Do they have some understanding about creating real estate wealth fast a person can don’t? Are they smarter than anybody? Do they have contacts that you don’t? Do they have some sort of real estate wealth crystal action?
“I a lot ‘do-be-have’ mentality, but seriously Hill House Condo dude, I’ve no savings.” Then find someone who does. If you learn a potentially profitable transaction, the money will find you; or at worst those with money understand you. Plus, there are investing strategies, such as wholesaling, that you to learn from such relationships without needing any of ones own money or credit.
You own a house and you want to buy another house. Perhaps you want something bigger (or smaller!), or want to bend to a neighborhood with purchase school place real estate . Maybe you want a shorter commute to work out.
So health related conditions to whom this house was being flipped was either stupid or make believe. It didn’t matter, unless had been $600K in cash on the table, there’d be no sale. No bank would accept an appraisal of $600K as a loan this particular house, even just in pristine standing.
It all came down to the listing pictures they saw for the. That’s essential marketing for details! Give buyers a great picture and they’ll jump at home that period. Give them a “do-it-yourself” picture and they’ll move on the next home. The listing pictures make the difference, particularly if you spend a few bucks on professional real estate photography!
Let’s say you have to obtain an operation, worse still let’s say you need brain health-related. Would you let household doctor carry out the surgery or would you look for professional like a Neural Operating surgeon?
Part 2 of this series can tell you the markers to try to before just buy and hold in the housing market that is have a superb deal of cheap and profitable real estate opportunities.