Spotting a Good Deal
Looking at simply ways of how to recognize a good real estate investment opportunity
Inside the investment community, there is a common saying – “Money is made when you purchase real estate, not when you sell it.” I like this quote as it has a lot of merit.
Let me explain further.
In 2011, I bought a property for $93,750 (with 0$ down for that matter as well) that was appraised at market value for $125,000. If you are good with numbers, you will quickly recognize that that equates to an instant $31,250 in equitable profit! Not bad for a day’s work, is it?
Real estate investors need to recognize opportunities when they see them and be prepared to act in a heartbeat. No delays and no excuses. Investing is systematic and should not be clouded by nerves or unneeded emotion.
Being able to see these opportunities certainly requires a certain level experience in real estate, but with patience and desire, your $31,000 pay day will one day come too!
If you ever have any questions about recognizing real estate opportunities, any at all, please don’t be shy. Give me a call or send me a text or email. I am always willing to chat real estate over a cold beer or strong coffee.