|
|
| *Home>>>Investment Advice |
Real Estate Guru's? |
I'm new to all this. How can you make something out of nothing in real estate? I'm looking to buy some investment property within the next year. I have the credit (784 FICO).. but my income is less than 50k a year. What's the best thing for me to do to get started? Any advice would be appreciated. Join your local Real Estate Investor's Association and learn. REIA's (pronounced Reeah) are groups of people that are interested in investing in Real Estate. You want to talk to these people and find out what they know. I would also try to find someone who is already doing this and see if they'll teach you or let you tag-along with them and learn. First incorperate your business. never buy investment property under your own name. Investment property If you own your own home, you may have equity built up in it. If so, you could use this money as a down payment on an investment property. With your high FICO score, you will get good terms with a loan. If you do not own a home, BUY ONE!! Talk to a lendor and see what your options are and what you will have to do to purchase one. I bought my first home 4 years ago with $2,000 that I borrowed from an ex-girlfriend; since I have turned that home into 7 properties by this process. Last, search for deals, search for deals, search for deals; if you can find a good real estate deal, you can find money to purchase it - at the least, you could partner with an equity partner that would be happy to be a part of a good deal. Good luck! Get with a Realtor that specializes in foreclosures. Ride around on the weekend and look for abandoned properties. If you can not do home repairs yourself you will have to concentrate on Keep in mind........... |
| Tags |
| Investment Firms Investment Company Investment Calculator Investment Bank Investment Advice Investment Account Invest Money Invest in Gold Invest Fund |
| Related information |
Best thing is to talk to a mortgage company since you probably not going to buy it out right. ...read the following books ok. 1)the intelligent investor 2)security analysis 3) a basic accounting text book these should help you out allot. HAPPY INVESTING ...Hey, In a nutshell, the amount of money you get depends on your credit score and what you want to do with the money. If you are borrowing a revolving line of credit (to do whatever you want with... Pay the credit cards off and pay your parents off this should be good for family relations i would think, then invest the rest in a oil company stock like exxon or valero people don't get rich... FHA loans are almost always assumable. That simply means that you can transfer the payment and take over the mortgage. Any other kind of mortgage just call the current lender and ask if it's... You have a legitimate concern but whether or not they can be on the board depends on the rules of the hoa. Go check the bylaws and see but since they are on the board I suspect the bylaws allow th... yes they can put a lien on her property. any time money is owed to a creditor, in an attempt at collection they may file to have it attached as a lien on the property. this doesnt mean she is goi... The most consistent, highest-grossing investment manager of the last century maintained an average annual return of 16.5% for 30 years net of all fees. You may know him as Peter Lynch. Warren Buffe... |
Categories--Copyright/IP Policy--Contact Webmaster |