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Well here is a strategy that will work no matter what your credit is like however it will take some money. This will not work on every foreclosure but it is something to keep in mind. Let's say you find some one behind on their payments and getting close to foreclosure or in foreclosure. Then you.... For the rest of this blog click on www.PrimaryTexas.com/REIBlog
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I have been in the Real Estate business for over 20 years. I have had countless conversations and looked over lots of plans and I know the number one reason people fail in Real Estate investing. It is because they never start. I am not Donald Trump but I have made money in Real Estate in several different ways. For me some were better and some were worse. Look I am not telling you to just go out there and buy the first house you drive by for full price. What I am saying is you should write down a plan for investing in Real Estate and get started. The old saying holds true "Plan your work and work your Plan" then run your plan by people who's advice you trust and understand that you are asking for people to point out problems so don't let them discourage you just plan to deal with the issues they bring up. For instance what will you do if it burns down? Add buying insurance to your plan. I know this is a simple example but the exercise is the same. Donald Trump in his first book said "protect the downside and the upside will take care of itself" that is very true. Just ask your self if the worst happened could I deal with it? If the answer is yes then do the deal if it is no then change the deal or find another deal. The point of this post is stop talking about making money in Real Estate and take action. IF you would like to check out my website just goto www.primarytexas.com
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What do you think about this real estate market? I live in Gatesville Texas and work the Waco and Temple areas. I have not seen a decline in home selling or home buying. Business is good in the Heart of Texas. But the media, scares me almost everyday. So I cut the TV off and remember this scripture. "Be Still and Know that I Am God." Psalm 46:10. I remind myself that God is in control and as long as I keep my focus on doing good, and loving Him, He will take care of me. What helps you get up and keep going?
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According to the Real Estate Center at Texas A&M University, here is how the month of August 08 broke down in 3 key areas:
So in a nutshell, sales are up due to reduced pricing. And we are still clearly in a buyer's market.
Sellers: Don't be afraid to list your home for sale; just don't expect miracles with overpricing. Make sure your home is in the best condition possible and shows well. Make yours the best listing available.
Buyers: if you are thinking of buying, why wait? Prices and interest rates are good. What more could you ask for.
TO VIEW THE ACTUAL REPORTS BY THE REAL ESTATE CENTER PLEASE CLICK HERE FOR WACO STATS.
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Wendy Montoya, Realtor® Certified Internet e-PRO Professional Seller Representative Specialist (SRS) Waco Real Estate Needs? Call WENDY!
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525 N 4 3rd Waco, TX 76710 Cellular: 254-315-4906 |
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