ACQUIRE PROPERTY WITHOUT RISK

There are a number of ways to acquire property without risk. Welist a number of the most important:* Restrict the size of the investment and the amount ofindebtedness.* Sell at a profit a part of what you have purchased.* Buy only such property as you are willing and able to hold foran indefinite period.* Make an estimate of gain or loss probabilities before you buy.* Withstand all pressure of people who try to induce you to sellat a loss.* Increase desirability of the property before you sell.* Observe the effects of local improvements, movements andactivity. Develop ability to buy Real Estate with the greatestpotential for the future. The successful buyers of Real Estatehave a good knowledge of facts and laws, learned under a greatvariety of circumstances. They realize the importance of makinginvestigations. They know economics and business conditionslocally and nationally. They study trends, growth areas andproperty utilization. They have a correct idea of their ownpersonal finance limitations. They have a high degree ofinterest, judgment and imagination.* Adaptability, fortitude and a high degree of resourcefulnessare other attributes to successful Real Estate investing. Desirefor ownership and not being adverse to going into debt are veryimportant.* If a property appears to be greatly under priced never quibbleover price. List all the significant advantages and disadvantagesof each property. There should be some reasonably outstandingfeatures that will generate enthusiasm. Decide to buy on themerits of the property, not because someone is suggestive. If youlose a good deal, a better one will come along. Resistspeculation fervor.* If you are buying a property to hold for a long time, computethe taxes, interest, insurance, etc. You will have to pay whileit is in your possession.* Realize that when the market is good and the price is risingyou can always buy, but when the market is going down it isdifficult to sell. Don't sell too quickly and do not over-extendyourself.* Realize that increasing value of improved (homes buildings,etc) result mainly from increasing population.* If you are interested in making money investing in Real Estateforeclosures, the best way to succeed is to develop a financialplan based on your tax bracket so that you will know when to selloff which properties and when to keep them for future increase invalue. You will need to recognize when there is "concealed"equity in a property which is not visible to other investors.Look for homes from 5 to 20 years old with potential net profitsof no less than $4,000 when you convert them.* Know the laws in your state pertaining to the foreclosureprocess. Look over all the small print in contracts. Most of themfavor the seller. If you are the buyer, have the contract changedto fit your requirements.* Be careful at auctions so that you don't get carried away withthe bidding; determine in advance the top you will go and staywith it.* Strive to locate and purchase distressed property beforeforeclosure proceedings start and you can generally assumeconventional loans under the same circumstances as presentlyexist.* When you have purchased the property in a slow Real Estatemarket, it is easier to sell since you have probably acquired itat several thousands below the current market value.* It can be good policy some of your property and keep some. Forexample, if you can sell one-half of the property and get most ofyour money back, you will be able to retain the balance forfuture enhancement and use the proceeds of that portion sold tospeculate in other properties.* Speculation is not all profit. As time goes by taxes andassessments increase; some properties may have to be sold to payfor such increases.* The greatest deterrent to a person buying Real Estate is thefear of making a mistake. Of course a person can't afford to makemany mistakes in Real Estate speculation just as in any otherkind of business.* During a period of inflation, land is the best investment.During a recession or depression, land is the worst investment.If a recession appears imminent sell, even if on a contract fora reasonable down payment and monthly payment on the balance. Youwill have an income and also have the property as collateral. Youcan be sure that as long as general economic conditions aregood, the value of well selected Real Estate will increase.* Populations increase by birth rate and by influx. Check todetermine the past circumstances of the local economy, the demandfor public services and the future growth potential. The factthat a city has increased in population is not significant initself. Perhaps there has been an annexation of adjacent areas.Yes! By comparing, learning and using good common sense you canprofit in Real Estate regardless of recession, depression,interest rates, or inflation! And without excessive risk!