April 3, 2010
Real Estate Investing | The Effects Of Credit On Real Estate #2 – Proper And Smart Investing
Investing in anything has risks, that’s why we try and take calculated risks. The higher the risk however, the higher the potential reward. Real estate is viewed as one on the safer investments because unlike a stock, you cannot lose everything, even if value goes down, you still have a physical house. Well that’s not entire true. When you invest into a stock, if the stock crashes you lose your money but your out. When you invest in a house, and the house bottoms, you still owe the bank a lot of money.
The biggest thing you need to know about investing in the real estate market is when to do it. Many people got in during the rate hike of the last decade, and when the values went down, they could not afford the mortgage payments and had to foreclose. This has led to a prime opportunity for buyers now, because of the high foreclosure rates, and low interest rates. But do you buy a home and try and sell it? The experts say no because many homes can not be sold at fair market value, so buying a house cheap doesn’t mean you will turn a profit. The smart thing to do is to rent the home out, this will help take care of the mortgage, taxes and insurance as well as other expenses for the home. This will also buy you time as you wait for the market to rebound.
As you try to purchase the property you may notice you need a few things. First you need a down payment, banks don’t do 100% financing. Next you need established income to prove you can afford the mortgage. Finally you need a good credit score. A bad one may not cost you the loan, but you will have to pay more. To fix a bad score turn to credit repair. A credit repair company can fix any score in weeks.
By David George
http://creditrewind.com/
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7 Comments on Real Estate Investing | The Effects Of Credit On Real Estate #2 – Proper And Smart Investing »
April 14, 2011
Patrick Riddle @ 5:05 am:
Hey!
Just noticed that you used my article here:
I don't mind if you use it but expect a link back to my blog.
You could put “Patrick Riddle” as the author and write “For more information, check out Patrick's creative real estate investing blog.” It would be great if you made “creative real estate investing blog” the link to my blog.
Thanks!
April 28, 2011
Gee Wye @ 11:36 pm:
I love the series of books. First of all, you don't need to be wealthy/have money to invest. However, you need to invest to be wealthy. I used bank loans to start my investment portfolios, thanks to Kiyosaki's tips. B4, I had the mindframe of saving money in order to invest.
Nowadays, I realize you can use the banks money to invest. Bank managers are often willing to give people money for a good investment. Money always follows a good investment, though you have to learn about them, invest to gain experience. Also, it's important to have mentors who've achieved whatever you want to achieve. They're a good source of guidance.
I like the Rich Dad, Poor Dad series of books because the tips have been helpful to me and are helping me achieve my goals.
May 29, 2011
Chris Lengquist @ 9:53 am:
Nah. I keep 100% of my checks. I like that. But seriously, welcome. I hope you find blogging as fun and rewarding as I do. It truly is win, win. My readers get a lot of information on real estate investing for free whether they use my services or not. I get many, many clients from the blog readers when they need an agent. It is the perfect relationship.
June 10, 2011
Edward @ 6:44 am:
You're a decade late for that particular bogeyman.
July 7, 2011
swenjj @ 6:19 am:
I love the series of books. First of all, you don't need to be wealthy/have money to invest. However, you need to invest to be wealthy. I used bank loans to start my investment portfolios, thanks to Kiyosaki's tips. B4, I had the mindframe of saving money in order to invest.
Nowadays, I realize you can use the banks money to invest. Bank managers are often willing to give people money for a good investment. Money always follows a good investment, though you have to learn about them, invest to gain experience. Also, it's important to have mentors who've achieved whatever you want to achieve. They're a good source of guidance.
I like the Rich Dad, Poor Dad series of books because the tips have been helpful to me and are helping me achieve my goals.
August 1, 2011
jordanlaubaugh @ 11:53 am:
Hey that's what I love to hear!
Some of the posts I have coming out soon will be detailing out different ways to create alternative income. The Real Estate Investing post is far from passive income. It does take a lot of work.
I am in the works of testing out a few other systems that once I feel they are proven I'm gonna given some previews of on the blog. Most are internet based. Hopefully you find one of my methods that fits with you that you enjoy.
September 13, 2011
@ 1:10 pm:
This review is from: Rich Dad's Advisors®: The ABC's of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss (Audio CD)
What I like most about the Rich Dad Advisor series is the lack of fluff and that the information is from actual experienced real estate investors like Ken McElroy. Many people who write books and/or conduct seminars have little if any in the trenches real life real estate investing experience. What makes this program different are a number of things. McElroy shows how to calculate the right price for your property. He explains how to use comps and how to avoid the wrong properties. McElroy goes into the mathematics of real estate investing more so than any other author. The ABC's of Real Estate Investing mades a great addition to Real Estate Riches. In concert, these programs will help you achieve financial freedom via real estate. ]]>