Making You Wealthy And Heathy

I've said it before and I'll say it again, vacant land is one of the most overlooked and misunderstood real estate investments in the world. Whenever I tell people I specialize in buying and selling LAND, I get a lot of blank stares. There seems to be a widespread (and erroneous) assumption that vacant land is a “weak” or even pointless investment because Ø   It doesn't produce income. Ø   It just sits there and nothing happens Ø   It's flat out boring. It's an unfortunate misconception because the truth is – vacant land is capable of producing some serious cash flow and it's one of the best investments on earth because of its hands-off nature and versatility. The simplicity and stability that comes with owning the right piece of land, purchased at the right price, can far outweigh the myriad of problems that come with any other type of real estate. If you've overlooked raw land as a viable investment opportunity in the past, you need t...

When it comes to land acquisition – one of the most important factors in getting this number reasonably accurate is to understand the “highest and best use” for a property. The question of a property's highest and best use is something all appraisers aim to address – and the issue is particularly relevant to appraisers and investors who are working with vacant land. When a vacant lot doesn't have any pre-existing improvements on it, there can be many potential uses for the property (depending on how the owner wants to use it, and what the local zoning regulations will allow), but even when there are several possibilities, there is only ONE highest and best use. Highest and best use is always the use that would produce the highest value for a property, regardless of its current use. The reasonably probable and legal use of vacant land or an improved property that is physically possible, appropriately supported, financially feasible, and that results in the h...

I’ve learned some lessons that, had I incorporated them from day one, would have propelled me at least twice as far in my real estate investing business — and with greater ease, too. As an aspiring real estate investor, you may feel lacking in knowledge about building a successful business. It might seem like the days of managing employees, having a constant flow of deals and leads or even just having enough money to invest with are too far off to see. But every successful real estate investor was once where you are. The following lessons about maintaining effective business strategies, getting the most out of your deals, building a team, maintaining good relations with your money partners and much more that I wish I had known from day one. 1. Find the deal before anything else. Many people will teach you how to do deals, but very few people will teach you how to find deals. Finding deals should be the primary function of your business. It’s really what all of real ...

It is often said, “A journey of a thousand miles begins with a single step” John Maxwell said, “Success is a journey” When you combine the two great quotes: The success journey begins with a first step. This first step is what most people are afraid of taking because this step is what separates abundance from failure. I know you would say it sounds cliché, but it is the truth. No one said the road would be smooth all the way. I write this because it was something I learnt over the years and it was not a smooth road for me then, I almost gave up. As a sales professional, you should understand that there are two kinds of pain in real estate:  The pain of discipline and the pain of regret. The pain of discipline involves lead generation, lead follow up and prospecting which actually seems really difficult for most of us, but when you try and take that step to actually follow up on the leads you generate, you definitely will get results. YES, you may experience potentia...

There are endless reasons to use a Realtor when buying or selling property, and I will touch base on a few. Each property is different - each property has advantages and each property has deficiencies. The selling of real estate can have many pitfalls to the unfamiliar person trying to do it themselves. It's encouraged to use a pro. A Realtor's background and training can help guide you through the twists and turns of the process. Using a Realtor with up-to-date experience offers many benefits that can help guide you through the complex rules, laws, costs, who is responsible for what , inspections, knowing the local markets, negotiating skills, advertising and deadlines. Our local market over the last two years has seen an increase in residential sales by almost 40 percent. That is significant compared to what has been reported around the country. If you choose to call a real estate professional, ask for a recommendation from a family or friend. Depending on your ne...

As I was thinking about different games I played with my family when I was a kid, I thought specifically about Monopoly. It’s funny, but I think that this old favorite board game can teach us a lot of lessons about investing in real estate, and especially about house flipping. INVEST EVERYTHING YOU CAN Want to win at a game of Monopoly? Buy all of the properties you can afford! That’s really true for real estate investing, too. If you fix and flip one property at a time, you can make decent money. But if you have multiple flips going on simultaneously, you can continuously bring in cash so that you can afford even more investments, with or without help from a hard money lender or investing partner. YOU HAVE A LOT OF OPTIONS TO WIN What’s your Monopoly strategy? Do you buy up the properties that people are most likely to land on when they get out of jail? Or do you go straight for Boardwalk or Park Place to get the highest rent? There’s no single way to win at Monopoly,...

We’ve analysed hundreds of off-plan property deals and come up with a list of the most important questions that first-time investors neglect to ask. Here are the seven key questions that you should ask when buying a property off-plan, and throughout the process of building your property portfolio. 1.      How much are the reservation fee and deposit? The reservation fee is the amount you pay to reserve your new build. This is between £500 and £2,000. The next payment you’ll make is the deposit: usually around 10% of the final price. 2.      How secure is my deposit? Your deposit will be paid to the developer's solicitor or a mandated authority, but they should hold it in a separate client account. Depending on the contract for sales and purchase the deposit may be releasable or be held with the solicitor. Generally, only the first 10% of the deposit is protected by schemes  It helps to protect you should anything go wron...