"A good hockey player plays where the puck is. A great hockey player plays where the puck is going to be."Wayne Gretzky
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Here Come The Real Estate Gurus - Hide The Children
I am stunned when I hear that many of the so called real estate gurus are charging from $3,000 to $15,000 for their seminars and "mentoring". Has the world gone mad? As a real estate investor and author I am often asked if I can recommend these real ...
How To Understand The Financial Pages
There are a number of key terms that investors should be familiar with. Though these terms are regularly banded about in many articles, they are not explained by many of the authors of these articles. The aim of this article is to explain a few more ...
The 10 Rules for Successful Tax-Free Income Investing
Do you sometimes question the performance of your investment portfolio? If you are like most investors you have your income producing assets thrown in together with your equity portfolio. You look at the total mix of dividend paying stocks, bonds, mutual ...
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Word Count: 385 Character Width: 60 Resource Box: Peter Stanley at www.bookshaker.com
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"Property Investing - A Numbers Game Or As Easy As 123?"
- by Peter Stanley
(c) Property Made Simple. All Rights Reserved. http://www.bookshaker.com
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People think that property is complicated and that you need to be a rocket scientist to get involved, but I can promise you it's an urban myth.
Other people think that my finance background makes it simple for me, but whatever you're good at can be used in the property arena - you can use spreadsheets for the numbers.
I was talking with a novice investor recently about how to get involved and we spent some time talking about the investment process.
Let me spell it out for you - work out the cost to buy, add the refurbishment costs, then take that number away from the value when you've finished your work.
See, I told you it's simple.
I'd go a step further and say that if the numbers don't stack up, then don't buy it. There are many people who are looking for a renovation project and when they run through the simple calculation above, they find out that they've paid more, in time and money, than it would have cost them to buy a house in good order. As my dad says, if you want to work for free, you'll never be short of work!
As some of you will already know, I try to manage the systems rather than work on the houses myself. Whilst I can do the work, I'm slower than a tradesman and the results are noticeably that of an amateur - so I price in for someone to do the work for me.
Again, it's a matter of calculating the costs for each of the jobs, but it also means I can leverage my time more effectively and run more deals at once.
For other people, this means that they can build a portfolio, whilst holding down a day job, which also means they can invest without needing an instant income.
When I speak to my clients about a new deal, they ask me for the numbers first and the detail second.
But going back to your individual skills, I still take the opinion of someone who was a local visiting chiropodist, as she knows all of Tameside like the back of her hand and can tell me in ten seconds what an area's like.
If you're still not convinced, read my book or get in touch.
=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-= Do you watch the property investment programmes thinking that this is the way out of a job you hate... but don't know where to start? Then you need to read Property Made Simple. Buy it here... http://www.bookshaker.com/product_info.php?products_id=129
KEYWORDS: property investing,investing in property,property market, invest in property,property made simple,peter stanley,numbers game, property investment calculation
About the author:
Do you watch the property investment programmes thinking that this is the way out of a job you hate... but don't know where to start? Then you need to read Property Made Simple. Buy it here... http://www.bookshaker.com/product_info.php?products_id=129
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