Statistics show that almost 95% of our fellow citizens
will retire at or below the poverty line by the age of 65.
These people rely on friends, family and it will be
Federal government for financial support.
If ours is the land of opportunity, why does this
startling reality exist? The answer can be traced back to
our upbringing.
From our early years, we learned that the correct path
in life is to go to school, get good grades, and get a
"Safe" j.o.b (Just Over Broke) with benefits. Sound
familiar?
And let's face it people, you'll never work rich
for someone else! With "Job security" a thing of the past,
thousands of people are looking for alternative ways to
make money.
Investments in real estate remains one of the biggest ones
creation tools prosperity in America. It remains one of the
fastest and proven ways to amass a fortune, and more
importantly, once you understand the basics almost everyone
can do it.
Incredible and profits can be made by purchasing
dilapidated housing and improve their value with a high-speed
makeover. The strategy is simple: Buy a run down
home below market value (wholesale), fix it up and sell it
for the full retail price.
Newcomers in this area are advised to pay close
time to research and study. Before you test the waters
There are four factors you should consider:
1. You must know something about remodeling and get a
idea of how much it will cost to get back in the house
form. Consider what you are able to do yourself and will be
what it will cost if you need to have done.
2. The location and design of the house are two of the most
important factors to consider. Study the district,
shops and public transport facilities.
3. You make your profit when you buy. Therefore, you should
teach you how to calculate. your ideal purchase price
4. You always have to finance the project in the most
cheap way, and to make use of very little or none of your own
money.
Why is it a smarter way to invest? Buy traditional and
grip is too slow for my taste. Buying a home and a job
on the market to go is one of the riskiest ways of
investing that I know. I call it buying and hope
strategy!
I prefer a method that I will give my profits to the front,
and an increase in the value of the market forces may be seen
as a bonus.
Still not convinced? Well, here are four powerful
reasons:
1. The biggest advantage: fast track your capital
of the buy, fix up and hold strategy is that you can make
immediate gains of 10 to 30 percent above
all profits made from the market.
2. $ 100,000 plus per year: If your goal is to
buy, fix up and sell, then a six-figure income is not
of the question. The equation is quite simple: Five
properties turned into a $ 20,000 profit each equal to $ 100,000!
3. Sack Your Boss: Depending on your financial
circumstances, you may be in a position to generate enough
income and stop working full time.
4. Get a life: You've probably heard the saying that the
day you find a job you love to do, is the day you stop
work. If, like me, enjoy your sleeves to roll and
getting your hands dirty, then this may be the biggest
career move you make.
As you can see, fixing up old houses does have its
advantages compared to traditional strategies. Sure, it may take
more work, and things do not always go according to plan. However, if
anyone who is rich will tell you, their level of success
has a direct relationship with the effort they put in.
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Sal Vannutini is a successful real estate investor and author of the best-selling "fixer-upper Fortunes". Free e-book and six part mini-course shows you how to make a fortune. Real estate
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