Real Estate Investing - Ten Myths

Written by Steve Gillman

Continued from page 1

4. Some investors have a "knack" for making money. Sort of. More accurately, some just tookrepparttar time and risk to learnrepparttar 148375 market and continue their education.

5. You need to knowrepparttar 148376 "right" people. It helps, so startrepparttar 148377 process. Talk to investors, real estate agents, landlords, etc.

6. You have to be great negotiator. If you learn to runrepparttar 148378 numbers and makerepparttar 148379 offers based on them, you can berepparttar 148380 worst negotiator and still do okay.

8. You need insider knowledge. Understand one deal, and you are on your way. Read and read more, butrepparttar 148381 best "insider" knowledge comes from experience.

9. Fixer-uppers are safe. People haverepparttar 148382 idea that doingrepparttar 148383 work themselves isrepparttar 148384 safest way to assure a profit. Not true. Mis-planned "fix and flips" have bankrupted even experienced investors. Most poorly purchased rental properties will only eat a little money every month.

10. The key is lowball offers. The numbers have to work, and you need a plan. You can offer MORE thanrepparttar 148385 market price and make money investing in real estate, if you understand creative financing - and how to dorepparttar 148386 math.

Steve Gillman has invested real estate for years. To learn more, and to see a photo of a beautiful house he and his wife bought for $17,500, visit

Do you worry about credit card debt and your card payments?

Written by Tony Bishop

Continued from page 1

Americans carry, on average, $5,800 in credit card debt from month to month. People, that's crazy! Credit card debt you don't pay off atrepparttar end ofrepparttar 148358 month is one ofrepparttar 148359 most expensive debts you can carry. Instead, why not take out a personal loan at a lower interest rate, pay off your credit cards and pay them off each month? If you can't summonrepparttar 148360 willpower to pay them off and not overspend, cut them up. Seriously. You'll save a fortune inrepparttar 148361 long run. Also, consider taking money from your mortgage if you have a felxible "draw down" facility and use that to pay off your credit cards... your mortgage will be one ofrepparttar 148362 cheapest forms of debt available to you. Of course, if you do this and then go back to overspending on your cards, it will land you with more and more debt, so ONLY take on cheaper debt to pay off more expensive debt. You'll save onrepparttar 148363 difference betweenrepparttar 148364 two interest rates.

Finally, please seek advice from a qualified professional before taking any action or not taking any action related to your financial matters. The author take no responsibility for your actions.

Author: Tony Bishop

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