Five months ago I was faced with a decision to keep doing the same thing that I loved or go and try something different and change my life for the better. Well would you like to know what happened?
Maybe next time. No, just kidding. I changed my life for the better. I am the president of my own personal service cooperation. We serve average people and help them create extraordinary income streams. Most of the people are seasoned investors and get in and out of the real estate game. Then when they are broke the get in again and make some money then stop again. A great passive stream of income that flows reguardless if you work or not can flow through your life day by day. The good news is that this stream can get passed on to your children’s children.
Well continue reading and I will show you how to do it.
On you average day you drive to and from work. You drive the same way every day if you are a reptile brain. You change paths if you are a mammal brain. Today
The last downturn of the global stock market saw millions of ‘every day’ investors having their fingers badly burned. Overnight life savings were eaten away, retirement funds went into decline and the economic forecast for all of us who had any money invested in stocks and shares was gloomy to say the very least.
As a direct result investors in their thousands turned their backs on the rollercoaster stock markets and sought alternative asset classes in which to invest their hard earned money. This has led to a global boom in real estate markets and property prices, and it has spawned a generation of budding real estate investors.
For those of you wondering whether it’s too late to venture into real estate investing or considering how best to make the most significant returns from property investment, here are 5 hot tips for successful real estate investment to set you on the path to potential profits!
1) Consider Investment Property Abroad
There are many relatively untapped property markets in countries around the world that offer the real
Given the current interest (dare I say hysteria) associated with investing in dirt and buildings, I thought it might be interesting for our readers to have a quick, dirty manual on real estate valuation. My perspective comes from years in the industry as well as some time learning at the knee of some of the better real estate minds in academia.
I will separate (to some degree) investing in one’s residence, for consumption, from investing in real estate for fun and profit. The reason for this separation is that much of the utility or value of one’s home is locked in the pleasure one gets from living in it, or consuming it. Although there are certain ego strokes to owning large buildings, an edifice complex – if you will, the value associated with land, apartments, office buildings and warehouses is locked in the cash flow they provide or will provide. [That edifice complex comes in to play with large, trophy assets – I wouldn’t expect any of our readers to be buying the TransAmerica Pyramid or the Sears Tower, but there
Are you seeking your little corner of sun drenched heaven on earth? If you are you’re certainly not alone!
Many Northern Europeans, Americans and Canadians are looking overseas for investment real estate or for a holiday bolt hole and if you’re considering buying a second home in the sun, a home from home abroad or an investment property overseas and you’re in a hurry to get started, these top 10 home purchase abroad tips for success should set you off in the right direction.
1) Legal Advice
Legal systems differ from country to country so never assume that you understand how exactly the entire house purchase process is going to work, and never expect things to necessarily go exactly your way! To be assured of the fact that your personal interests are being looked after and that you, your money and your property are 100% secure, legal and legitimate it’s essential to seek independent legal representation in the country you’re considering buying property in.
This is especially true if you’re buying property in a country where you do not speak the language. You will be putting your name, signature and bond to contracts and
What if two people pooled their resources and began investing in real estate. Like many partnerships things progress smoothly for a while and then a dispute arises.
Now they seldom can stand to talk to one another and then only through clenched teeth. A sad story, but one that is not uncommon.
What if they have an undivided interest in a fourplex. They want to end their investing enterprise, but they can’t agree on the disposition of the property?
An action for partition may be the only solution. That means one of the investors turns to the court to decided how and when the interest in the property will be divided.
In a partition action the owner or claimant of real property or any interest in the property may compel a partition (division) of the property between him and other owners. It may vary from state to state, but in Arizona the partition complaint is filed in the superior court of the county in which the property is situated.
The court will hold a hearing to “determine the share of interest in the property sought to be divided of each of the owners
Just like most things real estate investing can be broken down into easy to learn step.
Step One – Learn the basics:
Ownership of real estate is evidenced by a valid deed. When you buy property the seller signs a deed that transfers his ownership interest to you. Most states use a Warranty Deed. With that deed the seller warrants that title to the property is as he has described. You would buy title insurance in case some defect in title was discovered after the transfer of ownership. Recording the deed is notice to the world that you are the new owner.
You must know how to correctly fill out such basic documents as purchase offers, deeds, options, leases and rental agreements. Many of those documents have been recorded in your county and you can see many expert examples by viewing your County Recorders files.
If you have borrowed money to buy the property the lender will record a mortgage or trust deed immediately after the Warranty deed has been recorded. This mortgage is a lien on the property and gives the lender power to foreclose if you violate terms of the loan, like
Maybe you’re moving to a larger home to accommodate a growing family, relocating for a new career opportunity, or purchasing a townhouse for retirement. Whatever the reason for the move, you’ll need to take the necessary steps to sell your home for the best possible price, within a reasonable amount of time. Where do you begin?
If you’re like most people, you’ll start by seeking assistance from a professional. A local real estate sales associate, who knows your neighborhood, can help you determine a fair market price. The sales associate should also recommend the extent to which you should make repairs or improvements to your house.
In order to select a real estate professional who’s right for you, ask family, friends and neighbors for referrals. Attend open houses and interview several sales associates to find out how professional or experienced they may be. Get a written outline of how they plan to market your property and the services they will offer you.
Once you’ve identified a qualified professional, the rest is chemistry. Is the sales associate someone with whom you would like to work closely? Do you feel comfortable with the sales associate as your
Books on real estate are a dime a dozen–and most focus on taking advantage of someone else’s misfortune. They frequently describe lofty methods for buying and selling properties no ordinary citizen can be successful using.
Real estate professional Dan Auito has had enough of books that waste people’s time, money, and effort, and sap their will to believe in their abilities. So he has written “Magic Bullets in Real Estate: Your Guide to Understanding and Using Real Estate to Your Best Advantage,” which reveals how every person can live a life of prosperity and security. It describes in detail a concrete plan to find, negotiate, contract, buy, sell, rehabilitate, and flip properties–as well as manage tenants, taxes and tradesmen.
“The book gives strategies on how to zero in on specific real estate,” explained Auito, who has bought, sold and rented many properties over the last fourteen years. “It gives practical, affordable steps for achieving results–without paying commissions or management fees.”
This common sense, enthusiastic guide dispels the myth that investors need agents and managers to work on their behalf. It describes how to use mentors, appraisers, real estate attorneys, title companies, lenders and a supportive
The conclusion of final agreement between a seller and a buyer is the Agreement of Purchase and Sale. We know it as the real estate contract.
There are five mandatory requirements for a contract under contract law:
1. The name, address and contact data for the seller(s) and buyer(s).
2. A clear description of the property. We prefer the tax map and parcel number but a street address, or other clear description will do. Such as “parcel known as Hudson Farm, being 456 acres more or less fronting on west side of US Route One and County Rd. 264, being about 9 miles north of Rehoboth in Sussex County Delaware. The final description on the deed at settlement will contain the Book and Page number where it was purchased, a survey description and tax map ID. For the contract any clear description that could ONLY be the property being sold is sufficient. This can be the Tax I.D. number.
3. The price and terms of payment. For instance: cash at settlement in thirty days from the date of this contract. Here should also be noted the deposit or consideration which may be as little
Each element has a specific color associated with it. Because color (light) vibrates and is such a high frequency, it immediately lifts the “energy vibration” in our listings. When this happens, our listings act like magnets and attract buyers, sellers and referral business, effortlessly. This is called the Productive Cycle of Elements…when Fire creates Earth, Earth creates Metal, Metal produces Water, Water feeds Wood, and when Wood fuels Fire. Learning the “proper placement'” of these elements in your listings… to lift Ch’i..ENERGY..will exponentially increase buyer activity.
Conversely, when one or more of the elements are out of balance in a listing… buyers do not stay long in a property and Realtors® do not write offers on them. For example..too much Fire in a listing burns Metal, too much Metal chops Wood, too much Wood sucks the nutrients from the Earth, too much Earth dams Water, and too much Water puts Fire out. We refer to this as the Destructive Cycle of Elements.
Realtors® around the world who Feng Shui for success are soaring in their real estate careers. Today they even Feng Shui listings that they know will sell quickly within a day or two, because they have learned how to create
Lighting is the most important detail of interior Design Psychology for selling houses. Lighting influences a prospective buyer’s feelings within a space more than any other interior design element. Therefore, it’s worthwhile to give extra thought to lighting when selling your home.
Consider your selling season and local climate when choosing light bulbs and staging the natural daylight inside your home. Both factors will relate to your overall lighting design plan. Try to envision your final product as either a cooling desert oasis or a warm, sheltering refuge.
Calculate the time you’ll need to get your home ready for sale, and then add on a few extra days for unexpected delays. Estimate your selling season, which is the time of year you’ll be marketing your home, since this timeframe will establish the basis for your decorating choices and help you plan your lighting scheme.
Natural Day Light and Seasonal Lighting Patterns
Nature’s natural daylight influences your selling season; people feel most comfortable in homes where the lighting mimics the natural outdoor setting. But natural daylight also changes the appearance of colors inside your house.
Northern light, mostly cool or downright
There are a great many books and web sites devoted to real estate investing out there, but most of them concentrate on one specific area of investing. It’s often hard to find a general description of real estate investing, one that lists the various real estate investing strategies and how to get started. That’s what this article will set out to do.
Before beginning, you must understand that real estate investing is not a get rich quick scheme. Real estate investing can, and will, make you wealthy, but it certainly won’t happen overnight and it will require work. As you perfect your technique and gain experience, the amount of work needed to gain a lot of money will reduce, but it will take effort and persistence to make it there.
If you’re completely new to real estate investing then the only sort of investing strategy you’re likely aware of is rental properties.
Landlording has been around since there have been houses and people to rent them to, and it will continue to be a wealth builder. In fact, most of the ‘no money down’ real estate strategies you hear about still include rentals as part of
The secret to success in real estate investment is finding bargain properties that you can “flip” quickly for a profit. Here are a few ideas for becoming a successful investor:
1) Obtain sound advice from investors who are already successful. Friends and realtors can refer you to folks who have proven investment track records.
2) Define your investment goals. Do you want to buy a home to live in, to fix and sell, or to hold for your future?
3) Read real estate investing books and articles, attend workshops and seminars, while AVOIDING out-of-date infomercials.
4) Choose a lender with great service, a good closing record, and fair costs, and get preapproved for financing.
5) Define your target locations, and become an expert. Study real estate newspaper sections, pick up sale flyers, and note sales prices in your target area.
6) Interview real estate agents and learn from them, but don’t sign any agreements that will limit your search for bargain properties. You’re looking for agents who know your target market thoroughly and will work hard to find properties for you.
7) Find a good escrow officer and use them for
Many folks dream of becoming real estate investors, but not everyone has what it takes. If you’re dreaming of becoming an investor, here are several important questions to consider, long before you buy your first investment property:
1) Why would a homeowner sell a house at a bargain price?
Many things happen in people’s lives that make their home suddenly become a burden. Loss of income, divorce, or illness are the most common, but sometimes a homeowner dies, leaving a home that none of their heirs wants. In any case, the home has become a problem, which is where you, as an investor, come in. The homeowners, or the heirs, have a problem, and you must find a way to offer a solution.
2) What types of houses should you look for?
Besides being owned by someone who no longer wants or can afford to stay in a property, you want to find a home that’s only tired, and not in need of structural work in order to favorably compete with similar houses on the market. We call that type of house a “doghouse.”
3) How do you find doghouses?
Because you need quick action when applying for a real estate purchase loan, find a lender you can access easily. A lender’s quick response signifies good service to follow.
Once you know your middle credit score, look for a lender appropriate to your specific needs. When ready to make offers to purchase, apply for credit with lenders. Choose at least three lenders to apply with and do it at the same time. Call all your prospective lenders during the same week. This counts as only one inquiry on your credit report. Credit bureaus expect borrowers to shop for a loan.
The best way to find a good lender is to ask a real estate investor for a referral. Also, escrow officers and real estate agents know lenders who close loans efficiently in a timely manner. Avoid advice from agents or others who receive a kick-back commission for referring you, because you may pay for this referral with added charges to your loan.
Ask potential lenders about the following requirements and costs according to a price range you think matches your needs. This also helps determine what you need to look for in
To become a successful real estate investor it’s vital to have a long-term relationship with a good lender. Having a flexible lender who knows your needs and objectives can be the difference between success and failure in your investment career.
Choose several lenders to begin with, and then interview all of them. Ask friends, other investors, and realtors for referrals. Call all of your potential candidates in the same week, so you’ll have identical criteria for comparing their rates, fees, and programs.
Instead of trying to fit into a lender’s program, interview your lenders by finding out how they can accommodate your needs. Here are a few questions to ask:
1. What are their requirements for middle credit scores and income?
2. What are their standard loan costs? These include things like points, processing, underwriting, documentation preparation, filing, and credit report fees. Can you add these fees to the loan amount?
3. Is there a required holding period before you can resell the property? Are there prepayment penalties when you flip your investment properties?
4. Do they require mortgage insurance? If so, what is the minimum percentage you’ll need to put down
Real Estate can be a great investment with unusual appreciation. We have had several years years of exceptional annual appreciation. We are still having great appreciation, perhaps as much as 20% annually in some areas. But, it is not as extensive nor as much as it was. Real Estate as an investment can be fairly good to best in the world — but it is an investment that is best viewed over the long term; There can be long periods when it does not go up in value much, if at all. Taken over a period of decades or even centuries, nothing on earth beats it. Another problem with real estate is that it is not liquid, that is, it is not easy to convert to cash — like stocks, bonds, and savings accounts are. Real estate is particularly non-liquid during a downturn in our markets. You will not likely hear this anywhere else, especially from other Realtors, but real estate is not a great investment, it is usually a good investment but not always, and not all the time — when looked at short term. Too many people buy real estate as an investment and forget that
Top places to reside in
The security of living in Costa Rica will be determined by the region chosen. It is important to choose calm neighborhoods that are known for low crime and violence. Costa Rica is a peaceful nation, and most areas are perfect for retirees. Some of the top areas to live in include San Ramon in Central Valley which has been named as the top destination for retirees looking to spend golden times during their golden years. It is less crowded since tourists bypass the area and features elegant houses and peaceful neighborhoods. The Southern Zone that consists of Unite, Dominical and Epochal also offer perfect tropical environments to live in. Other areas include the Cahuita region that presents excellent Caribbean coasts with long beaches and a wide variety of activities to engage in and a friendly easy-to-immerse in Afro-Caribbean lifestyle. For lovers of nature, the Arenal region presents a perfect residence with long stretching green landscapes and volcanic mountains, lakes and rural communities that live peacefully. Enthusiasts can opt for Jaro area of Central Pacific Coast, which offers a resort town with bustling fun activities. In Costa Rica, there is no limitation on
When people usually think of real estate value they think of two forces; supply and demand. Yes, this is correct; however supply and demand only fall under the one of the four main categories that drive/depress real estate value. Supply and demand fall under the economic category of influences in real estate value. The other three include; social impact, government subjection and environmental forces.
When looking at social impact, there are a few things one would want to consider determining the effect it will have on real estate value. Most of all the value would fluctuate accordingly with population characteristics. This tie into the potential for demand in the economic section of value; the more demand, the more value a property can derive. Population however should be looked at in more depth by breaking down the sample by age and gender, rate of household formation and partition, as well as analysis of the social values such as education, law and order, and lifestyle preferences. Careful consideration of these factors will help establish trends in what would be reflected in real estate values.
Next is the government subjection, accounting for a large aspect of real estate value.