Imagine making $5000 a year from real estate investing without recognizing you are real estate investing!
Real estate values are so dynamic. The marketplace is always fluid and changing. The only constant is the eventual escalation of value.
Suppose you had owned that little piece of property in your neighborhood years ago where McDonald's is located today. If you had owned it for 20 or 30 years, what would your profit be from that sale?
Real estate values fluctuate in cycles and according to a myriad of owner situations. However, the price of real estate almost always goes up.
Let me give you a real-life example. (And if you are old enough, you have your own similar story!)
In 1970 I bought a little house in the Green Hills section of Nashville for $27,000. You know it wasn't much because of the price. But it was home, and the location was respectable.
In 1978 I sold that house for a bigger house in Green Hills. The sales price for that little house I sold was $67,000.
That's when the light bulb went off in my head! I suddenly realized that I had profited $40,000 from that little house in only eight years. I hadn't added any more rooms or a patio. And I hadn't even painted. I was witnessing first-hand how property values increase, often drastically!
I made a $5000 profit per year from that house, just from living in it.
It was an amazing discovery to me. It had been a reality forever, but it was no longer a vicarious experience in my mind. It was alive, because it was happening to me. And it changed my view of the world. That personal experience led me to start a real estate investing career.
I still live in Green Hills, and I pass that house every day on the way to the post office. That house recently sold for $200,000. Same size. Same location. But a phenomenal increase in value.
Asset growth from $27,000 to $200,000 is pretty astounding. And while the asset growth ratio varies from property to property (and city to city), real estate values generally increase. Even owning and maintaining your personal residence is cash generation right under your nose. I can't believe I was so dumb not to see it before it became so apparent.
If even home ownership can be so profitable, can you fathom the profitability in real estate investing?
Phil Speer, Ph.D., started his real estate investing career 25 years ago. Without the availability of credit and using only a $10 bill, he purchased $1 million in properties in his first year, and had accumulated $10 million in properties by his fourth year. He was featured in a Wall St.Journal editorial as most successful investor in the Nothing Down Real Estate Movement, and was honored with a Caribbean cruise as top investor of the year. In his hometown of Nashville, Tennessee, he has been a businessman and Human Resources Consultant for 30 years. He is an author, speaker and seminar director. To learn how to profit in real estate investing, even without cash or credit, read his report at at http://www.CashinHouses.com/. Subscription is free to his Fix-up Ezine. He and other contributing authors provide free articles and resources on real estate investing at his online "Academy of Advanced Real Estate Investing Techniques" - http://www.AAREIT.com/.
If you are thinking of selling your home, there are... Read More
In a previous article we introduced you to the concept... Read More
Be a slumlord? Okay, I got your attention, now the... Read More
Real estate research might start with a look at the... Read More
GETTING THE MOST FOR THE LEASE-TRACKING YOUR REAL ESTATEIf you... Read More
Besides the emotional upheaval of uprooting from your home, your... Read More
Why Do Realtors Advertise Your Home in Print,on the Radio,... Read More
Earlier this year the Hawthorn suites in Lake Buena Vista... Read More
Moving from one house to another is always a challenge,... Read More
Do all the creative financing techniques you hear about really... Read More
San Diego county has always been known for its Luxury... Read More
A large percentage of the mail we receive are from... Read More
What Real Estate Lenders Look ForLenders control many programs --... Read More
Satisfying and lucrative real estate investment depends upon your correct... Read More
So how do you find the best foreclosures. Its not... Read More
Whether you are a real estate investor looking for a... Read More
For decades, the real estate world turned in a predictable... Read More
I hope you had a spectacular weekend!Things have been going... Read More
Buy an on-line Tenancy Agreement now. As a landlord and... Read More
There is curently a huge real Estate boom in America... Read More
Interior colors are vitally important to selling your home quickly,... Read More
In recent years buy to let has been a popular... Read More
An irate tenant or disgruntled home-buyer, with the help of... Read More
To make the maximum profit on your investment properties, you'll... Read More
Real estate agents are gearing up to face the biggest... Read More
Several years ago I developed a philosophy in renovating houses... Read More
When trying to sell a home, silence isn't always golden... Read More
Any trip to Belize starts fantasies of owning a beach... Read More
If your problem is listed below, a 1031 exchange may... Read More
According to the National Association of REALTORS® (NAR), a record... Read More
If you are in the market to purchase a home,... Read More
Follow a few simple guidelines, and marketing your own home... Read More
A stagnant stock market, low interest rates and booming property... Read More
Of course you should. I practice this for quite a... Read More
Sue and Chuck DeFiore have the perfect solution for you... Read More
We all know that a home or property of any... Read More
What Real Estate Lenders Look ForLenders control many programs --... Read More
Changing social trends point to a huge rise in demand... Read More
The UK has gone property TV crazy. There are now... Read More
Have you seen this in your classifieds? -"Will pay $$$... Read More
Whenever you own a piece of land, you will be... Read More
Questions Sellers Should Ask in Agent Interviews:1. Is your license... Read More
It's not uncommon for an investor to sell a house... Read More
There has been a lot of talk lately about the... Read More
Renting to tenants is no longer "where the money is"... Read More
Finding a rent-to-own house is one of the many ways... Read More
"Begin With The End In Mind"I first heard the phrase... Read More
When I was a young child I had many annoying... Read More
Property Investing: A Buyer's Secret Weapon When Purchasing Real EstateMy... Read More
What is a loft apartment? At the most basic level... Read More
Las Vegas is known for it's over the top hotels... Read More
Sheriff's Deputy Ted Rasmussen was thinking about Carrie-his pregnant waitress... Read More
The Murcia region in Spain benefits from some of the... Read More
Owning a home is the original American dream. It's the... Read More
Purchasing a home is a major emotional and financial decision.... Read More
One of the most common causes for disputes occurring after... Read More
Condo hotels are one of the hottest products in today's... Read More
The latest investment property headline is this: Popular and well... Read More
Tensions can run high in both the selling and buying... Read More
When you bought your home, you offered less than you... Read More
Foreclosure under a mortgage requires a court ordered sale conducted... Read More
Lighting is the most important detail of interior Design Psychology... Read More
1. Search on the world wide web for distressed or... Read More
Selling your own home can be a time-consuming and frustrating... Read More
It's high time someone advocated the use of common sense... Read More
As sure as the spring flows at The Fountain of... Read More
Real Estate |