Friday, July 4, 2008

How to learn to be an investor

Many investors learn all there knowledge thru books, tapes, and seminars. I have done all those myself, and learned a lot. The hard part is to start investing. I started in 1985 and made many costly mistakes along the way.
I did not have the benefit of a system or anyone to help me. I could have avoided a lot of grief if I had had a system to follow. I not saying that our system is the end of all, but it does help our investors evade the big mistakes.
Having done hundreds of properties makes me smarter than someone who hasn’t. It’s like anything else, the longer your at it the better you get. For example, when I look at homes that need repair I always steer away from major stuff at first. Roofs, Tear Downs, Siding just to name a few. I go with the light fix ups if the equity is still the same. What is a better deal, $250,000 with $70,000 equity or $32,000 with $50,000? Of course the $32,000 deal is. And you could buy 6 more for what you paid for the other one. The apples for apples comparison is $250,000 gets you $70,0000 equity, but the 7 at $32,000 (7 x $32,000=$224,000) gives you $350,000 equity. Wow that’s A BIG difference!
There are many things an investor needs to know, such as the landlord tenant laws for the area in which the rental property is located. This is very important in order to do business there. Other important topics are; How much should you pay for fix up? How much fix up does the property really need? Should you get an inspection? Does every property need title insurance? As you can see there are many things to know. The devil is in the details!
Rooftopinvestment.com not only locates the investment properties for you, we also teach you how to be an investor. We show you all the in’s and out’s, and plug you into our turn key system! Bottom line, we work hard to make sure you have a great investment experience.
It’s your money. Do what you want. I can only tell you from experience that doing it alone is much harder and way more expensive than doing it with a proven turn key system at Rooftopinvestment.com.
Brett Young- Valley Realty http://www.rooftopprofitmax.com/

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