Real Estate Investing: 2 in 1: How to invest in real estate, build credit, raise your credit score, leverage credit lines & achieve financial freedom with commercial, wholesaling, single family homes
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Want to know how your credit score will affect your new venture?
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Investing in real estate can seem daunting, especially for those who are just starting out. Most people have several reasons why they choose not to, or they might be having second thoughts.
What if I don't have enough money to do it? What if I have a low credit score? Can this affect my changes of success in real estate? How can I rectify it?
With this bundle, you will learn what you need to know to get started with real estate investing and might even allay your fears towards some questions every real estate beginner has.
You'll also better understand your credit score and how you can repair it, so you'll be ready to dive into real estate investing
Books included:
Take control of your finances and manage your credit score. Plan ahead and get yourself and finances ready for real estate investing!
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Income Mastery
Phil Wall grew up quite poor and had to learn the value of "money" through hard work and perseverance. He has worked numerous low wage jobs like being a waiter, fast food counter cashier, and dishwasher. However, he managed to get a college degree and started to work at numerous banking positions. He enjoyed writing about money and helping others through writing books.
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Real Estate Investing - Income Mastery
Real Estate Investing:
2 in 1:
How to invest in real estate, build credit, raise your credit score, leverage credit lines & achieve financial freedom with commercial, wholesaling, single family homes
By
Income Mastery
Real Estate Investing
How to invest in real estate and build true passive income to achieve true financial freedom with commercial, wholesaling, single family and multifamily homes
The Passive Income Blueprint
Credit Cards and Credit Repair:
How to Repair Your Credit Score, Increase Your Credit Score, Leverage Credit Lines and Travel For Free Using Credit Card Rewards and Points
© Copyright 2019 by Income Mastery - All rights reserved.
This document is geared towards providing exact and reliable information in regard to the topic and issue covered. The publication is sold with the idea that the publisher is not required to render accounting, officially permitted, or otherwise, qualified services. If advice is necessary, legal or professional, a practiced individual in the profession should be ordered.
From a Declaration of Principles which was accepted and approved equally by a Committee of the American Bar Association and a Committee of Publishers and Associations.
In no way is it legal to reproduce, duplicate, or transmit any part of this document in either electronic means or in printed format. Recording of this publication is strictly prohibited and any storage of this document is not allowed unless with written permission from the publisher. All rights reserved.
The information provided herein is stated to be truthful and consistent, in that any liability, in terms of inattention or otherwise, by any usage or abuse of any policies, processes, or directions contained within is the solitary and utter responsibility of the recipient reader. Under no circumstances will any legal responsibility or blame be held against the publisher for any reparation, damages, or monetary loss due to the information herein, either directly or indirectly.
Respective authors own all copyrights not held by the publisher.
The information herein is offered for informational purposes solely, and is universal as so. The presentation of the information is without contract or any type of guarantee assurance.
The trademarks that are used are without any consent, and the publication of the trademark is without permission or backing by the trademark owner. All trademarks and brands within this book are for clarifying purposes only and are the owned by the owners themselves, not affiliated with this document.
Table of Contents
Book 1: Real Estate Investing
Introduction
Chapter 1: Common Questions Every Real Estate Beginner Asks
Chapter 2: Being at the Helm of Your Financials
Chapter 3: Getting Organized
Chapter 4: Real Estate Investment Niches
Chapter 5: What are the different real estate investment strategies?
Chapter 6: How to find great real estate deals
Chapter 7: How to finance your real estate deals
Chapter 8: What are the different real estate exit strategies?
Chapter 9: Getting more done in less time
Conclusion
Book 2: The Passive Income Blueprint Credit Cards and Credit Repair
Introduction
What is Consumer Credit?
Understanding Your Credit Report
Understanding Your Credit Score
Checking Your Credit Reports and Scores
What is the VantageScore Model?
What Influences Your Credit Rating?
What Does Not Affect Your Credit Score
Understanding Credit Cards
Scaling the Credit Card Ladder
Understanding Business Credit Cards
What Is A Credit Card Balance Transfer?
Securing Your Credit
Strategies for Credit Repair
Common Credit Pitfalls to Avoid
Funds Creation Blueprint
Conclusion
Book 1: Real Estate Investing
How to invest in real estate and build true passive income to achieve true financial freedom with commercial, wholesaling, single family and multifamily homes
By
Income Mastery
Introduction
Congratulations! If you bought this book you have taken the first step in moving towards a future where you could be building a stable future with the help of passive income. There are many people who are interested in real estate investment, but not nearly as many who actually take the steps necessary to begin investing. Now, if you do not know anything about real estate investing, do not worry too much, the whole purpose of this book is to give you a solid foundation to begin investing. If you don’t know anything about investing at all, that is perfectly fine too. All you need is an interest and a drive.
What is real estate investing?
REAL ESTATE INVESTING is the process of buying, leasing, or selling land or structures, with the intent of gaining money. If you have ever watched a home makeover show where they redo a house and then sell if for a higher profit, that is real estate investment. But there are actual multiple niches within real estate investing, so if you are not one to enjoy renovations, there is likely something else you might be interested in. There are four main categories of investment, but we will look at many of the subcategories later in the book. Residential, commercial, industrial, and land are the main categories within real estate investment. Each offers its own perks, and we will be talking a little bit about all of them.
Why choose to invest in real estate?
THERE ARE MANY DIFFERENT advantages to investing in real estate. For those who already invest, investing in properties allows you to diversify your portfolio. For those who have never invested, real estate is a great option for making money with little work. Let us look at some of the key reasons you should invest in real estate:
The return is typically higher than other investment options. Take for example, a savings account. Basic accounts can have an interest rate of 2% at best without a massive deposit. Some other types of savings accounts may go up, but real estate investment returned an average of 9.85% over five years. The return possibility on real estate also tends to be much more stable than investing in stocks for example.
Real estate investment has the potential to make you a large profit fairly quickly, or it can help to reduce your overall housing costs. You will learn more about this later on, but with certain type of investments you can rent out units within a multifamily complex or triplex and live in one unit for no cost or a reduced cost. In addition, the income from some properties has the potential, especially if you end up renting, bringing in a steady income for a good deal of time.
Real estate investments are based on real, tangible properties or land. This makes it an asset that can have a tangible value without the value fluctuating drastically in the way stocks and bonds might fluctuate.
Portfolio diversity. Investing in real estate can help to lower the volatility of a portfolio. Thus, it is useful in adding variety to your investment portfolio if you already invest in other markets.
Real estate moves well with inflation. As inflation occurs and economies expand, real estate tends to rise in terms of rent and costs thus hedging inflation.
Real estate can be a fun way to bring funds into your retirement nest egg.
Investing in real estate can provide a way for you to save funds for a child’s college education, or to help them reduce college housing costs (we’ll talk about a way to do this later on).
As you can see, there are more than just a few reasons why investing in real estate is a positive idea. Most importantly, it can help bring some ease to your life by providing a form of passive income. Even if it doesn’t lead you to quitting your full-time job, it might be a way for you to pay down debt, or to provide great savings or vacations.
What will you get from this book?
THAT IS THE IMPORTANT question here. I think this book has the potential to provide you with a lot of information and some guidance so you can begin right away. But I’m going to give you a quick run-down of some of the key points of each chapter, so you know what to expect. Each chapter will also have a brief summary to help you remember key points.
Chapter one is focused on answering some of the most commonly asked questions about investing in real estate. I’ll go over topics like working full time and managing investments. I’ll discuss ways that anyone can become involved in investing even with little money to invest or bad credit. I’ll answer questions about getting rich
and close by introducing you to some necessary terminology.
Chapter two is all about your financials and personal life. I it important that you see where you stand in terms of debt, finances, credit, and your personal life. You might be asking yourself if you can do this with a spouse. I’ll give you some questions to help determine if that is right for you. Also, we will close the chapter with advice about how to make more money at work so that you can improve your investing funds, and some ideas on how to make money on the side to invest or pay down debts.
Chapter three is all about getting organized with your information. I’ll talk about some of the most common fears when it comes to investing, and I’ll give you advice on how to counteract them. I will introduce you to market cycles and why they matter. I will also talk to you about partnerships and give you some questions to consider if you are thinking of being involved in a partnership.
Chapter four is where we get down to the details of real estate investment niches. Here you will learn about the major types of real estate you can invest in from land to REITs. I’ll give you some advantages and disadvantages to each. I’ll also go over some financing details to help you decide where you might want to begin and what you might want to work up to.
Chapter five will focus on investing strategies. Once you have an idea of what kind of property you would like to invest in, you will need to decide what kind of work you would like to do. This chapter will offer you many different options with varying levels of work. If you enjoy renovating, you might prefer to flip houses. If you hate renovating and want to outsource your work while still making a profit, you might be a turnkey investor. Whatever your ideal strategy, here you will read about the pros and cons of each.
Chapter six is important because it is focused on finding great deals. This chapter will the LAPS funnel and give you a list of tips for securing the best price on a property.
Chapter seven is related to financing. In this chapter I’ll introduce you to most financing options. I’ll share which are easy to do with low or bad credit, which require an initial capital investment, and which will cost you less over time. You’ll want to take notes here. It will be the chapter that helps you plan out how you will begin investing by helping you decide what financing option might work best for you and the niche you want to be involved in.
Chapter eight focuses on the money-making process of investing: the real estate exit strategies. I will go over different ways to sell your properties, let you know which will cut into your profits, and also give you a list of tips and tricks to make a quicker sale.
Chapter nine is the final chapter and it moves out to a broader aspect of investing: time management. In this chapter I will give you some guidance Ion making the most of your available time. This is especially useful if you plan on working full time, or more. I’ll close with some tips on how to be successful in the long run.
Finally, I’ll recap some key points in the conclusion.
So, now that I have introduced you to the key elements of the book, along with some benefits to investing in real estate, it is up to you to move through the rest of the book and learn more about how you can make a passive income and secure a proper retirement for yourself.
Chapter 1: Common Questions Every Real Estate Beginner Asks
In this chapter, I’m going to help introduce you to the business of real estate investment by sharing with you some of the most common questions asked by those who are beginners at creating passive income via real estate investment. Many of these are likely questions you yourself have wondered about. Once you read the answers to these questions, you’ll likely feel more confident to make a decision about whether you want to begin investing in real estate.
Can I invest in real estate while having a full-time job?
THE SHORT ANSWER IS, of course! If anything, it is likely better to begin investing in real estate while you have a full-time job. Many people are under the misconception that investing in real estate will be in, and of, itself a full-time job. This is simply not the case. Creating an income for yourself as a real estate investor will take time, especially if you are new to this as a money-making venture. Staying employed full time while venturing into real estate investing guarantees that you treat it like a business. You will want to make sure that you are not putting everything on the line just to pursue a new hobby. It is better to take your time and create habits and make choices that have the potential to help you succeed long term. If you up and quit your full-time job just to participate in real estate investments, you are likely to suffer great consequences as you struggle to bring in an income. Most real estate investing tends to pay off in larger sums more than it does in small, steady streams of income.
Staying employed allows you to create a routine for yourself and your investment, helping you to properly manage your time, finances, and tasks. You will need to learn how to schedule tasks outside of your work ours which can be tricky, but at least you will still have your full-time income to rely on while you become familiar with your new business venture. As your investments grow and begin to make you a sustainable income, you can choose to either leave your full-time job or outsource your time-consuming tasks to other people. Many people find, at that state, that they prefer to hire a property manager to handle many of the administrative and time-consuming duties.
Do I need to consult a real estate expert to be successful?
NOT NECESSARILY, BUT you do need to take the time to do research and educate yourself. Not only that, but you need to be up to date on real estate topics and trends. Success in the real estate industry is one-part luck, one-part skill, and another part knowledge. Thankfully, most of these things can be taught or developed. If you are willing to take the time to watch a plethora of YouTube videos, read extensive books that give guidance such as these, and browse online articles, then you can gain a wide range of knowledge that might be more varied than if you only had one real estate expert on your side.
If you like the option of working with an individual and learning from them, see if you can find a mentor to follow. This is not 100% necessary, however. Oftentimes, we also meet mentors as we progress in our business paths. Do not ever pay anyone just to give you advice you can get from a library, however. If you are genuinely interested in using real estate as an investing opportunity, you need to be willing to learn in whatever way works best for you. With the help of this book, you will have more knowledge than many people who only have on-the job experience, or those who are new and are just winging it. The important thing is that you continue focusing on learning and growing. Do not assume you know everything. Always try to expand your knowledge. Make these changes overtime too. Start by reading one book. If that interests you, move on to another. Add in a podcast on investing. Watch one video while on your lunch break. These are ways you can learn in only a few minutes a day.
Can I invest in real estate even if I have no money?
YES. WHILE MANY WOULD see this question and assume it impossible to invest in real estate with no money, it is entirely possible. Investing in real estate is less about how much you have in savings or investment funds and more about the people you know. With the right people by your side you can easily invest in real estate. There are numerous options available to those who do not have a lot of cash on hand. We will be talking about financing later on in chapter seven, but for now here are some of the ways people help finance their investments without a lot of cash, or money in savings.
They use seller financing or buy a money mortgage. This is a good option when you do not want to go through traditional financing options. This basically means you are financed by the seller. They usually add specific terms and a repayment plan you must follow.
They use a lease option. Some properties have the option to be leased with a higher rate. The excess of the rental cost is then applied toward owning the location. This usually costs more than renting a similar style of location, but the excess helps to pay off and purchase the location.
Hard lending options are another choice people turn to when seeking out investment funding. Hard lending financing usually comes from an individual or a group of individuals and does not require the same qualifications as a bank would for a small loan.
Microloans are another option. These are typically small loans and do not require the same type of qualifications that other lending options ask for. They may take a wider variety of credit scores or credit history.
Some people choose to opt for home equity loans. By capitalizing on the equity of your current home, you can use the excess to finance the new property. Some lenders offer Home Equity credit lines as well.
Some people choose to trade. Depending on who you know and if you have already started investing, you can trade an old property for a new property. This helps you avoid the capital gains that come with selling your real estate.
Government funding like USDA loans are another option. The USDA’s Rural development office occasionally gives a zero down payment and low mortgages in towns where the population is less than 10,000 total. These loans go to those who