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Real Estate Investing Strategies That Work Every Time

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Real Estate Myths

Updated April 13, 2024. There are a lot of myths in real estate investing. One of these myths is the most successful real estate professionals have perfect timing. However, if you think of this, it is absolutely not true. This would mean that these “professionals” buy when the economy is down and sell when the economy hits the absolute peak. Well this my happen sometimes, but the vast majority of the most successful real estate professionals apply specific strategies that always work. Here are three real estate investing strategies that work every time.

Three Strategies That Work

These three real estate strategies are: residential rentals; wholesaling; and fix and flip. These three strategies are among the most popular real estate strategies that produce consistent results regardless of the timing. Think about this for a moment, when you are doing your best financially it is usually in a good economy. Why? The prices of real estate are going up. For example, right now in January 2020 the prices of real estate are trending higher.

The Secret For Real Estate Guru’s Timing

The question is: how can you time it so that you can buy when the prices are low and sell when the prices are high? Well…

You can’t do it. It doesn’t make any sense unfortunately. You cannot take advantage of something like that. Clearly, you are not in that type of situation. If you think about it, it is really impossible to predict the future six months or a year from now.

The Future Is Not As Certain As The Past

Everyone knows the past. But how about this: right now are we in a real estate bubble? Some will say yes and others will say no. The point is no one has a crystal ball and can predict the future. No one really knows until we can look back six months or a year from now and can see what really happened.

What makes these strategies so important is that regardless if you have enough money in your pocket, and regardless if you can time the market, you can do these three strategies to increase your wealth.

Gain More Wisdom As Time Passes

As you get older you get smarter. You gain wisdom, knowledge and understanding. So with each year you are better and have more tools to be a real estate investor. Therefore, with each potential year you can apply the wisdom you have gained so you can apply it quickly to each house or apartment.

These three strategies will transform the way you look at real estate investing in the future. That way you can apply them at any moment in time. Then with more experience you will get better and better at them over time and become successful.

Here Are The Three Real Estate Strategies

Let’s get back to the three real estate strategies. This is my blueprint of the three real estate investing strategies that work every time and in any market. So our strategy is a combination of residential rentals, wholesaling and then balance that with rehabs to resell.

Residential Rental

The first one is rentals. But more specifically we am talking about residential real estate where people live in the property. People always need a place to live in good times and bad times. Typically when the economy goes down more people will rent. Residential rentals will always work if the numbers work. In fact, buying rentals will increase a person’s wealth more than any other strategy out there. If you do this correctly, are you ready to be a millionaire??!!

Need For More Capital

But the problem with rentals is that you need money. You need money for the down payment, money to fix up the house in some cases, money in the form of something like a line of credit so that if a tenant doesn’t pay you have to pay the mortgage temporarily while you evict and the related legal fees.

Wholesaling

This is where wholesaling comes into place. You put a property under contract directly from the seller. There are no agents listing the house on the MLS, these are off market deals. You go directly to the seller and made a deal.

Then you need to resell the property to a retail buyer or an investor. Basically you’re getting the property under contract at a wholesale or lower price and then you sell the property to another investor or at retail. Look to buy single family residences if possible. We recommend single family houses because they are the most plentiful. But depending on your market this could be apartments or condos. Here is the good news, in this real estate market right now, this strategy is working very well!

Right now, after 2018 and 2019, when a lot of people made money in the stock market, people are looking at real estate after the shakiness they saw in 2019 in the stock market. A lot of these people are in there 50’s or 60’s and are looking to invest their money wisely and some are looking to park their money in real estate.

When selling the wholesale properties, look for what are called sucker buyers. These are people that will offer you the most for the house that you have under contract. These people are willing to pay ever more for the house than you know it is worth.

If the dollar value from these buyer’s is the best price for the house, ask if they have all the documents to do a mortgage with a lender. Also, be sure to ask if they have approval for a mortgage. Obviously time is of the essence.

90% Of Investors Only Do 1 Deal

Have you heard that over 90% of real estate investors do one deal only? One deal! This means that only 10% are doing one deal after the other. The 90% may have lost money or not make much money. These 90% come in and buy one house. They go fix it up themselves. Then they realize it was a lot harder and a lot more work than they thought. Then guess what? They go and move on to something else in life.

So these 90% are always new people every time you wholesale a house. Can you believe it?! Remarkably this is very much the case. Therefore, take advantage of this never ending source of retail buyers!

Wholesaling Will Always Work

Wholesaling will always work because there will always be new people wanting to buy houses to fix them up. On top of this, houses are always deteriorating over time. For example: bad roofing, exteriors, the look of the houses is constantly changing, floor styles, paint colors, kitchens, bathrooms, etc.

Houses always need to be remodeled on a consistent basis. Always. If the houses are not constantly being maintained and improved, then the house becomes more difficult to sell and falls into the wholesaling category.

There are people that are looking to buy real estate thinking they are going to get rich quick. You absolutely cannot lose if you buy these wholesale houses at the right price. These three real estate investing strategies that work every time are a no-brainer, win-win-win situation!

Fix & Flip / Rehab And Resell

The third way to make money on houses is fix and flip or it is also called rehab and resell. This is where you buy the house, fix it back up and resell it. The reason why this always exists is again the fact that residential real estate is always deteriorating. Once you buy the house and get everything in your home, generally people are reluctant to fix everything.

For one thing, it is expensive, and it is a difficult task when you have all of your stuff in the house already. So the majority of people that buy homes normally don’t fix them up continuously to keep the market value increasing as the housing that are looking to be resold.

Look For Distressed Properties

There are always going to be deals in the real estate markets. One reason for these deals is that something happened that is completely separate from the market. These are what we call personal issues. A perfect example of this is a grandparent passes away and deeds the property to a son or daughter.

In case the son or daughter is extremely happy, but a lot of the time the son or daughter is broke financially and doesn’t have the money to handle this house. Often the son or daughter just wants money and they want it right now.

To top it off, the person who owned the house originally hasn’t done repairs in a long time. The house is old and outdated. This is a personal issue that is always going to exist. There will always be people passing away. This creates a consistency that will always need to be filled.

You may have the question of “What if I am in a market that is no longer hot. When people are no longer selling their houses for top dollar. Properties are sitting on the market longer. How do I buy a property and make sure I can do the rehab and resell and still make a profit?”

First of all, it is very important that you move quickly. You have to have all of your contractors lined up and ready to go. If you are not in a position of rehabbing the property in one to two months and get the property back on the market, you want to consider wholesaling.

Put Houses Back On The Market Quickly

So be careful about sitting on a property. One thing is fixing the property as fast as possible. The other factor is how fast you sell the property. You need to put the property on the market for as low of a price as possible. By doing this, you can generate instant offers. It has got to be fast. The rehab and resale of the property will always work consistently as long as you move fast.

If you need to get permits and other government documents you better consider your options. Sometimes the government is going to take months to approve things. That will slow down progress substantially. If you work on a property for six months, let me ask you a question. Do you know what is going to happen six months down the road? The answer is no. I have no idea what the economy is going to be like six months in the future.

Sometimes you can get fortunate when the market continues to go up. You can make a lot of mistakes in the last few years and still come out nicely when the market continues to go up and you have been able to fix your own problems. But now certain market in the upper price points things are not like that anymore. Builders have built enough inventory. An example is the coastal markets in the United States, especially in the west coast where prices have leveled off when you get up above the prices for affordable houses. You tend to see a lot more inventory in the luxury house markets, so be careful.

Do All Three Strategies To Create Wealth

There are a lot of myths in real estate investing. However, the vast majority of the most successful real estate professionals apply specific strategies that always work. We hope you liked my blueprint of the three real estate investing strategies that work every time.

What is nice about wholesaling is that you have a lot less risk. The problem with wholesaling is that you don’t make as much money. You will make a fraction of the price that someone is going to pay in the end to own the house. When you buy a property wholesale, then rehab and resell the property you are selling to a retail buyer. Retail buyers pay the most money. So you can make more profit.

But wholesaling has less risk. So a strategy that works very well is a combination of wholesaling and then balance that with rehab to resell. This way you are always flipping properties. With this strategy you can build up enough cash and capital so that you can start buying some residential rental properties. The residential rentals can then create long-term wealth.

What popular articles and blogs do you recommend?

Further Reading on FinancialGoodness.com: For more articles and blogs on real estate investing, check out our guides to Boost Your Rental Property Cash Flows and the Best Real Estate Strategies To Make 7 Figures. These strategies will help you build wealth as a real estate entrepreneur.

If you are interested in Becoming A High Net Worth Individual, please read my blog and watch the YouTube video by a fancinating guy named Andrew Hendersen, founder of Nomad Capitalist. He believes that the world has changed forever and says it’s time for you to “go where you’re treated best.”

These three real estate investing strategies that work every time are the keys that have made real estate investors very wealthy. They are the win-win-win strategy to real estate wealth. I have made very nice profits with these property strategies and I am sure you can too. Until next time, best wishes!

Last Updated on April 13, 2024 by Financial Goodness

Financial Goodness

George Alexander Roy III and our team are experts in helping you to seek wealth through investing and tips on how to succeed. Join us at FinancialGoodness.com to increase your knowledge through education in the areas of personal finance, real estate, and investments. George has been an owner of a real estate investment business that focuses on wholesaling, fix & flip, and long-term buy-and-hold property strategies with a consistent increase of annual revenues. Consequently, as an entrepreneur, researcher, writer, and speaker he has sought the truth in everything he does, no matter how difficult. Hopefully this value and service will help each person achieve their financial freedom sooner.

About The Writers

About The Writers – Long Version

Updated April 13, 2024. Hello, my name is George Alexander Roy III. I would like to share a summary of About The Writers.

I started Financial Goodness in November 2019. Many years ago, I started working as a home builder and remodeler. Eventually, I earned my master’s degree in Real Estate Finance and Development from the University of North Carolina Charlotte. Most importantly, I envisioned helping people achieve their financial freedom sooner. Basically, I realized that I had the discipline to write about my favorite subjects consistently and I decided to go for it!

It is now a pleasure that our team has agreed to help in writing the blogs and the management of running the website FinancialGoodness.com. I am very thankful for the support. Please join us at FinancialGoodness.com to increase your knowledge through technology and education in personal finance, real estate, and investments. 

As a result, we are looking forward to increasing the information, value and the number of the blogs that we have available for our readers. At the same time, we understand that people search the internet daily for solutions to the many problems that we face on a regular basis.

If you would like to know more about the writers, please read the other blog About The Writers.

Create Wisdom and Knowledge by Reading & Learning

Here is a brief summary of myself, George Roy III. In short, I was determined to achieve and finish the impossible dream of earning a bachelor’s degree. Previously, I tried college after I completed high school. However, I was not sure of my direction and I doubted myself. As a result, I started working as a residential construction assistant and I did a tour in the US Navy. However, I was not very clear on what to do in life.

Nevertheless, after a while it became clear that I needed more in-depth classes if I really wanted to excel in life. So, I decided to go back to school. In particular, I made the decision to go all out and I dedicated myself to doing my very best at it. To make a long story short, eventually I did it.

At first I went to Corning Community College in Corning, NY. There I completed a math and science concentration and graduated with “High Disnstinction” honors after achieving a 4.0/4.0 GPA. Finally, I had earned my Associates Degree and prove I could do it! Right away, I applied to a handful of schools to complete my bachelor’s degree.

About the Writers – Discover Your Niche

I am so thankful and honored that I was accepted at Cornell University. With an acceptance rate of only 10.6%, Cornell is set apart in the fact that it was founded on principles of access and inclusion. In addition, I am thankful to graduate from an institution where the fields of study are so broad. It was definitely a challenge to choose from the awesome assortment of classes each semester.

Furthermore, I discovered I have a huge interest in environmental problems like global warming, air pollution, urban sprawl, waste disposal, ozone layer depletion, water pollution, climate change and many more issues that effect every human, animal, and nation on this planet.

I graduated from Cornell University in Ithaca, NY, with a Bachelor of Science degree in human development from the College of Human Ecology in 2004 with a 3.61/4.0 GPA. In addition, it was a privilege to be on the Dean’s List.

After graduation, I moved to the Charlotte, NC area to be an entrepreneur and start an eco-friendly window business New Windows For You. I managed and grew the sales of the eco-friendly window replacement business by 300% by implementing a multi-faceted business development, marketing and advertising program. Particularly, that marketing and advertising program communicated the energy conservation and utility cost savings associated with Energy Star rated insulated windows. I managed and operated this business for two years.

Surround Yourself With Intelligent People

However, having built and remodeled houses in Upstate New York, I was always watching the real estate market around the Charlotte, NC area for potentially great wholesale deals to flip. when I found a deal, I would purchase the house and then do a full renovation on the house and then put the house back on the market as a completely remodeled home to sell. I was grateful that my homes could compete head-to-head with the new homes that were for sale on the MLS.

The best thing about doing investments on houses was: I loved it! I had so much energy and enthusiasm that I was excited to get out of bed and give it my best effort each day.

Started A Residential Real Estate Company

In June 2006, I started the day-to-day operations of a residential real estate acquisition and redevelopment company.  Specifically, I carried out a strategic plan through marketing and network relationships to buy, renovate, and resell distressed residential off-market and pre-foreclosure houses.

In 2012, I decided to work on completing my Master of Science in Real Estate (MSRE) part-time at the University of North Carolina at Charlotte. Since 2012, I have maintained the LEED Green Associate credential for demonstrating green building expertise in green design, construction, and operations. I graduated in 2015 from University of North Carolina at Charlotte with a master’s degree in real estate finance and development with a GPA of 3.58/4.0.

Travel Experience In Rio de Janeiro

Part of the real estate master’s degree program included an international city study tour. In the summer of 2013 our class visited Rio de Janeiro, Brazil. As part of the tour, everyone had to do an in-depth research report on a topic that interested them. I was extremely interested in the emerging markets in Brazil, but also in the other emerging markets in other countries from South America as well. My research report was entitled “Managing the Regulatory Environment When Participating in Real Estate Development Projects in the Emerging Markets in Brazil.”

The emerging markets in 2013 in Brazil were impressive, with multi-national companies setting up temporary headquarters in Brazil with the Summer Olympic Games that would start in 2016. A number of real estate companies were busy constructing temporary apartments and building multi-sport structures for the events.

Moving To Colombia, South America

My wife is originally from Colombia, South America. Even though we met in the USA, I was curious to see what the real estate emerging markets looked like in other countries in South America, specifically Colombia.

My family made the big decision to move from Cahrlotte, NC to the area of Bogota (Bogotá), Colombia, South America in December 2015. Fortunately, my family had just completed paying for a small condominium / apartment in the new apartment building on the site where my wife’s parents live in Colombia, South America.

Previously, we had torn down the old house on a plot were my wife’s family used to live and converted the lot to a new three story condominium building. As a result, we now live in an apartment in the apartment complex that we had built in Mosquera. Mosquera is right outside Bogotá, the capital of Colombia, in a city to the west of Bogota.

Consequently, living in Colombia, South America, there are a number of positive factors including a booming economy, rising tourism, and an expanding middle class that translates into amazing real estate investment opportunities in Colombia. I will delve into these real estate topics in forthcoming articles.

Think Of Knowledge As A Tree

Recently I have been reading and listening to a lot of entrepreneurs. One of those entrepreneurs is Ryan Danial Moran. This guy is a genius. He said in a recent YouTube video presentation:

“You have to have a stake in the upside of something. The way that you have the upside is through ownership. You have to claim something as yours, or nothing ever changes. When people start looking for money, they see people as the barrier to the money. This is not how it works. The world does not reward that. What the world rewards is service to one another. Creating things that are of value to other people. As a result other people will voluntarily want to pay for that thing. There is no system, no hack, and no step by step process.”

“Except for this. Strategically position yourself to be always in the position of creating value in service to other people. If you want to make a lot of money, the way that you operate in service to other people is to look at what they are paying attention to. In the form of their time, their resources, and their dollars. And you go create where that attention is. You create a product, a service, an opportunity, content, and you create value. Create connection and relationships. You create FOR PEOPLE.”

These are some awesome words of wisdom! The world rewards service to others by strategically positioning yourself to create value in service to other people…. True wisdom.

Discover Your Passion In Life

So here we begin. Welcome to my blog. To sum everything up in the About The Writers section, our goal is to write about a multitude of financial topics that will help each person to achieve their financial freedom sooner. But more importantly, discover your passion. Passion is what motivates you to do the things you love and then do something extraordinary. Therefore, I challenge you to something extraodinary with the time you have on Earth.

Best wishes to all!

About The Writers: George Roy III – Short Version

My Past Resume

*Worked hard and received my bachelor’s degree from Cornell University studying human development.

*Received my master’s degree from the University of North Carolina at Charlotte in real estate finance and development.

*I learned a long time ago to never, ever give up. If it looks like you are facing an uphill battle, dig in deep and find every resource that can give you an edge. Then start progressing toward your goal until you finally achieve it.

*I like to write about the topics that interest me the most. These topics include: real estate; attractive financial products; the stock market; renewable energies and design solutions to rethink energy while protecting the environment; and retirement planning. Also I will keep the options open if another topic related to financial goodness looks like it could use more contemplation.

*Lived in three different countries: USA; Canada; and Colombia, South America. As of 2019, I have visited the beautiful cities of Rio de Janeiro, Brazil; Medellin, Colombia; London, England; Paris, France; and Madrid and Barcelona, Spain.

* In the USA, I have lived in Corning, NY; Orlando, FL; San Antonio, TX; Los Angeles, CA; Ithaca, NY; and Charlotte, NC. On the west coast, I have explored San Francisco, Santa Barbara, Los Angeles, San Diego, and Las Vegas. On the east coast, I have visited Lake Placid, NY; Boston, MA; New York City; Washington D.C; Wilmington, NC; Myrtle Beach, SC; Charleston, SC; Atlanta, GA; Savannah, GA; Fort Lauderdale, FL; Deerfield Beach, FL; Miami, FL; and St. Petersburg, FL. I have toured the beautiful city of Boulder, CO at the foothills of the Rocky Mountains.

*In Canada, I have seen Toronto; Halifax; and St. John’s, Newfoundland. In Mexico, I scuba dived in Cancun and Cozumel.

My Current Resume

*English is my native language. Gradually been improving my Spanish since my family moved to Colombia, South America in December 2015.

* My family currently lives in Mosquera, next to the capital of Bogota.

*Reading the news every day to see what is happening in the world.

* 14+ years of well-diversified real estate experience in the areas of project and asset management, acquisition, investment, strategic planning, development, and property ownership.

*I love physical fitness and have been an avid power lifter ever since I first held a weight at 15 years old.

*Go to the gym two to three times a week where I focus on weights and cardio exercises.

*Have a mountain bike and enjoy taking it off-road to see this beautiful Earth that we call home.

*I was the victim in May 2014 in a carjacking aggravated assault with an unknown gunman. I almost died. I spent five months in hospitals where I worked on regaining my health. My connection to God was forever strengthened as a result of this tragic incident. As Denzel Washington said in delivering a commencement speech “put God first” in everything you do. As a result, I put God first in all my decisions.

*I am a morning person. I sleep well every night. When I wake up I have a lot of energy each day to work on making my goals in my mind a reality. After lunch I usually rest for 30 to 60 minutes to get my energy back.

*Dad to our daughter in 2008. Don’t see my son from first marriage, so I pray for him every day.

*Love entrepreneurship and am fascinated by the potential opportunities that surround us every day.

*Launched Financial Goodness (FinancialGoodness.com) in November 2019. Wanted to create value and help people achieve their financial freedom sooner.

About The Writers: Contact Info And Address

Please feel free to contact us for radio; podcasts or written interviews; or other advertising or telecommunications opportunities.

We look forward to helping a reporter or a broadcaster out with local or regional news conference(s).

We use teleconferencing to hold discussions between participants in separate cities or in different countries. Familiar with the various technologies such as Zoom, WebEx, YouTube video blogs, and Live Video Stream on Facebook. We look forward to creating more services that are of value to you.

Writers Email:

admin at financialgoodness dot com ( Please DO NOT add me to your blast lists)

Writers Mailing addresses:

Currently, we am living in Colombia, South America but the US mailing address is much more reliable.

Writers USA address:

Please send us an email at admin at financialgoodness dot com and ask for our USA address.

Writers Colombian address:

We currently reside in Mosquera, Cundinamarca, Colombia. Therefore, if you live in Colombia or surrounding countries and would like to send mail directly to us, send us an email so we can coordinate a courier service.

Best,

George Alexander Roy III – “Seeking Wealth Through Investing”

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Last Updated on April 13, 2024 by Financial Goodness

Financial Goodness

George Alexander Roy III and our team are experts in helping you to seek wealth through investing and tips on how to succeed. Join us at FinancialGoodness.com to increase your knowledge through education in the areas of personal finance, real estate, and investments. George has been an owner of a real estate investment business that focuses on wholesaling, fix & flip, and long-term buy-and-hold property strategies with a consistent increase of annual revenues. Consequently, as an entrepreneur, researcher, writer, and speaker he has sought the truth in everything he does, no matter how difficult. Hopefully this value and service will help each person achieve their financial freedom sooner.