When is the best time to start?
We usually ask ourselves that question not just with regards to work but life in general.
The thing is, we already know the answer - the best time to start is NOW! The "taking action" part is what we are having a hard time with.
If you are still uncertain about taking action, watching this video can help you.
Do research, ask for advice from experienced people, and go from there. After all, "A journey of a thousand miles begins with a single step."
Often, I work with first-time investors, and they ask me,
"To begin investing in Real Estate, what should I do, and what's the first step?"
I would ask them, "Do you already own your home?" because that should be your first step. It would make a lot of sense to pay your mortgage rather than your landlords.
Let's say that you own your home; the question I would be asking is,
"Would you consider selling or moving up?".
If you've lived in that home for at least two years, it's a good investment if you're up-sizing from a condo to a single-family home or a condo to a townhome.
If you've lived in that home for at least two years, it's a good investment if you're up-sizing from a condo to a single-family home or a condo to a townhome.
The first property could make good sense to keep for you as an investment.
That allows you to sell it within the next 3 years and avoid the capital gains tax, and I can get into more details on that personally; all you have to do is give me a call.
What do you do if you don't want to sell or move?
Keep that as a rental and buy the next home
Save up some cash to have good credit
You're also going to need cash
Now there are "gurus" out there that say,
"Hey! buy there with no money and use other people's money, yadda yadda".
Yes, that is a possibility, and I can help you with that, but it's just not a viable solution for most.
If you're in Virginia, Maryland or Washington DC, or anywhere in the country and you have questions about a short sale process, or if there's anything we can help you in any way, you can contact our team: at 📱: 7035621788 or shoot us an email 📧: dan@greetingsvirginia.com:
Our Team:
Dan Rochon
John Root
Mudaser Jaura
Nichelle Calander
Talk to you soon.
If you're interested to learn more about Real Estate Investing or tips and strategies about Real Estate, you can reach me at 703-346-2776 or send me an email at Dan@greetingsvirginia.com. We will be more than happy to help you.
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Buying a Home is Easier than You Thought!
Here's a list of what you need to think about before you buy, and it will walk you through what you can expect from the buying process itself, plus tips to make life easier after you buy your dream home.
