Your Questions About Investing In Real Estate

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Joseph asks…

Best Place to Market Real Estate Investing Services to Professionals in IL?

I am a new broker and my firm, I work for offers real estate investing services to professionals such as doctors, lawyers, accountants, entrepreneurs, business owners, and investors. I am looking for a way to maximize our visability for the services we provide in IL to investors looking to purchase real estate for the passive income, flipping income, and depreciation it offers. What would be the best venues to pursue to reach my target audience that would give me the best bang for my buck?

Justin answers:

I would recommend that you personally allocate 2 hours/day physically visiting the audience you seek. Prepare a script and get yourself in front of these people. You will be very impressed with the results. Good luck!

Paul asks…

I am 22 andinterested in investing into real estate. Can anyone suggest a good program that works?

I recently went to a Robert Allen seminar in phoenix, az. I was wondering if there is anyone out there that has taken his Creating Wealth with Real Estate program? It sounded like a great learning tool, and i wanted to do it, but i dont know if its just another one of those scams. Is there anyone out there that could give me some advice on how to start investing in real estate? suggestions on any programs to take? it would be very much appreciated! Thank you 🙂

Justin answers:

I’m 33, and have had some good results buying foreclosed bank properties at bargain price and 10-20% downpayment, adding some value by renovations and refurbishing, then marketing it as rent-to-own properties, asking for 15-25% downpayment/privilege fee, and asking for a monthly rental that is profitable in the sense that I am able to pay my monthly amortization to the bank with it, and keep a nice monthly profit as well.
I began 3years ago by attending Investing in Real Estate seminars given by URBAN Institute of Engr. Cruz, here in the Philippines. 2weeks. It was a BIG help. And also networked with real estate people doing the same technique, I decided to try it. Its safe, fast, and profitable.

George asks…

Can a non american resident get a bank loan for investing in real estate ?

I’m from europe and planning to invest in real estate in the US. Can I get a bank loan for that ? Do I need to be an american living in the US ? Do I need to create a business or something ? Or do I just need to find a property and a bank, as an american citizen would ?
Thank you

Justin answers:

Hi there, my name is Tammy and I’ve invested plenty in the U.S. You can get a loan here and the banks will typically ask for 30 percent down (used to be 20 but with credit tightening here..) and want to see your bank statements/proof of assets in your country.

A real estate investor and expert author, Maria Gudelis has written and published a recent article about

How a foreigner can buy real estate in the U.S.

That and you can find it below in the source section.

Chris asks…

Is there any way to leverage your money other than investing in real estate?

I know you can also invest in options, but the problem with that is that you can lose everything. Is real estate the only way to get leverage without the fear of losing everything?

Justin answers:

You can buy stocks on margin. US bonds on only about 10% margin. You can also buy futures on 10% margin. In all cases you can loose your investment as you also can with real estate.

Donald asks…

Are condos a good way to break into real estate investing?

I have always been interested in real estate. I’m 25 and I am really considereing making my first move on an investment property. I think a condo would be a nice way to start.

I realize condos don’t offer as much potential for profit as a house but they are for the most part cheaper and seem like a reliable stream of income if you can rent one out. I am interested in Orlando, Miami, and Las Vegas as potential areas.

I would prefer that people experienced in real estate answer this. Preferably someone experienced in condos. Thank You.

Justin answers:

Condos are a good stepping stone, yes. If you’re not going to live on the property, however, your loan will be more difficult because lenders prefer owner occupied properties over tenant occupied ones. Why not live in your first acquistion, perhaps a duplex? That way, you’ll get the best of both worlds. And duplexes have great resale value.

Whatever you do, DO THE MATH CAREFULLY. Condos have monthly fees which must be considered, and property taxes and maintenance add up. Make sure there is a positive cash flow or, if you live there, that considering your gaining a residence, it works for that reason.

Good luck!

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