In last week's article, called "Irrational Exuberance, Part
II?," I discussed some of our concerns about what is happening
in the preconstruction investment real estate market. What many
people have asked me is "if you're so concerned about the real
estate market, then why invest so much with yourself and with
the preconstruction MasterMind Group?" The answer to this is
really quite simple: we find preconstruction projects that make
complete sense EVEN WITH the current market conditions. ...Read the rest of this entry »
There are different types of real estate, and different ways to
invest in them. Which way is best is for you to decide,
according to your particular needs. Here are a few ways to
consider, with their advantages and disadvantages.
1. Rental houses. Advantages: One of the easier ways to get
started, and good long term return on investment. Disadvantages:
Being a landlord isn't much fun, and you typically wait a long
time for the big pay-off.
2. Rent-to-own houses. Advantages: When you buy, then ...Read the rest of this entry »
Santa Fe is truly a gem of a city. Located at nearly 7200 feet above sea level in the New Mexico high desert, Santa Fe offers many unique qualities that make it not only an attractive place to visit, but also a wonderful place to live.The city offers a great opportunity for those in market for real estate in Santa Fe. Home prices are relatively low next to comparable localities and the area boasts and abundance of attractions including, numerous golf courses, restaurants, bars, universities, ... Read the rest of this entry »
I had a hard time at first with real estate investment. One of
the reasons was that I tended to be a "lone wolf," trying to do
too much myself. I've since learned that to really do well
investing in real estate, you need to have a team of people you
can trust and rely on. Here are some possible team members, and
what they need to be on the team.
1. Real estate agent. A licensed agent with experience in the
area you invest in and access to the MLS (Multiple Listing
Service), can be a great ...Read the rest of this entry »
Is real estate investing only for the wealthy? Can you buy with
no money down? Do you have to know the "right" people? Let's
answer by looking at some of the myths of real estate.
1. Real estate investing is for the wealthy. Money helps, but
my first real estate investment was a $3,500 lot - which I sold
for a profit two weeks after I bought it. Small deals, partners,
low-down deals, or just putting aside $7 per day for a couple
years until you have enough money for a downpayment - these ...Read the rest of this entry »
Do you remember when real estate financing meant you saved up
enough to put 20% down on a house, and then you got a mortgage
loan for the other 80%? Well, you can still do that, but there
are many more options now. Here are ten of them.
1. Gifting programs. In some parts of the country, builders
fund foundations that give you a portion of the downpayment, so
you can get into a home with as little as 3% downpayment from
your own pocket. FHA and other lenders have so far approved of
or allowed ...Read the rest of this entry »