Johny Riches, Why Real Eate is the most secure investment one can make!
Why Real Estate is the most secure investment one can make?
By Johnny Riches
1. There is no more being created.
2. Real Estate for the most part will always be there.
3. It's easy to leverage.
The world only has a finite amount of real estate even though the population keeps increasing. As the population increases, real estate will be harder to come by which makes real estate more valuable. As time goes on property value will increase due to the demand of larger population, not to include inflationary periods like in the 80's.
Unless there is a catastrophic event real estate you own will always be there. Even if there is a catastrophic event most are covered by insurance.
Leveraging other people money is your key to real estate investing. No other investing opportunity allows you to leverage as much as real estate does. You can leverage as much as 105% of the property value. Some may say well what about the stock market. It's not even close. Federal US law prohibits leverage over 50% of the stock market. Real estate is your key to the future if you play your cards right.
I will assume you have very little disposable income in these three phase descriptions.
1. Flipping or quick turning properties. Although some say this is illegal it is perfectly legal if you do it correctly.
2. Rehabbing houses that are in a major disarray (aka ugly houses)
3. Rental properties.
a. Residential real estate rental properties for the beginning investor
b. Commercial real estate rental properties for the more seasoned investor.
You should not do one phase without doing the one before it. If you skip a phase you will not have the underlying knowledge to efficiently and effectively do the next phase. If you skip a phase and more directly into rental properties you will not know how to purchase a house for very little money, and you will not know how to cheaply fix a rental property to get it rented.
Phase one is commonly called wholesaling houses. If you do this correctly and never find a buyer for the property will never have to take ownership. You will only loose your deposit of earnest money in the worst case scenario. Yes, this makes it fairly safe foe you to go out and make as many contract as possible. Using my system you will only loose about $100-$250 for each house that falls thought. With that said, I don't want you to ever loose any money. I find buyers for properties before I find the houses. This way I'm sure I will sell the house. Yes, every once in a while a deal falls thought. I'm in phase three though. If it falls though on me I can purchase the property to rehab it or turn it into a rental. As a new investor I encourage you not to skip to phase two or three without having done several deals in the previous phase. Some of you might think well if I let this deal fall thought then I've given myself a bad name. Yes that is true. But be honest and truthful to your client when you do the deal. Tell them your buyer was able to purchase the house. I am sorry for your trouble you may keep the earnest money as good faith.
Phase two of Johnny Riches Real estate investor phases continues in the next article. Please checkout www.JohnnyRiches.com for more information Real estate and other topics. If you would like to contribute articles on this subject or many other subjects please feel free to contact us at articles@johnnyriches.com.
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