I hate the word “cheap.” I really do.
Not because it sounds well, cheap, but because it’s ambiguous. It’s open to interpretation, and when it comes to real estate, I don’t like gray area. I like to know what I’m dealing with and where.
To be honest, “cheap” turnkey properties kind of freak me out.
A property can be cheap because it’s a low price for the marketing you’re buying in, or it can mean cheap because you could never find that house in your market. It really doesn’t matter.
What you need to be sure of – as an investor – is that you’re choosing properties that are the right price for your market.
Hey Moguls, it’s Chris Clothier back with another lesson on choosing the right house for your market, so let’s talk properties.
Look for Value
But first, we need to define (for real) the word “cheap.”
You hear investors throwing the word around constantly as if it’s appealing.
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Chris Clothier
owns and operates three multi-million dollar a year marketing brands including 1-800-SELL-NOW, Find Cash Buyers NOW and Find Private Lenders NOW; each brand, under the REI Marketing umbrella, is designed to help real estate investors and agents reach a specific marketing niche.