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FIB - Scams 101 - Ye Olde Archives
Posted By: Bill Cornelius In Response To: Re: HEY LARRY (Al Bert)
Wednesday, 25 May 2005, at 2:55 p.m.
"Many people get into real estate with relatively little capital. You have two options. The first is you can buy stock in either a real estate investment trust (REIT) or a company that’s heavily invested in real estate, and benefit from the ups and downs of that market."
"The other way to get involved in real estate with little capital is to put together partnerships. You may have little capital, but if you are willing to invest your time, energy, and expertise, other people who do have money to invest, but little time can be your partners. Putting together a partnership with other people so you can get enough capital to appropriately structure and buy investments is the way that most people get started in real estate. Often the first investment is with family and friends, and as you develop a track record, you can begin to entice other investors to join you."
"I hesitate to recommend that you get involved in the kind of real estate investment where you need only a small down payment, but take on a great deal of debt, because the risks are very high there. If you’re over-leveraged and everything has to work out, it rarely does. You need to protect yourself from the downside."
Bill Cornelius
Before you venture into "no money down" real estate ponder what Donald Trump has to say about the subject. This is a cut and paste of his response to a question about getting into real estate investment with little money. It comes from an archive at Trump University.
> Maybe I'm a little late to join this discssion, but I feel that providence
> has brought me to this board. This is my first posting here and I've been
> agonizing over whether to buy a real estate course that I was directed to.
> The author sounds preety credible and he does give a 90 day money-back
> guarantee. Would any of you check it out for me, as if it pans out, it's
> just what I need. I've been researching "No Money Down" deals
> for some time, and this looks like the all-in-one resource I need.
> The course can be found at:
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