Real Estate Investing Strategies
Investing in Real Estate
Investing in Real Estate is definitely one of the most lucrative methods available. The reason why people tend to do so well with Real Estate is that it’s a commodoty that people will never be able to live without. Even if we someday manage to find another habitable planet, Travel and Real Estate industries will thrive more than ever! Apart from being an everlasting market, investors can leverage borrowed money to turn an even greater profit. Further – if you invest at the right time, in the right property, you can turn profit immediately.
Market Knowledge – A Caveat
Please don’t jump into the Real Estate market with your eyes closed. Like any high margin investment strategy, it’s easy to lose money as fast as you can earn it. If you must realize one thing before jumping in, it’s this: Turning large profits in Real Estate is a full time job (at least to begin) and requires you to acutely train your mind to know the product intimately and watch for market trends. Here’s a simple example. If you know anything about computers, you’ll know that it’s a competitive market. However, there are still people that are able to profit by selling used computers to people who can’t afford new systems. A person who is intimately familiar with building computers will source all the used parts very inexpensively and insert them into a new case ($30), and add a new keyboard ($20). Buying a new case and a new keyboard can make all the difference. You’ve made your computer look new by purchasing some inexpensive value building aesthetics. The salesman then lists the computer in the paper at a reasonable price and turns a 15% profit if he or she is lucky.
Real Estate Investing is about Market and Product Knowledge. Figure out what people want. Figure out how to buy the parts at discounts and put them together to satisfy, with some aesthetic enhancements.
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Thanks, and Good luck!
About the Author
Jason Greenberg is a financial advisor in London Ontario Canada