Posted by Gregory (VA) on May 25, 2004 at 14:03:16:
100% Financing:
Feeding the Desire to Acquire
by Ray Alcorn
Help for beginner - Posted by Jeff
Posted by Jeff on May 16, 2004 at 11:08:15:
Hi
I am looking to get into some kind of real estate investing. For reasons which I do not want to get into in this posting, we are very tight with money, and I need some sort of extra income. I bought Carleton Sheet’s program last year but unfortunately never used it. I live in Norther New Jersey and you really dont find houses in the range that Carleton talks about.
Because of my financial situation , I dont have much money to invest. Because of this I am scared of getting strated. Can someone please offer some guidance.
Re: Help for beginner - Posted by Joelle Austin
Posted by Joelle Austin on June 12, 2004 at 10:06:59:
Jeff,
If you’re looking for an investment opportunity I have the perfect one for you.
Invest in vacation homes zoned for “short term rental” in the Walt Disney Resort Area in Orlando, Florida.
With as little as 10% down you can purchase a single family pool home in a resort community while paying a pre-construction price that will appreciate anywhere from 19% to 25% per year.
The real estate market in Central Florida is booming because of the ability to buy pre-construction. In other words, you’re buying at the lowest price you will ever pay on the home. In the mean time while your home is being built, the builder is raising the prices. Your equity in your already purchased home is going up. At closing (which will be anywhere from 1 year to 1.5 years) you can either close on the property and sell it or you can put it in the rental market and have a cash flow while the rental income is paying your mortgage and operational costs.
These units rent anywhere from $800 to $1200 a week!
With 40 weeks of rental a year you can break even…anything over that is money back to you.
Sound good?
Give me a call day or night
1-866-655-7618
Joelle Austin
Re: Help for beginner - Posted by ANDREA FORD
Posted by ANDREA FORD on May 20, 2004 at 15:45:19:
you need to understand that you don’t have to be rich to start investing. you need to learn how to use other peoples money to buy real estate. i highly recommend that you read rich dad poor, and real estate investing by robert kiyosaki. he is very intellegent and inspirational. Do not be scared of starting. Only be scared of never starting. You have to take a risk, i think that NOT investing is riskier than investing. So do not be scared in getting started, get some knowledge on rei and just do it
Re: Help for beginner - Posted by Yuri Garbowski
Posted by Yuri Garbowski on May 18, 2004 at 16:52:55:
If I were just starting out again, I would take a balanced approach to learning how to invest in real estate.
First, know that if you want to replace your income with RE investing, that it is a CAREER. You will have to put much time and effort into learning the business.
Second, most of your transactions with CREATIVE FINANCING is going to be a sales presentation. A really good book on basic sales that will get you up to speed really FAST is SELLING by Tom Hopkins.
Third, learn the basic of investing. You need to learn all the mechanics of a transation. These will be the “tools” of the trade. This includes different strategies as well as using the contracts needed to close a deal.
If you need cash NOW, you’ll have to FOCUS on one strategy that works. If you have access to a bunch of money, get into buying fixer uppers. It’s really simple and donesn’t take much learning.
If you have more time than cash, learn about owner financing. If you weren’t good at math in high school (as most of us were), this may take some time. But the return on this is FANTASTIC!
Finally, if you are short on cash, and have time to learn, get into lease options.
These basic creative techniques aren’t taught in even Real Estate Investment Clubs, though more savvy members may be familiar with them.
You’ll definitely need a good course to bring you up to speed and get into doing deals. A good course is the SHORT CUT to becoming proficient at creative real estate. Check out fastcashcourse.com for some good free info.
Yuri
Re: Help for beginner - Posted by BRIAN
Posted by BRIAN on May 17, 2004 at 16:17:55:
GO TO THE REAL ESTATE ARTICLES ON THE HOME PAGE AND LOOK FOR AN ARTICLE ITS CALLED “FEEDING THE DESIRE TO AQUIRE” BY RAY ALCORN THIS IS A REAL EYE OPENER DONT LET IT DISCOURAGE YOU JUST TAKE IT WITH A GRAIN OF SALT…BRIAN
Re: Help for beginner - Posted by Amy
Posted by Amy on May 22, 2004 at 15:39:36:
Brian,
I am trying to find that Ray Alcorn article and I can’t seem to find it. Do you happen to have the link?
Thank you,
Amy