Spend a little time on inexpensive repairs. Fix the leaky sprinkler head, and replace the dripping bathroom faucet. Take care of these unsightly issues before showing the house. The more expensive repairs can wait, to be used as a bargaining chip later on.
Well, we have run into a sticking point in the real estate business because of our income and the fact that our W-2s come from our corporation. No bank would touch us. No lender would talk to us.well, they talked but said they couldn’t help. If we had a traditional job making a lot less money for some other company, we would qualify for a loan with no problem. Even our bank that we have all of our business and personal accounts with doesn’t want to touch us. Not even for a HELOC. How is that for customer service??
The best way to achieve objectivity is to collect as much information as possible. Every investor needs a systematic and disciplined approach to the investment process and must act in keeping with a grand plan of events.
Investing in property is one the best ways to become a millionaire. The best strategy to adopt would be to invest in upcoming cities such as Dallas in Texas. Dallas property market which is relatively affordable now can help you virtually mint money with time since the city is considered among the fastest growing ones in the U.S.
The Burger king guy shows up with no helpers, but with two huge bags of sausage biscuits–we had to fend for ourselves to get coffee. He came by himself, because he had no assistants or site selectors working for him. He covered his seven states all by himself. He selected every site, wrote every contract, and did all the research himself. He had no big research facility and he didn’t pay much attention to demographics. Although his talk took about 45 minutes, it boiled down to this, “I go in to Greenville, South Carolina, and look around for Mcdonalds. Then, I’d buy whatever is closest to them.” That was 15 years ago, but that is still their strategy today. They go and look for McDonald’s.
Depending on where you look for foreclosures, some homes have sold for 10,000 or more. This is staggering to think the original value of the house was around 90,000 or more. This was a real estate invesment.
You’re detail oriented. In Investment properties, the dollars are in the details. Are you the type who notices a tiny crack in the wall or poorly done crown molding? Success comes from paying close attention to minuscule details and choosing the right accessories for the home. The wrong color trim could mean the difference between a quick sale and a house that stays on the market for a long time.