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Warren Buffett, —the great Warren Buffett, who’s usually a stock-and-company type of investor, declared a top piece of advice for people on how to get wealthy is: Get a 30-year fixed-rate loan because the 30-year fixed-rate loan is an unimaginably good real estate investing. For beginners, this strategy is quickly achievable.
Here is a little real estate investing for beginners tip that always holds true. One of the most amazing things that exist in the United States is the ability to get that 30-year fixed-rate loan. The effects can be astounding upon a closer look. The 30-year fixed-rate loan is where the payment and the loan balance never keep up with inflation while everything else in the U.S. economy expands with inflation, your mortgage stays at a fixed rate – it stays the same! Inflation actually erodes the value of the loan year after year. This is the heart of the process of real estate investing for beginners.
Real estate investment includes a lot; short-term rentals, and long-term investments. Many ask are rental houses a good investment, or what about investing in condos, renting duplexes, or single-family homes. Should it be short-term rentals, long-term rentals, larger apartment complexes, commercial property, industrial property… It’s a big universe, but for the individual investor, the real amazing sweet spot is the single-family home rental.
Coming up this quarter Adiel Gorel, owner of International Capital Group (ICG) is hosting a free virtual event: Remote Control Retirement Riches, along with experts to expound on real estate investing for beginners to answer questions and Adiel will reveal the best places to invest in 2022, available now, with the price pre-negotiated and the market analyzed. This all-inclusive event for investors is a huge hit and has afforded 1000s with upcoming Remote Control Retirement Riches. Don’t miss out, click icgre.com to register and set up the winning retirement plan today.
Specifically, regarding real estate investing for beginners Gorel focuses on brand new homes between $280k- $330k. Assuming a decent income, and decent credit, a beginning investor can usually qualify easily for the type of investment property that leverages the 30-year-fixed rate loan to provide for bountiful retirements.
Now, of course, the final resource needed is the down payment. The minimum investment or down payment that Fannie Mae allows an investor to put down is 15%, with private mortgage insurance or PMI. So when buying an investment property for $300k, then 15% will be $45,000 plus closing costs and loan costs— let’s say the total initial investment is less than $55k.
The single-family home is the most liquid investment to own, making it the logical first step in real estate investing for beginners. For one, when the time comes to sell it in a marketplace, everyone is a potential buyer. Duplexes and fourplexes could work if they are in good areas; however, in most markets, the duplexes and fourplexes are not in the best areas of town. The single-family home (which for you, the savvy investor, would also be coupled with the 30-year fixed-rate loan), will attract families, longer-term rentals, tend to be in better neighborhoods, and often with the new builds there is a tendency for the neighborhood to collectively maintain the properties keeping the curb appeal of the neighborhood to a high standard.
“Single-family homes are the most appropriate investments for “real people,” as opposed to uber-wealthy people, or the very experienced investors. The single-family home coupled with the 30-year fixed-rate loan is the perfect first step in real estate investing for beginners. – Adiel Gorel, owner of International Capital Group (ICG)
Exceptions could be duplexes in good areas. Under certain circumstances, and only if coupled with the 30-year fixed-rate mortgage on them. There is a lot more to say about real estate investing for beginners which will be shared at the upcoming Remote Control Retirement Riches Event. But to make it short and simple, single-family homes have a lot more benefits and a lot fewer headaches. Adiel Gorel and the guest speakers such as Brokers, management company representatives, and financial advisors all will be talking about how to invest in real estate, especially real estate investing for beginners. Adiel will be answering the most pressing question: are rental houses a good investment, in more detail at the upcoming event. Don’t miss out Click here ICGRE.com/guide to find out how to start investing in real estate in 2022.
Contact Info:
Name: Adiel Gorel
Email: Send Email
Organization: ALLUSA INVESTMENTS, INC
Address: 165 North Redwood Drive, Suite #250, San Rafael, CA 94903, United States
Phone: +1-415-927-7504
Website: https://icgre.com
Source: PressCable
Release ID: 89075150
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