Thomas Stilp, JD, MBA/MM, LLM, MSC
Will Rogers said, “Buy land! They ain’t making any more of it.” During this country’s worst depression, President Franklin Delano Roosevelt advised, “Real estate cannot be lost or stolen, nor can it be carried away. Managed with reasonable care, it is about the safest investment in the world.”
We’ve worked with clients who have made millions in real estate. Most of the people on the Forbe’s 100 list of the world’s wealthiest are in real estate (like him or hate him, Trump made much of his money in real estate).
No doubt about it — Real estate can be an attractive investment, providing cash flow, appreciation and tax benefits. (See my book, Making Money Going Into the Deal: The Art & Science of Real Estate, now available on Amazon)
But if a real estate deal is poor, you lose your entire investment, and worse, get into “debt hell” if you over-paid for the property.
The trick is to know how, what and when to do what is needed. There could be a whole book written about the topic (another plug for — Making Money Going Into the Deal), yet there are areas we can summarize in our News Letters that will help.
Over the next few editions of our Business News Letter, we will share ideas where law and business intersect, real life examples where property owners made 3000% return in five years, and no money down deals (yes, those deals still exist), to become fabulously wealthy. In other editions, we will share profit making clauses that are often missed, and explain why you’d be “penny-wise and pound-foolish” to ever let the other side provide the “form” of agreement.
Stay tuned!
