Jim Toner is a successful real estate investor who has also written multiple books on the subject. He enjoys teaching other people about running a business and investing in real estate.
Writing books is harder than most people realize. It took Jim several years to publish his first book. After years of writing, he worked with a quality editor who helped Jim improve his work. Although his first book was not a success, it taught him valuable lessons about the process. Jim Toner said, he has written dozens of books about real estate investing.
One of the biggest obstacles for people who want to invest in real estate is financing. Few people have the cash to purchase an investment property. Many banks do not want to work with real estate investors because they consider the customers risky.
In the last housing crash, many banks lost billions of dollars on bad real estate loans. Since the recession in 2008, numerous banks have increased lending standards.
According to Medium, Jim Toner teaches investors how to secure capital to make a real estate purchase. There are ways that investors can look more appealing to banks to obtain financing. In most cases, increasing a person’s credit score drastically improves their odds of getting mortgage approval. Most people do not realize how a small increase in a credit score can impact a mortgage application.
Jim recommends that people invest in rental properties for multiple reasons. Owning a rental home provides a way to make additional income each month. The rental homes can also increase in value over time. Jim started with a single property and now owns dozens across the country. He thinks that anyone can have the same level of success by working hard to find deals. Jim plans to write a few more books on real estate before retiring.