I`m new in invest I`m looking for the best way to do it.
1- using conventional loan then resale the propertie?
2- hard money and resale the propertie?
please help to learn or to know wich one I have to use , thank you verry much for alll your help
2006-10-08 10:18:01 · 4 answers · asked by miranchitopaisa 1 in Business & Finance ➔ Investing
Ah, you want to invest in real estate? Don't know
You would be surprised at the number of good books at your local library on any subject.
2006-10-08 10:26:01 · answer #1 · answered by dredude52 6 · 1⤊ 1⤋
Whether you used borrowed money or cash is up to you. Most real estate investors use borrowed money so they can buy lots of property and if the deal does not work out they run away and hide, sticking it to the bank. If you are new, the most important thing to know is to sell the property for more than you paid for it -- that is called a "profit" and is very nice indeed. You can take your "profit" money and use it to buy something for yourself. Be sure not to sell the property for LESS than you paid -- that is called a "loss" and is bad for you.
2006-10-08 17:30:36 · answer #2 · answered by ErnestoV 2 · 1⤊ 0⤋
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2006-10-08 22:33:52 · answer #3 · answered by stock.geek 2 · 0⤊ 1⤋
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2006-10-08 19:27:05 · answer #4 · answered by Pay No Taxes For Life 2 · 0⤊ 1⤋