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REAL ESTATE INVESTMENT ADVICE FROM A BILLIONAIRE -
BARBARA CORCORAN ON GETTING STARTED IN INVESTING

Real Estate Investments > Investing

 
 

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1. Work with Real Estate Investment Partners that either have money or expertise
No one person can do it all, particularly if you're just getting started. Partners can be friends that share your goals, investment advisors, real estate brokers...however, they must bring something to the table, money or expertise. Ideally your partner should have invested in real estate investment property for a number of years and been successful at it.

2. The Fear Of Making The Purchase
The fear of making the purchase is the biggest reason that people do not purchase real estate and pass on an opportunity that has changed the lives of millions for the better

3. How To Fund Your Child's Education
The best way to fund your childs college education - buy them a condo that is easy to manage and will appreciate faster than college costs over time due to leverage

 

4. There Is No Faster Way to High Net Worth than Real Estate Investing
Despite what the stock market advisors tell you, it comes down to basics. At 10% down, you double your money every time real estate appreciates by 10%. The historical rate of appreciation for real estate is 6% a year. In two years you'll be lucky if you make 20% in the market.

5. How To Identify Up and Coming Areas for Real Estate Investments
Here's how to identify up and coming investment opportunities:
- Rental prices go up long before sales prices - go where rental prices going up, that sale market is ready to pop
- Go where are coffee prices going up, which usually go up with rental prices

6. Go Where the Jobs Are
Areas with good job markets appreciate - are people buying new cars? Are people moving to certain parts of the country? Where is job creation robust?

7. Buy Cheap!
Don't buy the king of the heap - the lower you can go the better you will do

8. Decision to Buy Your Home Is The Single Best Financial Decision
Decision to to buy a home is the single best investment in your lifetime. Most important decision you'll ever make is to buy and not rent.

9. Most Important Investment Decision Is Your First Investment Property
Most important thing you do is your first investment property

10. Everyone Is Born An Entrepreneur But Taught to Be An Employee
Everyone is born an entrepreneur but groomed to be employees, kids that are lousy in school end up being great businessmen

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