August 8, 2009
Most people buy one or two properties. One is their primary residence and sometimes they have a vacation home. Few people invest in real estate. The main reason is they are not comfortable sticking their neck out in something they are not entirely familiar with. There is so much that needs to be understood and it just seems overwhelming to the majority of people.
Many homeowners pay off their house and retire or keep working their job. Their equity is money sitting their quietly and not doing anything for them. With that money they could invest wisely and be vacationing or playing tennis instead of working. There's nothing wrong with working if you enjoy your job, but how many people do? Your equity can be used to buy other properties, it's called leverage. Call your bank today and talk to them about an equity line of credit. You can set it up before you do any shopping. Remember you are a loyal customer and deserve a good rate so know what other lenders are charging before you talk to them.
Maybe you can do all the leg work and team up with someone you know who will put up the money. You can split the profits how the two or three of you agree upon (IN WRITING). Then you do the homework and find the good deal. They are in every town, city and county all over the country. That's why you see signs and ads everywhere saying "we buy houses".
This is not quick rich schemes. We have documentation of investors making figures such as $25,000 in 30 days. And buying 5 government owned houses totalling approximately $150,000 being worth about $275,000. One of our investors is 85 years old and already has money. He has 4 adult children and a wife. He also belongs to a church which encourages retaining a life estate and leaving everything to them.
Suzie is a licensed real estate broker and certified residential appraiser with twenty years experience. Other professionals have contributed as well. http://www.freewebs.com/realestatenews
Tags: Real Estate