Real Estate Investment - A Simple Formula
by: Steve Gillman
I saw the ads in our small-town newspaper for years before I realized exactly what was going on. They were always the same: A house for sale with 5% down and payments of 1% of the purchase price. It might be a three bedroom home for $90,000, for example, with $4,500 down and $900 per month payments.
A friend started doing the same thing and explained the process to me. It was a way to get a great return on capital. It was the opposite of buying with no money down. You bought for cash.
A Real Estate Investment Formula
It is simple, really. When you buy for cash, you often get a much better price. A house that needs a little work might be worth $75,000, for example. By offering $65,000 cash, you negotiate your way to a $68,000 purchase price. If not, you walk away - there are always others.
Then you put few thousand into high-return repairs and improvements. Paint, carpet, and maybe asphalt for the dirt driveway. For our example, we'll say you put $5,000 into it.
Now it's worth $85,000 perhaps, but you target those buyers who can't get financing easily, and you finance it yourself. By making it easy for the buyer, you can get $90,000 for the home - and do it without a realtor's commission. Whatever the sales price, you let the buyer put 5% down, and make monthly payments of 1% of the purchase price. Of course, you get higher than market interest too.
The buyer is thrilled that they can buy instead of renting, and you get a capital gain of perhaps $14,000 after expenses, plus good interest. Your total rate of return is somewhere over 25%!
The first to do this consistently in our town were a father and son. They were both lawyers, and saved money by doing their own foreclosures when necessary. After forclosing, they just raised the price and sold it all over again, of course. By the way, if you can get an average return of 18% on your money, you'll turn $75,000 into more than one million dollars in about fifteen years.
About The Author
Steve Gillman has invested in real estate for years. To learn more, and to see a photo of a beautiful house he and his wife bought for $17,500, visit http://www.HousesUnderFiftyThousand.com.
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Camping In A RV For Fun And Pleasure
Camping In A RV For Fun And Pleasure
by: Sintilia Miecevole
Camping for most people means a tent and sleeping on a mat on the ground. If that doesn't really appeal to you, then camping in an RV is what you need. It is the ultimate camping adventure.
RV's come in many sizes and shapes. They start with campers that fit in the back of a pickup truck. These can have full kitchens, beds, a shower and toilet in them.
Next there are van conversions called Class B motorhomes that are basically a cargo van converted into a camping vehicle. These can have a raised roof for more head room. They also contain the same amenities as the truck camper.
Next up is the Class C motorhome. The front end looks like a pickup truck, but the similarity ends there. There is a sleeper extension over the cab and the back end looks like any motorhome you are probably familiar with. Basically a cargo box with windows, but much prettier. The Class C has all...
Camping In A RV For Fun And Pleasure
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Unlocking Your Dungeon: How to Finish a Basement Without Finishing off Your Checkbook
Unlocking Your Dungeon: How to Finish a Basement Without Finishing off Your Checkbook
by: Donald Lee
One thousand square feet, fifteen hundred square feet, three thousand square feet?however big your home is, you know it could always be a little bit bigger. Whether you?re in the throes of parenthood and trying to find spaces to stash your kid?s toys, or you?re starting a home business, you could probably use an extra room or two. One way to get more space is to buy a whole new house. For those of us in the real world, though, a far more economical and practical solution is to finish the basement.
Yes, that creepy, crawly dungeon can be turned into a playroom for your children, a home office for your bustling new business, or an entertainment room for the weekend?s big game. You?ll just need to cover over the cold concrete floors and the gray foundation walls. Then there?s the pipes hanging from the ceiling that you?ll want to hide, and the washer,...
Unlocking Your Dungeon: How to Finish a Basement Without Finishing off Your Checkbook
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Montecito Real Estate from here to there?.
Montecito Real Estate from here to there?.
by: Gary Woods
So, where is Montecito Real Estate??? Well as with the rest of Santa Barbara Real Estate the area is south facing to the ocean. So starting on the East it begins in Toro Canyon about Foothill. Then it continues up Toro Canyon and goes West along East Valley Rd. up to Ortega Ridge where it goes Southwest down to Sheffield. From there it goes South on Sheffield and on out to sea.
On the West of Montecito is Hot Springs Rd. The border goes North on Hot Springs and then West on Alston Rd. From there it goes over the hill and meets up with Sycamore Canyon. Rd. On the South Montecito goes to the Ocean and then to the North it goes up above East Mountain Rd.
Okay, so now that you know where you are let?s talk about the different areas in Montecito. On the South you?ve got Miramar Beach Rd and Edgecliff with some incredible estates and small beach rentals. Farther West there?s Bonnymede...
Montecito Real Estate from here to there?.
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How to Improve Relationships with Feng Shui Remedies
How to Improve Relationships with Feng Shui Remedies
by: Steven M. Ng
In order to improve relationships, many people have increasingly turned to Feng Shui remedies hoping to find a solution for their woes.
The Feng Shui used in this article is the Eight Mansion (Pa-Kua) School under the Xuan Kong System. For more information on this, and for more basics on Feng Shui, you can visit the following page:
http://www.mandarin-ducks.com/fengshui.html
SLEEPING POSITION
The easiest thing you can do to activate your personal relationships is to sleep with your head pointing towards your Nien Yin (Personal Relationship) direction. For couples, it is recommended that you sleep in a bedroom located in the female's Nien Yin corner of the house, while you sleep with both your heads pointing towards the male's Nien Yin direction.
In addition, be careful not to sleep...
How to Improve Relationships with Feng Shui Remedies
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Insurance: The Stable Edge Of Change
Insurance: The Stable Edge Of Change
by: Greg Carson
The only thing that is permanent in this world is change. Since we are living in an ever-changing society, one must be capable to cope and live with what the world has to offer. No one could ever predict what's happening next so one must be self-reliant by preparing for the worst possible consequences the world has to offer.
To be assured against these unpredictable phenomena, insurance policies are sold....
Insurance: The Stable Edge Of Change
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