Friday, May 9, 2008

Making money in the real estate market

It's no secret that there is a mountain of money to be made in the real estate market. Hundreds of thousands of people across the country are making money without risking money or credit. Contrary to popular belief, however, you don't have to have a lot of money to start with. If the property you are eyeing has government outlets like the post office, the automobile insurance board or the government-sponsored health centres, these buildings qualify as hot property. Long leases will ensure that a property will be rented or leased for long periods of time, not just a year. Some commercial leases for example go for as long as 5 or 10 years. Your only expenses are some marketing materials and about $100 for an option deposit.. If you're wholesaling, Ten Bucks will suffice.

Wednesday, May 7, 2008

Depending on the location, most details are available online

Below are a few things that will lead you to the good deals that you're looking for:
1. Divorce , 2. Imprisonment or Court Costs, 3. Loss of Job – Foreclosures, 4. Bankruptcy, 5. Death
6. Job Transfer, 7. Bad Tenants (Contact Landlords who have filed evictions). Most of the above types of people can be found by looking through the public information in your local court-house records. Depending on the location you prefer, most of these details are available online. Situations such as Loss Of Job can be found by looking through the foreclosures and knocking on such person’s door. You need to focus your attention on people with these types of situations.

Sunday, May 4, 2008

Real estate investment and barriers

As a real estate investor there are some barriers which keep you from being successful. You want to be a Real Estate Investing Millionaire, but for some reason you can't seem to find good deals on houses. This is a natural enough reaction from people who are asked to take a risk with their investments on a daily, almost, basis. Going around with a Realtor, driving around nice neighborhoods, looking for Sale signs, looking on the web, telling a few people that you buy houses, etc are the most common ways that people adopt. These are a major waste of time. What you are doing is looking for deals on houses and not looking around for people who need to get their problems solved. Spend time knocking on the doors of homeowners in foreclosure. These people usually have serious issues that need to be solved. No one sells their house at a serious discount unless they have to. You should be ready to put in all that hard work that will free you from the daily wage-slavery you are in. If you think you have understood this, feel that the time has come and you are prepared to learn, then this should be the first step in a journey that will take you to the rest of your life.

Thursday, May 1, 2008

Avoid dealing with Realtors

As real estate investors, we buy houses from people that we need to sell, not that people want to sell. When you are dealing with a Realtor, 9 times out of 10 they will show to you are nice houses, owned by people that have no urgency to sell. Avoid dealing with Realtors. Not saying to completely alienate yourself from them - that can be foolish. Just network with them, and let them know if some killer deal comes along, and you can close with cash quickly. Detail about what you are looking for, and that's when they will call you. Don’t go around looking at houses with them. Many realtors are not trained to look for the types of deals that we are looking for. Actually, they will probably tell you that it is not possible to find the kinds of deals that we do.

Tuesday, April 29, 2008

There are many courses which purport to show how to invest in real estate

While there are many courses which purport to show how to invest in real estate, only a few actually tackle emerging markets in our country precisely because there is a lot of skill required to correctly identify them and then take advantage of them. If you are not yet ready to leave the rat race behind and embrace a future where your hard work allows you to enjoy anything you really want then maybe you are not ready to take advantage of any kind of real estate investing, never mind investing in the tough environment of an emerging market. The first thing to tackle of course is your own motivation. In order to be successful in any kind of real estate investment in an emerging market you need to do some careful analysis, you need a lot of drive and the vision to see what few others can see clearly at that stage.

Sunday, April 27, 2008

With a long lease option, you can then sell the property for high price

A lease option has more longer term than a straight option - usually for a period for as long as one year or longer. Some lease option will even stretch to three years, depending on the whim of the seller. While your lease is ongoing, you can rent out the property and be in a positive cash flow. The second advantage is that the property is appreciating in value. If you have a longer lease option, you can then sell the property for the highest price you can get. Most new investors, and plenty of more experienced ones too, like to stick to what - and where - they know when it comes to investing their hard-earned cash in equities.

Thursday, April 24, 2008

Emerging markets

Emerging markets are which are in the grip of a sudden growth or are in receipt of government incentives which help spur growth. A savvy real estate investor will be able to understand what makes the emerging market attractive - by learning the trends right from the start. In this perceived simplicity hides a world of some complexity on how you correctly identify an emerging market, how you go about finding the right real estate investment opportunities in it for you and how you then go about taking advantage of these while minimizing the risks, as much as possible, for yourself. A savvy real estate investor identifies the opportunities in real estate properties that he should invest in and makes the maximum amount of money in the shortest time possible.