If youve been thinking about beginning real estate investing for a while, but havent made any actionable steps toward making the first start, youre not alone. There are many people who would like to get started in real estate investing but keep putting it off for one reason or another. Some people are intimidated by the thought of getting involved with something as obscure as property investment.
Most people only purchase one house during their entire lifetime and even this is being generous. There are some people who never purchase real property. It is likely that this is the kind of thinking that causes you to procrastinate beginning investing in real property. If you want to make progress towards your goal of beginning real property investing, you must first put aside everything that is hindering you from making the first step.
The first thing you need to do is figure out what has been keeping you from beginning real estate investing. Once you know this underlying reason, then you can begin taking steps to become more comfortable with beginning real property investing. There are some obstacles that are common among new investors.
Lack of training and understanding is one thing that might be keeping you from beginning real estate investing. If you feel like you dont understand the world of real property investing well enough to make a start, then you can take steps to familiarize yourself with the components you do not understand. There are a number of resources available to provide you with the information you need for beginning real estate investing. You can purchase books, use the internet, or attend a training event to get more information about real property investing.
Another reason that many people are afraid to take the first step in beginning real estate investing is because they feel they do not have the cash necessary to get started. One thing that you should understand before beginning real property investing is that there are many ways you can get started in real estate investing without having any money. In fact, many experienced investors will tell you that you should never have to put any of your money into a deal. There are many creative real property Investing techniques you can use so you never have to come up with cash yourself. Conduct research on some of these techniques to learn more.
One way of beginning real property investing without much risk is to first work as a birddog. Essentially, a birddog is someone who informs other real estate investors about investing deals. The investor then pays the birddog a referral fee once the deal has closed. Being a birddog gives you experience with locating investing deals. Once you are comfortable with locating deals, then you can begin closing the deal yourself.
Beginning real property investing is not as easy as it first may seem. There are a lot of details that make many new investors weary of getting involved. If you first figure out the aspects of investing that cause you to be fearful, then work on settling those issues, it will make beginning real estate investing easier.
T J Madigan
http://www.articlesbase.com/non-fiction-articles/in-the-beginning-real-estate-investing-128024.html
What is the most easiest way to get into real estate investing?
What are some ways to begin in real estate investing with litttle or no money? Can you start in real esate investing with no money?
You cannot start any investing with no money.
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my advice would be to come up with enough money to put a significant down payment on a property with a very low interest rate. You will be able to rent the property and make your payments, but keep in mind if it is not rented, that money comes out of your pocket. So, the more you can put down and keep your payments low, the less likely you are to have to use your own money. Also, if you get the first property paid for in full then hopefully you got a good deal on the property and can open up a home equity line of credit which will then allow you to buy more properties without putting any more money in.
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real estate investor
You should try to define the term "investing" more specifically. Look at the first 5 words in the definition.
What Does Investing Mean?
The act of committing money or capital to an endeavor (a business, project, real estate, etc.) with the expectation of obtaining an additional income or profit. Investing also can include the amount of time you put into the study of a prospective company, especially since time is money.
Investopedia explains Investing
Investing is the key to building wealth, but investing in and of itself is not enough. You have to invest wisely!
6 Steps to Becoming a Successful Real Estate Investor
by Robert Kiyosaki
Part 1 http://youtube.com/watch?v=js2zfrrixvi&m...
Part 2
http://youtube.com/watch?v=fnmbp3arvuw&m...
Part 3
http://youtube.com/watch?v=yedk0hgjdga&m...
Part 4
http://youtube.com/watch?v=asxtj6vzuku&m...
Part 5
http://youtube.com/watch?v=6dew4tctji0...
Part 6
http://youtube.com/watch?v=asxtj6vzuku&m…
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http://www.investopedia.com/terms/i/investing.asp
Learn the basics first:
How to learn Mortgage Basics
http://www.ehow.com/how_5850525_learn-mortgage-basics.html
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The best way to get started is to do as much research as possible. Yahoo groups has many free groups to get good info on real estate investing, try the CREI-Alliance on yahoo groups. There are ways to get into real estate deals with out any of your own money but understand it does take money for a real estate deal to go through it just does not have to be your money.
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yahoo groups CREI-Alliance
Google Ron Legrand. He is the best teacher on how to make money in real estate with no money.
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http://www.mrjmassey.com
He’s done it and has taught others how as well.
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Join a real estate investing club if there is one in your area. The education is priceless.
Find a wholesaler…these are mostly the guys that have the "I Buy Houses" ads on the street corners and newspapers.
Find a lender who will lend based on Appraised Value rather than on Purchase price. This is not easy to do, but it is possible. You can also work with Hard Money Lenders…steep rates, but often worth it.
My first deal was a house from a wholesaler. It appraised for $51,500 and he was selling it for $26,200. (He got it from a bank for $10,000 I later found out).
I had a hard money lender loan me all the money and then refinanced one week later (which is not easy but can be done) and cashed out at 80%. The hard money lender arranged everything.
In short, I bought a house for $32,000 ($26,200 plus fees and closing costs) with hard money. Refinanced at $42,000. Left closing with approx. $10,000 (42k-32k) and still had almost $10,000 in equity. Not one dime of my own money.
References :
Real Estate Investing http://www.realestateinvestingrichesroadmap.com/