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But do you know how she made a lot of hermoney?
Corcorans financial advice comes largely from her experience and what she knows best: real estate and money management.
If youre looking for help with either, check out Corcoranseight top tips to help you succeed.
I think the sooner you get in the market, the sooner you have a chip in the game.
you’re free to trade up, she said.
Her advice: Dont wait act now.
Not only can this get you property that will appreciate easily, but also help you avoid subprime mortgages.
This strategy can lead to significant profits when its time to sell.
Why this instead of areas with better infrastructure and financial systems?
Well, those areas often have lower property prices and also serious growth potential.
Corcoran is not big into Florida right now.
Go anywhere in the South other than the hot spots, she said.
Theres always a cheap house to buy always.
This may seem like a big ask upfront financially, but the payoff can be exponentially higher.
The reasoning behind this is that it allows you to break evenandhave tenants pay your mortgage.
This will basically lead to you making the big bucks in the long term.
Realize that the buyer walks in and judges that house within 30 seconds, she added.
Dont settle for thefirst mortgage rateyoure offered.
Instead, the investor thinks you should visit multiple banks and ask about special discounts for loyal customers.
Itll often save you a full quarter of a percent, she said.
That doesnt sound like a lot, but it adds up.
Theres no shame in that, she said.
Nobody buys under 40 in New York without the help of their families.
Caitlyn Moorheadcontributed to the reporting for this article.
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