Grand Rapids Real Estate: "Thinking" about Real Estate Investing

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Real Estate Agent with Midwest Properties
By ericmedem on March 29th, 2009 | No Comments Comments | EditEdit this article

 

Are You "Thinking about Real Estate Investing"

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Isn’t it interesting that statistics show that 94% of you reading this will never get beyond the point of reading about real estate investing?

Do you just like reading about real estate investing? To give you the benefit of the doubt, maybe you got one of those emails that says “If you read these real estate articles Bill Gates is going to send you 1 Billion dollars as a test for Microsoft”.

One of the things that has been perplexing me lately is how many people “Think about real estate investing”. As if thinking about investing is ever going to allow for you to retire and enjoy your golden years the way God has planned for you. If I had a dime for every person over 50 who told me they “Have been ‘thinking’ about investing”, I would have already retired myself.

What is it about this whole “Thinking” concept? My best guess is that instead of thinking about how great life will be as a result of investing, people are thinking of all that could go wrong. The scariest and most overlooked thought, is that most of their imagined worst case scenarios, don’t hold a candle to the worst case scenario of not investing in the first place….

Right now in my home town of Grand Rapids, the opportunities for investment are limitless.  Right now much of the Grand Rapids Real estate is selling at a 20 year low….Yet virtually no one is taking advantage the insane prices that we are seeing.

For example, one of the 3 Grand Rapids Foreclosures that I sold this week breaks down like this

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In 2002 This home sold for $94,117

We paid $20,000

Take a look at this payment breakdown….

Estimated Rents on this 2 unit are $1100/month

Total Payment with NO MONEY DOWN is $126.41

$973.00 Gross Cashflow
$50.00 Insurance
- $125.00 Taxes

=$798.00 Cash per month

The scary thing is that deals like these are not at all uncommon.  At last count there were 58 two units in our market priced under $20k….

If you’re interested in retiring in style using Grand Rapids Real Estate ….And your not “Thinking about investing” Please feel free to call me direct at 616-635-0699 or email me at incomehomes@comcast.net

Be sure to pick up your FREE Real Estate Wholesaling Report “6 Simple Steps to Wholesaling Success” by visiting www.UltimateInvestorSystem.com

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Rainer
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Paul Gapski
Berkshire Hathaway / Prudential Ca Realty - El Cajon, CA
619-504-8999,#1 Resource SD Relo

No that is quite creative eric, who did u get to do the pick...lol

Dec 23, 2011 03:43 AM #1
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