Help With Investing - Selected Resources For Help With Investing

by Steve Gillman

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

Yahoo! News Search Results for help investing
Yahoo! News Search Results for help investing

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Heuristics and Investing (Guru Focus)
16 Mar 2010 at 6:47am
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15 Mar 2010 at 8:32am
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Shariah Investing: Focusing on Fundamentals (Zawya)
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16 March 2010 In previous reports, we have discussed two broad assumptions: The first being that Shariah investors would continue to benefit from a lack of exposure to the volatile financial sector.
Are Ireland's banks a steal? (Haaretz Daily)
16 Mar 2010 at 8:04pm
Investing in companies in crisis is a risky business, but it also proffers the potential of handsome gains. But the way you gauge investment in shares or bonds of troubled companies should be completely different from the way you examine potential investment in healthy companies.
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15 Mar 2010 at 10:31am
5 states have just weeks to craft plans to spend $1.5B to help struggling homeowners Business - Investing - Funds - United States - Foreclosure

Creative Real Estate Investing Techniques