Buy land, they’re not making it anymore.” — Mark Twain
Real Estate Investing can set you up with a great cash flow for your future!
Join April Rooks and Cindy Vandiver for a candid conversation about the basics of Real Estate Investing during this episode of the “From The Heart and Sold Real Estate Show”.
Investing in real estate has created enormous wealth for many people. As Cindy points out, “Buy land early. It’s like a 401(k). If you don’t do it early, you don’t reap the benefits over time.”
Advantages of Investing in Real Estate:
1. Great way to build passive income.
2. Predictable cash-flow when done right.
3. Real estate appreciates in value.
4. Real estate can be leveraged — ex: 1031 exchange.
5. Can provide retirement cash-flow.
6. Many different ways to invest in real estate.
Prepare Yourself Financially To Invest In Real Estate
1. Expect a 20 – 25% down payment on the purchase price
2. Banks need to see a minimum of 6 months cash reserves on hand to cover the principal, interest, taxes and insurance in an account to cover expenses should something not work out as expected.
3. Expect that interest rates will be higher than for a primary residence.
4. The banks like to see good debt to income ratios.
5. Take the time to do your homework so you can understand and accurately calculate ROI and risk.
This week’s “From The Heart Moment”
Kay Blackstock from the Georgia Mountain Food Bank was recently involved in an event with the Gainesville Housing Authority and a number of other organizations in Gainesville — the Gainesville Police Department, the Boys and Girl Club, Andrea Cheeks, Sean Watson, just to name a few. They served food to over 800 families during the event. All of the extra food was shared with the St. John Baptist Church later that day!
Contact April Rooks:
678 851 4992
Connect With April and Cindy:
Disclaimer: This podcast features Mortgage Banker, Cindy Vandiver, NMLS 164102, at Stockton Mortgage, NMLS 8259, Equal Housing Lender. Views and opinions expressed are those of Ms. Vandiver and do not necessarily reflect those of Stockton Mortgage. Ms. Vandiver’s information should not be considered to be legal or tax advice.