formal education about the law. Everything is really quite simple - --
Purchase of the ugliest and least get in good neighborhoods.
Fix It Up - Cosmetic fixers are a good start.
Turn around and sell for much more than they paid for. Do not use a broker - selling a house is not difficult. Everything you find a broker, only a buyer, and you can do it easily. Title insurance and escrow service is basically for all the hard and technical responsibility "things.
Viola! You just made a bundle. Turn around and use the money to buy a new house. Lather, rinse, repeat.
I am not a realator, but invested heavily in the property market. I do exactly what you want to rent property and to others. (this year not spent, but in preparation!)
I Always use a broker, so that much of my profits for themselves and the agreements that I is in the buying and selling important for me to sell on the first $ too. I am sure that at least 50K short years without him.
The great advantage of being a realtor and an investor is that you can ask your committee (3%) on the transportation, a kind of instant equity. The disadvantage is that you know that you are an agent with an offer and people tend not to negotiate with the agent if the agent should be the beginning.
I have never taken, since most courses "get rich" are classes of real estate fraud and wealth is the only one who wrote the book, took the class.
I started young, less than 20 years ago I bought a small house with 2 bedrooms and lived there for a few years. It was free rent, as a lossAst all my payments. I was able to save and buy a new (up to 3 people) and I rented our house # 2 During my second home, I saved money and bought a pair of interceptions to rent them.
The real key for me to buy something anyway, when I started to well below market value in the first place. Do not be too much for a loving home to rent, people jkust space that we want to live, to ensure that you can rent more than they cost their owners.
Post a Comment