Real Estate Sales Blog
Sep 17 Choosing a property
The main reason most folks invest in real estate is for the returns, which include cash flow and appreciation of property. Real estate is an asset that has the ability to produce monthly income and gain substantial profits on sale or refinance of the property. A few things to consider when Choosing a property If your property does not bring at least a 10% cap rate, it is time to look elsewhere. To figure cap rate, you need to figure you Net Operating Income and divide that by the cost of the home, if you can’t get at least a… Read more
Sep 15 Real Estate investment trusts
If you are looking to get into Real Estate but need a low cost entry option Real Estate Investment Trusts (REIT) may be the best strategy. What are Real Estate Investment Trusts? REIT’s are for profit companies that own and operate different types of property, like shopping centers, apartments, office buildings, hotels, medical facilities, rental buildings and more. REIT mutual funds can often be purchased for as little as $1,000 and sometimes even less through retirement accounts and/or mutual fund options. REIT’s are also a great strategy for those folks who want to diversify their accounts and get solid returns… Read more
Sep 13 HUD homes
HUD homes can be bought at hugely discounted prices, the key is to know what you are buying and to buy the property at the lowest possible price. HUD Homes – where can you find them? An investor’s search for HUD homes begins at the following website: www.HUDhomestore.com. While it’s true that HUD homes can also be found on the MLS, all HUD homes are on this website so it is much easier to sift through and you don’t need a realtor to do the research. HUDHomestore.com is a great tool and will enable you to find any home from… Read more
Sep 11 Foreclosed home – do your diligence before buying a foreclosed home
Foreclosed home investments. Many folks believe that a foreclosed home is the best deals out there. This is debatable at the very least, nonetheless one can definitely find great deals on foreclosed homes. There are many different resources where an investor can find these foreclosures, those range from your local county courthouse, a bank, a real estate attorney or via the web on sites like auction.com or hubzu.com. When buying any property but especially a foreclosure be certain to do your due diligence. Doing your homework is vital in order to have success in real estate. The biggest mistake one can make… Read more
Sep 09 Property Search
Property Search: The most important component of Real Estate investing is knowing what you are looking for and where you are looking to buy. I have come across way too many folks who want to get in the game of investing but have no idea of what they are looking for. It is vital to have a strategy in this business and to have a model that works for you. So, how do you perform the property search? Personally, I focus on single family homes in North Carolina. If you think that is detailed enough, you need to go to… Read more
Aug 31 Want success? No More Excuses
Success? We all have 86,400 seconds in the day to work with! There is always tomorrow and I am waiting for the right time. There is always an excuse! It will never be the right time if we wait for the right time. NOW is the time! You are Phenomenal NOW! Learning to live outside of your comfort zone you’ll find things that you didn’t know you were capable of! Push through your fear and pain and turn it into motivation that will bring out the best in what you do. Looking at all the people that have tried and… Read more
Aug 29 Being Ridiculous
When you listen to someone with millions of dollars, do you think they sound ridiculous? Do they sound like they are living the life of “Pete’s Dragon”, always thinking that it was an unattainable goal to make millions dollars? The thought that anyone that did make millions personally was ridiculous and wasteful. Do you still think this is ridiculous? Look at these individuals that I am sure you know very well, and if you don’t know them, you know their companies. They started with a Pete’s dragon dream that turned into huge businesses. Amazon: Jeff Bezos founded Amazon in 1994… Read more
Aug 27 The Importance of Systems in your Real Estate Business
Organization is the key to any real estate business. If you don’t believe me, just start your own business and talk to me in 6 weeks and I assure you that you will agree with my assessment. Having systems in place is paramount when running your own business, especially in real estate business. Having systems in place will help your business tremendously and give you a great chance to have long term success. Anybody can fall into a couple of deals, but only those folks that have systems and a consistent way of running their business will be able to… Read more
Aug 24 5 Obstacles that can occur before closing a real estate deal
Closings are usually 30 days from when the purchase/sales agreement is signed. Many things can happen during this time period to delay or complicate matters. The most important piece of advice I could give you is to always keep your cool and stay positive. Remember to always check in with your closing attorney, buyer and/or seller throughout the process. You should never assume that things are fine, and make sure to do your due diligence. Items listed below are the 5 obstacles you may face, most of which are not insurmountable Lien against the property that the motivated seller was… Read more
Aug 17 Basic rules with buying properties
I have a few basic rules with buying properties that I’ve established over the years working at Real Estate Sales LLC. Below you can find the basic rules with buying properties One of them being: If you wouldn’t let your wife and kids move into it without you….DON’T BUY IT! As you never know when you may end up living in it yourself. Long story for another post….lol. As with any rules, there’s times to break them and times to not and these rules aren’t for everyone. If I would have stuck to this rule I wouldn’t have had a… Read more