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| How To Make Money In Real Estate Without Buying Any Property: Become A Mortgage Broker |
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Wednesday, September 5, 2007
Property: Become A Mortgage Broker. Will Real Estate prices keep going up or will the bubble burst? Who knows? Either way, real estate is a risky business. Tying up all that money and having very little liquidity can spell disaster for any investor. In any hot market there are always ways to make money without taking any risk yourself. Just look at Levi Strauss. He traveled west during the Gold Rush to make his fortune as a gold miner. But he found that it was harder than advertised. So instead he did the next best thing, he started selling to the miners. He sold them something they all needed - jeans! And he made his fortune without risk. In fact, many of the store owners in that area got rich selling to the people who had the "gold bug" If you want to make money on the real estate boom, I suggest you sell to the people who have the "real estate bug". The people who want to get in on the bull market and make a killing. Sell them something they all need- money! You can do it just like I do, become a mortgage broker. Become a mortgage broker and you can easily make hundreds of thousands of dollars by helping other who want to get rich quick in real estate. There is very little cost to get started and no risk. When you become a mortgage broker, you can still keep your day job and work part-time while making a full time income. In many states you don't even need a license to become a mortgage broker. You can get started today! There is more demand for mortgage brokers today than ever in history. And demand will continue to grow. The U.S. population continues to grow. Everyone wants the American Dream of owning their own house. If you become a mortgage broker you can make that dream come true for your fellow Americans. If you want the cards stacked in your favor you should really look a little closer at the trends that give more reasons to become a mortgage broker. - The U.S. Population is growing exponentially. - Americans are saving less then ever before - if someone wants to buy a house, they have to borrow money. They have no choice. They must use your service. - As home prices go up, so do mortgage broker commissions. The fees are a percentage of the loan amount. - More and more people are buying second homes and vacation properties. - Over 65% of people getting a loan use a mortgage broker instead of a bank. When you become a mortgage broker and work part-time you can work from home and keep your day job. If the market goes up - great!. If the market goes down, people will be selling their homes and investors will be buying. These investors will need loans from you to buy. You make money either way. You could also be a real estate agent. But you'd have to drive people around all day. Becoming a mortgage broker means you can sit in your office while people come to see you. There is no need for you to go anywhere. After you become a mortgage broker, life will never be the same. Ameen Kamadia, "The Millionaire Loan Officer" is a mortgage consultant, coach and trainer. He still does loans in his free time. To learn more about how to become a mortgage broker visit http://www.mortgagebrokertraining.com Choosing the Right House Plan Choosing The Right House Plan Everybody would like to live in a mansion or a sprawling ranch but there are many factors to consider when choosing a house plan. There are also a few pitfalls that can be avoided by doing your homework and making the right choices. Before you commit to buying a stock or custom house plan, you should know how much of a house you can afford to build. A good place to get this information would be the bank that you might use to get your loan from. Once you know what your budget is, you can determine how much house you can afford and pick a house plan that fits that budget. One way to accomplish this is to call several homebuilding contractors in your area. Ask them what the building costs per square foot are. Not all contractors are willing to volunteer this information, but you will find enough of them that are willing to help at the prospect of gaining a customer. With this information you will be able to determine the square footage of a house plan you can afford. If your budget is $200,000 and the cost per square foot is $100, then a 2,000 square foot home is in your budget($200,000/$100= 2,000). Another consideration is the size of the lot you intend on building your home. You don't want to invest in a blueprint for a house that won't fit on your lot. Check with your municipality or county on the distances you must have between the building and the lot lines. Most have rules on how much backyard you must have and how much your house must be set back from the street or building line. Some towns and subdivisions also have what are called covenants. These are rules that dictate what you can and cannot build. Some of these covenants might include the minimum square footage house you can build, brick or frame construction, minimum roof pitch, and types of building materials you are allowed to use. These are some of the important things you must consider. Building a new home the biggest investment you'll ever make. Doing a little homework will keep you from getting an unwanted surprise and wasting time and money on a plan you can't use. (c) 2005 Mike Merisko www.sawkerfs.com About the Author: Mike Merisko has been a carpenter for 26 years. Most of those years were spent in the homebuilding and remodeling industries. He was also in business as a carpentry and general contractor. While that is his forte, he also has experience in bridge building, commercial construction, and exhibit building which is how he earns his living these days. You can browse through articles by him and others at his website www.sawkerfs.com California Real Estate – Appreciation on Steroids For the last five years, owners of California real estate have been hitting the ball out of the appreciation ballpark. Yes, a real estate market on steroids. California California is heavily populated from north to south along the coastline, but they state offers significantly different ecologies. In Northern California, one is much more likely to see signs of the four seasons, get cold temperatures and more historic feel in locations such as San Francisco. Southern California, on the other hand, has an extremely moderate climate with temperatures rarely dipping below 60 degrees even in the winter. Rainfall is also scant with San Diego receiving roughly 11 inches a year. If you are considering moving to California, there are two constants throughout the state. Traffic So many people have moved to the state that traffic can be a real issue even on weekends. Los Angles traffic is legendary, but San Francisco and San Diego have their own congestion problems. Earthquakes Earthquakes are a constant throughout the state as the San Andres Fault bisects much of the state. Earthquakes happen all of the time, but they are typically very small. If you live in California for more than a month, you won't even notice them. Beaches, Sun and Culture There are serious benefits to living in California. Foremost, of course, are the beaches. If the thought of spending weekends and evenings on the beach appeals to you, this is the place. You'll pay a premium for it, but there is nothing like it. For example, the temperature in San Diego on October 5, 2005, the day I am writing this, is 79 degrees! California Real Estate California is an incredible place to live and real estate prices reflect it. Single-family home prices average as follows for the three major metropolitan areas - $620,000 for San Diego, $1,300,000 for central San Francisco and $750,000 for central Los Angeles. As a general rule, the closer the home is to the ocean, the more it will cost. As shocking as the prices are, the rate of appreciation is downright impossible to believe. In the last 12 months, California real estate has appreciated over 25 percent. For a 500,000 home, that is a gain of $125,000 in 12 months. Steroids indeed! Real estate is all about location, location, location. While this is certainly a cliché, there is no doubt it is true in California. Raynor James is with FSBOAmerica.org - a FSBO homes for sale by owner site. Visit our "Sell My Home" page to list your FSBO Home or visit our home buying page to see homes for sale. |
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