If you’re reading this before 5 pm (PST) on August 25, 2011, thank your lucky stars! It’s not too late. At that appointed date and time, Jason Hartman and the Platinum Properties Investor Network will be conducting an information-packed conference call: The Perfect Investment Property Lifecycle. As we’re well aware, there are plenty of ways to invest in income properties the wrong way. That’s why there are so many disillusioned real estate wannabes out there who, through no fault of their own, fell for one spiel or another from the latest guru.
Teach Your Clients Saving vs. Investing
Too many people, probably some of them are your clients, use the terms “saving” and “investing” interchangeably. Nothing could be further from the truth, and you owe it to them to make sure the differences are clear in their heads. Saving is good, right? We wouldn’t argue with that. Too few people set aside a percentage of their monthly income towards improving their long-term financial health. The problem is that saving often results in such low-yield assets like a savings or money market account, certificates of deposit and treasury bonds.
Do Inquiries Hurt Your Credit Score?
Which sorts of inquiries actually hurt your credit score, if any? This might seem like an odd question, since we like to spend most of our time talking about innovative strategies in buying income properties. Still, we can’t ignore the reality that, without mortgages, there wouldn’t be many properties purchased. Not many of us can or should plop down cash to buy a piece of real estate. And it’s not a bad idea to shop around for the best interest rate before signing on the dotted line, but the question remains: Will multiple inquiries by prospective lenders lower your credit rating?
Plunging Home Ownership Good for AIPIS Realtors
Most realtors would read the latest numbers on the continuing plunge in home ownership rates and start slowly banging their head against the desk in frustration. That must make us something of an oddity in the real estate industry because we think this is great news for people like us (and you, hopefully) who are poised to take advantage of income property investing.
Certification Programs Boost Real Estate Career
In the past, some real estate certification programs have been of dubious value, and functioned as little more than a way for a marketer to increase his profit. But all certification programs are not created equal, and in today’s business climate, there are three solid reasons to consider increasing your knowledge and credibility by completing the right program.
Stars Align for Apartment Rental Market
Real estate professionals and AIPIS students should ready themselves to profit from the apartment rental market surge that is already underway. But first, a disclaimer. We don’t recommend that a first time income property investor jump right into buying an apartment building. This is a larger size project that works better if you get your feet wet through single family residential properties beforehand. Sort of a crawl before you walk mentality. And we certainly don’t suggest you sell out your entire portfolio of properly diversified income properties to take on the challenge of an apartment building.
“Foreclosure Families” Will Choose Single Family Residence Rentals Over Apartments
Other than mobile home parks and self storage units, we haven’t been too excited about commercial real estate investing for a while, but single family residence rentals are looking quite nice for landlords. Here’s why we think “foreclosure families” are going to be bailing out of apartment complexes and setting their sights on single family residence houses in the near future.
Borrowing as a Wealth Management Strategy
To those raised on the notion that Wall Street stock offerings are the end-all to creating wealth, it might seem odd that we suggest borrowing as your primary wealth management strategy. Keep in mind we’re talking about a specific kind of borrowing, defined as a fixed-rate, long-term mortgage tied to a piece of income producing property. Older generations are likely to tell you that borrowing is the way to certain financial ruin, but they were raised under a different economic reality, one in which inflation was negligible and many companies paid healthy dividends.
There’s Only ONE Real Estate Investment Strategy That Works
When we say there’s only one real estate strategy that works, we mean REALLY works, and offers the best chance to significantly increase your wealth within the span of a few short years. Notice we didn’t promise a few short weeks. Every property investor must internalize the reality that this not a get rich quick approach. Get rich quick only works if you have something to sell to a bunch of suckers, and that’s not you, right?
4 Recreational Reasons to Invest in Property in Phoenix
A critical and sometimes under-discussed characteristic of what makes a place prime to invest in property is entertainment opportunities. The truth is humans tend to get bored easily. We like to live where there are plenty of distractions (in a good way) and entertainment choices. It just so happens that one of the hottest Platinum Properties Investor Network markets right now is Phoenix, Arizona. People have been flocking to this desert oasis for decades and one reason is there’s a lot to do.