Investing In Real Estate

I am going to be studding lots over the next few years the real estate business, and hopefully start making some good money with it. I would not be investing all my money in real estate I would have other investments such as CD's, Mutual Funds, Stocks, etc.


Why I am choosing to invest in real estate?

1. it rarely never losses its value completely
2. it can go up in value and earn money from renting
3. you can buy property for a lot less then they are valued at

II could go into further details on why I'm going to invest in real estate but I'm sure you guys don't want to her me ramble on about real estate.



P.S
Right now I have had a little taste of the real estate business I currently own 2 houses that are paid of in full I live in one and rent the other one out for $1,150 per month to my renters.





I love Real Estate ITS THE BEST THING EVER TO INVEST IN!

 

Buy properties and don't buy ones who are good to resell, buy ones who need work, fix em up and sell away, that's what my mom does. Profit margins are way higher. (in belgium that is)

 

buy and rent out, if you're young it will be even more better as you get more profit lol

 

I have heard of people making bank doing that, but i have also heard of people losing everything doing that too. It's a higher risk better reward but for me i like the rental property's. Hope your mom make some good money at it

that's what I'm going to be doing soon I am only 21 so I got lots of years I can do this!

 

Just curious where do you live? I'm just asking because the banks don't tend to lend too much money for real estate investing where I live and I was only able to afford one house at a time and even that was a really big head ache.

Also just a recommendation try taking a look into purchasing new homes and the policies regarding taxing them, it could be more profitable for you if done right, I made the mistake of labeling it an "investment property" and having to pay a lot of taxes but you could potentially get away with it if the policies aren't too strict. If I had rented it for a year over here I would have received a huge rebate back on the taxes I paid.

 

I live in Oklahoma, the 2 houses I own currently are are paid off in full. I don't plan on buying more than one house at a time my goal is to have 10 house + in the next 10 years earning me rent each month. That's 1 house a year. Some of the ways i plan on making the money with them buying them below their market value, in great neighborhoods, and various other factors I gotta do lots of research before I even put an offer on a house.

 

Also I plan on buying my almost all houses with 3 bedroom 2 bath as it is the easiest to rent out in my area. They will all be within a 30 minute drive so I can manage them easily.

 

I guess the demand for housing isn't too high in the states at the moment, over here trying to buy a house reasonably under value is extremely difficult and the only real way to do so is by having a real estate licence to cut the Realtor fees.

Good luck though as the American economy rebuilds your house prices will go up so I'm sure you will see a lot of profit in the future. I personally couldn't handle the head ache of real estate over here and stopped but I dealt more with other real estate agents who were extremely rude so I got tired of it and stopped, if I had the money to take the approach you are I think I would have found it more enjoyable but being 20 and getting approved for a semi-detached costing over $350k is enough of a headache and getting approved for a 2nd would probably not even be possible.

 

You're only 21 with two houses completely paid off? What did you do to get the initial investment money, if you don't mind me asking?

 

I got hit in the head by a semi tucks crank handle that was sticking out on the highway when I was 5 and we were pulled over the driver veered into our van and clipped it almost knocking it off a cliff after it bounced off our van the crank handle hit me in the frontal lobe.The part of my skull that came out saved my life if it had not come out my brain could have swelled as it did and exploded my brain actually swelled out of my head for a while Lots of things happened that day to keep me alive the docs told my family i would never come out of my coma, then when I did they told them that I would never walk or talk again. I am pretty much set for the rest of my life with or without investing in property's. Just because I'm set im not going to sit on my ass and do nothing, I have never had a job in my life but just because I don't work I have been able to voulnteer and help out lots of people I would not normally have been able to help.Below is a picture of my skull right after the accident happened, most of the hole is now filled with the stuff bowling balls are made out of. there's still a little dent in my skull that they could not fill.




Sorry for the long story but you asked so I figured id share my story.Sorry for such big pics its all i had.

 

To be successful in real estate business it is very important to understand all the important basics related to real estate.Real estate business build a strong passive income that can generate thousands of dollars every year.

 

Renting is only good if you can find high quality tenants, I know several people that had to go through months of legal battles to get poor quality tenants out of their homes, while they weren't paying rent and using about 800$ of alectricity a month.

 

Laws vary a ton between countries and states. Some are very favorable to the tenant, others to the landlord. If you plan on starting renting something out, make yourself an expert in the local laws.

 

something that my uncle does he know how to repair houses, and usually the you can buy forclosed houses for what ever was owed so if just $50 dollars was owed on the house you can buy as is, it a really good investment if you can fix up houses , and some times nothing is really wrong with the houses just need a door repair ect

 

I just got my rent house rented out for 1295$ a month I got 13*calls on the house withing 4 days of putting the for rent sign up


was letting my grandma stay in it for free for a few months until she got her new house. In January I will more than likely be putting a 20% down payment on a 130-150k house with a 30 year fixed mortgage. I will then use either use some of the rent out of the house that is paid off to pay for the mortgage or if it rents our right away Ill use some of its rent to pay off the monthly mortgage.

 

yes I understand this this is why I have a set of terms the renter must meet to be able to stay. one of which is a stable job another is that the renter(s) must make atleast 3X the monthly rent to be qualified to stay at the house there are a few more terms they must meet to stay aswell.then they must fill out an application and then I will show them the house.

 

I am currently 21 too and own my own house, although it's not all paid off I still plan to buy another apartment. I currently rent my house and it's great and I hope to advance in my investment with real estate aswell.

 

i would stick with 3 bed room 2 bath house and not apartments but that's just me.

 

to invest in real estate you need hundreds of thousands of $ and it involves alot of risk.

 

It all depends on what you do. There are lots of ways to make money in real estate without hundreds of thousands of your own cash. It's actually more common in the industry to use a bank or hard money lender to finance a real estate project than entirely with one's own cash.