{"id":10317,"date":"2022-11-22T12:38:37","date_gmt":"2022-11-22T18:38:37","guid":{"rendered":"http:\/\/resourceful-teal-lizard.rotrealty.com\/rockproperties\/?p=10317"},"modified":"2022-11-22T12:40:25","modified_gmt":"2022-11-22T18:40:25","slug":"a-secret-of-successful-property-investment","status":"publish","type":"post","link":"https:\/\/resourceful-teal-lizard.rotrealty.com\/rockproperties\/a-secret-of-successful-property-investment\/","title":{"rendered":"A Secret of Successful Property Investment"},"content":{"rendered":"\n

As a 20 year property investor, I\u2019ve learned a few things along the way that may help others be successful in real estate investing<\/a>. I\u2019ve had great success and I started with little money and zero knowledge. Much of my success was due to luck but I paid attention, learned from my mistakes and learned what works more and what works less. I\u2019ve never lost money in a real estate transaction, so it was all just different levels of success for me. In hindsight, I\u2019ve identified a few things that a green investor with little money could focus on to maximize their return with very little risk.<\/p>\n\n\n\n

There is an adage that the three most important things in real estate are \u201clocation, location, location.\u201d There are many other important factors for real estate Investing but a person could be a successful real estate investor with little money and an understanding of the adage “location, location, location”.<\/p>\n\n\n\n

For a young person, a simple long-term strategy for making money in real estate is to not follow the crowd. Instead of buying a cookie cutter house in a popular suburban neighborhood, focus instead on buying land. The formula for success in buying your primary residence, with financing, is to focus on the land and the location, not a big fancy house to impress your friends. The biggest ROI is usually in the land, not the structures. We can build as many houses as we need, but we cannot create any more land.<\/p>\n\n\n\n

To maximize your success, you need to be living in a town that is growing. After you have accomplished that, figure out which way the town is growing and buy the largest piece of land that is the closest to civilization that you can afford. Having a structure on it that you can call your primary residence will likely help you with your financing. Things to consider:<\/p>\n\n\n\n