Investment Property

Do you want to be a millionaire? Heck Ya!

Did you know that the majority of all millionaires have made much of their fortune in Real Estate Investment? Consider the following questions:

Have you determined what dollar figure it is going to take to retire in the lifestyle that you currently live in? I am thinking... Millions...

Are you happy with the home that you live in? (How long do you want to live there?)

Do you have equity in the home that you currently live in? (most people that have lived in a home more than 5 years have good equity).

Are you more interested in material items or saving $$?

Have you considered leveraging your net worth to make money for retirement? (using someone else's money to make you $)

What is your Tax rate?

How much $ do you have to invest (do not include equity in your home)?

How much negative cash flow can you afford?

What is your reason for Investing?

Could you manage a property yourself or would you have to use a Management company?

What Rate of Return would you want? (%)

What type of property are you interested in? (single family, Duplex, 4 plex, 8 plex etc).

Is there anyone else involved in making this decision?

How Much Investment Experience Do You Have? (None necessary. Your Real Estate Professional and accountant can assist you)

The younger you start, the more likely you are to get that million. I asked myself these questions and then began looking at investing in Real Estate here in Des Moines. I am currently getting 5% return on my CD's and have averaged about 8% on my IRA. This seemed sufficient until I considered Real Estate. After researching, I found that I could be making 10-12% in Real Estate. Needless to say, I am on the prowl for good investments...