Profiting in Real Estate in Slow Counties
October 31, 2009 by Janet7
When the area is soft you will have to be aware up front that acquiring a house for wholesale real estate investing will require some knowledge. You do not want to be forced to restrict yourself to buying a home that you will need to live in. In which case, that means you buy a home and occupy it until you flip it. In such an area you will need to get ahead on the competition. You will not likely be able to sell it for more than what the location can handle. Therefore, you need to buy at a large discount to make a good amount of money if you are planning to do this traditionally.
Now investors will start by doing research on prices in the current locations. Given the local real estate locations and the number of motivated sellers, wholesalers who are real estate investing are profiting very good. Regardless of what you plan on doing, when all is said and done, you have to determine the profit you made against the amount of labor that came into play getting the home successfully flipped.
As always, remember to educate yourself about wholesaling homes and/or seek a qualified professional before you plan any new real estate investment business and finance endeavors.
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Is there anything similar available on the island?
BIRDDOG ALERT: I’m offering 1% finders fee on my 63 unit apartment for sale in Thunderbay Ontario. That’s $22,500.00 in your pocket if you bring the buyer to the table. This is no joke. It will be a win win situation if I can sell my building so please try and find me a buyer and I’ll gladly pay you 1% of the purchase price which amounts to 22.5k. Please email this to all your friends who might need money. Details at: mshinvestments(.)com
what type of property is this?
Great educational and investment video for those people out there who want a little more than what large commercial banks are offering. Take control of your money and channel your investments in tangible things that yield great returns in a good or bad economical climate. These guys are awesome, jump on board to the biggest secret kept from normal folks (real estate investment).
The REAL reason is LOCATION LOCATION LOCATION! From a Real Estate prospective, this is prime property. Where would you propose they move? The Bronx, Staten island? The long term value to this project is predicated on location. you can build a building anywhere, this is true. But what is the best way to maximize the real estate investment? To build in Manhattan…..
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Real estate business is presently a topmost business to make money. Several people want to make career in this business but a real estate license is the basic requirement to perform real estate business. Real estate license enables people to buy and sell any type of real estate. It is true that real estate license is essential to start real estate business but the main question is that ‘how to get it’.
Real estate laws for each and every state are different but real estate license is required in every state. The person, who wants to get a real estate license, should be of 18 years. That person should be graduated high school and should pass a written licensing test. These tests or real estate courses are necessary because real estate laws are so complicated and hard to understand. A person can easily practice as real estate broker after having real estate license.
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I will assist you with any wholesale real estate investing questions or deal for a 24 hr time period for $5.
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Ellen's comment after this article was posted:
“Virg Bernero, the mayor of Lansing, Michigan, just won the Democratic nomination for governor of his state, making a state-owned Bank of Michigan a real possibility. Bernero is one of at least a dozen candidates promoting a state-owned bank as a solution to their states’ economic woes.”
My reply to this:
Any state with a mayor who can conceive of turning blighted abandoned-by-the-auto-industry neighborhoods into urban farmland hasn't lost the creative and industrious spirit that drove it to succeed in the last century. Creating a state-owned bank to finance these endeavors makes perfect sense. What bank is going to loan money to an out-of-work auto technician who wants to learn farming? Certainly not the bank that just foreclosed on his neighbor's property.
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