Unlimited Riches: Making Your Fortune in Real Estate by Robert Shemin

By Robert Shemin

Robert Shemin stocks his confirmed thoughts for making an investment during this robust asset of actual property. He provides a step-by-step approach that allows you to comprehend and grasp an identical suggestions he hired to make his thousands.

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Unlimited Riches: Making Your Fortune in Real Estate Investing

Robert Shemin stocks his confirmed strategies for making an investment during this strong asset of actual property. He offers a step-by-step process that permits you to comprehend and grasp a similar suggestions he hired to make his thousands.

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Where are you going to be? What are you doing? Who are you with? When you make that first wholesale deal or do a lease option or buy, fix up, and sell a prop- 25 UNLIMITED RICHES erty, reward yourself. Take a small percentage of your profit and get that perfect day of play under way. Maybe you want to take a balloon ride, go on a picnic, go to the mountains, go to the beach, or go on a cruise ship—whatever it is, first set your goals by writing them down. If you do not have the energy to write down your goals, I can assure you that you won’t have the energy to make your real estate deals happen.

Your retirement account? Take the next two days, the next 48 hours, to make a plan. Decide where you are and where you want to be. Write down your goals and share them with others. You are on your way to developing numerous sources of real estate income. 27 C H A P T E R 3 To win without risk is to triumph without glory. —PIERRE CORNEILLE, LE CID, 1636 All Types of Real Estate: Their Advantages and Disadvantages N ew real estate investors always ask me what type of real estate is best: land, houses, duplexes, and so on.

What do you recommend? ” Foreclosures A foreclosure occurs when someone lends another person money to buy property and the money is not paid back. Because the property provides the guarantee for the loan, the lender has the right to take it back, usually through a first, second, or third mortgage or tax lien. 50 Every Possible Way to Find Great Deals in Real Estate Who lends money? In our country, mostly banks and mortgage companies provide property loans. Some governmental agencies have the authority to get a lien or judgment for nonpayment of funds owed (usually for taxes) and can foreclose on a property.

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