Fed may need to buy more mortgage bonds: Williams
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Reuters - The U.S. central bank may need to buy more bonds to bolster a housing market whose distress is at the heart of a "frustratingly slow" economic recovery, a top Federal Reserve official said on Wednesday.Coinstar's Spectacular Quarter Makes It Worth Your Dollars
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The Motley Fool - Automated retail solutions provider Coinstar (Nasdaq: CSTR - News) beat Street estimates handsomely in the fourth quarter, and saw its shares spike 13% in extended trading.
is borrowing a million dollars in mortgage debt, and have your renters pay back the debt for you.
For many people, borrowing a million dollars may seem out of reach, but just as you would eat an elephant one bite at a time, so is buying real estate properties - you buy one house at a time. Unless you live in California, there are still many states that you can purchase a home for around $100k. Even if you are residing in California, you will need to stretch your vision and reach out-of-state.
Many people fear owning a property, let alone owning an investment property out of state. However, as a true real estate investor, you must put yourself in the mode of a business owner. Real estate investment is a business, and like any business, it may come necessary for you to hire people to work for you. That's what realtors and property managers are there for. In order to really expand your real estate investing business, you must get comfortable with hiring property managers to manage your properties.
We have all heard good debt and bad debt, so don't let the concept of owing money scare you off - especially when you can have someone else pay it back for you! As an added bonus, real estate value on average has never gone down in value in history. You hear people losing money in real estate because they could not hold on to their properties and they let them go at unfortunate times. Even if real estate value do go down, you should never fear because you have someone else paying your mortgage - your renters. As good as the concept of making a million dollar in real estate may sound, fear not and take the first step in your real estate investing.
Here are some more estate planning articles...
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