And unless you are in Texas where Lease Options are against the law, you could probably do a Lease Option and structure it in such a way that when the market comes back up they could purchase the house that they are renting from you at a later date.
Buy the best land you can afford. Cheap land will get you nowhere. By the time you’re able to sell the land to an investor, or if you have enough money to develop the land on your own, you need prime property. Choose land that is accessible to roads, commercial establishments, and other places that make it a convenient, prime choice. It also helps to buy land with a good view of the surrounding environment.
Investing in a real estate property can be a risky and costly event. Hmm, if you are not prepared before, you will make losses. Not just losses but, but you will become a pauper. Remember, as I said in my earlier statements, Real estate market is speculative. You never know, where your investments make you land. Just play the right way. The real estate strategies given in the book can show you the right path and you will be riding up and safe.
With an off plan investment, you do have to be sure to research every aspect of the property and location. You also want to be sure you are dealing with a reputable seller. If you are not familiar with architectural plans, be sure to have the plan analyzed by someone who can explain what everything means. Of course, the developer will do this to some extent, but you should also go over the plan with a disinterested party.
As a real estate agent, you can make money in real estate without leaving your home. It is a best option in today’s economic situation. The main reason behind this is the fact that real estate invesment gives you a sense of security. It is not as volatile or erratic as that of share market. Thus, you can be assured that in real estate business you reap benefits more than in any other kind of investments.
Then one day, I had the idea that I should probably invite the Burger king guy, too. He was also in Atlanta, and he covered exactly the same territories–the same seven states. Burger king accepted the invitation, and their organization came down for the special purpose of giving their side of the story, knowing full well that the McDonald’s guy was doing the class, too. So, I had McDonald’s guy come on Tuesday, while Burger King came on Wednesday.
You’re strategic. Smart real estate investors always have a strategy in place long before they begin big projects. A smart strategy is the key to any investment and will keep you one step ahead of the competition.