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Can everyone be a real estate investor? In this world of limited commodities, limited population, and limits placed on everything and everyone by the grand scheme of nature, the obvious answer is no. The question is: Can YOU be a real estate investor? And the most important questions must be: Can you be a SUCCESSFUL real estate investor? Absolutely! But beware of the pitfalls.
Judging from the many investors with problem properties in today’s market, it’s obvious that a large number of folks have entered the real estate field anticipating massive profits from one or more real estate purchases just by the fact that they’ve bought an investment property. You’ve heard the saying that a little bit of knowledge can be dangerous; that’s perfectly true when a 30 year commitment is made to pay back a mortgage on an investment property.
The smart stock and commodities investors and speculators know all too well that the return OF capital is supremely more important than the return ON capital; in other words, it’s more important to get your money back than it is to make a profit on that money.
An “investor” called our office and offered to sell a house in south Dallas for $30,000; he claimed he had invested $39,000 cash and just wanted to get rid of it. He had not been able to sell it for a profit after a total rehab; it had been listed in the MLS for three months; finally, someone broke into the house and tore open the plumbing walls to steal the copper pipes. We determined his investment (read: problem property) was worth $10,000 to us but decided not to insult him with an offer that low. He was looking for return of some of his capital; he admitted he was willing to take a small loss.
An “investor” called our office wanting to sell his investment house in Garland. He lives in Oklahoma and was tired of driving back and forth to work on the house; it was almost finished, only a few things needed completion. He claimed he had spent $68,000 on purchase and repairs and just wanted to recoup his money. We determined the house would sell for $75,000 after rehab; as far as a rental or a flip house was concerned, he was already upside down and the repairs weren’t even completed. Without looking at the house we informed him that most seasoned investors would not pay more than $40,000 for it. He decided to complete the repairs and rent it; of course, managing one rental property that far away will be a challenge.
More people than we care to count have called our office offering to sell an investment property for just enough to pay off a mortgage. Out of all those calls, not one investor had enough equity to sell the house simply to pay off the mortgage, let alone to make a profit.
Any business must operate at a profit; that profit comes after ALL expenses and contingencies are taken into account. In addition, the business must be run by someone who is proficient, experienced, and capable of running the business. In other words, just because someone can inject a medicine or suture a wound doesn’t mean that person is a medical doctor, or that they can run a medical practice. That’s true with real estate investing. As with any business, how you begin can be the most critical step. Start out wrong and you’ll find yourself putting out fires and eventually becoming discouraged enough to quit…generally after much grief and a large chunk of economic loss.
Starting Real Estate Investing is the best guide for serious beginning investors. Astute beginners will not throw caution to the wind and attempt rarely attainable quick riches by taking unnecessary risks; they will start carefully, learn meticulously, and become wealthy as so many have done in the past. Here’s are key elements contained in this truly essential manual:
- The best way to get rich in real estate—without losing your shirt
- Protecting your capital
- Protecting your credit
- Selecting the right property
- Learning markets and their significance
- Understanding structures so you won’t overpay
- Deciding whether to become a bank or a landlord
- Remodeling and reselling—finding the best deals
- Rules of property ownership and control
- Avoid getting stuck in a paradigm
- Buying at auction
- Buying from banks and the MLS systems
- Why you might want to throw away your calculator
- Staying out of harm’s way
- Understanding money and those who would take it from you
- Other people’s money and other people’s loans
Learn from years of in-the-trenches experience
Maurice Dubois has been in housing since 1965. He has bought personal and investment property since 1968. His years in homebuilding, real estate and investing qualify him to write the definitive guide for those starting their investing careers—and for those whose careers did not start out as well as they’d expected.
A bargain if it saves you even one small mistake
One small mistake could cost you thousands. At only $39.95 it is the best real estate investing advice available anywhere.
Of course, you want a guarantee. Here it is: We offer a 45 day money back guarantee if you feel you can’t find value worth at least THREE TIMES what you paid for this complete beginning investor’s guide. Just one idea could save you tens, even hundreds of thousands of dollars if it keeps you from buying the wrong house for the wrong reason.
How to order Starting Real Estate Investing
To order Starting Real Estate Investing today and get started on the right foot to true real estate wealth without the risk, click on the link below to order through PayPal.
Try the book for up to 45 days. If you don’t feel you got enough ideas to start your real estate investing career on the right foot you will receive a 100% refund. Just let us know why the book didn’t work for you; why you couldn’t get any great ideas from it that got you on the right track to a rich and early retirement. Simply return the book in good condition.
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