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Date Created: 12/21/15
Curt Cloyd Has Some Real Estate Investing Advice For You By: Curt Cloyd – Director Personal Wealth Academy, LLC Home prices right now are as low as they are possibly going to get. Unsurprisingly, now is the time where people who have the money try to jump into this pot of gold. Curt Cloyd explains that this is a real buyer's market. Statistics show that three homes are bought as an investment for every one home that is bought as a family home. Real estate investing is big business, clearly. Best of all, the same statistics also show us that this trend is not coming to an end yet. Curt Cloyd has brought together a range of the most timely real estate investing advice from experts across the industry. These tips are designed to help you understand why the real estate market is a fantastic opportunity for investment, but only if you also know what the pitfalls are. First Things First Firstly, it may be worth mentioning that although the collapse of the housing market has been the worst thing that could possibly have happened to many people, it is also the best possible thing that could have happened to those who have the money. This is truly the best time to start a real estate investment career, according to Curt Cloy and it is important to stop and recognize that. What we must remember is that most people who have made real fortunes have done so because they dared to invest in things that others were turning their back on. Hence, now is the time, because demand in houses from investors is going up and quickly. Learn Like You've Never Learned Before The first thing you need to do is learn, learn and learn some more. You need to do your homework and get your hands on all the information you can get to. Curt Cloyd warns you not to just buy the first property that seems ok. Take the time to visit as many as you possibly can before making any sort of decision. Some even recommend you visit between 50 and 100 properties before you decide which one to buy. Build up a spreadsheet with information on each of the properties you have seen. Curt Cloyd explains that there are certain things that you need to consider before making your decision. So, enter such data as the price of the property, how much monthly rent you expect to be able to get for it, what your budget for repairs will have to be and so on. This will teach you exactly what you are likely to have to pay out and how much money you need to have at hand. Remember that you will not be able to rent out your property the day you get it, so you have to have a safety net somewhere. Decide How You Will Pick the Property Now that you have visited all these properties and you have populated your spreadsheet, you need to think about how to make a decision. So, which factors tell if something isn't a good deal? A lot of this is personal choice, but Curt Cloyd can certainly help you weed the chaff from the corn, since there are some properties that will never be a good deal. Think about designing some matrixes. One of the easiest ©2012 Personal Wealth Academy LLC http://personalwealthacademy.com matrixes is to consider yield or expected return on investment. The official recommendation is to disregard properties that have an expected yield below 20%. Make Offers You are now ready to really get into the game. Curt Cloyd explains that the step you should follow now is to actually make offers. This is where it suddenly becomes real. Someone might accept your offer and then you are in it for the making. Be realistic however. You are buying these properties as an investment and you should not involve yourself in any of the bidding wars that people get into if they are buying a property to live in. You have to stick to your spreadsheet and the prices that are on there. If someone offers a better price than what you do, let them have the property. You must, at all times, stick to your decisions. Curt Cloyd advises people to see these decisions as principles. And you always need to stick to your principles. How this Strategy Works So how does this work? Curt Cloyd warns that it is still a speculative market and there are no guarantees. However, people who have followed these tips were able to secure no less than four investment properties within 90 days and do so with government backed loans. Curt Cloyd also explains that these strategies should lead you to owning ten properties within your first year. This is a lot, and you need to be ready to take this on. You must study not just the properties, but also the financial side of getting loans. Possible Alternatives One alternative is that you look into passive real estate opportunities available to you. This is very different and only suitable for those who don't really want to put in the hard work. Curt Cloyd explains that here, you back somebody that does the work for you. They find the properties, they populate the spreadsheets, they make the offers, they collect the properties and they manage them. All you do is back them financially. For many, this sounds like a great way to make money in an easy and quick manner, but you must be warned. Firstly, you need to have a whole lot of faith in the person who is doing the investing, since their decisions will impact on your finances. Also, you need to have excellent legal documents in place between you, in case something were to happen. Perhaps you want to back out, perhaps the other person wants to sell sooner than you, perhaps one of you comes into financial difficulties. All of this needs to be recorded and agreed upon. The risks with this type of investing are perhaps not larger than if you were to do it yourself, but they are certainly out of your control. Curt Cloyd has used his vast amount of knowledge to form Personal Wealth Academy. Their sole purpose is to to guide, advise and nurture real estate investors so they can gain financial freedom and independence faster and easier than they ever could on their own. ©2012 Personal Wealth Academy LLC http://personalwealthacademy.com They accomplish this purpose by providing training on cutting edge real estate investment strategies and mentorship through expert real estate coaching services. ©2012 Personal Wealth Academy LLC http://personalwealthacademy.com
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