Investing in Real Estate Could Be
(even in these market conditions)
a GREAT wealth building tool.

 

Here are some strategies that are shared in the book "HOLD" written by Gary Keller

The Power of Leverage

Leverage is using other people's money (banks, mortgage companies, and owner financiers) to make money. Leverage multiplies your profit.

The Power of Leverage in real estate investments: Equity Build up

1. At the time a property is purchased you are at Market Value - little equity, little investment (20% down) and a lot of debt.
2. After some time, your Equity begins to grow. Your investment is still the same at time of purchase, and your debt is going down.
3. The equity begins to build while the debt is going down
4. eventually, when you have paid off the mortgage, your market value has gone up, your debt is gone, and all you have left is equity in a property that is worth more than it was when you bought it, and your investment never changed.

Contact The Korn Team if you would like to see the graphic of what this looks like. Remember, it is about doing it RIGHT!

• Buy it RIGHT!
• Pay it down
• Pay it off

Click Here to Find Your Propportunity (property opportunity) Now

Investment Tip from The Korn Team

Here is a recent response to one of our investors that buys and flips homes. We are currently listing a property (which they did make a good investment on) and wanted to give him some additional tips to consider for the next property he purchases.

One thing I may have mentioned in the past is to really keep your eyes open for 3+ bedrooms with at least 1 1/2 baths. When considering a one bath home you will want to be getting a SUPER SUPER good deal, and/or if you plan to ad a 1/2 bath, then I would be careful on those properties. There are so many 3 bedrooms with more than one bath currently for sale, and it really does seem to take longer to sell the one bath homes over the 1 1/2 plus bath homes.

Garages are another HUGE plus! Even having a one car garage has much more demand than a home with no garage.

Good luck investing. If you would like a list of the investment values in Kansas City, just give us a call at 816-224-KORN (5676) and we will sign you up for our FREE Instant Notification Program that will email you properties the day they become available.