MICHAEL DINKEL | HOW TO PURCHASE REAL ESTATE
Michael Dinkel says that a real estate agent, broker, or lawyer with experience in real estate transactions typically helps people buy real property, such as a classic single-family home.
GETTING STARTED IN REAL ESTATE MICHAELDINKELSAYSTHAT YOUSHOULDEVALUATEYOUR FINANCIALSITUATIONBEFORE YOUBEGINYOURREALESTATE SEARCHASAHOMEOWNER.PAY ATTENTIONTOYOURCREDIT SCOREANDTAKEACTIONTO INCREASEIT,IFPOSSIBLE.KEEP TRACKOFYOURREGULAR EXPENSESTODETERMINEWHAT MONTHLYMORTGAGEPAYMENT YOUCANAFFORD.
MICHAEL DINKEL SAYS THAT A REAL ESTATE AGENT, BROKER, OR LAWYER WITH EXPERIENCE IN REAL ESTATE TRANSACTIONS TYPICALLY HELPS PEOPLE BUY REAL PROPERTY, SUCH AS A CLASSIC SINGLE-FAMILY HOME. YOUR FINANCING ALTERNATIVES, IF YOU DON'T HAVE THE CASH TO BUY REAL ESTATE ALTOGETHER, DEPEND ON THE KIND OF REAL ESTATE YOU'RE BUYING AND YOUR AVAILABLE FUNDS.
WHAT IS REAL ESTATE? REAL ESTATE IS A TYPE OF REAL PROPERTY, WHICH IS SOMETHING YOU OWN THAT IS CONNECTED TO A PLOT OF LAND. IT OFTEN ENCOMPASSES ALL RESOURCES ON THE PROPERTY, INCLUDING WATER AND MINERALS, AND CAN BE USED FOR RESIDENTIAL, COMMERCIAL, OR INDUSTRIAL REASONS.
TYPES OF REAL ESTATE
MICHAEL DINKEL SAYS THAT WHILE OWNING AND LIVING IN YOUR OWN HOME WON'T BRING IN MONEY, IT CAN ACCRUE A LOT OF EQUITY OVER TIME THAT CAN BE USED TO ACHIEVE OTHER FINANCIAL GOALS. YOUR EQUITY IN YOUR HOUSE GROWS AS ITS VALUE RISES AND YOU PAY OFF YOUR MORTGAGE, GIVING YOU A VALUABLE ASSET OVER TIME THAT YOU CAN BORROW AGAINST, SELL, OR BEQUEATH TO SOMEONE YOU CARE ABOUT.
INDUSTRIAL INTHAT,ITLIKEWISESEEKSTOMAKE APROFIT,INDUSTRIALREALESTATEIS COMPARABLETOCOMMERCIALREAL ESTATE.INDUSTRIALREALESTATE ALSOINCLUDESLANDTHATHOUSES FACTORIES,MINES,ANDOTHER AGRICULTURALOPERATIONS.
Undeveloped land can be utilized to produce income through grazing, logging, agriculture, or other activities, or it can be kept empty for future development. UNDEVELOPED LAND
THANK YOU FOR YOUR TIME! MICHAEL DINKEL