What you and I as solo entrepreneurs want to create income for down the road and a lifestyle that doesn't include a job. We must see this as an opportunity to reach our goals (right here and right now) that may not come around again for another 10 years or so - and the market hasn't even hit bottom yet!
If you are the least bit interested in adding real estate to your solo income stream, and have about $100 to go along with your dream, it's not too late to get started. Granted, you may need a little more than $100 in some cases, but you don't need $100,000 either! There's always resources to do what you want if you want it bad enough.
With that said, this current real estate shakeout started in seriousness in 2005 but only recently has the mainstream media decided to scare hell out of people. The sky isn't falling.
For those willing to learn what to do with the opportunities around, now is the time to begin putting your massive wealth building plan into action and begin hoarding money like Midas! Good times are coming......
Remember with any sources I recommend, they all require you do your homework and get all your questions answered before you invest real money. Real estate investing comes with its own risks, so think carefully about what you plan to do as a real estate investor.
I'm listing places to point you in the direction to start - it's up to you after that.
Do you have very little money, decent credit and willing to follow instructions for a short time? Then give Lease Purchase Options some attention. The courses fit the smallest budget (you can start one for about $100) but all are well worth the price. I'm currently taking one of these!
A. Claude Diamond, Lease Purchase Mentor
B. Bill Bronchick, LegalWiz
C. Jeff Beaubien, Lease2Purchase
Lease purchase options not your thing? Check these resources to find out where all this is headed and how you can possibly get in while the timing is right.
The Ultimate Real Estate Guide Learn how you can get unsecured lines of business credit to use for investing in real estate.
Massive Passive Income Reduce your investing risk by getting involved in small apartment buildings.
Flipping Deals This is ideal if you know how to swing a hammer and these are the real estate transactions that require little cash or credit.
Want to find out about Carlton Sheets, Ray Alcorn and other real estate pros that you've heard about? REI Club has one of the best online forums for real estate investors. As a beginner, get feedback from those who are doing deals every day and have been in the business longer than those gurus you're going to find online.
Real estate investing isn't for everybody, no matter what the pundits (pundits = can't find their butt with a map and both hands) say. Only you know if you have the personality, time and patience to add this to your income stream.
Next post I have some resources on retirement planning. If you're in your 20's, fine you have plenty of time to keep dreaming (hopefully) and all the best to you. But if 40 is staring you in your face or 60+ is tapping you on your shoulder - it's time to get busy!
That's it for today and I leave you with this
"Wherever we look upon this earth, the opportunities take shape within the problems."~ Nelson Rockefeller
