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