More income property investing myths.
Just when you thought we were done proving how easy it is to create wealth in real estate through income property investing, we’re back with three more reasons.
(continued from previous post)
Reason #4 – “Realtors are a difficult bunch.”
This is very NOT true when you work with Platinum...
Income property investing myths.
Why aren’t more people investing in income properties when it’s the most lucrative, safest choice in history? Good question. Probably because people would rather watch television than improve their financial condition. Sure, everybody says they want to get rich but what are they actually doing about...
Get serious about on-time rent.
Many contracts say that rent is due on the 1st of each month but the late charge doesn’t kick in until the 10th. So it’s no big deal if the check arrives on the 5th, 6th, or even the 9th. Right? We hate to break the bad news but your leniency on rent is only going to encourage more delinquency. You've...
Are you a fan of illegal discrimination?
Time to be honest with yourself. Do you have any nasty little prejudices hidden inside that might come out when it comes time to rent out your income property? You don’t have to answer this one out loud but take a moment to reflect. Heard of the Fair Housing Act of 1968? It’s the one that bans discrimination...
Mortgaging the future to pay for the present.
We just completed a recent post on mobile home parks, where the topic of affordable housing was brought up. Why is cheap rent still a perennial favorite in America and elsewhere? Seems pretty obvious to us why so many people are stuck in the trailer park.
1. It’s easier to stay anesthetized in front...
Too late to be a millionaire mobile park owner?
If you were starting out in real estate investing today, which direction would you go? At Platinum Properties Investor Network™, we believe that income properties are a great way to start, but another alternative to consider is a mobile home park. When we say mobile home, we mean either a traditional...
Are real estate seminars a rip-off?
Not ALL real estate seminars are a rip-off but you can get taken to the tune of several thousand dollars without getting much actionable material in return if you’re not careful.
Here are a few things to watch out for:
1. Be wary of price extremes. Very cheap or very expensive seminars should...
Don't be tempted to buy real estate with cash.
Your broker has turned you on to an incredible income property deal that will cash flow big time from the beginning because it’s already leased long term. You’re so excited you might pass out. There’s cash in the bank to cover the purchase. Pull the trigger?
Not quite that fast.
Despite antiquated...
Get off the fence, investors.
If you’re part of the crowd of millions tired of getting slapped around by Wall Street chicanery, it’s only natural to be hesitant about committing more money to alternative investments, especially when you’ve been brainwashed your whole life to believe stocks, bonds, and mutual funds are IT. There...
Your property is your product.
The property is your product.
If you own income producing property, you’re a businessperson and that property IS your product. Whether you’re looking for your first or 21st property, keep this in mind as you do your research because you’re probably quirky. This is no insult. We’re all a little...