Vegas Or Bust! Turning Your Investing From A Gamble Into A Sure Bet! (3 of 6)
Damian here with our Las Vegas investing series.
We’re talking about whether or not real estate investing is a gamble and how to make it a sure bet. This is especially important in this wacky economy. Speaking of gambling, I told you that I do not gamble. I don’t believe in it. But I just realized that as I look around, I am on a bridge and there is water all around. I’m almost afraid that I’m going to drop something. So I’m going to make this video very short. Because, believe it or not, making real estate investing a sure bet is not complicated. It’s not something that takes a long time.
The way you do that is to buy properties with built-in equity. This means you are looking properties in the area that are listed below what others are currently selling for. Even if only a handful of properties have sold and they have sold for 30% less than they did a year ago (say they’re selling at $250,000 now) you want to buy that property for $200,000. Or perhaps $175,000. When you buy like that, there’s no gamble. Because you immediately have a profit built into your property.
The great thing about that is, when you know how to do it and do it the right way, not only do you have the opportunity to make a lot of money, but you have the opportunity to bring in other investors who will also make money. You can assign or sell deals to them and multiply your real estate profits. You explain to them that you can buy something that is already worth more than the going market and you make a profit as soon as you buy it. This is something you cannot do anywhere else. Certainly not in the stock market. Even in a great stock market season, you can’t do that.
“Vegas Or Bust: Turning Your Real Estate Investing Business From A Gamble Into A Sure Bet!”
WOW – isn’t it unbelievable that simple shift I shared in the last video?
It’s like going to the poker table with a loaded hand!!
Well – where not done yet, let’s talk about cashing in =)
Related posts:
Vegas Or Bust! Turning Your Investing From A Gamble Into A Sure Bet! (1 of 6)
Vegas Or Bust! Turning Your Investing From A Gamble Into A Sure Bet! (2 of 6)
Vegas Or Bust! Turning Your Investing From A Gamble Into A Sure Bet! (4 of 6)
Vegas Or Bust! Turning Your Investing From A Gamble Into A Sure Bet! (5 of 6)
Vegas Or Bust! Turning Your Investing From A Gamble Into A Sure Bet! (6 of 6)
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One Response to “Vegas Or Bust! Turning Your Investing From A Gamble Into A Sure Bet! (3 of 6)”
I have learned the hard way, that marketing is the way you make money in real estate. I know you have to have properties to sell, but you need to have your buyers list setup first in order to get properties contracted and sold. thank you for the great info,
Gabriel
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