Monday, October 02, 2006

Real Estate Investing in a Changing Market

Investing in Real Estate is a different ball game than buying a house in which to live. Real Estate investment is all about leverage, and using “other people’s money”.

As a Realtor in Central Florida, I specialize in making thousands of dollars for my clients, through shrewd Real Estate buys. My most successful Real Estate customer is a pharmacist in the Miami area who bought 10 acres of land for $65,000, and successfully “flipped” it six months later for $175,000.

In my market area, the ‘buy and flip” Real Estate model has been charging ahead like an out-of-control bullet train for the past four years. Now, the train has slowed down. In Real Estate terms, “buy and flip” means that you buy a property and put it back on the market within a short time after the deal has closed. Many Real Estate investors actually get a property under contract and look for a buyer of their own before they close on the original deal! I know one man, also from Miami, who has become a multi-millionaire using this formula, along with taking back owner financing for the people who buy Real Estate from him.

“Buy and Hold” in Real Estate means a longer term investment. You buy a piece of property and hold onto it for a number of years, as a “trust fund” for retirement, college education for your children, etc. If it’s a house, condo, or another type of dwelling, you rent it out while you own it to help pay for the mortgage, taxes, etc.

Wouldn’t it be great to get a piece of this action? What’s holding you back? Of all the great fortunes made in this country, more than 70% were based upon Real Estate.

For more information, please visit:
http://www.ezniche.com/data/article.php?l=167
http://www.successfulrealtor.net

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