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VRCI PRODUCTIONS & ASSOCIATES & CME Weekly Digest of Real Estate Extraordinaire Central

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Education in Real Estate Investing 101

by Valerie Robinson, REI & CME on January 25,2019

In the days when real estate was “Golden”, when investors, sellers and buyers across our vast country was looking for opportunities and generally found them! But with the transitioning that occurred in both markets, real estate had and did withstand the up and down financial and economical rigors. Lenders and Investors both learned quite abruptly where and what the dangers were let alone their expectations on how to avoid, or handle them. If you are just beginning to consider the idea of Entrepreneurship or idea of investing in real estate you are new investor or “newbie”and you do need some instruction to avoid losing your shirt, and probably your pants, hat and sanity, as well.

First you will need to determine what your strategy will be in real estate investing. Do you want to buy a property, fix it up and sell it quickly or do you want to buy a property,hold it and wait for the market to increase? Do you want to deal with renters? All of these questions are ones that you need to answer before you invest in any piece of real estate.

THIS WEEK’S TOP STORIES

Thinking Ahead 2019

Consider what to do when ballooning consumer debt finally pops

Article Published by : American Banker, January 2019.

Commentary by: Valerie Robinson, REI & CME on January 25,2019

Bankers are getting more concerned and worried about the rising cost of consumer delinquencies. What does this mean? While households are managing to keep up with their loan payments, many are taking on more debt than ever. According to the banks, “Total household debt hit an all time high of $13.5 Trillion in the third quarter.”[1] Credit card and auto loans delinquencies are seen on a downward term as seen from the Federal Reserve Bank in NYC.

The Banks have factored in the slow wage growth of the economy, the high housing costs and even the low personal saving rates among us working -class families. Is mentions how the bans can imagine many households falling behind on their monthly bill payments even if the economy sours , or it they are faced with a sudden financial shock,divorce,unexpected major medical expense. Some will even wind up in bankruptcy. The problem with this model/scenario is that some borrowers of real estate can wind up in deeper debt than anticipated. I’m NOT saying this is how you, the real estate investor will end up or see yourself in the years to come.

This is from the banks view regarding finance and where the economy is today and reflective of the Federal Reserve Bank of New York. Jerry L Nemorin, a former Wall Street investment banker commented as he stated,”This was during the financial crisis, and many consumers were in distress. There was no solution out there that was a fully comprehensive solution and help work through the problems at that time”. Investors should be more savvy with knowledgeable

Education in Real Estate Investing 101

by valerie Robinson, REI & CME on January 22,2019

There are several online sights that are helpful resources for banking, rate of interests forums and information on how to investigate Finance for yourself. Your next step is to learn how to investigate the value of real estate properties yourself. The question we receive most is” Should you use or a real estate agent and have them show you property after property while you try to look for a good real estate investment? This question we will address and offer our opinion in our next article.

LINKS TO THIS WEEK’S ARTICLES:

The ABCs of Real Estate Investing

Let’s Talk Commercial Real Estate Shall We?

The difference Between Income Tax and Property Tax

The Benefits of Real Estate Investing!

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