Well, it’s not that strict. When I say a formula I am more talking about the information that you need to get across to the investor. But i have found this specific template pretty successful in the past.
There are many people who are going through tough times and want to sell their homes in order to come out of the tight financial position. This throws up an opportunity to you for finding the right real estate invesment.
Share market investments and other business opportunities always pose some threat, as they do not provide you a steady income. On the other hand, in real estate business you have far more stability and security than the rest. The profits that are earned from real estate may although not reap any quick benefits for you but in long term it is the only investment that is going to provide you with stable income.
It was a time when REO’s [REO stands for real Estate Owned] were everywhere. It was the first time I understood short sale. When times are like they are now, it’s a good time to get out and make money. The real estate is there and the prices are good.
Third, you are building equity without doing a thing! Your tenant is essentially paying off your mortgage and every cent he/she puts towards the principle is equity which you can later tap into. Every month, you are building more and more equity so you don’t have to have positive cash flow to benefit from this.
That didn’t make any sense to me–to have competing stores next door to each other. However, when i began really looking at our retail areas, I saw that it was true. Shoe stores tended to flock together. Other types of businesses did, too. Some of that was regional, some was related to our own particular marketplace, but some businesses seemed constant, one of which was shoe stores.
If you have ever dreamed about obtaining financial prosperity, becoming a real estate investor will put you on the runway. You will need a winning attitude and a determined spirit. Setting your sights high is another key to becoming a successful real estate investor. Be confident! Know what you want and go after it! There are lots of investors out there but there are plenty of homes and wealth to go around! Be determined to change your life! Be willing to try something different! Every time you drive past an empty house in your neighborhood, tell yourself that you can own it instead of looking at it. So what are you waiting for, let’s get to work!