Invest In Real Estate The Right Way
NOW is probably the best time to get into real estate: buy low, fix and flip (BFF).
Single family homes can be picked up at bargain prices, slight renovations to add appeal and flip! Create a money making machine and do the same thing over and over again and remember, single family homes ARE NOT investment income properties because they create no income – they just cover costs. Properties considered to create income and are truly rental income properties are residential multi-family income properties that are 2-4 units; this does not include mother/daughter single family homes. Why 2-4 units?
Because they generate income even if one or more units are vacant!
After you flip a few single family homes, you are ready to put that down payment on a 2-4 residential income unit or move into commercial rental income of 5 or more units.
Partnerships are encouraged when you move into 5 and more units – hire a lawyer to draw up a legal partnership agreement to make the relationship a smooth one.
As I said before, NOW is probably the best time to buy single family real estate to flip.
Then move into 2-4 residential income generating properties and hold until they double in value and sell for a good profit and reinvest. Like the stock market: buy low and sell high – wait to the lows again and then do it again: buy low and sell high.
My view of real estate is generate monies not to hold on to it for years thru ups and downs. Like the stock market – buy and do homework vs. buy and hold!
Remember real estate cycles generally occur every 7 years and when the boom comes, it generally lasts three years. Last time the boom lasted 5 years due to super low interest rates and the 2000 stock market crash – people pulled money out of the market in droves and it had to go somewhere, so it went into real estate. With Bernake as the Fed Chairman for the next two decades, do not expect real estate to take off like it has in the past due to his close attention to stable interest rates!
But monies can still be had despite the Fed’s interest rate policies.
Learn and proper!
About the Author
Steven Kinney is a day trader and former real estate investor. Please se his investment site:
Rick Astley – Never Gonna Give You Up
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Cd and Dvd: Flip and Grow Rich: How I Built My Real Estate Flipping Machine Audio Cd; Assessing Properties Dvd: Learn the Secrets Behind America’s #1 Hit Reality Tv Show As I Unlock the Vault to My Real Estate Business (CD + DVD Complete, 2007 Publishing) Cd and Dvd: Flip and Grow Rich: How I Built My Real Estate Flipping Machine Audio Cd; Assessing Properties Dvd: Learn the Secrets Behind America’s #1 Hit Reality Tv Show As I Unlock the Vault to My Real Estate Business by Armando Montelongo, World Wide Inc., Armando Coaching Company, Flip and Grow Rich. CD + DVD Complete 2007 Publishing by Armando Montelongo. ISBN 0711613516. EAN 9780711613515. Sp… |
