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Tricks of the Trade

Gtp2

TRICKS OF THE TRADE

  • Make a small down payment
  • Borrow from the seller rather than the bank if possible
  • Look for properties that are divisible, after a year or two, sell a part of the property. Or buy multiple properties to start with. To pay off the mortgage.
  • This helps with cash flow & exposure in a down-turn.
  • Look for undervalued properties
  • Find owners who need to sell right now, make a low offer & buy it
  • Look hard for property that will change zoning use in two years or less.
  • Think of ways that you can cause a change in use or demand increase, be creative.
  • Beware of properties where high demand, or change of use may be very long.