I have reviewed several “how to” programs in the real estate game. And every single one of them seemed to offer some secret that will catapult me into the real estate hall of fame.
But what I have found are several simple truths that anyone with a little common sense or someone who has purchased a house before should already know.
REAL ESTATE “SECRETS”
1. You purchase a property for less than what you can sell it for.
2. You sell a property for more than what you paid for it.
3. When you use other individuals or companies for any kind of work, you cut into your profits.
4. Only “hot” or “booming” locations will give you the results you want. (Location, location, etc…)
5. You either FLIP or Rent properties you purchase. This is how you generate cash. (Flipping is my fave!)
That’s it, ladies and gentlemen! Based on my conversations with my RE Agents and Brokers, (who will not be revealed at this time at their request) I am terribly over simplifying the RE game. I do know that. But, come on; If I do these things, I can make millions, right? They could not disagree.
My Mom always said I have a knack for making things simple…
-The Flipster
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[...] this time of correction, we may have to change our strategy a little. As outlined in our previous discussion, one of the ways we make money in the real estate business is to buy at one price point and sell [...]