April 9, 2010
Real Estate Investing | Educating Yourself Before That First Real Estate Investment
For those who see themselves as a novice in real estate, the idea of taking that first step into real estate investment can be an extremely confusing and daunting time. Many of those who look to join this field may have found the perfect investment to get them on the real estate ladder, but will be unsure of how the whole process works, resulting in their dream investment never being made a reality. In order to become successful within real estate investing, the first thing you should do is educate yourself on how the process of investing works.
Trackback uri
Leave a Comment
You must be logged in to post a comment.
2 Comments on Real Estate Investing | Educating Yourself Before That First Real Estate Investment »
May 26, 2011
bob shark @ 1:11 pm:
Don't borrow to invest…you will find the interest paid will offset your gain on the investment, and worse still, if the investment loses money, you will still have the loan.
I will give you some good advice…pay attention.
You are young and that makes a big difference..Save up your money until you have $1,000, and take it to the bank and buy a no-load balanced mutual fund, Figure an amount per month that you can afford to invest and tell the bank to take this amount once a month to buy more shares of this fund,
Then start reading about investments, markets, market psychology, how changing interest rates affect markets, how current events affect markets, and anything you can learn about investing will help you understand.
This amount you invest every month won't be noticed by you (not having it to spend) after a few months…..Increase this amount when you can..if you get a raise, put the take home increase into your fund. As you learn about investing and understand your risk tolerance, branch out ito more diversification, Like a good equity fund, maybe a resource fund, but start with a balanced fund.
Over the years you will get rich following this advice, but don't start spending your fund on cars or trips…otherwise you will have to start all over again.
June 26, 2011
Jay S @ 3:09 pm:
you can be an investor and a real estate agent. if you buy a property as investment and you are an agent, it's yours. Your company will not let you invest their money unless you work at some kind of investment company. Also, if you are poor, you do n't want to be investing your money in real estate, you will want to be investing OTHER PEOPLE's money in real estate.
Contact me if you want to find out more.
-Angela
http://www.ratraceclub.com