Real Estate Investing Facts

There are a ton of things to keep in mind when considering a career in real estate investment. The first and foremost question however should be whether or not you are truly committed to making real estate work for you. This is not a business for the faint of heart. In order to truly turn a profit you must be at times ruthless when dealing with buyers and sellers but ethical to a fault when it comes to the work that must often be done in order to get a property in sellable condition.

The reason a serious commitment is needed in order to make real estate work for you is simple. There will be ups and downs along the way. The stock market experiences rises and falls on a regular basis. Just as you cannot dump all of your stock over one bad day the same holds true even more so in the realm of real estate investing. Property values in general rise gradually over time. This means that even if the values in a community falter chances are that they will eventually recover.

People who count on a slow and steady growth with their real estate investments are called buy-and-hold investors . These investors are truly committed to their investment. Some of them elect to hold the property as a vacation property while others opt to earn an income on the property by renting it out to other families or vacationers, whatever their choice may be.

This is a great way for many people to enjoy the luxury of a vacation property without absorbing all of the expenses involved in owning a vacation property as the rentals will help compensate some of the costs when the owners (investors) are not in residence. This is a fairly common practice in high demand tourist areas in which people often enjoy vacationing. These types of investors are what some people refer to as serious real estate investors though all real estate investors need to take their purchases seriously.

Those who own rental properties must also be committed to making their investments work for them. Rental properties are not a ‘hands off’ type of investment, as they will need to be maintained in order to remain in demand by tenants especially in places like West Vancouver. You must also make constant efforts to keep these properties managed and filled along with remaining certain that you are collecting your rent each month and that the properties aren’t falling into a state of disrepair or abuse by tenants.

Many West Van real estate investors retain the services of property management agencies in order to handle the minutia of month-to-month details and collections. This is a great idea whether you have one lone rental property or a vast portfolio of rental properties. Even better however, is the fact that if you keep your rental properties in reasonable repair throughout the years they can become liquid assets in time. In other words, they may actually pay for themselves a few times over if you invest for the long-term rather than focusing on the moment.

No matter what type of real estate investment you intend to have it is important that you are prepared to make the commitment to profit or profitability that is necessary in order for your venture to be deemed a success.

Written by a West Vancouver Real estate professional.

100% FREE STOP PROCRASTINATION System by clicking on this link.

Learn To Wholesale

Subscribe in a reader

So what do you do when someone asks you, “Do you want to buy my home?”

Okay, you’ve been working hard helping lots of homeowners solve their problem – without buying their home. You feel good about that but wonder, “When will my deal come?”

Then it happens. Your phone rings and the person who has been avoiding your calls the last three weeks asks, “So what would it look like if you DID buy my house?”

“ER well, a yeah a, er, a, let me think about that one…” was the way I answered that question the first time! I know. It takes you a little off your feet.

If you are working the foreclosures.com program hard this WILL happen and you must prepare for it in order to give yourself the best shot at a “win-win” situation.

My suggestion to you is when asked a question, don’t answer them. Get yourself into the question mode immediately.

After all, in order to find a “win-win” you must realize THIS IS ALL ABOUT THEM AND THEIR NEEDS (not yours). As long as the numbers work for you, you will do this deal. If not, help them solve it with another avenue (like a referral to an agent or lender).

Find out why they have decided to sell now and their entire picture of where they are right now. And then find out where they are going and why. Probe! They need to answer your questions and you need to get the WHOLE picture. Knowledge is power. It really helps to have what they want and need prior to you meeting with them.

Here is what I would say (while taking copious notes):

* “Okay Mr. or Ms. Defaultee, in order to best help us move forward, tell me, what does your ‘fresh start’ look like?”
* “Where are you going if and when the house sells?”
* “Are you staying local? Same job? Moving out of the area?”
* “Could you possibly make it if you didn’t sell the home? Then what would you do?”
* “Tell me, what exactly is ALL you owe against the home? How much would you hope to NET to you?”
* Do not ask “What do you think it is worth?” They will most likely guess too high (especially if they think Zillow is what they can sell their house for).
* “What other selling alternatives are you looking at besides selling to me?” (I want to know what I’m up against.)
* “How much time do you have left before the home is going to sale?”
* “What is MOST IMPORTANT to you in making this fresh start?”

This is a very important question. I’ve gotten deals because of the out-of-the-box solutions I came up with just by assessing their entire situation and finding creative solutions that SOLVED THEIR PERCEIVED MAJOR STICKING POINT. That made working with me their best option, even though I wasn’t the best offer.

EXAMPLES:

* I let one seller remain in the home until their daughter graduated high school five months later (escrowed the rent and a large deposit).
* I had four out-of-area owners of a property with a drug-crazed tenant sell me a home well under market if I’d take it with their tenant headache. (I convinced the tenant that I’m crazier than he, and he moved.)
* I helped an older guy get into a rest home. I personally drove him and his daughter there to meet the staff.

The point is look for the holistic solution! You do this by showing you care with the right questions and then LISTEN.

So when the phone rings with the “do you want to buy my home” question, you now know what to say, er…ASK! Then get out your pen AND PUT SOME INK IN THE DEAL!!!

And when you need a hand putting this all together, I’m here to help you…

Tim Rhode
Investor, Broker, Coach
Foreclosures.com

100% FREE STOP PROCRASTINATION System by clicking on this link.

Learn To Wholesale

Foreclosure Investing

Rein Canada

Copyright © 2010 Foreclosures.com.
This article is available for free distribution under the following terms:
a) You may not edit, delete or add any content to this article.
b) You must maintain all links to Foreclosures.com.
c) This article must be distributed free of charge.
d) This Resource Box must stay intact.

Subscribe in a reader

You can select a good office space in Grand Rapids by considering some factors. Some factors weigh in a lot more than others because they contribute to the productivity of employees. Consider also the number of employees you’re hiring. The space has to be production-friendly. Here are some criteria for choosing office space in Grand Rapids.

1. Building Facilities
Insist on the best facilities. Your office space needs to be cool in the summer and warm during winter season. Comfort is important for you and your employees. Something could be off if the rent is too cheap.

Ask about the mold situation and if the building you are renting has it. While expecting an old building to have state-of-the-art facilities is asking too much, you should at least make sure that you’re not endangering your employees’ health by renting a place infested with mold.

2. Region
Cheaper locations usually mean inaccessible. Maybe they don’t mind going to work daily by car, but then you may have to pay them transportation allowance. Good locations are usually costly, but they will be more convenient. If the location is cheap the trade off is that the employees may find it inconvenient to work in your company.

When you start recruitment, always put in the location of the office. This is so that your potential employees can plan ahead in terms of transportation. Chronic lateness in work hours can be expected if your location is too far away.

3. Size of the Area
Allow for growth, and this means getting an office space that is more than enough for your operations. When your business expands, should you move to a bigger place? If your business becomes a hit (and it should!), you will need to add more workstations. One way to do this is to count how many workstations you can install in the building.

Here are some webpages for you to check out:
Grand Rapids Office Space
Grand Rapids Office Space For Rent

100% FREE STOP PROCRASTINATION System by clicking on this link.

Learn To Wholesale

Subscribe in a reader

If you got a check in the mail in the next 14 days, how would your life be changed with a cool $20,000 after a short reading of easy, step by step tutorial on wholesaling real estate in a slow real estate investing market?

FredomSoft 3 made for the investor

That’s exactly what happened to Darcie Pollard. Here it is in her words (curse word hers – not mine)…

“Less than two weeks after purchasing this digital book I contracted on a house with over $100,000 in equity and was able to sell the contract for $20,000 profit! I am speechless. I never knew real estate could be so damn easy!”

– Darcie Pollard / Clearwater, FL

The good news is in a FREE 7 day mini-course online RIGHT NOW, you can get a lot of the same strategies in the same book Darcie read.

For now you need to at least pick up all the free stuff you can from this site, and I recommend getting the whole system at some point.

The full course is only $45 or something like that. Compared to what YOU’RE about to be making it’s chump change.

I’ve done a little digging about the publisher of this FREE real estate investing course that I’m telling you about..

In the United States this guy has one of the biggest Wholesale operations. In 40 different states he’s flipping houses, and he does it all without ever seeing, closing on, or fixing ANY of them. He built it with no money, no credit, and … most importantly … no manual labor.

And he’s doing this right NOW. In THIS market. This same market that everyone else is whining and complaining about. This guy is KILLING It.Foreclosures Club

Not only that, but he has decided to give BACK to this same wonderful universe that has blessed him with this outrageous success and good fortune by giving his step-by-step, house flipping system away for FREE. But only for a limited time.

This is something that you should definitely check out, Learn to Wholesale, the secret to flipping houses in a recession.

John Assaraf , his incredible story and revolutionary Brain Training System!!

Hans Anderson

Subscribe in a reader

Businesses in Northeast Ohio who are considering a construction project should look at the benefits of value engineering in Ohio, a core principle in 620 Corporation’s project management methods. 620, whose business focuses on Ashland, Cuyahoga, Lorain, Medina, Stark, Summit and Wayne Counties, has been utilizing the principles of value engineering in commercial building for many years.

What is Value Engineering? Budget engineering actually began during World War II, at a time when there were shortages of skilled workers, raw goods, and supplies. Engineers began looked for acceptable substitutes and learned that these substitutions would result in reduced costs, an improved end product, or both, so something that started out of necessity became a effective process that is used to this day. Budget engineering is a deliberate method consisting of many procedures, and is utilized in the design and construction industry to provide the highest project value by merging program, design and expense reduction.

As an example, in a normal building project, the customer can expect to see 620’s staff proceed like this:

First phase – information collection – the 620 staff reviews the requirements for the building project. During this step, 620 will review every piece of the project and assign values to the individual items. After that, they assign a dollar value to each item and actually engineer the effort to a your budget. These two steps enable the 620 team can start evaluating every item to find more cost savings to meet the objectives of the construction project.

One of the most customer-focused construction companies in Ohio, 620’s team invests the effort to define several of construction approaches using value engineering for the customer’s review. 620 brings their lengthy experience and a detailed viewpoint to the effort and use budget engineering to provide the best quality project at the most cost effective price possible. The customer can expect to see a draft of all selections to determine where the effort’s budget is well spent. This value engineering method provides various alternatives that can be fully reviewed during discussion with the client. All of the alternatives are assessed based on how well they meet the effort’s specifications and which will provide the highest cost savings for the customer. Following the client review meeting, 620’s team will present their completed recommendation to the customer for in-depth discussion. The value engineering approach used by 620 Corporation will help ensure an end solution that meets or exceeds the client’s expectations, on time and within budget.

Asset Protection

Learn To Wholesale

100% FREE STOP PROCRASTINATION System by clicking on this link.

Subscribe in a reader