real estate investor: What I Look For In a Neighborhood When Buying Investment Real Estate
- 07/21/11 03:23 PM
I often get the question, “What do I look for in a neighborhood?” My answer is always the same. “Easy. Value!” I usually get a strange look, but it's true. In a neighborhood, I am looking for clues to assess the value of the property, plain and simple. Well, maybe not so plain and simple, I know. So let me explain. Normally, my rehab properties are not in the expensive areas of town. It's rare that you'll find a rehabber meeting his or her investment goals buying in the expensive parts of town. There are generally fewer homes needing rehabbing … (0 comments)
real estate investor: Pump Up The Value Of Your Real Estate Investment!!
- 03/17/10 10:28 AM
There are two legal ways to increase your wealth. 1. Keep more of what you have (e.g., tax strategies, rehab efficiencies, cost savings) 2. Add value to something (e.g., a real estate investment, stocks, bonds) Let's focus on adding value to your rehab investments. The most obvious is certainly bring it back up to standards. We HAVE to do the obvious things such as: - Ensure there are no plumbing leaks and the entire plumbing system is in good working order, including potable water and sewage/septic and water heater. - Ensure the electrical system is safe and working. … (3 comments)
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