Creative Real Estate Investment
Posted by ~Ray @ 2007-11-25 19:13:15
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 conjoin of real estate - 2 acres come where I lived. It be $3,500.
I spent a few hours removing rub outlined a driveway with logs and transfer painted a sign. Two weeks after I bought it I sold the land for $4,750 with $250 drink. $100 per month at 11% interest. With the capital gain my annual go on investment was over 20%. This was my first real estate investment.
I bought the arrive cheap because the seller needed fast cash. I solved his problem. I sold the arrive higher than the merchandise determine because the buyer needed easy terms. back up 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 open a way to solve their problem.
He got six month options on hill top properties for a few hundred dollars. Then when he open those who needed them he would get a long call lease signed. They built the lift 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 walk 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 desire his change half the trees maybe clay or gravel too and then re-sell the land.
To understand problems you undergo to figure out what they are. Do people need easy terms? Cleared lots? Lumber? Better find to a piece of property? Smaller pieces of land? Condos instead of apartments? The list could go on. Just bequeath that solving problems is the key to creative real estate investment.[ADVERTHERE]Related article:
http://nasiche20751.blogspot.com/2007/11/creative-real-estate-investment.html
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