| Real estate investing is one of the most
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| | property."
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| sure-fire ways to increase cash flow,
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| | "A lender will allow you to include the
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| even considering today's market
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| | rental income along with your salary when
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| conditions. Although we may not be
| |
| | you compute whether you can afford the
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| experiencing the housing market boom we
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| | loan. Try to keep the basic payment --
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| saw from about 2000-2005, there are still
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| | called 'PITI' for principal, interest,
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| countless ways to profit in this industry
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| | taxes, insurance -- to 25% or less of
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| as an investor.
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| | your before-tax income, including the
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| All it takes is a little information and
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| | rental income."
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| knowledge.
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| | You definitely do not want to get into
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| A January 9, 2007 article by David Crook
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| | something you can not afford in the long
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| of The Wall Street Journal Online, "Post
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| | run, especially if this is your first
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| housing bubble, property still pays,"
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| | investment property.
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| discusses the different steps to becoming
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| | The most important thing you can do in
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| a real estate investor.
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| | the beginning of your journey is to
|
| "So you think there's still a buck to be
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| | research, research, research! Read as
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| made in real estate? You're right.
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| | many books you can on the subject and get
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| There's plenty of money to be made
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| | to know as many other investors as you
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| because everyone still has to live
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| | can.
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| somewhere. And everyone has to work
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| | Building a network is a big part of
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| somewhere. And everyone has to shop
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| | succeeding in this industry.
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| somewhere. And someone has to provide the
| |
| | "You need to develop a network of
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| space."
| |
| | real-estate professionals, people who can
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| "That's where the real-estate investor
| |
| | help you acquire properties, because you
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| comes in -- making money by providing one
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| | are unlikely to find the best places just
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| of life's necessities. And just about
| |
| | scanning newspaper or Web listings all
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| anyone can be a real-estate investor. The
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| | alone."
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| capital requirements are quite minimal,
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| | "One place you might look for contacts is
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| and there are comparatively few legal
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| | in real-estate class. While certainly not
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| restrictions on how you operate."
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| | required of real-estate investors, a
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| The first thing that a potential real
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| | real-estate license doesn't hurt. It
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| estate investor needs to look into is
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| | helps to establish you as a professional,
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| where they are going to get the money
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| | which has distinct tax advantages, and it
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| necessary to start such a venture. The
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| | lets you negotiate as a professional,
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| first step to this is finding a good
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| | which can result in sales-commission
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| lender.
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| | savings for you."
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| Many people are under the misconception
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| | Always be aware of real estate schemes
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| that you need a lot of cash, which is not
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| | (which are quite common these days) that
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| necessarily true.
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| | make promises of getting rich in a matter
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| "You can get good quality loans on
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| | of days. All in all, do your homework and
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| buildings with up to four apartments
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| | when you find a property that is right
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| under the same easy-lending terms that
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| | for you, make that leap!
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| you can use to buy any residential
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|
