Question
real estate investing?
I am 26 years old single mom. I have some friends that are real estate investors. I have been reading all kinds of books, fave on being "The Weekend Millionaire's secrets tio investing in real estate. I just haven't rally found out how to get started It tells you everything after that point. I really want to have rental properties to have a nice dash flow in the future I am a stylist and I have no other means of retirement. I would appreciate any answers you'll have for me. Also what can you tell me about investing in stocks? I have been told to buy a house live in it for a year rent it out buy anpother house, but how would you get a bank loan just after a year allready?
3 years ago - 3 answers
Best Answer
Chosen by Asker
Real estate is a super huge thing It was a better investment for me than stocks as I was always able to use my investment . Can you eat stocks or live on them? Be careful because there are ways to gain and ways to lose. Don't ever borrow too much or it will all disappear. Hey why not just go into money lending?
3 years ago
Asker's Rating: 
Other Answers
Call realtors or look online for REO's (real estate owned) in your area. Buy one that is well below market value and that you're positive you can rent for more than the net operationg costs (loan payment, insurance, taxes, etc.) and then do it! Just get creative and the number thing is don't forget to ask for any and all help you need, others are glad to assist you! They only thing stopping you is YOU!
by BALJP- 3 years ago
One suggestion is Foreclosure properties. You can purchase a home in foreclosure for way less than the market value and either rent it out or you can fix it up (if it needs repairs) and resell it for the actual market value. My next suggestion would be to purchase a multi-family property and to rent it out. But PLEASE, make sure that the income you receive from your tenants can more than cover your monthly payments. You just need to start from one. Don't take on too many at once. Once you get the hang of it and you see what works for you, you can extend yourself from there. Good luck!
by bashyt1- 3 years ago