Real Estate Investing in a Changing Market
Investing in Real Estate is a different ball game than buying a house in which to live. Real Estate investment is all about leverage, and using “other people’s money”.
As a Realtor in Central Florida, I specialize in making thousands of dollars for my clients, through shrewd Real Estate buys. My most successful Real Estate customer is a pharmacist in the Miami area who bought 10 acres of land for $65,000, and successfully “flipped” it six months later for $175,000.
In my market area, the ‘buy and flip” Real Estate model has been charging ahead like an out-of-control bullet train for the past four years. Now, the train has slowed down. In Real Estate terms, “buy and flip” means that you buy a property and put it back on the market within a short time after the deal has closed. Many Real Estate investors actually get a property under contract and look for a buyer of their own before they close on the original deal! I know one man, also from Miami, who has become a multi-millionaire using this formula, along with taking back owner financing for the people who buy Real Estate from him.
“Buy and Hold” in Real Estate means a longer term investment. You buy a piece of property and hold onto it for a number of years, as a “trust fund” for retirement, college education for your children, etc. If it’s a house, condo, or another type of dwelling, you rent it out while you own it to help pay for the mortgage, taxes, etc.
Another area of Real Estate investment is “Pre-construction”. This model works when market values are on the rise. The blueprint for success is to:
• buy a lot in an area of appreciating housing prices
• have a house built by a reputable builder
• then sell the house, making between $30,000 to over $100,000 for an executive waterfront home.
Many of my clients have done this successfully. This is where leverage and using “other people’s money (OPM) comes in. When you find an area where, according to comparable sales, single-family homes sell for $30,000 or more than the cost of the lot plus the cost of construction, you have BUILT-IN EQUITY PRIOR TO THE START OF CONSTRUCTION! This is where knowledge of the market and of appraisal methods comes in.
Wouldn’t it be great to get a piece of this action? What’s holding you back? Of all the great fortunes made in this country, more than 70% were based upon Real Estate.
As a Realtor in Central Florida, I specialize in making thousands of dollars for my clients, through shrewd Real Estate buys. My most successful Real Estate customer is a pharmacist in the Miami area who bought 10 acres of land for $65,000, and successfully “flipped” it six months later for $175,000.
In my market area, the ‘buy and flip” Real Estate model has been charging ahead like an out-of-control bullet train for the past four years. Now, the train has slowed down. In Real Estate terms, “buy and flip” means that you buy a property and put it back on the market within a short time after the deal has closed. Many Real Estate investors actually get a property under contract and look for a buyer of their own before they close on the original deal! I know one man, also from Miami, who has become a multi-millionaire using this formula, along with taking back owner financing for the people who buy Real Estate from him.
“Buy and Hold” in Real Estate means a longer term investment. You buy a piece of property and hold onto it for a number of years, as a “trust fund” for retirement, college education for your children, etc. If it’s a house, condo, or another type of dwelling, you rent it out while you own it to help pay for the mortgage, taxes, etc.
Another area of Real Estate investment is “Pre-construction”. This model works when market values are on the rise. The blueprint for success is to:
• buy a lot in an area of appreciating housing prices
• have a house built by a reputable builder
• then sell the house, making between $30,000 to over $100,000 for an executive waterfront home.
Many of my clients have done this successfully. This is where leverage and using “other people’s money (OPM) comes in. When you find an area where, according to comparable sales, single-family homes sell for $30,000 or more than the cost of the lot plus the cost of construction, you have BUILT-IN EQUITY PRIOR TO THE START OF CONSTRUCTION! This is where knowledge of the market and of appraisal methods comes in.
Wouldn’t it be great to get a piece of this action? What’s holding you back? Of all the great fortunes made in this country, more than 70% were based upon Real Estate.
Investing in Real Estate is a different ball game than buying a house in which to live. Real Estate investment is all about leverage, and using “other people’s money”.
As a Realtor in Central Florida, I specialize in making thousands of dollars for my clients, through shrewd Real Estate buys. My most successful Real Estate customer is a pharmacist in the Miami area who bought 10 acres of land for $65,000, and successfully “flipped” it six months later for $175,000.
In my market area, the ‘buy and flip” Real Estate model has been charging ahead like an out-of-control bullet train for the past four years. Now, the train has slowed down. In Real Estate terms, “buy and flip” means that you buy a property and put it back on the market within a short time after the deal has closed. Many Real Estate investors actually get a property under contract and look for a buyer of their own before they close on the original deal! I know one man, also from Miami, who has become a multi-millionaire using this formula, along with taking back owner financing for the people who buy Real Estate from him.
“Buy and Hold” in Real Estate means a longer term investment. You buy a piece of property and hold onto it for a number of years, as a “trust fund” for retirement, college education for your children, etc. If it’s a house, condo, or another type of dwelling, you rent it out while you own it to help pay for the mortgage, taxes, etc.
Another area of Real Estate investment is “Pre-construction”. This model works when market values are on the rise. The blueprint for success is to:
• buy a lot in an area of appreciating housing prices
• have a house built by a reputable builder
• then sell the house, making between $30,000 to over $100,000 for an executive waterfront home.
Many of my clients have done this successfully. This is where leverage and using “other people’s money (OPM) comes in. When you find an area where, according to comparable sales, single-family homes sell for $30,000 or more than the cost of the lot plus the cost of construction, you have BUILT-IN EQUITY PRIOR TO THE START OF CONSTRUCTION! This is where knowledge of the market and of appraisal methods comes in.
Wouldn’t it be great to get a piece of this action? What’s holding you back? Of all the great fortunes made in this country, more than 70% were based upon Real Estate.
As a Realtor in Central Florida, I specialize in making thousands of dollars for my clients, through shrewd Real Estate buys. My most successful Real Estate customer is a pharmacist in the Miami area who bought 10 acres of land for $65,000, and successfully “flipped” it six months later for $175,000.
In my market area, the ‘buy and flip” Real Estate model has been charging ahead like an out-of-control bullet train for the past four years. Now, the train has slowed down. In Real Estate terms, “buy and flip” means that you buy a property and put it back on the market within a short time after the deal has closed. Many Real Estate investors actually get a property under contract and look for a buyer of their own before they close on the original deal! I know one man, also from Miami, who has become a multi-millionaire using this formula, along with taking back owner financing for the people who buy Real Estate from him.
“Buy and Hold” in Real Estate means a longer term investment. You buy a piece of property and hold onto it for a number of years, as a “trust fund” for retirement, college education for your children, etc. If it’s a house, condo, or another type of dwelling, you rent it out while you own it to help pay for the mortgage, taxes, etc.
Another area of Real Estate investment is “Pre-construction”. This model works when market values are on the rise. The blueprint for success is to:
• buy a lot in an area of appreciating housing prices
• have a house built by a reputable builder
• then sell the house, making between $30,000 to over $100,000 for an executive waterfront home.
Many of my clients have done this successfully. This is where leverage and using “other people’s money (OPM) comes in. When you find an area where, according to comparable sales, single-family homes sell for $30,000 or more than the cost of the lot plus the cost of construction, you have BUILT-IN EQUITY PRIOR TO THE START OF CONSTRUCTION! This is where knowledge of the market and of appraisal methods comes in.
Wouldn’t it be great to get a piece of this action? What’s holding you back? Of all the great fortunes made in this country, more than 70% were based upon Real Estate.
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12:37 AM
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