The term real estate investing in all probability makes you think of a number of things like hard money, real estate portfolios and real estate retirement plans, and then you may expand to thinking of short sales, bulk reo investing or virtual real estate investing. You may also consider what roles these things play in your life as a real estate investor in different economies.
You can learn a lot about real estate investing. You will get the most out of anything to do with short sales, bulk reo sales, virtual real estate and just improving real estate investor abilities by knowing some real estate investing basics. Check out these three real estate investing tenets that many experts do not fully know:
1. You will always end up with a positive yield when you take on real estate investing education. You can create thousands of dollars in potential wealth with each real estate deal. Knowing about getting that wealth is the key in the end to your success. Learning as much as possible about real estate will increase your odds of success whenever you do a real estate deal. A small investment in your education can yield big results when you use that learning. There are many online courses, your local MLS can point you to training and NAR the National Association of Realtors can also advise you about real estate education.
2. You can succeed in real estate investing regardless of the state of the economy. Many people think (wrongly) that you can only succeed in real estate when the economy booms. In reality, poor economies are great for real estate investors. You will likely find properties that you can buy at deep discounts. Additionally, you may find deals that would not exist in a booming economy. In fact, real estate investing can turn the tide for a poor economy. When the economy is not thriving, short sales, bulk reo sales and virtual real estate can all thrive. You can save yourself and others from major financial woes if you know how to do these deals.
3. You do not need to have a great deal of money if you want to be a successful real estate investor. You can succeed in the real estate investing arena no matter how much money you are working with. There are lots of transactions that you can perform with other people’s money. Private lenders will lend you their money if they think you are a good investment. A good investor will know as much as they can about real estate in the current market. This will help you represent yourself as a solid prospect to private lenders who do not know how to make money in real estate.
Real estate can generate a great return on your investment, knowing when to buy, when to hold and when to sell are critical to your profits. You can create income regardless of the economy. Using your knowledge of real estate investing, short sales, bulk reo sales and virtual real estate you will be able to create wealth for yourself.
Industry experts said that failed short sale deals are contributing to the increasing number of foreclosed homes in the country. Distressed homeowners who want to sell their properties at less than the amount of their mortgages watched …
RISMEDIA, August 6, 2009-Given the current foreclosure situation throughout our country, now, more than ever, is an opportunity for real estate professionals.
The transactional loan gives the investor flipping short sale properties access to money in order to close the home purchase transaction (the first transaction) when the original homeowner is ready to sell and the resale transaction …
The sales of homes for less than the amount owed the bank, known as “short sales,” have been widely viewed as an alternative that could help slow the foreclosure epidemic. In theory, delinquent homeowners escape a mortgage they cannot repay.
So far this year there have been 8 single family home SHORT SALES sold this year in Coconut Grove. The average length of time between the day these homes came on the market and the day they closed was 9 months.
Real estate listings – Internet Vs newspaper
Whether you are looking to buy a home for yourself or whether you are just looking to just in real estate, you will need to find out what is available in the market place.Internet and newspapers are the most common ways of searching real estate listings.
With internet gaining popularity, internet real estate listings have become one of the easiest ways of checking out the real estate market. Though the traditional method of looking for real estate listings (through newspapers) is still one of the most used methods, it is a very time consuming one. You have to read through various listings and sort out the ones that seem more suitable to you (and possibly write down the phone numbers and contact details on a piece of paper) and then call up the owners/brokers to fix an appointment for viewing the property (which may turn out to be a waste of time in the end).
Moreover, the newspaper listings generally happen on a weekly or bi-weekly basis. So if a deal has materialised in the meanwhile, there is no way you can check it without actually calling up all of the local real estate companies. On the contrary, the internet real estate listings (on a good real estate listings website) are updated everyday. And new real estate listings go up live as they happen on the internet(i.e. they don’t wait for the newspaper to get published).
So, if you have been using only the newspaper as your source of real estate listing information, you might end up getting stale information and missing the home of your dreams, or the ideal investment. As such, making the first offer can make a big difference when it comes to real estate.
Further, you don’t need to go through all the real estate listings in order to determine the listings that look suitable to you. Much like Google many sites today allow you to specify various search criteria/ filters in order to get only those real estate listings that you really want to look into. This is a big advantage when compared with newspapers where listings are generally classified just on the basis of location of the property. Thus you can save a lot of time here by browsing only through the real estate listings that are of interest to you.
There is no need to note phone numbers etc; you can just take printouts of the listings you want. Some websites also provide tools/ facilities to track the search criteria for you. You could even contact the listing agent by sending a message through the website (some websites provide such email type of facility). Another important benefit from real estate listings on internet is that some of them also contain images of the property. So you can have a look at the images and see if you like the property at all.
So, real estate listings on the internet do seem to offer a lot of convenience. However, internet or newspaper is really a matter of personal choice too.
Real estate advertising in newspapers boomed along with the funny money-fueled housing market, rising to what probably will be an all-time high of nearly $5.2 billion in 2006 from annual levels of approximately $3 billion at the …
During his 7 years working at the company, online Australian ad spend in real estate grew from around $7 million a year to over $180 million a year. In developed markets around the world, print advertising has pretty much dropped off.
It has always been customary for realtors to do a heavy amount of print advertising. The best marketing campaigns had real estate professional’s faces on the backs of phone books, on bus stop benches and all over the weekly newspapers.