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 [...]
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. [...]
SECURING BANK LOANS UTILIZING C/D AS COLLATERAL Shortly after each bank issues you a check for the loan amount, they will send you a repayment book in the mail. What this resembles is a coupon book that a supermarket might honor, but you’re not getting anything here–you’re paying something. Now your best strategy is to beat [...]
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 perfect [...]
A big part of bringing your conscious efforts into your subconscious mind is organizing your time and putting together a meaningful and realistic daily/weekly/schedule. Go out and buy a professional calendar, schedule of upcoming events, appointments, meetings, and so on, so that you’re never caught in the embarrassment of discovering you’re scheduled two very different [...]
The first time you rode a bicycle successfully, you most likely really had to think about it. No doubt you have to concentrate totally on just exactly what you were doing. Maybe you had to do that again the second time, and the third, fourth, and fifth time, and maybe even for several weeks thereafter. [...]
