Creative Real Estate Investing
With a job that paid $3.40 an hour, I saved $5,000. I used $3,500 of it to buy my first piece of real estate - 2 acres near where I lived. As you can guess, this was many years ago. A few hours removing brush, and it was ready to sell. I hand-painted a sign, and two weeks later sold the land for $4,750, with $250 down, $100 per month, at 11% interest. With the capital gain, my annual return on investment was over 20%. Not bad, for my first time investing in real estate. Creative Investing Means Solving Problems I bought the land a little under market, because the seller needed fast cash. Problem one solved. I sold the land a little over market value because the buyers needed easy terms. Problem two solved. Creative real estate investing is about solving problems. Radio stations and others need hill tops for their towers, but can't tie up their capital. One creative investor got options on hill top properties for a few hundred dollars, then found those who needed them, and signed long term leases. With the leases in hand, it was easy to get financing to buy the properties. He invested a few hundred dollars to create years of income. Lumber mills need trees. A friend of mine helped solve this problem by letting a company cut trees on his small property. They paid him $4,500, and you know what? I couldn't see the difference when they were done. The property is residential, and was worth as much the day after the cut as the day before. He lived there, but a creative investor could buy property like his, sell half the trees, maybe clay or gravel too, and then re-sell the land. What do people need? Easy terms? Cleared lots? Lumber? Better access to a piece of property? Smaller pieces of land? Condos instead of apartments? The list goes on. When you think creative real estate investing, think problem solving. Steve Gillman has invested real estate for years. To learn more, and to see a photo of a beautiful house he and his wife bought for $17,500, visit http://www.HousesUnderFiftyThousand.com
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Georgetown, Texas Real Estate Agent Educates Custom Home Buyers
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In order to increase sales and answer questions it is a good idea for Sacramento Luxury Real Estate agents to know the general history of a state or city. And of course, to best understand Sacramento, we must begin with California itself.
Luxury Home Magazine Opens Two New Publications & Hosts Lavish Seattle Luxury Real Estate Event
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Austrian Luxury Real Estate Market Still Bullish, Says CEO of Leading Luxury Real Estate Portal
Despite the present turmoil on the global Real Estate Markets and the financial crisis the recently launched Luxury Real Estate Portal www.EliteAlps.com is a full success. Due to high demand for Austrian Luxury Real Estate from wealthy individuals from all over the world, demand is outstripping supply in most hot spots in Austria and prices of those much sought after properties keep rising.
Seven Boise Luxury Estate Homes to Hit Auction Block March 1
Seven luxury estate homes in the greater Boise area will hit the auction block on Saturday, March 1, at 11a.m. during a builder inventory reduction auction conducted by Higgenbotham Auctioneers International.
Sarasota Real Estate: The Luxury Housing Market Continues To Sell
The real estate scene in the lovely southwestern Florida city of Sarasota is slowly but surely pulling itself out of the morass created by the US housing crunch. Local real estate brokers here have recently only been closing around 27 homes per week, which indicates that it would possibly take an extra three years to sell off the existing inventories.
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