Monday, October 19, 2009

BOLD STEPS IN REAL ESTATE INVESTMENT

Real estate investment has been thought to be an exclusive investment avenue for the super rich to invest and this thought has been around for a long period that people are already accepting it as a fact. To avoid making folly of him, prospective investors tend to wait until they have amassed a lot of wealth before they could delve into the venture or wait for the death of their rich real estate owner to die for the ownership of the titles to be transferred to them.
You do not need to wait amass wealth a lot that will finance the investment at once for it might take a lifetime saving such. The second option may not really materialize as some of those waiting for their rich real estate investor relative might die before them. On the other hand, the property could as well be bequeathed to an entirely distant relative or even to a public interest. They neither took a bold step of their own nor got their anticipated inheritance. The two options given above do not only delay the investor making him a slow investor as Robert Kiyosaki would say but equally tie his fate to uncertainty.
Investors are bold as such bold steps need to be taken in all their action. Our investment decision ought to be made by us. Mortgage arrangement through reputable financial outfits takes the investor out of the quagmire. You must be able to convince your banker before he could risk the money of his institution for your interest. Your investment plan must be clear enough to convince your banker. If cannot convince your banker it will be a surprise how you can convince one to invest in your property when it is ready for use.
The power of incorporations comes to play here. Ray Kroc, founder of McDonalds told an MBA class: “my business is not hamburgers. My business is real estate.” That goes to show why McDonalds owns most valuable real estate in the world. Let your business buy your assets.

2 comments:

Ana Cristina said...

Very useful information. That's what I was exactly looking for... Thanks for sharing!

Dhemz said...

thanks for the visit..glad to be here!