Thanks for your interest in articles
by Bernard "Barney" Hale Zick. You have our permission
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Buying, holding and selling notes secured by real
estate can be very profitable. But you can make mistakes if you are
not wise to the potential problem areas.
Let me give you an example of the
difference between keeping your negotiating lessons in
your everyday memory rather than assuming this is a
subject that could be filed away forever...
Most people think that negotiating
has to do with price only, and do not realize that
every word spoken as part of putting a deal together
is part of the negotiation...
Many real estate markets in the
country are currently in an upswing. More buyers than
sellers characterize up markets. An early prediction
of up market is when the rents go up faster than
prices.
This deal was a cat house. You
could smell the cat urine OUTSIDE the house! That was
the quickest inspection I ever did. The second time in
the house I filled my nose with Vaseline before I went
in...
One key to success is to know when
to turn down an assignment. You should turn down an
assignment if you have a conflict of interest or do
not have either the expertise or data to do a good
job...
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