The Venture Report

How to Pay For College with One Investment Property…

Investment properties seem to be hot topics these days. Every night you can tune into the latest infomercial showing you how to make millions with “No Money Down”. I have purchased these programs and studied the industry and I am here to tell you that it DOES work, but NOT the way they tell you to do it. As the Owner and Founder of Venture Investments, I believe that there is a right way and a wrong way to Invest. I show people the RIGHT way.

Here is my story on how I got started…

I invested in my first Investment Property in 1999 in Charlotte, NC. My goal was to pay for my child’s college education with one house. I was a finance major in college while working on my MBA. I became interested in Investments after speaking with a lady who had moved a home that was scheduled to be demolished because of a new road being built. She paid movers to move the home onto land that she bought nearby. After all was said and done, the home appraised for over $200k and she has less than $150k invested. I WAS HOOKED. I researched the process and bought my first Investment Property the next month. I had No Money, and had to use a bridge loan for a down payment. I bought the house for $65k and it immediately appraised for 98K. I then refinanced the home for $78k and took out $13k and pain my student loans off. I got a 15 year loan on the property at 7.5%. This is how the numbers worked:

Purchase price $65,000

Loan Amount $78,000

Appraised Value $98,000

Interest Rate $7.5%

Term 15 years

Payment $723/month

Taxes and Insurance $150/month (Total Payment $873/month)

Rental Rate 1998 rental rate $1000/month 2006 Rental Rate $1200/month

I sold this property last year for $111,000. If I would have kept it, it would have been paid for in 7 more years. That is how you pay for College with one property. I had no personal money invested and over a 15 year period, it is paid for. The house when sold should be worth enough to pay for college for one or maybe two children.

We are constantly asked how to Invest in the Real Estate. Here at Venture Investments, we give YOU the same opportunity to be able to buy like I do and help you through the process. Venture Investments is the only company that I know of in the Charlotte Area that offers a way to teach people how to buy Investment Properties with Safe and Proven methods.

To learn how you too can participate in what I know to be a Great Way to Pay for College, give us a call and ask to speak to one of our Investment Specialist. We will teach you everything you need to know and how to avoid the mistakes that I made along the way.

704-597-7187 or visit Venture Companies Website Here