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A short overview of the steps involved in typical Real Estate Investment schemes.
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Real Estate Investment 101
1.
Real Estate Investment
101
2.
Step 1: Find
a property with potential… Alex4 http://www.sxc.hu/txt/license.html
3.
…in an up-and-coming
neighborhood… Mattox http://www.sxc.hu/txt/license.html
4.
…with great tenants…
ljleavell http://www.sxc.hu/txt/license.html
5.
…selling at a
discount. cccdebbie http://www.sxc.hu/txt/license.html
6.
Step 2: Leverage
property as much as possible; 0% or 5% down payment… iamwahid http://www.sxc.hu/txt/license.html
7.
…find bank willing
to lend you money; 100% or 95%. RAWKU5 http://www.sxc.hu/txt/license.html
8.
Step 3: Purchase
property. jazza http://www.sxc.hu/txt/license.html
9.
Step 4: Make
high impact-low cost improvement. brokenarts http://www.sxc.hu/txt/license.html
10.
Step 5: Raise
rents. cobrasoft http://www.sxc.hu/txt/license.html
11.
Step 6: Re-finance
property. RAWKU5 http://www.sxc.hu/txt/license.html
12.
Step 7: Take
equity from re-finance and start all over again with another property. SpydeRR http://www.sxc.hu/txt/license.html
13.
Step 8: Continue
cycle until you become a millionaire.
14.
Good Luck!
Editor's Notes
Notify Alex4
Notify Mattox
Notify iamwahid
Notify jazza
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