Real Estate Success
by: Steve Gillman
Real estate success? It happens by way of the many things you repeatedly do right, and it is your habits that ensure they get done. Here are some habits to develop for your real estate investing success.
Ask for people's names, and tell them yours. People are your most valuable resource in real estate investing. The more you know, the more likely you are to find good properties, or buyers for your good properties. Get to know the right people too. Start with a real estate agent that gets many listings of the type you are interested in. Wouldn't it be nice if he called you first?
Think numbers. Think people first, but know the relevant numbers. Ideally, when you look at a rental property, for example, you should be thinking about the income, the expenses, and the cap rate. You should be imagining how certain changes would allow you to raise the income, and what that would do to the value. Having a "feeling" about a property, and ignoring the numbers, gets investors into trouble.
Carry supplies. Always have at least business cards, pen and paper on you. You never know when you might see a property for sale, or hear about one. Mention that you invest in real estate, and sellers, buyers and other investors suddenly appear with information, opinions, and sometimes deals. Be ready.
Think risk reduction. Put those inspection, financing, and other contingency clauses in the offer, so you will get your deposit back when a deal falls through. Know your exit strategy before you buy. Find value by comparables, not "hunches." Buy properties through your corporation or LLC. Always look for ways to reduce the risks.
Real Estate Success Is Found In Action
Set action-oriented goals. Get in the habit of taking regular steps towards real estate success. Require yourself to look at a certain number of properties, and maybe even to write a certain number of offers each month. Set at least minimum goals for all sorts of little steps, like making five phone calls per week, checking online for new listings twice per week, and so on. Action creates momentum, and repeated action creates habits. Good habits lead to success.
Finally, learning more about investing from books, magazines and even tapes or CDs is a great idea. Just be sure to spend as much time doing something as reading about it. Some of us let our fascination and enjoyment of reading about investing get in the way of actually investing, and of our real estate success.
About The Author
Steve Gillman has invested in real estate for years. To learn more, get a free real estate investing course, and see a photo of a beautiful house he and his wife bought for $17,500, visit http://www.HousesUnderFiftyThousand.com.
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Real Estate Investor Question: Rehab and Sell, or Rehab and Keep?
Real Estate Investor Question: Rehab and Sell, or Rehab and Keep?
by: Bruce W. Ford
Here's another awesome question I received from my discussion board. The question; Why bother keeping property after it's rehabbed? Why not sell it after the rehab and GET PAID!
Of course, the first questions that you must answer is how emergent is your need for quick cash? You can likely generate the most SHORT TERM cash by selling a freshly rehabbed house. But, you will give much of it away in taxes come next April.
If you keep it, you stand to make more! You will also enjoy some great benefits while you own it such as cash flow, a tax break, and MORE cash with the future appreciation. You can still pull some nice cash a few months after buying it when you refinance (post rehab) the property from your hard money (at 70% loan to value) to long term financing (at 85% or 90% loan to value).
The short answer is an investor is going to make considerably...
Real Estate Investor Question: Rehab and Sell, or Rehab and Keep?
Real estate > Real Estate Investor Question: Rehab and Sell, or Rehab and Keep?
Real Estate Website Scams
Real Estate Website Scams
by: Bob Schwartz
Many still say the Internet is like the Wild West. When it comes to the proliferation of scams, this is certainly true! As webmaster for over two dozen legal, real estate, and other business oriented websites, we receive a lot of email and phone solicitations. Often our clients ask our opinion on an Internet service or software product. We have researched and found the majority of offers directed toward real estate firms are what I call the half-truth variety.
It is interesting that these offers directed at small to mid-size firms are like live Internet viruses, they seem to mutate over time. The core remains, but, the exterior packaging (a.k.a. sales pitch) appears totally different.
One of the most enduring of such Internet scams is the offer to list your real estate site in an Internet real estate directory at what appears to be a huge savings over a legitimate real estate directory. The...
Real Estate Website Scams
Real estate > Real Estate Website Scams
Selling Real Estate on eBay
Selling Real Estate on eBay
by: Dan Farrell
Selling real estate over the internet may sound like an awkward idea. However, the exposure the real estate receives over such a widespread media like the internet is every realtor?s dream.
Can eBay be used to market real estate? The answer is a resounding ?yes!?
eBay provides functionality that is clearly adaptable to the needs of most realtors. It provides a widespread medium of advertisement for the real estate. It is also a relatively inexpensive method of advertising.
One of the best things about selling real estate on eBay is that it "markets" to many areas around the world, not just a local area. Advertising on eBay makes the property available to more than 100 million potential buyers, including those from other countries. Visitors can browse through the property details 24 hours a day, 7 days a week ? all without the realtor having to explain the details about the property to every...
Selling Real Estate on eBay
Real estate > Selling Real Estate on eBay
Selling Real Estate on eBay
Selling Real Estate on eBay
by: Dan Farrell
Selling real estate over the internet may sound like an awkward idea. However, the exposure the real estate receives over such a widespread media like the internet is every realtor?s dream.
Can eBay be used to market real estate? The answer is a resounding ?yes!?
eBay provides functionality that is clearly adaptable to the needs of most realtors. It provides a widespread medium of advertisement for the real estate. It is also a relatively inexpensive method of advertising.
One of the best things about selling real estate on eBay is that it "markets" to many areas around the world, not just a local area. Advertising on eBay makes the property available to more than 100 million potential buyers, including those from other countries. Visitors can browse through the property details 24 hours a day, 7 days a week ? all without the realtor having to explain the details about the property to every...
Selling Real Estate on eBay
Real estate > Selling Real Estate on eBay
10 Tips for Successful Real Estate Property Investment
10 Tips for Successful Real Estate Property Investment
by: Rhiannon Williamson
Just because real estate prices seem to have hit a temporary ceiling in many countries around the world, that doesn?t mean that profits from property investments are hard to come by.
Even during a real estate market slowdown, stagnation or depression profits can be made locally and overseas.
This article shows you the top ten tips that real estate investors apply to their property portfolio building strategy to ensure success from their investments.
1) Research the curve - the concept of a property market cycle existing is not myth it?s a fact and is generally accepted to be based on a price-income relationship.
Check the recent historical price data for properties in the area of the country you?re considering purchasing in and try to determine the overall feel in the market for prices currently.
Are prices rising, are prices falling...
Real estate > 10 Tips for Successful Real Estate Property Investment
How to Become a Successful Real Estate Developer
How to Become a Successful Real Estate Developer
by: Rhiannon Williamson
Real estate investment and development has never been a more popular pastime or career changing challenge; if you would like to learn seven secrets for consistently successful real estate investing through development or you would like to know how you can continue to profit from property even if the market takes a downward turn just read on?
1) Do Your Location Homework ? did you know that through successful and sustained location research professional property investors actually continue to profit during a market down turn?
It?s true - whatever the market conditions you can apply their location research approach to your real estate investments and also make consistent profits from property.
Take the necessary time to learn all about a town or city you?re considering for your next property development purchase and discover where the up and coming areas of...
How to Become a Successful Real Estate Developer
Real estate > How to Become a Successful Real Estate Developer
Create Your Own Digital Library
Create Your Own Digital Library
by: Jelaine Macaraeg
The moment you got your first digital camera, your view of the world has totally changed. You always seem to see something beautiful or artistic in your surroundings, worthy of being captured in pixels. You experiment quite a lot and keep on loading your pictures in your computer. Until one day, you thought of working on a project. You?re sure you have the kind of picture you need ? you knew you have it...
photo printer Create Your Own Digital Library Real estate Real Estate Success
Real estate > Create Your Own Digital Library
razr phone Real estate Real Estate Success
razr phone Real estate Real Estate Success
Life Assurance
Life Assurance
by: Gary Tallon
Planning for your future life can seem like a time consuming burden when you have a young family. After all, where do you find the time in your life to think about things like life assurance while you're struggling to keep work and home life pressures in check? Our departure from this life though cannot be predicted. You and your partner may live a good life to a ripe old age, or you could pass away tomorrow. If the worst were to...
life insurance Life Assurance Real estate
Real estate > Life Assurance
Real estate
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