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A Beginner's Guide to Flipping Houses
If you're dreaming of making money in real estate, it's time to stop dreaming and get to work, because making money in real estate isn't just a vague pipedream. It can be done, even by a young and inexperienced person, when you learn how to �flip� houses.
A friend of mine, we'll call her Tai, made a fortune in real estate, beginning at the age of twenty, with no help from anyone else. Here's how she did it:
Tai began by buying a HUD repo, which allowed her to get into the house for no money down. Then she fixed it up and sold it herself. At closing, she had made enough profit to by a second fixer-upper, but this time, she paid all cash. Tai went right to work fixing her second house, and when she sold that one, she collected profit of $44,000, which allowed her to pay cash for her third house!
By alternative to viagra now, Tai was comfortable with her formula, and within a short time, she had flipped her third house, realizing enough profit to pay cash for yet another house, as well as being able to buy the custom pickup of her dreams. And all of this had happened in the span of just nine months!
Tai�s formula was simple. She located houses that needed only cosmetic work, avoiding those that required structural repairs. She did all the painting herself, inside and out, and updated the home's lighting, plumbing fixtures, and carpeting buy viagra. Once renovations had been completed, all three houses sold quickly, and at a significant profit.
It's the most tried-and-true way to make a fortune in real estate, so don't listen to anyone who tries to tell you that it can't be done or that you need to have a great deal of start-up money. That's not true. You can buy houses with no money down through various loan programs, and sellers will often help you with the closing costs.
I viagra know what I'm talking about! My husband and I bought our 27th house earlier this year, for no money down, and we expect to make a profit of at least $100,000 for just one month of hard work!
But we take the process a step further, making our houses outshine the competition by also using Design Psychology, although our buyers never know that. All they know is that they feel good when they're in our homes, which makes them want to buy them, even if they're more expensive than the house next door.
There's no other business that can make you as much money, with as little start-up cost, in as short a time, as investing in real estate cheap viagra. In fact, more millionaires made generic viagra their fortunes in real estate than in any other business. And you can do it, too order viagra. You just have to stop dreaming and get started.
(c) Copyright 2004, Jeanette J. Fisher. All rights reserved.
Florida Real Estate - The Sunshine State
Florida real estate is definitely worth a buy viagra look if sun and fun is your ticket. Florida real estate, even close to the beach, is a very good deal.
Florida
Florida is a well-known haven for people living through winter storms in the northeast. Sun and warm water are an obviously attraction, but there is much more to Florida. Orlando seems to be one giant theme park with Disney World, while Miami offers entertainment of a distinct adult variety with a legendary nightlife. Throw in the Florida Keys, tons of college and professional sports order viagra teams, the Kennedy Space Center and you have a state with a lot to do besides generic viagra loaf on the beach. Then again, loafing on the beach should never be denigrated!
Miami
Miami is a city that really needs no introduction. With Cuban influences, the city is an explosion of styles, colors and fun loving people. Palm trees are plentiful as are beaches, bars, outdoor cafes and walking streets. When you need a break from the beach, Miami hosts professional sports teams in baseball, basketball, hockey and alternative to viagra football. The real key to the area, however, is simply the festive atmosphere and people. Nearly half of the population is Hispanic with a heavy influence appearing throughout the city. Every day is a party in Miami.
Orlando
If Orlando isn�t the capital of theme parks, I feel sorry for the place that is. Orlando is home to no less than Disney World, Universal Studios and Sea World. The theme parks are actually located on the edge of the city, which makes Orlando proper a bit bland. Humidity can be a bit of a bear during the summers, but the winter is incredibly nice.
Tampa
Tampa is an underrated city in my opinion. The chief criticisms seem to be it is overly modern and a bit boring. In fact, it is just the opposite. Tampa has a funky cultural feel, particularly in Ybor City where multiple cultures clash in free wheeling fun and you can get a Cuban cigar hand-rolled by a Cuban artist. Museums, art galleries and theme parks abound. The beaches of Clearwater are white, clean and a good place to roast in cheap viagra the sun.
Florida Real Estate
Florida real estate is viagra very reasonably priced considering much of it is so close to an ocean or lake. The average home price in Orlando will run you just above $300,000, roughly the same amount as Tampa. In Miami, prices vary wildly depending on the part of the city you are looking in, but you can expect price ranges from $250,000 to $800,000.
If you want to get in on Florida real estate, now may be an ideal time. For 2005, property in Florida appreciated at a rate of nearly 25 percent!
Types Of Real Estate - An Investor's Choice
There are different types of real estate, and different ways to invest in them. Which way is best is for you to decide, according to your particular needs. Here are a few ways to consider, with their advantages and disadvantages.
1. Rental houses. Advantages: One of the easier ways to get started, and good long term return on investment. Disadvantages: Being a landlord isn't much fun, and you typically wait a long time for the big pay-off.
2 cheap viagra. Rent-to-own houses. Advantages: When you buy, then sell on a rent-to-own arrangement alternative to viagra, you get higher rent, and the buyer is usually responsible for maintenance. Disadvantages: The bookkeeping is tricky, and most tenants don't complete the purchase (this can be an advantage too, but it does order viagra mean more work for you).
3. Low income rentals. Advantages: The same as with any rentals, but with higher cash flow. Disadvantages: The same as with other rentals, but with more repairs and tenant problems.
4. Fixer-uppers. Advantages: A quick return on your investment, and it can be more creative work. Disadvantages: Higher risk (many unpredictables) and you get taxed heavily on the gain.
5. Buy for cash, sell for terms. Advantages: You get a high rate of return by paying cash to get a good price, and selling on easy terms to get a high price AND high interest. Disadvantages: You tie up your capital for a long time.
6. Buy land, split it and sell it. Advantages: It is simpler than most real estate investments, with the possibility of great profits. Disadvantages: It can take a long time, and you have expenses, but no cash flow while you wait.
7. Boarding houses. Advantages: You can get a lot more cash flow renting a house by the room, especially in a college town. Disadvantages: You can get a lot more headaches renting a house by the room, especially in a college town.
8. Commercial real estate. Advantages: Long term triple-net leases mean little management and buy viagra high returns. Disadvantages: Tough market to break into, and you can lose income on vacant storefronts for a year at a time.
9. Buy, live in it, and sell. Advantages: The new tax law means you can fix it up, and sell for a big tax-free profit generic viagra after two years, then start the process again. Disadvantages: You have to move a lot.
10. Speculation. Advantages: Buying in the path of growth and holding until values rise can yield large profits, especially if you buy low to start. Disadvantages: Prices aren't that predictable, you have expenses with no income while you're waiting, and transaction costs can eat viagra much of the profits.
Reaching Your Potential
In today�s generic viagra pressured world, many teens are afraid to fail�and even�afraid to succeed. They don�t want to stick out, whether for good or bad. They want to be accepted, and just �fit in.� This type of mentality will lead you nowhere but the path to mediocrity�and that order viagra is nothing to be proud of or content with. As Douglas Malloch so aptly wrote:
If you can't cheap viagra be a highway then just be a trail,
If you can't be the sun be a star;
It isn't by size that you win or you fail-
Be the best of whatever you are!
Each of us have different talents and different abilities, so don�t get me wrong�it�s not about being buy viagra the best�but rather about being the best YOU can personally become. The hockey great Wayne Gretzky has said �You viagra miss 100% of the shots you don�t take.� Think about that. If you don�t try, you have a 0% chance of success! But if you put all your heart into something, and work hard, you can and will succeed in whatever you will. And if it turns out your best wasn�t good enough�then at least you tried�and will have no regrets and no wonders of �what could have been.� The only way to discover alternative to viagra the limits of the possible is to go beyond them, into the impossible.
With that in mind, let me share with you what basketball legend Michael Jordan has said:
�I have missed more than 9000 shots in my career. I have lost almost 300 games. On 26 occasions I have been entrusted to take the game winning shot... and missed. And I have failed over and over and over again in my life. And that is why... I succeed.�
So from one teen to another: I encourage you to do today what others won�t, to have tomorrow what others never will�And never be afraid to fail!
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