Bob Massey of www.TheAgentMagnet.com explains how real estate investors can benefit and profit from the 2009 Stimulus Bill. fpllctam09
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Bob Massey of www.TheAgentMagnet.com explains how real estate investors can benefit and profit from the 2009 Stimulus Bill. fpllctam09
This is part 2 of Mentor Trace Trajano’s Think Rich Quick Seminar putting Jay Castillo of www.forreclosurephilippines.com on the spotlight and let him share some of the wealth available in foreclosures. Jay Castillo is an IT Manager by profession and is now concentrating on Real Estate Investing. I can’t help but admire this mild mannered guy. Appreciate the opportunity to meet and listen to him. =)
Experts believe that real estate development and building will produce some $25 trillion in revenue between now and the year 2030. Most also agree that most of that revenue will be filtered into and through the top ten megapolitan areas in the United States. This amount of revenue will completely eclipse the building boom that followed World War II and means an unprecedented amount of growth and opportunity for investor.
If you were a real estate investor watching the real estate boom of early 2000s closely, you could have predicted the foreclosure investing opportunities that would become available today in virtually every real estate market in the country.
In the last two years mortgage lenders have been reporting dramatic increases in defaults and foreclosure rates nationwide causing many sub-prime lenders to go under. But that’s just a tip of the iceberg.
Will You Be Able To Capitalize On This Foreclosure Boom?
With foreclosures due to reach record levels in the US in 2008, this is a fantastic time to be a creative real estate investor! Not only are you in a position to genuinely help people who are struggling under the growing weight of a sub-prime mortgage, for example, but you can also make significant amounts of money in the process.
Whatever strategy, or strategies, you favour – flipping or fixing, owner financing, real estate notes – 2008 has the potential to be the year when you make your fortune.
One of the first things people looking to start investing in real estate generally ask about is how to find investors, or how to generate the capital to do their deals. While a traditional bank or mortgage lender can be of some help, most real estate investment companies today use other options for funding. Two of these options are known in the business as “hard money” and “private money.”
Hard Money
How to Buy Property Virtually No Money Down. Find out more at www.SystemDayTrading.com. How to Build a Property Portfolio of Ten Properties or More Within Ten Years, Plus Free E-book “What I Didn’t Learn From My Real Estate Agent But Wish I Had”. What does it take to become a property millionaire today and how do you build a successful portfolio to achieve financial independence in less than 5 to 10 years using little or none of your own money? And is it possible to buy property at real discounts to market value making instant profits? The property market has created tens of thousands of Australian millionaires over the past 10 years. Average Australian’s who have had the fortune and foresight to secure their financial future by purchasing real estate are seeing their investment massively grow in value, sometimes by hundreds of thousands of dollars per year.
Choosing the right IRA real estate investments requires having a lot of knowledge. That is not the idea of this article though. Do you know how to use an IRA real estate investment to manage, purchase or sell in today’s volatile market? Do you have any knowledge of the positive and negative aspects of lending your IRA vs. purchasing rental property turnkey or by completely looking after it by yourself?
Investing in IRA real estate investments makes good sense when looking to diversify your portfolio. If you have all your IRA holdings in stocks and bonds and the market plunges or bond rates fall, you could be holding a near empty nest egg when you need it most –at retirement age.
One way to help communities is with IRA real estate investments. Companies that specialize in self directed IRA’s know all about real estate investments, but not all of them will point you towards investing in helping others.
The real estate marketplace can fluctuate dramatically and unpredictably leaving as many stories of failure as there are stories of success. The best way to help stack the odds in your favor is to have a solid real estate investment business plan. A business plan is a detailed outline that includes a clearly stated objective and a how you are going to achieve that objective – in this case real estate. It should contain methods of securing financial support, either through partners or loans, and be able to describe ways of limiting fiscal risks. It should also list certain criteria that will distinguish between investments that are likely to provide a profit and those that are likely to create a loss. Finally, it should delineate clear methods of procuring a steady stream of buyers.