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	<title>The Venture Report &#187; Infomercial</title>
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		<title>How to Pay For College with One Investment Propertyâ€¦.</title>
		<link>http://theventureupdate.com/2008/12/10/how-to-pay-for-college-with-one-investment-property%e2%80%a6/</link>
		<comments>http://theventureupdate.com/2008/12/10/how-to-pay-for-college-with-one-investment-property%e2%80%a6/#comments</comments>
		<pubDate>Wed, 10 Dec 2008 13:55:11 +0000</pubDate>
		<dc:creator>Larry Thompson</dc:creator>
				<category><![CDATA[Home Buying]]></category>
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		<description><![CDATA[How to Pay For College with One Investment Propertyâ€¦
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 â€œNo Money Downâ€. I have purchased these programs and studied the industry and I am here to tell you that it DOES [...]]]></description>
			<content:encoded><![CDATA[<p>How to Pay For College with One Investment Propertyâ€¦</p>
<p>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 â€œNo Money Downâ€. 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.</p>
<p><strong>Here is my story on how I got started&#8230;<span id="more-11"></span></strong></p>
<p>I invested in my first Investment Property in 1999 in Charlotte, NC. My goal was to pay for my childâ€™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:</p>
<p class="MsoNormal" style="page-break-after: avoid;"><strong><span style="font-size: x-small; font-family: Times New Roman;"><span style="font-size: 11pt; font-weight: bold;" lang="EN">Purchase price $65,000</span></span></strong></p>
<p class="MsoNormal" style="page-break-after: avoid;"><strong><span style="font-size: x-small; font-family: Times New Roman;"><span style="font-size: 11pt; font-weight: bold;" lang="EN">Loan Amount $78,000</span></span></strong></p>
<p class="MsoNormal" style="page-break-after: avoid;"><strong><span style="font-size: x-small; font-family: Times New Roman;"><span style="font-size: 11pt; font-weight: bold;" lang="EN">Appraised Value $98,000</span></span></strong></p>
<p class="MsoNormal" style="page-break-after: avoid;"><strong><span style="font-size: x-small; font-family: Times New Roman;"><span style="font-size: 11pt; font-weight: bold;" lang="EN">Interest Rate $7.5%</span></span></strong></p>
<p class="MsoNormal" style="page-break-after: avoid;"><strong><span style="font-size: x-small; font-family: Times New Roman;"><span style="font-size: 11pt; font-weight: bold;" lang="EN">Term 15 years</span></span></strong></p>
<p class="MsoNormal" style="page-break-after: avoid;"><strong><span style="font-size: x-small; font-family: Times New Roman;"><span style="font-size: 11pt; font-weight: bold;" lang="EN">Payment $723/month</span></span></strong></p>
<p class="MsoNormal" style="page-break-after: avoid;"><strong><span style="font-size: x-small; font-family: Times New Roman;"><span style="font-size: 11pt; font-weight: bold;" lang="EN">Taxes and Insurance $150/month (Total Payment $873/month)</span></span></strong></p>
<p><strong><span style="font-size: x-small; font-family: Times New Roman;"><span style="font-size: 11pt; font-weight: bold;" lang="EN">Rental Rate 1998 rental rate $1000/month 2006 Rental Rate $1200/month</span></span></strong></p>
<p>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.</p>
<p>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.</p>
<p>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. <strong></strong></p>
<p><strong>704-597-7187</strong> or visit <strong><a title="Venture Companies Charlotte North Carolina Real Estate" href="http://www.venturenc.com">Venture Companies Website Here</a></strong></p>
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