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There are Two Ways to Make Money with Real Estate...Want to Know How?

By
Mortgage and Lending with Silverstar Finance Inc.

It sure is crazy what's happening out there and I completely understand many of the concerns I've been hearing from you. That's why I spend my time studying the market everyday and proactively staying on top of the changing landscape in the lending industry, so I can help you make great, well-considered choices for you and your families future.

So Why Buy Real Estate Now?

Many people are struggling to decide if it's the right time to buy real estate. Although we haven't seen the bottom yet, who knows exactly when that will happen? I don't have a crystal ball, do you?

But what do we know for certain? There are Two Ways to Make Money with Real Estate

  1. Buy a property for less than it is worth. Either buying it below the market or buying it on better than market terms. Then you can rent it and hold for appreciation, increased rental income / cash flow and then eventually sell it. See the short video below on cash flow and increasing rents...
  2. Buy a property and add value to it. Developing it, remodeling or changing it's use. This is a lot more difficult to do and I wouldn't recommend it until you have mastered Buying Right the first way to make money in real estate.


Video Link

Right now, you can Save Tens of Thousands of Dollars Buying a Home that is deeply discounted So Why Wait? Who knows for certain what next year will bring, higher interest rates? More stringent lender guidelines? Job layoffs? The odds are high that all of these will occur based on what is happening today so why take your chances at a later day if you qualify now? It just doesn't make sense!

It's true when you hear that it's best to Buy Low and Sell High, right? However, what do most of us do? Sell low and Buy High, it's human nature to make emotional financial decisions and 9 times out of 10, it's not a good decision!

What if we spent thirty minutes reviewing your situation and goals so we could see if it may make sense for you to act now and so you could do so with confidence? How would that make you feel?

The old adage, "When Life Gives You Lemons, Make Lemonade", couldn't be more true! Instead of lemonade, let's take this opportunity to make money now and for your future!

Stay tuned...next week I'm going to continue on this series showing you the enemies of capital build up and how to best combat them.

Robert Havana
Park and Protect- Alberta Real Estate License Parking - Calgary, AB
Alberta Real Estate License Parking

I have always said, "nobody got rich selling real estate"

meaning that the true source of profit is in buying it.

Nov 24, 2008 04:53 AM
Erik Hitzelberger
RE/MAX Alliance - Louisville REALTOR-Luxury Homes - Louisville, KY
Louisville - Middletown Real Estate

Janet - You really hit the nail on the head here.  If buyers aren't buying now, they are either being controlled by fear or greed.  Neither is a valid reason.  The deals exist.  The money exists.  Why deny yourself success? 

Nov 24, 2008 04:54 AM
Mick Michaud
Distinctly Texas Lifestyle Properties, LLC Office:682/498-3107 - Granbury, TX
Your Texas Lifestyle is Here!

I'd say you hit it right.  Buy low, sell high.  Timing plays into it big time.

Nov 24, 2008 04:59 AM
Jenn Neumann Deer
RE/MAX Southern Shores - Surfside Beach, SC
Surfside Beach Real Estate

I wish I could find that crystal ball!  That would be very helpful at any time but especially now.  So many people ask if they should buy now or if they should wait, and of course now is a good time!  But will next month be better?  Who knows. 

Nov 24, 2008 05:05 AM
Anthony Stokes-Pereira
Better Homes and Gardens Rand Realty - Nanuet, NY
Realtor

Hi Janet;

Great Post!! I thank you for sharing. Good Luck!!!!!!!!!!!!

Nov 24, 2008 05:15 AM
Goodbye Active Rain
Out of Real Estate

There are more than 2 ways to make money in real estate.  These involve using many different strategies when you know how to think outside the box.  Why limit yourself to 2 when there are more? 

Good luck.

Nov 24, 2008 05:46 AM
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

Janet- great post.  I look forward to reading more from you.  Thanks for sharing.

Nov 24, 2008 05:48 AM
Chuck Carstensen
RE/MAX Results - Elk River, MN
Minnesota/Wisconsin Real Estate Expert

Buying right is the key and right now is a great time to buy low.

Nov 24, 2008 05:48 AM
Malisia Wilkins Upstate SC
Williamston, SC

In another year we will see another round of homes that have been flipped and will sell for a fantastic profit!

Nov 24, 2008 06:53 AM
Liz Loadholt
Liz Loadholt- AgentOwned Realty- Covering SC - Mount Pleasant, SC
Realtor--Broker-in-charge - Trainer--Relocation Director Covering SC

Janet, Excellent post.  Thanks for sharing with all of us.

Liz

Nov 24, 2008 07:00 AM
Nate Rowe
Oakstone Properties, Homes in Richmond VA - Richmond, VA
Realtor, Homes in Richmond VA

Thanks for the info.  I agree.  Keep it up.

Nate Rowe  Homes in Richmond

Nov 24, 2008 07:10 AM
David M. Childress
Howard Hanna Real Estate Services - Akron, OH
I would love to be your RealtorĀ® in Akron Ohio!

I wish your post was on every front page in the country. If the people only knew, they would not let this opportunity pass.

Nov 24, 2008 07:20 AM
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