Not to be the bearer of bad news, folks…but there are times when businesses fail. For instance, there might be a drought and a farmer might lose the entire crop. A scientist may come up with cheaper and environmentally friendly fuel alternatives that are brought to market, embraced globally, and put gas companies out of business. Things that are uncontrollable take place all the time, even the occasional investment opportunity could be doomed.
As you get to know the market you will be able to tell which properties are going to sit and which are going to move. For example, a large property in a small senior area will most likely sit for some time. Many older people are looking for single story homes that are smaller in size. The maintenance and upkeep is cheaper. It is easier to keep clean. And the taxes and insurance are cheaper. To find a two-story four-bedroom property in the middle of two-bedroom ranches may be nice, but it’s not a good real estate investment. The market will not support it and the people who are looking in that area will drive right by.
Consult the lender about terms and conditions- It will help you by making arrangement with them to get the most possible proceeds that you can and want to have.
For those wanting to make fast cash in a quickly-growing industry that even soaring oil prices can’t slow down, real estate is the way to go. While the stock market may be tricky, politics may get sticky, and the price of driving makes you feel icky, real estate can leave you lucky and in the money. People are still interested in buying and selling their homes, both new and remodeled. Those who can handle themselves in this market, and learn how to make a profit, can find a very lucrative career in the arena of real estate. But to succeed, you’ll want to know the best places to invest in real estate.
This is where commercial real estate gets tricky. You have no cash flow when the building is empty, but you still have payments on the loan, as well as taxes, insurance and maintenance. In the example given, these could add up to $4,200 per month. You may also have to pay utilities, and advertising costs, and a fee to an agent to help you get the place rented again.
Because closets are very important to many buyers, clearing the space to stage it and make it appear larger is extremely important and can make or break a deal.
$300 Marketing Plan – it’s the same as the $100 plan but double the amount of bandit signs and in addition go to your local print shop and have them print you 1000 to 5000 1/4 page fliers in those bright attention getting colors, again stating that you buy houses. Place these fliers anywhere your allowed.