31. December 2015 · Comments Off on 3 Real Estate Tips You Need to Know · Categories: Real Estate

What if there were three real estate tips that would work in whatever real estate-related business you could think of? Imagine what you could do if you knew three things that could make your real estate business run smoother and bring your more money. Here’s a three-headed secret that will surely bring a sharper edge to your otherwise blunt career.

Tip No. 1 is deal with motivated sellers. This term applies to qualified home owners who are desperate to sell their properties fast. These are people who are more concerned with being able to “get rid” of their property. When owners are in this classification, you will be able to get their house at a much lower price. It’s because they need you – the buyer who will eventually become a seller – and not the other way around.

You’ll find motivated sellers in your neighborhood. Even your neighbor can be one. Any home owner who is basically in dire need to dispose of his property will count. Recent divorcees are classified in this category. Paying the mortgage is often too heavy for a single party to shoulder. Besides, many of them want to start a new life in a new property. Those who are heavily indebted are also desperate. Debt is growing, monthly bills are unsettled – owners in these situations are highly motivated and are good sources of real estate investments.

The second of the three real estate tips you need to know is having a ready list of buyers. Whether you’re a rehabber, wholesaler, short sale investor, it does not matter. Your real estate investments will be sold faster if you already have a ready list of buyers. In any business, it will help if your product has a ready destination.

It won’t be easy to build a buyers’ list, especially if you are not well-connected in the area where you are doing business. One thing you can do is to meet more people in the industry. When looking scanning newspapers, look for events like seminars that are related to the business. Attend these events and make acquaintances. Tell them the nature of your business and get their contact information.

29. December 2015 · Comments Off on 5 Proven Real Estate Tips to Succeeding at Fixer Uppers · Categories: Real Estate

Now that you’re a bit more familiar with the dynamics of investing in fixer uppers, you are probably itching to make your dreams a reality. Well, Congratulations on getting closer to your goals. In this brief article, we will provide you with not one but 5 real estate tips to succeeding at fixer uppers that you can use right now to skyrocket your fixer upper profits. Are you ready? Well, let’s get started.

First of all, you must have a realistic goals and a written plan to succeed with fixer uppers. By having set goals and a written plan, you will be better able to achieve your success. For instance, it isn’t just enough to say that you want to own some fixer upper properties within 5 years, you must be more specific. For instance, you have to say, “I want to purchase 5 fixer upper houses in the next five year by working a part time gardening business and reinvesting all of my profits into my real estate venture. I will purchase my first fixer upper property within 1 year and 4 more properties each year thereafter.”

Second, you must put in the necessary education. Although investing in fixer uppers isn’t exactly difficult, it does take a bit of knowledge about finances, real estate properties, current market conditions, real estate selling and closing prices, etc. In addition, you must be familiar with the various different types of fixer upper properties you can own as well as financing options.

Third, you have to stay focused on your goals. Yes, you will experience some temporary setbacks while investing in fixer uppers and you will have to put forth a bit of effort to make your real estate dream come true but you can do it if you stay focused on your future, use proven tips from other fixer upper experts and execute your plan. Once you do this, you will succeed in your fixer upper investment efforts.

Fourth, you have to find the fixer upper investing approach that works for you and be persistent with that particular method. For instance, if you’re an expert rehabber then you might find that you enjoy purchasing fixer upper properties that need a bit of work and then flipping then. However, if your goal is to secure monthly income from your fixer upper properties then purchasing a small apartment or house in need of repair, fixing it and then renting out, might be your better option.

Fifth, surround yourself with positive people and develop a fixer upper investing team. This way, you’ll be able to capitalize on everyone’s strengths to maximize your profits. For instance, you’ll need a fixer upper renovation team, mortgage or bank broker, real estate agent, etc.

In conclusion, investing in fixer uppers can be extremely fun and exciting. However, if you truly want to be a successful fixer upper investor, you must have an individualized plan, set and stay focused on your goals, find and implement a real estate investment approach that works for you and secure a good team. Once you do this, you will become a successful fixer upper investor and can make your real estate dreams come true. Good luck!

22. December 2015 · Comments Off on Affordable Real Estate Tips to Think Beforehand · Categories: Real Estate

Affordable real estate tips include a number of things you can do to get the best deal if you are a buyer or a seller. There are many ideas for buyers, sellers and people with mortgages and you also have some things to think about before you take your next step. Affordable real estate tips are not hard to find and are certainly worth it. Here are some things to consider.

If you are looking to buy a house and given that we are living in turbulent financial times, the one thing to really think of is if you want a new house or a used one. A new house costs more than a used one. This is true. However, a new house has the advantage of being ready. There is no need for repairs and maintenance. The cost for you is limited to the cost of the house. A used house could cost less but you will certainly have to pay extra for repairs or things that you don’t like and are going to change. One must affordable real estate tip is to make an inspection to every room and calculate the extra amount of money you will need. Then add it to the price. Check if it would be better to get a new house from the start.

If you are trying to sell your house, there are a few affordable real estate tips you can follow that can benefit anyone. The first thing is to de-clutter it. Having a house that shows that it can’t hold the owner’s stuff is not good for the potential buyer. Make your house look tidy and as if it can provide a nice, cosy clean atmosphere. Another thing you can do is to fix things that are easy for you to fix. This means that if you have a licking faucet and you know it is not a bigger problem, you should fix it instantly. A buyer might think that there is a bigger problem in the pipes and be reluctant to buy it. Fix everything that you can. The buyer will want to inspect the house and if there are a lot of things that need fixing will be reluctant to buy it.

Lastly, there are a few things to consider for your mortgage. First of all, make sure you have a financial plan. This will help you in being certain you can pay the mortgage at all circumstances. Calculate an amount of money that you can afford for your house. Then calculate all extra costs. This is very important as many people don’t add costs correctly and they end up having much bigger expenses from what they initially thought. Don’t add amounts of money you are expecting to get as they may never come. After doing that, you have a limited but safe plan on how much you can spend. Adjust your monthly payments according to that amount. This way you will be sure that you can enjoy your new house.

15. December 2015 · Comments Off on Real Estate Tips For Getting Rich With Real Estate · Categories: Real Estate · Tags:

With available land getting increasingly scarcer, property prices all over the planet are spiraling upwards and the real estate business is a good one to be in. Here then are four real estate tips for building wealth. Find Foreclosed Properties For FreeSkip the lists that you have to pay for and go right to the sources. If a property is foreclosed on, it is owned either by the bank, the county or the federal government (in the case of a federally subsidized loan). You can contact all 3 of these agencies to find a list of foreclosed properties.

Neither one of these entities is in the business of holding onto property. Once you have found a list of foreclosed properties in the area, drive past them. Look for properties in areas that are rising or well established. Keep away from foreclosed properties in blighted areas as they may no increase in value. Finding foreclosed properties in your neighborhood is easy as you are prepared to do a little legwork. Best of all, it doesn’t have to cost any cash. All of the real estate information is public; you have to grasp where to look.

Seller Financing
Foreclosure owners usually want to get shot their properties quickly and painlessly.

You should work with them to get financing or perhaps make them pay closing costs. Don’t be afraid to ask for financing, especially if you are purchasing a foreclosure that needs work and has been on the marketplace for a while. In several cases, the sellers will supply financing for you.

Learn To Bid
You will have to bid on foreclosures. Bidding methods can take a while to pick up. There are several paths to bid for different properties. If you are bidding for a property that is sold for taxes by the county tax assessor, then the process is dissimilar than if you are bidding for a property that is sold by a bank. Learning to bid is a skill that you will need to acquire if you are going to earn money in foreclosure properties. Once you have mastered this methodology and know what to do, you’ll be able to pick up properties simply. You will have to prove that you are a qualified buyer upon bidding. You are going to have to be pre-approved for financing or show explanation that you have the cash in order to to be considered for the bid. In most situations, you want to fill out a form. These can be supplied to you by the entity that owns the property.

Learn To Flip
Flipping property involves hanging on to the property for a brief period and then turning it over to another seller. As an example, you can buy a foreclosure that is run down for a very low price and then turn it over to a rehabber and make a fast profit. This is a good market for the short profit. In order to make cash on the short sale, you must find out how to learn how to flip real estate.