| Real Estate is a multi-faceted investment arena - | | | | built, sometime in the future.Moving a house is |
| there are MANY different methods to earn money | | | | another opportunity - houses that are structurally |
| from different niches in real estate. One or several | | | | fine, but about to be replaced by a new building, can |
| may work for YOU!Here's the typical experience: | | | | be moved to an empty lot, possibly have a |
| "buy your own residence and sell it when its all paid | | | | basement added to improve the value, and resold. |
| off and you want to retire, oh my gosh look at all | | | | Often houses to be moved cost $10,000 or less, but |
| the money its worth".If THAT worked well for so | | | | there are substantial moving costs to watch out |
| many people, imagine the effect on your finances of | | | | for.Foreclosures are a great opportunity to either |
| having another property, rented out, or several!Some | | | | make as much as 15-18% interest on your money, or |
| people get into "flipping" properties, finding an | | | | purchase a house for merely the amount of back |
| undervalued good deal and selling it at or close to its | | | | taxes. This can be a bargain, but involves a lot of |
| "real" value.Others buy a run down property, and put | | | | time researching properties to avoid getting the deed |
| work (and money) into renovating the property, | | | | on a trashed house, or a piece of swampland!Short |
| expecting to be paid well for their efforts - especially | | | | Sales are purchasing foreclosed homes directly from |
| if you concentrate on the changes that drastically | | | | the bank, which wants to be in the banking business, |
| improve the look and value of the property.There | | | | not the owning homes business. There are some |
| are a group of people re-zoning properties, looking to | | | | hard negotiating sessions to get a great deal, but it is |
| take a larger parcel and subdivide it into smaller, more | | | | more certain than the foreclosure process, where |
| valuable properties. This can involve a LOT of time | | | | homeowners can often redeem the properties after |
| working (begging!) city hall to approve your plans.The | | | | a period of time, just paying you interest on your |
| principle of highest value useage of a property means | | | | money.On top of these areas, there are huge |
| that if you improve the use to a more valuable | | | | opportunities in apartments and revenue properties, in |
| useage, you increase the value. One example of this | | | | shopping centers and malls, in "build to suit" |
| would be taking a warehouse and converting it into | | | | commercial offerings, and in buy and hold land |
| lofts, or office spaces for that | | | | purchases.There are pros and cons to all of these, |
| matter.Pre-construction purchases, or options on | | | | but there are obviously MANY more opportunities |
| future availability of a property are time honored | | | | than just buying your home and hoping to pay it off |
| methods for the builders to get construction financing | | | | - keep an eye out for some of these different |
| - they NEED pre-sales - and for you to profit from | | | | areas, and look for an opportunity that could work |
| the future value of the property once it is actually | | | | for YOU! |