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Prepare a list of all properties available in your area and think up best future use of properties. Learn to purchase land before there is a demand. To buy land well in advance is only economical way at today's prices. Then hold property until you can resale for large profits. Don't sell all your desirable properties and keep just lemons.
If you are willing to leave cities, you should not have any trouble finding inexpensive land for sale. If you discover a tract of land appealing to you but not listed for sale, contact Country Register's Office and he will tell you who is owner. Get in touch with him and he could be willing to sell.
As a rule purchasing tracts of land within thirty miles from a growing city is often a sound investment. Deal only with qualified realtors. Be careful of individuals who offer quick profits.
Before taking any action, study what has been written about subject. Know why you should and should not buy. Stay conventional and don't buy white elephants. Look for hidden defects and make property attractive before offering it for resale. Study local conditions and be sure it is practical. Constantly look for bargains and quality properties with exceptional features that will make sale easier. Follow up on For Sale signs, make inquiries.
When discouraging elements occur, minimize your losses by whatever means available. Don't throw away money on repairs for poorly located property or in an area of surplus rental units.
Before you attempt to sell, find out how prospect can use property profitably. Ask yourself if you would purchase it if you were in prospect's shoes. Ask yourself if future use will fit any of many types of specific businesses. Can a hospital, a bank, an apartment complex, condominium or professional building be located on property.
Learn to analyze pros and cons of a real estate problem. Break it down into its various elements. Know if answers you come up with are satisfactory and practical. Try different approaches to problem.
You are necessary looking for "top" or "bottom" of market, or current economic situation. You are looking for a variety of properties which have a higher value dependent on use that can be established for them.
There are always opportunities in Real Estate during good times and bad, but it is up to you to pick and choose only those very best deals, especially during times when it appears that Real Estate values and demand have reached their peak or in times when it is practically impossible for most anyone to get bank loans due to tight money market or impossible interest rates. Visit http://groups.msn.com/venturecon,If you are serious about making money from home based business.
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