Your main obligations as an owner of a multi-family investment property is to generate sufficient income in order to meet current debt services like your mortgage payment, property taxes, and maintenance and management fees. Once your income levels rise above your total debt services, you’re on your way to greener pastures.
What?!?! Me, working as an agent are you serious? Yes, we are serious. In today’s economy, one has to be the jack of all trades and master of none. If you have no experience in real estate, we have what we call real estate investing for beginners. We have some tips here that you might want to take a look at and can find it very helpful in terms of investing in a real estate. For a beginner, you might want to read up first before venturing out into inviting people to invest. Let’s call this real estate investing 101.
I’ve advised thousands of clients over the last 17 years for some of Wall Streets largest firms. I’ve seen a lot of things and a lot of different client situations. One thing I haven’t seen is a lot of happiness from stock investors. In fact I’ve seen far more discontent and anxiety.
Having ready cash allows you the flexibility of moving quickly when others can’t. It also gives you confidence and leverage when making your offers. That doesn’t mean you need to actually use your cash. merely having it is often enough.
Log on to the U.S. Treasury Direct website, click the “Individuals” link to open an account and buy short term debt directly from the U.S. government. T-Bills can be purchased in a number of different maturities.
The second reason is that most people do not have the endurance and patience to invest for the long term. It takes consistent contributions to your investment fund every month, for several years to take advantage of wealth investing. It can take 7 -11 years for your money to double, but once that happens, and you let your earnings double, and those earnings double, you’ve really struck it rich.
Choose the “Open a new account” option to create each new Treasury Direct account and link that account to your checking or savings account. Once the account has been established, you will be able to fund your purchases of Treasury Bills and Notes with the money from your bank account.