Money For Lunch – How A Jack-Of-All-Trades Can Make Money In Real Estate

How A Jack-Of-All-Trades Can Make Money In Real Estate

December 17, 2015 5:26 AM0 commentsViews: 72

 

If you are one of those people with a unique mix of knowledge and skills, you have probably found that it’s both a blessing and a curse. Sometimes people are so overwhelmed at being able to do everything that they can’t settle on anything. What can result is a career quandary in which you scratch the itch to do certain things and ignore other itches.

The good news is that there are options out there for you. Whether you want to think of yourself as a renaissance person, a jack-of-all-trades, or simply a broad-based thinker, you can make money buying and selling homes. A real estate investment loan can be the key that unlocks a safe and profitable future for your finances.

When you find yourself wanting to do lots of different things with your talents, consider how real estate allows you to do exactly that.

Talent With Your Hands

It is the rare piece of property that you can simply buy and immediately resell for a profit. They all need at least some kind of work done—paint, patched walls, plumbing issues, whatever. If you have some experience and maybe some training in general construction and repair work, you will get the satisfying experience of troubleshooting and repairing these problems yourself. The resulting profit on your investment will give you a great boost of self-esteem and pride; after all, it is hard to find anything more satisfying than creating something with your hands.

A Detective’s Dogged Pursuit

It’s one thing to work on a piece of property. It’s another thing entirely to identify something to buy in the first place. If you catch yourself getting satisfaction from scouring through newspapers and web sites searching for a morsel of information, you may be cut out for the process of locating distressed, foreclosed, and other properties for sale. Those that are most affordable are usually not seen in mainstream advertisements, so you’ll have to get out your magnifying glass and go gumshoe to get your start.

Always Been Closing?

The mantra of a salesperson is ABC: Always Be Closing. If you’d like to occasionally put down the tape measure and paintbrush in exchange for a good session of haggling, real estate is calling your name. You’ll enjoy negotiating with sellers to get the best deal for your purchase, and then you’ll turn around and fight for the maximum price as you sell it later on. Some people are just born to sell. If that’s you, you’ll be right at home selling a home.

The Sixth Sense

Tied closely with your salesmanship and negotiating skills is the ability to read people. If you can get behind their poker face and discover their motivation, you’ll be strongly positioned to get the best of the deal. Many married couples, siblings, or other close pairs find that one excels in this as the other handles the hammer and nails. Whether your clairvoyance is your own or present by proxy, having the ability to understand people is a big advantage.

Some people think of flipping property as a job for someone with deep pockets and lots of friends in the construction business. They don’t give themselves credit for their natural talents, and as a result, they miss out on some golden opportunities to cash in. Like any profession, working in real estate investments requires that you make the most of your natural abilities and find ways to compensate for the areas where you aren’t as sharp. Keeping the work at home in your hands saves money, avoids betrayal, and can make you a master of all trades.

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