These people have ready sources of cash and form a valuable addition to your buyers list. Once you email your deals to your buyers list, chances are you will find a buyer quickly.
However, even though you may not be able to achieve such a huge task everyone can do something, and just starting to invest in property could help your finances a great deal.
Another important criteria which needs to be considered are the price and the location of the property. Irrespective of how good the property looks from the outside, one cannot ignore the location factor. It should be decently proximal to the public transport, schools, shops, hospital and so on. These are factors which will play an important role when you actually come and start residing in the property.
You should always know your current financial state and cashflow position before you make an investment decision. Keep your personal Balance Sheet and Cashflow Statements up to date. Businesses always know their current financial position. you should too. property investing is a business.
So even though you may not be able to achieve to goal of purchasing 130 properties in 3.5 years (that is one property every 9-10 days) it is very likely that you can start by purchasing one positive cash flow property with the goal of owning 13 properties in 35 years.
There are likewise those who make up one’s mind to get partners as they turn out to be well established. This requires long and careful pondering. In the event you do want a partner, you should select 1 who can lead things that you do not have. Restrict it to one deal at the beginning and if you see any benefit, you can carry on the partnership.
However, if history is any guide, the people who made the most money with real estate in the past were the ones who invested when the market was down.
On the other hand – this is what people consider a buyer’s market. The prices of homes are more affordable than than they were a year ago. Interest rates have fallen, and because less people are buying there are more homes to choose from. The concern is that it will take too long for the market to see an up-swing; and that real estate investors will lose money while they wait for the market to head back uphill.