Is there a website caculator, that shows how to live off Real Estate Investments. By borrowing the equity that has bult up in the property's. Continuing to rent them out, then Borrowing the equity that has built up again?Thanks
Before you start, obtain a Real Esate license so you can do your own sales, make money that way too. You will also meet the right people and know the correct laws.
I dont know of site with a calculator liek thsi, but with the housing at such low prices now is the time to buy. within the next year at least, forclosed homes are a great deal often less than 100,000 for really nice homes.
I know one of those calculators. He just moved out of his over leveraged primary residence into an apartment that he did not need to submit to a credit check. He once laughed at me for not accessing the equity in my home. I had to get a court order to retrieve the business machines that had been frozen in his asset collection. I don't believe that you are keeping up with the current dislocations in the market that you inquire about.
Check your lease. There might be something in it about the landlord having the right to market the property while it is up for sale in which case this definitely falls within the scope of marketing the property. This is quite common. Check out any realty website and you will see hundreds of pictures of the inside of occupied homes. Unless the real estate agent is taking up-close pictures of your personal items and pictures this isn't really an invasion of your privacy. Taking a picture of a room (that just happens to have your furniture in it) is different.
You can do it but only if you know what you are doing. However do not believe the companies which tell you it's easy and will explain it all for a large fee - it ain't! In the current market in the UK (and I guess the USA is the same) funds are tight, margins are squeezed and you can't get 100% mortgages. My advice is don't start now unless you have lots of capital and are prepared to do a lot of leg work to find good deals in the right places. The companies that offer to do it for you are usually taking a profit themselves as they buy at a discount, sell to you at a profit having probably also taken procurement fees mortgage and insurance commissions as well. All their profit comes off your investment and reduces your equity. PS If you are in the USA you could get a Real Estate licence but every other person has one and you are unlikely, in the present market, to arrange many sales. In the UK you can be an estate agent without a licence but the rules governing property dealing ane tight - Google Estate Agents Act UK
