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Secrets of Making Money from Real Estate - Part 1
There are three investment vehicles which can make you rich. Stocks, businesses, and real estate. Stocks can return lots of money in a short amount of time, and can have a steady rate of return using investing techniques such as dollar cost averaging. However, but how much stock do you think you can buy for $20,000 dollars? $20,000 worth of stock. What about using someone else's money to buy more? Try asking your bank manager for a loan of $100,000 to buy stock! You wont be very successful. This is the principle of leverage. In stock there isn't much of that, you can't get rich using other peoples money. Also with such a volatile market trading can be nail biting! Businesses for most people, can be very hard to start and run. I read somewhere that 9 out of 10 businesses fail with in the first year. Out of the successful businesses left, within the next 10 years 9 out of 10 of those businesses fail. Although running a successful business can be very profitable most people are held back by the financial and personal risk, along with long start up hours. I am not saying that these two assets will not work to create money, they can, but for the average person it is quite hard to do so. Throughout the centuries the rich have used real estate as a safe guard for their money and as an asset. So why is real estate such a great asset? Read more in Part 2! This article was written by John Whiteside. The original article can be found here http://www.use-your-equity.com/realestateinvesting.html . Use-Your-Equity can show you how to create value in your home, then show you how to use the newly created equity to make money. http://www.use-your-equity.com for more information.
MORE RESOURCES: Meet the real estate broker’s interns: an ambitious group willing to do anything, earn nothing and wake up early on a Sunday to fluff the couch cushions at open houses. In Manhattan, parking lots and garages are making way for all sorts of development, especially luxury condominiums. Gray Burton lives in a 250-square-foot space he furnished with antiques he’s been collecting for years. MacKenzie Thompson’s plan to buy a multifamily house in foreclosure did not pan out. She decided to buy a home in Westchester County. A photogenic Westchester suburb with high-profile residents is also known for its art museum and a performing arts center. A 10-year-old house with six bedrooms in Montvale, N.J., and a renovated four-bedroom in Bronxville, N.Y. Wealthy investors are wiring millions of dollars to New York to snatch up a piece of 157 West 57th Street - what will be New York City's tallest residential building, with 90 floors overlooking Central Park. An apartment at the Trump International Hotel and Tower, opposite Central Park, was bought anonymously through a limited liability company. The anchor of a proposed historic district will surely be a clutch of four mansions at Riverside Drive and 72nd Street. Success in challenging property taxes means not having to put as much money aside in the escrow account. Taking responsibility for a roof leak; a bank loan for capital repairs; lender says no to co-op sublet; next time, don’t forget the key. Summerview Square is a town-house-style apartment project going up in Norwalk after a previous developer walked away, leaving squalor in his wake. In Hudson County, developers are working on several projects that would add thousands of units in waterfront communities like Hoboken, Jersey City and Weehawken. A development in Austin, Tex., is an ambitious attempt to upend the conventions of the American subdivision. Housing prices continue to fall nationwide, with Atlanta earning the distinction as the weakest performer. The financial crunch has been felt in Aruba, but not severely enough to cause large numbers of foreclosures and short sales. A new law that allows businesses in Philadelphia’s Market East district to draw revenue from large digital signs has drawn attention from developers. With its concentration of pharmaceutical giants and academic powerhouses, the region could be a major center for life sciences businesses, developers say. The president of the New York Building Congress, which represents professionals in the construction industry, has been running the nonprofit association since 1994. A frenetic little industry has taken root in New York City based on finding and publicizing the once-and-future homes of just about anyone with name recognition. The plan for a business improvement district in SoHo would help with the trash problem, but some residents don’t want to cede more ground to tourists and real estate titans. A 10-year-old house with six bedrooms in Montvale, N.J., and a renovated four-bedroom in Bronxville, N.Y. Chris Hacker, the chief design officer at Johnson & Johnson, shops for hot water bottles that can come out from under the covers. An architect and an interior designer have created an online database of hazardous building materials. Beginning Friday, the NoLIta store Haus Interior will host Wood Shop, a pop-up store created by David Stark. |
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