Detroit, MI (PressExposure) August 19, 2008 -- Mark Maupin of National Real Estate Network was a guest on the WAAMTalk1600 Radio Show Saturday morning. During the interview, Mark discussed his earlier days in real estate investing, where he acknowledged his wife for her support in managing rental properties. Mark began his real estate career with 8 rental properties in the late 1970s; by 1989 he has purchased and sold over 3,500 properties, from single family homes to large commercial properties.
Through his experience, there were plenty of ups and downs. Mark advised the audience to start out slowly, with one house at a time. âItâs easy to get carried away, and think âif I can do this well with 8 houses, I can do better with 80,â Mark explained. Mark went on to explain how this was a major mistake. Another common mistake people make is they refinance the house and use the equity for their personal lifestyle. Now market values have declined, houses are over-leveraged, and cannot be sold for what is owed on them.
Mark admitted to having made some mistakes in his earlier days. He is currently running the National Real Estate Network, a real estate investorâs association where realtor and small business owners get together to network with each other and vendors who service them. Mark is a mentor to younger investors, working to teach them how not to make the same mistakes he once made. âIf you want to be successful, find someone else who has been successful and model your program after them,â says Maupin.
Mark discussed ways to invest in real estate without using oneâs own money. He discussed lease options, and âputting the tenant at risk.â This doesnât mean hurting the tenant in any way; it means collecting option consideration money so the tenant has something invested, so theyâre less likely to skip payments or do damage to the property. A lease option gives the tenant the exclusive right to purchase the property. It is a unilateral contract where the tenant can back out if they want to; they donât have to purchase the property, but the owner is obligated to sell it to them, unless the tenant chooses to break the lease and move on. Learn more about lease options at [http://www.mrleaseoption.com]
National Real Estate Network, LLC is an Investing Club for Real Estate Investors, aka: Landlord Group, Real Estate Association, REIA, Investors Network, and School, offering Courses, Training and Mentoring Programs. They service Oakland, Wayne, Macomb, Washtenaw and Livingston Counties.
Contact Mark Maupin 248-939-6232 Maupin.firstname.lastname@example.org [http://www.megaeveningevent.com]
This press release was submitted by Right Now Marketing Group, LLC