Maximize Wealth Building Strategy thru Real Estate

Some of the strategies discussed in the book HOLD by Gary Keller on
how to get started to
maximizing your wealth building strategy
through real estate are:

• Use your 401(k) to purchase rental property
• Refinance to invest
• Ask grandparents to buy rental properties for grandchildren
• Examine and reduce your expenses
• Live on a budget below your means

Some Financing strategies include:

• Purchase properties with a 15-year mortgage
• Accelerate your debt pay down - regardless of your mortgage length (paying extra when you can)
• Use interest-only loans for cash flow
• Take advantage of self-directed IRA's and buy real estate rentals

What types of properties work best according to the book HOLD?

• Investment in single-family homes
• Buy "fixer-uppers" and make improvements
• Sell one property and buy two others
• Buy your retirement home now - have your tenant pay it off
• Exchange out-of-state investments for properties in a stronger growth area
• Use lease purchases - increase cash flow
• Buy foreclosures and short sales for instant equity

Let The Korn Team help you get started and take action. We have 13 questions you should answer before you get started on your real estate wealth building plan.

Get the 13 Questions you should ask yourself and know before you begin investing
registering is FREE, just complete your information and click "SUBMIT" and we will send you the questions

Investing in Real Estate Could Be
(even in these market conditions)
a GREAT wealth building tool.

 

Here are some strategies that are shared in the book "HOLD" written by Gary Keller

The Power of Leverage

Leverage is using other people's money (banks, mortgage companies, and owner financiers) to make money. Leverage multiplies your profit.

The Power of Leverage in real estate investments: Equity Build up

1. At the time a property is purchased you are at Market Value - little equity, little investment (20% down) and a lot of debt.
2. After some time, your Equity begins to grow. Your investment is still the same at time of purchase, and your debt is going down.
3. The equity begins to build while the debt is going down
4. eventually, when you have paid off the mortgage, your market value has gone up, your debt is gone, and all you have left is equity in a property that is worth more than it was when you bought it, and your investment never changed.

Contact The Korn Team if you would like to see the graphic of what this looks like. Remember, it is about doing it RIGHT!

• Buy it RIGHT!
• Pay it down
• Pay it off

Click Here to Find Your Propportunity (property opportunity) Now

Why is building wealth with real estate right for you?

If you are looking for financial security, retirement plans, pay for college for kids, travel fund, giving to others in need or if you want to leave a legacy to your friends, family and those who know you....real estate can be one of the best sources of wealth building in America...even in the roughest economies we have had. In fact, real estate might be the safest investment in any of the past economies we have ever seen.

Did you know:

• 58% of people have not determined their retirement needs?
• 15% of people are earning $50,000-plus in retirement?
• 17.5% of people 65 or older are delaying retirement?
• The median household income is only $50,000 per year

What does all this mean? If someone needs $80,000 a year today to maintain a lifestyle, and that person plans to retire in 15 years, and we know inflation will continue to increase on an average of 3% per year....that person would need $120,000 a year when they retire.

Other scary statistics about retirement plans:

• 87% of Americans rely on Social Security for some source of retirement
• 53% of Americans rely on income from assets for retirement
• 42% of Americans rely on public or private pensions for retirement
• 26% of Americans rely on earnings for retirement

Click Here to Find Your Propportunity (property opportunity) Now

Investment Tip from The Korn Team

Here is a recent response to one of our investors that buys and flips homes. We are currently listing a property (which they did make a good investment on) and wanted to give him some additional tips to consider for the next property he purchases.

One thing I may have mentioned in the past is to really keep your eyes open for 3+ bedrooms with at least 1 1/2 baths. When considering a one bath home you will want to be getting a SUPER SUPER good deal, and/or if you plan to ad a 1/2 bath, then I would be careful on those properties. There are so many 3 bedrooms with more than one bath currently for sale, and it really does seem to take longer to sell the one bath homes over the 1 1/2 plus bath homes.

Garages are another HUGE plus! Even having a one car garage has much more demand than a home with no garage.

Good luck investing. If you would like a list of the investment values in Kansas City, just give us a call at 816-224-KORN (5676) and we will sign you up for our FREE Instant Notification Program that will email you properties the day they become available.