may I become rich in real estate from 0 this year, tell me how? I need ideas and facts.?
402439
Depends on your definition of rich. Are you looking for equity rich, or income rich? Are you looking to invest to keep, invest to rent or invest to flip. Obviously there a lot of questions that need to be answered first before you can make a determination on the path to take. A detailed business plan would be the best route for now. You can acquire wealth through real estate (a lot of people have), however they all have either researched the path or constructed a business plan to obtain those goals. Your question seems to ambiguous for a specific answer. If your just interested in swapping ideas, then you can contact me directly and we can swap ideas.
70156
Do you mean "How can you get the list of properties?" Or do you need to know the different laws in different states? Or do you need to know the stratagies? A more detailed question would garner a more specific answer. DO NOT subscribe to one of the services that says they can get you listings of foreclosed properties in any state. These are usually HUD and Sheriff sales which are all avaiable fee through other sources. \n\nMy suggestion to you is to check out the site I list in sources. It's for real estate investors and can give you some leads, plus there is a place there where you can ask questions of other investors. Then, I would put together even a rough business plan and identify the areas where you want to invest. BTW, the best place to invest, especially if you are a beginner, is right in your own back yard. Until you know the ropes in this business, investing and conducting business from a distance can be very trying and expensive.\n\nI wish you the best in all you do in 2006. Happy New Year.
954564
I have a lot of money invested in real estate. My advice: don't take on partners you don't know well. They will try to screw you legally. You must be in this for the long term. The short term boom has now passed. Buy low and hold tight until the next sellers market in about 3 years depending on a variety of things. Good luck.
321925
Absolutely!!  You can either live on one side and have tenants live on the other side who basically pay your mortgage via their rent.  Or, if you are not going to live there, one half pays the mortgage, and the other have is positive income.  On top of that, house values go up basically every year.  So yes try to invest in MANY multi units, you will get very wealthy!
16800
I suggest you look for a class at a local college, community center, brokerage (like Schwab) or online tutorials.  Be careful as brokers will tell you they will make your money grow but be sure to ask that IF you are so good why do you work for a living vs. make yourself millions?
280533
there are multiple answers to your question so I'll give a few examples, some take time, and other's take more money, you can choose what is best for you.\n\n1. one way is to just buy a house to live in and hope it appreciates in value. Over the past 5 years appreciation on real estate has gone through the roof. That trend is slowing down though, so probably isn't the best solution. (However, owning your own home has very nice tax benefits when filing for your tax return, so owning your own home is a very good idea anyway).\n\n2. Rental property. Find a multi-family home, which is generally a regular to oversized house with multiple apartment units in it (about 2 to 4 units). This is an excellent revenue generator, but also comes with some headaches of dealing with tennants. If you don't mind investing in lower income areas, buying a home in a lower income area and accepting section 8 residents (residents using section 8 government help have their rent checks go directly from the government to the landlord), can take a lot of stress out of being a landlord considering you never have to haggle over rent.  The other issue with that is maintaining the property. It helps to be handy to keep maintenance costs low, therefore increasing your profit.\n\nThe other good thing about that is that lower income areas generally tend to go through a revival at some point where the govt looks to renovate an area, by putting a civic use building in the area or just injecting the area with some money (such as a sports stadium or office buildings). When this happens the value of the properties surrounding it go up, which would build equity in your place. \n\n3. Flip a house. Flipping is the biggest risk/reward situation. You never know what you are getting when you buy a house at auction, but then again, you are getting a piece of property that will turn a big profit when you are done if the project is done right. Since you can't get in the property or do a thorough search of the structure, you don't know what lies in the walls and under the floors. You could have some serious damage in the house, which is a nightmare to fix. The biggest prizes are houses that just need cosmetics done such as new floors, bathrooms, kitchens, some nice paint and some landscaping. These can all be done relatively inexpensively (compared to structural work), and can turn a hefty profit.\n\nEach scenario is different and you have to do what works for you. None are easy and they all take patience. The easiest one to do is to buy a multi-family house and live in it for a year while you rent out the other units (a mortgage for a primary residence is the easiest to get and less of a hassle). After a year or so, move out and rent the unit you lived in, and take the money you made/saved in that period of time and put it into another house.
998362
depends on where about you setup - add up rent, rates, taxes, etc then look at the area - can they afford the prices - then workout the minimum you need to survive - do market research to see how much you'll sell..  it goes from there - but roi is usually high.
711483
Hello,\n\nI completely agree with wanting to invest your money.  Afterall, what's the point of making money if you can't make more money with your money (got that?)?  Anyway, I've tried all different investments from stocks and bonds to IRA's, 401k's, and real estate.  I'm really a big fan of diversification.\n\nHowever, the only investment I've really been happy with so far is real estate.  Over the past 5 years, I've bought 3 different properties (all have tenants, and I'm making more than the mortgage payments on 2 properties).  \n\nThe 3rd property I got  was using Carleton Sheets no money down methodology (he's a GURU in real estate, and yes, his methods do work!).  You can actually buy a property for absolutely nothing down (NO MONEY FROM YOUR OWN POCKET).  I payed over $500 for his course 3 years ago, and I just saw it online for $9.95!!!!  This is a steal at $9.95 (I'm actually going to buy it for my friends for Christmas).  It was featured on TV, so I got the website from there.\n\nBefore you invest in anything, I highly suggest the Carleton sheets course.  http://www.alllsite.info/real-estate.php
29372
"Be Wise And Advertise". \nVisit local real estate offices and meet with the agents and their manager. Ask them for business, and when they call you follow up with them the status of their request. It's all about service and delivering a great results. This will grow your business fast. Also go to trade shows in your area, pass out your business card with additional information.
925959
I don't have real estate background.\n\nI change career and am now into MLM. If you are changing career, I encourage you to explore it too as an option. \n\nA website I recommend is www.network-marketing-works.com.
427987
First: Work on having the wealth builders mind-set. You have to believe that you will become a financially secure "rich" person and never doubt yourself. It all begins in your mind.\n\nSecond: Become financially literate. Education is the key. Learn how to make money, mange it and grow it.  Rich people know how to make money and grow it...that's why they are "rich".\n\nThird: Plan on becoming a business owner and an investor someday and NOT work as an employee. How many "rich employees" do you know?  \n\nFourth: Make a hobby out of becoming rich because its going to take a lot of time, work, money and effort. How many lazy people do you know who are rich? So make the whole process a hobby and have fun with it.\n\nFifth: Become rich for the right reason. Like to take care of your family and to be able to help others who are in need. knowing that you may someday have the financial means to help others will help keep you motivated. \n\nRead books and listen to audio tapes that are published by people who are wealthy business owners and investors. They give you direction, valuable information and tips.  Start with the basics...Robert Kiyosaki's "Rich Dad Poor Dad" and read all of his other books. Read or listen to the audio book Millionaire Next Door by Thomas J Stanley.  Also, read bios on wealthy people like Warren Buffet and Donald Trump.  \n\nWealth building information is actually free online and offline. All of the books and audio books that I've listed on this post are best sellers so most can be found at public libraries. \n\nBeing a "rich" person, "middle-class" person or a "poor" person is simply a reflection of whats going on in your mind. Change your mind-set and you change your life. \n\nAnswer this question..."What really separates rich people from the poor and middle-class?  Answer: Their mind-set. \n\nRich people are really no different from anyone else. They just used their "mind"  and do what's required to make a lot of money. The broke and middle-class use their minds to look for jobs and follow employee manuals. \n\nI'm a business developer and I help people start their own internet business. You can contact me if you want to start your own business online. I can help you with the process.\n\nGood Luck!
1016486
Here is an article I wrote about today's buyers market:\n\n2006 Year of the Buyer!!\n\nLets start with some facts from year 2005. Last year, we had a strong economy and we also enjoyed very low interest rates. Interest rates were the lowest in 2003, even though they have been creeping up each year gradually, the combination of low interest rates and strong economy fueled the housing boom; which seemed to have ended in 2005.\n\nFor 2006, seller’s need to keep in mind that the party is over. If you were holding onto your property in 2005, hoping to make more money in 2006, I got news for you: “You missed the boat.” But there are many things you can do still to enjoy the profits from the sale of your home like fixing up your home, replace that old carpet, repaint the house, etc, etc.\n\nI hope my readers (sellers) don’t think that I am trying to put them into panic mode. I am just trying to make you understand that in most areas you cannot hope to sell you home for the same price you could have sold in the middle of 2005. Prices have dipped a little and they are taking longer to sell but we still have a healthy normal market, which is where we really needed to be. Last couple of years were not normal markets, it was mainly a seller’s market but it got out of control in some areas of the country where they saw too much appreciation for their own good.\n\nI am NOT telling you that the market “bubble” is going to burst but it is definitely deflating and this my friends, will give buyers a very good chance to get a good deal on a home.\n\nPurchasing a home is an excellent investment, the Government subsidizes it, we still have low interest rates and over all Real Estate is the best investment you can ever make in your life.\n\nIf your are currently thinking but have not yet decided to buy a home, you should know that by the end of the year interest rates will be close to 7%, therefore you need to be very well prepared and do your homework early.\n\nIf you are currently thinking bout selling your home, understand your local market and do the fix ups and repairs needed to entice homebuyers and remember that buyers don want to spend more money on a home after they bought it.\n\n*********************\n\nYou can also find an article about the so called "buble" in the Real Estate market I wrote back in November 2005 and still stands\nFollow this link http://jrealestate.blogspot.com/2005/11/real-estate-market-bubble-burst.html
679227
network! network! network!  tell all your family and friends, tell all the Real Estate Agents you know- and giving them gifts doesn't hurt either. Oh and make friends with with Real Estate Agents, they're a good source for leads.  \n\nIf you need help help creating "stronger" buyers, I have a product that can increase credit scores by 50 points in 60 days guaranteed. Typically my clients get 100point in 45 days...
832085
Congratulations on venturing out on your own!\n\n1st - don't quit your day job.  Try to get a job in the industry that you want to have your own business, and get out there and make contacts.  \n\n2nd - take a class in business management at the local community college.  And take a class in realestate investment (you may not be investing but you want to know the mindset of your clients - they invest in the property only to rent it out)\n\n3rd - keep tight financial records - including how much of your home you use for a home office, how much phone time, etc.  At the end of the year you can write this off - provided that you have obtained a business license.  I would consult a professional tax prep for this, and do not wait until the last minute.\n\n4th - don't skimp on advertising or promoting your company (I am not saying take out a full page full color advertisement - but do go for a higher end business card or brochure).  You want to look like you are already successful - bees don't flock to a flowerless plant.\n\n5th - understand that you will make mistakes, learn from them and go on.\n\nGood Luck!
972496
Read books on the subject at the local Barnes and Nobel. Also, check out this website: www.reiclub.com.\n\nDon't listen to anyone who says it can't be done in this market. In fact, if you find a good deal in San Diego and tie up the property, I'll buy it from you. \n\nRegards
412919
Despite what late night infomercials tell you, most people do not get rich over night. Gaining wealth takes time and requires smart choices.\n\nFor the long term -\nInvest in your company's 401k or pension plan. Open an IRA or a ROTH IRA. Start saving money regularly in a high yield savings account. Pay off your credit cards. Real Estate has traditionally been a great investment, so if you can afford it, buy a house or condo. Live within your means. \n\nFor the short term -\nRun a side business. My wife and I do eBay - you'd be amazed at what some people will pay for things you'd never use or throw away. Shop yard sales, store closings, flea markets or discount stores and re-list the items for higher prices. Be sure to set it up as business with the government - you will be surprised at how much you can write off on your taxes when you run your own business from home (utilities, mortgage payments, mileage, etc).
701253
The best routes to take are to research the process of starting a business as well as the industry you're interested in.\n\nAssociations may be a good avenue to explore. These organizations will address many of the thoughts, questions and concerns you'll inevitably have as well as many you haven't anticipated yet. See the source box for some relevant links. \n\nResearch, research, research – this cannot be stressed enough. Read as much as you can about the industry. Here are some book titles that are relevant:\n\n* Your First Year in Real Estate: Making the Transition from Total Novice to Successful Professional by Dirk Zeller\n* 21 Things I Wish My Broker Had Told Me: Practical Advice for New Real Estate Professionals by Frank Cook\n* Complete Idiot's Guide to Success as a Real Estate Agent by Marilyn Sullivan\n* Real Estate License Exams For Dummies by John A. PhD, DREI Yoegel\n\nThere are plenty of free informational resources out there. Check the source box for links to articles.\n\nHope that helps! I wish you much success & happiness in all your ventures!