|
|
|
Euro Tax Haven Threat
Media reporting of a new EU savings tax directive has left many people wondering whether European tax havens could soon become obselete.
The July directive requires banks throughout Europe, including low and no tax areas such as Gibraltar,...
Home Mortgage
A home mortgage is worth consideration. It refers to a long-standing credit that a debtor obtains from a financial institution or from a property seller.
In common, the house is the usual collateral for the mortgage, thus the term "home...
Investing In Real Estate
Once you purchase your first home you realize the satisfaction in owning a piece of real estate. For many people their interest doesn’t stop there and they decide they’d like to continue investing in real estate beyond the home they live in.
...
Virginia Real Estate – Living In History
Virginia has played a central role throughout the history of the United States. With reasonable prices, you can live in the middle of it with Virginia real estate.
Virginia
The historical significance of Virginia is simply unmatched in the...
When You Want To Purchase Real Estate, Write An Offer!
Yes, write an offer for the real estate you wish to purchase. Sounds easy, doesn’t it? Well, it is more difficult than you might think. It’s not impossible, but there are a lot of things you have to include in an offer to purchase real estate. Think...
|
|
| |
|
|
|
|
|
|
The Truth About Real Estate Investing? Is It Right For You?
You have probably been hearing, seeing and reading that real estate investing is the best thing since sliced bread. There are many late night cable television infomercials spewing out sales pitches for courses that teach you how to buy residential real estate no money down or for next to nothing. Furthermore, polished pitch men on the advertisement emphasize that it is so easy that anybody can do it. They smugly show you that it is simple as they pencil out on the back of a napkin how you will supposedly make a fortune in real estate. Then these real estate investment course promoters show ?actual? interviews of people who have reportedly made gobs of money with the course system.
Although it is true that fortunes can be made in real estate it is actually more likely that it will be the guru owner of the real estate course than you! The reason is that real estate investing is a lot harder than most people realize. When you buy, rent, and sell real estate as opposed to stocks you are dealing directly with people and there is not organized exchange to keep things standardized. Don?t forget that courts see it as their duty to protect the shelter of families even if they are non paying renters who are total deadbeats. Another problem is that many contractors who do odd fix up jobs for real estate rehabbers are drifters with as many personal and financial problems as bad tenants. They damage houses and are down the street as soon as they get a little cash out of the hapless real estate investor.
It also takes many years to learn
how to properly assess value in a town or neighborhood and get the required experience in real estate closings to not have the big profits you initially think you see in a deal leak out. The key point of this edition of the ?Wallet Doctor? is that real estate investing is a business. Like any other business it requires constant dedication and education. If you work full time it means losing your free time to your rentals and rehabs. If a property doesn?t sell or if the tenant doesn?t pay you will have to lose part of your salary to cover the mortgage. You should enjoy your regular full time job because you selected it. If you prefer cookouts and trips to the beach over collecting rent and repairing your residential real estate investment then the stock market is a better place for you.
Ps. If you are interested in real estate investing I have a list of reliable real estate investing courses as well on my website!
About the Author: Dr. Scott Brown, Ph.D., the Wallet Doctor, is a successful investor. Dr. Brown holds a Ph.D. in finance. The Wallet Doctor is sought after for investment advice and coaching. For more information visit Dr. Brown?s site at http://www.BonanzaBase.com or sign up for his investment tips at http://www.WalletDoctor.com
Source: www.isnare.com
|
|
|
|
|
|
