Wealth-Coaching

Before looking into buying real estate be sure you know what the business is all about.  One way to be more secure in your real estate investment is to find a friend or business partner to come along on the journey.

If you could put 20 to 40 percent down on every purchase, it wouldn’t be a big deal to get started in real estate as an investment.  For anyone who doesn’t have that large stock of cash or would rather just hang on to it, there is the partnership.

Getting a home with tons of equity is not impossible if you know where to look and work a local network to assist you in your hunting.  To make it even better, try to get someone who is interested in becoming partners for the venture. 

Both parties can be equal equity partners in the investment and therefore have less invested in debt an nothing invested in cash. 

Let’s say that a home valued at $160,000 sold at auction for $70,000.  If you wanted to get a mortgage on this as investment property you would most likely have to have cash down or put up your personal property for collateral.

With a partner you each could have a small line of credit or an investment agreement with a local bank that would allow each person to borrow money without extra equity or cash out of pocket.

A partnership on real estate investing can be a great way to get in the business.  In my experience, it actually makes for quicker turn around most of the time with two people assisting in the sale of the home.

One word of warning:  Be sure that you are straight forward and document all agreements.  Get professional advice from a trusted source to coach you in this type of investment.