Remember that, as a real estate investor, your financial needs must supersede your emotional needs. Another thing to remember is that, in real estate, you really make money when you buy and not (as you might otherwise expect) when you sell. Primarily what this means is that you are buying today, and the deal must [...]
Did you ever do this? Did you ever go into an antique shop, for instance, or attend a garage sale and “discover” an heirloom so valuable or appealing that you can hardly believe it’s actually for sale? Do you almost feel it should be priced higher, or that you even feel a little “guilty” for [...]
Certainly before you actually buy any properties in whatever neighborhoods you look at, you’re going to want to find the ones with the best chance of staying rented because it fills the the needs of the most prospective tenants. Here is a practical example. A four-bedroom home can also fulfill the needs of every potential renter [...]
There just is no other way. The only tried and true method for scouting our your surroundings is to go out and scout them. Try obtaining maps of unfamiliar areas from local banks or chambers of commerce. Ask a real estate broker for help, and then go on your own to learn more about your surrounding [...]
Knowing the territory comes from your knowledge of the overall market place. Once you know the whole market, you’ll be better able to find your investment “niche.” Here is a workable plan for you to acquire the knowledge you need in order to find that niche in two or three difference neighborhoods.
Suppose your goal is [...]
There is an old saying in real estate: “The three (3) most important keys to success are location, location, and location.” And your best chance to succeed is to know all three of them.
If you’re going to succeed in this market, you have to know the market place. You have to know the territory. You [...]
LET’S BEGIN AT THE BEGINNING
An artist once said, “To paint the perfect painting, first live the perfect life, and then just paint naturally.” The message here in your new found career as a real estate investor might be translated like this: “In order to make the perfect real estate investments, first live the [...]
