As the economy rebounds and the markets recover, there are growing investment opportunities for investors at all income levels. Although high profile moguls such as Donald Trump and the late Leona Helmsley propagate the perception it takes money to make money in real estate, the truth is that it takes patience and hard work. Real estate investment profits are a direct result of creating and executing a sound plan. No matter your investment goals, the first step is partnering with a real estate investment company and who can show you that you can afford to invest right now.
Many people assume that in order to invest in real estate, they must already have a large amount of cash on hand. The truth is that most investors do not invest hard cash. Financing for investment properties comes in a variety of forms and can be tailored to fit the individual’s needs and goals. A real estate investment company works with myriad investment types and has experience in obtaining financing for all levels of incomes and experience.
If you do have a small amount of cash on hand, you can still invest in real estate. The FHA loans are available to most consumers, but there are also lesser known loans that are easier to obtain. One such loan, which is affiliated with the FHA is the 203K loan. Like the FHA, it is federally sponsored, however, this loan requires a smaller down payment while still offering a low rate (3.5% currently). A real estate investment firm is able to help you determine your loan potential and draft a plan that will get your foot into the door of the local market.
Cash is not the only asset one can use to invest in the real estate market. Use your assets to create opportunity by financing securely through lesser known avenues. A real estate investment company can educate and walk you through the process of transitioning 401ks and other investment income into tangible property that will pay dividends year over year. As an investor, you can garner financing through local banks and owner financing with the help of a real estate investment firm that has an established relationship with such institutions. The investment company acts as a sort of co-signor. Though they do not actually sign the paperwork, they are there to represent you as a viable recipient of a loan and guide you through the process as a co-investor, because your success, ultimately, is theirs.
Once you have obtained financing and drafted an investment plan, a real estate investment company is now your partner in success. Working with your team, you will be able to find a suitable property and, unlike those who go it alone, suitable tenants. These firms work with many investors and realtors and have a large network of buyers, sellers, and renters who are ready to go. With this firm foundation, you can begin your journey of investing in real estate with confidence that you have a team behind you with knowledge, experience, and the tools to build a profitable future in real estate investment.