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building-wealth--don-t-waste-your-mon
You should know that the investor offering these types of deals makes money by purchasing the property at a discount and selling the property for an inflated price.
Lease-option real estate investors play the odds. Those tenants who do eventually purchase the home paid much more for the home than the investor.
Tips for Beginning Real Estate Investors
Don't buy overpriced property! Avoid 100% investor-financed "deals."
Don't waste your money buying real estate guru books, DVDs, programs, seminars and mentor-coach promoting no-money-down deals. They've heard the stories where home sellers didn't get paid and had to foreclose on a property. They've heard the stories where the investor-buyer collected the rent and didn't pay the home seller. (Mortgage credit differs from consumer credit.)
2. Buy right.
3. Guard your money.
You can buy investment property for little -- or even no-money down. Get started by buying your home or a second home.
Lease-option real estate investors play the odds. Those tenants who do eventually purchase the home paid much more for the home than the investor.
Tips for Beginning Real Estate Investors
Don't buy overpriced property! Avoid 100% investor-financed "deals."
Don't waste your money buying real estate guru books, DVDs, programs, seminars and mentor-coach promoting no-money-down deals. They've heard the stories where home sellers didn't get paid and had to foreclose on a property. They've heard the stories where the investor-buyer collected the rent and didn't pay the home seller. (Mortgage credit differs from consumer credit.)
2. Buy right.
3. Guard your money.
You can buy investment property for little -- or even no-money down. Get started by buying your home or a second home.
Labels: article finance
1 Comments:
Every investment has risks and drawbacks. The important thing is to recognize them, to be aware of what can happen to your investments, and to make sure you aren't exposed to risks you can't afford.
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