#1 Thing You Need to KNOW

#1 Thing You Need to KNOW

is property Values in your area. IF you lived there a long time, you know the area and have seen the changes taking place. If you haven't lived there long,go to open houses and look at what selling/how much/ in your area. Look at for sale ads at prices /areas and rent rates.

How may times did you say to yourself, "I saw that property and could have got it for a good price" or it sold for XXX amount and you know they made alot of cash....and THEN you see it has turned into a car dealership or resturant or whatever and someone took ACTION and is making the money YOU could have made!!

You MUST take action after you learn the VALUES of properties and see deals.

Know what used to be a fairly nice area has changed- it happens all the time and its something you need to be aware of. Learn the RENT rates in your town.

ONCE you learn this you will be able to find the REAL DEALS that most other investors miss.

Your best areas of housing is the most affordable, because they have a LARGER group of buyers.

Learn repair cost and how to add that cost into your overall expenses(along with all other holding/closing cost and add 10% more for overages) to REALLY know how much you can make or not.

Most of all, YOU are supposed to be a 'problem solver' and take the time to listen and understand peoples problems so that you can SOLVE them and help people without being RUTHLESS and GREEDY.

If you dont know VALUES, you will NOT know a deal when you see one. You have to know what the house will sell for.

Pick an area of REI, foreclosures,wholesale,buy/hold, REO's, storage units,car washes, billboards, mobilehomes what ever EXCITES you and learn all you can about it and you can change you LIFE.

Learn HOW to STRUCTURE deals and be creative to Make it work

DONT try to learn EVERYTHING about REI, you never will. NOBODY know everything about REI.

Dean has set your path to success in front of you,just follow the path!!

Stick with the DG Family here and we will help you through it.

DON'T let YOU stop YOU.

__________________

Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools


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__________________

Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools


bump

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__________________

Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools


bump

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__________________

Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools


Mike's Blog

Thanks very good and sound advice

__________________

Sharlee I Bong


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__________________

Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools


bump

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__________________

Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools


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