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Making Money in Real EstateValerie Coleman MorrisYou can build a fortune in real estate from raw land to residential commercial complexes, and you can do it on borrowed money, says Tyler G. Hicks in his book How to Make Big Money in Real Estate (Prentice Hall Press). And once you acquire some real estate, you can use it as collateral to borrow more money to take over more income-producing real estate. Foreclosures--properties that have been taken back because money is owed and unpaid--are a good place to begin building real-estate wealth, he suggests. "Many foreclosed properties are offered to the public at sharply reduced prices because the lender just wants the money owed." With foreclosures, according to Hicks, you: * Get big value for small dollars. * Can quickly build a sizable holding of valuable properties. * Have a wide choice of properties, letting you pick those that will be best for your financial future. With a steady job, you should not have any trouble qualifying for real-estate loans in bad times, Hicks says. Once you decide how much money you'll need to get started, contact lenders that make such loans and ask for their lending guidelines. Plan on using any type of loan for your down payment that will get you started--personal signature loans, credit-card lines of credit and similar loans for down payment. Be sure to look for a return of at least 15 percent on any cash you put into such properties. 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 81 | 82 | 83 | 84 | 85 | 86 | 87 | 88 | 89 | 90 91 | 92 | 93 | 94 | 95 | 96 | 97 | 98 | 99 | 100 |