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CREATING A MILLION DOLLAR INVESTMENT COMPANY

 
There are five key concepts everyone interested in being a successful real estate investor should remember and follow:
1) You make or lose your profits in real estate the moment you sign on the dotted line.  The purchase price you pay is the key to whether you win or lose on any real estate deal.

2) You must have an exit strategy for every property you purchase - that is, ask yourself: “If I had to sell the property tomorrow, could I sell it at a profit?" Short sellers make their money off the majority of people who buy a property at the wrong price and find themselves facing foreclosure when they can't cover their expenses and meet the mortgage payments.

3) Properly structuring your real estate investment activities is the key to maximizing gains and

 minimizing losses and exposure to liability. If you're still buying property as an individual and not through the proper corporate structures, you're putting yourself and your investments at needless risk.

4) No one ever went broke making a profit. The name of the game in real estate is earning a profit. If you buy a property for $5,000 and sell it for $10,000, that's a 100% profit. If you do that 20 times, you'll have $100,000 cash profit in your pocket. (See concept #1 above).

5) Organizing and using a network of professional advisors and experts doesn't cost you anything - because the profits their knowledge and expertise bring you are usually five times whatever fees you pay them.

 

Remember, a dream without a plan is just a fantasy(tm). Till next time…

Pierre A. Clark
Real Estate Investor
Business Development/Financing Consultant
Urban Info LLC
1-773-640-9657
e-mail: investsuccess@sbcglobal.net

 

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