Winning Strategies and Opportunities for Value Oriented Real Estate Investors!
"Now is the time to lay our foundation for value creation. Now is the time to pick our spots. Now is the time to rummage through the distress in the marketplace and find opportunities. Now is the time, my fellow value investors, to put on our Value Hound suits and get in the game. This book will help you learn new ideas to take advantage of today’s value real estate investing opportunities so that you can achieve financial independence. Whether you are a new or experienced investor, this book uncovers the inside game of value real estate investing and the strategies you can use to create value and make more money with your real estate investments."
"Finding a great deal is at the very core of buying real estate value investments. Keep your investments simple: Find a great deal, find investors, add or create value, and then hold or sell the property for a profit. Conduct a complete and thorough investigation of the property’s physical condition, operations, and financial condition to avoid surprises. Surround yourself with the very best experts who know what they are doing. Prepare a partnership agreement that spells out in detail what is expected of everyone. Plan for more capital reserves than you expect; add 20% extra to what you initially plan."
"Timing the real estate market is the most critical component to the impact on the performance of your real estate profits. Contrary investing works because human nature is the same everywhere: most people are followers, not leaders. In the real estate investment market, the 'herd' buys after prices have already risen, and sells after prices have already fallen. Contrary real estate investors understand where we are in the cycle so that they know when to buy low and when to sell high. A contrarian investor looks for important market reversals when the overwhelming majority expects the prevailing trend to continue. Timing the real estate cycles is the most critical factor in determining the success or failure of a real estate investment."
"Finding the Deal: Where to Look for Value Opportunities. Many investors mistakenly think that good deals are found through luck or by having insider connections. In reality, great value investment opportunities are found through systematic processes, research, perseverance, and a defined acquisition strategy. It is a methodical game of matching your criteria with market opportunities. Focus on building a steady flow of leads by tapping into multiple sources: brokers, lenders, property owners, partnerships, auctions, and distressed sellers. Develop strong relationships with experts who constantly work the market and can tip you off to opportunities early. Analyze dozens of deals consistently. The more deals you look at, the better your eye will become at spotting value. Be patient but persistent; opportunities often come after seeing 50 or more deals. Most importantly, be ready to act decisively when you find a good one. Fortune favors the prepared."