##Attn Ezine editors/Site owners##
Feel free to reprint this article in its entirety in your
ezine or on your site so long as you leave all links in
place, do not modify the content and include our resource
box as listed above.
If you do use the material please send us a note so we can
take a look. Thanks.
Statistics show that nearly 95% of our fellow citizens
will retire at or below the poverty line by the age of 65.
These people will be dependant on friends, family and the
Federal Government for financial support.
If ours is the land of opportunity, why does this
startling reality exist? The answer can be traced back to
our upbringing.
From our early years we are taught that the correct path
in life is to go to school, get good grades, and get a
“secure” j.o.b (Just Over Broke) with benefits. Sound
familiar?
And let’s face it folks, you won’t ever get rich working
for someone else! With “Job Security” a thing of the past,
thousands of people are looking for alternative ways to
make money.
Real estate investment continues to be one of the largest
wealth creation tools in America. It remains one of the
fastest and proven ways to amass a fortune, and more
importantly, once you understand the basics, almost anyone
can do it.
Incredible profits can and are being made by purchasing
run down homes and improving their value with a quick
makeover. The strategy is quite simple: Buy a run down
home below market value (wholesale), fix it up, and sell it
for full retail price.
Newcomers to this field are advised to devote considerable
time to research and study. Before you test the waters,
there are four factors that you should consider:
1. You must know something about remodelling and get an
idea of how much it will cost to get the house back into
shape. Consider what you will be able to do yourself and
what it will cost if you have to have it done.
2. The location and design of the home are two of the most
important factors to consider. Study the neighborhood,
shopping and transportation facilities.
3. You make your profit when you buy. Therefore, you must
learn how to calculate your ideal purchase price.
4. You should always finance the project in the most
inexpensive way and use very little if any of your own
money.
Why is it a smarter way to invest? Traditional buy and
hold is too slow for my liking. Buying a home and relying
on the market to go up is one of the riskiest ways of
investing that I know of. I call it the buy and hope
strategy!
I prefer a method that will give me my profits up front,
and any increase in value from market forces should be seen
as a bonus.
Still not convinced? Well, here are another four powerful
reasons why:
1. Fast track your capital growth: The biggest advantage
of the buy, fix-up and hold strategy is that you can make
instant capital gains of 10 to 30 per cent over and above
any gains made from market forces.
2. Make $100,000 plus per annum: If your objective is to
buy, fix-up and sell, then a six-figure income is not out
of the question. The equation is quite simple really: Five
properties flipped at a $20,000 profit each equals $100,000!
3. Sack your boss: Depending on your financial
circumstances, you may be in a position to generate enough
income and stop working full time.
4. Get a life: You have probably heard the saying that the
day you find a job that you love doing, is the day you stop
work. If, like me, you enjoy rolling up your sleeves and
getting your hands dirty, then this may be the greatest
career move that you make.
As you can see, fixing up old homes does have its
advantages over traditional strategies. Sure it may take
more work, and things don’t always go to plan. But as
anyone who is wealthy will tell you, their level of success
has a direct relationship with the effort they put in.
Feel free to substitute your affiliate link in place of
our link in the resource box.
Earn 50% on every purchase you refer.
Affiliate details are available here:
http://www.fastfixerupperprofits.com/affiliates.htm
About the author: Sal Vannutini is a successful real estate investor and author of the best selling “Fixer-Upper Fortunes”. Free e-book and 6 Part mini-course reveals how to make a fortune in real estate. Visit: http://www.fastfixerupperprofits.com