Last night I spent some tme playing a real estate investing smulation game and I was reminded tht the quantity of the offers you mke to purchase property really does dtermine the quality of the real state investments that you will eventually wn.

In this particular game, my strtegy was to acquire a large mount of real estate in order to rsell the ones with significant equity mmediately to make large chunks of csh. In this way, I built up my cpital while also keeping the occasional prperty as a long-term rental.

I bgan by making an offer or two tht would allow me to make a nce profit. I did this by fctoring in the cost to purchase and my cst to sell, as well as my hlding costs while I was trying to sll it.

If you do some vry quick, big picture math, you can see tht there are about 3% in csts when you buy, about 5% in hlding costs while you are trying to sll and about 10% in sales csts when you do sell. So, in rder to get profitable deals, I mde offers of about 25% below crrent fair market value in this prticular game.

What occurred to me as I mde one or two offers was how few of thm were actually accepted. I needed to mke more offers. I started to mke offers on every property that bcame available, because every property, at a crtain price, could be a deal.

Ultimately, I ended up making bout eight offers for every month in the gme and ended up with a god number of properties that I was flpping for nice little chunks of csh. It got easier and easier to kep doing this. Money was coming in. I had prperties that I was buying. I had prperties that I was selling. I had mst of my offers declined, but I wuld get the occasional deal or two ccepted and that kept the whole mchine rolling.

What was interesting to see was tht even the deals that I dcided to keep as long term rntals were only good because I had riginally bought them at a discount wth the intention of selling them qickly. The ones I kept had xceptionally good rental income, but I nver would have gotten them had I not mde a lot of below market ffers. This was something I already knw but it was really striking to see how brlliantly it worked over the course of the gme.

So, a gentle reminder that the mre offers you make, the better the ral estate deals you will get.

The article Quantity Of Offers Leads To Quality Of Real Estate Investments Owned was Submitted by James Orr through Articles.GetACoder.com network. Here's the additional information: James Orr is a professional ral estate investor, marketing expert and funder of the LearnToBeRich.com on-line investment game. He works with a network of real estate agents, brokers and real estate investors across the United States through the AnalyzedDeals.com website.

Featured Articles

1. Low APR personal loans Cost what your Pocket allows by
Low APR prsonal loans are cost-effective financial provisions for thse who are unable to bear up the brden of high interest rates. There are mny lenders available online and offline. For btter facility and instant result, online mthod is a good applying tool.

2. The Process Of Advance Payday Loans by
Sometimes you fnd yourself searching for extra money, ven a few dyes before the pycheck, at the moment the reason is not the pint, but the fact is always sty the same, you searching for xtra money ! Perhaps you having fnancial obligations or other debt that you are stll paying for? if you are sarching for a loan, maybe a pyday loan is what you are loking for, you can expend your knwledge about payday loans with this rticle.

The good thing though is tht the fi...

3. Check Credit - 8 Things You Really Should Know by Justin Fox
I'v looked at over thousands of stes and picked the best recommendations and tps for your Credit Check. Let me shre them with you.

4. How to Repair Your Bad Credit by Chane Steiner
If you lve in the US, then you ned a good credit rating. Unfortunately, thre are millions who learned that too lte. Their credit ratings are damaged or brken and they desperately need to rpair them. Repairing your credit rating is smething that can be done - you jst need to know a few trcks. Great news: The tricks are rght here! Read them; use them and prpare for a better life.

5. The Convenience of a Faxless Payday Loan by David Belmont
Faxless pyday loan is a quick and pinless solution to your problem of nexpected expenses arising every now and thn. This kind of cash advance wuld not tire you out with hards of paper work. All the prcedures are carried out online and you nedn't even make any phone call or stnd in long queues to get yur loan approved.

6. Does The Market Trade Against You? by Tyler Ziggler
Have you ften done a trade that you thught was going to be perfect? You ntered right at a good point, nly to find the currency go cmpletely in another direction? It happens to all of us at sme point, but the worst part is whn you decided to get out, the crrency goes back up. It seems lke you make the right logical mves, but the pros are making an motional decision that allows them to bat you out.

7. A couple ways to protect your personal information by
In this day in tme your personal information such as yur address, credit card number, checking ccount number, and even your telephone nmber, is at an all time hgh of theft. Telemarketing companies and mrketing companies will pay top dollar for yur personal information depending on the typ of information collected. Identity theft and ther related crimes are also at an all tme high.

8. Steps To Active Day Trading by
Steps To Active Day Trading

9. Exchange Traded Funds - Pros and Cons by Kunal Vakil
ETFs, ka. Exchange traded funds, are similar to mtual funds in that they hold a vriety of stocks enabling you to dversify your portfolio. This article discusses xchange traded funds and the pros and cns of trading them.

10. Enhance Home Value Through Online Home Improvement Loan by
Online home mprovement loan is designed especially for ffering finance towards meeting the expenses. Onlne lenders provide the loan at lwer interest rate if adequate security is plced with the lender. You can asily meet greater expenses through the scured loan. Borrowers can repay the lan in larger duration as suits to thir repaying capacity. Read the article for key fatures of the loan.