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| Dean Graziosi’s Real Estate Training |
Foreclosure For A Grand Training Site |
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Real Estate Investing is a business. It can include a wide range of activities. These include:
- Buying run-down houses at low prices to fix up and sell quickly (fix-and-flip)
- Buying houses to touch up and hold (typically to rent or sell through lease-option-to purchase)
- Buying houses in short sales (purchases from the owner for less than what he/she owes the bank, with the bank’s agreement)
- Buying homes already foreclosed and owned by the bank (e.g., single family homes in REO portfolios)
- Buying commercial real estate (apartment buildings, malls) to rent
As you can see, some strategies involve buying and selling very quickly, sometimes in the matter of days or weeks. Other strategies require long-term planning. The idea is to buy right so that you make a profit, both with a positive cash flow from ongoing net rental income and appreciation of value in the property. If you pay too much at the time of purchase, your chances of a profitable business deal are low. Housing values can fall or stay stable. This is why seasoned real estate investors often aim for paying no more than 60% of the retail market value of the house, leaving margin for the expenses of repair and renovation and fluctuations in market value.
To learn the ins and outs of real estate investing, it is wise to take a training program of some type. These vary from home study courses to mentoring programs. Each real estate investing guru has his/her own style of how to make a profit. The best way to proceed is to explore at least three different guru’s approaches and to decide what your own interests, skills, and enthusiasm are for the various forms of real estate investing.
If you don’t like to haggle with people (also called “negotiation”), this is not the right home-based business for you. You have to know what you should do, do the steps the best you can (adapting to rapidly changing circumstances such as increased costs for repairs, higher interest rates, bad tenants), and move on. You have to treat each property as a business decision even though other people are involved in the process on all sides of a deal.
| Click on a Link Below to Learn More… | |||
| Beginner | Intermediate | Advanced | |
| Click Below: | Click Below: | Click Below: | |
| Dean Graziosi’s Real Estate Training |
Foreclosure For A Grand Training Site |
Trump University |
|
|
|
|
|
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