My Fleep:
Real Estate
Real Estate
What Kind Of Properties Are Real Estate Investors Looking For?
There are several categories of real estate available for
an investor. The easiest for a beginning investor to
understand and participate in is the single-family home.
Why?
1. Homeownership in America is approaching 70%.
2. They are the highest demand type of property.
3. They sell quicker than other kinds of property.
4. Prospective purchasers have the widest range of
financing programs available to them, making the property
easier to purchase. If the property does not sell in a
reasonable amount of time, it can be rented.
Ugly Properties:
Why should you buy the ugly duckling?
The best property to buy is an ugly one. Look for the
property that has never been "updated" or improved or one
that has been improved, in a very tacky way. Don't be
deterred by the pet urine, feces, or mice droppings. Where
some see damage and odor, you should see dollars and
opportunity. Ugly ducklings are the properties that have
the least competition, houses that can be fixed up by
remodeling, not by rebuilding. Many people are scared about
things like leaking roofs and broken windows. Be happy to
see those things. They'll discourage most inexperienced
investors from purchasing the property. In many areas, you
will be competing for some deals with "do-it-yourself"
homeowners.
They may outbid you simply because they figure they can buy
a home for $50,000.00 that will be worth $70,000.00 when
they're done fixing it up. It never occurs to them that
they will spend $10,000.00 for materials and professional
labor, one to two years working on it, and live in a
construction zone the whole time. The oddest thing about it
is that most people will sell the home when they're done,
thinking they did great (although they really broke even)
and start the process again.
Buy, flip and sell works best in a 90-120 day time frame,
with professional contractors quickly completing
decorating, repairs, and renovations.
Where do go to meet the like mind people to get trained in
the investing business?
There are Real Estate Investor Association all over the US.
Many of this assoications are non profit. They are usually
refered to as a REIA. Investor groups are for purpose of
investor education, networking, and training. They bring
national and local real estate experts to their meetings.
They have training on wide topics like: foreclosures,
pre-foreclosures, land lording, rent to own, lease options,
short sales, deed offs, credit, wholesaling, find, fix, and
sell, private money, lines of credit, and accounting. These
are just a few of the topics they speak on.
How do you find a Real estate investors association or
groups in yourr area?
You can go on line to one one of major search engines. Type
in the one of follow words with your local City name: REIA,
Real Estate Investing Clubs, Real Estate Investment
Association, REIAs, Real Estate Investing Classes, Real
Estate Investing Groups, Landlord Club, Real Estate
Mentoring Programs, Foreclosure Boot Camp, Real Estate
Training Classes, Real Estate Seminars, Real Estate
Schools, Real Estate Courses, Real Estate Investing
Network, Real Estate Conventions, Real Estate Boot Camps,
and Real Estate Forums. Using a search engine as search for
topic like how to find a boot camp or class on foreclosures
in the state or city you are in works great.
----------------------------------------------------
Ralph Marcus Maupin, Jr. Nick Name ‘Mark’ is one of
founders of National Real Estate Network LLC. He teaches
real estate investing for college. You will find many free
resources such as: Free Real Estate Forms, Terms, Articles
and Real Estate Investor Clubs Locations at:
http://MegaEveningEvent.com .
There are several categories of real estate available for
an investor. The easiest for a beginning investor to
understand and participate in is the single-family home.
Why?
1. Homeownership in America is approaching 70%.
2. They are the highest demand type of property.
3. They sell quicker than other kinds of property.
4. Prospective purchasers have the widest range of
financing programs available to them, making the property
easier to purchase. If the property does not sell in a
reasonable amount of time, it can be rented.
Ugly Properties:
Why should you buy the ugly duckling?
The best property to buy is an ugly one. Look for the
property that has never been "updated" or improved or one
that has been improved, in a very tacky way. Don't be
deterred by the pet urine, feces, or mice droppings. Where
some see damage and odor, you should see dollars and
opportunity. Ugly ducklings are the properties that have
the least competition, houses that can be fixed up by
remodeling, not by rebuilding. Many people are scared about
things like leaking roofs and broken windows. Be happy to
see those things. They'll discourage most inexperienced
investors from purchasing the property. In many areas, you
will be competing for some deals with "do-it-yourself"
homeowners.
They may outbid you simply because they figure they can buy
a home for $50,000.00 that will be worth $70,000.00 when
they're done fixing it up. It never occurs to them that
they will spend $10,000.00 for materials and professional
labor, one to two years working on it, and live in a
construction zone the whole time. The oddest thing about it
is that most people will sell the home when they're done,
thinking they did great (although they really broke even)
and start the process again.
Buy, flip and sell works best in a 90-120 day time frame,
with professional contractors quickly completing
decorating, repairs, and renovations.
Where do go to meet the like mind people to get trained in
the investing business?
There are Real Estate Investor Association all over the US.
Many of this assoications are non profit. They are usually
refered to as a REIA. Investor groups are for purpose of
investor education, networking, and training. They bring
national and local real estate experts to their meetings.
They have training on wide topics like: foreclosures,
pre-foreclosures, land lording, rent to own, lease options,
short sales, deed offs, credit, wholesaling, find, fix, and
sell, private money, lines of credit, and accounting. These
are just a few of the topics they speak on.
How do you find a Real estate investors association or
groups in yourr area?
You can go on line to one one of major search engines. Type
in the one of follow words with your local City name: REIA,
Real Estate Investing Clubs, Real Estate Investment
Association, REIAs, Real Estate Investing Classes, Real
Estate Investing Groups, Landlord Club, Real Estate
Mentoring Programs, Foreclosure Boot Camp, Real Estate
Training Classes, Real Estate Seminars, Real Estate
Schools, Real Estate Courses, Real Estate Investing
Network, Real Estate Conventions, Real Estate Boot Camps,
and Real Estate Forums. Using a search engine as search for
topic like how to find a boot camp or class on foreclosures
in the state or city you are in works great.
----------------------------------------------------
Ralph Marcus Maupin, Jr. Nick Name ‘Mark’ is one of
founders of National Real Estate Network LLC. He teaches
real estate investing for college. You will find many free
resources such as: Free Real Estate Forms, Terms, Articles
and Real Estate Investor Clubs Locations at:
http://MegaEveningEvent.com .