the real estate investing hour

With a job that pays $ 3.40 per hour, I saved $ 5,000. $ 3,500 used to buy my first piece of real estate – 2 acres near where I lived. As you can guess, this was very years ago.

A few hours removing brush, and was ready to sell. I hand painted a sign and two weeks later, sold the land to $ 4,750, with $ 250 down, $ 100 per month, in 11% interest. With the capital gain, my annual statement investment was over 20%. Not bad for my first investment in real estate.

Creative Problem Solving means investing

I bought the land a little under the market because the seller needed fast cash. First problem solved. I sold the land a little more than market value because buyers need favorable conditions. Second problem solved. Creative real estate investment is to solve problems.

Radio stations and others need the tops of the towers, but can not tie up their capital. An investor has creative options on the hill top properties for a few hundred dollars at then found that those who needed them, and signed contracts for long term lease. With the leases in hand, was easy to get the financing to purchase the properties. He invested a few hundred dollars to create years of income.

Mills need trees. A friend helped solve this problem by allowing a company to reduce the trees in his small property. He was paid $ 4,500, and you know what? I could not see the difference when they left. The property is residential, and worth as much the day after the court as the previous day. I lived there, but an investor could buy creative property as his, sell half the trees, maybe clay or gravel too, and then re-sell the land.

What do people need? Terms Easy? Cleared lots? Wood? Better access to a piece of property? Smaller pieces of land? Apartments instead of apartments? The list goes on. When you think of creating investment real estate, that the resolution of problems.

Steve Gillman has invested real estate for years. To learn more, and to see a photo of a beautiful house he and his wife bought for $17,500, visit http://www.HousesUnderFiftyThousand.com

Part 1 – Virtual Assistants & Real Estate Investing