| Year Built: | 1961 |
| Year Built: | 1961 |
| Parking Space: | 20 |
| Year Built: | 1961 |
| Parking Space: | 19 |
| Year Built: | 1961 |
| Tot Bldg Sqft: | 15263 | |
| Land Sqft: | 30056 |
| Year Built: | 1999 |
| Pkg Spc: | 65 |
| Description: | NEWER IMAGE FREESTANDING BUILDING EXCELLENT CENTRAL CITY OF INDUSTRY LOCATION UNINCORPORATED LOS ANGELES COUNTY TWO STORY OFFICE/DOCK HIGH AND GROUND LOADING EXCELLENT OWNER/USER/INVESTOR USE. |
Many have become millionaires without investing any money down! Real estate investments are indeed better moneymaking tools than even stocks and bonds. Invest in real estate and watch your assets building silently, perhaps even making you a millionaire.
Many people have wondered how to make millions in real estate investing and if it is possible at all. It is very much a possibility if you are savvy enough and have benefited from gaining knowledge by reading appropriate books, e-books, magazines etc. that will guide you in your real estate investing career.
Making Money Investing In Real Estate
It is true that experienced and proficient investors have raked in amazing fortunes perhaps even by investing no money down! They use creative real estate investing techniques that make it possible for amazing success stories. There are several methods of investing that they adopt, flipping, lease options, seller financing, taking over the mortgage, tax liens, foreclosures, rehabbing, investing in notes etc.
Some investors find a property that is in need of repairs buy it at a discount, and quickly resell it for a considerable profit after fixing it up. Let us say there was a property worth $100,000 and needed repairs value at $20,000 that the owners are not able to afford. An investor who specializes in wholesaling or flipping will negotiate a price of say $70,000. The repair work will be taken care of keeping expenses within their budget and once they are done, they will sell the property for say $110,000. That is a cool profit of $20,000 on a single deal. Most of them do a minimum of 4-5 deals a month.
Investing in Notes has also been another area that has been extremely profitable for an experienced investor. Some investors look out for discounted notes and utilize them creatively. Let us say a person had a debt and owned a note worth $300,000, but as he needed the money immediately he settled for a price of $260,000.The investor has made a profit of $40,000. This gives you an idea of how to make millions in real estate.
Rehabbing or fixer upper properties are another way to make a fast gain. Let us say there was a house valued at $400,000, but that it was in almost dilapidated condition. It had repairs worth $50,000. An investor buys it for $300,000. He fixes the property and sells it for perhaps $420,000 a cool profit of $70,000.
People have also made fortunes investing in tax liens and foreclosures. Liens are safe investments that earn passive income or may even fetch a property valued considerably higher than the price of the lien. It is a possibility to buy a lien at $8000 and end up owning the rights to a property worth $90,000!
Some people choose to invest in real estate such as rental income property and wait for the land to appreciate before they may want to sell it at a hefty profit. Many people investing in commercial real estate properties such as multi-tenant properties with a triple net lease just have to worry about how they will spend their money!
Investing in real estate is not entirely without risks, but if you are well prepared, are knowledgeable and choose wisely you may indeed learn by experience how to make millions in real estate!
As in any other type of investment, its obviously advisable to do your research well so that the property you invest in generates you a good residual income.
What is a commercial property? Properties such as hotels, malls, retail stores, business complexes, medical centers and industrial properties are commercial properties. Any property, which is used to earn an income and make a profit, is a commercial property.
When a real estate investor invests in commercial properties, he does so with the intention of selling it to other businessmen or even renting them out. Commercial real estate is really booming because of the demand. Every other day we see a new mall being built, or maybe even a brand new industrial coming up in the heart of the city. Nowadays it seems even hotels come up overnight! One wonders where all the space is coming from! But the point is, if such properties are being developed, the demand is obviously there! Its because of this demand that investors are showing a keen interest in investing in these properties.
Apart from the demand of course, there are other advantages to investing in commercial properties. The rentals yielded from a commercial property are much better than those you would yield from a regular residential property. Real estate is where the money is, and of course the first thing you look out for when youre investing is whether its going to be to be a profitable deal. When you invest in commercial properties, youre bound to make good money by renting out your property.
The profits made from a commercial property are obviously incomparable to any other type of property. The very word commercial should explain this. When you invest in residential properties, you will either sell it off once and far all and reap a good profit, or earn from your monthly rentals. However, when you invest in commercial properties, whether you sell off a piece of property or rent it out, youre bound to earn much more, because these properties are being used for businesses of some kind, and hence the worth of these properties is much more!
If youve invested in stocks and bonds, then let us tell you that investing in commercial properties is just as lucrative. While stocks and bonds are a fluctuating market, and many are wary of investing because of this flux, real estate is a more stable market. As already stated earlier, commercial properties are highly in demand and this demand is only growing. Hence, investments in this sector are also growing and if you do a proper market survey and keep the basic rules of real estate investment in mind, youre sure to get yourself a great deal!
You have probably heard that getting into the real estate business is a great way to make money. Thousands of people have joined this real business in order to make money. And a lot of these people have turned themselves into self made millionaires. I know you will like to be next in line? The good thing is that making money in the real estate industry is more than possible. If you know how to get started and make the right decisions, you can make tons of money.
Before you get too involved as a real estate agent, you need to ask yourself what you want to do. There are many ways to make money with it but you will need to plan your route early on.
Real estate investing can be done in two ways. First off, you can buy a piece of real estate, fix it up and then resell it for a profit. This is a great way to make money if you know how to manage what you are doing. Also, you can buy a property and then rent it out. The advantage to do this is that you will have a monthly income coming in from each property that you own. If you have enough property making you money each month you will never have to work again and the only thing you will have to do is make sure each property is well kept.
Unfortunately, getting started is not quite as easy as it may sound. Sure, all you need to do is buy a piece of real estate but after that things can get a bit tricky.
After you have a piece of real estate in your name the real fun starts. You will need to get it up to par and then make a decision on what you want to do with it. Either way, the property will have to be in good enough shape to sell or rent out. For this reason you will probably have to do some repairs. Are you handy enough to make these repairs on your own? If so, you can save yourself a lot of money. But if you are not, you will have to hire somebody to help you out. This is not a problem but it can cut into your overall profits.
Getting into the real estate business is one of the best ways to make money in todays day and age. Many people have turned to this industry as a full time job. And a lot of these people have made millions of dollars. If you want to be next, jump into the real estate business today. You never know what could happen.
| dditional Property Features | ||||||||||||||||||||||||
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| Property Description: |
| Automotive, body shop or auto-repair facility excellent street frontage corner of Valley Blvd./7th Avenue. 18,500 sq. ft. concrete paved parcel gated and secure property. Excellent opportunity to own your own property. Secure excellent opportunity to own property. |
Features: |
| Air Conditioning,Automotive/Service Stations,Fee Land,Fenced Yard,General Office,Ground Level Doors,Retail |
Shows depicting real estate investing strategies are extremely popular and make turning a profit look simple and guaranteed. What they do not show you, though, is that the world of real estate investing is fraught with danger and that losing money is very much a reality. Yes, there are investors who make a great deal of money because of their investments, but profit does not come easily to even the most experienced investors. They work hard and make sacrifices daily to make their dreams a reality. To find out if you have what it takes to be a serious investor, you should consider several things.
The first thing that you should consider involves time and how much of it you can devote to your real estate investing project. Many investors are still able to hold down full time jobs while dabbling in investments, but they still have to devote a good bit of time to make their investment successful. If you do not have the time to invest, maybe an investment that requires little or no involvement from you would suit you better.
Real estate deals are also very stressful. From the moment you start looking for a property until the moment that you sell it, you will be faced with numerous decisions regarding your property. You will have to deal with contractors, real estate agents, lawyers, and potential buyers. And not everything you do will go as planned. If you cannot handle stressful situations, real estate investing might not be for you.
Real estate investing also takes a great deal of initial investment capital. While you can finance part of your venture, you will need to supply at least part of the money needed to purchase the property and do any necessary repairs. If you are limited in this area, you will need to look for ways to raise the needed capital or look for investments that require less of a start up commitment.
In addition to making these considerations, you should also be prepared to research and study the real estate market in your area, the tax laws of your state, and numerous laws regarding real estate transactions. You will even need to research individual properties before you purchase them. Again, this takes a lot of effort and commitment on your part.
If you are willing to make the commitment to see each and every real estate investing venture through to its successful conclusion, there is a large reward for you at the end. But the reward does not come easily. You will have to invest your time, energy, and resources to make it happen. Are you up for the challenge?
