Leveraging the Right Way
Posted on December 7, 2015 byInvesting in real estate is one of the most advantageous and attractive avenues to use to build a business and ultimately wealth. I would say it has three times the potential of making money than most any other business. Using REIA comps to guide your investment choices protects against the turns made by market forces. I want to share with you some advantages that I believe will be most beneficial for you.
As a rule, there is more stability. Real estate investments are traditionally considered a stable and rich gainer, provided if one takes it seriously and becomes a student of the game. As a rule of thumb, if you have an area where there are plenty of resources available and low stable mortgage rates, you have good reason for investing in that real estate market. On the contrary, if you find a property in a place, which is under high inflation, it may not be a prime location.
With real estate, necessity is the mother of all inventions. Acquiring all the knowledge and skills through experience of selling and purchasing properties requires guidance and consistency. The support REIA comps provides gives you a leg up on property valuation and purchase. Take the time to gain education and hone your craft in order to have a formidable business. Doing market research, using or developing the right real estate strategies can make deals happen for you in the right manner.
Remember, when the time comes to make a bid or purchase a property, your funds must be in order. If the need is there, learning to leverage your deals can be a godsend. The concept of leverage in real estate is not a new one. It implies investing a part of your money and borrowing the rest from other sources, like banks, investment companies, finance companies, or other people’s money (OPM). Using this strategy can help those new to investing to step out and begin to bid on deals. Here is a shameless pitch, we have a training to leverage OPM you can watch for Free at www.WinwithOPM.com
Lastly, use REIA comps to determine the best acquisition and ARV for every deal you look at. Don’t for one moment let anyone tell you the valuation of a deal. Let REIA comps help you make that decision for yourself.