Real Estate Investing: Q&A- Trouble Understanding Where to Start

Question: I have A.D.D. and I am having trouble understanding where to start.  I just can’t hear this, this, and this.  I need to know why I need to start there and how. Can you help?

Answer: There are many successful beyond millionaires who have A.D.D. in the real estate industry or any industry.  It is up to you to decide whether or not you will allow this to hold you back.  Everyone has their own way of learning and you will need to determine what that is for you.

Understanding Where To Start

As far as needing to know why certain information is required, it is best for you to take one thing that you don’t know and read a variety of books, listen to audios or look at video on that subject so you can get a better understanding from many different views.  There are many things in the real estate industry that can stop someone before they even start but you must realize that majority of the methods out here have been proven to work.  It may be hard to take someone’s word for it but just taking action on a method will go a lot further than just over analyzing it because you would have created an experience.  When you actually get out there and do something, it’s not just on paper anymore and fluttering in your mind.  You have taken action towards something you didn’t know about or fully understand.

Wholesaling requires marketing to find sellers who need to sell their home and cash buyers to purchase them. If you are into other forms of real estate investing, say rehabbing to fix and flip, you will need to locate properties for cheap. In order for people to know what you do and what you are looking for, you must market yourself and your business either by word of mouth, or passing out business cards/flyers, social networking, to name a few. There are other things you need to consider like funds to purchase and rehab, system to follow, what you plan to do with the properties, etc.

Wrap-Up

NO matter what you face in life, there is always a way to overcome it.  There are plenty of resources available that you will be able to relate to. When understanding where to start, read or listen to books on a topic. Take what you have learned and implement it into your business. The main thing you need to remember is that you have to look within yourself to find the determination to keep going, NO MATTER WHAT!

Go out there and start marketing in your target area to generate the leads you are going after and see what happens.  Success nor learning happens overnight. Taking action will help to overcome some of the fears of not knowing enough. Many people learn with experience. Document what you did and follow and tweak it to make your own system.

For more information on marketing, please check out our post “6 Marketing Strategies Every REI Should Know.”  Did this help you? If so, please do us a favor and share with others and comment below.

To Your Success!

Real Estate Investing

 

 

 

 

 

 

Supreme Investing Group, LLC

Email: sig@supreme-investing.com

Quote

“Unsuccessful people make decisions based on their current situations. Successful people make decisions based on where they want to be.” – Quoteistan.com

HOW MUCH MONEY DO YOU NEED TO RETIRE?

[social_share style=”bar” align=”horizontal” heading_align=”inline” text=”” heading=”” facebook=”1″ twitter=”1″ google_plus=”1″ linkedin=”1″ pinterest=”1″ link=”” /]Have you ever considered how much it would cost you to retire comfortably? Take a moment to think of a number and then read on.

When considering retirement, you should be taking into consideration the number of years you will need to live off of, recurring monthly expenses, vacations, helping a loved one in need, and other expenses such as repairs (house, car etc.), prescriptions, medical, the list can go on and on.

I have included a small worksheet for you to complete to determine how much you will need.

How much have you saved so far and how much more will you need to get to your retirement number. This worksheet may have shocked you to see that you are no-where near the number you need to retire comfortably or at all. I remember a humorous message saying “I will be able to retire 5 years after I’m dead.”

For many they celebrate their last day on the job and are happy and ready to enjoy their retirement. A few years later they have to re-enter the work force because they can’t afford it. Some may have reached a certain age and they were let go and they have to go work somewhere else for less than they were getting paid for. The sad reality is that over 80% of Americans don’t have enough to live comfortably now, not to mention having the money to save for retirement.

What if you saved $400,000 and you expect that you will live another 25 years? That’s approximately $1333 a month which is $308 a week. This does not include the extra expenses you would want and need to have to enjoy your retirement. How long do you think you could live on that before you have to re-enter the workforce? According to Forbes, the minimum retirement target number is $1,800,000. Are you even remotely close to saving over ONE MILLION DOLLARS??

There are many low risk opportunities you could invest in that can help you to supplement the income that you are lacking such as Certificates of Deposits (CD), Treasury Inflation Protection Services (TIPS), Money Market Returns, Municipal Bonds, U.S. Bonds, Annuities, Cash Value Life Insurance, Dividend Paying Stocks & Mutual Funds, Preferred Stock, Collectibles (Art, Coins), etc.

But the kind of return will you get from these investments could average around 3.5% APR. How many years will you need to have your funds sitting in these accounts before you reach your financial goal? It doesn’t have to be that way.

A great method to investment your hard earned funds is through real estate investing which can earn you anywhere between 8-15% return on your investment (ROI). One great thing about real estate is it’s secured by the property itself through the Promissory Note, Mortgage, Lender’s Title Insurance Policy, and Hazard Insurance Policy.

We are a Michigan based real estate company and we are looking for individuals who want to earn high returns on their investment. We specialize in private banking/investing techniques and we can show our investors how to use qualified retirement accounts to invest in Real Estate on a tax deferred or tax free basis. We can show you exactly how to set up this great investment strategy! When we come across an opportunity, we will contact you and ask if you would like to invest or pass on this particular transaction. The choice will always be yours. By the way all transactions will be handled through a real estate attorney or title company.

Want to learn more about investing in real estate with us, please call 847-235-9734 to hear our 24-hour message or visit our website at www.mi-realestateinvesting.com/investor.