Most consider real estate a sound long term investment. Real Estate can also be used to create cash flow, either though rental property or quick turn. Quick turn real estate is buying a property low, fixing it up and reselling it at a profit, kind of like trading.
So, if real estate is a sound investment, what keeps people from purchasing either investment real estate or a home? Here are five main fears or objections identified:
1) Property Value Loss – We are all aware of the huge loss in value that many have suffered because of the economic downturn in the last several years. What else affects value and what can you do to prevent taking a BIG hit? Some of the things to avoid:
Neighborhoods that are on the decline
Older homes in areas where there is a lot of new building which is more attractive than the older homes
Direct neighborhoods that have public or unpleasant developments such as prisons, freeways, factories. Better to be a bedroom community away from these industries
Here are some things to look for:
Areas with low-crime
Property that is well kept
Good school districts
I share some great websites in class that can help you easily get this kind of demographic information.
Historically, real estate has… Continue Reading
