The Only Property
Investment Advice You Need For Any Market, Anywhere, Anytime
Would you like some property investment advice that when followed will
almost guarantee that you can make money with any real estate
investment? I can almost hear you saying "Who wouldn't".
Alright, I'll start with a hint. It's
not location, location, location.
In fact, some of my most profitable real estate investments have been
in locations that are not "sexy" by any stretch of the imagination.
Here's another hint. It has nothing
to do with "nothing down". No amount of fancy financing makes up
for a bad deal.
OK, no more hints. Let's get to the heart of my property investment
All Of My Most Profitable
Real Estate Investments Had One Thing In Common...
As I look back over my 14 years of real estate investing experience,
and then look closely at my best deals
(ie. the ones that made me the most money) they all had one thing in
common. Every one of my most profitable real estate deals were purchased well below market value.
Sometimes more than 20% below market.
commercial real estate deal I did, I was able to negotiate a
purchase price that was 22% below the current market value for the
property. I put $350,000 of "profit" into my pocket the day I closed!
of my early real estate investment "mentors" if you will always said...
"You make the most money on the day you buy a property". And he was
right. You have to find great deals and negotiate hard to get a price
that almost guarantees you a profit right out of the gate.
How Do You Know When You Are
Buying Below Market Value?
an easy way to figure that out. Ask yourself this question. "Could I
sell the property right now for more than I am paying for it? If the
answer is an honest "yes" then you are on the right track. Now, that
may seem oversimplified, but if you have a system
in place to identify and act upon the below market deals it is the
fastest way to real estate investment success.
Why Does This Property
Investment Advice Work In Any Market, Anywhere, Anytime?
reality is, there are no such things as good real estate markets and
bad real estate markets. There are only good deals and bad deals. Lots
of people make "bad" deals in what are perceived to be "good" markets
and vice versa.
piece of property, in every market has a value. If you can buy that
property for less than 80% of what it is worth, you will almost always
guarantee yourself a profit. And that is about the best property
investment advice I can offer.
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