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Invest in Real Estate


 

How to invest in Real Estate by jaebaeli

"Long term investing is just not for me. It kept me from having disposable income, which was more important to me."

How I did it: I bought a building lot in AR, and also 5 acres in Colorado, through a friend, and through a company who carried a note. Turns out, that while long term investing might be good for some people, it was not good for me. I had no extra money because of these payments and then when the economy crashed recently, it became clear that I needed to unload it. The Alamosa acreage is for sale on Craig's list, and I got rid of the other, at a loss, but it freed up my cash flow, so it was worth it.

Lessons & tips: I should have just enjoyed the money and worked on my credit score instead.


 

Jan 11, 2009, 11:48AM PST | 0 comments


People doing this:

  • Maple Grove
    3 entries
  • Hudsonville
    1 entry
  • Spokane
    1 entry

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    People doing this are also doing these things:

    Entries

    twintnineplus has peace

    I have to do this 16 months ago

    I feel that this is the best time to do it, but my situation does not afford me the opportunity to take advantage. I need a job, and that is the biggest stumbling block right now. My husband works so hard to keep us afloat financially, I just can not put the stress of additional financial obligations on him.

    My goal is to complete this by the end of 2008.

    Jul 05, 2008, 08:24PM PDT | 2 cheers | 1 comment


    Michael Anderson The Holidays are upon us.

    Untitled 17 months ago

    Bad Experience! Still currently going through it, sheesh…

    Jun 11, 2008, 04:55PM PDT | 1 cheer | 0 comments


    Sarah_Messali

    I'd love to help you invest! 18 months ago

    I’m a real estate investor, living in San Diego, but I invest wherever there is a good deal. I would love to help you get started if you are unsure of how to start getting involved in real estate. Feel free to email me at sarahmessali@gmail.com if you’d like some advice.

    May 12, 2008, 11:05AM PDT | 0 comments


    sbrittain

    Untitled 20 months ago

    hopefully within a few years… my dream career…

    Mar 24, 2008, 09:15PM PDT | 0 comments


    XaymacaNomad is working on her first 5 things

    Closed & Repairs 21 months ago

    Closed Feb 14. The week before that was a frenzy of interviewing contractors. Pumbling work started on Feb 20. Electric and gas turned on on Feb 20. Target offer for rental Apr 1. Still more work to be done.

    Feb 22, 2008, 11:32AM PST | 1 cheer | 1 comment


    ashamilee

    Untitled 21 months ago

    We’ve just signed the loan on a house my father in law is selling to us @ 75% of fair market value. We then are going to turn around in six months or so and get a second mortgage and use that to purchase a house at auction. There is a group here in Spokane that is just real estate investors that buy at auction. They want you to own a home and have 20% and they will loan you the rest at a $3000 fee. Then they all meet the night before the auctions and decide who is bidding on what, and they are about 95% of the investors in this area, so you’re almost never opposed. Plus, they do all the research on leins and such, and garuntee their findings. They also work with realtors at reduced rates. My husband is already a member, and by March we’ll be moving into this home! We plan on living in it for less than a year and then selling it as well!

    Feb 14, 2008, 08:27AM PST | 0 comments


    tcaslin87

    Best one! 22 months ago

    Best one of all…
    And now is the best time to buy of all!
    :)

    Jan 26, 2008, 02:49PM PST | 0 comments


    XaymacaNomad is working on her first 5 things

    Rates 22 months ago

    Interest rates are down! Refinance or get your rate lock down before you close. I re-adjusted today.

    Jan 24, 2008, 08:43PM PST | 0 comments


    XaymacaNomad is working on her first 5 things

    Decision Made 22 months ago

    I made a decision to go ahead with the real estate purchase and have the oil tank filled. This goal may be filled Feb 2008.

    Jan 22, 2008, 04:38PM PST | 0 comments


    XaymacaNomad is working on her first 5 things

    A Decision 22 months ago

    This weekend I have a decision to make. Basically, they found and underground oil tank. Do I move ahead (try to get money from the seller) or do I end the contract?

    Jan 19, 2008, 04:06AM PST | 0 comments


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