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Learn Everything You Need To Know On Real Estate Investing

TIP! If you have made the decision to get into real estate investments, it’s a smart idea to set yourself up as an LLC. This creates a layer of protection for both yourself and your investments going into the future.

Real estate can be a scary venture. You need to have good information to start. Once you get the hang of it, it can be very profitable. The following article will give you what you need to know about real estate investing. Once you know what you’re doing, you will be able to make correct decisions for success.

TIP! You need to decide the type of real estate you want to invest in prior to beginning your adventure. Maybe you want to flip real estate.

Find other people involved in this business and see if they will help you. There are many people that invest in real estate. There are probably many groups who feel the same way.If you can’t find anything like this where you live, there are groups online that serve the same purpose. Join these groups and learn what you can.

TIP! Find other people involved in real estate investing and learn everything you can from them. There are a lot of people out there that want to get into investing in real estate.

Dedicate a set quantity of time to learning what you need to know as well as running your business. You might have to give up some leisure activities in order to make more money over the long haul. Ditch the poker night or another guilty pleasure so you have more time to hone your investing skills.

Closing Costs

TIP! When thinking of getting a property to invest in, you should get something you know will go up in value. For example, a waterfront or commercial district lot will have more future value for you.

Do not neglect to consider the various sunk costs that come with buying a real estate investment property. You have closing costs, closing costs, legal fees, along with many other potential expenses that will impact your bottom line. Consider these costs when you work on your margin.

Tenant issues can really kill your time.

TIP! You want to stay away from rock bottom real estate prices. Even if you are tempted by the price, it may be so cheap because it is undesirable.

Don’t buy steeply discounted real estate investments that are sub-par. Even if you can get it at a low price, you may end up being stuck with the property for a long time to come because there will simply be no buyers.

TIP! Location is paramount when considering a real estate purchase. You might be looking at a fabulous home that isn’t worth much due to the neighborhood it is in.

When buying a property for investment purposes, you should hire an affordable handyman. If you don’t do this, your positive cash flow could be spent on tons of expensive repairs. A dependable handyman will also come in handy for tenant emergencies.

TIP! Do not buy just to increase your property numbers. Newcomers often do this in commercial real estate, but quantity is not not always a winner.

Have some idea what your time is worth. You may enjoy renovating properties, however is the amount of labor required worth your time? Or perhaps your time is better spent searching for the next great investment opportunity. It’s okay to make time for more important aspects of the business.

It may be illegal to dig at all, and it can be harmful to the property also.

When investing in properties, you’ll recoup your initial investment, plus a profit.

TIP! Don’t maximize your leverage when you are going for your next big real estate deal. Make wise business decisions to save cash in your portfolio for surprise expenses.

Learn about the neighborhood and surrounding areas before you are interested in its real estate. Location is everything in terms of prices and zoning laws you need to know about. Speak to potential neighbors to understand the area.

TIP! Make sure that you inspect the property for needed repairs before making a purchase. To sell real estate, you must make repairs before selling.

Look at the economy is doing for the county your property is in. High unemployment rates and lack of good jobs keep property prices. This means you could get a big return. A more robust city will have higher property value.

TIP! Then you have a group of people with the expertise that you need to help you. Consult an experienced pro before you ever bid on a particular property.

Start slowly with just one property. Though you may be tempted to purchase multiple listings at once, you can make big mistakes early in the game. Begin with one and learn as you want to use. You will be much better for it over the end.

TIP! Don’t buy property that is too far from the price range in the neighborhood. Too high a price, and it’s likely you won’t make any money.

Do not allow your emotions to get in the best of you. Keep your emotions so you don’t wind up with the bad end of deals. You can earn more money this way.

TIP! Don’t let one property consume all of your time. It is not really a deal if it consumes an excess of resources.

Before purchasing a property to rent out, make sure you know how much renters in the area are paying for housing. This helps avoids the desire for the property down and keeps it on your dime longer.

TIP! The best way to know if a particular neighborhood is a safe investment is by researching its vacancies. The more vacancies, the less likely you are to find a renter for your place.

Avoid investment properties that have prices that are too expensive or low. Buying a property too low will probably result in your having to spend lots of money on upgrades.Look for properties that have a mid-range price property in decent condition with relatively low maintenance.

TIP! When you start to look for properties, understand what it is you want. Are you going to hold it for a while or do you want to flip it quickly? Understanding your needs simplifies the entire process.

Try purchasing foreclosed houses if you could afford to hang on to the house for awhile before reselling. These areas will bounce back at some point, and those that buy when the market is low can make a lot of money. Remember that it may take some time before it is possible to sell and recoup your profits.

TIP! Carefully research before you invest. It’s a lot smarter to do your homework than spend too much money because you didn’t know what to do.

Your friends may attempt to dissuade you to stay away from investing in real estate. You are the person who knows what is best for you; they are simply trying to force their criticism out and lack of desire onto you. The exception are people with more money and a better ideas on how to use it.

TIP! Keep two general rules in mind as you negotiate your real estate investments. To begin with, you’ll want to learn how to be a better listener over talking too much.

Buying a house that needs just a few repairs can sometimes mean a great deal. These homes can quickly turn into a nightmare which end up any profits you might have made.Be sure you run the math.

TIP! If you aren’t personally familiar with investing in real estate, it’s easy to make mistakes that cost you a lot of money. Find the help of a professional.

Every investment can be risky, but the right information can mitigate that to some extent. Learn everything you can from the information located above. Making sound decisions is based on having knowledge. This process is already underway. So, keep learning and you will have a good time investing in the real estate market.

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Monday, December 28th, 2015 Land Buying Guide Comments Off

Turn Your Search For Knowledge About Real Estate Investing Into A Success

TIP! Take time to properly access the market before you go out and make a real estate purchase. Look at many different properties at your location and note various things on a spreadsheet.

Real estate investing is not exactly like other forms of investment. You need to thoroughly educate yourself about this path. This article will provide a few of ideas. You’ll feel more confident in your investment decisions once you’ve learned the basics from this article a look.

TIP! Once you are sure that your investments will be in real estate, you should set up either an LLC or a similar entity. Protecting yourself and your investments is the best way to proceed.

Do your research on the market prior to making a real estate investing. Look at between 50 and 100 properties in a location you desire, and keep a spreadsheet full of notes. Things to look at include repair budgets, projected rent earnings, and current prices.This will help you sift through the deals are good.

TIP! In real estate investing, it’s important to maintain a sterling reputation. Therefore, it is essential to be honest and forthright in all of your real estate dealings.

You want to be educated concerning real estate prior to investing. This will help you must do because there are a lot of knowledge. Read articles and blogs that educate you gain the upper edge.

TIP! When determining strategy, know all the costs. There are also closing costs and legal fees, among other things.

There are two things to take into consideration when looking to purchase a commercial real estate market.You don’t want to make sure that you get a fair deal on the square footage. Do not spend too much money on the business itself. You must make sure both of the answers are good enough to make a final purchase worth your while.

TIP! Choose popular, well-known locales that will pique the interest of potential clients. This is crucial since you can get more from the resale value with this type property.

Don’t forget that any property values always rise. This assumption is risky in the real estate market and for any individual property. Your best bet is to invest in properties that provide a nearly immediate positive cash flow. Property value appreciation will definitely be good for your income and profits.

TIP! Do not assume that the value of a property will always go up. It’s dangerous to think this for the market or for a single piece of property.

You may be shocked to find out that people do the negotiating for you if you sit back and let them. If you listen closely, you may be able to get a reasonable price.

Don’t invest a huge amount of money in real estate with doing the research first. Errors in investing can be extremely costly.

TIP! Make sure that you perform renovations to improve a property’s value. A lot by water or right in a business district, for example, will most likely mean more to you in the future.

When buying real estate, have someone who is handy at fixing things to help you out. If you aren’t familiar with things that need repairs, you might find your profits are eroded by having to pay for pricey repairs. A handyman can help make sure any tenant emergencies are taken care of after business hours.

TIP! Learn all you can about how real estate investing works before you spend your money on properties. If you make a mistake when it comes to real estate, you could lose out on a lot of money when you’re not being careful.

Understand the value of your time is valuable. You may love rehabbing properties, you should consider if the time spent doing manual labor is worth it. Or is it better off searching for the next opportunity? It’s worth it to free some time for focusing on other important parts of the business.

TIP! Know the opportunity cost of your time. You might love rehabbing a property yourself, but is all the manual labor really the most productive use of your time? Is there another possible opportunity in play? If you can hire someone to do a job, you should.

Don’t buy property in a less than desirable neighborhood. Know the property is in. Do your homework in advance.A good deal on a nice house might mean it is in a bad area. It may be hard to sell this kind of home and this type of home could be vandalized easily.

Make sure that any property you invest in will return your money to you, plus an additional profit.

Hire a reliable property manager who can screen tenants.Since the rent money will pay the mortgage, you need to make sure they have good credit and habits.

Cash Reserves

TIP! Broaden your portfolio by investing in both residential and business properties. Business properties can give you lucrative long-term rentals.

Do not make investments in the real estate investment if you lack cash reserves.This money can be used for any repairs or expenses that you do. It is also wise to keep cash reserves in case you had hoped. You will have costs to think about even when your property is unoccupied.

Never over-leverage yourself out completely when looking to get the next deal. You should keep some extra money in case anything unexpected expenses.

TIP! Remember that your investment in real estate may not pay off immediately. You’re going to want to have capital put away in your bank.

Clearly, there is no need to feel stymied by investing in real estate. Some of your questions have been answered in the article above. Now that you understand more, you are ready to get started. You can now put these suggestions into action.

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Sunday, December 27th, 2015 Land Buying Guide Comments Off

Real Investing Tips That Are Guaranteed To Work

TIP! Always familiarize yourself with property values in the area. Mortgages and rent costs will give you a good idea your property value.

Real estate is a potentially great and stable investment opportunity if you take the right approach. There are many things to consider before purchasing an investment property.The following information is going to help ensure success with real estate investments.

TIP! Never invest in a piece of real estate that you have not had inspected by an independent or third-party professional. A seller might pay for the inspection, but can you really trust them if they use someone they know? It is best to get an independent person to come and inspect the property to protect your interests.

Do proper research on the market prior to making a real estate investing.Look at multiple properties in the area you choose, and keep notes on it. You need to be looking at how much you’ll make in rent, rental potential, and desirability of location. You can easily see which deals are good and which deals are not.

TIP! When contemplating your overall strategy, remember that your costs encompass more than just the purchase price. You will have closing costs, staging fees and legal fees, along with other costs depending on the property.

Never invest in a property that you have not had inspected by an experienced and independent property inspector. Sellers may be using someone who will favor them. You want an unbiased report from a person that you can trust.

TIP! Keep two things in mind. First, you shouldn’t overpay for where you buy things.

Dedicate a set quantity of your time to learning what you need to know as well as running your business. You might have to reduce activities to accomplish this. Ditch the poker night or another guilty pleasure so you go to in order to become a better investor.

TIP! When the time to negotiate occurs, you need to remember that silence is golden as you want to hear everything the other party says. Many times you will actually get more for the money by simply listening.

There are two things to take into consideration when entering the industrial or commercial real estate market. You want to pay too much for the square footage. Do not overpay for the business itself. You need to see good numbers to be satisfactory.

TIP! Find an online forum for real estate investors and sign up before you dive into the real estate market. Also, reading the blogs of the established professionals in the real estate business can be of great help.

If you buy a home and plan to rent it, be sure to choose your tenants wisely. The person will need to be able to afford both rent for the first month as well as a deposit. If this isn’t possible with the tenant, it is likely that he will not pay rent on time. Keep looking for the right tenant.

TIP! Make sure that you perform renovations to improve a property’s value. Properties near businesses or waterfronts are likely to increase in value.

When investing in real estate, make sure you have a handyman that’s good and affordable. If not, then you’ll be spending all of your profits on fixing things yourself. A reliable handyman also come in handy for after-hours tenant emergencies.

TIP! When checking investment properties, ensure the rent collected covers all or nearly all of the mortgage payments you have every month. This will get you started in a good position.

Think about using a management firm. The company will screen your potential renters for you and handle any repair costs. This will give you quite a bit of time to spend on other properties to invest in.

TIP! Avoid buying real estate in bad neighborhoods. Location is a crucial part of the investment process.

Think about taking your business property investments rather than just residential places. Business properties can carry long-term rentals. Strip malls and other similar complexes can offer you a lot of rental income streams for a single location.

Real Estate

TIP! If you want to make a career or a lucrative hobby out of real estate investing, now is the time to start. One mistake can be to wait too long.

Investing in real estate is a better choice than earning the small percentage that savings accounts pay. Enjoy taking a look at the wide array of options you have, and think about what you can do as a real estate investor. Follow the tips presented here to invest successfully in real estate.

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Saturday, December 26th, 2015 Land Buying Guide Comments Off

Investing In Real Estate: What You Need To Know

TIP! Protect your growing real estate business by establishing a LLC or other business entity. This will allow you to be protected along with any investment you may make.

Do you want to become a real estate but are overwhelmed? Maybe you have watched shows about making a lot of money buying and how profitable it can be. Continue to read for solid tips!

TIP! Keep two things in mind. The first is the cost of the land.

Never invest in a property that has not been inspected by an independent or third-party professional. Sellers who pony up their own inspector may use professionals that are biased towards them.You want an unbiased report from a person that you can trust.

TIP! Search out and speak with other investors. It is helpful to get pointers from others who have more experience.

Look around for others who share your interest and try to learn from them. Lots of individuals are curious about investing in real estate investments. There are certain community business groups who like to speak about this type of thing. If you can’t find anything like this where you live, simply look online for forums and communities. Get in the mix and learn from your peers can teach you.

TIP! Take into account the total time you really have to devote to real estate investments. Having issues with a tenant can eat up quite a bit of time.

Stick to a niche you are familiar with. You will find more success by focusing your market niche. Whether you specialize in flipping homes, low down payment investments, or dealing in properties that cost low in the down payment department, stick with what you are familiar with if you want to see success.

TIP! Keep up with online blogs and investment groups to keep up with the tricks of the trade of those already successful in real estate investing. This is going to give you priceless knowledge you can use on your own.

Location is essential when investing in the most important aspect of real estate investing. Property condition and other issues can be fixed. Properties that are within depreciating locales will always be bad investments. Know what you are doing and make sure to research the areas around where you’re buying property.

Problems with tenants can waste a great deal of time.

TIP! The rent you are getting from properties should cover their mortgage. This can help you get on the right foot.

Take the entire neighborhood into consideration before investing in property there. Neighborhoods that are desirable will have a lot of value at all times, while a depressed neighborhood could bring you very low returns. Location will always going to be essential when assessing a property’s value.

Don’t buy real estate.You want to look at factors, but the house might have difficulty selling.

TIP! Choose wisely who you allow to live in your rental property. The person should have first and last month’s rent ahead of time, as well as a deposit.

Stay away from purchasing property in neighborhoods that are bad. Pay close attention to where your property you are interested in is located. Do your homework in advance.A great deal on a nice house may mean it is in a bad area. It can be hard to sell this kind of home and it may be easily vandalized.

Think about hiring professional property management. The company screens renters and handle any repair costs. This will allow you more time to concentrate on other potential money makers.

TIP! Be sure that you’re able to get the money back that you invest in the property, plus a little extra. If you invest in any property that only returns your original investment, you’ve lost time.

This will minimize risk since you’ll already have a good feeling for the neighborhood already. You will be able to know everything that goes on in the area. The best way to control over your investment is to live nearby so you can manage things on your own.

TIP! If you are thinking about purchasing real estate to rent, hiring someone to manage the property to help screen good solid tenants is a must. A history of responsible financial management should be a determining factor on who can be a tenant of your property.

Don’t let your personal finances for your investments. Investing in real estate can involve tying up large amounts of money that you can’t get back right away.Be certain that you can handle this without causing financial pinch as a result.

TIP! Buy property locally. When you do this, you already know what the neighborhood is like.

Try to invest in several properties within a short distance of each other. This way you cut down on your properties. You can also learn lots about the local market for real estate in.

TIP! Do not buy just to increase your property numbers. Many people new to real estate investing do this, but it’s a beginner’s mistake.

Subscribe to a good listing service that provides you can be alerted to good opportunities when they become available. This service saves you save time and money. These lists are usually current and can help you with your research.

Don’t leverage yourself out all the actual purchase. You need to keep some extra money in case anything unexpected crops up.

TIP! Start small with a single property. Though you may be tempted to purchase multiple listings at once, this can be extremely risky for a newcomer.

Start small with one property. You might be tempted to buy multiple properties right off the bat, but don’t bite off more than you can deal with. Begin with one and learn more about the strategy you go along. This will help you out when all is said and your success.

TIP! Just as you would compare listing and sale prices in the area that you are looking, you should also take note of the rent being charged by others. This will give you a great feel for the competition.

Don’t invest your money into a property that’s too expensive.If you choose to rent out your property, ensure that you will be able to pay your mortgage, even if you have a few empty units. Depending on rental income solely for the payment of your mortgage isn’t a smart approach.

TIP! If you’re able to hold onto properties for a time, take advantage of properties in heavily foreclosed upon areas. These areas can come back, and those that buy when the market is low can make a lot of money.

These different legalities are going to vary from town to town so it helps to know them in advance. Talk to local public officials to abide by all of the law before you sign any contracts.

TIP! If your rental property has vacancies, be sure that you have money to cover your mortgage every month while you are waiting for a renter. Having adequate funds set aside ensures that you don’t have to worry about paying the mortgage in between renters.

Know that any real estate investment properties are unlikely to pay off for some time. You need to have money in the bank. You will want to be employed starting out. There are a number of expenses that might pop up. You could go under if you don’t have a reliable income stream isn’t consistent and good.

Avoid beginners when looking for good realtors. You should have an experienced professional if you’re going to find the best opportunities.

Untrustworthy individuals could cause damage your property. Background checks don’t eliminate risk completely, but it can help.

TIP! Know the marketplace language. You want to sound as though you know what is going on.

Solid investments in real estate will make your financial situation feel more secure. You can choose the best properties and focus on what makes the best business sense. Bear these suggestions in mind and get your investments started today.

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Friday, December 25th, 2015 Land Buying Guide Comments Off

Investing In Real Estate: What You Should Know

TIP! You must do some market analysis and research prior to becoming a real estate investor. Select a location, pick out a number of properties, and then go inspect and compare them.

Does being the next big real estate mogul?It is, though you must do so in a deliberate and careful manner. This article has some of the things you must know about real estate so you don’t get in a bind as you’re getting started.

TIP! You should decide early on about what types of real estate you want to invest in. You may like flipping real estate.

Your reputation is essential to the success of utmost importance when you venture into real estate investments. This affords you credibility in town by building a base of loyal clients.

Real Estate

TIP! When buying a rental property, make certain the rent you charge is going to cover the mortgage in its entirety. This is a great way for you to break even.

Don’t forget that you aren’t guaranteed to make a property is going to go up. This assumption is risky in the real estate market and any one piece of property. The safest thing to do would be to invest in real estate that will net you can obtain a positive cash flow right away. Property value appreciation will then add to your income and profits.

TIP! You want to have evaluated a neighborhood prior to making any investment purchases. Some neighborhoods are obviously a better value than others.

You will be surprised to see how frequently people end up negotiating for you if you sit back and let them. If you listen closely, you may be able to get a reasonable price.

TIP! When you start, be patient. You might find that your first transaction takes some time.

Look over the entire neighborhood you are investing in. Neighborhoods where people want to live tend to hold or even rise in value over time, and neighborhoods that are depressed won’t pay off so well. Location will always going to be essential when assessing a property’s value.

TIP! Property management company’s can save you time, money and reduce stress. You might spend a bit of money on the management company; however, it is money well spent that can increase your profits.

Consider the possible rental values as you determine how much any given property is worth. You can end up with thousands of dollars annually by renting out the home. Then you can resell the home for a bigger profit later on.

It may even be illegal to dig before checking for lines, and it pays to find this out up front.

TIP! One of the biggest mistakes real estate investors make is believing they should buy a bunch of property to build their personal assets. Though many rookies do this, most learn the hard way that it isn’t wise.

Though there is nothing specifically wrong about buying real estate in diverse regions, do not forget the local market. You know your area that are great investment opportunities.You should at least start out in your local community to find good deals.

TIP! Practice the right kind of bookkeeping. It could be an easy mistake to overlook simple things in bookkeeping, especially when you’re starting out.

Think about expanding your vision to include business property investments rather than just residential places. Business investments can give you lucrative long-term income opportunities through rental. Strip malls and other similar complexes are great choices when it comes to increasing investment potential.

TIP! Do a little research into the city government for any properties you are considering investing in. Most cities have an official website that can be found with a simple search.

Make sure that you keep detailed books.You may find it easy to skimp when it comes to bookkeeping, especially when you first get started. There are a lot of other things you will need to consider when investing in real estate. It is vital that you have good bookkeeping practices. You will allow yourself to avoid a lot of problems later if you’re good at bookkeeping habits now.

TIP! Currently foreclosures are flooding the market and they are not all damaged beyond repair. By joining a list that notifies you when foreclosures become available, you get a jump on looking it over and getting a fantastic deal before others realize it is available.

Try to invest in several properties within a short distance of each other. This lets you don’t have to spend a bunch of gas and time to travel between your expenses when going from place to place. It also help you to become an authority when it comes to the real estate market of that specific area.

TIP! If you become a seasoned real estate investor, there are certain to be ups and downs. It is important that you do not let those lows convince you to give up.

Subscribe to a foreclosure listing for foreclosures so you can be alerted to good opportunities when they become available. This will help you time in the long run. These lists are usually kept current and can help you with your research.

TIP! Do not make a real estate investment you are unable to pay for. You must be able to pay the mortgage payments, even when the unit is empty.

Make sure you get help from the experts. Before you make a bid on a piece of property, take the time to speak with someone with experience in the business. Their expert opinion can help you make smart choices.

TIP! Always seek out the pro’s before you leap. Before you put a bid in on a property, make sure that you have talked to someone with a lot of experience in the real estate industry.

Be prepared and willing to make sacrifices. You will have to devote a lot of time in real estate. You must be ready and willing to give up some of your leisurely activities.

TIP! Have you been seeing rising property values in your area? Consider the number of vacancies for the rentals in the area. There are many questions for you to ask when you stop foot in this industry.

Buying a house that needs a few repairs can sometimes mean a good deal. These homes can quickly turn into a nightmare which end up any profits you might have made.Be sure that you research it well and do the numbers.

TIP! Do not let your emotions get the best of you. You won’t live here; you’re making an investment.

Be aware of whether your purchase is short or long-term. This will affect the costs you need to start with. If you plan on holding onto the property for some time, you might as well upgrade it some.

TIP! When you are looking for a good realtor, then make sure you avoid those just starting out. When you are making investments in the real estate market, you need someone that is experienced.

Before you invest in any property, think about what you want to do. Do you want a flipper? Or are you hope to rehab or maybe even flip something?Knowing what you’re looking for will make the speed with which you’re able to do business.

Real Estate

TIP! Never spend excessive amounts of time on a single deal. Anything that takes tons of time from you isn’t an actual “deal.

Real estate investing requires time and time. Many people only think about the money they will be making and not the time that is involved with real estate investments. You need to ensure that you dedicate yourself to this venture in order for it to run smoothly at all times and stages.

TIP! You are taking on a huge responsibility when you decide to invest in real estate. Make certain that you are financially stable prior to beginning.

You will need to learn about sacrifice in order to realize your bottom line. You could dream of home renovations for a house you’re flipping, but contractor and supply costs can escalate quickly. It’s a guarantee that something to meet those monetary goals. Be ready to give up on things up.

TIP! Try joining with a trustworthy partner. When you have a partner to invest with, you won’t have as much of a risk.

Always perform research prior to investing in anything. Taking some time to evaluate all the information is better approach than jumping into a decision too quickly. Something could look good in theory, the seller won’t tell you the drawbacks or problems.

Think about bringing a partner that you have trust in. You tend to minimize your risks when investing with a partner. Remember that you also reduce your returns.

TIP! Understand that investing in real estate isn’t necessarily for the faint of heart. You must have financial stamina, negotiating skills, and be ready for substantial risk.

You might make a big mistake if you’re new to real estate. This is why you need the tutelage of an experienced hand. This might require some money on your part, but it will probably save you a lot down the line.

Real Estate

TIP!

This article should have given you some solid real estate tips. Real estate investments are a big deal, and all the advice you learn as you continue along is going to help you. Be smart about this and you will make some money!

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Friday, December 25th, 2015 Land Buying Guide Comments Off