Thursday, August 2, 2007

Getting To The Good Stuff...A Change In Direction

As with any education, a good foundation is crucial to moving forward. I covered the basic fundamentals of Real Estate Investing in the launching of my Blog site in July of 2007. I'm going to now change the direction of this Blog site and get into the material that makes me so passionate about what I do. I'm talking about the Blood & Guts of real estate investing.

The tone of my future posts will read more like an investing diary of my past and current experiences. I'll give you the unfiltered reality of "the game" and how it can change your life for the better. There are lessons to be learned from my mistakes and triumphs, and my hope is that it will make you a better investor.

I would like to address a question I've been asked on several occasions. Question being, "Why are you doing this and what are you getting out of it?" Human nature is funny to me at times. It's very predictable for the most part. I don't find it unusual to be asked such a question because we live in a world where people feel that you don't just get something for nothing...there must be a catch or an ulterior motive. I'm guilty of sharing that opinion at times, but I know for a fact that it is not always true. I'm truly doing this for altruistic reasons. Many of you, who know me, can attest to the fact that I willingly give information on investing without expecting anything in return. I actually enjoy helping people better themselves, and I get great satisfaction in giving back in any way I can.

Enjoy the site and tell a friend who might have an interest in the material. Once again, I look forward to your feedback.

Investment Ownership Review

Hopefully, after a dozen posts or so, you have a greater understanding of the basic fundamentals involved in Real Estate Investing. We've gone over why you should invest in real estate, the types of real estate you can invest in, the advantages and disadvantages of each type of real estate (I purposefully didn't get into commercial and trailer/mobile home forms of real estate for obvious reasons), how important your FICO score is to your success, and the importance of building an ample cash reserve.

Those of you reading my Blog are welcome to post questions or comments. The questions or comments you have may be of interest to other readers, and I will will promptly answer any question you may have. Just look for the "comments" link at the end of each post.