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I tell my clients that there are 2 things that we can’t cost effectively change to make their property more desirable when trying to sell an investment property...location & floor plan. Everything else is fixable.
If you bought a property in an undesirable location and are trying to sell you ... Views: 661
Last month I was coaching about a hundred or so seasoned real estate agents on how to buy and sell pre-foreclosures. It occurred to me that for most, it was a mystery that the best deals are found before the bank forecloses rather than after. The reason this happens is that not only in today’s ... Views: 915
“I hate the feeling that foreclosure opportunities are slipping through my fingers daily,” a young real estate investor named Joanne told me lately. “A few years ago, I knew just where to go to locate promising foreclosed and pre-foreclosed properties. But with the current explosion in ... Views: 846
If 2009 is the year of your first home purchase, then Uncle Sam is ready to give you a gift that equals up to 10% of your entire purchase price. Known as the homeowner tax credit, the Obama Administration has finally figured out a way to make home buying a much more delectable proposition. Add ... Views: 829
Bailouts are in the news every single day, but more and more homeowners and those hoping to qualify for a mortgage loan any time soon are wondering what is in it for them. When Treasury Secretary Geithner finally came out with a mortgage plan and bank bailout scheme, it seemed like it might have ... Views: 661
Real estate investing is one of the fastest growing industries in the world today. Though to a substantial extent the global economic recession has hit the industry, the future looks bright and thus as a real estate investor, you stand to continue gaining in the long term. In fact, some wise ... Views: 665
One of the best and rapidly growing investment options is real estate investment. If you wish to put your extra wealth into a venture which is bound to appreciate with time, then the housing sector is the best choice. Real estate is an investment dream which if it comes true, the returns are ... Views: 694
Owning a home has always and still stands as a priority to many. Over the years, real estate has become a hive with many people looking to take a deep into the world of real estate investment. Presently real estate investing has sky rocketed with the diversity in homes and the favorable ... Views: 714
In the eyes of many potential investors, owning rental properties entails too much hassle.
“I’d never invest in property,” some say. “Who wants to get called out at 2 a.m. to fix a stopped-up toilet?”
No doubt, if you self-manage real estate, you will get those unpleasant calls. You will put ... Views: 779
Since the late 1990s, sharp increases in property prices, along with a corresponding relative decline in cash flows and rental yields, have led the major media to persistently babble about real estate “bubbles.”
Taking a cue from these misguided journalistic missives, many people now believe ... Views: 755
Experience testifies to the low-risk nature of property investments. However, you shouldn’t naively interpret the words “low risk” to mean “no risk worth noticing.”
Tens of thousands of homebuyers and property investors, often speculators, have lost vast sums of money in real estate. And these ... Views: 714
When you’re buying foreclosed properties, you can throw away all the classic wisdom about real estate investing, right? It’s a whole new world with new rules.
No, wrong. The fundamental rules apply, only moreso. Let’s take a closer look.
Rule One: Foreclosure or not, location is still of prime ... Views: 712
Eye-opening financial wisdom from Trump University Asset Protection 101, the latest book from Trump University
Many of us spend more on taxes each year than on food, clothing, and shelter combined. Yet, amazingly, we really don’t know much about taxes.
If you’ve received a paycheck, you know ... Views: 801
Last week Levitt & Sons, the homebuilder whose Levittown developments were the emblems of America's postwar economic boom, filed Chapter 11 bankruptcy for reorganization - and its fate as a continuing business remains in limbo. Here's how David Streifeld in the International Herald Tribune ... Views: 851
When most people hear the word negotiation, they usually picture stone-faced adversaries who glare at each other across a conference table and argue over every little point. That's not how I work. A better example is how I went about buying 40 Wall Street.
I was interested in acquiring 40 ... Views: 820
There are very few business opportunities that allow you to build wealth without paying taxes - and then subsequently pay reduced rates when the time comes to settle up with Uncle Sam.
Real estate, however, is a prime exception. Today I will focus on two strategies that can slash the taxes you ... Views: 877
“On this April Fool’s day, vow never to become the fool.” - Gary Eldred, PhD
Although I love real estate and believe it offers most people their best opportunity to become wealthy, no one should assume that every great-sounding offer actually represents a great deal. In fact, investors are ... Views: 972
"I went to a foreclosure auction the other day," said a woman who called our offices last week. "And do you know what? There was no point in bidding on any of the houses, because they were the same ones that I had already seen on realtors’ Websites and in newspapers. Other people didn't seem to ... Views: 1012
Want success on your own terms? Consider this unique path to success.
When prospective students call Trump University to inquire about our classes in entrepreneurship, our admissions counselors always ask, “What kind of business do you have in mind?”
Most often, the replies are like these:
... Views: 812
Many people are surprised to learn that a retirement plan such as an IRA or 401(k) has the flexibility to own real estate. If you're one of those people, don't feel bad. You're certainly not alone!
Currently, more than 90 percent of all retirement plans hold nothing but “traditional” assets ... Views: 864
The Power of Section 8 Housing
How would you like to own rental property where all or most of the monthly rent comes to you by check from the government? If that idea appeals to you, welcome to Section 8 housing!
Section 8 is a program setup by the U.S. Department of Housing and Urban ... Views: 2532
It’s Based on Cash Flow, not Comps
If you’ve ever bought a house, you know how it works. The value of the house is almost always based on comparable sales. Comparable sales--or “comps,” as they are called--are homes similar in location, square footage, number of bedrooms and bathrooms, lot ... Views: 1134
Arizona's housing crisis was deepening. Homeowners were losing their houses. But that got Kevin Andrews thinking. Andrews, a Trump University real estate student, started to wonder whether he could help homeowners and help himself at the same time. And then he hit on a way.
Kevin heard about a ... Views: 1148
The commercial real estate industry is looking at some of the worst times ahead of itself. The market trends show downward pressure on prices and an increase in the capitalization rate. This is just one element of the positive movement in the industry for potential investors.
With prices ... Views: 788
Are you finally ready to take the plunge and buy your first investment property? Have you finally saved enough money to start investing in real estate, but don’t know where to begin? If so, you’re going to want to read these tips on what to buy and where to start to maximize your ... Views: 1164
The old adage ‘Buy Low and Sell High’ has never been truer. Real estate prices around the country have fallen to 2002 levels and below, and with interest rates at historic lows, there’s never been a better time to invest in real estate. Tomorrow’s fortunes will be made today. For many long time ... Views: 856
These tips on rental property deductions that we're going to share with you will provide you with an immense tax shelter. You'll see that there are several tax deductions that you can take by owning even one rental property.
I know this because I've owned rental properties for several years and ... Views: 1957
A focal point is the element in the room which the eye is drawn to as soon as you enter the room. Every room must have a focal point because it makes the room complete and creates purpose. If a room does not have a built in focal point, for instance a picture window, you can create one yourself. ... Views: 1078
People don’t always spend a generous amount of time in their basement and therefore, it often doesn’t get the attention it deserves. This often carries through when the home is for sale. Research shows us that kitchens, bathrooms and living rooms are main areas of interest to buyers, so when we ... Views: 1182
Highlight and draw attention to elements in the home, such as a great view, architectural details, even repairs, renovations or equipment upgrades. Your kitchen and bathroom are prime selling opportunities, so pay special attention to these areas. For example, keep your kitchen counters clear of ... Views: 1076
This is Part 1 of a 3 part series on getting a great deal with good returns on residential real estate in this economy. Keep in mind that real estate is local and these tips may not apply perfectly to your current market.
1. How are you going to pay for it? Traditional financing can be ... Views: 1438
Preparing to sell your home this year? The most common mistake many sellers make when staging their homes that you can avoid is preparing your home based on your personal tastes. When selling, you are creating a ‘residential advertisement’ for your home, so it must appeal to the audience you ... Views: 1077
If you are a first time buyer you should be salivating at the perks available to you. Barack Obama recently passed a bill that was created to assist individuals looking to purchase there first home. The reinvestment act of 2009 guarantees that if you meet certain criteria you will rewarded ... Views: 1063
A short sale refers to the sale of a piece of real estate at a price that is insufficient to meet the current mortgage obligations recorded against the property. In other words, if the house is mortgaged for $450,000 but it is sold for only 400,000, the fact that the payoff is short by $50,000 ... Views: 1361
The loan modification portion of the stimulus package will provide millions of people with the opportunity to obtain financing which will allow them to keep their homes. However, just applying for a special home loan program doesn’t necessarily mean you’ll be approved. Regardless of which types ... Views: 2284
Lots of people, like you, are living in confusion. Uncertainty clouds their minds and keeps them from “seeing” the truth as it really is. Take for example, distinguishing real estate taxes from personal property taxes. There are some individuals that don’t know the difference between the two. ... Views: 1090
Foregoing the opportunity to obtain a basic understanding of the home financing process in a timely manner has often resulted in the home buyer being exploited by lenders. This predicament has subsequently placed many homeowners in very precarious situations.
In response to the issues that ... Views: 1037
Despite the United States Federal Reserve Board’s diligent attempts to stimulate the economy throughout the year of 2008 by repeatedly reducing the Federal Funds rate, the typically correlating thirty-year average mortgage rate stubbornly remained unchanged through the first quarter of 2009 as ... Views: 1274
Attempts by Federal and State governments in the first quarter of 2009 to stimulate home sales have resulted in the creation of significant incentives for buyers seeking to take advantage of attractive housing prices across the United States. In order to reduce the large inventories of available ... Views: 663
The investment quandary as to the best method for acquiring foreclosed property at heavily discounted prices inevitably surfaces at the same stage in the real estate cycle every ten to twenty years. After housing booms and home prices correct back to affordable levels, real estate investors are ... Views: 1368
Continuous declines in United States’ housing values after the mid-2000s caused an increasing number of borrowers to explore the loan modification process in an attempt to avoid losing their homes to foreclosure. Unfortunately, a large number of homeowners who sought to have their loans ... Views: 1271
Note that tax benefits are a bonus, not a reason to buy real estate. The idea is to make money first, and then save taxes on the income you receive.
How many of you would agree that the greatest expense you will have in your lifetime is taxes? Real estate can help you avoid taxes legally. ... Views: 1023
With all the gloom and doom you hear on the television and newspapers is it any wonder we can get out of bed, let alone prosper and create new opportunities in this current economic climate? Why do many of the wealthiest people say they made the bulk of their fortune in a recession or ... Views: 2152
When it’s time for you to say goodbye to your loved ones, and say hello to your maker in person, what’s gonna happen to everything you’ve worked so hard to achieve? I’m not talking about the medals and other “feel-good” rewards you’ve earned, but the ... Views: 906
Real estate investment is an incredibly complicated process. Many people think that the only major part of the entire process is the money. While this leads to many of the complexities, it is not the only important aspect of the investment itself. Understanding all of the real estate investment ... Views: 1189
The real estate market being down is not necessarily a bad thing. Sure the credit worthiness of investment banks and even the general public is being questioned, but all is not lost. In fact, the silver lining is, oddly enough, real estate itself. Real estate is still worth something, though not ... Views: 1145