I'm 19, and I've been reading a lot about how investments in real estate make one rich. Is this true? I LOVE real estate and owning properties has always caught my attention and I now want to make it happen. How can I make it happen? Thanks!
If you have a goal or aspiration in mind but you do not know?have no idea?do not know} how to make it genuine then is since you are not between the fortunate individuals who guide their lives.
1st get good paying job 30,000 -50000 yearly then live on half as u save the rest. 2nd read in library. 3rd find some one who is doing what u want to do. intern under them for 2-5yrs. 4 go out and do it. 5 bankruptcy is often a side effect of going tooo fast.
No it can make your life worse because investing is a gamble Its good to have get rich schemes but they never work out The true way is to work hard
Read your agreement, I am guessing you had an alternative interval and that has expired. When this occurs the earnest cash turns into tough. However, you ought to seem and notice if the agreement is elegant on customer receiving financing or now not. The standarized varieties utilized in Texas have a field that's checked one whether it is conditional and one if it isn't. If it used to be now not, then sure, you'll be sued and most commonly have little or no safeguard for breach of agreement. And as earlier acknowledged the agent DOES NOT get the money. It is being held via an escrow agent and desires you to signal the discharge, so the money can also be transferred to the vendor. Are you operating with the vendor's agent, or do you've your possess agent? I cannot suppose your agent could now not have this elegant on customer financing. But if you're utilising the vendor's, I doubt it could be contingent upon financing.
Nope- investiing in real estate wont make you wealthy- Having great credit and access to large amounts of money, is what makes you wealthy. wealth is all about accumulation. the more stuff you have the wealthier you are. Credit enables you to buy- someone has to lend you money and they have to see a return on their investment thru lending you money- Now real estate can be lucrative, if you buy property cheap and sell it for a huge profit- that wont work if your only buying a few pieces land at a time. the only way to become donald trump, is you have to first gain the knowledge of real estate, and then next, you have to broker million dollar deals. if your small time, you will ean small wage- so in order to gain wealthy, you have to go where the money is- you wont make it in the country- you have to venture out and find a big city where real estate transaction occur on a regular basis...... and you have to be right there in the middle of those transactions- make good connections too- real estate agents that have access to big money, can accomplish a lot, they can buy a lot of property and sell a lot of property- so you have to learn a lot of basic skills- Negotiating- sales, contract- CONTRACTS AND LAW and the top subject you have to learn- to become wealthy- contract involves a set of promises to do something- you must learn contracts- if you dont know contracts, you wont be rich...... so my advice- Go to school- go to the best real estate program you can- learn everything there is to learn about the subject and then learn about business and credit and contracts and negotiating
