Real Estate Investing in Rentals – the $10 Million Real Estate Investing Mistake
*** Our favorite Tenant Management Books ***
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Renting to tenants is no longer "where the money is" for real estate investing. I became a multi-millionaire landlord in the 1980s by buying $10 million in rental houses. Yet, I consider this real estate investing approach the biggest mistake in my real estate investing career. I call it my "$10 Million Mistake." Back then, real estate investing in rentals was buying a house, renting it to tenants for a rental fee that covered the mortgage, and waiting for an increase in value. Interest rates were as high as 25%. Inflation was rampant. You could buy a house, and it would almost double in value in 10 or so years. Boy, have things changed in real estate investing! Interest rates have recently been the lowest in 46 years. Inflation is flat. The same rental house in some areas is appraising for less today than it appraised three years ago. The major profit to real estate investing in rentals is the pay-down of the mortgage by the tenant. Otherwise, profit comes from the difference between the rental fee and the mortgage payment. One month vacancy per year, which is not uncommon, might convert into an annual investment loss, even if (1) tenants don't leave owing rent, (2) the property is not damaged, or (3) repair cost is negligible. All of these possibilities are very unlikely. One month vacancy per year can eliminate usage profit for the year. Spend your time on fix up repairs, even part time, and you go more in the hole. How much you lose depends on how much your time is worth. Real estate investing is intended to be profitable. Vacancies, repairs, and time expenditure might mean you are only making a donation to the great cause of improving the nation's housing.
The scenario changes if the mortgage is negligible and note payments are significantly less than rents. But the beginning investor does not often create this situation. Fixing up properties for resale is a better venue for real estate investing today. Go a step beyond the norm, and learn how to help a renter get financing for your fixed up house. Go another step by converting a junker into a "Dream House," and you will attract prospects to your property like bees to honey. Turning a "Plain Jane" into a "Doll House" demands extra work, but attracts better quality buyers. Real estate investing is extremely profitable, but your choice of real estate investing venue is critical to optimal profitability. Phil Speer, Ph.D., started his real estate investing career 25 years ago. Without the availability of credit and using only a $10 bill, he purchased $1 million in properties in his first year, and had accumulated $10 million in properties by his fourth year. He was featured in a Wall St.Journal editorial as most successful investor in the Nothing Down Real Estate Movement, and was honored with a Caribbean cruise as top investor of the year. In his hometown of Nashville, Tennessee, he has been a businessman and Human Resources Consultant for 30 years. He is an author, speaker and seminar director. To learn how to profit in real estate investing, even without cash or credit, read his report at http://www.CashinHouses.com/. Subscription is free to his Fix-up Ezine. He and other contributing authors provide free articles and resources on real estate investing at his online "Academy of Advanced Real Estate Investing Techniques" - http://www.AAREIT.com/.
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Real Estate Investing Experts, RealNet USA, Announce Newly Updated Property Listings For Florida
Real Estate Investing experts at RealNet USA, announce newly updated property listings for their Florida offices, in Fort Lauderdale, Fort Myers, Jacksonville, Melbourne, Orlando, and Tampa. Real Estate Investing has been made simple for real estate investors by RealNet USA's program dedicated to helping their clients Find, Fund, and Fix their Real Estate Investing properties.
What You'll Learn From Real Estate Investing Courses
Real Estate Investing courses have a wealth of information to offer both the beginner and the advanced real estate investor However, many investors believe that they can achieve adequate profits without consulting with assistance from real estate investing courses
All about Real Estate Investing Book
Real Estate Investing is no longer the special past time of wealthy businessmen. In today's world real estate has become a common financial motion for people from all walks of life. This trend will likely to continue to perform will into the predictable future. This change is due to elimination and concentration on company pension plans. Personal investing guide has replaced these plans as the preferred way to plan for retirement
Property Management Jacksonville | Property Management JAX FL
Real Estate Investing Articles, Videos, Calculators 100% FREE
Whether you're a real estate professional assisting buyers and sellers with rental income property or an investor just starting out in real estate investing, chances are good you can use some real estate investing help. If not, then you probably know someone who can use some real estate investing help.
Is Hiring a Property Management Service Worth the Cost?
How much income do you generate with your own apartment business nowadays Is it enough to cover how much you've spent in bills every month out of the lacking tenants your building suffers
Real Estate Investing - Books,TV Infomercials, and Seminars
Real estate investing has become popularized today because of real estate investing TV infomercials and traveling seminar circuits. But real estate investing has not always been so popular.
Solving the Housing Crisis with REO Property Management
Real Property Management of Salt Lake City, Utah, a national residential property management company, has transitioned thousands of REO properties utilizing their nationwide REO property management offices throughout the past year.
What a Property Manager Can Do For You
Are you a property investor who is planning on renting the property out If the answer to this question is yes then you will be one of the many people who are in need of a property manager
Real Estate Investment Firm Announces Release of Free Real Estate Investing Newsletter
Real Estate Investment Firm, RealNet USA, proudly announces the release of the first edition of their Real Estate Investing Newsletter, "Real Estate Insider's Chronicle," designed for investors. The chronicle is intended to keep investors informed and up-to-date in the latest market trends, available Real Estate Investments on the market, and existing Real Estate Investing Options.
Real Estate Investing – The Job Escape
Real estate investing is pretty unusual in lots of ways. Real estate investing is creative.
FREE Webinar Shows How in Today's Market You Can Still Get Millions of Dollars to Do All of Your Real Estate Deals
"Find ultimate success in real estate investing by participating in a Free Webinar Presenting the "King of Private Lending", Alan Cowgill."
Real Estate Investing Skill Acquisition
Real estate investing is not in any list of high school electives. You can't get an accredited degree in real estate investing.
Grants That Are Available For Real Estate Investing
Capital is one of the biggest requirements for real estate. So many people want to get started in real estate investing, but do not have the money to do so.
Make Finding a Property Management Co. Easier on Yourself by Asking the Right Questions, Part 2 of 4
This is part 2 of a 4 part series where we have outlined important questions to ask a property management company before hiring them
Series 1 Companies Credentials
Series 2 Property Management Services
Series 3 Property Management Fees
Series 4 Tenant Screening Process
Property management companies come in all sizes, capabilities and expertise
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