Tag: investing
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Finding Your Properties (2)
The third method I will briefly talk about is: Networking Networking is a highly effective method which is often overlooked. How hard is it to tell everyone you know and meet that you are in the market to purchase another property? Why would you limit this method to only yourself; this method should be…
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Preparing for Change
As a real estate investor, you should prepare yourself for the natural changes which are bound to come. Property values are fluid, so the fair market price keeps adjusting. As a wise investor you should look ahead and with reasonable clarity have a strong opinion as to what is happening in the market place. I…
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Real Estate Professionals
Today the news seems to be covering the story of the agreement reached between the NAR but are doing so in a manner which makes all real estate brokers and agents and property management professionals seem guilty. As an honest broker I wish to take a moment to inform you of some facts which the…
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Plan Your Projects then Work Your Plan
There are those who will tell you that your money is made in the purchasing of the properties. I disagree; your money can be obtained and lost in every phase of your properties rehab. Those who claim that their money is made during the purchasing process are saying they have crunched their numbers and…
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Cash Opens Doors
Cash opens doors which are not available to investors which depend on securing a loan to purchase a property. This for several reasons is a true statement, but a word to the wise they say is sufficient. Be careful the door your open does not lead to ruin. Linding institutions are not in business…
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Making Your Offer as Strong as Possible
The saying, “Cash is king.” Has stood the test of time, yet many real estate investors do not comprehend why. As an investor you may think that your cash makes you king. But the person who has the ability to walk away has control. In order to understand why cash is king you have to…
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The Strategy of ROI Method
The ROI method offers a helpful strategy for producing wealth. Wealth is not riches, in spite of what the dictionary says, because riches cause you to continue to do to accumulate. Wealth on the other hand is money you’ll receive even if you don’t do a thing. I am not saying that to accumulate…
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Integrity
Integrity is a word that we don’t hear very often. Perhaps those who say it most are trying to cover the fact that they have forfeited theirs. Yet the fact remains that to be a successful real estate investor, you must have integrity. The poet John Donne said, “No man is an island,” which also holds true in real estate investing.…
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Using Math to Overcome the Fear of Acting
One troubling reason preventing someone from accumulating wealth through real estate investing is the fear of making mistakes. This fear causes potential investors to remain by-sitters, watching others as they succeed and fail. Not all real estate investors find the path to wealth. It is also true that not all real estate investors lose…
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Helpful Hints # 3
This hint might have you go back and look at some of my previous blogs, for I have written on the various methods used to appraise properties in the past. Because of this fact I’ll not gives example of how they work these methods; however, I will tell you which method you may wish to…