Profit Secrets

HOW TO ACQUIRE PROPERTY WITHOUT RISK

There are a number of ways to acquire property without risk. We list a number of the most important:

There are a number of ways to acquire property without risk. We
list a number of the most important:

  • Restrict the size of the investment and the amount of
    indebtedness.
  • Sell at a profit a part of what you have purchased.
  • Buy only such property as you are willing and able to hold for
    an indefinite period.
  • Make an estimate of gain or loss probabilities before you buy.
  • Withstand all pressure of people who try to induce you to sell
    at a loss.
  • Increase desirability of the property before you sell.
  • Observe the effects of local improvements, movements and
    activity. Develop ability to buy Real Estate with the greatest
    potential for the future. The successful buyers of Real Estate
    have a good knowledge of facts and laws, learned under a great
    variety of circumstances. They realize the importance of making
    investigations. They know economics and business conditions
    locally and nationally. They study trends, growth areas and
    property utilization. They have a correct idea of their own
    personal finance limitations. They have a high degree of
    interest, judgement and imagination.
  • Adaptability, fortitude and a high degree of resourcefulness
    are other attributes to successful Real Estate investing. Desire
    for ownership and not being adverse to going into debt are very
    important.
  • If a property appears to be greatly under priced never quibble
    over price. List all the significant advantages and disadvantages
    of each property. There should be some reasonably outstanding
    features that will generate enthusiasm. Decide to buy on the
    merits of the property, not because someone is suggestive. If you
    lose a good deal, a better one will come along. Resist
    speculation fervor.
  • If you are buying a property to hold for a long time, compute
    the taxes, interest, insurance, etc. You will have to pay while
    it is in your possession.
  • Realize that when the market is good and the price is rising
    you can always buy, but when the market is going down it is
    difficult to sell. Don’t sell too quickly and do not over-extend
    yourself.
  • Realize that increasing value of improved (homes buildings,
    etc) result mainly from increasing population.
  • if you are interested in making money investing in REal Estate
    foreclosures, the best way to succeed is to develop a financial
    plan based on your tax bracket so that you will know when to sell
    off which properties and when to keep them for future increase in
    value. You will need to recognize when there is “concealed”
    equity in a property which is not visible to other investors.
    Look for homes from 5 to 20 years old with potential net profits
    of no less than $4,000 when you convert them.
  • Know the laws in your state pertaining to the foreclosure
    process. Look over all the small print in contracts. Most of them
    favor the seller. If you are the buyer, have the contract changed
    to fit your requirements.
  • Be careful at auctions so that you don’t get carried away with
    the bidding; determine in advance the top you will go and stay
    with it.
  • Strive to locate and purchasee distressed property before
    foreclosure proceedings start and you can generally assume
    conventional loans under the same circumstances as presently
    exist.
  • When you have purchased the property in a slow Real Estate
    market, it is easier to sell since you have probably acquired it
    at several thousands below the current market value.
  • It can be good policy some of your property and keep some. For
    example, if you can sell one-half of the property and get mos of
    your money back, you will be able to retain the balance for
    future enhancement and use the proceeds of that portion sold to
    speculate in other properties.
  • Speculation is not all profit. As time goes by taxes and
    assessments increase; some properties may have to be sold to pay
    for such increases.
  • The greatest deterrent to a person buying Real Estate is the
    fear of making a mistake. Of course a person can’t afford to make
    many mistakes in Real Estate speculation just as in any other
    kind of business.
  • During a period of inflation, land is the best investment.
    During a recession or depression, land is the worst investment.
    If a recession appears imminent sell, even if on a contract for
    a reasonable dow payment and monthly payment on the balance. You
    will have an income and also have the property as collateral. You
    can be sure that as long as general economic conditions are
    good, the value of well selected Real Estate will increase.
  • Populations increase by birth rate and by influx. Check to
    determine the past circumstances of the local economy, the demand
    for public services and the future growth potential. The fact
    that a city has increased in population is not significant in
    itself. Perhaps there has been an annexation of adjacent areas.

Yes! By comparing, learning and using good common sense you can
profit in Real Estate regardless of recession, depression,
interest rates, or inflation!…And without excessive risk!

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