Phone calling techniques for real estate investors
As a beginning real estate investor calling people for the first time, you're nervous and excited. The task seems difficult. You're unsure what to say. So here's how most novice phone conversations go: "Hi. My name is .. I'm a real estate investor. I don't know what I'm doing, but maybe you've got something for sale ... and are you motivated?" Feeling nervous, they talk too much and don't have the presence of mind even to listen to answers.
Offer your home at right price
If you want to sell your home fast, you must offer your home at the right price. The pricing rule of thumb is simple: Ask what the buyer wants to pay, not what you want to receive.
How to invest in real estate limited partnerships
Your biggest concern with a real estate limited partnership is the strength of the commercial real estate market. If the market is strong, your investment should do well, but if the bottom drops out of the market, you could see a sharp drop in your income as well as in the value of the properties your partnership owns.
Investment in real estate investment trusts, is it a good deal?
It would be a good idea to have a small portion of real estate investment trusts (REITs) in your portfolio at all times because of the diversification they offer. However, they are particularly attractive during periods of low interest rates and a down stock market. Typically when stocks are faltering, real estate can buoy the portfolio. And when bond interest rates are low, REITs can provide a much better stream of income.
Are real estate brokers worth it?
Now, we understand that the cost of living has escalated for real estate brokers as well as else, and that a fee of $546 might be a little on the low side today. However, allowing for the same cost-of-living increase that everyone else got, $546 would be worth about $1,960 today, which sounds about right. A fee of $ 17,340 seems a bit steep for conducting a desperation sale.
What are REITs ( real estate investment trusts)?
Real estate investment trusts (REITS) are like stocks for the commercial real estate industry. They are trusts that buy commercial properties, such as apartments, office buildings, and shopping centers that produce income. When you buy shares of a real estate investment trust, you become a part owner in all of the property holdings of the real estate investment trust.
Timing the real estate market: Timing the critical buying decision
There are two basic approaches to successfully timing real estate purchases. You can be a momentum buyer or a contrarian buyer. There are pros and cons to each. Provided you are thoughtful about your overall exit strategy, you should be able to make money either way with proper timing. If you're thinking like a trader and have considered how long you plan to own the property, then you should consider what the market will be like when you plan to sell. Will it be a better time then than it is now? And is now the best time to be a buyer?
How to profit from real estate by wholesaling
Wholesaling in real estate is an entire business in itself and generates super-fast profits, usually without ever acquiring the title on the property. It's not uncommon to pick up a check at closing, with the seller and buyer present at the same time. Many times I have earned thousands of dollars within two or three days of finding a deal. Successful people in the wholesale business are accomplished at locating good deals and marketing them - primarily to people who are in the rehabbing and retailing business. The first purchaser is willing to take a smaller, fast profit and leave the larger profit to an investor with the time and money to buy, repair, and sit on the house until it's sold.
How to profit from real estate by rehabbing and retailing
Rehabbing and retailing houses is very profitable, but it is's also the hardest way to make money in real estate and is layered with costly entanglements. A lot of satisfaction comes from rehabbing. Following is a list of tips for rehabbing and retailing:
Real Estate Inspection - Do Your Own
Why should you do your own real estate inspection? To get a better deal. It isn't necessary to learn building codes, and you probably should use a professional inspector in any case. The point of learning what to look for is to have negotiating points.
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