Real Estate Investing?

Most people become active participants of Real Estate Investing because they want to take control of their lives, and they believe that the level of control they want cannot be acquired by working for someone else. Mainly, they want to take control of their own income and time. They don’t want to have to rely on strictly one pay check; an income source that is controlled by their governing employer. They have an innate desire for multiple sources of income. Real Estate Investing is an opportunity for them to leverage that sincere desire to achieve and obtain a diversified income stream.In short, they want financial independence, independence that, they believe, will translate to other important areas of their lives. Whether to simply have a stable income through being a landlord, or attaining Donald Trump status as a real estate mogul, it seems evident that the keys to success lay in learning all there is to learn about real estate investing, and attaining personal habits and a strong mental approach that will reap real rewards.According to Timothy Spangler, in his book From The Rat Race to Real Estate, strong personal habits include being organized, setting goals, and improving your mental attitude: having a more positive attitude about your possibilities in life. Also, practical endeavors such as improving your credit score via paying off your debts will put you in good shape to succeed at real estate investing.Being a real estate investor means becoming an entrepreneur, a, a person who is willing to take some risks, a person who is not willing to remain in a safe but non-fulfilling job. Taking risks is always about overcoming fears. There are different levels of risks and fears-usually a rise in the level of one will increase the level of the other. Going outside to your car on any particular day will not cause much fear because the risk is not that high. You might get hit on the head by a piano, but that probability is rather low.On the other hand, a lion tamer has the distinct possibility of serious injury, so he has some real fears to overcome. The best way he can overcome his fears is by taking as much of the unknown about lion taming out of the equation as he can. This might involve learning all he can about lions and their habits, or, learning the proper way to approach a lion. Similarly, fears about real estate investing can be alleviated by extensively studying real estate investing, and learning the appropriate techniques for the task.Actually, when you look closely, an investment in real estate is less risky than other investments such as investing in the stock market. Many different variables affect the stock market: political turmoil, the weather, the fluctuation in price of commodities such as oil. A parcel of real estate, however, usually appreciates in value over time, making it a solid investment. Of course, the profit margin will vary according the skill, knowledge and experience of the investor, and the type of investor he/she is: such as a landlord or a house flipper.So, with the right approach, habits, knowledge, and general fortitude, real estate investing could be a real alternative to many people. Although when defined as a “get rich scheme”, it may not work too well, it is possible to become wealthy from real estate investing. The benefits outweigh the risks by a considerable margin.

Donald Trump on Real Estate

I love what Trump says about the business of real estate.I am a big believer in setting up business systems for all
my clients. So it is cool to hear from a master like Trump
about the importance of systems!Sincerely,Tom KishTHE REAL ESTATE BUBBLE OF 2005?’What Donald Trump has to say about the latest business
opportunities found in Real Estate Investing.’By Phyllis N. SchwartzStaff WriterHave you ever wanted to become a millionaire?If so – and, if you live in the United States, there is now a
very REAL chance for you to enjoy the same opportunities
as Donald Trump.You don’t need to invest in real estate to be wealthy. But, by
and large it is the easiest, most leveraged way to build real,
sustainable wealth. With mortgage rates at an all time low and
tax laws favoring real estate holdings, now is an ideal time to
profit from the greatest real estate gold rush in history.Marriage, job changes, divorce, new families, death — the
average American moves every five to six years. And with that
constant stream of movement across the United States, more
than 12 million homes are bought and sold every year. Many of
these will be great deals that you, yourself, could be profiting
from.The very same principles that make Donald Trump a fortune
with New York City skyscrapers will work for the average
investor, no matter what size the property.So precisely what can the small real estate investor learn from a billionaire wheeler- dealer like Donald Trump? According to George Ross, Executive Vice President and Senior Counsel for the Trump Organization (and, of course, Apprentice co-star), one of the cornerstones of Trump’s philosophy is “Improve any location.”And that’s just what Trump did in his very first real estate deal on a foreclosure of a 1,200 unit apartment complex in Cincinnati, Ohio. Without a penny invested, Donald and his father, Fred, were able to turn the apartment complex around by doing some remodeling and taking a tough stance on rent collection.In the single most valuable lesson in Donald Trump’s real estate career, he learned how the government would assist buyers in purchasing property with little or no financial backing and how to get such aid. His passion for real estate grew from there and he went on to create the strategies and systems that turned his business into an empire.”Deals are my art form. Other people paint beautifully on canvas or write wonderful poetry. I like making deals, preferably big deals. That’s how I get my kicks.”In New York City, the Trump signature is now synonymous with
the renowned Trump Tower, The Trump International Hotel &
Tower, The Trump Park Avenue and the Trump Building at 40 Wall Street. He also owns golf courses in 4 states, and current projects include the building of the biggest development ever approved by the NYC Planning Commission .Ranked #228 on Fortune Magazine’s list of the world’s billionaires, Trump stated: “Real estate is at the core of almost every business, and it’s certainly at the core of most people’s wealth. In order to build your wealth and improve your business smarts, you need to know about real estate.”The most obvious problem that confronts many would-be investors
is lack of know-how and/or financial resources. Common sense
would dictate that wanting to make money in real estate is simply not enough. Knowing how to get it is the real key to success. Like any other profitable business, it takes a proven business system.In Trump: The Art Of The Deal, ‘The Donald’ gives his own assessment: “If you take care of the downside, the upside will
take care of itself. In other words, if you have a contingency
plan for everything that can go wrong, you can’t help but succeed.”So how does the average Joe or Jane actually succeed in real estate?Because you can’t know it all, no matter how smart, educated or experienced, there is no way to acquire all the wisdom you need to make your business flourish. It’s precisely why 95% of franchises succeed and only 25-35% of independent businesses fail. Wanting to make money in real estate is simply not enough.Just as Donald Trump had starting out, you need a great mentor
with a proven track record to lead the way and support your
efforts… also a proven business system that allows you to invest in all types of real estate without ever having to tie up all your own cash. It is wise to begin your journey using the research, experience and wisdom of those who have been there before you.The beauty of a franchise is that it provides a proven business
model with years of experience behind it. As far afield as real
estate investing may be from starting a McDonalds, the principle is the same. If you can find a real estate investment teaching program that eliminates much of the trial and error and allows you to get a quick start with a proven system, you’ve just found your own golden arches.True success is bigger than any one person, no matter how well educated or experienced that person may be. There is no reason
to settle for anything less. Once again, to quote the king of real estate: “If you’re going to be thinking anything, you might as well think big.” Sound advice to anyone who wants to become a millionaire.p.s. Don’t forget to check out my one of a kind business system for real estate investing.I am the only expert teaching you how to use business lines of
credit to invest in real estate instead of cash!