Real Estate Investment
101
Step 1: Find a property with potential…
Alex4 http://www.sxc.hu/txt/license.html
…in an up-and-coming neighborhood…
Mattox http://www.sxc.hu/txt/license.html
…with great tenants…
ljleavell http://www.sxc.hu/txt/license.html
…selling at a discount.
cccdebbie http://www.sxc.hu/txt/license.html
Step 2: Leverage property as much as possible; 0% or 5% down payment…
iamwahid http://www.sxc.hu/txt/license.html
…find bank willing to lend you money; 100% or 95%.
RAWKU5 http://www.sxc.hu/txt/license.html
Step 3: Purchase property.
jazza http://www.sxc.hu/txt/license.html
Step 4: Make high impact-low cost improvement.
brokenarts http://www.sxc.hu/txt/license.html
Step 5: Raise rents.
cobrasoft http://www.sxc.hu/txt/license.html
Step 6: Re-finance property.
RAWKU5 http://www.sxc.hu/txt/license.html
Step 7: Take equity from re-finance and start all over again with another property.
SpydeRR http://www.sxc.hu/txt/license.html
Step 8: Continue cycle until you become a millionaire.
Step 1:Find Property
Step 2:Leverage
Step 3:Buy Property
Step 4: Improve/Fix
Property
Step 5:Raise Rents
Step 6:Re-Finance
Step 7:Re-invest
equity from re-finance
Step8:Start over
Good Luck!