Real Estate: Why The Poor Don’t Get Ahead!

The housing market has long been the measuring stick of how well the economy is doing or how badly it is doing. When the economy is good houses are being built, banks are lending money, and people are buying houses. When the economy is bad houses are not being built, banks are not lending money and people are not buying houses.

Start an Internet business setting up blogs and providing blog content. There is a tremendous market right now for blog content as well as for helping people start a blog.

Do you take pictures? You can sell licenses to web masters or individuals to use the photos that you take and you can usually charge a good amount for these as well.

Consider leasing until you buy. This is not a common royal green condo practice but it is something that can be done. The way it works is to lease the property with an option to buy during a set period of time. Negotiate a deal in which the money you’re putting towards the lease each month is considered the down payment on the purchase.

The good news for Sellers is that although the supply of homes is up the actual number of properties for sale and the new properties coming on market for sale is down. This holds true when comparing August to the prior month and when comparing August 2011 to prior years. With fewer over-all properties and fewer new properties there is a greater chance of your property cutting through the clutter and being seen.

Those phone logs have come in handy so many times when I have needed to get back to someone because what I thought was going to happen didn’t and now I needed a new buyer, a new tenant, or maybe other circumstances changed and I could get right back to the people who were interested in what I had to offer or had something to sell that I might be willing to buy. That’s my biggest tip: Create a phone log and keep it by the phone. Keep it in a place that everyone in your office knows where it is, should you be away from your office you can call back someone can get a phone number from that phone log quick and easily for you.

Foremost among all the investment property tips is to imagine that the property that you intend to buy is for renting out, rather than you living there. Remember, a sprawling lawn will not bring you cash flow. Instead, you need to take into account as to what a tenant would want? The house that you want to buy should have the necessary supporting infrastructure to attract tenants.

To the rest of you, manage your time well. You all are given the same amount of time each day. There are some shortcuts and you will learn them as you go and your office will run differently then everyone else’s. That’s the way it should be. It’s your office and it’s your personality. But, do make it as efficient as you can.


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