Real Estate Investment Tips

Real estate investments are my favorite topic to talk about, but also my favorite type of loan to help a client with why because in an area where loan officer gets to be creative, often purchasing investment isn't cut and dry. It requires strategy and planning. If you've ever joined me from my building investment empire class in the second Thursday of each month. 
And you know, I advocate purchasing a home as a primary, living in it for a year and then doing it all over again. Why? Because when you purchase a home as a primary, you can put as little as 3 to 5% down and that frees up cash when you compare it to purchasing it as investment property, which requires 15 to 25% down. 

How do you start in your 20's investing in real estate? You start with the first one. It's the toughest. Let's think of money in terms of buckets.Your checking account feeds
short term expenses
Long term savings
outside investments
retirement
Consider setting up automatic transfers.
1 month of expenses, then the remainder rainy day fund, build this account up first.50% monthly needs housing food - your short-term expenses for living and entertainment.30% rainy day20% retirement investment bucket.
To invest in real estate, consider saving $125/month. By the time you graduate college, you can afford to buy a home.People who invest in real estate are 48x's wealthier than those who rent.

 
This episode lumps together 4 episodes from the Real Estate Investing playlist on our YouTube channel. Catch these first four short episodes to get started, first with the logic and then to show how even with a modest income you can still build your retirement through real estate.
This 17-minute episode includes:
Good Buy, or Goodbye?
Creative Investing
Long Term Investments - Fact vs. Fiction
Turning Rental Income into Retirement Income.
Be sure to catch part two publishing next week.

This is only one session from the outstanding series of presentations during the Fairway Economic and Housing Summit on December 17. The full event featured presentations by the following. You can watch the replays on YouTube here:
Barry & Dan HabibDave Stevens Ivy ZelmanChris WhalenRob ChrismanMike FratantoniModerated by Nicole Rueth, Sarah Middleton, and Peter Beanland.
Follow along with this presentation from Ivy Zelman. (PDF)

4 Creative Ways To Help Your Kids Buy A Home
Statistics show that 17% of parents plan on helping their kids purchase their first home in the next 5 years. That’s up from 13% just a few years ago! We want to set up our kids for success, but also protect our own retirements and financial success. Here are four creative ways you can help your child and yourself!
This podcast is sponsored by and produced by The Rueth Team
Your home purchase has a long term impact on your ability to build financial wealth. We at the Rueth Team will continue to be alongside you well beyond the closing table. Whether helping to refinance a loan,  transitioning to your next home, or building multigenerational wealth through investments, we are committed to finding YOU solutions other lenders can’t… or simply won’t. 
We look forward to helping you build wealth through real estate by generating passive income for a more financially secure future. Get started by visiting theRuethTeam.com
 
Nicole Rueth, SVPThe Rueth Team750 W Hampden Avenue, Suite 500 Englewood, CO 80110303-214-6393www.TheRuethTeam.comConnect on social media: Follow me on FB: https://www.facebook.com/theruethteam/Twitter: https://twitter.com/nicoleruethLinkedin: https://www.linkedin.com/company/the-rueth-team-fairway-independent-mortgage/YouTube Channel: https://www.youtube.com/channel/UCPMdb94tUNMMsUTgdWRMDKwNicole Rueth (NMLS 239840) is licensed to practice on behalf of OneTrust Home Loans (NMLS 46375) in the states listed below. For full compliance verbiage, visit theruethteam.com/compliance/.AZ, CA, CO, FL, ID, IL, IN, KS, MI, MN, MS, MO, MT, NE, NM, NC, OK, OR, TN, TX, UT, VA, WA, WI, WY.