Real Estate Investing Information that Works! since 1995
1. Not Knowing the Market Numbers: Knowing your market is as important as any other factor in real estate investing. This means having a neighborhood-by-neighborhood analysis of the supply curve and average days on market.
Both of these data formulas can be found through a real estate broker using the MLS….
Wholesaling is a great way to get started into real estate because it does not require good credit and takes very little money to get started. Wholesaling has allowed me to escape my “Corporate America” job.
I wholesaled in very high volume for a few years, which created a nice income stream to replace the salary from my job.
A hard money loan is a form of real estate financing that’s based on the value of the property to be purchased rather than the credit of the borrower. Hard money loans are most often used for house flipping or other investing strategies that require a quick turnaround.
It’s like another tool for your toolbox, and as you’ll see, the benefits of this unique financing strategy are worth learning about. Here’s how hard money loans can help…
Apartment Investments are historically one of the most stable of the commercial real estate asset classes. You can make more growth equity in the Retail or Office asset classes, but you are exposed to a more volatile economic cycle. Apartments have some exposure to the economic cycle, but it’s nowhere near as significant.
As a result, the type of affordable housing that Multifamily Apartments represent will provide stability and safety, even as other economic sectors suffer through dramatic swings.
As we near the bottom of our real estate market, many investors are realizing it’s becoming a great market and it’s time to start buying houses again. Investors who buy now can hold onto the investment for very good cash flow or flip the house for an instant income.
The process of taking a wholesale property and then transforming it into an income producing asset usually requires some “rehab” work, and when searching for a great contractor you will want to balance the price, quality, and speed of the project…
Marketing for code violators is another guerrilla marketing technique for investors. It is essentially a free source of motivated seller leads.
This method works well for investors looking for rental properties to buy with seller financing, flippers looking for houses discounted that need work, and it works great for wholesalers looking for houses to control.
Many investors started out by driving through neighborhoods, writing down the addresses of ugly or vacant houses and then sending “we buy houses” letters and postcards to the owners. It’s called “driving for dollars,” and it has made many investors a fortune. I should know because I’m one of them!
Here are six easy steps for tapping into the vacant house goldmine…
When I am considering investing in an apartment building, the ultimate question in my mind is: Is this a good deal? I know that sounds obvious, but I am amazed at how many investors don’t know how to recognize a good deal.
Learning to recognize a good deal takes research, education, and experience….
This article completes our series on “wholesaling” real estate. So, I’d like to give you a few more ways to get wholesaling prospects. If you are wholesaling real estate, you need to know how to find motivated sellers. Here are a few ideas that cost a little money, but bring results much faster.
Then, let’s talk about the four most important questions you need to ask your prospects…
If you follow the news, you’ve likely become concerned about the state of the housing market. It’s no wonder. Just open up the real estate section of any paper, and you’ll see nothing but negative headlines.
For guidance in troubled times, who better person to turn to than Warren Buffett? Here are 13 of his most famous quotes translated it into practical advice for real estate investors like you…
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