Review: How being a private investor in real estate can earn you 12%
Rating: 5 out of 5
Date: 05 11, 2013
I've always been interested in investing in real estate, huge fan of shows about flipping houses, but this is better than the common approach of finding a house or condo to buy, getting a mortgage, and hoping to sell it in time to make a profit. As a private investor, you'll be giving loans for much higher interests than the banks to expert real estate developers that know how to do this. Why would they come to you? Because the banks aren't lending, they're demanding 20% down, FHA loans aren't available for rehabs, and quite frankly, flippers need to act quick and can't wait for the bank.This book is full of practical advice, for example, it's up to you to decide which particular property you want to invest in, you also have the right to demand title and property insurance with your name as the "loss payee" to protect your investment. They also have good advice about borrowing against your 401k or IRA without exposing yourself to tax liabilities. The book also has nice graphics, a great video, and the link of Mr. Cooga's and Mr. Yinh's company, [...]Frankly, I think this is a great alternative for those who don't want to play in the Wall Street casino yet don't want an annuity or bond that pays less than the rate of inflation.