Of all the “tricks” I know that can sell a property quickly, I’d say the most powerful tactic of all is to simply price your property right in the first place.
It may sound like an obvious answer – but there is a lot more to this process than just picking the right number. Even when you have a solid, data-driven valuation of your property, you’ve only just begun to determine what your actual asking price should be.
What is Value?
To start with, we need to establish what the word “value” actually means to your buyer. [click to continue…]
What if you were able to buy a $100,000 property for $10,000?
It someone came to you with a $50,000 property and agreed to sell it to you for $3,000, you’d be all over it – wouldn’t you?
What if you could own a substantial piece of real estate FREE AND CLEAR for a total investment of $500? Can you even fathom that kind of buying power?
Suppose you knew exactly where to find an endless supply of these kinds of opportunities, it wouldn’t take you very long to build up a huge (and debt free) real estate portfolio – would it? [click to continue…]
When most new investors start getting their feet wet with land investing, they realize pretty quickly that there is A LOT to learn in the beginning.
When I first got into this business, I was surprised to find that even as a veteran of the banking industry, I suffered from a severe lack of knowledge about how to get started and find success as a land investor. Without some overtly clear & direct guidance – it was very difficult (if not impossible) to do things like:
There is ton of information for any new land investor to learn! So it’s a totally valid question when a new land investor asks me:
“Do I need to buy a course in order to succeed with land investing?”
My honest answer is No – you don’t need a course to start a land investing business. If you’re not afraid of self-teaching (and making lots of mistakes), you can figure out pretty much anything in life.
I think the more important question you should be asking yourself is: [click to continue…]
If your life is anything like mine – you probably know how challenging it can be to build your real estate business while holding down a full-time job.
If you have a family, friends, hobbies and a life - then you probably know it gets even more complicated…
Take ME for example. I’ve got several things on my plate every day:
- I have a full-time job (I work in commercial real estate banking) that usually consumes anywhere from 40 – 60 hours every week.
- I have a wife and daughter – both of whom require (and fully deserve) some pretty substantial slices of my time each day.
- Every week, I put significant time and effort into publishing content for this blog (and a few others).
- I’m an active member of my church, neighborhood and a couple of local economic groups where I try to participate several extracurricular activities each year.
- I have a handful of other hobbies and fun activities that I thoroughly enjoy spending my time on (and without these things, I’d probably lose my sanity).
[click to continue…]
There’s a question I’ve heard from several investors over the past few months. The question is,
“How do I decide which market to invest in?”
It’s a good question – for many reasons.
Especially in an era when “virtual investing” (buying and selling properties without ever seeing them in person) really is a viable thing that anyone can do. With the abundance of property researching tools we have at our disposal (e.g. – Google Earth, AgentPro247, County Records, Virtual Tours, etc.), and especially for investors who are looking for vacant land properties, the sky is the limit.
Factors to Consider
You can buy and sell real estate almost anywhere on earth these days, so how will you decide where to do business? I’ve found that there are a few key factors to keep in mind: [click to continue…]