Author: Nick Flash
Source: ezinearticles.com
I was recently talking with a family member of mine who really wants to get into the real estate investing game. He wanted real estate advice from me. He told me he would like to invest because it seems smart and wants to basically be rich and have residual income. Who doesn’t? So,I gave him a bit of advice about the business. Later on I started thinking about some of the real estate advice I had given him and realized something. I had neglected to give him the most important real estate advice one could give. That’s what I will talk about to today. The fact that being successful in any business is all up to you.
Making money and becoming successful in life is a choice. Choose to follow logical systems of making money and become emotionally detached and you will become rich. That may seem too simple to be true but it is the truth. The reason most people fail at real estate is not because of details or some unseen force that’s just out of their control. It’s because of mistakes they make.
Do yourself a favor before becoming an investor and start taking full responsibility for your failures as well as your successes. Acknowledgment of failure allows you to fix whatever went wrong and not make the same mistake again. Acknowledgment of success invigorates you and allows you to recognize what works and pat yourself on the back.
Learn a simple and easy to understand system that works in making money in property investing. Find the framework for your success and then take full advantage and build your further knowledge through experience. Success is not for the weak minded or weak at heart, and blaiming failure or success on something other then your own decisions is for people who are to afraid to learn by doing. Experience is your best teacher. That’s perhaps the best bit of real estate advice I can give you.
If you can get a grip on those principles, then I fully encourage your to get out there and make a killing in property investment. If your prepared and ready for the next step, then it’s time to discover the right system of making money in this great business. I suggest you go to my website called Blue Collar Real Estate and soak up what I have to offer: A full real world and working real estate investing guide/framework awaits you there.
http://www.bluecollarrealestate.com/
Author: Mike Lautensack
Source: ezinearticles.com
Negotiating is one of the greatest assets that you can possess as a real estate investor. Good negotiating skills are an asset and can be applied in almost every aspect of life. However we will discuss the effectiveness of this trait within the real estate context.
The basic element of good negotiation is timing and proper selection of words. Below are some suggestions for negotiating discounts from sellers and getting the price you want.
Never Suggest the Price
There is an old saying regarding negotiations: Whoever names the first number, loses. The phrase holds true in almost every business including real estate. What you must always do is to get the seller of the house or property, to let you know how much he wants. The reason is simple. If the seller has a benchmark of $100,000, and you offer him $110,000, He will never disclose the amount for which he would have gladly agreed if you had negotiated with him. This way you will lose $10,000 without even knowing it.
The above rule can apply to an inexperienced seller but if you come across a skilled seller, he will not be willing to divulge the amount before you give him a number. In that case you follow a different approach.
Ask What the Property is Worth
In case your seller is as experienced as you are, you can arrive at a near figure by asking his opinion about the prevalent prices of such properties in the vicinity. The seller will be obliged to reveal a figure. That figure will give you a starting point. Once you have a number, you can start negotiating it and try your best to bring it down.
Do Background Check on the Seller
The most important aspect of good negotiating is to think like the seller. A little background check on the seller may reveal whether he needs to sell urgently or not. If the seller can stall the sale, he will more probably gauge a few buyers before finalizing the sale. But if he needs to sell urgently, he will be more willing to make concessions. In the later case you can also suggest that the price is too much for you and thus you cannot purchase the property. In that case he will be compelled to lower the price.
Always Try To Deal in Cash
You will get real edge in the negotiating process if you are paying the amount in cash. There is a saying in business circles: Cash is King. If you are willing to pay the price of a property in cash, the seller will be more than willing to cut the deal immediately since he will be getting the whole amount immediately. Also, during your negotiations, keep reminding the seller that, since you are paying the amount in cash, you are entitled to some concessions.
The idea behind the above exercise is to get the seller to give you discounts, which means that the final agreed price is agreeable to both of you. Always be fair in your deals. Do not try to bring the price below a reasonable level just because you know that the seller is in a jam and will be willing to sell the property for peanuts. Be fair in all your dealing. A great deal is one in which every party gains something.
I invite you to learn more about Real Estate Investing and become a member of our FREE weekly tele-seminar class where we teach tips and strategy on how to grow your real estate investing business and how to raise Private Money by going to http://www.realestatewealthtoday.com/TuesdayTipsSignUp.html.
Mike Lautensack is a full-time real estate entrepreneur, coach and mentor in Philadelphia, PA and creator of the Private Lending Presentation Kit. This powerful done-for-you kit is loaded with tools and techniques to attract and develop a consistent stream of private investors into your real estate business. To learn more about this kit and receive your FREE eBook go to Real Estate Investing Blog.
Author: Thomas Kinsey Schneider, Ph.D.
Source: articleage.com
Why Real Estate?
Real estate is security, a source of wealth and a path to
prosperity. Real estate is the Great West, where new-age cowboys
roam million-acre ranches on horses and Humvees, against a
backdrop of majestic snowcapped mountains. It is a 50-story
luxury condo in downtown Manhattan where millionaire bankers
relax with a paper and some fresh fruit on a balcony overlooking
Central Park. It is a modest one bedroom one bath house on the
wrong side of the tracks. It is a palatial 6 bedroom, 7 bath
stone French Tudor, with wine cellar, nestled into a private
cove on an exclusive lake in Texas within a private gated
community. It is a piece of the pie. It is your home, your
neighborhood, your piece of mind, your investment portfolio.
Real estate is all that and more.
Anybody can get rich in real estate. Yes, you have to be
motivated and dedicated to your goal. But you don’t have to be
an investment banker, or a university professor or a hot-shot
dot.com executive. If you have the desire to change your life,
and are committed to becoming one of the rich instead of the
want-to-be-rich, you can! That’s because real estate is a great
path to great wealth. But be clear, real estate is not a
get-rich-quick scheme. You need to learn the most important
basic principals of real estate, and then prudently put them to
practice in the real world. We show you how at
www.realpropertymillionaire.com. If you are ready to learn, we
are ready to teach you!
Becoming A Broker
If real estate wealth is your goal, you might consider getting
your real estate license, or even your broker’s license.
Most real estate transactions in this country include the
services of real estate agents. The agents serve a valuable
purpose during the course of the transaction by providing
expertise in several areas:
1) Market analysis 2) Sales price negotiations 3) Document
preparation and execution 4) Liaison between the buyer and
seller 5) Facilitator of ancillary services such as title and
escrow
In a real estate transaction not involving an agent, the buyer
and the seller must be responsible for all of the duties that an
agent might normally perform. In some cases this can create
problems that could result in a failed transaction or worse,
including legal problems after the deal has closed.
Serious real estate investors would therefore be wise to take a
close look at the advantages of obtaining a real estate broker’s
license. Obtaining broker’s license is not as difficult as you
might imagine. Each state will have its own set of rules and
regulations, but the process is more similar than different
across states. After all, real estate is real estate no matter
where it is found.
The benefits that can be derived from having a real estate
broker’s license can be grouped into four categories.
Commissions
Commission dollars can be used as additional capital. Typical
real estate commissions to the buyer’s or seller’s agent will
range from 2% to 3%. With a sales price of $500,000, this would
equate to $10,000 to $15,000 additional capital that the
investor would have at his disposal. This could make the
difference of success or failure in a PONOMO property. Of
course, this amount can be much more significant with higher
priced properties.
Multiple Listing Services
Investment properties can be found more readily. An investor
with a real estate broker’s license would have at their disposal
easy access to the multiple listing services (MLS). Having the
MLS at your fingertips is a distinct advantage to the savvy
investor for several reasons. First, such access allows the
investor to locate properties easily and quickly, in some cases
the moment they become available. Second, in many cases the MLS
will contain remarks generally unavailable to the public. These
remarks can provide insight in to the seller’s motivation or
other pertinent aspects of the property. Additionally, data from
the MLS allows for a thorough market analysis of the property.
Control
The investor can gain more control over the transaction. Without
having to rely on the services of a third party, the licensed
real estate investor will be able to exercise more control over
the entire transaction. There will be no reliance on anyone else
to search for properties, execute documents, or generally guide
the transaction. The licensed investor can operate at a pace
that is suited to his particular need.
Exit Strategy
Investment properties can be listed for sale under the control
of the investor. When the time comes for the licensed investor
to dispose of a property, he would not need to rely on another
person to list a property on the MLS. That gives the investor
greater control of the property description, timing of the
listing, and conditions under which the property will be shown.
The vast majority of properties are sold through the MLS, and
there are clear advantages of having control over that process.
Of course, just as with a purchase, there would be a tremendous
commission savings as well.
Broker versus Salesperson
The real estate world makes a distinction between a real estate
broker’s license and a real estate salesperson license.
Typically, a real estate broker may exercise autonomy throughout
a transaction, while a salesperson must be under the supervision
of a broker. A real estate broker’s license will offer confer
upon an investor the benefits as described above. A real estate
salesperson would have some of the same advantages, but he would
not be able to exercise as much control over the transaction,
and would have to give up a portion of the commission to the
supervising broker.
In most states, a real estate salesperson license can be
obtained after completing a short state-approved course and
passing a written state-administered examination. A real estate
broker’s license will involve additional course work and a more
comprehensive written examination compared to a salesperson
license. Some states will also have some type of college
education requirement or work experience to obtain a broker’s
license.
The best approach to investigating how to obtain a real estate
broker or salesperson license is to use an Internet search for
the Department of Real Estate in whichever state you are
located. The effort in obtaining such a license will be rewarded
with the very first transaction in which you earn a commission.
To learn how to generate wealth through real estate, go to
www.realpropertymillionaire.com
Author: Allison Manalang Ayson
Source: ezinearticles.com
If you want to try and be the one of the successful Miami real estate investor, then you should need to learn things that will put you on the top investors in Miami. It is not easy to know things in just attending seminars and listening to the resource speaker, if you really want to be successful in investing, then you should consider taking short course about real estate investing.
Being educated and all is really a big help in learning the terms needed in doing some business and transacting in the real estate industry. Terms usually used on real estate investing are usually are not a common term that a layperson use. It actually needs some knowledge and understanding so you will have the guts to do any kind of transactions on the market.
Of course being educated is not enough; you must at least have some experience in dealing with different people in the industry. And as a newbie you may start with being an agent, and as an agent you need to learn your role in business. You have to acquire skills, learn how to buy and sell a property. It is also important that you have good communication skills, as an agent you have to learn how to sell property, learn how to boost the property you are selling and bid the maximum asking price that is appropriate enough to the features of the property. If you are looking for a property to buy, you must have at least some knowledge on knowing the market value of a home which is usually depend on the location and the property itself.
After learning those skills of an agent, you can apply and take licensure exam to be a broker. It is not that easy to be a broker, you have to pass licensure exams and have a full understanding of the industry. As soon as you have passed government licensure exam to be a broker then you are on your way to your next step to be a successful real estate investor.
To be successful requires many steps and patience, there is no such thing as instant in the industry, everything should be done by working hard and having experience in different field of real estate, Miami real estate is a market where a lot of investors started as an ordinary agent. With the perseverance that they have to be successful, they are rewarded on the hard work they have done when they have start doing business in the industry.
Miami Real Estate Allison Manalang Ayson writes for Jump2top.com – SEO Company
Author: Chris Anderson, PhD
Source: articleage.com
Have your heard there is a new real estate investment guru in
the marketplace? At night, he has a part time job as a national
stand up comedian and without the audience even knowing, he
gives them fantastic real estate investment advice. His name is
Larry The Cable Guy, and these days he performs to packed
audiences purely because of his real estate advice, I am sure.
So what is his secret advice to getting good real estate
investments? GET ‘ER DONE!
In all seriousness, I don’t think the Cable Guy is actually
giving real estate investment advice but he should. If you will
remember his famous “Get ‘er done” phrase, it will serve you
well in the real estate investment. Early in my real estate
investment career, I bought single family houses and then turned
around and resold with owner-financing in place. As I was
beginning this activity, the HARDEST part was finding good
investments on a consistent basis. Why? Because I had no track
record and thus nobody would help.
When I approached realtors for help, they would be friendly but
rarely brought any good projects. I didn’t understand why
because I KNEW I was very serious about buying. However, most
realtors really doubted that I would buy the houses if they
brought them to me. Having been in the real estate investment
business for a while now, I certainly don’t blame them. What
realtors rapidly learn is that 90% of investors will back out
when it actually comes time to close. So they do all this work
and don’t get paid.
But like many things, after you struggle through your first
couple of real estate investment deals, then you start to gather
a reputation of actually getting deals done. Before long, there
was a couple of realtors who figured out I could “Get ‘er done”
and started to bring me more opportunities than I could handle.
This was a HUGE turning point because now people call me, tell
me about a real estate investment deal, and ask if interested.
All of this required ZERO work from me! Today, I still
occasionally pick up houses and primarily use one realtor who
knows that if I give her the go ahead to look, then she will get
an immediate pay day if she brings something that meets my
criterion.
As I got more and more into preconstruction real estate
investments, I got another rude awakening. Even though I was
serious about finding investments and had decent connections, as
a single individual, I was pretty much irrelevant to developers
and major brokers with large preconstruction projects. Why? I
was buying 1 unit and they might have 400 to sell. While they
were happy to get my purchase, they would not go out of their
way to find me other good projects and deals…. It was like I
had to beg to get in.
Over time, there was a small group of us that formed that had
more power but still, had almost no ability to interact with
developers and get better real estate investments. As time moved
forward, GetPreconstructionDeals.com was formed with the idea
that by surrounding ourselves with a group of investors, we
could now enjoy some of the perks of being able to “Get ‘er
done” on a larger scale. Today, with that ability, we get to
look at a lot of projects and opportunities that most outside
investors never even know about.
This month, we will run a series of articles on take full
advantage of investing “with the power of thousands”. With a
strong group of “Get ‘er done” investors, it really becomes
amazing at the real estate investment opportunities that arise;
and this is true if the real estate market is booming, flat, or
declining.
We will also use this article series to introduce a major new
feature to GetPreconstructionDeals.com: an real estate
investment open forum and “town hall meetings” to help investors
group into smaller, more common interest areas. At our web site,
we obviously introduce a wide range of projects from
preconstruction condos, town homes, mountain and coastal
property, condo conversions, international and domestic, etc.
We will be taking steps to help gather “Get ‘er done” investors
into smaller, real estate investment interest groups with a
tight focus on the types of projects they desire. The real
advantage for you is that if you are looking for a specific
investment type (or even location) and there are others that
share your interest, we can then really help these groups find
the types of projects meeting their needs. We believe this will
be a tremendous benefit to not only investors but developers as
well.
So we hope you will join us this month as we really outline the
steps for you to achieve your real estate investing goals,
regardless of market conditions.
Author: James Gossette
Source: articlesbase.com
Investing in real estate is one of the best ways to sustain the needs of your family. Despite the ongoing economic crisis, many real estate investors can still rack up big profits as if the uproar created by the recent housing bubble didn’t affect them at all. In fact, some of them have even taken advantage of the growing numbers of foreclosed and real estate owned properties, or REOs, which were byproducts of the country’s financial problems. If you are interested in joining the prolific world of real estate investing or REI, then you should equip yourself with proper information to ensure your success in this industry. To give you an idea, listed below are some of the things you should consider before starting you career in the real estate business: • Do some research. Like in any other business, you should know the ins and the outs of the housing industry so you’ll know what to do to attract great deals. Conducting research also allows you to learn more about your target market and use that knowledge to your advantage. • Attend related forums and seminars. Sometimes, studying on your own is not enough because there are times that you need to hear the explanation of an expert to fully understand an important concept. By attending seminars, you will be able to gain valuable pointers and information that you won’t get when reading manuals. • Befriend likeminded people. Although they can be your rivals or competitors, being friends with your fellow real estate investors won’t hurt, especially if you’re new to the business. By interacting with them, you can gain insights to the latest market trends. They might also teach you a thing or two about successful real estate investing. • Signing up for real estate courses can help, too. Programs, like those provided by REI Wired, can significantly boost your investing skills. To give your REI business a good start, just follow these simple pointers. But if you want to learn more about real estate investing and other useful investing tips, visit www.REIWired.com .
The RehabList.com real estate investing program was formed to bring together the wholesale finders of single family homes in need of repair, Realtors, independent “finders or birddogs” and home sellers with the rehab customer.
Author: Ismet Terziu
Source: ezinearticles.com
As a NATO member there will be more guarantees and confidence for investors in all fields.The next goal for Albania is to become a member of the EU. With EU application already filed, signs are that if Albania will fulfill all the settargets by the EU, thenAlbania may become a full member by 2015.
Albania has seen many changes in the last decade or so, with tourism increasing plus many major investments in various sectors, which are helping to create many jobs throughout the region. However many resorts and quality hotels are in demand therefore there are opportunities for investors to invest in hospitality and tourism industry.
This is expected to be just the beginning for Albania which has everything to offer from stunning coastline, two Seas (Adriatic and Ionian seas), excellent climate, natural resources, rich history and great hospitality. There is so much to see in Albania if you visit.
Albania tourism is also on the rise with miles of unspoiled sandy beaches, archaeological sites dating back to Ilyrians,very cheap accommodationprices and direct flights to Mother TeresaInternational Airport in Tirana from most of major cities in Europe. Also direct flights from New York to Tirana.
Albanian government have announced that they will assist and provide interest free loan/mortgages to 6000 homeless families throughout Albania which will be a further strength on the Real Estate property market and will increase the re-sale demand for the local market.
If such proposal will happen, this will create a huge demand for property for the local re-sale market. There are very cheap property in Albania including the coastal regions and the capital city of Tirana. Decent sized apartments in upcoming areas of the city cost from 35.000 Euros. The decent coastal apartments with sea views cost from 35,000 Euros.
Furthermore, Albania property market is mainly based on local market demands therefore Buy To Let apartments (especially in Tirana) area fantastic investment opportunity.
With almost one third of the Population being expats, most of them wanting to have a property back home. Such demand is expected to keep the local resale market strong and active.
Local real estate agents Albania Propertiesrecommend that the Albaniaproperty market willcontinue to grow for the next five years or more to come especially for land and private houses.
For more information visit: http://www.holiday-property.net or http://www.albania-properties.co.uk.
Albania Properties is experienced Real Estate agency specializing in Albania and Balkan Property Market.
Author: Ko Fai Godfrey Ko
Source: ezinearticles.com
The financial crisis in 2008 has swept through the world and washed out giant investment, however, people never stop buying property and with cheap houses everywhere, there seems to be more opportunities. With the popularity of Internet, potential home buyers can browse the listed properties online during their free time, and making a website one of the most important marketing channel for any real estate company.
Many real estate agencies have jumped in the Internet band wagon to tap this lucrative opportunity but they are unable to standout or compete with mushrooming websites with a very similar look and feel.
If you have a real estate website you can stand out of the crowd by using interactive flash maps that can show hot selling properties all across your area of operation.
Online deals close very quickly and interactive maps help people make these decisions. Potential customers often base their decisions on what they see on the websites and their online experience can be enhanced by interactive flash maps that display the information they are looking for visually.
Most people are busy today and have little time to take their cars out and visit properties all over the city. They want to buy/rent house in the same way they make their other purchases-on the Internet! Customers will find it easier to log in and browse the websites of Realtor who have a flash map of their city. They will be even happier to run their mouse over the map and click on the properties highlighted for sale or rent.
A contextual and informative flash map can be created without any coding knowledge through solutions available on the web. These software applications are affordable, easy to learn even for beginners, and let you make customized maps according to your needs. If you are targeting local customers you can show the information about a suburb or local council with mouse rollover tool tips. You can even include the phone number of your best sales man.
Most map making software offers a variety of interactive map templates to choose from, and also allows importing of static images which you might capture from other online resources related to your metropolitan area. Add as many points using icons and labels and have fun drawing lines to show routes. If you need to include the map during a meeting with potential clients you can easily export an interactive map to JPG for PowerPoint presentation.
Some properties need special mention in real estate websites and you can do so by using the zoom function featured in the interactive map templates. This interactive function will help your customer to find information about the property faster, and increases the opportunity of closing of deal. Use the corresponding interactive maps for states, counties or cities and leverage these powerful tech tools to improve your real estate business.
Visit our website today to download a free trial version of interactive map software that does not require coding and programming to create an interactive real estate map. You can also find web design software including a flash gallery, music player, video player and flash website creator.
Author: Peter Narodny
Source: ezinearticles.com
There is probably no sector of the sales community which has advanced more technologically in the last 10 years than has the real estate world. Markets and inventories move faster than ever before. Any Marin real estate agent who intends to compete realistically in this market will leverage to their advantage the various technological resources they have available. For their clients, this means that there is more access to new homes on the market and that the client can be a much more active part of seeking out the right home.
A Marin real estate agent is competing in one of the most challenging markets in the Bay Area. This market has consistently been one of the top performing and represents one of the more affluent areas of the region. It is popular with those who work in the city and who want a shorter commute into San Francisco itself. It is also popular with individuals who are in the process of raising a family and who want an environment that is characterized by being quite safe and friendly. The wide variety of architectural styles available also constitutes one of the primary selling points of this community.
Because this market moves so quickly, one should always make efforts to stay in constant contact with their Marin real estate agent. These agents have to stay on top of the inventory at all times and, in some cases, just the right house might come available and they may want to be in immediate touch with their clients. These agents understand the speed with which one must respond to a good offer when it becomes available. There is hardly ever a lack of demand for housing in this area. Individuals attempting to navigate this market themselves will find that the services of a realtor are very much to their advantage.
Look for a Marin real estate agent who maintains a website on which one can have a look at the latest listings. This helps to open up a venue of communication between realtor and client which can avail them both of the best opportunities on the market. Many agents will wish to take their clients on a drive around the community on several different occasions. This can be a bit time consuming but it is the single best way for the agent to give their clients a feel of the different neighborhoods.
Peter Narodny offers over 30 years of experience to home buyers and sellers in San Anselmo real estate and Marin real estate.
They are the top San Anselmo realtor team and have sold over 400 homes in the last ten years alone. If you’re looking for a Marin realtor that offers the most sound advice and knowledge of, then visit MarinRealEstate.net today.
Author: Serge Daudelin
Source: ezinearticles.com
Who does not want to have his niche in the real estate and market and own lucrative real estate properties? Moreover, at this time, when the stock exchange is not showing the desirable improvements, the real estate market is one of the most potential domains for investment.
Most of us believe that family homes for nuclear families are one of the most important form of real estate investments. Though, at the same time, it’s not mandatory that you should have your own home in case you need to invest in the real estate market. Thus, most of the investors follow the same trend of investing, which they once had adopted for getting the right house for themselves. No doubt, such concept, when applied, turns to be familiar and the curve of learning the entire phenomenon of investment is also very comprehensive and concrete.
At the same time, this concept is also bustling with several drawbacks. The first reason the cut throat competition existing in the real estate investments. At the same time, the long time investors and property dealers, artificially create the inflation in the prices of the real estate properties due to which the first time buyers gets very discouraged.
Thus, it’s very important to know how to beat the competition in the existing real estate market and make successful investments in these properties. Commercial real estate is one of the most applicable and comprehensive approaches to go for.
But then, why commercial real estate? In the entire concept of the local real estate dealings, the commercial real estate marketing tends to be one of the solid investments, in good and disappointing times. The apartment buildings which are multi-unit in structure are the most important features for the commercial real estate properties.
If you follow this concept, you not only tend to become the land owner but at the same time, you do not have to do all the work by yourself. The rent income is enough to recover the expenses of your area.
If the apartments have more than five units, they are considered to be the most pivotal aspects of the real estate markets. Thus, either you can opt for bigger buildings or go for apartments which have multiple small units. You will definitely have more cash flow and your income to expenditure ratio will be properly maintained.
At the same time, investment in the homes for nuclear families also assures profitable cash income. In case, the house is rented, even then, the income made out of it is substantial.
On the other hand, the advantage of the commercial real estate is that the appreciation value of the buildings is directly based on the rent income rather than the comparative value appreciation of the other different apartments and buildings.
It depends on you that whether you want to go commercial real estate markets or for the smaller homes for the nuclear families. Whatever, the case might be, you must be ready to face the initial loss in the dealings, which will later add to your expertise in terms of real estate dealings.
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Serge Daudelin is a Search Engine Optimization specialist and consultant who has written over 300 articles in print and 5 published ebooks. Serge is dedicated to helping others and offering the best information on how to make more money online.