|
Author: Steven Gillman Article source: http://www.mortgagerefinancingblog.com/. Used with author's permission.
An example of creative real estate investment? When I was young, I had a job that paid $3.40 an hour, and I somehow saved enough to buy my first piece of real estate - 2 acres near where I lived. It cost $3,500.
I spent a few hours removing brush, outlined a driveway with logs, and hand painted a sign. Two weeks after I bought it I sold the land for $4,750, with $250 down, $100 per month, at 11% interest. With the capital gain, my annual return on investment was over 20%. This was my first real estate investment.
Creative Real Estate Investment - The Key
I bought the land cheap, because the seller needed fast cash. I solved his problem. I sold the land higher than the market value because the buyer needed easy terms. Second problem solved. Solving problems is the key to creative real estate investment.
Cell phone companies, radio stations, police departments and others need hill tops for their towers. The problem is that they can't tie up their capital buying them. One creative investor found a way to solve their problem.
He got six month options on hill top properties for a few hundred dollars. Then, when he found those who needed them, he would get a long term lease signed. They built the tower themselves, of course. With a lease in hand, it was easy to get financing to exercise the option and buy the properties. He invested a few hundred dollars to create years of income.
Trees are needed by lumber mills. A friend of mine solved this problem by letting a company cut half the trees on his small property. They paid $4,500, and I couldn't see the difference when they were done. The property was worth as much the day after the cut as the day before. My friend lived there, but a creative investor could buy property like his, sell half the trees, maybe clay or gravel too, and then re-sell the land.
To solve problems, you have to figure out what they are. Do people need easy terms? Cleared lots? Lumber? Better access to a piece of property? Smaller pieces of land? Condos instead of apartments? The list could go on. Just remember that solving problems is the key to creative real estate investment. Steve Gillman has invested in real estate for years. To learn more, go get your real estate investing course free at: http://www.MakeThatOffer.com
New Years Resolutions: Is Improving Your Website One of Them?
While you're resolving to get fit, quit smoking and pay off some debts, we're offering up some New Year's resolutions for your business. Learn how to ethically ...
Reasons Why You Should Have A Weblogger Installed On Your Web Site
I don't know about you, but when I built my first web site three years back I don't know anything about the webloggers. One day when I checking the features of ...
Workplace Stress: What to Do During Down Times?
The main problem in a down economy is that workplaces tend to become stressful and morale bottoms out. This reduces overall productivity and especially gets in ...
Feeling Tired? Cant Lose Weight? Tap Into Protein Power!
Exectutives rushing through the day not stopping for lunch? Moms running after small children and surviving on toddler left overs? Women skipping breakfast and ...
Perseverance - Your Key To Success
"Persistent determination is the ultimate key to achieve success in life"
Critical Options Investing Tip When Trading Naked Calls and Puts
An option is a derivative trading product that is best used by investors as a hedging tool providing investing profit protection and profit enhancement. Althoug...
For All Walks of Life
Why Walking Could Be the Solution to Your Fitness Dilemma.
Keep Your Cool With Hot Bridal Accessories
So many brides I meet and speak with each day are frustrated, some even freaking out as their wedding day draws near. Sound familiar? Here's what's usually goin...
Biblically Speaking of Evil and National Security
We have been learning to think Biblically and speak Scripturally about evil in order to teach our children about the dangers present in our fallen world, while ...
Online Promotion: 10 Ways To Use Focus Groups To Ignite Your Profits
A focus group is a group of employees or current
customers that discuss and brainstorm new ways
to improve different parts of your business.
Spyware, This Time Its Personal!
First the basic definition of Spyware: It is a type of software which is installed onto your computer without your permission...
Are You Working Towards Success?
Are you working towards success or failure? Failing to plan can mean planning to fail, so read on.
The Story of Joshua and Caleb
The story of Joshua and Caleb is one of the most powerful and dramatic stories in the entire Bible. There are major lessons in this story for all Christians to ...
Abdominal Obesity: The Weight You Put on Depends on Your Body Type!
Many people gain weight around the belly. and for most of us it is quite embarrassing. This takes away the charm of wearing clothes. This Abdominal fat is very ...
Craps
There is no longer a need to fly all the way out to Las Vegas or Atlantic City to play craps. In fact, you can play your favorite casino games, including craps...
What Should You Look for in a New Camera?
If you are embarking on a hobby or even a professional career in photography, you have a multitude of models and features to choose from. Instead of getting lo...
Rasputin
No mere fakir was this man who was trained by monks who must have learned from the shaman 'smiths' of the likes of Genghis Khan.
Are You Ready to Handle an Indigo Child?
So what's new in the world of spirituality and the new age these days? What's the new talk we keep hearing all about? The talk about the indigo Children is gea...
Going Offshore For Asset Protection
Ideally the primary asset protection advantages of running a business from an international position result in increased profits and security. This article exam...
Managers, Have You Been Shortchanged?
You have been if you're a business, non-profit or association manager whose public relations budget is focused largely on nifty brochures, column mentions and b...
So What Is A Limiting Belief?
Are you confusing a limiting belief with reality? How a few quick questions can successfully challenge the unacknowledged beliefs that are holding you back.
Asking the RIGHT Questions
You likely know that you should listen to the other person in a networking situation. Did you know that you should also ask questions to dig deeper into the oth...
Calcium and Women: For More Than Just Bones
Calcium is important for everyone - but especially women. Learn where in your diet
to look for this important mineral and much to strive for.
Good News for the Musically Untalented
Explains what "talent" is and isn't and offers a solution to becoming musically creative.
|
Print this page