Real Estate Investing Revealed

| Posted: 16-01-2008 | Comments: 0 | Views: 17 | Rating: (50)

(?)

Do you think there are great big secrets when it comes to real estate that nobody wants to tell you? Maybe you have thought that it would be great to be able to make some money with real estate, but you don’t know the first thing about getting started? Maybe you were like me and bought every real estate course known to man, read every book, listened to every tape, went to every seminar, only to find yourself more confused than ever and still not knowing the step you needed to take to get started and really succeed as a real estate investor. Well, let me share some of my own personal tips with you-things that I didn’t get in any seminar, book or tape. Things I learned after I just jumped into and started doing it.

The first tip is that it isn’t as hard as you may think. Some people think they need to know everything first. The fact is that you don’t need to read every book and tape out there-you just need to get started. I learned way more once I was into the business than any book or program out there could have taught me. Its obviously helpful to have a mentor who walks the walk and has been where you are looking to go, but that biggest hurdle is just getting started and making the decision to just do it!

The second tip is that you don’t need to have a lot of money down to get started. Many new investors use a hard money loan to make their first deal. A hard money lender will lend you up to 65-75% of the after repaired value of the completed project, using the house as the collateral. After you purchase the home, you can then rehab, refinance and keep for long term cash flow, which is a great long term wealth building strategy. You can also sell it or lease option at that point as well. You can even pick up the property, and then wholesale it to another investor. There are many exit strategies. However, you must go in having an exit strategy in mind so that you don’t get caught in a short term hard money loan that you cannot get out of. I always recommend that my clients get pre-qualified for backend financing (Before they even get the hard money loan), so that they are sure that they wont get stuck in an expensive loan that will eat up all of their profits if they are unable to refinance out of it when the time comes.

Once you have the profit from your first deal, you can do a 1031 exchange in order to defer the taxes and then of course purchase your next profit producing property. What a great money making cycle! Wouldn’t you agree?

My third tip and one of the best tips that I can give you about real estate investing is to never, ever pay too much for an investment property. I like to keep my purchase price under 65% of the After Repaired Value (ARV). You can always check the values with your realtor, but I also like to double check the values with a trusted appraiser, especially when you are trying to determine what the ARV of a property is. Although, I would never buy a property by only checking the values online, you can use many different online services to check values. My favorite is www.cyberhomes.com which is a free service.

There is really no magical secrets in investing in real estate successfully! It’s all in the numbers and numbers don’t lie! Bottom line, you buy it right and you win! You buy it wrong and you lose. It’s that simple!

Rate this Article:

Current: 0 / 5 stars - 0 vote(s).

Article Tags: Real Estate Investing, Real Estate Investment, Charrissa Cawley, Rei Conferences, Real Estate Coaching, Real Estate Investment Mentoring, Real Estate Investing Success

Article Source: http://www.articlesbase.com/real-estate-articles/real-estate-investing-revealed-306133.html

Print article

Send to friend

Publish this Article

Author feedback

About the Author:

Charrissa Cawley offers accurate and proven real estate strategies and motivational coaching to investors of all different levels. Cawley offers accurate and proven real estate strategies to investors of all different levels. For more Free Information, visit
www.REIconferences.com/freecourse.htm or visit Charrissa's Inner Circle Community at www.RewexClub.com

Submitting articles has become one of the most popular means of generating quality backlinks and targeted traffic to your website. Join us today - It's Free!

Article Comments

Add new Comment

Making Money in Today’s Real Estate Market
By: Charrissa Cawley | 18/01/2008 | Real Estate

Real Estate Investing - 101
By: Charrissa Cawley | 08/02/2008 | Real Estate

If You Want to Shoot for the Stars You Might Have to Jump!
By: Charrissa Cawley | 09/05/2008 | Real Estate

Best on the Web: How to Locate, Research & Fund Your Next Real Estate Deal!
By: Charrissa Cawley | 17/05/2008 | Real Estate

Why Every Real Estate Investor Needs a Virtual Assistant
By: Charrissa Cawley | 28/06/2008 | Real Estate

The Three Legs of Success
By: Charrissa Cawley | 04/01/2008 | Real Estate

Why Having a Mentor is so Important
By: Charrissa Cawley | 07/01/2008 | Real Estate

Making the Leap: Going From Full-time to Dream-time
By: Charrissa Cawley | 25/04/2008 | Real Estate

Got a Question? Ask.

Ask the community a question about this article:

Q&A Powered by:

Latest Real Estate Articles

The R.E.I. Revolution On The Internet
By: Damian Lanfranchi | 06/10/2008
Understand it and thrive. Ignore it, get left behind. I want to make sure that you truly grasp how the internet is revolutionizing the Real Estate investing world. It's absolutely critical to the success of your business. It's something that a lot of the Real Estate investors and gurus are missing the boat on when it comes to their real estate investing website.

Cyprus Property is Hot! But is it Getting Too Crowded?
By: Steven Clarke | 06/10/2008
The recent interest in Cyprus property has initiated a housing boom on the island. It doesn't matter where you go on the island, you can often hear the sound of construction in the background. Developers are scooping up land at an alarming rate trying to keep pace with the growing...

Dubai Property Strong Fiscal Growth
By: Editor-123 | 06/10/2008
Fiscal growth in Dubai is progressing by leaps and bounds and the real estate market is the major attraction of this place. In Dubai, you can find an endless list of buyers investing in real estate properties that are pocket friendly.

Different Kinds of Apartments and Flats – How to Find One That Suits You
By: aena18 | 06/10/2008
To have a beautiful home is everyone’s dream but in this 21st century to have your own home is not that much easy because now everything is available in high price rate. In this expensive world now, most of the people prefer apartments and flats as their home. Apartments have lots of advantages like there are lots of variety apartments are available in beautiful locations with affordable price rate.

Flower Mound Apartments
By: Alice Shown | 06/10/2008
If you are looking for an apartment as rent or you want to purchase a Flower Mound Apartment. Purchase Flower Mound Apartments in a planned manner. Consider the different factors. Do not take a decision without a planning.

Cedar Hill Apartments
By: Alice Shown | 06/10/2008
Cedar Hill is situated in a suburban area. Highways 169, 7, 394 and 494 can be easily assessed from the place. The building offers all types of facilities and services that can give you a comfortable stay.

The Inner Workings of Interest Rates for Owner Builder Loans
By: Chris Esposito | 06/10/2008
A good owner builder construction loan will have only one closing to cover the land purchase, construction phase, and conversion to your permanent financing. Therefore, the owner builder loan will have two sets of interest rates: one while you build, and one rate for when you move into your new home. Every owner builder should understand the inner workings of these rates when planning to build.

Information of Real Estate
By: rehan | 06/10/2008
Zammen-zaidad and propertycafeteria is a very nice and well portal and all the facilaties related to real esatate and property.

More from Charrissa Cawley

Clearing the Clutter & Organizing Your Real Estate Investing Business
By: Charrissa Cawley | 06/08/2008 | Real Estate
A typical real estate investor’s desk is littered with accumulated paperwork for a variety of projects that are in various stages of completion. There’s a new solution that can save you time, money, and clear much of the paper off your desk.

A Survivor’s Strategy to Thriving in a Tough Market
By: Charrissa Cawley | 05/08/2008 | Real Estate
TV news reports and newspaper articles almost universally tell the same Chicken Little tale: real estate is dead and only an escapee from an insane asylum would dare invest in real estate in the next two years or so. However, if you do your homework, the next two years or so could be the foundation for what could very easily become a multimillion dollar investing portfolio. The ball’s in your court!

Why Every Real Estate Investor Needs a Virtual Assistant
By: Charrissa Cawley | 28/06/2008 | Real Estate
Investing just pennies on a tool for your real estate investing business could offer you a rate of return worth hundreds or even thousands of times your total investment - that’s the kind of lasting impact a virtual assistant can have on your real estate investing business

Best on the Web: How to Locate, Research & Fund Your Next Real Estate Deal!
By: Charrissa Cawley | 17/05/2008 | Real Estate
If you’re tired of trying to put together a real estate deal that will move you closer to your ever-elusive goal of financial independence you need to put the power of the Internet to work for you.. Real Estate trainer and wealth coach Charrissa Cawley tells you how.

If You Want to Shoot for the Stars You Might Have to Jump!
By: Charrissa Cawley | 09/05/2008 | Real Estate
Your success in real estate investing is waiting on you, but in order to capitalize on it you have to take action. So, if something is holding you back, keep reading because I want to help get you moving so you can reach all of your dreams.

Making the Leap: Going From Full-time to Dream-time
By: Charrissa Cawley | 25/04/2008 | Real Estate
One of the toughest decisions you have to make when you're first getting started as a real estate investor is knowing when to pull the trigger and walk away from the stability and certainty of your full time job and fully embrace the excitement, the freedom and – the calculated risks – of full time real estate investing. So when is the right time to make the leap?

Real Estate Investing - 101
By: Charrissa Cawley | 08/02/2008 | Real Estate
This is the right time to invest in real estate, if you have ever thought about it. You may be thinking that since the real estate market is in the tank at the moment and that it can’t possibly be a good time to get into this market. But you couldn’t be more wrong!

Making Money in Today’s Real Estate Market
By: Charrissa Cawley | 18/01/2008 | Real Estate
If you have ever thought about investing in real estate, now is the time. You may be thinking that since the real estate market is in the tank at the moment and that it can’t possibly be a good time to get into this market. But you couldn’t be more wrong!

Article Categories

Article Marketing

Article Notepad

Stop Duplicate Content

Term Papers

Need Help?

Sign up for our email newsletter

Receive updates, enter your email below

Use of this web site constitutes acceptance of the Terms Of Use and Privacy Policy | User published content is licensed under a Creative Commons License.
Copyright © 2005-2008 Free Articles by ArticlesBase.com, All rights reserved. (4.38, 17)

Real Estate Investing Revealed

Article Comments

Related Articles

Got a Question? Ask.

Latest Real Estate Articles

More from Charrissa Cawley

Need Help?

Site Links

Webmasters

Business Info

Sign up for our email newsletter