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Article #10: Learn to invest in real estate

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






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