Investing In Real Estate, (An Introduction)

Real Estate has been a very big industry where people have invested, which have proven to be a good place to put funds, time and energy. It has been proven that real estate is one of the smartest ways to invest as it deals with physical assets which covers comfort. Making homes your bank, cash machines and a vehicle to prosperity is what real estate entails. Let us start the real estate investment.

The extremist Sellers/Highly Motivated Sellers

Having a very little amount of money to start and willing to get a home as your first investment, then you need to buy from the extremist sellers/highly motivated sellers. If you go around wanting to buy a home from an agent, then you are just playing into your loss. Buying a house that was just constructed and is selling immediately is not what you want in other to achieve great profit. What you need are buyers who are willing to let go of their properties for a little amount because they are either in debts and need to clear it immediately or people who do want to sell their homes because it reminds them of a particular event. While searching for properties, make sure they are in good shapes and will be of good value if you want to sell.

Image Citation ziprealty.com

When you want to get properties at a very good rate, certain people should be targeted. This people are passing through certain things and need cash as soon as possible. This situations include;

• Negative cash flow
• Wrong management approach by previous owners
• Divorce
• Debts
• Business transfers or transfers of any form
• Property needs serious repairs
• Inability to pay arrears
• Death of a close person or owner
• Retirement
• Needs Capital to start another investment
• Needs to show off taste immediately
• Sickness
• Need money urgently.

Good properties that can be very profitable is often found with people with personal issues and problems, never forget that only about one out of every thirty seller will have any of these problems. Also, never think you are taking advantage of them because they are in problem rather, you are helping them and they need you to assist them get out of their problems. more so, you can buy from less motivated people but you have to make sure you are making profit at the end.

Image Citationwww.lexisnexis.com

Mediums To Find Good Deals

• Newspaper Ads
• Banks, Financial Institution and Lending Institution
• Personal Ads
• Realtors
• Mails
  *Desperate Seller Talk
• Personal Influence

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When checking for properties, certain things you have to still consider are;

• Location
• Property Condition
• Price
• How the bargain will go and how the payment will be made

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In My next post, i will be talking about how to make payments for properties. Some properties are acquired with no money are the beginning, Some properties are paid with other valuables except cash, and many more. I will be writing the techniques and method used in Paying for properties.