|Real Estate Information|
Real Estate Investing and Home Ownership
If you already own your home, you will probably make money in real estate without ever buying another property.
The home you are currently buying with a mortgage is probably one of the most valuable appreciating assets you will ever own.
You are making money by living in your own home, even if you never buy any additional property. This, within itself, makes you a successful real estate investor.
I have been fascinated with real estate investing for many years, but it all began with a startling discovery 35 years ago.
In 1970 I had bought a little house for my family in the Green Hills area of Nashville. It wasn't much, but it was adequate and it was home.
In 1978, we decided to sell.
We sold that little house for $67,000.
That's when the light bulb went off in my head.
I was shocked with a discovery that led me to fall in love with real estate investing.
I suddenly realized that we had made $40,000 profit in 8 years JUST LIVING IN THAT HOUSE!
We had not painted it. We didn't add any rooms. We built no patio.
We just lived in it!!!
We had made $5000 a year simply living in that house.
I began to think to myself: what if I had two similar houses that generated $10,000 a year profit? Or, five houses that generated $25,000 a year profit? I began to fantasize the possibilities. This awareness launched my real estate investing career.
Soon I was buying millions of dollars in real estate.
But the real challenge was buying real estate without any capital. I had just experienced a serious business failure, and had no cash reserves and no credit. I learned how to buy a house with only a $10 bill. I never walked into a bank to ask for a loan, and I never applied for a mortgage. But conquering the challenge led to buying $10 million in real estate in only four years.
That whopping $40,000 profit that went into my pocket from simply living in that house I sold in 1978 was just the tip of the iceberg.
I still live in the Green Hills area of Nashville. I pass that same house every day that we owned in the 1970s. It recently went on the market again, and it quickly sold.
This time that same house sold for $200,000.
I don't know what's been done to improve the interior, if anything, but no exterior changes have been made to that house. It's still about 2000 sq.ft. The lot is the same size. But the value has increased significantly.
Discovering this concept has made real estate investing very exciting to me.
Phil Speer, Ph.D., started his real estate investing career 25 years ago. With no credit and using only a $10 bill, he purchased $1 million in properties his first year, and accumulated $10 million in properties within 4 years. CashinHouses.tk/
He was featured in a Wall St.Journal editorial as most successful investor in the Nothing Down Real Estate Movement. He won a Caribbean cruise as top investor of the year. In his hometown of Nashville, he has been a businessman and Human Resources Consultant for 30 years. He is an author, speaker and seminar director. Anyone can profit in real estate investing, even without cash or credit. CashinHouses.tk/ Subscription is free to his Fix-up Ezine. He and other contributing authors provide free articles and resources on real estate investing at his online "Academy of Advanced Real Estate Investing Techniques" at AAREIT.tk/
The Best Way To Get Real Estate Listings
The Real Estate Industry is HUGE and is a golden opportunity for real estate agents. National average home sales exceed $200,000.
Rental Property Management - Ten Questions
Why hire rental property management? Because doing it all yourself is the surest way to make your real estate investment experience a bitter one. You also have more time to find the next deal when there is someone taking care of the details for you.
Dont Get Stuck Having To Deal With The Sellers Household Hazardous Wastes - After You Move In!
I have a confession to make!I was just outside with Frankie (my dog) and noticed I still had an old car battery sitting by the foundation, at the rear of my house.Yes, I'll admit it's not right, and quite environmentally insensitive for me to have it there.
Investing in Real Estate Profitably: Financing Options for Purchase of Rental Houses, Part 1.
This is not an article about tricks for 100% (no money down) financing. Even if you do take advantage of various no money down strategies from time to time, these strategies are not generally applicable when you begin investing systematically in multiple rental homes with the goal of making significant rental income.
Inspecting Your New Home - 17 Areas You Must Inspect Before Taking Possession
Congratulations! You've made your decision; you've chosen your new home and your builder. So what needs to happen next? Once you have a firm contract and you have selected the features that will go into your new home, it is time for the builder to turn your dream into reality.
Setting Goals for Real Estate Success
The power of goal setting has been well documented and communicated so before you skip over this point because you've heard it all before I'd like you to consider how well you are doing it. I'm a firm believer that you don't truly understand something until you are doing it.
Selling Your Own Home: 10 More Tips
Selling your own home can be a time-consuming and frustrating process. Sometimes, though, in the right market, it makes sense to save thousands of dollars in commission and do it yourself.
Avoiding A Bad Investment Is Easier Than You Might Think
Human nature being what it is, none of us can get serious about the idea of buying a house without experiencing at least a few small twinges of worry. What we fear, of course, is making a mistake.
Juggling The Day With A Deal
Doing deals with sellers is why you went into lease purchasing. Again, using organization and time management is very important here.
How Can the Average Person Build Wealth in Real Estate?
Books on real estate are a dime a dozen-and most focus on taking advantage of someone else's misfortune. They frequently describe lofty methods for buying and selling properties no ordinary citizen can be successful using.
The Pros and Cons Of Hiring A Real Estate Lawyer
You're travelling in a foreign country and you get arrested for something that you didn't even know was against the law. The potential fine is huge, more than you earn in 10 years.
Do Bankers, Bubble, Discounters, & Justice Department Cloud Real Estate Industry?
Once relegated to the classified advertising section of the local paper, real estate has jumped to front-page headlines and covers of national magazines. Leaders in the real estate industry are weary from interview requests for their perspectives on market conditions, the ongoing battle with the banking industry looking for entry into residential real estate brokerage, online brokerage commission discounters and investigations into their business practices from the U.
Prepare Your Rental Property for Occupancy
Among your many responsibilities as a landlord, the law provides for a warranty of implied habitability. This means that the dwelling must be considered habitable and any known problems must be fixed before you allow a tenant to take occupancy.
Dont Sell Your House--Ever!
Keeping your existing house when you buy a new one could be THE most profitable financial decision you could make. Consider the following:1.
Are You Profiting From O.P.P.?
Are you profiting from O.P.
Why Do Realtors Advertise Your Home in Print,on the Radio, on Television, etc.?
Why Do Realtors Advertise Your Home in Print,on the Radio, on Television, etc.?Realtors represent a huge part of the national advertising expenditure each year in newspapers, magazines, radio and television.
The Value of Building Home Equity
There are numerous advantages to owning a home. One of the serious advantages is the equity that is built over time.
10 Top Considerations For Those Buying Property Abroad
Are you one of a growing number of people considering buying a second home in the sun, an idyllic home from home abroad or a lucrative investment property overseas? If so you're not alone! Statistics show that globally we're all on the move with a recent survey by YouGov revealing that 55% of adult Britons were "seriously considering settling in another country" and the British Centre for Future Studies predicting that by 2020 one tenth of the current British population will be living or working abroad!Add to this the fact that there was a 250% increase between 2000 and 2004 in the number of Britons buying property abroad solely for investment purposes, that over one and a quarter million Brits own second homes in Spain and France already and that the Office for National Statistics in the UK recently revealed that 200,000 Britons go overseas yearly with the intention of remaining for at least twelve months, and you can see that the passion for buying that dream home abroad is universal.But what's fuelling this ever growing interest in the overseas property market?Well, despite reports to the contrary the UK housing market is seemingly ever on the up and those Britons who're acquiring massive levels of equity through their residential property are considering selling up, buying abroad and establishing a pension fund simply on the back of what they have left over from their house sale.
How to Decrease the Value of Your Own House
Owning a house is part of the American Dream. Depending on where you live in the US - home ownership can be around 70%.
Selling Your Home - A FSBOs Guide to Keeping It Safe
Sellers need to keep their safety in mind when prospecting potential buyers. The real estate industry has seen a problematic climb in assaults towards realtors, and so is the concern for those who are selling their own homes.
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