Investment & Financial Articles
Title: Investing In Real Estate, How Do I Get Rich?
Author: Barrett Niehus
Article:
Title: Investing In Real Estate, How Do I Get Rich? Author:
Barrett Niehus License: Publish freely both online and offline.
Please Include resource box in publication. Word Count: 572
++++++++++++++++++++ Investing In Real Estate, How Do I Get Rich?
By Barrett Niehus
Fundamentally, you have three ways to make money when purchasing
investment property. The first is to lease the property for an
indefinite period at rents that exceed the cost of holding the
asset. The second is to purchase the property with the intent of
renovating it to substantially increase the value and selling it
quickly. The third is to find properties that need to be
liquidated quickly at a substantial sacrifice to equity. An
investor can acquire these properties and immediately sell them
for a substantial profit.
Essentially, these three concepts have made more millionaires
than any other type of venture in human history. Having said
that, why aren't you creating your wealth with real estate? For
many, it is fear; for others it is lack of capital. However, for
all, it is merely a lack of understanding. People buy and sell
real estate with no money down all of the time, and real estate
has always been a much safer investment than the stock market.
So how do you get started?
The first step is always education. Start reading books about
real estate investments. Go the book store or library and learn
the fundamentals. You don't need to be an expert, but you must
understand the process. Find a realtor that works with
investment properties and ask questions. Do the same for
mortgage brokers and banks. Sit down with a loan officer or
mortgage broker and determine how you would finance an
investment. Ask questions and find real estate and finance
professionals that can help protect your interests as you learn.
The next step? ... Find the properties.
With the aid of the real estate professionals, determine the
best type of investment for your lifestyle, financial position,
and risk profile. After you determined best type of property to
maximize your return, begin searching for your investment. For
this, the internet has become an invaluable, time saving, tool.
Search for potential investments at sites like
freeForclosureSearch.com
(http://www.foreclosurefreesearch.com/index.cfm?rsp=2428) or
Reals.com (http://www.reals.com) In addition, you can look
through your local paper, visit county the county recorder, and
call on the resources of your network to find the opportunity.
But how do I recognize the opportunity when I find it?
Valuing a potential investment is not as difficult as it may
seem. For investors looking to receive a return for charging
rents, evaluation software such as IP Ware
(http://www.freetrainer.com) aids in finding the maximum return
on investment. For investors that are looking to renovate and
re-sell, comparable values of the surrounding area can be a good
foundation. Finally, for those that are looking for people that
must sell at a substantial sacrifice, mortgage lenders, tax
records, and financing groups can be a significant source of
information.
Investing in real estate is a simple process. It is merely a
matter of locating a potentially good investment. Determining
how to best leverage that investment. Then using your resources
and relationships to minimize your risk, and maximize your
return. There is a myriad of resources available to beginning
real estate investors. Isn't it time you took advantage of the
opportunities in real estate and started building your wealth?
+++++++++++++++++++++++++++
Barrett Niehus,
http://www.freetrainer.com is director of IP Ware Real Estate
Investment Analysis Software, http://www.freetrainer.com. He has
written extensively on investing, and is an advocate of wealth
creation and retention through real estate.
About the author:
Barrett Niehus, http://www.freetrainer.com is director of IP
Ware Real Estate Investment Analysis Software,
http://www.freetrainer.com. He has written extensively on
investing, and is an advocate of wealth creation and retention
through real estate.
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