Sunday, July 01, 2007

I have been investigating the property trading scene in my area over the last 2 months and have been away from my computer. However I'm back now and I just want to share what I've been up to. Trading properties is certainly a great way to get some cash flow happening, especially in these times of high interest, high prices and low rental returns. I have linked up with a couple of traders who sell 2 or 3 houses a week making about $10,000 per sale and have managed to pick up a bargain or 2 from them. I am doing this with a business partner and this means we can spread the load. There a 3 things I have picked up on. Firstly, you need to make sure the correct structures are in place, secondly that you know your area so that you know you are getting a good price, and thirdly that you sell it yourself below valuation so that you not only get a decent profit for yourself but for the person who is buying it off you. This creates a win-win situation.
And do it quickly because turn-over is the name of the game. One other crucial factor is to not get greedy. Afterall if you can make $5000 a week trading properties that's $250,000 a year so why hang out for a couple of extra thou when this could cost you in time and money.
Happy investing and remember if you have family or friends who are interested in property investing send them to