Ict course final written assignment - final draft - mariana chiarella.doc
Property Investment Opportunities
1. Property Investment Opportunities
The French Legation building, situated in East Austin at 801 San Marcos St. is truly one of Austin's
hidden jewels. The key will be to buy cheap so you'll manage to pay for the renovations.
If you buy it wrong, you might be defeated before
even thinking about. It can be quite easy to go out
and find what you think is a great deal and become
enamored with the deal. Yourun the numbers and it
looks so sweet so you decide you need to have this
house. One of my gurus use to say?if you want the
house you are in trouble, if you want the deal you
are starting well.? It is often very challenging to
make good business and investment decisions once
you have emotions are involved. Business is not the place for emotionally charged decisions. The
awesome thing about the marketplace is that no matter what the market conditions are, there are
always excellent deals available. The opportunities that creates great bargains always exist; divorce,
death; taxes; business partnerships gone bad, etc?
What motivates a seller to sell? Obviously, the need to sell real estate quickly is often dictated by
financial hardship in one form or another. Is the seller behind on payments? Facing a bankruptcy?
Staring down a huge, unexpected pile of medical bills? Or, perhaps, it's better news. Did your seller
just get a big promotion-that means relocating? The potential reasons are many, but they lead to the
same result; this person simply MUST sell his home...he needs to do it quickly...and he needs your
help. Now, how does he find you?
Prior to starting looking for your Altmark home, you need to do some homework like determining
your needs and assigning a budget to your real estate investment. Your realtor would ask you these
questions and you should go prepared if you are serious about real estate investment.
Check real estate investment opportunities the credentials of the seller. Do in depth research on how
long the web site has been in existence, whether there are any complaints registered against them,
if they will provide references you can verify. A background check is absolutely a must.
The French Legation continues to be a fascinating landmark and hosts community events and
private parties throughout year. The site and museum are open to the public Tuesday through
Sunday from 1:00-5:00 p.m. Admission fees range from $2-$5. Guided tours are also available by
request.
One way to make money from home investing in real estate is to use your own. If you have
considered moving but don't want to sell your house in the current market, you are in luck. Buying a
new home at a lower price is now an option which will then leave you free to rent the one in which
you currently reside. Rents have remained stable in most areas while real estate prices have gone
down, so you should have no problem with this option. Rent yours while you can and later on when
the prices go up you will be able to sell for a reasonable asking price. This will keep the cash coming
2. in and enable you to gain money when selling it in the future.
So what's the moral of the story? Never mistake Substance by going for Looks. As an investor, the
key is in the numbers. There are a lot of incredible deals out there, and you have to keep your eyes
and ears open to catch them. Don't let your built-in biases hold you back. You could miss the
opportunities that can change your life.
You need to understand it like the back of your hand. Search for a decision making process and an
ability to take responsibility for the poor deals. After submitting the forms, you'll now await the
bank's approval.