The Mike Golden Team

Investing in Real Estate...

We have all seen the late night TV commercials on buying investment Real Estate, with other peoples money, and having a buyer for them before you even close!!!!  Right???? Wrong...

These "programs" that they will helpfully sell you, are simply ways for them to sell more of their own magic "systems" than they are to help you do anything.

Does anyone ever stop to think that perhaps, if they had this "never before seen" million dollar idea, that just maybe they would not tell everyone??

A much more realistic approach, would likely be someone (You) that had some interest in making additional money from investment Real Estate, either from the traditional rental property, to the higher risk "Flip" property...  some considerations that you should take involve questions like "Do I live in a 'flip' market?", "can I afford to carry this house for a few months before it sells?" or "Do I have the time to devote to getting this house ready to sell?"

Another consideration, is that if you find a "deal" on a house, that there are many people that have seen the magic videos, or have bought the "program" that tells them how to purchase homes for flipping, not to mention the people that are looking to buy it for a traditional rental property..  these people are all competing with you to buy this "deal" of a house.  If it is a good enough deal for flipping, it is easily a good deal for a longer term investor to pick up, he can outbid you on a home, and still have plenty of equity left to make it worth his while, whereas you have to take a lot more into thought on purchasing.. carrying costs, realtor fees for selling, repair costs, making up your closing costs from the purchase and so on.

Mike Golden - Your 24/7 Realtor

Contact Mike Golden Today

Mike@MikeGolden.net

(919) 270-4345