Prepare to spend. Land does not come cheap. Prime property can run up to hundreds of thousands of dollars, and competition can get very stiff. You need to make your bid competitive, but make sure that you don’t short-sell yourself in the process. Negotiate a very competitive price that you and the seller are happy with.
It goes without saying that I own these stocks. I have invested about 1% of my investment capital in each of these plays. All data is from S&P and was collected recently.
Become a member of a real estate club. A real estate club will teach you a little something valuable in the industry and get you into contact with some very important people. A virtual real estate club which could be joined online can be a solution to time constraint in joining a physical real estate club.
A lot of people have started venturing into real estate invesment group structures. They go to this means because they believe they will earn money through investing in real estate. But what if you are not looking for a place to buy? Can you still invest in these and see your money grow?
Let’s recap what a traditional realtor sale encompasses so we can then compare it to private property sales. First, you would ideally interview 3-5 realtor agents to make sure you are comfortable with one that understands both your individual needs (fast cash, minimum net, short sale, etc.) as well as your neighborhood. Then you sign your exclusive listing agreement and your realtor starts marketing your property through, ideally, all potential outlets to find a buyer. This includes listing the property on the local MLS (multiple listing service), posting a sign out front, advertising in the local paper and, of course, everywhere possible online: business page, social media sites (Facebook and Twitter), perhaps a YouTube video walkthrough and more.
Many Californians are moving out of the state and going to Oregon. When this market turns around (which it will by mid 2009, you could even be up a lot more than what I’ve mention before.
Buyers such as lawyers, insurance agents, merchants, painters, and so on are skilled enough to provide important services to the seller. They can trade their skill in the dearth of funds for down payment.
A friend started undertaking the same factor and discussed the course of action to me. It was a method to get an excellent return on capital. It had been the other of shopping for without any money down. You bought for money.