Making Real Estate Money-Get Started Investing with No Money Down

Most of us are smart enough to realize that no real estate "system" is foolproof, and if anything seems too be good to be true, it probably is.

However, that doesn't mean that you need excellent credit and a surplus of cash to get started in real estate. Here are some strategies for financially-constrained aspiring investors to begin generating real estate cash flow.

You don't have to own a property to profit from it

There are two types of quick-sale real estate investors: Retailers and dealers. Retailers buy properties outright and sell them for a quick profit. Their risk is highest, but so is their potential reward. Retailers typically need substantial cash for a down payment and at least decent credit.

Dealers, by contrast, buy and sell contracts, not properties. They find bargain properties and sign purchase contracts with their sellers. Dealers then sell these purchase contracts to retailers, making a solid profit in the process. This is known as "assignment of contract."

Usually, the only cash required is the earnest money to secure the deal. A good dealer can then flip the contract for a quick $1,000 to $3,000 without ever taking possession of the deed.

Use a double closing for greater profit potential

A double closing allows a dealer to earn a higher profit margin than an assignment of contract. With an assignment of contract, there is always potential that the deal will ultimately fall through.

The dealer is protected because she has already received her proceeds from the sale of the contract. But the retailer who buys the contract is wary of the deal falling through and will factor it into the price he is willing to pay.

With a double closing, the dealer assumes more risk because if the deal falls through, she receives nothing. However, with this greater risk comes a greater reward.

A double closing begins with the dealer signing a purchase contract with the property owner. Then the dealer signs a contract with the retailer, in which the retailer agrees to buy the property from the dealer at a higher price and deposits that amount in escrow. The property owner signs the deed to the dealer, who then signs it to the retailer.

The retailer then signs the loan documents, and the process is complete--the property owner is paid his asking price, and the dealer is paid the difference. Note that the dealer came to the table with no money, and her credit was never an issue.

Be a scout--no cash or credit required

Scouts are a third type of real estate "flipper." Instead of flipping actual properties or contracts, scouts flip information. Scouts face even less risk than dealers and have almost no cash or credit concerns. They simply gather information about distressed properties and sell it to interested dealers and retailers.

In effect, scouts do the dirty work for real estate investors, and investors are willing to pay them handsomely for doing it. Typically a scout will gather the following data on a potential deal:

• 
  
  The owner's name and contact information
• 
  
  The asking price
• 
  
  Information about the mortgage and whether payments are current
• 
  
  Outstanding liens on the property
• 
  
  A photograph of the house
• 
  
  Pertinent information about the owner's motivation to sell (i.e. is he in the middle of a divorce, foreclosure, job transfer, etc.)

Investors typically pay scouts $500 or $1,000 for good information. But what happens if an investor doesn't pay? Simple. Don't take any more deals to them. Successful investors realize the value of good information, and they are more than willing to pay for it.

Take over the seller's mortgage payments

Prior to 1989, almost all home loans were freely assumable. This meant that anyone could take over the payment of the loans without objection from the lender.

However, due to rising interest rates that began in the late eighties, virtually all home loans issued since then contain a "due on sale" clause. This means that when ownership of a property is transferred, the lender can demand payment--in full--of the outstanding loan.

However, "due on sale" is merely a clause--not a law. It is the lender's prerogative whether or not to exercise this clause. If you buy a property and take over the loan payments, there is a distinct possibility that the lender won't even notice. There's an even greater chance that the lender will choose not to exercise the due on sale clause, as long as you make timely payments.

After all, the cost of enforcing the clause is significant, and as long as the lender is being paid, it is unlikely to care who signs the monthly checks. You can potentially buy properties without a credit check.

Real estate success always requires an investment

There are ways to profit from real estate without significant financial investment. That is not to say that success comes free and easy. At the very least, you will need to make a substantial investment in yourself. In order to succeed, you must be willing to work hard.

Even with a million dollar real estate portfolio, your brain will always be your #1 asset. Be sure to invest in your education on a daily basis and learn as much as possible about your local market, real estate law, and investment strategies. 

Making Real Estate Money-Top Ten Mistakes

Real estate investment is perhaps one of the most lucrative forms of investment today. But it is also equally risk bound especially when one is not well versed with the trends and nuances of the real estate market. So if you are contemplating on investing in real estate, it is best to avoid costly mistakes in real estate investment especially when you invest your hard earned money into it. Knowing the most common mistakes made by real estate investors helps one steer away from making such mistakes in the future and ensures good return on investment.

Here are the top ten mistakes made by real estate investors, according to bankrate.com. Bankrate has put together the top ten mistakes after speaking to established, full-time real estate investors and other professionals involved in real estate investment such as bankers. Read on to know them and avoid them.

1. Not planning up ahead. Lack of a proper plan is the biggest mistake made by novice investors. Finding a house after forming a proper investment strategy is the right way instead of looking for a house to fit the plan. Many make the mistake of buying a house because it seems to be a good deal and then trying to see how they can fit it into their plan. Instead of buying a house and thinking one can plan in due course, investors should rather concentrate on the numbers and try to make offers on multiple properties. This will ensure a good property that not only matches their investment model but also works out well with the numbers they had planned for.

2. To believe you can make money quickly. The second major mistake that real estate investors make is to think it is very easy to get rich in real estate. This is only a myth and the reality is that investing in real estate is a long term project.

3. Doing it single-handedly. For becoming a successful real estate investor one needs to build a team of professionals who would assist the investor in his deals. This would ideally include a real estate agent, an appraiser, a home inspector, a closing attorney and a lender.

4. Making excess payment. One another reason that investors in real estate goof up in their investment is by paying too much for the properties they buy. Paying too much and locking up all the funds in the erred property deal will leave you with no money to redeem yourself.

5. Leaving out the groundwork. Not doing your homework could be a costly mistake if you were a real estate investor. Every field of business needs sufficient amount of homework to be done, and real estate investment is no exception. Learn the fundamentals and then venture into investing in properties.

6. Throwing caution to the winds. Investors have to exercise a certain degree of caution and take earnest efforts while making a deal. New investors often fail in this regard and sign a deal without doing adequate research on the property.

7. Miscalculating money flow. Investors whose strategy is to buy, hold and rent out properties need to ensure sufficient cash flow for maintenance. Property managers could be expensive and the owner has to incur more expenses such as mortgage, taxes, insurance, advertising costs etc. Investors have to allocate their budget such that all these expenses are taken care of, or end up having their asset turn into a liability.

8. Lowering the volume. A larger volume of deals or transactions helps in increasing the profits by reducing the impacts of marginal deals.

9. Getting trapped in your own deal. Having more number of options at hand for the property you buy is a wise strategy. This helps one to be prepared for fluctuations in the real estate market. Plans to rent out the house could go awry when the rental market slumps. Having alternative plans helps you cut down losses and tackle unexpected situations.

10. Making incorrect estimates. People who plan to rehab their house need to check if they will still reap the benefits at double the time that they had estimated. This ensures they do not miscalculate and lose money on the deal.

Making Real Estate Money-Rewards in Flipping

Big risks, rewards in home 'flipping'


Share

By Jim Wasserman

jwasserman@sacbee.com

Published: Wednesday, Jun. 23, 2010 - 12:00 am
Page 1A

This is no work for the faint of heart. Inside the real estate business, investors talk of unwittingly buying uncleaned scenes of suicides, taking on unexpected and expensive tax liens, finding air conditioners missing, and paying occupants nearly $2,000 to leave.


But oh, the upside to buying from banks that sell short on the courthouse steps.


From December through the end of April, 23 real estate investors and limited liability companies collectively earned $1.4 million in the capital region for less than a month's work, according to data from Onboard Informatics, a home sales tracker.


These investor groups bought severely discounted houses at auctions held by banks that had repossessed them from homeowners. Then, within days or weeks, but always in less than a month, they resold the houses. The average price gain: $40,000.


These lightning fast resales represent less than 1 percent of all transactions in the region, but the profit margins – even taking into account money spent on repairs – have made auction sales one of the hottest niches in Sacramento real estate.


"Being an auction investor is a good business if you have access to the capital," said Sean O'Toole, president of Contra Costa County-based ForeclosureRadar, a website that caters to such investors. "Most of the guys make good returns. But it's hard work. It's not a get-rich-quick thing."


Critics call the game "flipping" and blame it for a housing bubble that triggered the real estate crash in the first place. But others view it as Business 101, a critical piece of digging out from the crash. Houses with troubled histories get bought, repaired and quickly resold, generating cash for new business entities to do it again and again.


"It's something that's really taken off. We started seeing it popping up about the second quarter of last year," said Gold River attorney Eric Graves.


He found a new specialty setting up limited liability companies for auction investors and steering them funding from a Montreal equities firm.


Most investors don't resell their foreclosure properties in less than a month. But flipping within six months was back to 2005 levels early this year, researcher MDA DataQuick reported.


The Bee examined 35 real estate transactions from December 2009 through April 2010 in which investors bought houses and sold them within a month for more money.


Nearly every house examined shared some version of the same story: owners buying as prices peaked, or loading up on home equity debt at the height of the housing boom. Nearly all defaulted as home values crashed, sending their dwellings to the courthouse steps for bank auction.


The region's standout investor for quick resales was James York, agent for Sacramento's Palm Estates Mortgage Inc. He bought five houses at auction in late December, and resold them by mid-January to five Bay Area buyers for $198,000 more than he paid.


York is the courthouse-steps investor who made headlines in 2008 after buying the foreclosed Curtis Park home of U.S. Rep. Laura Richardson, D-Long Beach. Though York invested money in cleanup and repairs, Richardson prevailed on her lender to overturn his purchase. York sued the bank but later dropped the lawsuit.


York didn't return a telephone call to his real estate business, York and Associates. Neither did several other investors or agents called by The Bee. Several buyers of their homes also didn't return calls.


Auction investor Michael Blasquez of Folsom said that's because the business gets a bad rap in the media, and in public.


Early this year, he flipped two Sacramento houses within a month: one for $49,900 more than he paid, and another for $64,100 more.


"I had to stick money into both of those," he said. "Trust me, I didn't make anywhere near that amount of money."


Blasquez, Graves and O'Toole say the fast compensation is appropriate for a high-risk business.


"You have to pay cash in full. You don't get title insurance. You don't get to inspect the house, and you probably have to evict the current owner or occupant," said O'Toole. "It's because of these things that properties at the courthouse steps are sold at a discount."


Graves said one of his LLC clients discovered that "the prior owner (a drug dealer) had committed suicide in the home, and he had basically just bought a crime scene that had not been cleaned up." Though he sold it for $40,000 more than he paid, Graves said he still lost $12,000 after paying for the cleanup and an unexpected tax lien.


Money made on one deal can be lost on another deal, said Blasquez, a longtime real estate agent with Capital Income Properties. He said, "I'm a small guy, and I can't afford to make a mistake."


Most area courthouse-steps investors are locals, said Blasquez. Most of Graves' LLC clients are veteran area property managers, he said. But Onboard Informatics transaction records also show several LLCs, investors and a real estate investment trust from Hollywood, Phoenix, San Francisco and New York.


Even these out-of-town firms have local agents.


For auction investors, nothing beats knowing more than the banks about the neighborhoods where houses are located, said real estate agent Bruce Slaton in Elk Grove.


"Sometimes the banks get it wrong and let the property be sold too cheap at auction," he said. "The investor benefits."




© Copyright The Sacramento Bee.

Making Real Estate Money-Money lessons from Dad | Bankrate.com

Money lessons from Dad | Bankrate.com

In preparation for Father's Day, the National Foundation for Credit Counseling sent out a release stating that 41 percent of Americans learn personal finance skills from their parents. That stat comes from its 2010 Financial Literacy Survey.

My parents have opposite money personalities, and I've learned from both of them.

The other day my dad, 81, said to me, "Your mom enjoys spending money, and I enjoy saving it and watching it grow. But now, I really don't care what happens to it. If we don't spend it, you'll get it and you'll spend it."

I replied that they should spend it, and that I don't have plans to leave a lot of money behind for anyone. In fact, I hope to save enough to at least get me through retirement.

Different priorities

My dad worked for a farm equipment manufacturing company for 35 years, so he has a pension and health benefits. The pension payout is modest, but consistent for 25 years and counting. Between the pension,Social Security and my parents' savings -- that three-legged stool financial experts talk about -- my parents have enough to meet expenses. Their house is paid for. They don't travel much and they eat home-cooked meals. They don't have expensive hobbies. And they're content with their 20-year-old, no-frills television set. A couple years ago they splurged on two new cars and a computer. Their favorite store is Walmart.

By contrast, my husband and I play golf, but not during the winter when rates are too high. We dine out once a week. We usually take a surfing vacation to Costa Rica in summer. We have a mortgage and an HDTV. We are saving for retirement, but not to the maximum extent possible.

Great gift

I don't remember too many money discussions between my parents when I was growing up. Every summer when my brother and I were kids, the family would travel by car from Illinois to Florida to visit my grandfather for two weeks.

I didn't know until fairly recently that my parents pretty much kept their finances separate. Dad paid the household expenses. Mom would use her earnings to buy me and my brother clothes during our youth. Her generosity extended into my adulthood. After I got married, she bought me a set of fine china and crystalware.

The greatest gift my parents gave me was a college education. After I graduated, I approached my dad, telling him I'd like to go on to get a master's degree. He said, "You would? Uh. OK." And that was it. I went to school for another year.

I didn't realize until much later in life what may have been going through my dad's head when he hesitated for a second there. My daughter graduated in December and recently mentioned that she'd like to get her master's degree. I said, "What for?" I failed to rise to the occasion like my dad did.

But then, I'd never be able to fill his shoes.

Making Real Estate Money-Borrowing From Equity

Investing Mistake: Borrowing from Equity

A HUGE mistake that a lot of real estate investors make, whether they’re beginning or seasoned investors is they borrow money from the equity in their properties to pay the bills, and think that that money is profit. Well, listen up friends because I’m the guy to tell you and burst your bubble right now that that money is NOT profit. Borrowed money is not income.

If you’re robbing Peter to pay Paul, then you better fix what’s broken before this problem gets worse. Borrowed money is not your money. Profits only come from the sale.

Friends, this is a dangerous trap that a lot of people fall into because they think that they can pull a big chunk of money out and use that money as income and cash flow for their business, but it doesn’t work that way. You have to be smart about it. You can’t expect to grow your business with refinanced properties. It doesn’t work that way.

Now, don’t get me wrong. I’m not against refinancing a property and pulling money out of it, if the property can support you doing that. One of the first couple of deals I did when I got started was actually a property where I did a refinance on it, and I did pull out some cash. But I obviously did not stupidly spend that money on stuff that wasn’t going to give me a return.

That money was for business purposes only, and I used that money to reinvest back into some of my education and some of my other investments, and that money has grown substantially since then.

I have not done anything like that since that one occasion, but I thought I needed to tell you that because I’m not against refinancing a property to pull money out, but the property has to be able to sustain what you’re doing.

All I’m saying, and the message I want to convey to you in this post is, just don’t get into the habit of borrowing money from the equity in your properties on a continual basis because borrowed money is exactly what is says: borrowed money. It’s not your money.

Don’t consider that money as profit for your business. Simply strive to run your business on the profit, which comes from the sale of your properties.

As I’m talking about property sales, here’s another tip:  when you are selling properties, make sure you attract attention to your properties and market them to death.  If your marketing isn’t annoying at least a few people then your marketing isn’t doing what it’s suppose to do which is get attention.  A perfect example is the media, just watch the news and see how many horrid reports you will see about all the bad stuff going on - robberies, murders, and scandals.  Unfortunately, the entire negative stories garner the most attention.  Don’t get me wrong, your marketing shouldn’t endanger anyone, but you need to get attention and you will get negative feedback.

Just recently, I got calls about some ugly yellow signs in the yard of one of our properties.  The person really thought the signs looked junky.  Well, those signs accomplished exactly what I wanted them to accomplish.  It made people look at the property.  Don’t be afraid to stand out with your marketing, even if it’s uglier than most.  You need to capture the attention and then sell the house!

Making Real Estate Money-California Real Estate Investments

Planting California real estate investments today is a wise idea for those who want to quickly reap the harvest of what they sowed. California is not only good for Sunkist oranges, it’s also home to a very lucrative real estate market. It is up to you if you will scatter “seeds” in this farm. Here are two of “fast harvest” investing methods in California today.

The first is wholesaling houses. This is much like plant and harvest. That’s because California real estate investments are wholesaled fast and fast can be a few days. Reading this maybe contrary to the popular method of buying and holding real estate properties, but it is true. You can make money even just be quickly reselling properties, which is the basic premise of wholesaling and short-term real estate investing in general.

In this business, you will need to look for two things: sellers and buyers. You will serve as the bridge between the two parties. As a wholesaler, it is your duty to ensure that a seller is able to sell his property and a buyer is able to buy it. But if you think you need huge money to start in this business, you’re wrong. All you’ll need is enough money to convince sellers to place their property under contract. They will need a small deposit from you. Sometimes it could be as little as $10. Then, you will assign that contract to the buyer. The holder of the contract will have the right to buy the property. Since the buyer will need the contract, he will pay you a small amount for it. A small assignment fee in a state like California is probably at least $5,000.

The other method of planting California real estate investments fast is called rehabbing. This method is similar to plan-water-harvest. You will need to “grow” the house a bit before reselling it. By watering, it means improving the condition of the property. So to rehab houses, you will need to buy rundown properties at bargain prices. Then, you will spend some money to improve their condition. You will then resell them and cash you pay check. This method can last from a few weeks to a few months, depending on how fast you work.

To learn more about these “planting” methods, go to REIWired.com right now. The website has informational content about real estate investing in California and other parts of the country.

Making Real Estate Money-Land Investments

Mаkе Money Fаѕt – Wіtһ Tһіѕ Investment & Even Better Iѕ…

It’s easy tο understand bу anyone аחԁ mаkіחɡ a success οf mаkіחɡ money fаѕt іח tһіѕ investment іѕ common sense.

Donald trump һаѕ mаԁе billions ѕο ԁіԁ Howard Hughes аחԁ even comedian Bob Hope amassed a fortune іח іt.

Sο wһаt іѕ іt?

Tһіѕ investment mау surprise уου Itѕ land аחԁ іt offers tһе following advantages:

1. It’s cheap. Far cheaper tһаח real estate fοr example.

2. Iח сеrtаіח locations investors аrе mаkіחɡ triple digit gains wіtһ ƖіttƖе downside volatility – Far less tһаח іח mutual funds.

More οf tһе locations уου саח mаkе triple digit gains later

3. It’s аח easy tο understand investment bу anyone. Land tһаt іѕ snapped up fοr development increases іח value pure аחԁ simple.

4. It’s easy tο bυу аחԁ sell аחԁ far less complicated tһаח property.

5. Yου саח easily ԁο іt yourself іf חοt tһеrе аrе specialist realtors tο һеƖр уου wіtһ low minimum investments

Sο іf уου fancy triple digit gains annually wіtһ low risk read οח аחԁ find out һοw.

Sο wһеrе ԁο I bυу?

Land investment offers tһе best potential fοr growth іח emerging booming economies abroad.

Aח economy tһаt fits tһіѕ criteria іѕ Costa Rica аחԁ record numbers οf Americans аrе buying here.

It’s јυѕt a three hour flight аחԁ property prices аrе up tο 70% less tһаח іח tһе USA аחԁ іt’s οחƖу a three hour direct flight.

Tһіѕ property needs tο bе built οח land аחԁ mοѕt people want ocean view. Buying ocean view property іѕ therefore a ɡrеаt investment Bυt tһаt’s חοt аƖƖ!

Iח Costa Rica tһе economy іѕ booming, іtѕ stable, tһе government mаkеѕ іt easy tο bυу аחԁ іt іѕ very tax advantageous tο invest.

Tһе best locations аrе οח tһе central pacific coast near tһе town οf Jaco wһісһ аrе booming expanding аחԁ tһіѕ allows investors tο bυу land іח аחԁ around developing infrastructure аחԁ mаkе bіɡ gains.

Tһіחk аbουt іt

Investors іח land һаνе bееח mаkіחɡ 30 100% annual gains іח Costa Rica fοr years аחԁ tһе trend looks set tο continue аחԁ best οf аƖƖ tһе entry prices аrе cheap аחԁ downside risk іѕ low.

Instead οf sticking wіtһ under performing mutual funds look аt tһіѕ alternative investment аѕ a way tο mаkе money fаѕt аחԁ уου mау bе glad уου ԁіԁ.

WEALTH BUILDING REPORT

Fοr a FREE report οח һοw tο build wealth іח land аחԁ property visit ουr website fοr a һυɡе resource οf articles, features аחԁ downloads аחԁ аt http://www.net-planet.org/index.html

Making Real Estate Money-Using A Buyers Agent

Many real estate buyers, especially first time buyers, don’t realize that when purchasing real estate you don’t have to pay ANYTHING to use an exclusive buyers agent.

Many buyers beleive they will save money by doing the home searching themselves. In reality, not using a buyers broker will probably cost you money and can subject you vulnerable to possible complications in the real estate transaction.

In a regular real estate transaction, sellers hire a Realtor , to advertise and sell their house. In the listing contract, a listing fee is decided of which a portion, usually 2.5-3%, is set aside for the payment of a buyers agent. It is from these funds that a buyers agent gets their commission check. This duty of this sellers agent is to look after the seller. Their job is to help the seller get as much money possible for the sell of their house. The listing agent has a responsibility to represent the seller and look after their best interest.

With the ease of searching real estate on the internet, it is easy for buyers to find Homes for Sale in Colorado, or rural Hyrum Utah Real Estate, it is true that buyers can get lots of information about real estate, but even the internet can’t replace the importance of using a buyers agent.

identify properties for buyers~The role of the buyers agent to primarily locate likely properties has changed}. The buyer agents main service is to serve as the “key” and provide valuable information about: homes information, local real estate information, home value information, and to make sure the buyers the best deal and will be protected during the transaction~real estate protection}.

Real estate transactions can be emotional experiences and invove huge sums of money. Tensions can be high and things very often go wrong. Since a seller has a real estate agent to look out for them and negotiate on their behalf, buyers should have this service too.

The buyers agent watches out for the buyer. them arrange financing with the best mortgage officers, and help guide them to the best home loan~Buyers agents help their clients find the best mortgage lenders, that will get them the best interest rate and most reliable service for their mortgage loan}. When a good property is found, buyers agents help the buyers to present good strong offers. Good buyers agents understand the market and can usually get a read of what the lowest acceptable offer will be. Buyers agents also make sure that all the paperwork is accurate and complete so their clients, the buyers, are protected.

Buyers agents set reasonable deadlines for inspections, due diligence, and mortgage financing. They then follow up with lenders and inspectors to make sure due diligence is completed in time. If there are issues, they help renegotiate the deal to take care of any problems, or to protect the buyers earnest money if the buyer does decide to back out. When cancellations happen, your buyers agent will still be there for you, and will endure through the home search, and negotiation over and over until the deal closes.

Making Real Estate Money-REITS

I personally believe that the real estate market has bottomed out, but it may a couple years before prices start to move up. It doesn't necessarily mean that you should go out an buy a rental house, but there are other ways you can invest in real estate.

One of the best ways of speculating on real estate is through the use of Real Estate Investment Trusts, more commonly known as REITs. These investments pass through almost all their income to avoid double taxation, which is what most regular corporations are subject to. The REITs have several advantages over owning real estate directly.

First, REITs are liquid. If you need to get your money out, you can sell it and get your money in two days. Second, you can receive a decent income through dividends. Third, dividends can be received quarterly or even monthly for some REITs, just like rental income checks. Fourth, you don't have to worry about making sure the insurance, property tax, and other expenses are paid. Fifth, you won't get a call at two o'clock in the morning about a leaking toilet. And last but not least, you don't have to deal with evictions.

Although there are hundreds of REITs to choose from, you need to be cautious about which one you choose, especially the debt level. In terms of specialties, you can choose REITs that invest in apartment, commercial, industrial, government building, medical buildings, mortgages, and many other sub-categories.
Zeromoneyinvestment.com has just come up with a list of 15 of the highest yielding Real Estate Investment Trusts, none of which have debt to capital ratios more than 25%. As a matter of fact, three of them are debt free. Yields range from 3.3% to over 20%, but I would recommend avoiding any REITS yielding above 7% as I don't believe those high yields are sustainable.

One example, is National Health Investors Inc. which pays a decent yield of 5.7% and has a debt to capital ratio of only 7.21%. The REIT invests in health care properties, mainly those involved in the long-term care industry. The company has been paid quarterly dividends since 1992, The total dividend payout is $63.64 million on an operating income of $72.96 million. The company showed an earnings growth for the latest quarter of 5.9%.

Another high yield REIT is LTC Properties, Inc. (LTC) which sports a yield of 6.25% and carries a low debt to capital ratio of 7.94%. This is another long-term care real estate investment trust. This is a REIT that pays monthly dividends, and the dividend track record dates back to 1992 also.

Public Storage (PSA) offers a yield of 3.51%, and has a debt to equity ratio of 5.53%. This REIT has a different approach to the REITs described above, as it owns and operates self-storage facilities in the United States and Europe. The company has a long track record, with monthly dividends paid since 1988.

Read more: http://www.articlesnatch.com/Article/Creative-Real-Estate-Investments-----Zero-Money-no-Money-Down/1250320#ixzz0rBNzfXIC
Under Creative Commons License: Attribution No Derivatives