Real Estate Investing 301 – Advanced Strategies

In Real Estate Investing 101, Part I we covered buying a house to resell for a short term profit, while minimizing risk and making it happen fast. We delved further into flipping in Real Estate Investing 201.

In Real Estate Investing 101, Part II we covered buying and holding property for long term appreciation and wealth building. We also touched on class shifting to increase value.

Real Estate Investing 202 continued on the Buy and Hold theme and offered deeper insight into making it profitable. In Real Estate Investing 203, we looked at shifting property classes for highest and best use, while increasing property value and return.

This time, we are going to look at investing from a different perspective. The previous articles have been about buying property “wholesale” and selling it “retail”. But, there is another way to buy property that may be more efficient as well as more profitable. Continue reading Real Estate Investing 301 – Advanced Strategies

When to Invest in Real Estate

When it comes to investing in property there is no right time or wrong time, anytime is good when investing in property. The market is so wide and high that it is always possible to find some value in there. It can be easier or harder to find value depending on the state of the market but it is always there. There is always some sort of property that has been in neglect, disrepair, or simply has motivated sellers that must make a sale. Properties such as these make for a great buy at any time no matter the state of the market. Continue reading When to Invest in Real Estate

A Real Estate Purchase Agreement

Real Estate Purchase AgreementA real estate purchase agreement is not a rough guide to a deal. It is a contract specifying exactly what legal obligations each side has. In other words, be sure it says what you want it to say, and has everything you need in it.

Normally, if you are buying a property that is listed with a real estate broker, they will have a purchase agreement ready to have the blanks filled in. If you have a buyer’s agent that you work with, he or she will have the necessary forms. There are the routine parts which are necessary, but not easily forgotten or done wrong. These include the following.

The Date – Names of Buyer(s) and Seller(s) – Address Of Property – Legal Description Of Property – Purchase Price And Terms – List Of Anything Included With Property – Date The Deal Should Close By – Closing Process – Disclosure Statement – Signature With Date For Buyer And Seller – Addresses and Phone Numbers Of Buyer And Seller. Continue reading A Real Estate Purchase Agreement

Ten Cheap Real Estate Motivators

Real Estate MotivatorsWhy is there cheap real estate? Is it just that some sellers don’t know what their property is worth? Sometimes this is the case, but only rarely. More often a seller is willing to sell for less because it means selling faster or more easily. In other words, sellers will trade a little equity for a fast sale or peace of mind, as in the following situations.

1. Death – After the death of a loved one, family members may want to sell any real estate cheap to be quickly done with the bad memories, or to get their inheritance faster.

2. New Job – A job transfer or new job can give a person a lot of motivation to sell fast, and therefore sell cheap. Often, the seller will end up with two payments, and you will be helping by taking one off his hands. Continue reading Ten Cheap Real Estate Motivators

Real Estate Investing – Don’t Get Ripped Off

ripped offReal estate investing can be simple in theory. You buy rental properties for a price and terms that provide positive cash flow, or you buy a home which you can fix up and sell for more. In practice, though, applying these simple principles involves a lot of educated guesses. Nobody really knows precisely what a house will sell for once it is fixed up. You also can’t say for sure how many vacancies you’ll have in an apartment building.

Fortunately, with real estate investing experience your guesses get better. But then there are the tricks and outright lies that some sellers will throw in your way. Bad information makes good guesses difficult to make. How do you protect yourself? Watch for the following dirty tricks that some sellers have been known to use. Continue reading Real Estate Investing – Don’t Get Ripped Off

Are You Stuck on the Fence? How to Get Started in Real Estate Investing

I received an inspiring email this week from somebody we’ll just call Jack. Jack is a senior in college and already reading up on real estate investing (very nice) and has the passion and motivation to take the next step. He’s asked me for help and doesn’t quite know where to start so I’m going to answer his questions within this blog post.

His email goes as follows: Continue reading Are You Stuck on the Fence? How to Get Started in Real Estate Investing

Property Alert – Trump Ocean Resort in Baja, Mexico

trump-logo2.gifSome of you may have already heard about this but Donald Trump has done it again. He broke ground on a luxury condo hotel resort in North Baja, Mexico and his buildings will be the tallest on the entire Baja.

In fact, the first building, called the Lobby Tower, set a record for the highest single-day residential sales in Mexico at $120 million. While those of you who acted quickly were able to secure units, some of you were shut out, and the least expensive units were, of course, the first to go. Continue reading Property Alert – Trump Ocean Resort in Baja, Mexico

Gold Nugget Real Estate Investing Articles – CRE Online

gold nuggetThere’s a site out there called CRE Online which is a great free resource with a wealth of information at your fingertips. They provide real estate investing articles written by the most successful investors in the country.

Some of the writers on this site try to plug their books, others are just offering up free information from their past success. Either way, it’s a site worth checking out. The site is in dire need of a redesign (it’s circa 1995) but some of the content is golden.