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RE: I need investment advice

carl.milton@propertyshowrooms.com — Thu, 31 Jan 2008 17:06:37 GMT

Hi Tom,

After reading you post we thought it was nessasary calm peoples fears surrounding the recent headlines. We have written an article which, i hope, will re-assure you.

Many thanks.

Admin

http://www.propertyshowrooms.com/brazil/property/articles/brazil-shark-attacks-explained_1653.html

RE: I need investment advice

tom janus — Mon, 28 Jan 2008 13:01:16 GMT

I am thinking of investing in a development in Brazil, The Reef Club near Recife. It is billed as an eco resort and looks high quality, but I have heard that there is a problem with shark attacks in this area - does anyone have any info about this?

RE: I need investment advice

1stchoice — Sun, 27 Jan 2008 01:13:48 GMT

Semetha,

I am going to take a slightly different path to reply to you. Prior to becoming a luxury homes real estate investor I was also a mortgage broker. I have seen the market change, but then all things do. I'd like you to take fear out of the equation and put some written plans in place instead. Remember... that which we concentrate on MAGNIFIES. Be it good or not so good, the las of attraction works for us, and it goes with us in the direction we are headed.

With that in mind. I'm going to ask you some questions.

1) Do you have a Contingency Account that will cover the mortgage payments on the houses for at least 2 months? The reason for this is you want to know that you can cover both if anything unforeseen happens.

2) What exit strategies have you come up? You need to know your options and how you will get the required results before you buy.

3) What is the market like in the area you are considering purchasing in? Are home prices going up, are homeowners going into foreclosure, is the neighborhood geared towards renters or homeowners, and what kind of new developments are planned in the immediate area? These are things that will also help you make an informed decision and get the best ROI.

4) Is there a REIA near you that you can become a part of? You will learn a lot there and may find someone who is willing to mentor you.

This is enough for you to think about and hopefully get out pen and paper and work on your plan. Remember to be comfortable with your decisions and do what is going to benefit you and those you love.

If I can help with anything, please let me know.

Wishing you success!

RE: I need investment advice

tomshaw — Fri, 20 Jul 2007 21:48:41 GMT

I would like to know more about the 2 property deal? is it a no money down deal? is it off plan?? on the face of it i would say you are taking on a hell of a lot. I have been brokering deals for a long time and the best bit of advice i could give you is to start with something small and 'learn the ropes'. There are a hell of a lot of costs/problems that can come into play and you need to be able to allow for them. If you want to give me more detail i am more than happy to give my proffesional opinion

RE: I need investment advice

wilson_flagg — Thu, 19 Jul 2007 06:13:46 GMT

Any Investor whether it be real estate, stock market, etc. needs to visit this site before jumping into the world of investing. It can get quite hairy at times. If you are scared now? you are in for quite a ride. Real Estate investing isn't all its cracked up to be for A LOT of people. Most jump into it because of the success stories, having no real clue what they are doing out there thinking that its fool proof...There are many fools in Real Estate.

One quick statement...Those who invest don't become wealthy with the "low risk" investments. High risk pays high dividends! Low risk pays a salary!

You can't be scared to loose. Sometimes putting it "ALL" on the table makes you work that much harder to become successful and in turn will make you SUCCESSFUL! If nothing is on the line, you have nothing to loose and 9 times out of ten...YOU GAIN NOTHING!

Check out the site www.getrealrei.com. It will give you the confidence you need to go into Real Estate Investing! Good luck!

I need investment advice

Semetha — Wed, 18 Jul 2007 14:26:40 GMT

I am thinking about doing a 2 property deal tomorrow and would like to hear what you think about it. The properties are in extremly desireable areas of the Phoenix metro area(3,000 sqft. in Chandler & 1700 sqft. in Gilbert). Chandler property is a sale price of $515,000 and the Gilbert property is a sale price of $360,000. I will get a total of $65,000 back at the close of both properties. I will live in one and rent the other out. I plan to use the money to do a couple of rehab projects. I can borrow from hard money and use my 65,000 to do the repairs. These type of projects are hard to find but still can make $10,000- $15,000 profit off of each. Also I want to invest in some pre-construction projects but will have to make some quick cash first to pay my 2 huge mortgages. My problem is I am scared to do this deal. What if it goes wrong? I have never even owned a home before. I am young and have never invested money in anything. I make decent money but not enough to cover this mortgage for to long if my plan does not work out. I do know a good deal about real estate, I am a mortgage broker with a background in construction. I think this will all work out but like I said I am afraid to think what will happen if it don't. Please give me any words of wisdom you may have. Thanks from th bottom of my heart.