Investing in Real Estate Strategies

Investing in real estate can be your ticket to financial independence.

Most likely you have a great interest in how you can become successful through real estate but also have a great deal of fear regarding it.

You hear so many people saying how much money they've made in real estate, yet there's something stopping you from getting started.

I know, because it took me years to get going on this even though I wanted to do it very much.

The only solution to your problem is to push through your first purchase, make a mistake or two, and learn from it so you can continue on your path to real estate riches.

Let me address the "dream home" issue right away. Don't fall in the trap of trying to make your first home your dream home.

Why? One, you probably can't afford it. Two, you'll most likely sell your home every three to five years anyway (especially in your younger years - job move, more children, etc.)

Here's two ways to logically "plan" for your dream home:

Option 1:

• Buy a piece of investment real estate



• Rent it and let your tenants make your mortgage payments



• Refinance or sell this rental property



• Use that new money to buy your dream home

Option 2

• Start by buying a residence you can afford, such as a low-down condo



• Wait four to ten years



• Once this home appreciates enough, sell and buy an average house



• Wait four to ten years



• Buy a nicer home



• Wait four to ten years



• Buy your dream home

There are too many real estate strategies for me to list here. However, here are four that will get you thinking...

• Buy and Hold for Cash Flow: This is where you look for deals that will allow you to collect a sizeable amount of monthly income from your properties after all expenses, such as your mortgage, taxes, insurance, and property management are paid.



• Buy and Hold for Appreciation: This is a long-term strategy and requires that you buy in areas that will appreciate. This requires that you do your homework. However, appreciation has made many a millionaire.



• Buy and Sell (Flip It): Some people want to make a quick profit. In order to "flip" a property, you need to acquire it for 60-70% of its full retail value. This is a strategy that usually requires buying distressed property, then fixing it up to make it attractive again.



• Payment Relief: This is the strategy of buying a property (such as a duplex, four-plex or higher) that you'll also live in. If you set this up properly, the other tenants in your building may very well pay all the expenses so that your personal rent is zero to very little!

There's so much to talk about when it comes to investing in real estate (and I'll be bringing you more info in future articles).

Hopefully, I've provided some "thinking material" for you today that you can use to get started in real estate.

Pick one strategy that seems to fit you and just get started. Buy that first property and get the ball rolling.

Change your life,

Matt Zavadil

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