Written by Gabriella for Island Advantage Realty LLC

My Aunt Tova had a pillow on the settee in her front parlor that said "The harder I worked the luckier I got." I loved that pillow as a child. Before I could read I loved it because it was soft and beautiful, the stitching was exquisitely done. When I was old enough to read I thought it was funny, but I didn't understand it. I didn't get it until I helped my first client close on an REO property.

My first client was a lovely gentleman who had been investing in real estate for over a decade. He was smart, savvy and driven. He had been a distributor for a well known cheese manufacturer. As a young man he drove a truck all over the metro New York and Long Island areas, stopping in to Delicatessens and small sandwich shops, lifting and hauling heavy packages of cheese. He did this for 15 years while investing in valuable real estate that needed a little TLC. He worked 60 hour weeks to be able to afford his investments.

After 15 years he had amassed a sizable real estate portfolio and he was able to leave his job.. Instead of retiring completely he now focused all of his attention on investing. After another 15 years of investing he was extremely wealthy. At the age of 48 after working 30 years, 15 for someone else, 15 for himself he was able to retire with more money than he could even spend. In the neighborhood he was known as "lucky", but I knew better.

Since that time I have helped many "lucky" people purchase REO properties that either provided a less expensive roof over their heads or additional income for their families. If you are interested in being "lucky" in the real estate market, I hope you will consider looking at what the REO market has to offer.

Give us a call and Island Advantage Realty LLC; we are the recognized experts in this field for the Metro New York and Long Island areas.

The advice and tips offered in this blog are intended to be solely informational and do not apply in all circumstances.  Make sure that you consult a real estate professional, financial consultant or accountant before taking any action.  For further information or questions please contact Gabriella@IARNY.com