Wednesday, 4 January 2012

Know Real Estate

By Jan Leibee


In fact, there are many would-be real estate investing professionals that have to face discouragement typically because of the assumption that acquisitions require deep-pockets. The myth that: "nothing-down purchases", is believed by some to be impossible.

First: To determine if the real estate boom or bust is bottoming out, there is readily available public data where you can chart, for the real estate investing which is the same with the stock market. So that you gain on the rebound, you must try to buy the instrument at the bottom of a cycle which is similar with other investments. When you do your math's to determine whether the property is worth acquiring , there is a need for you to take the rental yield cycle into consideration since you always want to ensure that you have enough monthly rental just to cover your mortgage installments even in the leanest of rental periods.

For the people, the Nothing Down era was considered a startling eye-opener. The books on real estate investing requiring no money, was written by Allen's predecessors, like Nick Nickerson, Al Lowry and Mark Haroldsen,yet, there are only few people who are aware of this. The notion was a strong public draw for his real estate investing seminars, other than being popularized by Allen.

Ultimately, there are some of Allen's convention speakers who were revealed as "con men," and some are bellied up. In the year 1996, Robert Allen himself went bankrupt. Real estate investing was impossible without deep-pockets, because there were a lot of people who concluded that Allen was a fraud.

The Nothing Down Real Estate Investing Movement have caused the damage of the Wall St. Journal yet, it was able to interview many investors who were using "Zero Money Down" techniques. The Wall St. Journal's business editor has featured me in an editorial as one of the most successful investors in the nation who had purchased millions of dollars in rental property without any money, other than interviewing me repeatedly and others who knew of my real estate investing.

These previous unfolding events are actually pertinent in providing a conclusion on how to buy real estate properties with limited funds. Without cash or credit, I proved that properties could be acquired considering the tune of $10 million in real estate investments during my first 4 years. .$10 bill is used in the acquisition for many of my properties.

There is possibility in the FSBOs For Sale By Owners purchases, through the negotiations with motivated sellers. By learning acquisition skills that required no money down, I bought millions of dollars in real estate properties without cash or credit.

To cover the agent's listing fee, the real estate agents providing the list of real estate properties, minimally require a down payment. Compared to the FSBO properties, these listed properties were no more valuable but the agent fees just demanded cash upon acquisition. I have purchased some agent-listed properties, but from a motivated seller, my target acquisition continues to be FSBO real estate property in the intervening years since the 1980s.




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