About Investing in Rentals

The idea of creating a free web site outlining how to invest in real estate came to me about 5 years ago after spending another $1000 for some guru real estate course. Most of the stuff in the new real estate course was boiler plate information that anyone could find by reading a book at the local library. The new course really didn't provide me with anything new. In fact, I had purchased many real estate investment courses before spending 10's of thousands of dollars in the process. After that purchase, I got so frustrated with real estate guru's that I decided that I would put all the information that I knew on the web so that no one else would get screwed.

If you go to the Sitemap you will see an outline about all the major topics that a real estate investor will face. Don't waste your money on guru real estate courses! The 100 pages on this website will tell you everything you need to know about buying real estate for investment. If it's not here, just use the Contact form and ask.

• Why Real Estate is such a good investment
• How to set goals and plan your real estate investments
• What type of property should you invest in
• How to find real estate loans and other methods of financing rental property
• Making your first purchase of a rental property
• All the legal stuff involved in purchasing real estate
• How to fix up your rental property
• The best way to lease out your property
• How to sell your rental property

Hi, my name is Paul and I started investing in rental property about 25 years ago. Even before that, I got into the world of creative real estate financing when I purchased a new home and couldn't sell my old home (those were the days of 15% mortgage interest rates!). I ended up using "wrap around" seller financing to unload my first home.

Several years latter I spotted a house in a good neighborhood that looked grossly under priced. It was a single family home built in 1850 that had been converted to a real estate office. It was a wreck inside. I fixed it up myself and converted it to a tri-plex. Over the next couple of years I bought 12 properties and tried to fix them up and rent them out while holding down a full time job.

I made lots of mistakes and learned many things about being a landlord - many of them unpleasant. My employer transferred me to another State and I sold my rental properties. After a couple of years in my new location, I got the urge to invest again. Only this time I had found a strategy that eliminated most of the headaches.

In the 21 years of owning rental property investments, I've purchased over 30 properties - single, multi-family units and a commercial property. I've done short sales, bought foreclosures and used every type of financing technique known. I've also taught myself to do just about every job - from plumbing to wiring to drywall and even installing H&V systems.

I maintain an active portfolio of houses which I "rent to own" while still working full time. The properties have a positive cash flow and take up little of my time. The economy doesn't affect my properties because of the techniques I've learned - in fact the opportunity seems higher to me now because there are more motivated sellers and motivated buyers locked out by the reduction in available credit.

If you have any question, feel free to use the "contact us" form and I will try to answer them. If you want to know how I built my current portfolio of houses see Bootstrap Financing.

Paul

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