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Common Sense Customer Service!
The key to growth in any business; whether it be the largest corporation on the planet or someone working a home business from their laptop on the dining room table; is exceptional Customer Service. Customer Service can’t just be ”good” or ”OK”; it...
Hide and Seek?
Hide and Seek? by Laurie Rogers There is absolutely nothing worse than trying to find out WHO the person is that owns a web site. I'm sure you all know what I'm talking about. Doesn't that just drive you NUTS? It drives me especially crazy when...
Long Term Energy Outook
Key Events To Watch For Iraq Oil Production stabilizing above 2 Million Barrels per day Usual suspects for Strikes Norway, Nigeria, and Venezuela Saudi Production over 10 Million Barrels per day Largest Importers to U.S. and amount weekly ...
SMART MONEY MOVES...RELOCATE YOUR ASTROLOGY CHART BEFORE YOU INVEST IN YOUR OWN PRIVATE PARADISE....
BEFORE YOU INVEST IN YOUR OWN PRIVATE PARADISE, A…Golf Course Haven…Vineyard in Provence…Oceanfront Condominium with a Dock for Your Yacht…Sunny Tropical Island…Mountain Ski Cabin…Castle by the Sea…Panama Estate…Or Cancun Casita... STOP and CHECK...
The Millionaire's Favorite Author
YOU WON'T FIND W.G. HILL ON ANY BEST SELLER LISTS, BUT IT'S HARD TO FIND A MILLIONAIRE WHO HASN'T READ MOST OF HIS $100 "SPECIAL REPORTS".
Hill's Low Profile -- The name W.G. Hill isn't bandied around much in the book-publishing world. No...
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Investing In Real Estate, How Do I Get Rich?
Title: Investing In Real Estate, How Do I Get Rich? Author: Barrett Niehus License: Publish freely both online and offline. Please Include resource box in publication. Word Count: 572
++++++++++++++++++++ Investing In Real Estate, How Do I Get Rich?
By Barrett Niehus
Fundamentally, you have three ways to make money when purchasing investment property. The first is to lease the property for an indefinite period at rents that exceed the cost of holding the asset. The second is to purchase the property with the intent of renovating it to substantially increase the value and selling it quickly. The third is to find properties that need to be liquidated quickly at a substantial sacrifice to equity. An investor can acquire these properties and immediately sell them for a substantial profit.
Essentially, these three concepts have made more millionaires than any other type of venture in human history. Having said that, why aren't you creating your wealth with real estate? For many, it is fear; for others it is lack of capital. However, for all, it is merely a lack of understanding. People buy and sell real estate with no money down all of the time, and real estate has always been a much safer investment than the stock market.
So how do you get started?
The first step is always education. Start reading books about real estate investments. Go the book store or library and learn the fundamentals. You don't need to be an expert, but you must understand the process. Find a realtor that works with investment properties and ask questions. Do the same for mortgage brokers and banks. Sit down with a loan officer or mortgage broker and determine how you would finance an investment. Ask questions and find real estate and finance professionals that can help protect your interests as you learn.
The next step? ... Find the properties.
With the aid of the real estate professionals, determine the best type of investment for your lifestyle, financial position, and risk profile. After you determined best type
of property to maximize your return, begin searching for your investment. For this, the internet has become an invaluable, time saving, tool. Search for potential investments at sites like freeForclosureSearch.com (http://www.foreclosurefreesearch.com/index.cfm?rsp=2428) or Reals.com (http://www.reals.com) In addition, you can look through your local paper, visit county the county recorder, and call on the resources of your network to find the opportunity.
But how do I recognize the opportunity when I find it?
Valuing a potential investment is not as difficult as it may seem. For investors looking to receive a return for charging rents, evaluation software such as IP Ware (http://www.freetrainer.com) aids in finding the maximum return on investment. For investors that are looking to renovate and re-sell, comparable values of the surrounding area can be a good foundation. Finally, for those that are looking for people that must sell at a substantial sacrifice, mortgage lenders, tax records, and financing groups can be a significant source of information.
Investing in real estate is a simple process. It is merely a matter of locating a potentially good investment. Determining how to best leverage that investment. Then using your resources and relationships to minimize your risk, and maximize your return. There is a myriad of resources available to beginning real estate investors. Isn't it time you took advantage of the opportunities in real estate and started building your wealth?
+++++++++++++++++++++++++++ Barrett Niehus, http://www.freetrainer.com is director of IP Ware Real Estate Investment Analysis Software, http://www.freetrainer.com. He has written extensively on investing, and is an advocate of wealth creation and retention through real estate.
About the Author
Barrett Niehus, http://www.freetrainer.com is director of IP Ware Real Estate Investment Analysis Software, http://www.freetrainer.com. He has written extensively on investing, and is an advocate of wealth creation and retention through real estate.
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