Thinking About Investing in Real Estate?

It’s a Great Time to Become a Real Estate Investor Why? Because historically low interest rates and the number of homes available to choose from, make great market conditions for real estate investors.

Great time to invest in real estate

There are currently 165 residential properties in Lafayette parish priced under $100,000. In the surrounding parishes there are another 400+ residential homes to choose from in this same price range. On top of that, a 15 year fixed rate mortgage is only 3.875% and a 30 year fixed rate of only 4.5%, for owner occupied properties, a 1% origination fee and good credit scores (as of 8/5/2010). An investment loan typically runs 1.5 to 2% higher than owner occupied and usually requires a 20% down payment. If you can swing the down payment and are thinking about , contact me today, as these rates will not last forever.

Below are some points to remember when investing in real estate, taken from Gary Keller’s book The Millionaire Real Estate Investor.

  • Each of us should wake up every day and say to ourselves, “I’m an investor. I’m building financial wealth. Is today the day I find an opportunity and make a deal?”
  • A proven model is a process or method used to produce desirable, repeatable results. A proven model built on the best practices of high achievers in a given area will produce the most desirable and predictable results as well as maximize your chances for continued success over time (these proven models can be found in The Millionaire Real Estate Investor).
  • High achievers use models to take the luck out of the game. They implement big models to minimize risk and maximize profit when buying, holding and selling real estate.
  • The three areas of focus for the Millionaire Real Estate Investor – Criteria, Terms and Network (CTN) – determine what you’ll buy, how you will buy it and who will help you.
  • CTN – The Dynamic Trio of Investing:
  • Criteria identify potential deals
  • Terms determine the real deals
  • Your Network supports all your deals
  • The path of the Millionaire Real Estate Investor progresses through four stages – Think a Million, Buy a Million, Own a Million, and Receive a Million – and they are best pursued in that order. As it says on the cover of the book “Anyone can do it… not everyone will…will you?”

I can help you along the way.

If you are interested in attending an evening course on real estate investing, please let me know and I will notify you of the next one in our area. If you would like a free copy of the book “The Millionaire Real Estate Investor,” by Gary Keller, email me now.

“A casual player of Monopoly might think that it’s a game of chance and that the winner is determined by rolls of the dice. Watching the best players in the world has shown me it’s not. The winners are actually masters of strategy and negotiation. They know how to minimize the impact of bad luck – and to put themselves in the way of an undue share of lucky breaks.” –

Phillip Orbanes, Game Designer, Harvard Business Revue

There are no comments yet. Be the first and leave a response!

Leave a Reply

Wanting to leave an <em>phasis on your comment?

Trackback URL http://www.lafayetterealestatenews.com/2010/08/05/thinking-about-investing-in-real-estate/trackback/

Thinking About Investing in Real Estate?

It’s a Great Time to Become a Real Estate Investor Why? Because historically low interest rates and the number of homes available to choose from, make great market conditions for real estate investors.

Great time to invest in real estate

There are currently 165 residential properties in Lafayette parish priced under $100,000. In the surrounding parishes there are another 400+ residential homes to choose from in this same price range. On top of that, a 15 year fixed rate mortgage is only 3.875% and a 30 year fixed rate of only 4.5%, for owner occupied properties, a 1% origination fee and good credit scores (as of 8/5/2010). An investment loan typically runs 1.5 to 2% higher than owner occupied and usually requires a 20% down payment. If you can swing the down payment and are thinking about , contact me today, as these rates will not last forever.

Below are some points to remember when investing in real estate, taken from Gary Keller’s book The Millionaire Real Estate Investor.

  • Each of us should wake up every day and say to ourselves, “I’m an investor. I’m building financial wealth. Is today the day I find an opportunity and make a deal?”
  • A proven model is a process or method used to produce desirable, repeatable results. A proven model built on the best practices of high achievers in a given area will produce the most desirable and predictable results as well as maximize your chances for continued success over time (these proven models can be found in The Millionaire Real Estate Investor).
  • High achievers use models to take the luck out of the game. They implement big models to minimize risk and maximize profit when buying, holding and selling real estate.
  • The three areas of focus for the Millionaire Real Estate Investor – Criteria, Terms and Network (CTN) – determine what you’ll buy, how you will buy it and who will help you.
  • CTN – The Dynamic Trio of Investing:
  • Criteria identify potential deals
  • Terms determine the real deals
  • Your Network supports all your deals
  • The path of the Millionaire Real Estate Investor progresses through four stages – Think a Million, Buy a Million, Own a Million, and Receive a Million – and they are best pursued in that order. As it says on the cover of the book “Anyone can do it… not everyone will…will you?”

I can help you along the way.

If you are interested in attending an evening course on real estate investing, please let me know and I will notify you of the next one in our area. If you would like a free copy of the book “The Millionaire Real Estate Investor,” by Gary Keller, email me now.

“A casual player of Monopoly might think that it’s a game of chance and that the winner is determined by rolls of the dice. Watching the best players in the world has shown me it’s not. The winners are actually masters of strategy and negotiation. They know how to minimize the impact of bad luck – and to put themselves in the way of an undue share of lucky breaks.” –

Phillip Orbanes, Game Designer, Harvard Business Revue

There are no comments yet. Be the first and leave a response!

Leave a Reply

Wanting to leave an <em>phasis on your comment?

Trackback URL http://www.lafayetterealestatenews.com/2010/08/05/thinking-about-investing-in-real-estate/trackback/