It's no secret that Real Estate has become the proverbial "ghost town". In today's market all investors must be smart and keen on which properties to buy, sell, rent or lease. Just like any market you must be willing to buy and with Real Estate the big wigs SELL, SELL, SELL!!!
But how do you go about investing in a market that is so obviously a low? They say the well has been tapped dry and all that's left are dusty rocks at the bottom. That there is no pit and everyone agrees...or do they?
I am here to tell you passionately that there is still plenty of money to be made in the Real Estate market and by following my three simple rules you will be flying high just as if you were in the market of '05!
Step One: Stop looking for the diamond in the rough and instead look for homes that are well structured with a good foundation and the most a buyer has to do is paint & carpet. No fixer uppers, no handyman specials. Buyers in this market only want sure deals. They are expecting quality at a price they can afford and it is up to you to supply them what they crave.
Step Two: State a selling price as much as 10% higher than what you actually know your going to be selling it for this way you land at the price you truly want. However, do not go any higher than that lest you scare off potential buyers. This is an old selling trick used in many markets. Remember, there is no such thing as a "Clearance" or "Sale".
Step Three: Never invest in to more than three homes at a time. This insures your intuition stays focused and your not blinded by potential earnings. You don't want to be the investor stuck with 100 homes. Believe me I've seen it and it isn't pretty. At the very least you can rent a couple homes but nothing guarantees your renting 100.
By following my three easy simple rules you will be well on your way to making money even in today's market. Just follow my plan which you can find in my new free ebook Real Estate Rainbow, An Investors Guide to Selling in a Low Market for that is going to be released September 5, 2017 for a more in depth analysis on these three simple rules plus more knowledge on how to sell in todays market.
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