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Many people ask me if I think the real estate market has bottomed out. I don't know. However, for a lot of people, now is the time to buy.
Look at the numbers. Every situation is different. My mother is a great example. She was renting a 2 bedroom, 2 bath condo for about $1300 per month. In ... Views: 2037
1. Come to a decision on what you're looking for in a house. While this might seem rudimentary, it really is extremely critical. Many times someone falls in love with one characteristic of a home, and will neglect other features as a consequence.
2. Be ready for the long haul. Even if you ... Views: 655
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10 Money-making Advantages of Real Estate Investing in Commercial Property - by Dr. Howard E. Haller - Professional Keynote Speaker on Intrapreneurship & Real Estate - Real Estate Expert, Licensed Real Estate Broker, Licensed General Contractor, Real Estate Developer & Investor, and Published Author.
10 Money-making Advantages of Investing in Commercial Property
Investing in commercial properties is the secret to success for many of the world’s most wealthy real estate investors. There’s no reason you can’t also build massive, passive cash flow; spread your investment risks; use leverage ... Views: 8126
Part 1: The Problem
I have found in my 14+ years of coaching Real Estate Professionals, that the ones who are flourishing are the ones who have mastered the “Inner Game” of lead generation.
They feel confident about picking up the phone, they market themselves consistently, their pipeline ... Views: 2217
Before you start to counsel owners about home improvements, remember these two rules:
* First and foremost, never counsel before you are hired. Counseling happens after a client-relationship is established. Attorneys don’t offer legal advice before their services have been officially ... Views: 1168
Foreclosures are to the real estate industry what repossessions are to the auto industry. It is the taking back of property by a lender when a borrower defaults on a loan. Since foreclosure laws vary from state to state, the time between first notice and public auction will also vary. Even ... Views: 748
Yes, it has been a bad real estate market in many ways (this is being written in early 2010). But there are ways to protect yourself when buying a home. If the following tips are coming too late to help you in your current situation, at least remember them for next time.
In May of 2006, at ... Views: 1055
Are you currently in the process of looking for a new home? If you are it’s important for you to know some vital steps to help you search for and secure your new home. In order to make home shopping a bit easier on you, we’ve provided a list of some helpful steps to take when house ... Views: 610
All agents are at different stages of their career and different levels of production. Each has their own philosophy for running their business and different levels of staffing for accomplishing it. I get asked constantly, “How do I compete with agents that have more listings, staff and ... Views: 1295
There can be numerous reasons to hold a Quick House Sale, from getting out of a rising debt and worries of repossession, to generating equity for travelling, or a divorce. Whatever may be the reason for selling the property, here are some options available.
Estate Agent
Estate agents can ... Views: 656
As a real estate investor, you know that leads are the most important element to a successful investment business. They can mean the difference between barely getting by, and becoming a million dollar producer. Even in this rough economy, investors who have created a successful marketing system ... Views: 1200
1. Banks don't like doing short sales
The fact is that all banks do short sales, some are easier to work with than others and some banks approve more short sales than others but regardless of how easy or hard they are to deal with banks have large departments set up to do nothing but handle ... Views: 618
I want to talk really quickly about the importance of working with a REALTOR®. I know this is probably gonna sound a little bit like a sales pitch, but I want to talk about a specific instance that I went through with clients.
I had some buyers that purchased a home, and there were some ... Views: 844
In any short sale transaction ALWAYS run a title report to view all the liens attached to a property. You must account for all liens on a property to qualify whether or not it is a short sale worth pursuing. Not understanding the different types of liens that can be attached to a property can ... Views: 2281
There are many ways to lose a home but signing away the Deed in a manner that destroys credit, embarrasses the family and strips an owner of dignity is one of the hardest things to swallow. For owners who can no longer afford to keep mortgage payments current, there are alternatives to ... Views: 562
Did you know that tax deed sales run the gamut of rock-bottom real estate bargains? With raw undeveloped land, agricultural and residential land, all the way up to condos and expensive homes, going up before a public auction, the bargains just keep coming.
Tax deed sales are not bank ... Views: 1209
Chapter 11 is typically a re-organization plan usually used by small businesses to keep their struggling businesses from going totally upside down by continuing to operate the financial activity while repaying off their creditors through a court-supervised plan of re-organization. ... Views: 634
Few things in life are easy, especially when you try and sell a property quickly in today's economic crisis. The financial market place has had a major effect on the property market and first-time buyers are virtually non-existent due to not being able to get a mortgage, not to mention the fact ... Views: 545
I was recently reflecting on the question, “What is the one characteristic that makes someone successful.” It was in one of those moments that you struggle to boil all of your knowledge down into one distilled thought. To remove all the dross of your thoughts to one true nugget of incredible ... Views: 1165
The "short" in short sale simply means that the amount paid at the sale of a property on behalf of the borrower for an outstanding mortgage is less than the amount owed. But there is nothing "short" about the process. In fact it should be called "long sale" because real estate professionals who ... Views: 2155
For first time home buyers, purchasing a new home can be a very complicated and scary process. Without taking the right precautions, the failed purchase of a new home can leave ones credit and savings in a catastrophic state. There are thousands of precautions to be taken into consideration and ... Views: 518
Have you ever thought why your home took a long time to get sold? Well, the answer will be quite straight forward. You didn't list your home as for sale by owner in MLS. Selling as for sale by owner has not been tough these days with MLS listing options available for you. Some people still ... Views: 953
Short sale real estate transactions have become all too common recently. As a result of the recent housing downturn, many homeowners now owe more on their mortgage than their home is worth. This becomes a major issue if the homeowner encounters financial troubles such as increased mortgage ... Views: 988
We all want an office in which the phone rings continually with offers of referral business. Does having this type of office sound like a dream? It doesn’t need to be such a far-fetched reality, though it requires diligent work with clients. There are a few key steps to creating a great ... Views: 1113
Real estate foreclosures include many problems from several perspectives to be sure. However, as is typically the case, where there are obstacles there also are opportunities, and with respect to property foreclosures, those opportunities are abundant indeed! But, are the available foreclosure ... Views: 896
Successful negotiation skills are an art form and must be mastered for you to achieve your investment goals. People who put negotiations on the back burner thinking that they’ll get by or they’ll let someone else handle the deal will often find that they end up with a whole load of work without ... Views: 1248
There are three main reasons novice investors fail in commercial investing: inaction, being cheap, and doing deals that shouldn’t be done. I can’t tell you how many times I hear young investors tell me the reasons why they haven’t reached their goals. Well, it’s time to get out of the slump of ... Views: 1443
Million dollar dreams are only an illusion without the proper vehicle to attain it. If you’re a serious investor looking for a way to obtain more wealth without the hassle and risk of building your financial empire one house at a time, then apartment building investments are just the thing ... Views: 1497
Lead generation is a foundational activity of your commercial real estate business. Without it, you’ll fail before you even begin. Many people don’t think they have the time or the energy to find deals. I don’t care how busy people tell me they are. My response is always the same – if you ... Views: 1600
“When a man tells you that he got rich through hard work, ask him: ‘Whose?’”- Don Marquis
Isn’t the property market absolutely amazing right now? No, I’m not being sarcastic nor was this written years ago. With so many bargains around (and interest rates finally coming down), now is the ... Views: 1709
There are many reasons why someone might want to sell their home quickly in the U.K. Often it can be a solution to rising debts and fears of repossession, other times it can be to free up equity for travel, quick resolution of a divorce or newly inherited property.
Whatever the reason you ... Views: 568
Losing the property that has become home for you and your family is awful. The reality of then having to quickly find a new house is a huge added burden. If you are facing repossession you may have either fallen behind on your mortgage payments or on another loan secured on the property. The ... Views: 654
Need to sell your home quickly but worried about being taken for a ride?
There are many reasons you may need to sell your home quickly; divorce, job transfer, inheritance etc but there seems to be lack of viable options available. You need an abundance of patience to sell through an estate ... Views: 626
Sale and rent back is the commercial name for what is better known as sell and rent back, and this is an option that a variety of people within the UK have chosen, especially in today's financial credit crisis. Whether the consumer is being repossessed, facing repossession, going through a ... Views: 524
Sounds like a title to a horror movie, except it isn't one from the celluloid fantasy genre, but one from the sad reality that is affecting all "Main Streets" around the world.
For the last 30 years credit has been easy to get. Remember all the credit card offers? Everyone had more than a ... Views: 915
It's not always possible to buy a house with the money you have saved up. Home loans are the best options you have
A Home loan is a loan provided by a financial institution to finance the purchase/construction/renovation of a residential property. It is a much sought-after product because ... Views: 767
Are commercial fixer-uppers worth the time, expense and effort? My answer to that would be that the right fixer-upper with numbers that make sense can be the right strategy to use. In fact, these types of properties can be an easy way to see an instant value increase in the property but like ... Views: 1647
The two major issues that stop investors from pursuing commercial real estate deals are no time and no money. In my experience, I’ve started off with practically none of these resources available to me, but as I broke these barriers my investing career started to flourish and I became a ... Views: 1182
Financing plays a vital role in real estate investing -- and this includes buying foreclosed homes. While it's practically a mantra to "use other people's money," keep in mind different investments will usually require a different strategy. A financing option that worked wonders in one real ... Views: 1217
Most real estate investors are aware of the potential profit from buying government-seized properties -- homes and other types of property the government has acquired from tax cheats, drug dealers and other criminals. Because the government isn't in the business of renting or flipping ... Views: 1407
The most important activity when deciding to pursue a short sale deal is to determine whether or not the homeowners situation would qualify for a short sale approval. If this task is not done, you could be working on a “dog” deal that has no chance of closing, therefore wasting your precious ... Views: 2802
There have been so many news articles about homeowners walking away from the financial obligation to their mortgage. In response, there has been a lot of opinions about how these homeowners are not taking an ethical stance and avoiding their responsibilities. The result will be billions of ... Views: 1506
Being a property manager can be an exciting yet demanding profession. As a property manager, you are the middle person between the owner and tenant. There are a lot of responsibilities that are involved. There are many skills needed in order to make the best working relationship for both ... Views: 689
Do you want to buy or sell your real estate or storage unit? Then you must contact an agency that deals with real estate management. When you contact an agency, you give them the authority to represent you while negotiating with the third party interested in your asset. Thus, you build a legal ... Views: 618
In our world today, owning a land is one of the best achievements you can ever make in life. It is one major step that guarantees you a glorious future during your retirement. However, in many countries of the world, people do sell their lands for one reason or the other. While some sell out ... Views: 679
Land is one immovable resource that has the power of quality compound interest. All over the world, people buy and sell land for various proposes. Becoming a landlord or land owner is indeed one of the greatest achievements you can ever make in life. It makes you secure your future especially ... Views: 1126
The Investment
Investing in real estate can be overwhelming if one is not aware of how the system behind this business works. This can be a lifetime source of income. But it takes the right kind of management to ensure success and avoid failure in this intricate venture.
The most common ... Views: 592
Color Your Kitchen with Feng Shui
While the bathroom may be the most used room in a home, the kitchen is the next most often used room. The Kitchen is the heart of the home and is where we build and develop chi energy and loose chi. As we all need to eat, the kitchen becomes the place where ... Views: 1242
Color Your Kitchen with Feng Shui
While the bathroom may be the most used room in a home, the kitchen is the next most often used room. The Kitchen is the heart of the home and is where we build and develop chi energy and loose chi. As we all need to eat, the kitchen becomes the place where ... Views: 1242
The creation, control, and conversion of leads determines the revenue and success of your business. Most Speakers, Trainers, Coaches, and Authors focus a lot of their time on the creation of leads. They try to sell you their “lead generation system” – the system that creates thousands of leads ... Views: 1172
They say in life there are a number of events which will occur which will be some of the hardest in your life. Dealing with the death of a loved one and going through a divorce is very high in this list, but surprisingly enough, moving a residence is also amongst these different events. It is ... Views: 754