Comments on: The #1 Factor Great Real Estate Deals Are Built On – Motivation http://www.realestateweblog.org/the-1-factor-great-real-estate-deals-are-built-on-motivation.php Ramblings and Advice From a Passionate Real Estate Investor Tue, 07 Sep 2010 21:03:11 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Staten Island Real Estate Agent http://www.realestateweblog.org/the-1-factor-great-real-estate-deals-are-built-on-motivation.php#comment-1077 Staten Island Real Estate Agent Fri, 31 Jul 2009 13:35:37 +0000 http://www.realestateweblog.org.php5-7.websitetestlink.com/?p=72#comment-1077 Finding out whether or not they are motivated is a skill on by itself. You need too understand how to go about it without being obvious. Flying under the radar is extremely important. Finding out whether or not they are motivated is a skill on by itself. You need too understand how to go about it without being obvious. Flying under the radar is extremely important.

]]> By: Denton Ward http://www.realestateweblog.org/the-1-factor-great-real-estate-deals-are-built-on-motivation.php#comment-144 Denton Ward Tue, 08 Apr 2008 23:36:04 +0000 http://www.realestateweblog.org.php5-7.websitetestlink.com/?p=72#comment-144 You hit it on the nose when you said that you have to be open to new markets. We have located and tested a market in the Memphis market...and most CA investors think, "Investing in Mississippi? Why would I do that?" However, once they see the numbers and have a great experience with us, they are tickled pink. As well, foreign real estate can be very profitable. I heard Romanian real estate has exploded off the charts. Denton Ward http://www.erealtyinvestors.com You hit it on the nose when you said that you have to be open to new markets.

We have located and tested a market in the Memphis market…and most CA investors think, “Investing in Mississippi? Why would I do that?” However, once they see the numbers and have a great experience with us, they are tickled pink.

As well, foreign real estate can be very profitable. I heard Romanian real estate has exploded off the charts.

Denton Ward
http://www.erealtyinvestors.com

]]> By: Dana Chauncey http://www.realestateweblog.org/the-1-factor-great-real-estate-deals-are-built-on-motivation.php#comment-143 Dana Chauncey Tue, 09 Oct 2007 22:58:31 +0000 http://www.realestateweblog.org.php5-7.websitetestlink.com/?p=72#comment-143 I agree that a good motivated seller makes the deal go much easier for all involved. Some people only consider those in financial distress motivated, but many factors contribute to motivation. If you ask enough questions you will find the motivation that is specific to that seller. I agree that a good motivated seller makes the deal go much easier for all involved. Some people only consider those in financial distress motivated, but many factors contribute to motivation. If you ask enough questions you will find the motivation that is specific to that seller.

]]> By: Real Estate Guru http://www.realestateweblog.org/the-1-factor-great-real-estate-deals-are-built-on-motivation.php#comment-142 Real Estate Guru Tue, 02 Oct 2007 18:19:44 +0000 http://www.realestateweblog.org.php5-7.websitetestlink.com/?p=72#comment-142 Agreed. Multi-Family units are a great safe bet. I've purchased several of them in Albuquerque, NM with nice passive income coming in each month. I'm not expecting the 4-plexes to dramatically increase like a single family home would...it's more a slow safe appreciation. Thanks for your comment Emmanuel. Agreed. Multi-Family units are a great safe bet. I’ve purchased several of them in Albuquerque, NM with nice passive income coming in each month. I’m not expecting the 4-plexes to dramatically increase like a single family home would…it’s more a slow safe appreciation. Thanks for your comment Emmanuel.

]]> By: Real Estate Guru http://www.realestateweblog.org/the-1-factor-great-real-estate-deals-are-built-on-motivation.php#comment-141 Real Estate Guru Tue, 02 Oct 2007 18:14:35 +0000 http://www.realestateweblog.org.php5-7.websitetestlink.com/?p=72#comment-141 That's very true Veliko. If a seller already purchased another property and they're paying two mortgages, that's going to be a big motivating factor. That’s very true Veliko. If a seller already purchased another property and they’re paying two mortgages, that’s going to be a big motivating factor.

]]> By: Veliko Turnovo Hills http://www.realestateweblog.org/the-1-factor-great-real-estate-deals-are-built-on-motivation.php#comment-140 Veliko Turnovo Hills Tue, 02 Oct 2007 06:37:54 +0000 http://www.realestateweblog.org.php5-7.websitetestlink.com/?p=72#comment-140 A seller's motivation to move items quickly also comes into play with price. A seller’s motivation to move items quickly also comes into play with price.

]]> By: Emmanuel Cervantes http://www.realestateweblog.org/the-1-factor-great-real-estate-deals-are-built-on-motivation.php#comment-139 Emmanuel Cervantes Tue, 02 Oct 2007 00:14:30 +0000 http://www.realestateweblog.org.php5-7.websitetestlink.com/?p=72#comment-139 In any market both Sellers and Buyers exist. It is those individuals that live within their means that are able to build wealth and own real estate. Those who attempt to take on too much and do not have the reserves to weather the storm are the individuals who find themselves in difficult situations. Will the recent slashing of interest rates really stimulate the market? We have witnessed it devaluize our dollar, but not do much for the market. In fact, the week that rates were cut, lenders did not pass on those savings to consumers. With creative loans a thing of the past and tight loan restrictions, the pool of qualified buyers continues to shrink. Prices have yet been reduced to a point where the average person can afford to buy. The key word Bernanke used in his address after cutting interest rates was, "price correction." That is exactly what we are seeing, a price correction. The inflated values that were placed upon homes are now returning to a normal state. Until prices become more reasonable, I do not foresee the market picking up. On the other specturm, owners of multi-family property are reaping the benefits of the current market. High prices and tight restrictions force people to rent, while foreclosesures and Condo-conversions have displaced occupants. The vacancy rate in Los Angeles is lower than ever, interest rates remain at a historical low and the cost of rent has continued to increase. Multi-family owners are in a great position. For more information on Multi-Family sales, please visit www.AptBldgTrader.com In any market both Sellers and Buyers exist. It is those individuals that live within their means that are able to build wealth and own real estate. Those who attempt to take on too much and do not have the reserves to weather the storm are the individuals who find themselves in difficult situations.

Will the recent slashing of interest rates really stimulate the market? We have witnessed it devaluize our dollar, but not do much for the market. In fact, the week that rates were cut, lenders did not pass on those savings to consumers.

With creative loans a thing of the past and tight loan restrictions, the pool of qualified buyers continues to shrink. Prices have yet been reduced to a point where the average person can afford to buy.

The key word Bernanke used in his address after cutting interest rates was, “price correction.” That is exactly what we are seeing, a price correction. The inflated values that were placed upon homes are now returning to a normal state. Until prices become more reasonable, I do not foresee the market picking up.

On the other specturm, owners of multi-family property are reaping the benefits of the current market. High prices and tight restrictions force people to rent, while foreclosesures and Condo-conversions have displaced occupants. The vacancy rate in Los Angeles is lower than ever, interest rates remain at a historical low and the cost of rent has continued to increase. Multi-family owners are in a great position.

For more information on Multi-Family sales, please visit http://www.AptBldgTrader.com

]]> By: Sal http://www.realestateweblog.org/the-1-factor-great-real-estate-deals-are-built-on-motivation.php#comment-138 Sal Sun, 30 Sep 2007 06:00:15 +0000 http://www.realestateweblog.org.php5-7.websitetestlink.com/?p=72#comment-138 These are all great tips. I've also learned during my time as an investor how important it is to keep an open mind on various types of markets. I've started to research real estate in foreign countries by going to on-line newspapers and other types of region specific websites. Through a Costa Rican newspaper called the Tico Times I was able to find the real estate website www.buysafecostarica.com . My wife and I successfully purchased our first condo on foreign soil through them and we are currently researching property in Australia through www.realestate.com.au . I would encourage investors who enjoy a good challenge to utilize the web for tapping into the foreign real estate markets. These are all great tips. I’ve also learned during my time as an investor how important it is to keep an open mind on various types of markets. I’ve started to research real estate in foreign countries by going to on-line newspapers and other types of region specific websites. Through a Costa Rican newspaper called the Tico Times I was able to find the real estate website http://www.buysafecostarica.com . My wife and I successfully purchased our first condo on foreign soil through them and we are currently researching property in Australia through http://www.realestate.com.au . I would encourage investors who enjoy a good challenge to utilize the web for tapping into the foreign real estate markets.

]]> By: Real Estate Guru http://www.realestateweblog.org/the-1-factor-great-real-estate-deals-are-built-on-motivation.php#comment-137 Real Estate Guru Thu, 20 Sep 2007 18:56:01 +0000 http://www.realestateweblog.org.php5-7.websitetestlink.com/?p=72#comment-137 Those are good places to look too. It's all about getting the inside scoop by either a "bird dog" or gossip places like you mentioned. Thanks for your comment! Those are good places to look too. It’s all about getting the inside scoop by either a “bird dog” or gossip places like you mentioned. Thanks for your comment!

]]> By: Real Estate Attorney, Miami Beach http://www.realestateweblog.org/the-1-factor-great-real-estate-deals-are-built-on-motivation.php#comment-136 Real Estate Attorney, Miami Beach Thu, 20 Sep 2007 17:51:18 +0000 http://www.realestateweblog.org.php5-7.websitetestlink.com/?p=72#comment-136 It is often useful to ask a lot of questions. My most successful real estate investor clients find out who is motivated by asking the local Gossip about personal issues, such as engagements, preganancies, graduations, work promotions, marriages, firings, hirings, etc. These individuals often are or will soon be very motivated to sell. Neighbors of sellers will often be more than happy to share which sellers in a building are the most motivated and why! http://www.southptc.com/ It is often useful to ask a lot of questions. My most successful real estate investor clients find out who is motivated by asking the local Gossip about personal issues, such as engagements, preganancies, graduations, work promotions, marriages, firings, hirings, etc. These individuals often are or will soon be very motivated to sell. Neighbors of sellers will often be more than happy to share which sellers in a building are the most motivated and why!

http://www.southptc.com/

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