Investors everywhere are cheering at the news that Fannie Mae has rescinded the 4-property limit. The limit had been decreased to four properties, but recently has been raised to 10 properties that can be financed through conforming guidelines and insured by the mortgage giant.
Although investors could obtain non-conforming financing through other financing sources, it was often more
If you're considering purchasing a home or investment property and are trying to time the market to get the best deal ... don't!
Picture this scenario: Even at the bottom of the Grand Canyon, you'll find small hills and valleys, but they're still at the bottom of the canyon. Using the same analogy, although home prices may fluctuate a bit up and down, overall, they're still at or very close to
Posted by: Carleton Sheets in Rehab, Real Estate Market, Real Estate Investor, Real Estate, Lender, Investing in real estate, Interest Rate, Hard money, Credit crunch, Credit on
Nov 09, 2008.
My Coaches and staff members are fielding calls about the squeeze of the credit market every day. Let's face the facts ... it is difficult for many people to get a loan right now. Only those investors who have stellar credit and a down payment are able to take advantage of this market to buy properties at rock-bottom prices---at low rates of interest.
However, if you are like many investors,
A number of my students grew up with parents who had rental properties. And they have told me that, in their early years, they had to help dad (or mom) with small maintenance and repair jobs like cutting the grass, cleaning, or fixing a leaky faucet---when they would rather have been out with friends playing baseball, or at the movies, or doing just about anything else.
However, I have never
I have been getting a lot of feedback that the information on my website is contributing to your success as real estate investors---which is really exciting!
Many emails have included questions about specifics of deals that you are doing. That's great; however, although every effort is made to answer your queries as soon as possible, I encourage you to also post your questions on the
In the self-gratifying "now" society in which we live, I have noticed that patience has gone by the wayside.
No longer does anyone save their money to buy what they want. They just purchase it on a credit card and immediately their "need" is met---no matter how big or how small.
Real estate investing does not work like that. It is not a get-rich-quick scheme. Yes, there are exceptions to this
Posted by: Carleton Sheets in Success, Positive Thinking, Investing in real estate on
Jun 12, 2008.
My students tend to find that first step the most frightening. I did, too, back when I started. That first purchase might seem unattainable, but only because you've never done it before.
Here's an exercise that will help. Think of something else you did for the first time that had a positive result. (Skied down a hill? Fixed the light fixture in the hall?) Remember how you worked through the
Posted by: Carleton Sheets in Risk, Positive Thinking, Investing in real estate, Goals on
Jun 08, 2008.
For the most part, we are all "creatures of habit" who appreciate structure and predictability.
However, a status-quo mentality when investing in real estate could very well derail your career. Expand your real estate investment career by stepping out of your "comfort zone." Sooner or later, most investors require the exhilaration of something new to help to expand their horizons, to unleash
More people are discovering that real estate is a great investment. It seems that everyone either wants to own---or already does own---rental property. And because of the state of the real estate market and the lower prices, those who can jump in---ARE.
This could be a good thing! Here's why:
- You have a head start! Hopefully, you have had time to study my program, perhaps learn from
Posted by: Carleton Sheets in Positive Thinking, Investing in real estate on
May 26, 2008.
In the beginning of their careers, investors often exhibit the first signs of independence by disproving---and succeeding in spite of---all the naysayers who say it can't be done. These investors find their own unique paths in real estate---by networking and sometimes working with partners to discover the properties and creative techniques that work for them.
And there are an unlimited number
