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    Growing Equity: A Guide for the Hopeful Investor
    Growing Equity: A Guide for the Hopeful Investor
    Growing Equity: A Guide for the Hopeful Investor
    Ebook36 pages25 minutes

    Growing Equity: A Guide for the Hopeful Investor

    By Joe Parsons

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    About this ebook

    Even in the wake of the 2008 meltdown, real estate investing remains one of the most reliable paths to prosperity. It is not without its pitfalls, however, and the prudent investor will know how to maximize gain while minimizing risk. This concise guide explains the important concepts of leverage, tax shelter, legal tax avoidance and more.

    Long-time real estate broker, investor and mortgage lender Joe Parsons gives a plain-language, easy to understand introduction to the most important concepts of successful and safe real estate investing.

    LanguageEnglish
    PublisherJoe Parsons
    Release dateMar 29, 2013
    ISBN9781301966110
    Growing Equity: A Guide for the Hopeful Investor

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      Book preview

      Growing Equity - Joe Parsons

      Growing Equity

      A guide for the Hopeful Investor in 2013 and Beyond

      Joe Parsons

      Smashwords Edition

      Copyright 2013 Joe Parsons

      Read more about Joe Parsons at pfsfundingblog.com

      This ebook is licensed for your personal enjoyment only. This ebook may not be re-sold or given away to other people. If you would like to share this book with another person, please purchase an additional copy for each recipient. If yu're reading this book and did not purchase it, or if it was not purchased for your use only, then please return to Smashwords.com and purchase your own copy. Thank you for respecting the hard work of this author.

      Introduction

      I have spent more than three decades in the real estate industry, first as a real estate broker, then as a mortgage originator, the job I do today. For all the changes during my career, I have seen one thing remain constant: the belief that real estate, though battered after the 2007-2008 meltdown, is still a good investment.

      I have had hundreds of conversations with clients where they have expressed their desire and plan to build wealth by owning real estate. Some of these energetic and optimistic souls have spent countless hours and many dollars buying distressed properties, hoping to get a bargain, fix them up and sell for a quick profit. Many of these would-be real estate entrepreneurs discover that the actual experience is different from the creatively edited programs on cable television.

      There are some who, seeing the equity growth in their own homes, decide to invest in rental homes for the long term. This article is intended for them.

      Will Rogers famously said, I had been putting what little money I had in [real estate], [because] there was only so much of it and no more, and that they wasn’t making any more. Real estate—especially residential real estate—has had a long history of increasing in value, with only a few notable exceptions, like the crisis beginning in late 2007. Although there were sharp declines in prices (a severe and rapid market correction), residential real estate is

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