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Some say that the recession is the ultimate enemy of investing. Smart ones, however, beg to differ. They consider the economic slump as an opportunity to make it big in real estate investing, especially through rehabbing or fixing and flipping houses. Rehabbing is buying a distressed property, repairing it, and selling it at a much higher price.
You also need an agent with deep – not surface – understanding of homes, neighborhoods and local real estate market metrics, practices and contracts, and someone who deeply *gets* the home buying or selling process itself – so they can brief you on it and fruitfully coach you through it.
I’m not knocking the house flipper who says they can double their money overnight. Plenty of people are successful at that. That’s just not a strategy I see as sustainable, and not one I’m confident in, so I’ve chosen a different path. In baseball they call this strategy small ball. Don’t try and get a home run every at bat.
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Obviously, you would not want to just trust somebody. Be aware of the internet, be aware of broker promises, not every real estate agent, not every licensee is looking at your best interest. Just because they’re licensed doesn’t mean you can trust them. I’m not trying to put real estate agents down, I am one myself.
They call it the great recession, but in historical terms, it was clearly a depression..and I decided to get into real estate. Everyone said I was crazy, and I was a little crazy. A lot of people had just lost everything, tenants weren’t paying, evictions were happening all over. It was rough. But, deals could be found everywhere.
030: How zachary kepes overcame the Recession and Built a Real Estate Empire Zachary Kepes is the founder of Zak Ventures. From nearly broke in 2007 to owning more than 150 single family homes a decade later, he’s built a real estate empire by purchasing, renting, and flipping distressed and low-income property.
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Summary: Real estate, or immovable property is the term for land, and along with anything permanently affixed or attached to the land, such as buildings and houses. Real estate is generally considered identical with real property , in contrast with personal property , which is most often called chattel or personality.
Hard Money Loan #14 Paid Off Paying off debt – How I paid off 55k of debt in 14 months. june 27, 2018 | Post by, I’m very much in the earn money via hard labor mindset at that time. I looked to my network and ended up helping a friend manufacture items in the evenings for his business; in addition to, my current 9-5.