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Real Estate Investment - One Simple Formula


I saw the ads in our small-town newspaper for years before I realized exactly what was going on. They were always the same: A house for sale with 5% down and payments of 1% of the purchase price. It might be a three bedroom home for $90,000, for example, with $4,500 down and $900 per month payments.

A friend started doing the same thing and explained the process to me. It was a way to get a great return on capital. It was the opposite of buying with no money down. You bought for cash.

A Real Estate Investment Formula

It is simple, really. When you buy for cash, you often get a much better price. A house that needs a little work might be worth $75,000, for example. By offering $65,000 cash, you negotiate your way to a $68,000 purchase price. If not, you walk away - there are always others.

Then you put few thousand into high-return repairs and improvements. Paint, carpet, and maybe asphalt for the dirt driveway. For our example, we'll say you put $5,000 into it.

Now it's worth $85,000 perhaps, but you target those who can't get financing easily, and you finance it yourself. By making it easy for the buyer, you can get $90,000 for the home - and do it without a realtor's commission. Whatever the sales price, you let the buyer put 5% down, and make monthly payments of 1% of the purchase price. Of course, you get higher than market interest too.

The buyer is thrilled that they can buy instead of renting, and you get a capital gain of perhaps $14,000 after expenses, plus good interest. Your total rate of return is somewhere over 25%!

The first to do this cosistently in our town were a father and son. They were both lawyers, and saved money by doing their own foreclosures when necessary. After forclosing, they just raised the price and sold it all over again, of course. By the way, if you can get an average return of 18% on your money, you'll turn $75,000 into more than one million dollars in about fifteen years.

Steve Gillman has invested real estate for years. To learn more, and to see a photo of a beautiful house he and his wife bought for $17,500, visit http://www.HousesUnderFiftyThousand.com


MORE RESOURCES:

Real estate records, 10/22/17
Lincoln Journal Star
Doane, Luke Charles & Margaret M to Sears, Christine A & Bader, Bruce M, 13640 Guildford St., Waverly, $171,000. Domo LLC to Rojas, Fabian & Montoya, Ibeth, 920 Rose St., $173,000. Dove, John to Nelson, Craig A, 930 N 66 St., $135,000. Draper ...



Real estate transfers for Oct. 22, 2017
Roanoke Times
Local Office On Aging Inc. and League of Older Americans to 706 Campbell Ave. S.W. LLC, 706 Campbell Ave. S.W. Roanoke VA 24011, $500,000 10/06/2017. Molera Holdings LLC and Limekiln Holdings LLC to AVE Roanoke LLC and AVE RET Condo II ...



Erie County Real Estate Transactions
Buffalo News
Following are real estate transactions over $5,000 as listed in records of the Erie County clerk's office for the week ending Sept. 15,2017. AKRON • 57 East Ave., Cassandra A. Nicholas; Michael A. Nicholas to Edna M. Scherf; Kevin J. Scherf, $200,000.



Niagara County Real Estate Transactions
Buffalo News
Following are real estate transactions over $5,000 as listed in records of the Niagara County clerk's office for the week ending Sept. 1, 2017. LEWISTON • 4072 Calkins Road, Hathaway A. J; August J. Hathaway; Barbara Hathaway; Barbara G. Hathaway; ...



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The National Association of Realtors (NAR) reported today that sales of existing homes (resales) were up slightly in September 2017 on a monthly basis.

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DOVER -- September residential real estate volume in Strafford County outpaced the same month last year in both single-family homes and condominiums. Home sales were up by 20.4 percent to $42.6 million on 173 transactions, according to a monthly ...

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ELYRIA — The Lorain County real estate market is on track for a record year as more properties are selling for higher prices, said county Auditor Craig Snodgrass. He said that as a result he likely will raise the estimated revenue for his office by ...

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