. A typical example of creative real estate investment? When I was young, I'd a job that paid $3.40 an hour, and I somehow saved enough to purchase my first little bit of real estate - 2 acres near where I lived. It cost $3,500.

I spent a couple of hours eliminating wash, discussed a driveway with records, and painted by hand an indication <a href=“http://www.hippiehollowhomes.com/video-faq/can-you-help-me-avoid-foreclosure/”>alternatives to foreclosure</a> . I bought the property for $4,750, with $250 down, $100 per month, at 11% attention a couple of weeks after I bought it. With the capital gain, my annual return on investment was more than 206. This was my first real estate investment.

Creative Owning A Home - The Critical

Because the seller needed fast cash, I bought the land low priced. I solved his problem. As the consumer needed simple terms I sold the land more than the market price. Next problem solved. Solving problems is the key to creative owning a home.

Cellular phone organizations, r / c, police departments and the others need mountain tops for his or her towers tumbshots . The problem is that they can not tie-up their capital getting them. One innovative investor found a way to solve their problem.

He got six month options on hill top qualities for some hundred pounds. Then, when he found those that needed them, he'd obtain a long term lease signed. They built the tower themselves, obviously. With a rent at hand, it was simple to get funding to get the properties and exercise the option. He spent a hundred or so dollars to make years of money.

Woods are needed by lumber mills. A friend of mine solved this dilemma by letting a company cut half the trees on his small home. They paid $4,500, and when they were done I really could not see the huge difference. The property was worth as much the day after the cut since the day before. My buddy lived there, but an innovative trader can get property like his, provide half the trees, maybe clay or gravel also, and then re-sell the land.

To resolve dilemmas, you have to determine what they're. Do people need simple terms? Removed plenty? Timber? Greater access to a piece of property? Smaller bits of land? Condos rather than apartments? The list could go on. Just remember that solving problems could be the key to creative owning a home www .