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I used to be one of the many people who think that you have to have a lot of money to get started in real estate investing. But it’s just not true!

But on the other side we’ve all heard the gurus talk about how easy it is to invest in real estate with Other People’s Money (OPM). But that’s not entirely true either.

What is true is that there are many ways to accumulate lots of money through real estate if you have the right team and are using the right strategies at the right time.

The team is such an important piece of the puzzle - these are the people that are going to make each deal happen. Real Estate is a networking business, and I didn’t say a NOT-work business. The more people you know, the easier it is to run your business. Period.

When your team is in place is when your MBA starts accelerating. I have a lot of people on my team, and yes, that means I have to share the profits. But I can do more deals in less time with fewer headaches. Makes sense to me.

This is one of the most important concepts for building wealth quickly. One that almost every type of guru out there tells us to do. But one that seems to get the most resistance. Many people want to do it themselves because they don’t want to split the profits, or pay for the help.

I’m telling you from experience that you need to do whatever you need to do to build your team. Contractors, lawyers, mentors, coaches, project managers, assistants, bookkeepers, CPAs, and the list goes on.

I’ve paid for many coaches. I’m grateful that I have a mentor who is congruent with my own dreams. I’ve also created many joint ventures with other team players that have cost me nothing but my time or my experience, and made me lots of money. But it’s because I built my team that I was able to do that.

Now let’s talk about the strategies. There are many ways to do real estate deals with OPM, but if you’re in a hurry to make some money, the fastest way that I have found to work is the Assignment of Contract method.

Here’s what this means: you find and negotiate a deal with the seller, for a certain price with certain conditions, giving you so many days to find a buyer. Whether it’s you or somebody else. When you’re assigning the contract you’re entering into with the same exact terms as you got into.

This contract is where all the details are: How much you’ll pay for the house (even though you’re not going to pay for it personally), how long you have to come up with the money (This gives you the time to find the end buyer for the deal - another reason to build your team).

Then when you find the buyer - you sell this contract to the buyer - with the same specified terms. So if you say that you’d close in 30 days, and it takes you 15 days to line up a buyer, you have 15 days to close. Or whatever other terms you stipulated in the contract.

Preferably you’re working with great deals, properties you can get for 70 or 80 cents on the dollar. And that’s because you will ALWAYS find buyers for these deals.

Once you have the seller under contract, you start promoting the deal through your network, list with a realtor, put an ad in the paper, whatever works. Then you have the seller, you have the buyer - you simply sell the contract.

Once you get started and get your feet wet, you can do 3 or 4 or 5 of these a month - or as much as your team can handle. I’ve done many projects where I’ve sold the contracts for a flat fee to another investor or rehabber. It’s a great way to build your bank account when you don’t have a lot to start with.

Like I said: Get Your MBA (Mega Bank Account) in Less Than 12 Months!

Raul Luna officially became a millionaire before he turned 21! This successful speaker and educator is turning ordinary people into millionaires. Discover his secrets: http://www.moonvesting.com

Tags: property management, Real Estate Investing, real estate investing secrets, real estate investing tipsproperty management, Real Estate Investing, real estate investing secrets, real estate investing tips

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The stock markets have crashed and recovered and then crashed again. Similarly for commodities like silver and gold. The overall trend for silver and gold is positive though . Also stock market indices too over the years look positive. But that’s an index, only if you buy the right stocks do you get the benefit. Essentially the risks, with an investment like stocks, are huge. Moreover less risky instruments like Mutual Funds have huge entry and exit fees.

Real Estate is the one investment from which you can get a steady income, and at the same time enjoy a steady appreciation. This specially holds good if you buy apartments close to IT parks, railways/metro stations in any big city, close to any place of commercial or industrial activity. A rental income is an assured monthly income with little hassles, all things going right.

It’s also a usable investment. You can feel it, touch it, live in it, rent it out.

Currently real estate prices are increasing literally on a daily basis. This is definitely not a trend that is sustainable. If you plan to realistically invest in the real estate market, please ensure that you have a timeframe of a few years. The current real estate increases are hugely attributed to the buying power of IT professionals and their willingness to pay a premium for any piece of property. Places like Kerala too have show steep escalations and the main reason is the money flowing in from the Middle East. Even though Keralites believe that the land prices there are now higher than what they should be, on comparing to cities like Bangalore, Kerala is still very under priced. Similarly for Pune. Land prices in Pune are seriously undervalued compared to Bangalore. In 2005 you could purchase land in Kondhva for around 300 Rs per sq feet and land in Bhugaon close to the IT Park for 400 Rs per sq feet. The prices have increased a 100% within a year. It’s still cheap compared to Bangalore !!

High incomes of IT employees, a bull run on the stock market and foreign repatriations have made the Indian real estate market a little volatile at this point. But a country with a billion people and still growing will always have a housing issue, and any investment in the housing market can never go wrong. Real estate; whether land or houses will always sell at a premium.

For most people who live in 3 storeyed apartments that are over 20 years old, builders have offered schemes where current apartment owners sell the land and building to the builder, in return for a bigger apartment. The builder constructs a high rise there and recovers his cost from the fact that in a building where there were 12 apartments, there are now 60. This is a win-win situation. Builders get prime land in the city and the apartment owners get an upgraded apartment that has a lot more market value.

Rents too have been on the increase. Apartments close to work places or transportation hubs rent well. Since most tenants are professionals, owners need not worry about tenants staying for long periods and then refusing to vacate.

Interest rates in India are much much higher than in the US. There it’s about 6%, we’re close to 9%. Realistically you can expect property to appreciate between 10-15% every year. Holds true more for land. For housing the property price increase usually depends on increase in costs of raw material like steel and cement.

Do not always look at real estate just as an investment. A house is always a great place to live in. For first timers, do not look at real estate as an investment, but a home to go to.

David Thomoson, an associated editor to pune360.com , is a contributing author to the http://www.pune360.com for distinct article sites/journals. Please feel free to visit http://www.pune360.com for more information on Real Estate, property and classified issues Or write to him AT pune360@hotmail.com. Any comments and /or suggestions will be highly appreciated.

Tags: pune properties, pune property, pune real estate, real estate in punepune properties, pune property, pune real estate, real estate in pune

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There are many great reasons to consider purchasing a property in Turkey for both fun and profit; here are a few great reasons why any serious property investor should not miss this superb opportunity.

Over the past 5 years Turkey’s popularity with holidaymakers from across Europe has been increasing rapidly year on year.

This has lead as in all other holiday destinations to an equally rapid growth in ownership of property by non-Turkish nationals from many European countries but significantly from the United Kingdom and Ireland.

Many of Turkey’s out dated airports have recently been fully re-furbished with new terminal buildings becoming the norm.

Large amounts of capital have been invested by the Turkish Government on the improvement of infrastructure including new motorways to enable shorter travel times to the main holiday resorts.

Many new Golf courses have been built to attract a higher end consumer and others are currently under development.

The cost of property in Turkey whilst still very good value for money when considered against property in the already built up markets of Spain, France, U.S.A and Portugal has risen in many areas by up to 100% over the past 3 years.

Property is still available from below

Tags: Altinkum, bodrum, calis, Didim, fethiye, for, hissaronu, mortgage, mugla, overseas, property, Turkey, TurkishAltinkum, bodrum, calis, Didim, fethiye, for, hissaronu, mortgage, mugla, overseas, property, Turkey, Turkish

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