I want to acquire properties that I can transform into positive money-makers. This transformation can be the property’s physical appearance or it can be a restructuring of its financial condition. Also quite common for me is changing (removing) the people who occupy the property. More often than not I’m doing all three types of transformations at the same time.
You don’t get big paydays simply because you own real estate. You earn big paydays from doing something that increases the value of real estate. A value increase doesn’t necessarily have to be a big change in the present market value. Even if a property doesn’t go up a nickel in market value but is made to produce more net income from rents, you’ve created some additional value.
I think about locations as “A” “B” and “C”. “A” locations are the best. “B'” will be the local average and “C” is a stone’s throw from the county dump.. With some study and driving around, you can easily determine these locations in your own investment area. My “REAL ESTATE INVESTOR TRAINING SEMINAR” teaches you a successful investment program for do-it-yourself investing. See products, www.fixerjay.com