Buy Small Houses and Get Rich Investing in property is always a good idea,
improvements have real value too. Many investors prefer to own a string of smaller houses instead of a single large development. There are two reasons for this strategy – the risk is distributed, and the assets should be easier to sell separately.
Houses vs. Vacant Land.............................2 Find Out Where the Bargains are..............2 Remain Unemotional.................................2
Houses vs. Vacant Land Houses can either be rented out, or fixed up and sold on for profit. By comparison, you may have to wait for years for the value of vacant land to appreciate. If the reason for this is general property price inflation, then you will have achieved little in real terms. Your only hope is that adjacent land will be developed, or that you find money some day to develop your land yourself.
Find out Where the Bargains Are Unless you are very, very experienced, you could be as likely to come unstuck as you are to make a killer deal first time around. This means getting your hands on all the advice that you can find. Speak to local estate agents, and find a good accountant too. There are some very basic parameters behind valuing real estate, and you need to understand these.
Remain Unemotional Avoid developing any kind of affection for a house that you are considering purchasing, because this is a business deal and nothing else. Maintain emotional distance from the seller too. Inspect the house objectively, or, best of all, use an independent assessor to do this for you. You cannot afford to investÂ your money in a dud.
3 Whether buying to occupy, fix up or rent out, it is equally important to understand the local market and to tread carefully. At BankForeclosuresSale.com, you not only find over 1 million foreclosed homes available for sale, but also hot tips on foreclosure real estate investing.
Bank Foreclosures Sale 1800 Sans Souci blvd, 136 North Miami, FL 33181 1-888 596 9279 firstname.lastname@example.org The biggest foreclosures database on the web Find us on the Web: www.bankforeclosuressale.com
Published on May 25, 2011
Let BankForeclosuresSale.com reveal the logic behind investing in small houses, and how to spot the bargains. Make money this way too.