Basis IS Key to a ROI- Know Your Market and Make Your Margins by Mik Cohen

It used to be location, location, location - but now it's location, price and margin/profit.

In today's market, location, alone, doesn't make the deal. 

Technology has opened our eyes to resources that provide all the information one needs to determine VALUE on any given property.


Combine the technologies with a struggling economy and you'll quickly see the opportunities that are all around you - regardless of location.

ARE YOU AN INVESTOR ?:
For investors, it's business as usual, less the financing options, despite record low rates.
Regardless of the economy, opportunities are always there.

This is the time to break out the cash you've been sitting on and run for touchdowns.

Your cash enables you to be free from lenders and their "restrictions".

Fact is, you can buy property for cash, sit for 90+ days and take a loan/mortgage out on it - kind of like your own "land bank".

ARE YOU BUYING FOR FUTURE VALUE ?:
Fact is, throughout history - real estate has been cyclical.
Values go up and they come back down -

Buy your home, now, and hang out for a few years. 
** Your BASIS is your, total cost, to buy and own for the period of time before you resell.

History repeating, if/when you decide to sell, you'll owe MUCH less than what you'll sell it for and THAT is your margin.

ARE YOU SPECULATING ??:
Yeah you are - in today's market.
Face it, things have changed and all the "experts" are scrambling.

At the end of any given day, real estate is always a great value - as long as you know the rules of engagement.

In short, your best advice is to learn your markets, WELL, before you opt to buy.
By doing so, you ensure the best possible outcome, regardless of the "current" market.

Clearly, by acquiring market knowledge, you have the best chance of coming out of any real estate transaction smelling like roses - which you'll be able to promise to YOUR buyer as you realize your ROI.

Take advantage of today's deals/opportunities.

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Check the video, above.
This property is a $$ maker that satisfies, BOTH, the buyer and the seller.

We acquired this property for a great price and took an old, outdated, singlewide mobile home and turned it into a nice, livable, space that enables an investor to make $$ while sitting on a, great, future value.

This is one example of the creativity you can use in flipping real estate.

There are some, basic, principles that we recommend you follow - 
Contact me if you need that assistance - 

FINALLY:
Have fun !!
Stress, in this business, is a HUGE factor, depending on your financial ability.


Remember, it's all about your basis.
Make your $$ on the buy and get paid when you sell.


Mik
New To You RE, LLC