Millionaire Mentor Group: Real Estate Investing In A Down Market Many people do not know what an excellent time this is to start or build an investment portfolio in real estate. Everyone walks around complaining about what a bad economy we have and how scary it is. Throughout history many real estate investors have made life long fortunes during a depressed economy like we are facing now. While it is a wise plan to have a diversified investment portfolio there hasn't been an pportunity to build our real estate portfolio,like we see now, in a long time. There are many distressed properties to choose from because people got caught up in the real estate bubble a few years ago. There are so many residential short sales and foreclosures it's hard to choose just one. There are also many commercial properties that can be bought in times like these and then rented out for bargain proces as the economy returns to a healthier time. There are many real estate professionals that work mainly with real estate investors. These people can be a good resource in this market. They know the numbers and the best deals in their area. Even with prices at rock bottom people can hurt themselves by purchasing properties unadvised. There is money to be made in any economy. Some markets are best for investing in buy and hold properties such as the one we're in right now. At other times it is possible to make large amounts of money quickly by buing ugly houses, refurbishing them and then sell or renting them. This method is called "flipping". It is hard these days to find a house with enough equity to make this kind of technique profitable. This is why it is better to have a longer term strategy such as holding the property until the market recovers. Some real estate investors have made the mistake of spending too much of their disposble income too quickly in properties. It is vital to research the best deals around and only spend that amount that you wouldn't be hurt by if you lost it. Reflect on which properties are most appealing to you. Different investors have niches that they enjoy more than others. Beginner real estate investors sometimes think that they would like to have rental properties . . . until they find out there is a lot of work involved in the responsibility of being a landlord. There are calls at all hours of the day and night to take care of repairs. There are difficult tenants that don't pay their rent on time or destroy your property. It takes some thick sking to be a good landlord.
This should be considered carefully when thinking of investing in real estate rentals. Real estate investing is probably a more lucrative investment than Treasury bonds or gold right now. It is always the wisest investment strategy to buy when the market is at it's lowest price. Gold has skyrocketed in price but many still contniue to buy eve at outrageous rates because gold has proven itself to be a solid investment over time. Treasury bonds are not an aggressive investment vehicle. The returns are lower than other more lucrative investments. However, some people still see them as the safest of all investments to be had. Some people will choose safe rather than the higher risk/ higher return on investments. Unfortunately fear can overcome a wise investment plan. It is good to take calculated risks after doing all of our due diligence. The greater the risk is usually the greater the reward. It is to make a solid investment plan with the aid of a skilled investment advisor. Taking a steady, precise course, rather than racing out foolishly buying something because the market is so low. Bad purchases can still be made which will take years, maybe decades, to overcome. Consider all the tools at your fingertips: books, audio series, courses, investment counselors, mortgage specialists and the internet are all here to help us be self educated and empowered. Successful people always do their research diligently so they can make wise choices rather than impulsive ones. Surrounding yourself with powerful information can help you maintain a winner's mindset that will set you up for success. This is time better spent than watching mindless tv shows. Successful people use every minute they can to make sure they are "lucky". Luck is nothing more than being properly prepared when the right opportunity comes around. The smartest people were saving a large portion of their money when times were strong in our economy. This is called having foresight. Theses peole practiced the powerful law of delayed gratification. They did without even though they could have spent more money because they know that what goes up must come down. These investors know that this economy can set them up for a lifetime of healthy profits and a pleasurable retirement. In times like these it is an excellent opportunity for young people to purchase their first home. The best place to start in forming a strong real estate portfolio is to find the home you will want to live in to weather out this storm. Buying smart may even turn this cozy home into a long term real estate investement years down the line.
Take advantage of this prime real estate market if you have been one of the wise ones that have tucked a few dollars away are decide to get connected to groups that can offer you funding. With the proper guidance of real estate professionals you can help yourself build strong financial wealth which will stand the test of time. When you are ready to take action on this massive opportunity, call us at 1-800-WE-MENTOR Visit the Millionaire Mentor Group's news website or The Millionaire Mentor Group on Dailymotion or on our Twitter page at: https://twitter.com/#!/millionairemntr
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