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Chapter 6: what makes a good deal?(real estate appraisal techniques )
- Article from:
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Making Money in Real Estate
- Article date:
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January 1, 2000
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Copyright informationCOPYRIGHT 2000 The Kiplinger Washington Editors, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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"Sometimes your best investments are the ones you don't make."--DONALD TRUMP, THE ART OF THE DEAL
IMAGINE THIS, IF YOU WILL: YOU'RE HOT ON THE TRAIL OF your first investment property and your pulse is pounding hard and fast. Time to call in your brain. So you check and compare the character trait profile that you did in Chapter 3 with the demands of this property type. (The demands of each type are considered in Part II.) You have a good and workable match.
Okay, the brain's in control now. Next you carefully consider the time, work and money demands of the property. Everything fits perfectly with the resources you have at hand. So what are you waiting for? It's a go! ...