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Real Estate Investing in Rehabs

Real estate investing in rehabs is a field of investment that is excellent for skilled and experienced investors and is not a good option for beginners. Real estate investors looking to rehab a house need to evaluate the site as well as the structural pattern of the house.

For the smart and proficient real estate investors, rehab real estate investing is one of the finest techniques that can bestow in profits beyond their imagination. Several real estate investors utilize real estate investing rehabs to figure their fortunes.

Such investors are constantly hunting for run down, overlooked, and unattractive estates for very minor margins. Further, they fix the estate, preserving the costs of repair as low as possible, repaint the estate, provide a renovation, and execute to sell the estate at an awesome price for huge marginal profits.

The evaluation of the site to rehab is done with thorough consideration to the type of vicinity in which the estate is located, shopping amenities as well as with the accessibility of transportation facilities in the vicinity.

Real estate investors need to possess an excellent concept of the local realty hoard, the present land value, with full experience in rehabbing, to review the requirement for fixing the estate. Further, investors are also required to have the capability to calculate the cost of rehabbing the estate, with the decision for rehabbing the estate by their own, or lending the job to someone else. Investors are advised to deem over every feature, for attempting to acquire the house at a greater profit, and work things out with very less cost price while trying to sell it for its present market value, or higher than that.

Further, the investors are also required to possess a fine concept about the latest patterns in colors and interior furnishings expenses as per the planned finances. This will aid in making the rehabbed house attractive to the promising buyers. But, the investors are advised to carry out the rehab procedure on their own, as this reduces the expense to almost 50% than what a contractor will charge for the same. It is an excellent situation, if the investor is trained proficiently to rehab the houses, as that investor is bound to have an apparent idea of the chores that are required to be conducted, along with the method to cover up the process at the lowest expense possible.

There are certain real estate investors who make prime money by investing in rehabbing commercial real estates, while others are professionals in rehabbing outdated houses, making big profits, opting for the estates located close to a lake or pond. There are certain other investors who focus on rehabbing condos in places where there is a comprehensive demand for condos.

Certain real estate investors rehab and sell off their estates at an excellent profit, and yet others rehab, refinance and lease the estate to acquire fine returns on those investments. For instance, there are certain investors who buy the homes for say $100,000, and rehab it for say $30,000 and sell it for around $200,000. Hence, the sky is the limit for skilled real estate investors investing in rehabs.

Real Estate Developers at a Glance

A ‘real estate investor’, who can be also called as ‘real estate developer’ is a business person who buys and sells properties like land and houses. He is the person between the seller and the buyer. In countries like United Kingdom, a real estate developer is also called a ‘real estate broker’. A real estate investor meets many financial and business choices everyday, like capital gains, tax credits and interest rates. For this he needs to have a deep knowledge on real estate investing, he should also be capable of understanding things and a hard worker. A real estate investor gets his knowledge only through years of experience in real estate investing; he also needs to have deep interest and dedicated. He should to be patient while dealing with his clients and ready to wake up at 2:00AM to speak over the phone!

A real estate investors or brokers frequently have sales people, who are also called as ‘agents’, who help and assist real estate investors in the process of selling properties and even carries out other legal activities, refers legal documents and supervise things. To work as a real estate investor, the investor needs a license as the money is been exchanged between parties and the broker needs to be in presence as the agents work. Real estate investors without license will not be allowed to work unless the property buyer is working with his real estate developer. In this case, there is no necessity of any paperwork. Initially you need to be accredited as a real estate investor to obtain a license which is followed by a mandatory ninety hour course and you have to pass the real estate law exam.

A real estate investor generally targets either residential real estate or the commercial real estate. But there are investors who can handle both. If you need to survive with commercial real estate investing, then you need to have gain lot of experience and knowledge through residential real estate investing. But in many cases the experience which you obtain in residential real estate won’t be enough! Investors dealing with commercial real estates must have enough capital and they need to learn more things as they handle rich business people who will be quite analytical and expect better things from you. Compared to residential, commercial real estate investing is known to be more rewarding and challenging.

Real Estate Training – Tips to Start a Blog and Newsletter to Get More Listings

If only John Dodson did some real estate training. But he never saw it coming. He was a well established real estate agent and he was doing well. But slowly a new skilled and independent real estate agent, who worked from home, eroded his livelihood. The new real estate agent dedicated all his energy to a specific suburb and started building relationships with the people will list their homes with him.

The new agent was patient, he regularly attend relevant real estate training, he provided valuable information on a regular basis to people in his listing area, he knew how to blog; he understood the process to integrate technology with the ability to build trust.

On the other hand Dodson is the traditional real estate agent who will either adapt or get sidelined by these new skilled estate agents. Because the new real estate agent’s training and use of technology will ensure that the new agent builds trust with many potential sellers and buyers with very little effort.

These new trained real estate agents need nothing more than a laptop, an internet connection, existing free communications-, blog tools and the guts to build relationships that will make an impact on their listing area.

The opportunity is ideal for those who want to penetrate the market early. Google indicates that there are more than 20 million “real estate blog” pages in the world but in South Africa, for example, there are only 219 pages. The search for “Real Estate Newsletter” indicates that there are nearly one million pages that cover the topic, but only 139 pages covering it in South Africa. This indicates that a entity the idea to do a real estate blog is well established but with a geographical area the opportunity begs to be taken.

But before you attend any real estate training to become a community blogger beware; I believe that there’ll be only one newsletter per suburb or listing area and the real estate agent who gets established first providing quality information will dominate the suburb in the future.

In addition to the available opportunity the other good news is that most of the real estate blog technology is free, even the integrated newsletter technology, that will broadcast the news to their readers, is free.

Real-estate-training and blog tips:

1) The suburb’s people (listing area) will not join the blog because it exists. The blogging estate agent needs to phone and invite property owners to subscribe to the blog. 2) A blog without an integrated broadcasting tool is not worth the effort. 3) Provide the blog readers with short, regular and important news on property issues related to the listing area. 4) Blog regularly but never overwhelms the readers with news. 5) Start a blog-newsletter before the opposition starts one. 6) Focus on pre-selling. Therefore focus on building relationships and not on selling. You’ll sell when they trust you.

Many traditional real estate agents are trained to waste money on pamphlets asking for listings. Unfortunately very few homeowners are in the market to sell their home today, being the pamphlet drop day.

The traditional real estate marketing is focused on the selling. The new idea is to rather focus attention on getting homeowners to subscribe to your real estate newsletter. And then use it to build trust over time. This will make the real estate agent the expert in the suburb and the first choice when a home is listed. Start communications today.

Johan Horak