Sunday is for resting.
Sunday is for resting, so take it easy. Go get a nice cup of coffee? BUT! Even though Sunday is for resting, you can read a good book about the…
Sunday is for resting, so take it easy. Go get a nice cup of coffee? BUT! Even though Sunday is for resting, you can read a good book about the…
I guess we should. More so in Europe than in America. IKEA looks to be at least 20% more expensive in the USA. Most of its American competitors provide better value. Mirrors, vanities, faucets, cabinets and countertops are really good value in Europe, but gets too expensive here. That’s why I had to return these things:
That said, IKEA is considered more fashionable here. It’s more classy :) If you want to create a more fancy and modern look, IKEA is a great way to do so. That means a real estate investor on IKEA isn’t all bad.
Then there is the whole assembly you self thing. It has both pros and cons. It makes transportation a lot easier. It is also very clever and provides you with everything you need to complete the installation. The competitors don’t. I have bought a ton of stuff from places like Home Depot and every time, I have had to run back and forth three to four times before I had everything I needed to finish the project. That is not the case with IKEA. The only major con of having to assemble everything yourself is the time it takes.
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There has been three returning ingredients to my most successfull deals. Theese three ingredients makes me a lot of money, so I figured I’d tell you about them.
BUY:
Number one. Buy a property :) Most of your money will be made here. In short, you want to buy something comparatively cheap. If you manage to secure a deal under the actual market value, you will most likely always have the option of selling with profit at any given time. This strategy will also help you maximize your potential appreciation. I spent a few months creating a massively useful document about how to find and analyze properties to make the best possible purchase right. If you want to read it, CLICK HERE. (in Swedish).
DEVELOP:
A step often overlooked by most investors and the step I like the best. (more…)
I know the title “Real Estate Investing Truth” isn’t perfect as I think this post is more about myths, which is the opposite of truth. I have received tons of e-mails with similar questions so I figured I’d try to clear a few things up.
First off. You don’t have to be wealthy to start. If you find a good investment with a good return, there will always be money for it. Banks, friends and family, wealthy people in your community, sellers, you name it. Know that it’s EASY to buy a property without putting any money down! If you want to know more: READ MY DOCUMENT ABOUT FINANCING (in swedish)
Secondly. Listen to everyone, but don’t trust anyone. I know that more than a few of you have been treated pretty poorly by banks, sellers, realtors etc. And it’s what to expect. Someone trying to sell you something will be nice, kind and friendly. But rarely honest. Bankers follow rules and orders from above. No matter how good you think your relationship is specific to any person in the business, know that they might turn against you at any time if their orders change.
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Well. From what I’ve heard they can be very profitable. That’s good. A second perk is the vast range of property management available. Amongst the challenges we find pricing, vacancies and wear.
A vacation rental investment will usually have to be in a very good location in order to be attractive amongst tourists. If your rental isn’t in a popular area, finding customers will be hard. Without customers, no money..
What can we do about this? (more…)
And the Millionaire Real Estate Investor seems pretty good. I figured I’d mentioned some of the stuff I read as I go. The book is a result of some pretty hard work by a guy named Gary Keller, Dave Jenks and Jay Papasan. I bought it on Amazon.Com if you want your own copy. Only a couple of dollars.
So, here we go. I’ll try to share a few of the lessons learned in the first chapter. (more…)
The equipment is getting better and better. Sadly, my filming and editing skills aren’t quite keeping up. But I still love trying to be creative, even though I’m not as gifted as I want to be. Still. Room for improvement makes for nice challenges :)
Watch more videos and subscribe to my YouTube channel here!
The video above was shot in Port Richey, Florida. It’s a pretty run down area with lot’s of abandoned properties and foreclosures. The big recession in 2008 hit really hard all over Florida and it becomes very apparent in some areas, like this one.
Still. A mess like this creates room for new opportunities. Hence my real estate inspired video with some stories on how profits can be found everywhere. Even in places like this.
What is most striking to me is the massive amounts of abandoned commercial properties. (more…)
My experience on this subject is limited so I probably shouldn’t be giving too much in dept information. But, I do have some knowledge on the subject, so I’ll share parts of that with you.
I’m only renting commercial space on one location at the moment. It’s a restaurant in Sweden that works great. I have a good agreement with my renters. The agreement is a major thing (more…)
This last ranch that he bought is located in Texas and has some more than 1,000 operating oil wells. It’s about 30 000 acres (12 200 hektar) and became his for some 700 000 000 million USD. Kroenke is one of the largest private landowners in the US and owns ranches in Montana, Wyoming, Arizona, British Columbia and now Texas. Pretty cool, isn’t it?
The most expensive ranch ever sold in the United States so far is Trinchera Ranch in Colorado. It is owned by the Forbes family.
So, is buying land any good? Well, here is where I’m at.
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There are a few things that have a big effect on the value of your property and you can make sure to have them working in your favour. Or most of them.
The single biggest factor is your location. Since we can’t change the location after we have bought the place, it is what it is. What we can do is enhance the good things about your location. This is just something I like doing, not something found in articles. I usually put some chairs out on my favourite spot in the garden to invite people to that area, giving them a nice place to sit and think about the property they are interested in. I can’t prove it works, but I have a feeling it might help.
Now, to the things that we can affect. Here are three points on how to increase the value of your property:
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