Towards Wealth.Com

This article covers the first consideration or decision a real estate investor needs to make. The second is finding the money and then getting started.

The most common statement I hear as to why more people do not buy real estate as an investment is that they don't have any money to get started with. Over the centuries this problem has been at the forefront of why more people have not become rich.

You can learn to think and act like the rich people do. Thinking rich is applying the idea that in every decision you make, every action you take, there are opportunities to improve your lot in life. Rich people, have the habit of taking their financial future into consideration in all of their decisions. It is this thinking, this learning, this understanding process, and their willingness to be proactive that makes them richer.

You can buy real estate with zero down. I do not recommend this unless you know what you are doing, and only if you have a plan of what you will do if your best laid plans go eyry.

Banks have tightened up their lending underwriting requirements. They typically want to lend 70% to 80% of the cost of the property not of the appraised value. This greatly reduces your access to funds. Thus more innovative financing is in order.

These are the ten most common errors made by beginning real estate investors.

I will presume that your goal is to get richer by investing in income producing real estate. I recommend that you start with a one or two-tenant property. Read the complete article on getting started at this link.

Today we made an offer to purchase a commercial office building.

I do not often recommend books to my readers, but for all you beginners there is one that is basic and important.

"What every real estate investor needs to know about cash flow"

I am reposting this blog post because I ran across some folks doing this again and it reminded me of how proitable it can be.