The BEGINNER’S Guide to REAL ESTATE INVESTING
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The
BEGINNER’S
Guide to
REAL ESTATE
INVESTING
GARY W. ELDRED, Ph.D
Build Wealth in Any Market
You’ve heard it said before,“The only constant is change.”And when mar-
kets change, that change creates opportunities. Here are just a few ex-
amples:
◆ When prices appreciate fast, you can “fix and flip” for quick profits.
◆ Appreciating prices also give you the tax-free benefit of cash-out refi-
nances.
◆ Falling interest rates (even with stable prices) reward you with a refi-
nance that lowers your monthly payments and increases your cash
flows.
◆ Depressed markets provide you with an abundance of foreclosures,
motivated sellers, and bargain-priced properties.
◆ High rates of inflation drive up market interest rates and cut down
short-term demand. That’s the perfect time to look for seller financing,
lease options, and low-interest-rate mortgages that you can take over
(assume) from the sellers.
◆ High rates of inflation also reduce the number of newly constructed
houses because builders must pay higher construction costs and
higher interest rates. Fewer housing starts clearly signals an excellent
time to buy. A slowdown in new housing always foreshadows a jump in
prices as growing demand outpaces new supply. (California perfectly
illustrates this point—albeit low housing starts in California are now
being caused by tight land-use controls, environmental protection, and
restrictive growth management policies
BEGINNER’S
Guide to
REAL ESTATE
INVESTING
GARY W. ELDRED, Ph.D
Build Wealth in Any Market
You’ve heard it said before,“The only constant is change.”And when mar-
kets change, that change creates opportunities. Here are just a few ex-
amples:
◆ When prices appreciate fast, you can “fix and flip” for quick profits.
◆ Appreciating prices also give you the tax-free benefit of cash-out refi-
nances.
◆ Falling interest rates (even with stable prices) reward you with a refi-
nance that lowers your monthly payments and increases your cash
flows.
◆ Depressed markets provide you with an abundance of foreclosures,
motivated sellers, and bargain-priced properties.
◆ High rates of inflation drive up market interest rates and cut down
short-term demand. That’s the perfect time to look for seller financing,
lease options, and low-interest-rate mortgages that you can take over
(assume) from the sellers.
◆ High rates of inflation also reduce the number of newly constructed
houses because builders must pay higher construction costs and
higher interest rates. Fewer housing starts clearly signals an excellent
time to buy. A slowdown in new housing always foreshadows a jump in
prices as growing demand outpaces new supply. (California perfectly
illustrates this point—albeit low housing starts in California are now
being caused by tight land-use controls, environmental protection, and
restrictive growth management policies
