OfflineLast November I bought a house that was in foreclosure for $43,000. It was listed for $46,000. At first glance that doesn't seem like that great of a deal. I locked it up within a few days of it being listed. Here is why. It was listed as a two bedroom. Most people want 3 or more bedrooms. Also, it was located in a nice up and coming location. When I got there I found out there were 2 more bedrooms upstairs that they weren't counting. When I asked the listing agent why they weren't counting the 2 bedrooms upstairs she said "we can't count the upstairs as livable space because there are no heating or cooling ducts running upstairs." My banks appraisal showed the same thing. I was thinking in my mind "YES!!!" After I closed on the house I called a guy that installs heating and cooling ductwork and he ran the new ductwork for $500. Now I just added 600 square feet of "livable" space to a house for $500. I asked my realtor how much more money I would be able to get for 2 added bedrooms per square foot over and above non-livable square feet and she said about $50 more per square foot. 600 times $50 is $30,000! That is just one way to "THINK A LITTLE DIFFERENT."
You've got to find your obstacles and call them out! Unsheath the sword, and do battle with whatever it is that holds you back!
Mr. K30.... Cbrpower is Matt Larson in the flesh. Good man to have around for general advice and questions pertaining to the 25:1 strategy's he talks about in Deans new book.