Confucius Guide to Real Estate Investing
by Elliot Caldwell
Real Estate Education can be fun, simple and colorful while becoming a millionaire!
That is what investrip.com is all about. Have you ever asked yourself where do I get started in real estate or how can I keep going? If you are still trying to ask those questions look no Further, because we can help and we care! ***WARNING*** If you are not serious about making money in Real Estate don't read this article. Seriously stop now.
1st Educated Yourself {keep it fun!}
To know is to know that you know nothing. That is the meaning of true knowledge. ~ Confucius Quotes
Many people Jump into real estate without getting educated because they want to get rich quick. Those individuals are impatient for the most part. Hey to all funny guys out there... Real Estate Investing is not a get rich quick scheme, BUT the closest thing to it is logging into investrip.com daily.
Many Investors believe they know everything there is to know about investing in real estate. I made that mistake and it cost me dearly. It would have been better for me to spend the money I lost on education. Fortunately, I did learn some important lessons in my mistakes. I would say the most import lesson I learned is to educate myself. Unfortunately, education can be boring, and most individuals teach real estate the boring way. That is why we have created investrip.com to make things fun and to shake things up in the Investment Real Estate industry!!
2nd KISS (keep it simple stupid)
...or as my business partner Jacob Ash would say, KISS (keep it simple silly)
Life is really simple, but men insist on making it complicated. ~ Confucius Quotes
Investing is not a complicated thing, it is actually really simple, just takes some time and patience and you can learn everything there is to know. People being complex in nature tend to make things complicated. That is why many investors seek the complicated deal or the deal they think to be a secret. Please don't be the guy that says... when you have that really good buy call me up. A great deal comes along every day. Its Crazy the things I have seen people do for a deal that really wasn't a good deal at all. The goal for investrip.com is to keep things simple. Everybody is in a different point in there lives and not every investment is going to be the same for everybody. I also suggest putting together a team of experts to help guide you through investing in real estate. Where can you find the experts and knowledge you need? Of course at investrip.com, look no further were here daily to stay. Here are a few KISS definitions:
Real Estate: Land & Buildings
Cash flow: Total Annual Income - Total Annual Debt = Cash flow
Equity: Current Value - Loan Amount = Equity
Appreciation: Current Value - Original Value = Appreciation
Appreciation rate: (Current Value - Original Value) / Original Value
Capital Gains: Selling Price - Purchase Price (less improvements) = Capital Gains
Leverage: Doing more with less money. Purchase the entire property with only putting down a small percentage of money, and you borrow the rest.
3rd Take Action
The essence of knowledge is, having it, to apply it; not having it, to confess your ignorance. ~ Confucius Quotes
A part of the learning process is actually taking action. Once you know everything there is to know, put together a team of professionals and go out and buy a property or two. There are tons of Professionals out there that want to help you make that 1st step. On investrip.com we are going to have many different real estate specialists teach on different subjects. These will be individuals that have experience and passion about what they do.
4th Keep Learning
Learn as though you would never be able to master it; hold it as though you would be in fear of losing it. ~ Confucius Quotes
Don't be stupid and think you know everything there is to know about real estate investing. You always need to continue learning. The real estate market is always changing and the economy is always changing. There are some principles that will always remain the same but there is always variable change. investrip.com will always bring you the latest information about the current market & Sub-Markets. I admit that no one has a crystal ball, so there is always an element of risk. No one can ever be 100% sure of what is going to happen in the market. I have personally made hundreds of thousands of dollars doing the opposite of what market experts have told me to do, so don't always rely on one source. Always, always keep learning!
Inve$trip.com {Coming soon}
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