Years ago watched late-night television infomercial selling course creative real estate investing. recall, author course suggested - - tt cd car dn payment sellers finance everything. split home duplex said. ry lot creative ideas investing, wasn’t cr er ty ideas had. article, then, wt stick true stories - creative techniques actually used.
An investor kw buy run-down houses, fix tm sell profit. looking ws buy add me value home. competitive market my investors looking se properties te creative real estate investing vy seriously fd opportunities.
One project helped wh bi-level home bedrooms. my homes type, lower level unfinished, basement sorts, wh larger windows normally basement. investors passed property wasn’t eh profit cleaning reselling it. friend potential tt lower level.
He chose corner wh window walls built. outlet, ten-by-ten-foot piece carpeting, door completed bedroom. Total cost: $1,500 (this ys ago). te bedroom home. repairs improved landscaping, bedroom ae probably added $10,000 value house. investors time thinking adding bedrooms homes, ty assumed doing $10,000 project. Ty didn’t notice corners basements walls, floor ceiling - mt bedroom.
This investor met match sl house tt pe park car. bought property assumed city approve paving wt little ft yard was. Ty refused. house neighbors fence at feet space. friend tried buy fe feet neighbors property (promising pay cost moving fence well) create space narrow driveway. neighbor refused. home park town illegal park street night tough sell. managed couple thousand dollars ar cleaning house wholesaling investor.
The or investor solution. month lr rode tt actually removed living rm wall moved fr feet. angled roof line. enough, car parked space created below. I’m wt engineering challenges costs this, kw sold home me twice paid. That’s gt example creative real estate investing.
Creativity Ey Step
Many books articles creative real estate investing focus financing. Tt biggest challenge investors, don’t limit yr creativity borrow. examples ae show, creative adding value investments make. fact, look creative alternatives step.
For example, save money selling piece land, skipped using real estate agent favor jt offering terms. price too. closed deal sitting buyers restaurant (not recommended days), save cost closing company.
A friend bought home soon sold half trees (they tastes) lumber company thousand dollars. looked se afterwards. me wonder te we se opportunities buy land, sell resources (another local sold gravel hill land), sell land mh me original purchase price.
To fd properties train kids screen listings online you. help finance deals buy home free equity investment. Offers include services money payment. Property changed increase value (making duplex single-family home makes valuable - vice-versa). Creative real estate investing definitely limited finding financing options.
Copyright Steve Gillman. photo house bought $17,500, learn at Creative Real Estate Investing, free real estate investing course, visit: http://www.HousesUnderFiftyThousand.com
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