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What's the best way to become a real estate investor? |
What's the best way to become a real estate investor? Be a Real Estate Investor! have lots of money to build houses and buildings buy a house Real Estate is not a market you want now. Capital You'll need Money!!!!!! Take a class By investing money in Real Estate... surprise, surprise Get on the property ladder and never climb down Marry Trump Start small. Go to your local county recod of deeds and figure out where you can get resident forclosure list and start small. There isnt a real science to it. You just kind of learn as you move forward with your investments. You DONT need money, you only need a good credit score and a mortgage broker who wont rip you off. YOu can get approved for a 100% loan on an investment property. If you find a special buyer you can even get moeny back at closing.(shhhhh) Learn the bus. from the ground up saving all the time then buy when you've know and understand the cycles. Read Robert Kiyosaki's book, Rich Dad - Poor Dad, first. Then check out your state's requirements for becoming a realtor. By a place you can afford, upgrade it, and sell. You'll have to pay higher taxes for flipping it, but it is worth it in the long run. Keep all of your receipts as you can write them off of your taxes. buying hotels or ill give you an idea takebig land make on part of it hotel 5stars or mall than you can sell the rest of the land at least 10 times the original price try to but real estate 'off plan'. while it is built u wont have to pay any mortgage, whenit is complete u mortgage it at the price it was when u put ur deposit on (about a year back say ). so , u have a year of equity right there. live in it for a year(or let it for 3) , to avoid capital gains tax and flog it. repeat till uve enuff to be buying 3 or 4 at once , and retire The best locations to invest in real estate is overseas in non-warring Asian countries like China, or Texas and the Middle US. Do you live in Florida? There are many ways to become a real estate investor. The best way just depends on what fits you. There are more ways than you can imagine to start. |
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