Real Estate Development: Financial Tip for the day

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This blog was written for anyone who's been picking my brain for my style of real estate investing in NYC. I thought it would be easier to write it down.

There's no particular order to the posts, so I'd recommend reading the headings and figuring out where you are in the process.

The key to success is balancing your time and never quitting. Most deals won't happen. If you plan for 1% success (For every 100 qualified properties you find. only one will close) you can make $30,000 per million in purchase price. If the average purchase price is $3 million, you can earn about $90 per year per deal.

Make sure you have a day job or other steady income before trying to do this. This is great for a stay at home mom, consultants or a non working spouse.

Real Estate Development

Thursday, December 30, 2010

Financial Tip for the day

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