Comments on: How to Start Real Estate Investing and Hit the Ground Running http://www.rexprofessional.com/how-to-start-real-estate-investing-and-hit-the-ground-running.htm Sat, 04 Sep 2010 16:44:29 +0000 hourly 1 http://wordpress.org/?v=3.1 By: contingentlaw http://www.rexprofessional.com/how-to-start-real-estate-investing-and-hit-the-ground-running.htm/comment-page-1#comment-1240 contingentlaw Sat, 05 Sep 2009 02:03:14 +0000 http://www.rexprofessional.com/how-to-start-real-estate-investing-and-hit-the-ground-running.htm#comment-1240 Most government grants are in blighted areas where they want to spur rehabilitation of neighborhood properties. As far as I know there are no federal grants avalable unless you are revitalizing a property which will end up on the national register of historic properties, but these would have little to no profit potential due to the high cost of rehab to get the property to standards. The local programs generally only give 5-20k for help in rehabbing homes, but unfortunately come with so many strings attached that you will be begging them to take their money back just so you can get them out of your hair. Once you invite them in, you many times lose the grandfather clauses on any number of code requirements that have been put in place since the particular home was built and you have to spend as much if not more than the grant money to get the place up to the government standards that they require in exchange for the grant. In my honest opinion, better to just get your own loan and go it alone.... Most government grants are in blighted areas where they want to spur rehabilitation of neighborhood properties. As far as I know there are no federal grants avalable unless you are revitalizing a property which will end up on the national register of historic properties, but these would have little to no profit potential due to the high cost of rehab to get the property to standards. The local programs generally only give 5-20k for help in rehabbing homes, but unfortunately come with so many strings attached that you will be begging them to take their money back just so you can get them out of your hair. Once you invite them in, you many times lose the grandfather clauses on any number of code requirements that have been put in place since the particular home was built and you have to spend as much if not more than the grant money to get the place up to the government standards that they require in exchange for the grant.

In my honest opinion, better to just get your own loan and go it alone….

]]> By: joe t http://www.rexprofessional.com/how-to-start-real-estate-investing-and-hit-the-ground-running.htm/comment-page-1#comment-1247 joe t Fri, 04 Sep 2009 18:53:23 +0000 http://www.rexprofessional.com/how-to-start-real-estate-investing-and-hit-the-ground-running.htm#comment-1247 cash flow, cash flow, cash flow, cash flow and cash flow. People that get into investment real estate hear all the stories about NO MONEY DOWN. But the problem is, that you lose money every month. Rents are less then expenses. My rule of thumb is that my PITI equals 50 percent (or less) of my gross monthly rent. The other 50% is NOT profit, but covers up keep and other expenses. On all my properties I have a positive cash flow and a ROI of around 14% per year (before taxes and tax breaks). cash flow, cash flow, cash flow, cash flow and cash flow.

People that get into investment real estate hear all the stories about NO MONEY DOWN. But the problem is, that you lose money every month. Rents are less then expenses.

My rule of thumb is that my PITI equals 50 percent (or less) of my gross monthly rent. The other 50% is NOT profit, but covers up keep and other expenses.

On all my properties I have a positive cash flow and a ROI of around 14% per year (before taxes and tax breaks).

]]> By: Jarsh http://www.rexprofessional.com/how-to-start-real-estate-investing-and-hit-the-ground-running.htm/comment-page-1#comment-1245 Jarsh Fri, 04 Sep 2009 01:32:28 +0000 http://www.rexprofessional.com/how-to-start-real-estate-investing-and-hit-the-ground-running.htm#comment-1245 Hi there, THE BEST AND CHEAPEST WAY TO LEARN REAL ESTATE INVESTING ON THE PLANET!!! Now is the best time in history to learn various ways to invest in real estate without using any of your own money. You sound extremely motivated. So I thought I would send you this website to read how to can join the best investor learning program and even start off for free. -If your like me and decide after a week or two that you want to get more information and come to our Live and In debt webcast. You can join as platium member.FOR LIFE!!! This will keep you motivated.... I joined as platium member for these reasons: .It's a Lifetime membership - unlike most programs are only 30 or 60 days .If you are on the call with millionaire John Alexander and you ask a question- You will get an answer .If you join under someone like myself- I become your lifetime sponsor .You will be introduced to over 15 different ways to make money without using your own cash I could go on and on So Here's the link and shoot me an email if you have questions..SIMPLY click on any hyperlink for a FRee video! CLICK ON THE LINK _ THEN YOU CAN click on Tour at the site... http://learnrealesateinvestingsecretsfree.blogspot.com/ START LEARNING NOW FREE ! http://weprovidethecash.com/?id=timesavers Looking forward to hearing from you! Warmest Wishes! Hi there,
THE BEST AND CHEAPEST WAY TO LEARN REAL ESTATE
INVESTING ON THE PLANET!!!
Now is the best time in history to learn various ways to invest in real estate without using any of your own money.
You sound extremely motivated. So I thought I would send you this website to read how to can join the best investor learning program and even start off for free.
-If your like me and decide after a week or two that you want to get more information and come to our Live and In debt webcast.
You can join as platium member.FOR LIFE!!! This will keep you motivated….
I joined as platium member for these reasons:
.It's a Lifetime membership – unlike most programs are only 30 or 60 days
.If you are on the call with millionaire John Alexander and you ask a question- You will get an answer
.If you join under someone like myself- I become your lifetime sponsor
.You will be introduced to over 15 different ways to make money without using your own cash
I could go on and on
So Here's the link and shoot me an email
if you have questions..SIMPLY click on any hyperlink for a FRee video!
CLICK ON THE LINK _ THEN YOU CAN click on Tour at the site…
http://learnrealesateinvestingsecretsfree.blogspot.com/
START LEARNING NOW FREE !
http://weprovidethecash.com/?id=timesavers
Looking forward to hearing from you!
Warmest Wishes!

]]> By: 99TJ http://www.rexprofessional.com/how-to-start-real-estate-investing-and-hit-the-ground-running.htm/comment-page-1#comment-1246 99TJ Fri, 04 Sep 2009 01:05:23 +0000 http://www.rexprofessional.com/how-to-start-real-estate-investing-and-hit-the-ground-running.htm#comment-1246 Your best bet are duplexes for rent or buying a house that needs a lot of cosmetic repairs. You just need to make sure you have enough money to pay the mortgage until it sells. The "real investors" purchase now and hold on until the market is high. Buy low, sell high pertains to real estate investor too. A real investor does not buy high and sell a little higher. Your best bet are duplexes for rent or buying a house that needs a lot of cosmetic repairs. You just need to make sure you have enough money to pay the mortgage until it sells. The "real investors" purchase now and hold on until the market is high. Buy low, sell high pertains to real estate investor too. A real investor does not buy high and sell a little higher.

]]> By: missthankyou http://www.rexprofessional.com/how-to-start-real-estate-investing-and-hit-the-ground-running.htm/comment-page-1#comment-1243 missthankyou Thu, 03 Sep 2009 10:29:22 +0000 http://www.rexprofessional.com/how-to-start-real-estate-investing-and-hit-the-ground-running.htm#comment-1243 Check out your local Real Estate investment Group ( http://www.reia.org/ ) or check out the Cashflow Clubs from Richdad.com -Angela http://www.ratraceclub.com Check out your local Real Estate investment Group ( http://www.reia.org/ )

or check out the Cashflow Clubs from Richdad.com

-Angela
http://www.ratraceclub.com

]]> By: Mike http://www.rexprofessional.com/how-to-start-real-estate-investing-and-hit-the-ground-running.htm/comment-page-1#comment-1242 Mike Thu, 03 Sep 2009 10:23:30 +0000 http://www.rexprofessional.com/how-to-start-real-estate-investing-and-hit-the-ground-running.htm#comment-1242 since each state has different laws and taxes, you did not say where. i bought some apartments in pennsylvania years ago, very good return and the write off each year is amazing. thing is, i have them very close to where i live so i can keep an eye on the maintenance and upkeep. i'm not a slum lord nor do i want to be. i had a rental house in florida, but it was too much of a pain. when it was rented it was profitable but you need to count on Realtors to rent it and they never keep an eye on it after they get their 2 months. no matter how bad the economy got, people still needed places to rent especially when they could not afford to buy. i am one of the few landlord that allow pets. sometimes that bites me in the butt, but in general people who would rather move than give up their pet, seem to be more responsible. my 6 apartments have been rented by the same people for the last 5 years...when i have a good tenant, i tend to lower their rent a few dollars, everyone is happy. good luck...whatever you put your money in, keep an eye on it yourself. since each state has different laws and taxes, you did not say where.

i bought some apartments in pennsylvania years ago, very good return
and the write off each year is amazing. thing is, i have them very close to where i live so i can keep an eye on the maintenance and upkeep. i'm not a slum lord nor do i want to be.

i had a rental house in florida, but it was too much of a pain. when it was rented it was profitable but you need to count on Realtors to rent it and they never keep an eye on it after they get their 2 months.

no matter how bad the economy got, people still needed places to rent especially when they could not afford to buy. i am one of the few landlord that allow pets. sometimes that bites me in the butt, but in general people who would rather move than give up their pet, seem to be more responsible. my 6 apartments have been rented by the same people for the last 5 years…when i have a good tenant, i tend to lower their rent a few dollars, everyone is happy.

good luck…whatever you put your money in, keep an eye on it yourself.

]]> By: sinceredollars2005 http://www.rexprofessional.com/how-to-start-real-estate-investing-and-hit-the-ground-running.htm/comment-page-1#comment-1241 sinceredollars2005 Thu, 03 Sep 2009 00:04:24 +0000 http://www.rexprofessional.com/how-to-start-real-estate-investing-and-hit-the-ground-running.htm#comment-1241 Yes, you can, but if you have never owned real property previously, you need to learn a lot before you get started. You will be dealing with people who do this type of work day in and day out. You will be dealing with Mortgage companies, Title Companies, your County (taxes and deeds), as well as everyday people who might know more than you do. There are forms, contracts, not to mention home inspectors, etc ... If I were just starting out now in real estate, I would do these three things first - 1. Learn how things are done in your part of the world. This includes all of the paperwork involved. 2. Find out how much it really costs! Title companies charge more fees than just about any other business I have ever seen, but they are very good at what they do, you definitely get what you pay for. This is not the area to cut corners. 3. Make sure you don't overlook the best deals. When I started out, I worked the area within 10 miles of my home and missed out on a lot of opportunities. If I had been willing to do a little more driving, I probably could have had an easier time because I would not have been limiting myself geographically. Yes, you can, but if you have never owned real property previously, you need to learn a lot before you get started. You will be dealing with people who do this type of work day in and day out. You will be dealing with Mortgage companies, Title Companies, your County (taxes and deeds), as well as everyday people who might know more than you do. There are forms, contracts, not to mention home inspectors, etc …

If I were just starting out now in real estate, I would do these three things first -
1. Learn how things are done in your part of the world. This includes all of the paperwork involved.
2. Find out how much it really costs! Title companies charge more fees than just about any other business I have ever seen, but they are very good at what they do, you definitely get what you pay for. This is not the area to cut corners.
3. Make sure you don't overlook the best deals. When I started out, I worked the area within 10 miles of my home and missed out on a lot of opportunities. If I had been willing to do a little more driving, I probably could have had an easier time because I would not have been limiting myself geographically.

]]> By: mytfyne79 http://www.rexprofessional.com/how-to-start-real-estate-investing-and-hit-the-ground-running.htm/comment-page-1#comment-1244 mytfyne79 Wed, 02 Sep 2009 14:00:29 +0000 http://www.rexprofessional.com/how-to-start-real-estate-investing-and-hit-the-ground-running.htm#comment-1244 I think you should wait until you are able to be more aware of what is happening in that state you want to invest in. It's kind of like being blind to what's going on if you can't be there for a while. I think you should wait. The market will always have a favorable time again to buy if it changes. I think you should wait until you are able to be more aware of what is happening in that state you want to invest in. It's kind of like being blind to what's going on if you can't be there for a while. I think you should wait. The market will always have a favorable time again to buy if it changes.

]]> By: kscavarda http://www.rexprofessional.com/how-to-start-real-estate-investing-and-hit-the-ground-running.htm/comment-page-1#comment-1239 kscavarda Wed, 02 Sep 2009 01:28:54 +0000 http://www.rexprofessional.com/how-to-start-real-estate-investing-and-hit-the-ground-running.htm#comment-1239 Have you heard of Robert Kiyosaki, who wrote a book called Rich Dad, Poor Dad? check out one of his books @ the library, read it, and then go signup up for RichDadWorld.com - there is free information there on how to start. Best of luck to you. Have you heard of Robert Kiyosaki, who wrote a book called Rich Dad, Poor Dad? check out one of his books @ the library, read it, and then go signup up for RichDadWorld.com – there is free information there on how to start. Best of luck to you.

]]> By: ecgdgz z http://www.rexprofessional.com/how-to-start-real-estate-investing-and-hit-the-ground-running.htm/comment-page-1#comment-1238 ecgdgz z Wed, 02 Sep 2009 00:43:13 +0000 http://www.rexprofessional.com/how-to-start-real-estate-investing-and-hit-the-ground-running.htm#comment-1238 NO they are all scams - enlist the services of a realtor or real estate attorney and find a really smart mortgage broker who is a member of the National Association of Mortgage Brokers. Several of those "get rich quick investing programs" are under investigation by the states and federal Attorney generals offices- www.FTC.gov NO they are all scams – enlist the services of a realtor or real estate attorney and find a really smart mortgage broker who is a member of the National Association of Mortgage Brokers. Several of those "get rich quick investing programs" are under investigation by the states and federal Attorney generals offices-

http://www.FTC.gov

]]>