Million Dollar Makeovers: Creative Buying Methods and a Good Mindset

Million Dollar Makeovers

The property game is by no means an quick, get rich quick scheme. Rather generating wealth in the property market does take time, it requires work, and it most particularly requires the right mindset. Sasha DeBretton of Million Dollar Makeovers knows this best. She has made a living out of doing makeovers to properties, and she has become a million dollar success story because of it. She is not willing to keep how she has done this a secret though, and prefers that other ordinary people can follow in her million dollar makeover footsteps and become million dollar makeover success stories too.

Two things that are key to becoming a million dollar makeover success story according to Sasha is employing creative buying methods and having a good mindset. These aspects are critical for success and Sasha divulges tips by which that can assist a person to effectively obtain million dollar makeover results.

1) Buy homes on option This is how Donald Trump went from being $900 million in debt to being worth 7.24b today. When we talk about options, this is effectively all about taking control not ownership of a property and becoming the dealmaker. The best real estate moguls know how to do this very well. And learning to buy homes on option can allow you to take in cash with no money down of your own.

2) Use private lenders Using private lenders to fund your purchases or renovations can be smart choice if you can’t borrow more from the banks. This will mean paying these private lenders an increased interest, so there is greater risk involved. Alternatively, you can get creative and learn to a strike deal, introducing lenders to a share of the profit for their loan but making sure that the interest is only payable upon the completion of the project when the property is sold..

3) Don’t be scared to buy above your means This is a mindset that one must have but it must be coupled with taking calculated risks so you know when a pending settlement is coming up. It does not mean making unfounded decisions that are whimsical or spontaneous and ignoring the homework and due diligence needed to make a calculated decision.

4) Always look to think differently Many struggle with financing a property investment, at least initially. There are multiple means to attain finance even when you think you can’t get it. It just takes some creative manoeuvring and ensuring that you move and roll your properties or cash around to juggle the finances. When stuck, learn to think differently, use creative options, find creative ways to mitigate risk and to get what you want.

5) Stick to your game plan If you are certain what your game plan is, make sure firstly it is a solid one, and if so, then follow your plan as too the basic principles of buying well, renovating, and selling well. If you do this and you are not phased by minor obstacles that will occasionally come along, then you are in a good place to effectively grow wealth through real estate investment.

6) Just get started. To be a million dollar makeover champion, then it is really all about getting started and learning fast and continuing to learn along the way. Don’t worry about whether it’s a good or bad market. It’s all relative. You buy in a good market, you sell in a good market. You buy in a bad market; you sell in a bad market. The key is to get started early, which will allow you to best start the balling rolling on educating yourself and earning money from property.

To be a million dollar success can take one makeover or it may take many makeovers, but if you have a good strategy , coupled with a good mindset, and you follow good principles, then there is almost nothing that can stop you along the road to being a million dollar makeovers success.

Comments? Questions? Email Here

© HowtoAdvice.com

How to Advice .com