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Tips for Investors
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How do I locate the right property?
Before you rush out and buy a property because it "looks nice" or can be
you bought without a down payment, need to know more about the property,
the location, current market condition, income and expenses etc.
Tip: Prepare a checklist of questions you need to ask sellers and
another one of what to look for when visiting a potential investment
property.
How do I determine if the property makes
financial sense?
Tip #1: Prepare a property analysis based on the simple eight step formula
shown on our home page.
Tip #2: Using the eight step formula, it will be virtually impossible to
make a bad investment decision.
Never buy a property without first financially analyzing it. Even if you just fill in numbers on the simple 8 step process, you will know right away if the property makes financial sense.
Tip #3: Once you get the numbers filled in, divide the bottom line number
(Cash Flow) by your down payment. This will tell you the percentage of return
you can expect on this property.
(Example: A property shows a "cash flow" of $5,000 a year. If your
cash investment is $55,000 here is the return you can expect:
$5,000 /$55,000 = 9.1% return on your investment).
How soon should I expect to pay off the mortgage?
Tip: NEVER pay off the mortgage. One major key to building wealth in real
estate is in using "other people's money" (mortgages) to own a large dollar
amount of real estate with very little of your own money.
How do I negotiate the best deal for myself?
Use the two basic rules of purchasing property to give you the advantage:
1. Never offer full price. You'll learn amazing ways of getting the best price.
or other concessions from a seller).
2. Never make a verbal offer. Learn how you can gain unbelievable
negotiating power. You have virtually no bargaining power with a verbal offer.
Alright, what do I do once I own the property?
You'll want to learn how to handle your new investment. If you are a
first time investor, the thought may be frightening. It is not a frightening
experience if you learn how before you invest..
One key to success is to learn how to find, qualify and lease space
to tenants...and have everything work in your favor.
(Leases usually protect tenants more than the landlord. We'll show
you how to make them work in your favor).
You’ll discover unbelievable ways of filling vacant units, if you have any.
Tip: If you never have a vacancy, your rents are too low
and you are losing money!
Learn how to manage your property to create the maximum profit
with the least problems.
Tip: Never offer a lease term in excess of one year without
including, at least, a cost of living increase in it.
I'm currently leasing my office space. Is that wise?
Definitely NOT!. You can reap tremendous financial benefits by leasing your
professional office space from yourself. Tax write offs alone are fantastic.
Tip: If you presently lease office space, what you will learn can save you tens
of thousands of dollars.
How can I learn all of that? It sounds so complicated.
There is an easy way to learn everything you need to know to be
successful in real estate investing...and learn it quickly, easily and
in terms anyone can understand and use immediately.
You will be led step by step through the entire investment process.
If you are already a professional real estate investor, you'll pick up a
wealth of techniques you probably never thought of to make your
investment program even more profitable. The home study course is:
"Real Estate Investments And How To Make Them"
Your complete guide to profitable, intelligent real estate investing.
This outstanding course has been proven by tens of thousands of
investors. (Over a quarter of a million copies of the book have been sold).
And, you don't have to decide now! You have one full year to try it out for yourself... risk FREE.
If, within that year, you can honestly say, "It doesn't work", just send the
program back for a 100%, no questions asked refund. Fair enough?
You can't lose!! |
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| Texas Licensed Real Estate Broker |
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Give Us A Call: 800-278-7335
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Wylie
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