It's That Time To Shape Up, Slim Down, and Get Fat

I thought I'd write something about timing this go around. After all, this is the time of year when everybody gets motivated to do something new; like, lose weight or get a new job or dump that loser you've been going with. In your financial world motivation should be year round and unceasing, but in Real Estate timing can be a great asset if you use it properly. Real Estate has it's season just like fishing for King Crabs. The time between January and April is a great window to buy property and get it ready for buying season. Everyone knows that buyers come out in warmer weather; particularly springtime. Think of the Real Estate investment clock as always winding down from Jan 1 to Dec 31. Now, don't get me wrong; Real Estate sells all year long and that is part of the beauty of it. But, it has peak times for sales and lower times for sales that you as an Investor need to be aware of. If you are selling at that peak period, you've just upped the odds in your favor - so why not? Plan a strategy, buy early in the year, rehab early in the year, and get the property to market just in time for the spring rush. I know some guys who buy 5-7 good deals all in January, rehab them all at once, put them on the market all at once and this becomes their yearly game plan. Think of it, 5-7 rehabs ready to go with let's say, 15,000.00 in profit. They concentrate the rest of the year only on selling them so at the end of the year they've made 15 x 7 = 105,000.00. Hey, not bad for a year's work. And, they didn't even sell one a month; closer to one every two months. Also most of the work was in January, the rest was just waiting. If you can't afford to do this many rehabs, then think of this as a supplemental income strategy and do just 2. Oh darn, I picked up an extra 30K this year. Keep in mind that the first quarter of the year is a great time to buy, fix-up and sell because a lot of people are getting extra money in their hands that they didn't have before. Leftover Christmas bonus money, IRS tax refunds, holiday gifts and more create a terrific buying opportunity that didn't exist in November. Just remember, this is a great time of the year to lose weight and at the same time fatten your wallet.

Robin Rule # 14 The Only Reason For Time is So That Everything Doesn't Happen At Once

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