My dream is to become a realestate investor by means of Fixing out dated homes and selling them. I plan to take real estate classes and also get a small buisness degree. Is there anyone out there with wise advice for a girl who wants to make her dream come true? I live in Michigan and the housing market is as low as its been in 35 years so I plan on waiting to start this until the market begians to recover. I have already invested in a home for my family Getting a great deal due to the market. The house appriased at 125,000. I bought it for 90,000 on a land contract 4% interest. I am going to pay $500 a month toward princable for 5 years leaving me with about 60,000 owed. I paln on using the equity to begian investing in other propreties. Good Idea or bad?
2006-11-06
13:03:06
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6 answers
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asked by
Shell
4
in
Renting & Real Estate