Real Estate Investing - Three Ways To Make More

Are you considering Real estate investing just to make that extra profit? There are many who believe that investing in real estate is a great source to make money. You can do real estate investing by buying houses and reselling them at a profit. Buying a house is probably the most expensive investment you can make in your life. Thus each sale you make selling your real estate, generates more profit potential for this reason.

Three ways to make money investing in Real Estate

1. Fixing and Flipping Houses:

Fixing and flipping houses is one of the most popular ways to make money in real estate investing. The concept of fixing and flipping houses is simple all you have to do is find a home that needs repair and maintenance. You go in and do all the repairs that are necessary and then put your home on the retail market. Don’t be surprised to make a profit, which is as high as $25,000 just on a single transaction.

2. Fix, hold and sell later:

You can also make money on real estate investing by buying a rundown property and doing all the repairs and maintenance that are necessary to bring the property up to the standard. Once this is done you can rent the home on a lease-option basis.

3. Flipping Houses:

If you do not want to spend on repairs yourself then this type of method will be suitable for you. All you need is some knowledge of home prices and also home up gradation cost. You need to find properties and resell them to other investors on an as-is-basis. Compared to the above two methods this method will not help you to make more profit per transaction as you’ll have to sell at a below- market price to the next investor.

Real Estate investing has been an effective way of making profit for centuries. You can continue to make profit by fixing and reselling homes as long as you are good at bargains and know your market well.

Copyright ? 2006 Joel Teo. All rights reserved.

About the Author

Joel Teo writes on arizona estate goodyear investment real . Learn more about Property Investment by signing up for his free Property Investment Ezine

Real Estate Investing - Three Ways To Make More

Are you considering Real estate investing just to make that extra profit? There are many who believe that investing in real estate is a great source to make money. You can do real estate investing by buying houses and reselling them at a profit. Buying a house is probably the most expensive investment you can make in your life. Thus each sale you make selling your real estate, generates more profit potential for this reason.

Three ways to make money investing in Real Estate

1. Fixing and Flipping Houses:

Fixing and flipping houses is one of the most popular ways to make money in real estate investing. The concept of fixing and flipping houses is simple all you have to do is find a home that needs repair and maintenance. You go in and do all the repairs that are necessary and then put your home on the retail market. Don’t be surprised to make a profit, which is as high as $25,000 just on a single transaction.

2. Fix, hold and sell later:

You can also make money on real estate investing by buying a rundown property and doing all the repairs and maintenance that are necessary to bring the property up to the standard. Once this is done you can rent the home on a lease-option basis.

3. Flipping Houses:

If you do not want to spend on repairs yourself then this type of method will be suitable for you. All you need is some knowledge of home prices and also home up gradation cost. You need to find properties and resell them to other investors on an as-is-basis. Compared to the above two methods this method will not help you to make more profit per transaction as you’ll have to sell at a below- market price to the next investor.

Real Estate investing has been an effective way of making profit for centuries. You can continue to make profit by fixing and reselling homes as long as you are good at bargains and know your market well.

Copyright ? 2006 Joel Teo. All rights reserved.

About the Author

Joel Teo writes on arizona estate goodyear investment real . Learn more about Property Investment by signing up for his free Property Investment Ezine

Real Estate Investing - Why I Like Home Inspections!

I asked a friend recently what he thought of having home inspections done on residential investment property. “They suck,” he said rather vehemently. When I asked him why he had such an emotional reaction, he shrugged his shoulders and mumbled something about inspections being a big waste of time and money because they “never find anything wrong anyway.” I suspect my friend either isn’t buying enough houses, or he hired the wrong inspector.

My Home Inspector finds things wrong with every house he inspects, and that’s just the way I want it. Costing between $200 and $450 each, I think home inspections are one of the single best bargains for a real estate investor. In fact, usually the inspection pays for itself, and I’ll tell you why in just a minute. First, let me just say that if my inspector ever tells me a house has no problems, I will send him back to do the job right. Here’s why.

What Should Be Inspected

All my offers on houses (except bank foreclosures- I’ll explain that in a minute, too) are subject to an inspection by a professional Home Inspector. I’ll say it again. ALL my offers. Why? Two reasons.

First, even though I’m a pretty handy guy and I’ve bought and sold a lot of houses, I’m no expert in structures or engineering- not even close. My Home Inspector is. There are a lot of things that could be wrong with any home I purchase, no matter how good it looks or how new it is. Nasty things like cracks where there should be no cracks, leaks or water damage in spots that should be dry, heating systems that throw only cold air, and… well, you get the idea. My inspector, expert that he is, knows how to find these things, and his job is to tell me about them.

Second, because I make so many offers, I just don’t have time to inspect a home like I should. Putting a home inspection clause in my offers is like my safety valve. I don’t have to worry because my inspector will do what I don’t have time to do. As we already discussed, he’s much better qualified anyway.

O.K., I promised I would tell you the reason I don’t put this clause in my offers on bank foreclosures. Here’s why- it would weaken my offer to the bank. Banks give preference to true, non-contingent offers and I want them to know that I’m prepared to close no matter what. Will I have an inspection done on these foreclosure homes? You better believe I will- but I won’t make my offer subject to the inspection. The results of the inspection will be for my own information and edification only.

I have all my residential investments inspected, and I recommend you do the same.

Another Tool In Your Bag

There is one more very important reason to have a home inspection done. When you sign a purchase offer, and it is accepted by the seller, the negotiation process is not over- not by a long shot. In the seller’s mind it might be over, but in my mind it’s really just beginning.

When your inspector finds something wrong- trust me, he will- you have another tool in your bag of negotiating tactics. Now is the time to go back to the seller, explain the findings of the inspector, and ask for one of two things- either repairs of the problem areas, or credit off the selling price. Either one is good, but personally I like the money better. Here’s an example.

Recently, I had a home inspection done on a 1724 square foot ranch in a nice section of town. The home inspection actually turned up very little, but a couple of things my inspector did catch were a faulty damper in the chimney flue and a bad GFI circuit interrupter in one of the bathrooms. Not necessarily major repairs, but I am going to incur some cost to repair them. They also represent a powerful negotiating tool. What did I do?

I phoned my Realtor and explained the inspector’s findings. Then, I instructed my Realtor to ask for $750 credit off the price of the home to cover the repairs. Will I get it? Not bloody likely, but I will get something, and that’s the whole point. Whatever I am able to negotiate, (in this case it wound up being $350) it’s more than I would have gotten if I had decided to forego the inspection. Also, I wouldn’t have found out about the needed repairs until much later- maybe not until I sold the house and my buyer’s home inspection turned them up. Not good.

But, since I did know, I was able to renegotiate for $350, which was $130 more than the inspection cost me. I told you most of them pay for themselves! Very good.

Who To Hire

I have written another article, Building Your Team, about how to find and hire competent professionals to help you in your Real Estate business. I’ll share a few additional comments here on that.

First, look for someone with the right credentials. Members of the American Society of Home Inspectors (ASHI) are certified to conduct home inspections, and licensed engineers are licensed by your state. Either or both of those qualifications are very desirable.

Second, look for experience. If they just hung their shingle last week, they are probably not experienced enough to handle the job. My guy has been inspecting homes for 23 years, and was a contractor before that. In fact many highly qualified inspectors are semi-retired contractors.

Finally, ask other investors and Realtors for referrals. They will know who the trustworthy inspectors are in your town. Once you find someone you trust and enjoy working with, stick with them. The hassle of switching is not worth saving a few bucks, which is all we’re really taking about anyway.

Consider well what I’ve said in this article. I think you’ll agree that getting a home inspection is one of the best things you can spend your money on when investing in residential property.

Now, go make more offers!

Real Estate Investing - Three Ways To Make More

Are you considering Real estate investing just to make that extra profit? There are many who believe that investing in real estate is a great source to make money. You can do real estate investing by buying houses and reselling them at a profit. Buying a house is probably the most expensive investment you can make in your life. Thus each sale you make selling your real estate, generates more profit potential for this reason.

Three ways to make money investing in Real Estate

1. Fixing and Flipping Houses:

Fixing and flipping houses is one of the most popular ways to make money in real estate investing. The concept of fixing and flipping houses is simple all you have to do is find a home that needs repair and maintenance. You go in and do all the repairs that are necessary and then put your home on the retail market. Don’t be surprised to make a profit, which is as high as $25,000 just on a single transaction.

2. Fix, hold and sell later:

You can also make money on real estate investing by buying a rundown property and doing all the repairs and maintenance that are necessary to bring the property up to the standard. Once this is done you can rent the home on a lease-option basis.

3. Flipping Houses:

If you do not want to spend on repairs yourself then this type of method will be suitable for you. All you need is some knowledge of home prices and also home up gradation cost. You need to find properties and resell them to other investors on an as-is-basis. Compared to the above two methods this method will not help you to make more profit per transaction as you’ll have to sell at a below- market price to the next investor.

Real Estate investing has been an effective way of making profit for centuries. You can continue to make profit by fixing and reselling homes as long as you are good at bargains and know your market well.

Copyright ? 2006 Joel Teo. All rights reserved.

About the Author

Joel Teo writes on arizona estate goodyear investment real . Learn more about Property Investment by signing up for his free Property Investment Ezine

Real Estate Investing ? Three Ways To Make More

Are you considering Real estate investing just to make that extra profit? There are many who believe that investing in real estate is a great source to make money. You can do real estate investing by buying houses and reselling them at a profit. Buying a house is probably the most expensive investment you can make in your life. Thus each sale you make selling your real estate, generates more profit potential for this reason.

Three ways to make money investing in Real Estate

1. Fixing and Flipping Houses:

Fixing and flipping houses is one of the most popular ways to make money in real estate investing. The concept of fixing and flipping houses is simple all you have to do is find a home that needs repair and maintenance. You go in and do all the repairs that are necessary and then put your home on the retail market. Don?t be surprised to make a profit, which is as high as $25,000 just on a single transaction.

2. Fix, hold and sell later:

You can also make money on real estate investing by buying a rundown property and doing all the repairs and maintenance that are necessary to bring the property up to the standard. Once this is done you can rent the home on a lease-option basis.

3. Flipping Houses:

If you do not want to spend on repairs yourself then this type of method will be suitable for you. All you need is some knowledge of home prices and also home up gradation cost. You need to find properties and resell them to other investors on an as-is-basis. Compared to the above two methods this method will not help you to make more profit per transaction as you?ll have to sell at a below- market price to the next investor.

Real Estate investing has been an effective way of making profit for centuries. You can continue to make profit by fixing and reselling homes as long as you are good at bargains and know your market well.

Copyright ? 2006 Joel Teo. All rights reserved.

About the Author:

Joel Teo writes on arizona estate goodyear investment real . Learn more about Property Investment by signing up for his free Property Investment Ezine

Chicago Real Estate Investing

Donald Trump and countless other moguls built their empires on real estate, and, lately, a lot of people have realized the wisdom behind real estate investments. Chicago real estate investing is a formidable, yet very feasible, business. Chicago is a booming city that is economically sound with prime real estate everywhere. Owning a piece of land at the right location is like owning a gold mine: In just a few years, its value may jump to double the amount you started with in the first place.

But as with any business venture, jumping on the real estate investing bandwagon should be more than just a split-second decision. You must be well prepared before you commit to this daunting task.

First, you have to study Chicago real estate investing. Ask significant questions:

Where is the ideal location?

How is the market doing?

How much start-up capital should I have?

What are the different aspects of real estate investing should I be familiar with?

What type of property do I want to deal in?

When you have the answers to all these questions, then you can start thinking of Chicago real estate investment as a possibility.

When you start your business make sure you cover the important facets of promoting your Chicago real estate investment. Know the importance of advertising and how beneficial it can be for your business. You need to constantly let people know what is out there by advertising your property. There’s no such thing as too much advertising-it’s the lack of it that can hurt you.

You must also have reliable real estate agents handling your Chicago real estate investing business. If you surround yourself with hardworking and smart people, chances are you’ll be in it for the long haul.

Sitting at the negotiation table can be intimidating, but you must realize that you’re in this to win. Start your bargains at the lowest possible price: not too low, as this could be insulting for the seller, but low enough so that you’ll have a lot of room for haggling.

Be pro-active. Be on the watch for the smallest movements in the market and make sure you are ready to pounce when prime real estate is suddenly brought to the market.

Chicago real estate investing can be a lot of hard work but it can also be very rewarding in the end.

Real Estate Investing - Three Ways To Make More

Are you considering Real estate investing just to make that extra profit? There are many who believe that investing in real estate is a great source to make money. You can do real estate investing by buying houses and reselling them at a profit. Buying a house is probably the most expensive investment you can make in your life. Thus each sale you make selling your real estate, generates more profit potential for this reason.

Three ways to make money investing in Real Estate

1. Fixing and Flipping Houses:

Fixing and flipping houses is one of the most popular ways to make money in real estate investing. The concept of fixing and flipping houses is simple all you have to do is find a home that needs repair and maintenance. You go in and do all the repairs that are necessary and then put your home on the retail market. Don’t be surprised to make a profit, which is as high as $25,000 just on a single transaction.

2. Fix, hold and sell later:

You can also make money on real estate investing by buying a rundown property and doing all the repairs and maintenance that are necessary to bring the property up to the standard. Once this is done you can rent the home on a lease-option basis.

3. Flipping Houses:

If you do not want to spend on repairs yourself then this type of method will be suitable for you. All you need is some knowledge of home prices and also home up gradation cost. You need to find properties and resell them to other investors on an as-is-basis. Compared to the above two methods this method will not help you to make more profit per transaction as you’ll have to sell at a below- market price to the next investor.

Real Estate investing has been an effective way of making profit for centuries. You can continue to make profit by fixing and reselling homes as long as you are good at bargains and know your market well.

Copyright ? 2006 Joel Teo. All rights reserved.

About the Author

Joel Teo writes on arizona estate goodyear investment real . Learn more about Property Investment by signing up for his free Property Investment Ezine

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