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Ground Rules for Successful Investing
Up to about 20 years ago, share investing was purely in the domain of the wealthy. For most people it was difficult to trade in overseas stock exchanges, there were no such thing as cash management trusts, installment warrants, exchange traded...
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15 Common Investing Pitfalls
We touched briefly about common investing pitfalls here. Here is a more comprehensive list. Some of it may happen to the more experienced investors as well. This serves as a guide for Novice Investors:
Investing with debt. You should not invest...
Your Worst Enemy To Successful Investing - The Media
How do you make your investment decisions and where do you get your information? If you're like most of the people I know, you look to the experts. That's fine, however it's important to be aware that for every expert, there's an opinion...
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Emotion In Investing
Humans are all emotional being. We do not always make decisions
rationally. Emotion is part of us as investors. Investors might
feel better towards stocks at certain point or they might feel
that owning stocks are risky and avoid it at all...
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Creative Real Estate Investing Techniques
With a job that paid $3.40 an hour, I saved $5,000. I used $3,500 of it to buy my first piece of real estate - 2 acres near where I lived. As you can guess, this was many years ago.
A few hours removing brush, and it was ready to sell. I hand-painted a sign, and two weeks later sold the land for $4,750, with $250 down, $100 per month, at 11% interest. With the capital gain, my annual return on investment was over 20%. Not bad, for my first time investing in real estate.
Creative Investing Means Solving Problems
I bought the land a little under market, because the seller needed fast cash. Problem one solved. I sold the land a little over market value because the buyers needed easy terms. Problem two solved. Creative real estate investing is about solving problems.
Radio stations and others need hill tops for their towers, but can't tie up their capital. One creative investor got options on hill top properties for a few hundred dollars, then found those who needed them, and signed long term leases. With the leases in hand, it was
easy to get financing to buy the properties. He invested a few hundred dollars to create years of income.
Lumber mills need trees. A friend of mine helped solve this problem by letting a company cut trees on his small property. They paid him $4,500, and you know what? I couldn't see the difference when they were done. The property is residential, and was worth as much the day after the cut as the day before. He lived there, but a creative investor could buy property like his, sell half the trees, maybe clay or gravel too, and then re-sell the land.
What do people need? Easy terms? Cleared lots? Lumber? Better access to a piece of property? Smaller pieces of land? Condos instead of apartments? The list goes on. When you think creative real estate investing, think problem solving.
About the Author
Steve Gillman has invested real estate for years. To learn more, and to see a photo of a beautiful house he and his wife bought for $17,500, visit http://www.HousesUnderFiftyThousand.com
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