Here are some interesting facts and tips on building wealth through Real Estate. Even in these uncertain economic times, real estate is STILL one of the best investments!
TIP: Utilize a long-term growth strategy
TIP: Buy then sell to make a quick profit
TIP: Hold properties over a long period of time
TIP: Never run out of money! Spend less and save more
There have been more millionaires made through real estate than through any other wealth building medium anywhere in the world. It is based on one simple premise. That premise is the cost of land which appreciates through time. You cannot build more of it because there is a finite amount of it. As the demand for the land increases, so does its value. The world population is growing by leaps and bounds and people need places to live. As cities grow, land gets developed; the infrastructure built around it raises the value of the land a great deal because of its increased utility. The location of plot of land and the building situated on it also increase in value due to the demand.
Can an average person do this? The answer is yes. What do you have to do?
1. You must work to have an income
2. You must keep that income
3. You must put savings program on cruise control, in other words,
make your money, make money
Some choose to utilize a long term growth strategy by buying single family and multi-unit properties, renting them out and letting them appreciate thru time.
Others prefer to buy and sell to make a quick profit and then repeat the process over again. This strategy works on the basis of finding properties below their market value and selling them at market value for a profit. A variation of this is to buy properties and make improvements on the building or land and then sell at a higher value. Or you can hold properties over a long period of time and watch your investment grow!
Please visit my websites at http://www.txrealestateguide.com , http://activerain.com/jenniferdahl, for real estate information about and to search for homes within the Collin/Dallas/Tarrant County Area. Contact me via email, firstname.lastname@example.org , or call me at (817) 235-9382 for more information.
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SOURCE: Sandy Wright - Marketing and advertising executive, graphic designer and the lead singer in the band, Maddy Rose and SoulMix....www.lyricmarketing.com