Real Estate Investment Planning - The Old Way
For many, Real Estate Investment Planning is simple: Purchase a dream home with as much money down as possible and then pay off the remainder over the life of a fixed rate mortgage. Then, at the end of 30 years (15, if you were one of the "smart ones"), you invite your friends over for a mortgage-burning party.
There you have it, Real Estate Investment Planning 101 - Pretty old ideas, huh?
"Too often, people buy homes in a vacuum, without considering how that purchase is going to affect other aspects of their lives. This can be a big mistake, and therefore you must recognize that owning a home holds very important implications for the rest of your financial plan. Although a fine goal, owning a home is not the ultimate financial planning goal … how you handle issues of home ownership many well determine whether you achieve financial success." (Ric Edelman, The Truth About Money).
Real Estate Investment Planning - The New Gurus
On the opposite end of the spectrum, Real Estate Investment Planning has become the new pulpit for the self-proclaimed financial gurus. Turn on any late night cable station and learn the latest techniques for conquering the world of real estate investment.
"Flipping" -- "Bird Dogging"
"No money down" -- "double-digit cap rates"
When it comes to Real Estate Investment Planning, what's truth, and what's not? When it comes to Real Estate Investment Planners, who's ethical, and who's not?
Real Estate Investment Planning - The Truth of the Matter
Real Estate Investment Planning is simply one part of the overall financial picture. At Personal Equity Institute, we understand how to manage your home mortgage and equity to create real wealth! We can help structure a powerful plan that safely puts your mortgage interest to work for you!