Investors Guide by Richard Balles, AK Financial – II

Thank you for reading our earlier article "Investors Guide by Richard Balles, AK Financial – I"


Master each of these skills provided you at our earlier post by Mr. Richard Balles, and real estate investing becomes much easier but fail to develop them and you are in for a rough ride.

Secret number eight is that you must prepare quality offers that have a chance of being accepted. These offers must be high enough so that some of them will be successful. But they must be low enough so that, when one is accepted, it will result in a substantial return on your investment of time and money. This can be easily accomplished by using some of the effective software on the market today which we can provide for you, such as Turbo-Bidder or similar real estate analysis software.

The ninth real estate investing secret is that you must be able to determine the true value of property. True value is the amount that the property can be sold for in a reasonable period of time. The quickest way of determining true value is by paying a professional appraiser to work their magic, which we can provide for you at AK Financial. But that is not necessarily the best way. It doesn’t make sense to be paying an appraiser to look at thirty properties when you only expect to purchase one of those deals. That means that you must find an inexpensive way to determine true value. We have realtors who work with investors, who can provide accurate comparable sales (comps) of similar properties. These comps can give you a very good idea of what a property is worth.

And finally secret number ten is that you need to have a burning desire to become successful. Your attitude and drive can make up for lots of early mistakes and pitfalls that might sink a lesser person. As Calvin Coolidge once said, “Nothing in the world can take the place of persistence”.