How much money do I need to begin in real estate investing?

Technically you don't need any (of your own that is). But it's a good idea if you have 5%-10% to put down. This doesn't mean you have to have that amount sitting in a savings account somewhere. It can come from your 401k, a credit card (very common), from an equity line of credit on your existing home, a Self Directed IRA, your mom, your friend, it doesn't really matter as long as you have the money available.

We partner with several local lenders that will only finance a deal if they believe it is a good deal for the buyer. They offer you a layer of protection that assures you that you're getting a good deal.

What about the horror stories I've heard about things tenants do to properties?

I guess if you're a landlord long enough, you'll have some sort of story to tell. But, for the most part, you will have very little trouble. We suggest using one of our management companies. They handle everything. You never have to deal with 2the tenants.

But, if you choose to rent the property yourself, you should wait until you find a tenant with some cash who has been in their current place for 2+ years. Find out why they're moving. If it's for a reasonable reason, then there should be no problem. If they're bouncing around from house to house every year, then they're probably going to do the same thing to you.

Tenants are people too. They want a nice place to live. They will generally pay you first before they pay their cable or phone bill.

Again, there are always the few bad ones out there but I personally have never had an experience so terribly bad.

What if I don't know anything about rehabbing houses?

You do not need to know anything about construction. All properties are in excellent condition when you buy them. The property management company will handle the details on the minor repairs and we have excellent contractors available. You would almost never spend more than $1,000 per year on repairs.

How high does my credit score need to be?

If you have a 700 credit score or better you could purchase10 houses per year with little money out of your pocket. As long as you're above a 620 score, you can do the programs we preach. If you're not, contact us anyway. We will assist you in getting your credit score higher so that you can begin your road to riches.