subject: William Tingle - The Real Story - Is Now the Time to Invest in Real Estate? [print this page] William Tingle - The Real Story - Is Now the Time to Invest in Real Estate?
When thinking about the real estate market today, many people simply shudder.
Really? An investment in real estate? Now?
After all, we've undergone a financial crisis, witness all but a collapse of the housing market, and creditors are still wary about making loans these days. But when you closely examine the world of real estate, you start to realize that not any one of these dynamics necessarily means you can't make a good real estate investment - and soon.
What determines your level of success, then? You do, oddly enough. Getting started in real estate will require some innovative thinking and some bottom-line common sense, but most of all it requires the desire to go out in the world and make good investments happen. If you want to learn how to do that, keep reading.
First, remember that real estate is still one of the most valuable commodities out there. Even in tough times, holding on to a piece of real estate can represent an excellent long-term investment that other investments simply can't touch. Sure, you'll witness some volatility like we have at the end of this decade, but that doesn't mean owning your house is a bad financial decision for you right now.
Land and real estate work so well as an investment because there's only so much real estate, that can be purchased. The Earth has a fixed quantity of land, and as more people come to inhabit it, that means demand will only go up. Naturally, this requires some big and long-term thinking, but you get the gist of it: real estate is fixed.
That means there will almost always be opportunities to make money! Are we saying, however, that you'll never have a bad real estate transaction? Of course not; anyone who's telling you that is selling you snake oil. But if you want to try out real estate, there are good ways to do it - sometimes ways that require very little upfront investment at all.
One such way is to try out a Subject To agreement. In a Subject To agreement, you enter an agreement with a home's owner to take over the payments of that home, essentially acquiring the rest of the loan in exchange for ownership. You'll also pay a relatively small flat fee in order to make the transaction worth the previous homeowner's while.
That's just one of the ways you can get started in real estate - and even get into it when the real estate market appears to be down. When people are looking to sell, it can mean it's a great time to buy - as long as you know what you're doing and have the courage to see it through.
