By Minh Pham, Mentor/Investor, www.GuaranteeProfits.com

 

 

I know some of you dream of quitting your J-O-B and being financially independent.  What better year to do it than this year.  So, how do you become financially independent?  Well, let’s do the math:

 

Example:

An average person’s monthly expenses                                                          $3,000.00

 

Cashflow* from a property using

Lease Purchasing technique

($250.00 average per property):

            $250.00 x 12 months                                                                         $3,000.00

 

(*Cashflow is the difference between the seller’s mortgage payments and what we charge in rents.   Example: $1,400.00 Monthly Rents – $1,150.00 Seller’s Mortgage Payments = $250.00 Cashflow)

 

So in 12 months of acquiring one property per month (if you are doing this business part-time) you can acquire 12 properties to be financially independent based on the above example in one year.

 

Or if you want to do it in 6 months that’s just 2 houses per month.

 

Or in 3 months then that’s just 4 houses per month.

 

Now you get the idea.   The best part is that it doesn’t even take into consideration the upfront Option Consideration which is “non-refundable” and goes right into Hip National Bank, i.e., cash in your pocket!!!!  Cash you can use to pay off some debts and/or invest into your real estate investing business!!! 

 

At the end of the lease term there is still more good news.  If the Tenant/Buyer decides to purchase the property then you make an additional $10,000-$15,000 (this is an average, but we have more from the Back-end sale of a transaction) equity earnings at the settlement (Back-end profits).

 

If you want to build wealth the Cashflow can make you financially independent; the upfront Option Consideration can give you spending cash; and the Back-end profits can make you WEALTHY!!!

 

Best of all, you do it with no money of your own (except for marketing expenses), no bank loans, no fix-ups, quick turnaround, no landlording headaches, and very little risk!!!

 

I know many readers do not believe me so the only way you can understand this truth is to do one yourself.  Try one yourself and you will be convinced that investing in real estate using Lease Purchasing or other creative real estate investing techniques is a very smart way to wealth.   Or just ask some of my successful students who are now believers.

 

 

The Cost in Real Estate Investing

 

Someone recently asked me “I have little money, bad credit, little time, no real estate experience, and am looking to get started in real estate investing. How do I do it given my circumstances?”  

 

In creative real estate, you don’t need many of the traditional things such as money to make money. You also don’t really need great credit (or in my strategies, you don’t need any credit to invest in real estate). There are ways to get around some of these roadblocks, but you do need time. Time to understand the business, time to get focused, and time to take action. Take everything away and that’s all you have. So really what is it that you need? You have to have a desire to make it, a willingness to win.

 

That desire is something that does not happen overnight. Figure for the average investor, if you are willing to put forth about 20-30 hours a week to learn and do some of the things to get your business going then you will make it. Do this for about 3-6 months without quitting, without getting paid, or without complaining then you will have a chance.

 

Most people that succeed in anything know that they will make it even before they make it. It’s called ‘vision’ and most successful people have this trait and you will too if you want to be a part of this group. If you think this business is tough, you are right.  If you think this business is easy, you are right also. But remember that it only matters what you think, so study hard and get the right mindset and you will convince yourself of anything. But, if you are looking for a quick fix, get rich over the weekend, type of luck in real estate investing, then don’t waste your time here. There is no such thing as luck, just effort that produces results which only looks like luck. You and I know that with enough effort anything is possible.

 

I started out, just like most beginners hungry for an opportunity, no money, no credit, no knowledge, no experience, no connections, and no luck, but what I learned is that this business is a great one. I tried many different types of businesses before and also have a financial planning background.  I found that this business allows for you to have a good lifestyle, financial independence, and the ability to help countless people while enjoying yourself. Basically, it allows you true freedom to do whatever you want, whenever you want.  No rush hour traffic, no boss, no office politics, and no worries. And of course with all great things in life there is the sacrifice, so if not with money or credit then with time and desire. I hope this article helps you get on to the road to wealth and I wish you all the best!

By: Minh Pham

About the Author:

Fearless Real Estate Investing!

Real estate is dead as an investment in 2008 isn’t it? Real estate markets are plunging, prices plummeting, people losing their homes, foreclosures and bankruptcies are up and the credit crunch is upon us, so we can’t get a loan.

Time to forget real estate investing and move into something else.

Or is it? Lets have a look.

Real estate investing is really a simple business. You need to find a property that is in demand by buyers so that over time the price goes up, you’ve got to make sure that your property is well tenanted, and that preferably the rental return you get from your property adds up to a good return on investment so that you have to top up the mortgage with your own funds as little as possible, if at all.

That’s real estate investing in a nutshell. There are of course variations on the theme, and all sorts of schemes and tricks, but when it comes down to it that’s the basics of real estate investing, and it’s the basics that make you money.

So lets examine that. Firstly, finding a property that is in demand by buyers. Now there’s no doubt that many properties aren’t in demand by buyers at the moment. Look at those Florida condos that have gone on eBay for a minimum bid of $1 lately. All that news about those McMansions that no one seems to be able to sell. However that’s SOME properties, not all of them.

When the real estate market erupts on a bubble like it has over the last decade some properties take off in value, like those described above, and if you get in right you can do very well. But when it all start crumbling they fall out of favor very fast. However there are other properties that don’t take off in value, but when it all starts crumbling they stay in demand.

Which properties? Those bread and butter main street properties that millions and millions of Americans live in in those suburbs that surround the countless cities that make up mainstream America. Not all the suburbs mind you, but many.

Because those properties most in demand are those that most people need to rent, or buy, to live in. Not the condos or the McMansions, but your average 2 or 3 bedroom home that your average mom and dad and 2 kids live in across America.

Believe it or not there are heaps of people needing to buy or rent properties like that right now, and they have been for years. Those types of properties are STILL in demand. Both by purchasers, and by tenants.

As long as you buy in the right place, you’ve got to be extremely selective and know what you’re doing.

And as those types of properties are typically $100,000 or less, the return on investment is good from the rental return you receive.

However it’s a tough market, you really know what to buy, where, and get a deal. And get the loan.

Can you do all this yourself? Of course, if you know what you’re doing. But if you don’t you can get burned.

However there ARE ways to invest in good quality homes in areas in demand, with good rental returns, and buy at good prices, with a loan, a guaranteed tenant and rent guaranteed for 2 years. And usually you buy in at prices below market. No cash down.

Whether it’s a private investment or through your IRA or 401k, it works the same.

Sound like it’s too good to be true? It isn’t.

It’s available right now through a publicly listed US company run by one of Americas most respected businessmen.

Real estate investing in 2008 is alive and well, for those who know where to go to access some of the best real estate investments.

By: Peter Clark

About the Author:

Build A Fortune With Real Estate Foreclosures And Short Sales

If you’ve been thinking about beginning real estate investing for awhile, but haven’t made any actionable steps toward making the first start, you’re not alone.

It can seem daunting at first, but try and learn from others. Joining a real estate investment club is a good idea. You can find plenty by searching the internet.

There are many people who would like to get started in real estate investing but keep putting it off for one reason or another. Some people are intimidated by the thought of getting involved with something as obscure as real estate.

Most people only purchase one house during their entire lifetime and even this is being generous. There are some people who never purchase real estate. It is likely that this is the kind of thinking that causes you to procrastinate beginning real estate investing.

If you want to make progress towards your goal of beginning real estate investing, you must first put aside everything that is hindering you from making the first step.

The first thing you need to do is figure out what has been keeping you from beginning real estate investing. Once you know this underlying reason, then you can begin taking steps to become more comfortable with beginning real estate investing. There are some obstacles that are common among new investors.

Lack of training and understanding is one thing that might be keeping you from beginning real estate investing. If you feel like you don’t understand the world of real estate investing well enough to make a start, then you can take steps to familiarize yourself with the components you do not understand.

There are a number of resources available to provide you with the information you need for beginning real estate investing. You can purchase books, use the internet, or attend a training event to get more information about real estate investing.

Another reason that many people are afraid to take the first step in beginning real estate investing is because they feel they do not have the cash necessary to get started. One thing that you should understand before beginning real estate investing is that there are many ways you can get started in real estate investing without having any money.

In fact, many experienced investors will tell you that you should never have to put any of your money into a deal. There are many creative real estate investing techniques you can use so you never have to come up with cash yourself. Conduct research on some of these techniques to learn more.

One way of beginning real estate investing without much risk is to first work as a birddog. Essentially, a birddog is someone who informs other real estate investors about investing deals. The investor then pays the birddog a referral fee once the deal has closed. Being a birddog gives you experience with locating investing deals. Once you are comfortable with locating deals, then you can begin closing the deal yourself.

Beginning real estate investing is not as easy as it first may seem. There are a lot of details that make many new investors weary of getting involved. If you first figure out the aspects of investing that cause you to be fearful, then work on settling those issues, it will make beginning real estate investing easier.

By: Gerald Mason

About the Author:

The Reo List Every Agent Must Have!

Real Estate Investing is no longer the special past time of wealthy businessmen. In today’s world real estate has become a common financial motion for people from all walks of life. This trend will likely to continue to perform will into the predictable future. This change is due to elimination and concentration on company pension plans. Personal investing guide has replaced these plans as the preferred way to plan for retirement

Real estate investing book increases the knowledge and information in the real estate field. People who speak in real estate market are the people with experience in real estate industry. A real estate book which is introduced in electronic format is called as Real estate E-book.

A real estate investing book is a collection of paper, parchment or other material, bound together along one edge within covers that contain information about real estate investment business. A real estate book is also a real estate literary work or a main division of such a work.

A real estate investing book could be studied by real estate course students in the form of a book report. This book may also be read by a real estate professional or real estate business man who would like get more knowledge about some topic related to real estate. There are several recommended real estate investing books available for increasing your real estate investing knowledge and improving your real estate business.

Real estate investing book is one of the least risky types of investments books you can read. Rather than investing in hit or miss stocks that are sometimes unpredictable, real estate investing is a much more stable market. If you make a wise real estate investing book purchase, you will be able to increase your investment’s worth over time even if you put little or no knowledge or basic ideas into it.

The purpose of the Investing book is to supply all the necessary information so that you can obtain new skills and educate more yourself in real estate investing field, in order to get proven profitable results from your investments in the stock market! The Investing book intends to not only provide advice on investments for beginners, but also aims to offer fresh ideas for experienced investors. The Investing book also offers a list of investing terms and important phrases that the investors would need to be well-known with upon their embarkation into investments.

By: vknarayana

About the Author:

Find, Fund And Facilitate All Your Real Estate