Investing in real estate can seem daunting if you've never bought a property before. Even if you have bought a property going through the traditional home buying process, it can be one of the most stressful experiences you'll ever go through. Getting qualified for a loan, finding the house, making offers, negotiating prices, going through inspections and appraisals and waiting to close can be draining to say the least.
Well I have good news...investing in real estate is not as stressful. First off, you are buying a home that you will not be staying in yourself. Believe it or not that is one of the most stressful aspects of home buying. When you know that you don't have to live in the home you are buying your requirement list goes down and your emotional attachment decreases.
That's not all...if you use a hard money lender you don't have the stringent credit and loan requirements and you can close a whole lot faster. True, the interest rate is higher but when you refinance your loan with a bank 60-90 days later to get a lower interest rate, it's a whole lot easier refinancing a property you already own then trying to get a new loan for a new property.
You can also do what's called wholesaling properties by securing a deal and then selling it to someone else for a fee. This is the easiest way to invest in real estate. You can act as a head hunter for deals and not have to deal with what they describe as "tenants, toilets and termites."
There are many ways to get involved in real estate investing and all of them have their challenges, but they all can be very rewarding and lucrative ventures if you practice due diligence and be creative when looking for opportunities.
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