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Chapter 9: where can you get the money?(real estate investment techniques)
- Article from:
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Making Money in Real Estate
- Article date:
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January 1, 2000
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Copyright informationCOPYRIGHT 2000 The Kiplinger Washington Editors, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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"Americans want action for their money. They are fascinated by its self-reproducing qualities if it's put to work."--PAULA NELSON, U.S. BUSINESS EXECUTIVE, THE JOY OF MONEY
WHAT'S THE BIGGEST FACTOR THAT KEEPS PEOPLE from entering the investment real estate marketplace? You guessed it: money. Non-participants standing at the gateway and staring in usually ask, "How can a regular person like me get started when every price tag has more zeros in it than my annual income?"
That question is the mark of the uninitiated. If you've read this far, you already know the answer: People seldom pay cash. They use other people's money. We call that financing.
Financing and the ...