Wealth Building

Create Generational Wealth Through Multifamily Investing

Create Generational Wealth Through Multifamily Investing

Author: Chris Urso

Are you interested in a secure financial future for your family and children? I am too. Here’s a small example on why I feel so strongly about creating wealth through investing in multifamily real estate.

As a parent, family person, or individual, one of the best decisions you can make is the right investment early on that will help take care of all the financial problems and needs of the future.

I am going to share with you a real example from my own life of how using an investment of $35,000 I secured a multifamily property generates $24,000 annual cash flow and will earn approximately a quarter-million dollars of equity over the next 12 years! Starting with that $35,000 investment, my wife, Lisa, and I secured a college fund, living expenses, and monthly income for our newborn son. Here’s how it happened…

About four years ago we had an opportunity to buy a mixed-use property (three apartments and one store) in Wilkes-Barre, Pennsylvania. It was not a big property, but we liked the location (five minutes from new casino) and felt it would be a good long-term hold.

The purchase price was $65K but it needed $75K in renovations, which brought the total investment to $140,000. At the time we only had about $35,000 in cash budgeted for this, so I called an investor I had worked with in the past and he agreed to lend $105,000 at 10% for 1 year.

We closed on the property, had the renovations complete in three months, and the property was 100% occupied within eight months producing over $3,000 per month in income. Now for the best part: The beauty of commercial real estate is that if the cash flow is there, banks are willing to lend.

We have a friend that works in the commercial banking department at a small community bank in Pennsylvania. I called him up to inquire about a commercial loan on the income property and he told me it wouldn’t be a problem, I just needed to send over the package with income and expenses, the leases, the work completed, and a little background on myself.

Thirty days later I saw how easy it was to create wealth through multifamily real estate. I walked into the bank and was handed a check for $105,000 at 6.5% for 15 years, and it was under my company name. I immediately paid the investor off. Now, three years later, the property generates positive cash flow and only has 12 years left on the mortgage. In just 12 years, we will be making more than $24,000 in yearly cash flow and have accumulated over $240,000 in equity.

This is not a massive skyscraper deal, but it is an illustration of what you can do when a good opportunity pops up. As an investor you are armed with the right knowledge.

My son is just over a year old, and by the time he’s 12 that property will paid off completely by the tenants, and he will basically have an entire college fund along with cash flow at his disposal!

Now scale that scenario up to a 40-unit building — all you have to do is add a zero, the principles are the same! It is possible for you to create wealth for yourself through the purchase of an income-producing multifamily building just like we did and be on your road to increased cash flow and net worth.

To learn more about IRA investment opportunities in multifamily real estate contact our office and see how easy it is to become a partner in our next project. In the last three years National REIS has raised more than $7,000,000 for various projects with over half of those dollars coming from investors utilizing their IRAs to invest. Contact us today at National REIS for more information.

Article Source: http://www.articlesbase.com/wealth-building-articles/create-generational-wealth-through-multifamily-investing-5570580.html

About the Author

Chris Urso is the founder of National REIS, an elite New York-based multifamily investing firm. National REIS builds wealth through cash-flowing multifamily real estate, and serves beginning, advanced, and high net-worth individuals. NREIS focuses on the proven “value add” approach to investing in niche markets exhibiting stable fundamentals.

Making Hard Money by Investing in Gold

Making Hard Money by Investing in Gold

Author: Garima Patel

In India gold is the metal, which is considered to be the symbol of power and wealth. Since past gold has been most famous wealth treasure.Gold price in Delhi basically varies according to the demand of gold in the market. People in India have long been investing in gold and gold jewelleries. Any ceremony or festival is incomplete without gold. The Indian brides are especially known for wearing jewellery like necklaces, rings, bangles, bracelets, earrings, nose rings, anklets and many other items made up of gold on their wedding. Crafting gold in various shapes is an art, which is well known to goldsmiths of India. People here believe in their jewellery to be pure and their designs too are so many that they range from traditional to modern types.

Gold price is clear and straight forward indication of the economic state of any country.As today’s economy is unstable people need to conserve their wealth as an investment, and for this purpose investing in gold is considered to be the best and safe store investment. Gold and other precious metals are in extreme demand these days. In fact, they have always been in great demand. Gold price in Delhiprecious metal trade market cannot be subjected to generalizations. Either one can also personally contact the gold dealers to verify the information that is obtained about gold pricing or can look upon free classified internet sites that display today gold price in Hyderabad and other states on daily basis. On a daily basis, gold price in Mumbai changes, thus it is necessary to keep track of prices if you are into hard investing in gold.

If you are a decent analyst then you can self-analyze gold price in Mumbai. You can forecast the price of gold through various software that analyze the trend and check daily trend. Usually gold pricing is associated with a steady rise and depreciation of value. Therefore calculations are necessary to get a fair estimation about today gold price in Hyderabad. A lot deeper insight is required to perform such analysis. For this purpose professional gold dealers are there for helping you. They are not only up to date, but also have the capacity for deep insights into the pricing of gold and can estimate rather accurately gold price in Delhi. Especially, in the times of recession, a lot of advice can be obtained from these professionals regarding how to purchase gold and what kinds of purchase are better among other details.

Article Source: http://www.articlesbase.com/wealth-building-articles/making-hard-money-by-investing-in-gold-5568673.html

About the Author

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