‘Different’ Types Of Real Estate Investments

Over the past few months I have been working with several international real estate investors. Through this experience I have realized that applying the basic fundamental principles of investing cross all cultural boundaries and, at the end of the day, you will not make good buying decisions unless you have discipline.

That goes for any investor, whether he or she lives here in the United States or half a world away in Japan.

I have also realized the power of doing something a little bit different. By creating a unique twist on tried and true principles — especially if you are willing to put in the actual work — your results can be phenomenal.

For example, let’s assume your budget range for investment properties is $20,000 to $30,000 and you have a plan of holding these investments for at least a five-year period. In your analysis you plan some initial restoration of the property and to rent it at market rate (or just a little less) to turn a tidy profit. Replicate this action with more than one investment property and your rate of return will continue to grow along with your future nest egg.

In other words, establish a budget and stick to it. Be clear on the restoration plans (don’t be scared to try something a little different) and be clear on renting the property competitively.

Don’t get greedy. And if you focus in on the “bigger picture,” you’ll find yourself ahead of the pack sooner rather than later.

As in the example of real estate, doing something a little “different” in your life can generate huge results. It can give you the edge you need to realize your dreams.

What is something you can do a little different today?

Posted in Linda's Learning Lane, Real Estate Newsletter | April 2012 | Comments Off