Investing in Real Estate
Financial freedom occurs when your income from investments exceed your expenses. This can be accomplished in a variety of ways, from the stock market to investing in rare coins, but none have the benefits that investing in real estate can provide.
Our Realtors with expertise in real estate investing can help you evaluate homes and condos, as well as assist you if you prefer to invest in multi-unit buildings.
Whether you are a seasoned real estate investor or just beginning, today's low interest rates and surge of interested buyers and sellers make it the perfect time to begin or continue investing in real estate. That's why we have partnered with OwnAmerica® Real Estate Investment Training. OwnAmerica® provides investor education and the accompanying tools to help build wealth in real estate. Ruhl&Ruhl REALTORS' experienced sales associates and OwnAmerica's winning philosophy are ready to work for you!
Ruhl&Ruhl REALTORS presents this FREE OwnAmerica Real Estate Investment Seminar, to help you read the housing market cycles, create an investment plan, identify markets with the greatest appreciation potential, find distressed properties, locate "diamonds in the rough" and analyze properties to fit your objectives. This seminar is everything you need to get your feet wet in real estate investing, or sharpen your existing skills.
Read on to see how you can get started investing in real estate, see the Investor Resources to start your property search or call 866.441.1776 to be connected with an expert in real estate investing!
Download our Wake-Up Money Real Estate Investor Information Brochure
Have you ever wondered what it would be like to wake up in the morning with enough money coming in that you could do what you wanted that day? We have many customers who have achieved (or are on the path to achieving) a "Wake-Up Money" lifestyle. Many of them have modest incomes but have become "rich" through their investment in local real estate - specifically homes, condos and duplexes. One customer in particular comes to mind who has never earned more than $30,000 in a year, but currently has over $50,000 a year in "Wake-Up Money" from his real estate portfolio.
Ask yourself these questions: Do I own a home? Has it been a good investment? What would my net worth be like if I owned 10 of them? What would my lifestyle be like if they were all free and clear?
What if you purchased 10 houses 15 years ago (average price then was about $70,000 each) and financed them on 15-year loans? Today your houses would be free and clear. Today, they are probably worth about $150,000 each and your portfolio of 10 houses is worth about $1.5 million. Your houses are probably earning a net income of $8,000 - $10,000 per month in "Wake-Up Money."
Purchase an Investment Property
There are several ways to purchase an investment property. Discuss all your options with an 1862 Mortgage Loan Officer, who can help you identify ways to meet your goals with your resources.
1. Refinance your home for a longer term and take out equity.
If you have owned your home for some time and/or have built up equity, you may be able to refinance for a 30-year mortgage, pulling all but 20% equity out to use as a down payment to purchase an investment property.
2. Refinance your home to a lower interest rate.
If you have a higher interest rate on your mortgage, consider refinancing your home and leave your payment the same. The money you pull out can be used to purchase your investment property.
3. Diversify your IRA by using it to purchase real estate.
Your retirement account such as IRA, SEP, Keogh or 401K, are not investments, they are simply special accounts that hold investments such as stocks, bonds and even REAL ESTATE! To use these funds for real estate, be sure to talk with your trusted financial advisor.
4. Build instant equity and reduce your down payment.
Having an experienced Ruhl&Ruhl sales associate help you find properties that can be purchased below true value is the best way to maximize your investment. If you can buy a property for $90,000 that appraises for $100,000, your lender may loan you $80,000 thereby reducing your down payment to $10,000.