Saturday, May 10, 2008

Real Estate Investing Guide

Real Estate Investing Guide

There are many websites out there that provide material that can teach you secrets of real estate investing. Most of these courses cost a lot of money, but if you chose good, they can prove to be very rewarding. The major reason people most people are not interested in a real estate investing is that it requires a lot of money. This type of investing can be very rewarding, but is not easy to do, as it requires, besides a lot of money, a lot of your time, and of course, some luck.
There is so much that can be written about real estate investing that it would probably take almost a 1,000 page book to properly explain this subject.
I will try to explain things that I believe are the most important, but if you really decide to get into real estate investing you will definitely have to buy several books, courses, and to join some of the professional websites that deal only with the real estate investing subject.
Ok, so lets get started. First things first. What you need before starting to invest in real estate is:
1. The most important thing for a real estate investor is a good credit score. But do not forget that not only good credit score counts. After all a human being is finally approving your loan. Letters from your employer, landlord, etc. can mean a lot too. Also, your character, personality, what you will say to lender (have a good story to tell) and the way you are dressed, are very important as well. If you do not have a good credit score make sure you read my article, improve your credit score before getting into real estate investing. It mike take from several month to a year for your score to improve, but it is well worth the wait, if you want to invest in real estate.
What is Insurance?
Insurance is a way to manage risk and is used to protect against certain potential losses. Insurance customers pay a premium to an insurance company, which protects them against certain insured events. Having the right insurance cover to protect against lifes uncertainties is generally considered to be sensible financial management.
Types of Insurance

-Life insurance
-Income protection insurance
-Total and permanent disability
-Living expense insurance

-Mortgage protection insurance
-Credit card insurance
-Loan protection insurance


Real Estate Investment said...
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Real Estate Investment said...

Thank you for the tips on everything. I think you have covered most of the real estate investing FAQ out there.k