Buy and Fold

DIRT: That's where it’s at!
Did You Know...that the size of the land and its zoning can be more important to the value of your property than the actual house? Houses don't actually go up in value, they depreciate. As houses age, they require repairs just to maintain the same value that they had when you purchased them. Things break and need replacing just like cars. Real estate refers to the dirt; the land that the house sits on!
Find property where you can build something bigger, like a suited property or apartment building, or something you could subdivide! That dirt may be the price of a normal house but the future value is much higher! Buy something on the edge of town, or in town in a mature neighborhood that's on a big lot that you could subdivide into 2 lots, or buy something with different zoning, zoning that allows you to build something higher density. R 2 zoning is for duplex’s or 4- plex’s, R3 or R4 can be apartment building sites in the future. Look to the future, examine all the possibilities of a property, then decide with the big picture in mind. Take a piece of land and fold it up to the next level of use.

Free real estate investment education at

https://www.facebook.com/teamkander/

Be Like a Cash Buyer

How can you be like a cash buyer without having the cash?
Being prepared before you go look at homes is one of the most important things you can do. If you are able to get pre-qualified for a mortgage, this makes you like a cash buyer! It’s like buying a car after doing your research. If you show up with cash and say "I want that one, here's the cash!", that dealership may have had a bad year and may need to sell a car for cash to make payroll. Rather than financing it and waiting 5 years for their money, they may accept a lower price than they want because it’s an instant sale!
The best way to get something for the least amount of money is to figure out what the other person wants for their home and then offer slightly below that. Just so slightly that they hum and haw over it and agree to the price even though it’s a bit less than they wanted because it will be SOLD!
If you go too low, they may come back high and then you end up paying more than you could have bought it for if you had just come in with a stronger offer at the start.

Free real estate investment education at

https://www.facebook.com/teamkander/

One of our most recommended strategies for building wealth is to own suited houses. You can move into the house and get in with 5% down. Then you can rent out either the upstairs or downstairs depending on where you want to live. You can also rent out the garage. You can end up living for very little or sometimes even for free. Plus, if you want to move out of this property into another one you can do it all over again and the first house will help you pay for the second house. Then, when you are ready to retire, if you want to travel or fulfill another goal, you can use the income from ALL of the different spaces to fund your adventure. Let other people pay for your retirement!

Free real estate investment education at

https://www.facebook.com/teamkander/

Leverage is the most powerful real estate strategy in Red Deer!

We believe leveraging is the single most powerful strategy in real estate.

This is achieved by using the banks or OPM (other peoples’ money).

When you buy a house and move into it, you can get in with as little as 5% down. Then later you could turn it into an income property.

Normally, to acquire an income property, you would have to invest 20% of the value of the property for a downpayment (which is a ratio of 4-1) but 5% down is a ratio of 20-1! This way you are only using a very small amount of your money and borrowing the rest. This means that if you invested $15,000 and the property went up $15,000 in value, you have made a 100% return on your money. There are not many places in life where you could get this kind of return using mostly other people’s money.

You can use this powerful strategy up to 4 times! Putting 5% down each time. If you move into any property with 5 or fewer apartments you can purchase it for 5% down. Legally suited, Full-duplex, Triplex, 4 Plex, 5 plex, acreages, townhouses, condos, and single-family houses all apply for this strategy.

There’s even one better...If you have amazing credit, you can actually purchase a home with as little as 2% down. This makes it a ratio of 49-1 ratio, not just 19-1.

Free real estate investment education at

https://www.facebook.com/teamkander/