|
|
|
Bad First Impressions Will Turn Home Buyers Away
First impressions are very important when you are selling your home. In fact, making a good first impression can make all the difference. So be sure to present your home in its best light right from that very first time your prospective buyers set...
Flip That House Style Real Estate Investing
I love those TV rehabbing shows like Flip That House. On the show people buy a house needing to be seriously updated and repaired. Usually the kitchen is heavily upgraded with new cabinets, cutting edge appliances, new countertops and more. The...
Home Mortgage
A home mortgage is worth consideration. It refers to a long-standing credit that a debtor obtains from a financial institution or from a property seller.
In common, the house is the usual collateral for the mortgage, thus the term "home...
The Best Time to Inspect
Home inspections conducted prior to a home being placed on the market is one of the wisest moves a seller can make. The initial response from sellers when approached with the idea of an inspection done as the home is about to be put up for sale...
Things To Check Out Before Buying A House
If you’re thinking about buying a house, you’ll have a number of things that you’ll want to specifically look into before you do. This article will give you a number of suggestions about exactly what factors to look into before you make the big...
|
|
| |
|
|
|
|
|
|
How Not To Lose A Million Dollars In Real Estate
I recently saw an article “How to lose a million dollars in real estate” what a great title! Then I saw the author Verna Jones-Cox (real estate short sale expert) no wonder it had a great title. I met Verna about two years ago and I would have expected no less. So with my apologizes to Verna, your title was to eye catching not to play on.
My own book “One House At A Time / Finding And Buying Single Family Rentals” is directed at real estate beginners and burnt out students of TV real estate gurus, the very people that can’t afford to lose money. These are also the very people that are most likely to lose money, especially when miss lead as so many are.
“One House At A Time” is subtitle “Finding And Buying Single Family Rentals” the key words are “Single Family” most people should stick to what they know! Single family homes whether rentals or flips are just like the houses most of us have lived in all of our lives. Maintenance, improvements and day to day upkeep are the same as you’ve been doing ever since your mother first noticed you were big enough to push a broom. Buying and selling them is just like your own home.
New real estate investors have enough to learn, single family rentals are simple to maintain (just like your home), but you have to deal with tenants, rental laws, and contracts. Flips require different decisions retail or wholesale, paint or paper, landscape or simply clean, etc . . . Sticking to what you’re familiar with will ease the learning curve and most new investors will make money, if only because it hard to make a big mistake!
Rule # 1. To make money expand upon what you know!
On the other hand even if a person has lived in an apartment for 30 or 40 years, walked on land, shopped in stores and worked in an office every day of their life there is very little relevant experience to owning and managing them! I attended a meeting of would-be real estate investors, a group I knew well. Their Guru (with little experience but more money that his audience) spent more than two hours urging the audience to liquidate their single family homes to buy into commercial projects! It wasn’t until the very end
that we learned he was pimping a $5,000.00 week end book camp on commercial investing! Most of these people had not yet mastered single family rentals! Some didn’t yet have a home of their own. The only thing this program was offering was a chance to lose $5,000.00.
Rule # 2. Avoid pimps!
Most of you reading this don’t yet have a million dollars! Your losses will accrue from inaction, delay, and procrastination. In today’s real estate market most of you will not lose a million dollars. You will lose several million dollars!
Rule # 3. Buy houses! Now!
“NO!” That’s the advice most often given if you foolishly ask anyone if you should do anything. There is never a risk telling you “NO.” If you ask a friend should I and he says “yes” and you fail he lost a friend! If a friend says no and you succeeded anyway “you got lucky” everyone wins. If you lose, there’s great bounding in commiseration, and great satisfaction in “I told you so!” You’ll get the same “NO!” from your attorney or CPA, but they will send you a bill for bad advice. Strangers will say “NO!” because they don’t want you to succeed. Family will say “NO!” because they don’t want you to get hurt.
Rule # 4. Avoid third party advice.
Some people will advise you to “do it.” They’re the ones who get paid! We all know what you call someone who “does it” for money. Getting paid is good, I’m a mortgage broker I get paid when you “do it” just like your real estate agent. I’m also a Guru. Be careful, good advice is worth paying for, but whores are whores!
Rule # 5. Avoid Whores!
About the Author: William J Archambault Jr in lending and real estate since 1969. A mortgage broker in Las Vegas, NV. He writes about up to the minute investment real estate tempered with the wisdom of our grandfathers. He’s the author of:“One House At A Time/Finding And Buying Single Family Rentals” avaiable at http://www.reii.org E-male author@reii.org
Source: www.isnare.com
|
|
|
|
|
| Real Estate, Property, Land and Homes for Sale, lease and rent ... |
| Comprehensive real estate and property listings. Includes information on buying and selling, tips on building, an auction timetable and other helpful ... |
| www.realestate.com.au |
|
| Real Estate | Homes for Sale | Houses for Sale | MLS Listings ... |
| RealEstate.com provides home listings , homes for sale , REALTORS , house listings , apartment locating services. We have Florida real estate , Texas ... |
| www.realestate.com |
|
| REALTOR.com: Real estate listings & homes for sale |
| Search for a new home or find mortgage rates, real estate agents, and relocation services throughout the US, Canada, and Puerto Rico. |
| www.realtor.com |
|
| Real Estate on Yahoo! Real Estate - Homes, Mortgage Rates, School ... |
| Yahoo! Real Estate is the most comprehensive place for real estate, housing market information, school reports, local mortgage rates and more! |
| realestate.yahoo.com |
|
| Find Your Home Value, House Values and Prices on Yahoo! Real Estate |
| Yahoo! Real Estate - Free instant home values and comparable home valuations for millions of houses. Check your home's price or any house value. |
| realestate.yahoo.com |
|
| Real Estate, Houses for Sale, Rentals, Commercial and Businesses ... |
| Real Estate, Houses for Sale, Rentals, Commercial and Businesses for sale at Realestate.co.nz. |
| www.realestate.co.nz |
|
| Real Estate - Buy, Sell or Rent a Home - New York Times |
| Online real estate listings for properties in New York and nationwide. |
| www.nytimes.com |
|
| Century 21 Real Estate Agents and Brokers |
| Agency with franchised offices throughout the United States, Canada, Europe, Latin America, the Middle East and Asia. Find local offices and agents, ... |
| century21.com |
|
| Zillow - Your Edge in Real Estate |
| Zillow provides a free Home Valuation Tool for Real Estate enthusiasts. Whether you're an agent, broker, buyer of investment property or first time ... |
| www.zillow.com |
|
| STLtoday - Homes |
| Real estate agent revels in the boom in downtown St. Louis living ... [more real estate news as seen in the St. Louis Post-Dispatch] ... |
| www.stltoday.com |
|
| Real estate - Boston.com |
| Boston Real Estate - Search the Boston Globe and Boston.com for Massachusetts Real Estate, Boston Condos, Land for sale, Vacation Rentals and more. |
| www.boston.com |
|
| ABCs of Real Estate |
| Real Estate ABCs consumer tips, hints, and resources for home buyers, sellers, and mortgage borrowers. |
| www.realestateabc.com |
|
| washingtonpost.com - Washington DC real estate, Maryland real ... |
| Washington, DC, Virginia and Maryland homes, real estate news and headlines. [Registration required] |
| www.washingtonpost.com |
|
| Coldwell Banker Real Estate Corporation |
| Real Estate from Coldwell Banker ®. Buying a home, selling a home, or finding a real estate agent is easy with Coldwell Banker. Find a home, sales associate ... |
| www.coldwellbanker.com |
|
| Detroit News Online | Real-Estate |
| Sellers around the state have been frustrated with the slow sales patterns of Michigan real estate over the past year or two. But buyers have been enjoying ... |
| www.detnews.com |
|
| Newsday.com - Long Island Real Estate for Nassau County and ... |
| In a real estate market increasingly defined by niches, ... Real Estate Resources. Search by school district for recent home sales in Nassau and Suffolk ... |
| www.newsday.com |
|
| Real Estate for Sale, Rent and Share @ Domain.com.au |
| Real Estate for Sale, Rent and Share @ Domain.com.au. Houses and apartments for sale or rent all over Australia. Thousands of properties in Sydney, ... |
| www.domain.com.au |
|
| Luxury real estate news and features - Forbes.com |
| Luxury real estate news and features at Forbes.com. Core topics include real estate, mansions, condos, co ops, oceanfront realty, second homes, ... |
| www.forbes.com |
|
| Real Estate News - Prices, Mortgages, and Calculators from CNNMoney |
| Latest on mortgages, refinancing, & home tips from CNNMoney.com. Calculators for refinancing, mortgage payments and more. |
| money.cnn.com |
|
| Los Angeles, California, national and world news, jobs, real ... |
| Los Angeles' leading online source for local, state, national, world, entertainment, and sports news. Plus jobs, real estate, cars and shopping information ... |
| www.latimes.com |
|
|