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filler@godaddy.com
Signed in as:
filler@godaddy.com
I've heard the same objections countless times before from people just like you. Here are some of the objections I hear every single day:
Please don't be like all the others who say "I can't". Start learning to say "I CAN!".
Did not having the "expertise" stop you from learning to drive a car? Ride a bike? Learn to swim or use the computer? Buy your first car? Of course not. So why would it stop you from learning how to be a landlord?
For about the same price as a big flat screen TV at WalMart, you can have the down payment to buy your first property. If this is something you really want to do.... if you want to take a big leap in to an industry than can potentially make you a millionaire, I think you might find a way to come up with a couple thousand bucks. I certainly would (and I DID!)
Well, that's what real estate agents are for. Every small town has at least a couple. Every city has a few thousand. It's their job to know how to buy and sell properties, and to guide you along the process. I explain how to find an agent who has the background to help you.
So? Then call up a credit counseling office near you and tell them you need to go in and sit down for an appointment. Tell them you need to be put on the right track to improve your credit score such that you will be ready to buy your first building. This will take maybe 8 - 12 months, so while you are repairing your credit is also a perfect time to save up a couple thousand dollars for the down payment.
Again, this is where your real estate agent is going to help you. And, you are also going to have an inspection before buying your first property, so you will have a trained inspector review the property with you to help you avoid making any costly mistakes.
Is your cousin's sister's boyfriend an expert in the housing and banking industries?
Do you rent an apartment now, or in the past? Is your landlord any smarter than you are?
Well, fortunately, apartment buildings almost run themselves. They will need some care, such as lawns needing mowed, snow needing shoveled, and regular maintenance, such as replacing burned out light bulbs and having things like the furnace serviced. Finding the best tenants is the key to any successful apartment building enterprise. Once you have mastered that, then the building itself will just need regular, routine maintenance to keep in shape. And most people can do that by stopping by once or twice a week to check in on things. Can you find some time in your weekly routine by eliminating some other waste of time (such as TV)?
Well, if you're buying your first small apartment building, there is no law that says you can't live in the same buiding you just bought. It may take some time before someone moves out, so, if you can manage to actually LIVE in the same building you just bought, well, you could theoretically live there RENT-FREE, while other other tenants' rents pay for the mortgage and the upkeep. And living in the same apartment building that you own will make managing it easier because you're right there on-site.
Walking across the street is risky. So is driving a car. Flying in an airplane. Smoking cigarettes is risky.
You working at McDonald's or WalMart for the rest of your life is just as much of a commitment. I am showing you how I escaped an endless life of dead-end jobs like McDonald's and started making the American economy work for me instead of me working for it.
Your car is an investment. You can just as easily lose it, by having it re-po'ed for not making the payments, or if someone steals it, or wrecks in to it.
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