Real Estate Investing ? Three Ways To Make More
June 20, 2010 by Kenny Santos
Filed under Real Estate Investing
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: Flipping Properties
June 8, 2010 by Kenny Santos
Filed under Real Estate Investing
A lot of people these days are preaching about the buying and holding method of gaining wealth with real estate. There indeed may come a time in your life or business when you?ll want to hang on to a piece of property, although you?ll only be interested in keeping certain types of property. If you?re just starting out, flipping a house may be an ideal way to get started.
Basically, there are three ways that you can flip a house, although each one has its own terms, motivation, and type of property. The first method is known as retailing. What this means, is that you buy a house in bad shape, do the repairs to fix it up, then turn around and sell it. There are a variety of houses in need of repairs out there, and several ways that you can quickly flip a house to net profit. All you need to know are the techniques that will get you the most money in the least amount of time.
The second way you can flip a house is though wholesaling. Wholesaling involves finding a home for sale then flipping it to an investor for a fast, yet small profit. To do this, you?ll need to know the real estate investors in your area, the types of homes that flip the best, and how to fund your property so you can flip it to them. If you live in a big area or a city, you?ll find that using the wholesaling method of flipping houses is actually easier to accomplish.
The third way to flip a house is by assigning the purchase. Using this method, you?ll commit to buy the house. Instead of closing the deal yourself, you?ll assign it to a real estate investor - of course for a small fee. The investor will take the contract over and close the purchase themselves - flipping the house. This can be very profitable, especially if you invest in the right home. You don?t need to have your contract worded any special way to be legal, although you will need to determine the assignment fee.
If you?re looking to break into the real estate market and make big bucks, you?ll need to learn all about flipping houses. Flipping houses is very profitable, especially once you have learned the basics. The first and third methods are the best, although they will both take quite a bit of work on your part. Restoring homes isn?t easy, and you?ll need to have a team qualified to handle any repairs. Assigning the purchase may be difficult when you first start out, although it will get easier with time. If you stay at it and do your best to make a profit - you?ll be an expert at flipping homes in no time at all.
About the Author:
Mark Estates writes for multiple real estate and foreclosure investing porgrams such as SharkBaitSoftware.com.
4 Tips on How To Choose the Real Estate Investing Course That’s Right For You
April 21, 2010 by Kenny Santos
Filed under Real Estate Investing
If you are interested in discovering all the insider secrets of real estate investing, the good news is that there is likely a real estate investing course that can teach you all the ins and outs of real estate simply, and in minimum time. To find the right real estate investing course for you, look for something that offers:
1) A knowledgeable expert.
The person teaching the real estate investing course should be a respected expert with years of real estate investing experience.
2) A focus that relates to your interests.
Whether you are interested in foreclosures, commercial real estate, or “fixing and flipping” houses, make sure the real estate investing course you choose offers step-by-step specific information that shows how to quickly generate cash, and also build long-term wealth without taking up too much of your time.
3) An easy to learn format and price.
Truth is, people don?t value free information. And as Ben Franklin is famous for saying, ?if you think education is expensive, then try ignorance.? That said, make sure that the real estate investing course you choose doesn?t cost more than $500.00 A great real estate investing course should give you reading materials, monthly case studies, and ? as a bonus - access to live calls. You can learn about real estate investing by attending workshops, online classes and other methods from the comfort of home. Bottom line, choose a real estate investing course that offers a learning environment that you’re comfortable with.
4) A good track record with others.
Ensure there are testimonials and endorsements about the real estate investing course you’re interested in. Then, invest in a program whose students are having fun, and are profiting.
Now that you know how to choose the right course, it?s time to take action!:-) Yours for Massive Profits & a Rewarding Life!
Cheers,
Mary Wozny
“Helping 100,000 Women & Families Achieve Financial Freedom!”
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Mary and her son, Brad, are a mom and son real estate investment team who transacted $14 Million of real estate across North America in their first two yeras. Now, Brad & Mary teach women & families around the world how they can add $40,000 to their bank account (or $1 Million) in one year, working an hour a day or less. Aside from numerous student testimonials, their easy to follow, step-by-step real estate investment course is endorsed by Mark Victor Hansen (co-Creator of “Chicken Soup for the Soul” series of books). To order and receive a $2,395 in bonus gifts, visit |
4 Tips on How To Choose the Real Estate Investing Course That’s Right For You
March 1, 2010 by Kenny Santos
Filed under Real Estate Investing
If you are interested in discovering all the insider secrets of real estate investing, the good news is that there is likely a real estate investing course that can teach you all the ins and outs of real estate simply, and in minimum time. To find the right real estate investing course for you, look for something that offers:
1) A knowledgeable expert.
The person teaching the real estate investing course should be a respected expert with years of real estate investing experience.
2) A focus that relates to your interests.
Whether you are interested in foreclosures, commercial real estate, or “fixing and flipping” houses, make sure the real estate investing course you choose offers step-by-step specific information that shows how to quickly generate cash, and also build long-term wealth without taking up too much of your time.
3) An easy to learn format and price.
Truth is, people don?t value free information. And as Ben Franklin is famous for saying, ?if you think education is expensive, then try ignorance.? That said, make sure that the real estate investing course you choose doesn?t cost more than $500.00 A great real estate investing course should give you reading materials, monthly case studies, and ? as a bonus - access to live calls. You can learn about real estate investing by attending workshops, online classes and other methods from the comfort of home. Bottom line, choose a real estate investing course that offers a learning environment that you’re comfortable with.
4) A good track record with others.
Ensure there are testimonials and endorsements about the real estate investing course you’re interested in. Then, invest in a program whose students are having fun, and are profiting.
Now that you know how to choose the right course, it?s time to take action!:-) Yours for Massive Profits & a Rewarding Life!
Cheers,
Mary Wozny
“Helping 100,000 Women & Families Achieve Financial Freedom!”
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Mary and her son, Brad, are a mom and son real estate investment team who transacted $14 Million of real estate across North America in their first two yeras. Now, Brad & Mary teach women & families around the world how they can add $40,000 to their bank account (or $1 Million) in one year, working an hour a day or less. Aside from numerous student testimonials, their easy to follow, step-by-step real estate investment course is endorsed by Mark Victor Hansen (co-Creator of “Chicken Soup for the Soul” series of books). To order and receive a $2,395 in bonus gifts, visit |
Real Estate Investing - Three Ways To Make More
February 16, 2010 by Kenny Santos
Filed under Real Estate Investing
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
February 5, 2010 by Kenny Santos
Filed under Real Estate Investing
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
The Changing World of Real Estate Investing
January 7, 2010 by Kenny Santos
Filed under Real Estate Investing
THE REAL ESTATE FAD IS OVER! If you?ve been dreaming of ?Flipping? real estate because you?ve heard of people making a fortune flipping houses - YOU ARE TOO LATE! The real estate fad has come and gone!
Like all fads, the ?Flipping Real Estate Fad? lasted only a short period of time. This is not the first get rich quick fad to occur and it certainly won?t be the last. Whether it?s flipping real estate, day trading stocks, breeding ostrich eggs, or trading tulips, our history is replete with examples of get rich quick fads that took the world by storm and ended badly for nearly everyone.
One of the first recorded examples of a get rich quick fad was the Tulip Craze that occurred in the Netherlands in the 1600?s. Tulips had just recently been imported from Turkey into the Netherlands. Many of the richest Dutch citizens started collecting the flowers and proudly displayed them in their homes. As time went by, the middle class took notice that this flower was so prized by the rich, and also started collecting the flowers. Before long, everyone wanted tulips and tulip bulbs and the prices started going up. As the prices rose, people started trading tulip bulbs as if they were a commodity or a stock. Someone would hear of a neighbor that had traded a tulip bulb and made a big profit. The neighbor also wanted to cash in on this new venture. Before long, it seemed like everyone was trading tulip bulbs. It got so ridiculous, that entire estates and life-savings were traded for a single tulip bulb!
At some point, prices became so ridiculously high that a few smart investors realized that the tulip fad couldn?t continue forever. These ?smart money? investors sold their entire stock of tulip bulbs and locked in their massive profits. Others followed suit and soon it became apparent that the market for the bulbs had disappeared. Suddenly, everyone wanted to sell their tulip bulbs and there were no buyers. In no time, panic selling caused prices to drop so far and so many people lost money that the country?s economy was propelled into a depression. So ended one of the world?s first recorded Get Rich Quick Fads.
Get Rich Quick Fads have continued to occur from the time of the great tulip craze to the present. The technology bubble of the late 1990?s was a prime example of one of these fads. The price of internet and technology stocks soared. Many of these inflated stocks were of companies that had no way to make money. Many thought that the price of technology stocks would continue to go up forever, because ?this time things are different?. RIDICULOUS! The value of a company who can?t make money is ZERO! People were blinded by greed and simply didn?t realize this reality until the crash occurred.
The economy of the United States took a double hit in the first two years of the new millennium. First, the tech bubble burst taking the entire stock market down with it. Then, a small group of terrorists brought our country?s economy to its knees with the attack on the twin towers of the world trade center. In response, the Fed lowered interest rates to a 40 year low. This lowering of interest rates along with the introduction of relaxed lending practices kept our country?s economy strong and opened up the possibility of home ownership (and real estate investment) to more Americans than ever before.
The increased demand for real estate also increased the demand for all real estate services. Homebuilders, realtors, rehabbers, appraisers, lenders, and everyone else in any real estate related business prospered. The demand for houses exceeded the supply and many smart investors began to speculate on houses. This was the birth of the house flipping craze! As the smart money began to make money ?flipping?, the middle class took notice and also started flipping. Before long, it seemed like everyone was flipping property for a nice profit. Demand for houses increased and it seemed like there was no limit to house prices. New investors entering the flipping business drove up the demand for houses, which increased the prices. The more prices went up, the more new investors entered the market and bid up prices even higher. It became a vicious cycle. It got so ridiculous that new ?investors? would camp out in hot markets just for the chance to bid on pre-construction projects.
This vicious cycle continued through late 2005, at which time the real estate bubble started to deflate. The smart money realized that prices had gotten ridiculously high and that the end was near. These ?smart money? investors started selling their real estate portfolios
The real estate fad is over. Demand has dried up and the number of houses on the market is increasing. In many areas, prices have already started down and this trend will surely increase as time goes by. The home buyers and ?investors? who used interest-only loans, negative amortization loans, and adjustable rate loans over the past few years will soon have payments that are drastically higher, when their promotional rates expire. Millions of these people will not be able to afford the higher payments and will lose their homes to foreclosure. All of these millions of additional houses on the market will further depress prices and prices will likely stay low for many years to come. The flipping fad is ending as suddenly as it began. With the lack of retail buyers, there simply isn?t a demand for flipped houses. Millions of the new ?investors? that started flipping during the recent fad will go out of business, losing a lot of money.
Why have I gone to the trouble to write such a gloomy report? Is this story over? NO! The TRUTH is that there always has been and always will be big money to be made in real estate. However, the money to be made isn?t in flipping or in the latest fad!
For me and others like me, the real estate bust will be very profitable. You see, I am not a ?Flipper? and I was not caught up in the recent real estate fad. I am in the rental property BUSINESS and I offer a product that people ALWAYS NEED?..a place to live!
There are MILLIONS of millionaires in the United States?…seven million millionaires to be exact. Many of those millionaires made their money owning rental properties. Rental properties are needed in all markets because people need a place to live. In fact, as the real estate market gets worse, more people will become renters.
Just today, I received a call from a woman who was looking for a house to rent. The reason that they needed a place to rent is that their house had been foreclosed upon. She explained that their mortgage payment started out at $600 per month with one of those gimmick introductory rate loans. Recently, their loan payment had gone up to nearly $1,100 per month and they simply could not afford it. They got behind on payments and the bank is foreclosing on them. Now, they will become my renters.
Why are rentals such a great way to make money, grow rich, build wealth, and retire early? The answer lies in the 5 different ways that we can make money with rentals, often without using any of our own money. The 5 ways to make money with rentals are:
1. Equity at closing!
Rental Properties MUST be purchased at a discount. It is almost impossible to buy a rental property at retail price and then rent it for a profit. The difference between what we pay for the property and the market value of the property is our equity, and can amount to tens of thousands of dollars for each rental property!
2. Cash flow
With rentals, we receive rent from our tenants each month and then pay our operating expenses and the mortgage. The amount of money left over is our cash flow. This is money you can spend for living expenses, to buy a car, for your mortgage payment, or anything else that you like. Cash flow is the lifeblood of every business.
3. Pay Down of Principal
One of the exciting things about rentals is that the tenant pays the mortgage payment and all expenses for us. Over the term of the loan, the mortgage will be paid off and we?ll own the house free and clear!
4. Appreciation
Historically, houses appreciate at 3% to 5% per year. Think of this as the icing on the cake.
Let?s consider a $50,000 rental property. Even if it only appreciates 3% per year, that is another $1,500 in equity that we pick up each year! You?ll note that we didn?t have to do anything to get this equity. All we had to do was continue to own the property!
5. Tax Depreciation
As if the previous four ways of making money weren?t enough, the government has seen fit to allow us to depreciate our rental property. This can be a significant savings on our taxes and is the same as making additional money on your property. As of the writing of this book, properties are depreciated over a 27 1/2 year period. This yearly depreciation can be thousands of dollars per year on a single rental property.
ARE YOU GETTING EXCITED YET?
By reading this article, you have already taken the first step toward improving your financial situation. Where do you want to be at the end of this year? Are you satisfied with your current financial situation? Are you happy working for someone else? Are you in a good position for retirement? Do you dream of the freedom of working for yourself? Would you like to make a significant contribution to your church or favorite charity?
If you do nothing to improve your situation, you will probably end this year in the same position that you ended last year. IF THIS YEAR IS TO BE THE YEAR THAT YOU CHANGE YOUR LIFE, YOU MUST DO SOMETHING DIFFERENT! If you have decided that operating a rental property business might be YOUR PATH TO FREEDOM, then you need to get started. Start with learning all you can about the rental property business and develop a plan to get you from your current position to your desired goal.
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If you would like to get started on your journey to a better life, we would be happy to help. Our book “1 Minute To Rental Property Riches” is a complete step by step course with everything you need to start and successfully operate a rental property business. This book contains no hype, no nonsense, and no silly claims of instant riches without work, AND IT COSTS LESS THAN $50!. You can get more information about the book at http://www.1MinuteToRentalPropertyRiches.com or you can order it directly from the publisher at http://www.lulu.com/content/546961 You might also want to check out my blog at http://www.rentalpropertyriches.blogspot.com This is a diary of my daily life as a rental property owner. Happy Investing! Michael Rossi |
Scottsdale, Arizona Real Estate Investing
December 20, 2009 by Kenny Santos
Filed under Real Estate Investing
There are several factors to consider when thinking about investing in Arizona Real Estate. Is this a short term or a long term investment? Is this going to be a rental property or a personal residence? Is this going to be a vacation home? Before jumping into an investment property, it may be a good idea to ask your self what type of investment is going to fit your needs.
The days of flipping houses have seem to come to a screeching halt in Arizona. A little over a year ago this was extremely common because there were too many buyers, and not enough sellers. The inventory was very slim. Now, the inventory has seemed to increase, not enough buyers and too many sellers. Obviously, when this happens prices drop.
There is no way to predict future market conditions, but now may be a good time to start purchasing property in Arizona. The sellers are giving extraordinary incentives and the interest rates are relatively low. To make an informed decision, some might think to take a look at what is happening around them.
The price of homes have been dropping, that is not a secret. When the prices of homes start dropping, this may be an indication of a market fluctuation. When the market fluctuates it is a good time to be in the right place at the right time. Many lenders have gone out of business because there is such a high foreclosure rate. It is becoming harder and harder for people with marginal credit ratings to obtain a loan. This may be an indication that the rental market is about to get stronger.
When lenders start going out of business, and the remaining lenders tighten up their criteria, not as many people can qualify to purchase a home. People have to live somewhere, so their only other option is to rent.
When investing in Arizona Real Estate, it is important to analyze the rental market of the area you may be thinking about purchasing. It is also very important to know what your payments are going to be and how much you need to put down in order to have even or positive cash flow. If you are going to purchase a home to rent out, make sure that your payments are close to what the rental rates are in the area. To find out what the rental rates are you can ask a qualified Realtor to tell you what is currently on the market for rent in the area, and what has recently rented out. Basically, you are doing a comparative market analysis on the rental market in the area you are thinking about buying. Most qualified Real Estate professionals can help you with this.
It is extremely important to find a Realtor to represent your best interests when investing in Arizona. The difference between a good Realtor and a bad Realtor could cost you thousands of dollars. Make sure your Real Estate professional is experienced, educated, and knowledgeable of the area you are thinking about buying in. Above all, make sure your agent is aggressive.
In order to get the best price possible with the current market conditions, it is imperative to start extremely low regarding an offer to purchase. Rarely is the sticker price the purchase price. A good Realtor that is representing an investor may see a home for three hundred thousand dollars, offer two hundred and fifty thousand, and have the seller pay for all of the investors closing costs. Will the seller except this contract? There is no way to know for sure. All the seller wants to know is how much money they are walking away with in most cases. If the seller will have to pay to close escrow the contract will probably not fly. It is always a great idea to find out how much the seller owes before writing an offer on any home by having your Realtor look at the tax records. This way, you know how much flexibility you have. A desperate seller with an enormous amount of equity may have some opportunity.
Make sure when you are investing in Real Estate in Arizona, you have proper representation, you do your homework with your agent, and know that there is risk involved. Like any investment, there is risk involved. There is no way to determine future market conditions. Real Estate markets are cyclical. What goes up may very well come down. It is better to have an honest Realtor that tells you the truth versus a Realtor fluffing the truth that may cost you a lot of money. If you need a good, honest, hard working aggressive Realtor to help you with any and all of your Arizona Real Estate needs, please click on the link below to visit an extremely helpful website to get you in contact with a professional Realtor in Arizona.
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Nick McConnell Executive Sales Associate for Coldwell Banker Residential Brokerage in Scottsdale, Arizona. Lived in Arizona all his life, Graduated from Northern Arizona State University and has been a Realtor ever since. |
Real Estate Investing And Marketing Guide For Newbies
December 12, 2009 by Kenny Santos
Filed under Real Estate Investing
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As we all know that the economy is in a continuous state of fluctuation recently, and it?s not easy for investors to stay ahead of the trends. If you want to make money from something more reliable today and stay solid for many years to come, you might want to start investing in the real estate business. It?s no coincidence that you see or hear something about real estate investing all over the place these days. The success stories of flipping houses, buying and selling properties are everywhere. And a lot of new investors are trying to find out how they can make money in this particular investment vehicle. To start real estate investing, all you need to learn is a proper knowledge of how real estate works. As long as you?ve got the discipline and dedication, you can definitely start investing in real estate. Keep in mind that success is as easy (or as difficult) as finding the perfect property for you. Location, location, location. For a start, you must recognize the location you?re buying in. This is probably the first and the most important piece of real estate investing. Look around you. If there are many houses listed for sale in a particular area, it?s not a good idea to buy another house in the same area. Several properties in one location that aren?t being bought is a red flag for real estate investors who can see that any property they have to sell in that particular area might sit too long on the market. You must choose the properties in prime locations that are popular for many people to live in, have some good property values and attracts a lot of home shoppers. To find this kind of information, you can talk to real estate agents or just look on the Internet to see what?s available and how much exactly the properties are being sold for. This will give you an idea, and hopefully a good plan, of what property values in any one area can be so high or low and then use it to your advantage. Remember, it?s always better to start real estate investing in small. You can start on smaller projects one at a time until you get that feeling on how this type of investing works. And you shouldn?t spend all your money to buy the property because you are going to need some of them to improve the house. Even if you don?t have any plans to do some cosmetic changes, such as; renewing outside paint and landscaping, all other improvements can make a huge difference between selling it big and waiting to sell. Of course, there’s no magic in real estate investing, there is no one fail-safe system that will always work all the time when you’re selling a property. One of the best marketing strategies for real estate investors is placing some classified ads. Classified ads can be a great place to get your name in front of regular people, because many of them look at classifieds on a regular basis. You can mention in your ads that you buy and sell houses. Believe me, the number of calls you will receive might just surprise you. So now you know that real estate investing can be a very rewarding as well as enjoyable livelihood. All you have to do is educate yourself and take some good actions!
Article Tags: estate, investing, property
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