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Joint Ventures In Real Estate
1. Joint Ventures In Real Estate
That is why you need to learn some fundamental bookkeeping. Attend free seminars which will
inform you on the easiest way to invest. It seems like it actually was the number one reason because
of his success.
Owners of dilapidated second homes are being pressured by the economy to sell those properties.
Many of them need cash. Typically, they don't owe a lot on their old, run-down houses. These are
often second homes.
The wealthy only make quick decisions in areas they are experts on. If anyone is trying to pressure
you into making a quick decision and you don't have the experience to know if it's good or not, the
decision should likely be "no".
What is your plan? If you're not sure, figure it out. Go back to your foundation and start doing
something proactive on a daily basis to propel you closer to real estate investing success. Look at
some listings or drive by a few properties you'd like to look at. Get the ball rolling. As you start
moving, you'll feel the fire coming back into your eyes. You'll start getting excited. Ride that wave of
excitement and see how far it can take you.
But to be that catalyst you need some knowledge. There's a lot of money in real estate, but it can
bite you if you get careless. You need specialized knowledge that you can't get at college or simply
from reading a textbook.
You can use this all day long on personal property, also. In 1985 I got an option on a satellite system
for $700. It was worth $1,900. I called up optometrists and left messages with their receptionists
about trading. I made it specific because I only needed one deal. One optometrist called back and we
agreed to trade for $900 worth of glasses and contacts for two people. The optometrist was very
pleased. He also gave me $1,000 cash to balance the value. So, I ended up with $300 cash profit
($1,000 given to me minus the $700 cost) and $900 worth of contacts and glasses - FREE!
Flipping demands buying a home at up to 60% or more of the real market value. It'll create buying
opportunities, just not as many as private contacts. You can tell a lot by simply looking into the eyes
of the workers.