• Home
  • Privacy Policy
  • SiteMap

Connecting the Estate Agents Community

Categories

    • Advertising
    • Advice
    • Affiliate Programs
    • always
    • Ask An Expert
    • Business
    • Business Opportunities
    • Careers
    • College And University
    • Destinations
    • Entrepreneurship
    • Finance
    • International Business
    • John Beck
    • Marketing
    • Mortgage
    • Moving And Relocating
    • National, State, Local
    • News And Society
    • Non Fiction
    • Personal Finance
    • Real Estate
    • Real Estate Tips
    • Sales
    • Software
    • Spanish Property For Sale
    • Travel

Tags

    about agent agents become best broker Business Buyer Buyers buying commercial companies company down Estate find from getting good Guide home internet Invest investing investment investor Investors license market money need part Property Real Real Estate Investment sale sell selling Short should start started successful Tips work

Archives

    • March 2010
    • February 2010
    • January 2010
    • December 2009
    • November 2009
    • October 2009
    • September 2009
    • August 2009
    • July 2009
    • June 2009
    • May 2009
    • April 2009
    • March 2009
    • February 2009
    • January 2009

Alexa

For Agents And Brokers: Simple Guide To Selling Your Commercial Real Estate

Posted by admin in January 23rd, 2010
Topics: Real Estate Tips   Tags: Tags: agents, brokers, commercial, Estate, Guide, Real, selling, Simple

If you are just starting out as a real estate agent, it can be difficult to get started selling commercial real estate. However, commercial real estate is the big money maker in the real estate business. Since commercial real estate has become quite popular since it is such a money maker, it can be difficult and expensive to get started in this type of real estate. There are, however, a variety of ways that you can get started and start getting more commercial real estate deals if you are willing to do a little work.

Online Free Ads
One great way that you can get started in selling commercial real estate as an agent is to use inexpensive methods of advertisement. One great way to get the word out there about the property you are trying to sell is to use free online ads. There are a variety of different websites that are available for you to post classified ads on that list a property, or even multiple properties for sale, and the great thing is, you will not have to pay a penny. Not only is this a cheap way of exposure, but it is also a quick way to get your property noticed. Many times, your ad will be seen quicker when you put it on the web and by many more people. Local newspapers take more time and money to get you the exposure and only reach a local group of people, while advertising with free online ads can get your world wide exposure and help you sell the commercial property.

Free Real Estate Publications
Another way that newer real estate agents can get their commercial properties noticed is to advertise them in free local real estate publications. Whether it is a publication specifically for real estate or a publication that only includes real estate, this is a great way to advertise your property for free. This is an excellent way to gain local exposure, not only for the commercial property you are trying to sell, but also for you as an agent. Make sure that you continue to run ads for your property in these types of publications. Even though at first you may not see results, remember that many times it takes awhile for commercial real estate to sell, but perseverance can lead to a large pay off when you finally sell the property.

Quality Signs
If you are trying to sell a commercial property, especially one that is near a well traveled road, you may want to invest in a quality sign to advertise the commercial property. A small unprofessional sign may not attract any attention at all, but a larger sign that is well crafted and attractive can get the attention of many people who are driving by. You never know who may drive by the property and see your sign. While it will take a bit of money to get a great sign, it will be worth the money that you spend to get your property noticed. One never knows when a local business will need a new site, or someone with money to invest will be looking for an opportunity, and your sign will make sure that they will see your property when they drive by, which may lead to a sale.

Establish Business Connections
As a new real estate agent, one of the best things that you can do is to start establishing business connections with a variety of different people. Speak with other real estate agents that are successful in selling commercial real estate and learn from their mistakes and their successes. Also try to get involved with local business people and know the market that you are trying to sell in. Often, if you can get the word out that you have a great piece of commercial property, it may spread to the right business people that will want to check it out. A great deal of being successful in the commercial real estate market has to do with the connections that you have, so work on making various business connections.

Find Your Own Leads
Even if you are working in a broker’s office, you should not expect the leads to be coming your way within the office. More than likely any leads within the office will be given to someone with more experience in commercial real estate until you have proven yourself to excel in this field. You will have to take the initiative to get the job done, and it is possible with a great deal of hard work. Check out the Chamber of Commerce in your area and find out who the business people are. You may also want to attend local zoning meetings where you will meet prospective investors who are looking for great properties. Even hitting up your local golf courses can help you make friends with local business people who may be prospective clients.

While it may be difficult to get started as an agent in commercial real estate, it is definitely possible if you are willing to work hard. Using the internet to advertise as well as free local publications can get the word out quickly and inexpensively so you will save money and get a broader base of exposure for what you are selling. Signs will also provide great exposure and show that you are serious about the commercial real estate business. Also important is making the right contacts and finding your own leads so you can excel in this business and prove to be a great commercial real estate agent. There is a great deal of money to be made in the commercial real estate industry, and hard work, dedication, and patience on your part can help you become successful.

Tony Seruga, Yolanda Seruga and Yolanda Bishop of http://www.maverickrei.com specialize in commercial and investment real estate. As of May, 2006, they and their partners are managing over $600 million dollars worth of new projects.

Popularity: 4% [?]

The Commercial Investors’ Guide to Miami Real Estate

Posted by admin in January 22nd, 2010
Topics: Real Estate Tips   Tags: Tags: commercial, Estate, Guide, Investors’, Miami, Real


Miamiâ??s commercial real estate is one of the more lucrative deals that any commercial investor can make, especially if he knows how to make the most out of it.

A lot of profit can be generated from investing in Miami real estate, but only if done the right way, which is why a lot of commercial investors in Miami real estate still find themselves unable to generate enough profit at times. It is important to remember that commercial investors, or investors in general, are in the real estate market for one purpose, and that is to make a profit. If they are not able to figure out how to deal with Miamiâ??s commercial real estate market, then they just might end up only spending more in their investment instead of increasing their cash flow. There are a few factors that commercial investors need to consider when they want to take a stab at Miamiâ??s real estate market.

Quick profit

One of the things that investors need to keep in mind when investing in commercial real estate is that they must invest in a deal that will give them profit as quickly as possible. A deal that will bring about a quick profit is a must with commercial real estate investors, especially in Miami, since this will help them further their business by improving it, as well as ensure their success as a commercial real estate investor.

Area with fast economic growth

Commercial investors should always look for real estate properties that are located in an area with a fast economic growth. This will help ensure that there is a source of profit for your investment or business. If the area that the real estate property is situated in is in an area that has a slow economic growth, as well as a slow growth in its population, then it would be more difficult to make the real estate property earn profit since there are only very few sources of profit. The more people are in an area, and the more diverse they are, then the higher the chances of earning a higher amount of profit. It helps if you can find an area that is showing signs of progress and development, these are evidences that an area has a strong economic growth, which is a more conducive location for a commercial investor to invest in. This will put him in a much better position to get the best possible return in his investment, especially since the growth in an areaâ??s economy helps dictate how well your business will fair off.

Under priced property for quick profit

Another thing that commercial investors should look into in terms of real estate properties, especially in Miami, are those real estate properties that are under priced. Any commercial investor know that under priced commercial real estate properties can still become profit-making machines, just as long as commercial investors take the time, with a little money and effort, to improve the property. The faster the real estate property can appreciate, which can be done through the improvements done on the property, then the faster the increase in cash flow would be for any investor.

There are a lot of things that commercial investors can do in order to succeed in the real estate market, and all of them requires enough knowledge about the particular real estate market that they plan on catering to. It takes more than just having the money to invest in something, it also takes skill, the understanding, and enough planning in order to make sure that you make the most of your real estate experience.

Vanessa Arellano Doctor
http://miami-realestate.net

Vanessa Arellano Doctor from Jump2Top – SEO Company

Popularity: 1% [?]

Introducing Whitesand Magazine: your Definitive Guide to the Tropical Lifestyle and Real Estate in the Caribbean and Central America

Posted by admin in January 22nd, 2010
Topics: Real Estate Tips   Tags: Tags: America, Caribbean, central, Definitive, Estate, Guide, Introducing, Lifestyle, Magazine, Real, Tropical, Whitesand

Toronto — Rarely does a magazine come along that mixes the right blend of colorful entertainment and aesthetic beauty with a useful and important educational component. The new Whitesand Magazine – a 60-plus full color glossy – will jockey for position next to your artsy or historic coffee table books. It will not only provide you a valuable go-to source for resources about investing and choosing property in tropical destinations, but also inspire you to create your own image of the sands and sun lifestyle you seek.


From important financial decisions involving your accountants and attorneys to the more pleasing selections of cuisine and cocktails, the editors of Whitesand have you covered. With an award-winning cast from the publisher to the international writers, Canadian based Whitesand Magazine will become your confidante filled with pertinent information from experts in the field who not only know, but live the Whitesand lifestyle. Once you discover the wealth of inspiration flowing from Whitesand, you’ll want to forward a link to the Whitesand website to share the excitement of your tropical vision.


Published quarterly and distributed in Canada, the US east and west coast, Florida and the Caribbean, Whitesand is not just another lifestyle publication. Whitesand Magazine is your definitive guide to Real Estate in the Caribbean, Central America and other Tropical Destinations.


For the savvy investor, the hands-on owner, or the soon to be retired, paradise beckons. Whitesand will serve as your guide to finding the proper tools for education, exposure and guidance about any aspects of your real estate investment. The first issue laid out what you can expect. Here is a sample from Jessica White’s Investment and Education column:


§ Did your vision of sipping fruity cocktails in a cabana, playing golf in a top notch resort beach location, or enjoying the exotic flavors of your new local cuisine include lengthy discussions with your CPA? How about researching the treaty on taxes between your home country and your intended piece of heaven?


Turn to her column regularly for answers about your ownership experience from finances, taxes and insurance to finding a reputable builder, developer and realtor in your chosen resort destination.


Articles are written with a personal touch. The Faces & Places segment allowed you to personally experience the life of Dr. Ruby Dhalla, the youngest Canadian Member of Parliament and the first East Indian woman elected to a national office in the Western world.


The breathtaking pictorial layout plants you firmly in the scene. The Arts and Culture section is guaranteed to enrich your cultural IQ. You experience the setting with social, economic, and political dimensions of each location, details that separate Whitesand magazine from the rest. Whitesand is the first magazine of its kind to offer such a comprehensive overview of tropical destination real estate.


Each issue offers featured destinations with the Spring Issue highlighting St. Maarten after the premier issue swung the reader through Barbados & St. Lucia, Malibu, California and the U.S Virgin Islands. Be sure to read Melanie Reffes excellent description of The Jewels of the Eastern Caribbean:


§ From spectacular scenery, historic sites and eco-tours to world-class eateries and shopping, Barbados tops the vacation hit parade for winter weary Canadians looking for a dose of sun, sand and surf…St. Lucia is now the hot, hot, hot subject on property investors’ lips… a period of sustainable growth lies ahead for St. Lucia’s property market, especially over the next 5 years…

We urge you to check out Whitesand Magazine. Whether you are a realtor or investor, banker or developer, you?ll want to spread the word about the newest resource in the tropics ? www.whitesandmag.com.


Contact Information:

Nicholas Austin, Publisher nicholas@whitesandmag.com 647.892.1159

Jo Lena Johnson, Executive Editor for editorial and destination concerns info@whitesandmag.com.

Advertisers, contact us right away to get your full-color ad in the next issue.

Subscribers: Order a bulk subscription for your associates.

Before becoming Managing Editor for Whitesand Magazine, Jo Lena Johnson spent several years in marketing, media promotions, and entertainment before creating the ?Life Skills Management Division? of Absolute Good where she served as Trainer and Life Coach. She conducted corporate, leadership, professional development, and diversity training sessions throughout North America and the United Kingdom. She has also served as a business development consultant for several corporations, churches, and community organizations throughout the country.

Popularity: 1% [?]

Guide to Buying Dallas Real Estate

Posted by admin in January 21st, 2010
Topics: Real Estate Tips   Tags: Tags: buying, Dallas, Estate, Guide, Real

If you’re a savvy real estate investor then you know that investing in Dallas real estate is a great way to make some money because the real estate market in Dallas is very good right now but if you’re not familiar with the Dallas are then how do you know what Dallas real estate to buy?

Talking to a Dallas real estate agent is crucial if you’re a real estate investor that wants to get some great deals buying Dallas real estate. A Dallas real estate agent will be able to help you find the best deals that are in the real estate market in Dallas.

As you already know location is crucial when you are picking properties to invest in and the best way to know what neighborhoods are hot right now or are on the edge of becoming hot property markets is to ask a Dallas real estate agent. If you haven’t already hired a Dallas real estate agent who is on the ground in Dallas and can snap up a great prospective piece of Dallas real estate before another agent grabs it you should hire a Dallas real estate agent today.

Explain your budget and your price range and you goals in terms of property investment and let an experienced Dallas real estate agent find you some amazing deals on Dallas real estate. Since Dallas is such an up and coming city the best way to find great deals on Dallas real estate is to find a neighborhood that isn’t a hotspot at the moment but shows the potential to become one and buy property in that neighborhood. Then when that neighborhood starts to take off you can make a killing reselling or renting that property. When you invest in Dallas real estate you should also think about investing in rental property.

Right now a lot of people are moving to Dallas to work in new jobs at new companies and they might not be sure that those positions are going to last or they might just be checking out the city to see if it’s a city that they want to live in so if you have invested in rental properties in Dallas you can make a lot of money renting to all the young professionals that are moving to Dallas for work. If you don’t live in Dallas you should hire a Dallas real estate agent or a rental management firm to manage your Dallas real estate holdings. It really makes a difference if you have someone on site who can handle any little problems that come up and can take care of the property maintenance and renting the property out and processing rental applications and doing background and credit checks and so on.

There are plenty of great Dallas real estate agencies and management agencies that can handle the day to day operation of your Dallas real estate holdings for you. It’s worth the money to hire professional Dallas real estate management instead of trying to manage your properties in Dallas from where you live.

This article is brought to you courtesy of Jordan Hashem who is a leading expert in the Dallas Real Estate, and Dallas Mortgage Markets.

Popularity: 1% [?]

Real Estate Investing: Beginners Guide For 2008

Posted by admin in January 21st, 2010
Topics: Real Estate Tips   Tags: Tags: 2008, Beginners, Estate, Guide, investing, Real

If you want to make money in real estate investing in 2008 then its going to take a different approach then when the market was running steadily along. I like to basically take the approach of doing rehabs to pay down your debt and to build your cash reserves and then focus on buying rentals and using flips to pay them off.

Unfortunately, I would not recommend flipping to anyone due to all the hassles involved now. Finding a buyer is difficult and when you do find a buyer your only option left to sell on 100% financing is FHA which in combination with lenders being so tight right now its tough to get a home sold. So if you want to invest in real estate how would I recommend you get started now?

I believe as a brand new investor you need to focus on buying 1-2 properties this year and holding them as rentals or rent to owns to eventually resell when the market changes again. Here is the step by step break down on how I would do it as a brand new investor.

1) Talk to your commercial banker. Get pre-qualified for an 80% loan.

2) Find your source of funds for the 20% down. I recommend an equity line or a private lender.

3) Find your deal

4) Buy your deal and place your tenant in it

5) After 6 months go to another local commercial banker and refinance for what you owe and place a line of credit on your equity. Do not pull out all of your equity. You may want to pull some out for profit but do not pull it all out.

6) In a few years when the market changes sell the homes and take home a substantial profit due to the low prices that are out there right now.

This is how I recommend a new investor who has a stable income and a credit score over 620 to get started. Once the market picks up again then you can revert to doing rehabs to flip for profit but for right now be conservative, buy what you can comfortably handle, and understand that any profit you make will come off of credit lines and refinances in these houses.

Now, what if you have no credit and no cash and you want to get started in real estate investing? This will go into detail about how to wholesale and assign contracts. Here is your guide.

1) Network and get to know every investor in town. Find out what they buy and ask if they would pay you to find a good deal

2) Find out which attorney in town understands investors and how they work.

3) Find a deal and put an escape clause in it.

4) Sell the deal to one of your investors.

5) Build cash and fix your credit with the profits until you can eventually buy a home.

This is how I recommend a new investor get started in 2008. The game has changed but there is always a way to make money if your willing to believe that you can make money, and you supply the action necessary to make it happen. Go to my blog where I share more tips and information that will help you to make money in 2008 with real estate investing.

Shane Wilson is a full time real estate investor. He runs his own real estate investing business blog at http://georgiabuyer.com. There you can find free information, advice, and tips to help make your real estate investing career a success.

Popularity: 1% [?]

Real Estate Investing Guide

Posted by admin in January 20th, 2010
Topics: Real Estate Tips   Tags: Tags: Estate, Guide, investing, Real

Investing in real estate abounds huge benefits and profits.  It comes in different variety, either one opts to invest in property holdings or to commercial property.

 

Looking incisively at  property investment for property or commercial use, the idea of both is to create an flowing revenue.  Since rental  has been commonly practiced in the market, this can gain profit or squeezed out resources when not managed properly. Majority of people investing in property juices out their income from rentals. Although this could somewhat become successful with the right strategy it allows a leeway of drawbacks when the strategy fails to raise the income demanded. This includes the  continuous demands of maintenance to necessary to  extraordinarily expenses required.

 

In commercial investment the risk is always stringed to the declining house values. This could affect the revenue and holds a significant impact to the investor. Impliedly stated, the forces of supply and demand may somehow demand the  lowering of  rentals – it’s less revenue. While the cost of the rental declines, the mortgage value still remains untouched and the same. Along with the decline of property values is the consumption time spent to repair and maintenance. It is a necessary consequence of  depreciation which quickly requires repair in the most immediate time- or else… lessees would run away.

 

While caveat emptor attaches to buyers or users of property caveat venditor applies to the seller or the lessor as well. Tenants differ from one to another. Some tenants would not be that careful as to neglect the care of the property, resulting to its damage. This is another pitfall of real estate investors. It is best that investment in property, the tenant or the owner has to carefully choose or screen the tenants to avoid a loss. With the fluctuation of prices an economic downfall, the surge for a possible decline as to its profits is being felt.

 

With the risk at hand in investing money can still flow like a wild river with the use of a good plan and a right implementation.

 

One method in profiting is sprucing of a prospect property in a promising area for resale. The property may be run down needs reconstruction but is cheaply purchased. With a total makeover would bring out the gem in it. However the key consideration is to use at least low cost renovation without sacrificing the quality and the necessity in a good condition.

 

Investment in property that yields to a high rental return would be profiting. People would be in the go for a place that is conducive and susceptible for living even if the price is high. This factor would raise the value of rental and in the process, getting a higher rental return.

 

Purchasing in a foreclosure sale or action is wise. Usually banks sell the property at a lower price just to augment the mortgage or sometimes merely because they just want to liquidate the property.  This scenarios can at least cut back a large part of the budget in purchase and save the money for repairs.

 

In every investment, profits and loss always come like twins. This is inevitable in every business venture. However, money can run smoothly. It all depends on the investor. Whether investing in commercial real estate or investment property, same.  With the millions of ideas already widely available, tips and guide in investing can be shelf out when needed. Going online  in search for online real estate sites or even articles can give hints.  The substantial part to make profit comes from the rocking from the investor himself.

 

 

Article by Ozfree Online Real Estate a weblog that publish real estate articles for free commercial for rent in Australia.

Popularity: 1% [?]

First Time Home Buyer Guide to Real Estate

Posted by admin in January 19th, 2010
Topics: Real Estate Tips   Tags: Tags: Buyer, Estate, First, Guide, home, Real, time

Buying your first home is an occasion which marks a very special passage in your life. You are about to go from being a renter to being a home owner which, in a sense, means that you’re going to be “all grown up”. But when you start going through the process of first time home buying, you might quickly find that the last thing you feel like is a grown-up. There are just so many things to consider that you can easily begin to feel overwhelmed. Take a deep breath and relax. You’re going to get through this and buy your first home.

Here are the basics of the first time home buyer guide to real estate which is all you need to know to get started with the process:

• Know yourself. The first step to buying a home is knowing what kind of home you want to buy. Believe it or not, many people go looking to buy their first home without really stopping to assess what’s important to them in a home. You should really take the time to figure out everything that you want in a home, including which characteristics are non-negotiable and which you can be flexible about. Ask yourself about everything from neighborhoods and number of bedrooms to age of the home and material of the construction. By narrowing this criteria down before you start looking into buying your first home, you’ll save yourself quite a bit of time and hassle.

• Find a realtor. Although it’s possible to buy a home without the assistance of a professional, it’s a lot easier if you work with someone who knows all about the process. Do your research into local real estate agents and find one who has the knowledge and experience to assist you in buying your first home. When interviewing realtors, ask them specifically about their experience in working with first time home buyers.

• Learn the terminology. Your realtor will be able to explain everything to you as the process goes on, but things will go a lot more smoothly if you know right away what he or she is talking about. You don’t need to know what every single thing in a contract means, but you should learn the basic terminology of the real estate process. Learn about “the closing” and “escrow” and “mortgage”. A basic book about real estate or a website defining common real estate terms can do wonders for making you an informed buyer.

• Know the market. At times, it’s a buyer’s market and at times, it’s a seller’s market. Of course, you want to buy when the market is right for you, so start keeping an eye on the market in the months leading up to buying your first home. Don’t buy until the time is right.

• Don’t be afraid to negotiate. Some people find the process of bargaining to be a natural thing but many others hesitate to negotiate. Buying your first home is an exercise in the art of negotiation. Let your real estate agent help you with this part of the process but don’t be afraid of doing it. You should get the home at the right price.

• Make sure that you’re in your budget and get a good home loan. When you were first narrowing down what you wanted in your home, you probably considered cost. Before making the final purchase, make sure that the home is within your budget. And then make sure that you can get a good loan that will allow you to pay the mortgage on your home without excessive stress in your life. The new home may be ideal but if you’re going to have to move out in a year because you can’t actually afford it, then it’s not the right place for your first home.

There are many steps that take place when you’re first buying a home, from finding the home to closing the deal. However, the basics are all the same. By knowing what you want, keeping within those limits and working with professionals who can assist you throughout the process, you’ll be able to buy your first home with relative ease. Before you know it, you’ll feel all grown up.

Eric Bramlett is the Broker and co-owner of One Source Realty in Austin Texas. Visit Eric?s Austin Lofts Guide, visit his Austin Real Estate company?s website, & his Tulsa real estate website. He has seen considerable success in real estate, and looks forward to many more years in the business.

Popularity: 21% [?]

Short Sales: A Guide to the Las Vegas Real Estate Market

Posted by admin in January 17th, 2010
Topics: Real Estate Tips   Tags: Tags: Estate, Guide, market, Real, Sales, Short, Vegas

Many new investors thrilled by the novel idea of making money by buying and selling real estate, are persuaded by short sales or sometimes called “foreclosures”. Short sales are the real estate equivalent of repossession auctions.


Occasionally, homeowners are forced to sell their property for less than the mortgage they own on it. This is what a short sale is.


The main consequence of a short sale, for the property owner in particular, is that the bank sets the final guide price and the terms of sale.


Banks and other mortgage suppliers dislike short-selling so it can take a long time for them to approve any offer made on a short sale property. This usually amounts to a wait of up to six weeks for the mortgage-provider’s approval.


During this period, in the current market, mortgages will have changed. Interest rates will have risen and it is possible that you will be unable to buy the property that you bid on six weeks previously.


Obviously, for any sort of speculator, time is money. Even for buyers interested in personal property as a home, this is a lot of time on such a risky deal.


Fortunately, there are other strategies available to investors that allow for changes in the market.


Investing in a buoyant market such as the one in Las Vegas now, is sure to build a very positive portfolio in the years to come. There is no harm in buying property for a high price if you are confident that the value of that real estate will grow. A true investor understands this and so will usually avoid the temptingly low prices of short sale real estate.


In fact, Las Vegas provides decent profits for any sensible real estate investor for reasons pertaining to the current market. Constant developments and new employment opportunities make it a reliable market.


You are likely to find many examples of short sale properties in Las Vegas because to the current market conditions. There are a lot of people that paid too much for his or her property originally; or who has altered the real property state in a way that was damaging to its value.


The key point to take away from this article is while short sales are risky, the can be very profitable if you have patience in the market. The key is to find a buoyant real estate market like the one that exists in Las Vegas. Sensible investments in a good market will repay you with a nice profit margin. Equally, people buying real estate as a permanent home may want to ensure that they don’t waste their family’s time on short sales or markets that will lose them money.


I hope this has helped you in your efforts to make money from real estate.

Thomas Bladecki is the author and can provide additional information about foreclosures and the current real estate markets visit Home Foreclosure Help.

Popularity: 1% [?]

Guide to Buying Real Estate W/ No Money Down

Posted by admin in January 15th, 2010
Topics: Real Estate Tips   Tags: Tags: buying, down, Estate, Guide, money, Real

“You’ve heard what appears to be a rumor: it’s possible to buy real estate with no money down. Well, you can’t stop holding your breath because the rumor is true. You really can buy real estate without putting down a penny but you should know what you’re doing before you get into it. There are pros and cons to purchasing your home this way. Be aware of what those pros and cons are so that you can buy real estate with no money down and no problems in the future.

Here is your guide to buying real estate with no money down:

• Borrowing money for a down payment is one of the most common methods of purchasing property with no money down. If you’re going to take this approach, you should make sure that you get a good loan with an interest rate that isn’t excessive. A line of credit or a home equity loan may be alternative options to a standard loan.

• Consider leasing until you buy. This is not a common real estate practice but it is something that can be done. The way it works is to lease the property with an option to buy during a set period of time. Negotiate a deal in which the money you’re putting towards the lease each month is considered the down payment on the purchase.

• Be firm in negotiations. It really is possible to just go in to the negotiation of the sale of your home intent on making “no down payment” a part of the plan. If you’re willing to concede to the seller on other points, you might be able to win out on this one. This is especially true if it’s a buyer’s market and the seller’s in a bind or if you’re willing to outbid others on the actual price of the property in order to negate the down payment.

• Know the legalities. There are certain no-money-down practices in real estate purchase that are common but are actually illegal. For example, sometimes the buyer will put down the down payment but then immediately get it back from the seller without disclosing the transaction. Appealing, but illegal.

• Realize that if it sounds too good to be true, it’s probably too good to be true. There are a lot of scams out there for convincing buyers to consider no payment down real estate purchases. There are very legitimate ways to do this but you need to do your research and not just jump on the first chance that passes you by. Look carefully at all of the real estate purchase terms and the reasons that the property might be offered with no down payment. In other words, go into the deal with open eyes and a sound mind.

• Consult a professional. Work with a real estate agent or get the advice of a real estate attorney so that you can be sure that the legalities are all covered and the deal is a good one.”

Eric Bramlett is the Broker and co-owner of One Source Realty in Austin Texas. Visit Eric?s Austin Condos Guide, visit his Tulsa OK Real Estate company?s website, & his Austin Texas real estate website. He has seen considerable success in real estate, and looks forward to many more years in the business.

Popularity: 1% [?]

Beginner’s Guide to Buying Income Producing Real Estate

Posted by admin in January 14th, 2010
Topics: Real Estate Tips   Tags: Tags: Beginner’s, buying, Estate, Guide, income, Producing, Real

“Real estate is one of the best investments that you can make. Itâ??s a more stable and sound investment than many of the other financial investments that you can drop your money into. But how do you go about buying real estate that will actually make you money?

Here are some tips to guide you in buying income producing real estate:

1) Consider the different ways that real estate can provide income.

First, you can buy a property with the intention of renting it out to generate monthly income from renters. Or you can buy a property as a â??fix-upâ? which you can then sell for a profit. Finally, you can purchase a property with the intention of letting it sit for a time until the market takes a turn and the value improves, at which time you sell it for a profit. Figure out which method you want to use for producing income with your real estate purchase so that you know what kind of home youâ??re looking for. After all, you donâ??t want to buy something that really needs to be fixed up if youâ??re planning on renting it out right away.

2) Do your math.

If youâ??re going to purchase real estate with the sole purpose of earning money from it, then you need to look carefully at your financials. Know in advance what you can afford. Figure out which loans are right for you with consideration of the amount of time that you might be paying interest on those loans. Figure out realistically what kind of profit you are likely to make over time. While it can be tempting to buy a property that looks good, purchasing with income-generation in mind means looking more closely at the budget.

3) Look at the non-financial costs.

Consider what buying this property will mean in terms of your time. If youâ??re going to rent the property out, you will need to get and keep tenants, collect rent, make regular repairs and provide other on-site services that will take up your time. If youâ??re going to fix the property up and sell it, there will be a short period of time during which the house will need most of your attention. Make sure you have the time â?¦ not just the money.

4) Follow real estate trends.

Before buying an income-producing property, you should be spend some time studying the real estate trends in your area. This will give you a good idea of when the market is right for buying (and later for selling) and will help you make decisions about what neighborhoods to buy in and what types of properties are earning money. You donâ??t want to come in at the end of a trend when itâ??s starting to go out of style so make sure youâ??re on top of your game

5) Take a class.

There are classes offered all of the time (even online) for people interested in getting started in investment real estate. Donâ??t spend a fortune on one but consider an inexpensive class to be well worth the money for giving you the tips youâ??ll need to buy smart. Research online and through the bookstore is also a good idea. In other words, know what youâ??re doing by learning as much as you can.

6) Go in as a group.

In some cases, you might know a group of people with all of the right skills to make a good investment in a property together. For example, if you have someone with renovation abilities, someone with tenant management skills and someone with real estate know-how, then the three parties can invest together, reducing extra costs and allowing for everyone to profit. Of course, you should know who youâ??re getting into business with, but itâ??s an option to consider.

7) Do it all by the book.

Finally, make sure that you have some legal advice to assist you in making sure that everything is done properly. The last thing that you want to do is plan to make a profit off of your real estate and then end up with a problem.”

Kinan Beck is the Broker and co-owner of One Source Realty in Austin Texas. Visit Kinan’s Tulsa Real Estate Guide, visit his Austin real estate company’s website, & his downtown Austin Realtor website. He has seen considerable success in real estate, and looks forward to many more years in the business.

Popularity: 4% [?]

Copyright © 2009 Real Estate and Property. All rights reserved. Designed by: Elegant WP Themes