Monthly Archives: December 2011

Happy New Year To YOU!

As we prepare for the new year, we as investors know 2012 looks bright for us.  The prospect of all the different types of properties available are exciting to say the least.  Using solid real estate comps to decide which to go after is always a wise choice.

One thing we should all keep in mind are the costs of construction materials and labor.  The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies in other parts of the world.  Additionally, the cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices.  Look for a contractor who gives a realistic price as well as time schedule.  

Once you have your property renovated, it’s time to market and sell.  I use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to list properties and build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.

I challenge you in 2012 to keep a watchful eye on your construction costs as well as use social networking/marketing to make your deals happen faster.  Always know InvestorCompsOnline is available to you to assist you each step of the way..

Happy Investing in 2012!!

Making YOUR New Year Bright!

As a real estate investor two of the greatest challenges we face is finding good real estate comps and finding the right network to help us grow our business successfully. With all of the different components we need for a thriving real estate team, I have found the ability to create a large network through social media has become a tremendous asset to my business.

What I have done is use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. 

One of the advantages of using social media is the ability for you to find specific information about targeted groups or individuals. For example, on Twitter I have an account that has several real estate investors in the country. Whenever I sell a property, I make sure that this list gets some extra tweets about the property, so all of my investors on the list have the chance to contact me.

On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.   I have have had the benefit of being able to build on these new found relationships for future deals.

The power of using social media for real estate is tremendous, so take advantage of the trends which are occurring across the nation and join real estate investors who are using social networking to create a better real estate investment environment.

 

2011 Going Out With Higher Costs!

I truly hope that each one of you enjoyed your time with family and friends during Christmas.  I wanted to step away from my typical real estate comps related topic today.  I wanted to share and excerpt from my local newspaper’s business section.  This is article should be interesting to all of us that buy and renovate or rehab properties.  It discusses one of our main expenses, building materials…..

…………When the economy was strong and construction was booming, prices for products such as lumber and drywall rose almost by the day.

After the economy crashed and construction went from a torrent to a trickle, contractors such as Ted Benning said they could count on those prices to routinely drop in line with the slacking demand.

The picture now, though, is starting to get murky.

Though the construction industry isn’t exactly booming, Benning and other Georgia contractors are seeing the cost of building products heading up again, and that could mean dollars won’t go quite as far for everything from public works projects to home renovations.

But indicators at a national level suggest the price increases that some local contractors are seeing could reverse slightly given global economic uncertainty.

“I think that the question of whether [price hikes] stick or not is a question of demand,” Benning said.

Ready-mix concrete and electrical wiring components are among the products suppliers have said could rise 5 percent to 10 percent in the new year, the president of Atlanta-based Benning Construction said.

The Atlanta Journal-Constitution recently reported Cobb County was seeing bids for school construction projects rise unexpectedly, though other metro counties weren’t seeing quite the same phenomenon.

The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies such as Brazil, China and India.

Bill Anderson, president of the Associated Builders and Contractors of Georgia, said his members have indicated they are seeing prices rise, but data from the national level indicate it might be a temporary trend.

Overall, construction prices dipped in November by 0.1 percent but are up 6.2 percent over last year, according to a report by Associated Builders and Contractors, citing government data.

Monthly steel prices have declined, though steel is still up 11.2 percent over November 2010, the report said. Petroleum, which affects the price of transporting commodities, is up 19.3 percent over a year ago.

The economies of Brazil, China and India are slowing, and the dollar is gaining some strength relative to the euro, the report said.

“There has continued to be downward pressure on commodity prices,” Anirban Basu, the chief economist for Associated Builders and Contractors, said in a Dec. 15 report. “This is likely to translate into additional declines in construction materials prices as we approach 2012 and beyond.

“However, the decline in construction materials prices is most welcome and may induce a larger number of projects to move forward than expected,” Basu said.

The cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices. But in some trades or locations, there’s less competition, Benning said, because some contractors who had bid for work at unsustainably low prices are now out of business.

The remaining players can charge higher rates, said Benning, whose firm builds shopping centers, educational facilities and other large projects. The costs of health care and other types of insurance also are rising.

For building material prices to soar, it would require stronger U.S. demand and a ramp-up of activity in emerging markets, said Conor McNally, chief development officer with the Atlanta-based real estate firm Carter. Carter has projects throughout the Southeast and Midwest, including a $600 million mixed-use project in Cincinnati.

McNally said his firm has seen isolated cases of price increases, but construction costs largely have stabilized.

The industry, he said, has seen sudden “blips” in prices as producers of building materials try to rationalize their supplies with wobbly demand.

The industry saw double-digit price inflation from 2003 to 2006 for supplies and labor, McNally said, which corrected with the fallout of the economy.

Bids for projects remain aggressive as there remains a lack of demand.

“We’re technically in recovery,” he said, “but it’s a slow and hard one.”

These are just a few insights that everyone may want to keep in mind as you are planning your rehab projects on your next property.

I wish you the best in investments!

MJ (Mark Jackson)

 

 

Merry Christmas To You!

As we prepare to celebrate the birth of Jesus Christ, many people are making plans to be with family.  I personally am excited about spending quality time with my wife, children, and grand-children.  I want to take a few moments to discuss real estate comps and a few more real estate investing highlights from this week.

REO properties, which are bank owned homes,  have many positive aspects.  The main benefit that comes to mind is buying homes at a discount.  In our depressed market – or a buyer’s market – home prices are usually below the assessed value.  This enables you, the buyer in this case, to use your InvestorCompsOnline access to research and decide on an offer price that helps you make your profit when you buy. 

Another way to make a profit on these foreclosed properties is by flipping.  To flip a property basically means to take the property and make upgrades or repairs before selling.  One of the greatest benefits of flipping houses for profit is the payoff is substantially larger – and the fact that you work on your own terms. However, with those benefits come the important realities such as hiring outside help in order to bring the property you purchased up to standards.  The goal would be to hire contractors at a good rate that still allows you both to profit.  Remember guys, always work with integrity and honesty and you will build a solid reputation.

As I close, I encourage you all to keep focused on projects that you are pursuing.  I hope my advice is helpful and useful in your day to day business deals.  I sincerely pray that each one of you has a blessed holiday with those you love!

MERRY CHRISTMAS!!!

A Christmas Gift – The ABC’s Of Real Estate

When you train with a responsible and competent mentor or coach real estate investment myths are dispelled.  Learning to decipher the truth from a myth can save you a lot of trouble and time.  We already know how important real estate comps are to our end profits.  I also wanted to share a few common myths which will help you during your learning curve:

Real estate investing is for the wealthy:  This is perhaps the biggest myth out there. There are a wide range of deals to negotiate, from $0 down to thousands of dollars down, which means there are deals all sizes available. What you need to do is research with your InvestorCompsOnline account and plan carefully.

Understand this guys,  many deals are done by people who work 9-5 jobs everyday. They may not take as great of a risk as someone wealthy, but there are still enough deals to spread around. Success in real estate investing is in your due diligence.

You need experience:  You may be envious of the people you see on those infomercials making a fortune in the real estate market, and you probably think it could never happen to you. They must have years of experience. But the truth is while those people may have been lucky, odds are they’re just savvy investors. If you learn as much as you can about investing in real estate and plan your next move carefully, you could easily join their ranks.

You need good credit:  Good credit helps, but you don’t need it to make money in real estate. There are so many creative ways to invest in real estate without ever looking at your credit. Again, you must learn your options and do your research.  I would, however, urge you to work on repairing your credit because it allows you even more options and more power when investing in real estate. 

It will not work in your area:  It works in EVERY area. True, it may work differently in some markets than in others, but there are investors making money in every city, every day of the week. You have to learn your market: the rents, the trends, the local customs, the bankers, the title companies, etc.There are many myths which keep very capable people from venturing in the world of real estate investing. Myths can actually cost you thousands of dollars if you do not know the truth. Don’t wait unitl 2012 to get the ball rolling, start this Christmas season and instead start 2012 on a strong footing.  Get help from InvestorCompsOnline‘s educational tools and support system  and learn the real truth as you begin your journey to successful real estate investing.

Monthly Archives: December 2011

Happy New Year To YOU!

As we prepare for the new year, we as investors know 2012 looks bright for us.  The prospect of all the different types of properties available are exciting to say the least.  Using solid real estate comps to decide which to go after is always a wise choice.

One thing we should all keep in mind are the costs of construction materials and labor.  The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies in other parts of the world.  Additionally, the cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices.  Look for a contractor who gives a realistic price as well as time schedule.  

Once you have your property renovated, it’s time to market and sell.  I use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to list properties and build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.

I challenge you in 2012 to keep a watchful eye on your construction costs as well as use social networking/marketing to make your deals happen faster.  Always know InvestorCompsOnline is available to you to assist you each step of the way..

Happy Investing in 2012!!

Making YOUR New Year Bright!

As a real estate investor two of the greatest challenges we face is finding good real estate comps and finding the right network to help us grow our business successfully. With all of the different components we need for a thriving real estate team, I have found the ability to create a large network through social media has become a tremendous asset to my business.

What I have done is use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. 

One of the advantages of using social media is the ability for you to find specific information about targeted groups or individuals. For example, on Twitter I have an account that has several real estate investors in the country. Whenever I sell a property, I make sure that this list gets some extra tweets about the property, so all of my investors on the list have the chance to contact me.

On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.   I have have had the benefit of being able to build on these new found relationships for future deals.

The power of using social media for real estate is tremendous, so take advantage of the trends which are occurring across the nation and join real estate investors who are using social networking to create a better real estate investment environment.

 

2011 Going Out With Higher Costs!

I truly hope that each one of you enjoyed your time with family and friends during Christmas.  I wanted to step away from my typical real estate comps related topic today.  I wanted to share and excerpt from my local newspaper’s business section.  This is article should be interesting to all of us that buy and renovate or rehab properties.  It discusses one of our main expenses, building materials…..

…………When the economy was strong and construction was booming, prices for products such as lumber and drywall rose almost by the day.

After the economy crashed and construction went from a torrent to a trickle, contractors such as Ted Benning said they could count on those prices to routinely drop in line with the slacking demand.

The picture now, though, is starting to get murky.

Though the construction industry isn’t exactly booming, Benning and other Georgia contractors are seeing the cost of building products heading up again, and that could mean dollars won’t go quite as far for everything from public works projects to home renovations.

But indicators at a national level suggest the price increases that some local contractors are seeing could reverse slightly given global economic uncertainty.

“I think that the question of whether [price hikes] stick or not is a question of demand,” Benning said.

Ready-mix concrete and electrical wiring components are among the products suppliers have said could rise 5 percent to 10 percent in the new year, the president of Atlanta-based Benning Construction said.

The Atlanta Journal-Constitution recently reported Cobb County was seeing bids for school construction projects rise unexpectedly, though other metro counties weren’t seeing quite the same phenomenon.

The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies such as Brazil, China and India.

Bill Anderson, president of the Associated Builders and Contractors of Georgia, said his members have indicated they are seeing prices rise, but data from the national level indicate it might be a temporary trend.

Overall, construction prices dipped in November by 0.1 percent but are up 6.2 percent over last year, according to a report by Associated Builders and Contractors, citing government data.

Monthly steel prices have declined, though steel is still up 11.2 percent over November 2010, the report said. Petroleum, which affects the price of transporting commodities, is up 19.3 percent over a year ago.

The economies of Brazil, China and India are slowing, and the dollar is gaining some strength relative to the euro, the report said.

“There has continued to be downward pressure on commodity prices,” Anirban Basu, the chief economist for Associated Builders and Contractors, said in a Dec. 15 report. “This is likely to translate into additional declines in construction materials prices as we approach 2012 and beyond.

“However, the decline in construction materials prices is most welcome and may induce a larger number of projects to move forward than expected,” Basu said.

The cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices. But in some trades or locations, there’s less competition, Benning said, because some contractors who had bid for work at unsustainably low prices are now out of business.

The remaining players can charge higher rates, said Benning, whose firm builds shopping centers, educational facilities and other large projects. The costs of health care and other types of insurance also are rising.

For building material prices to soar, it would require stronger U.S. demand and a ramp-up of activity in emerging markets, said Conor McNally, chief development officer with the Atlanta-based real estate firm Carter. Carter has projects throughout the Southeast and Midwest, including a $600 million mixed-use project in Cincinnati.

McNally said his firm has seen isolated cases of price increases, but construction costs largely have stabilized.

The industry, he said, has seen sudden “blips” in prices as producers of building materials try to rationalize their supplies with wobbly demand.

The industry saw double-digit price inflation from 2003 to 2006 for supplies and labor, McNally said, which corrected with the fallout of the economy.

Bids for projects remain aggressive as there remains a lack of demand.

“We’re technically in recovery,” he said, “but it’s a slow and hard one.”

These are just a few insights that everyone may want to keep in mind as you are planning your rehab projects on your next property.

I wish you the best in investments!

MJ (Mark Jackson)

 

 

Merry Christmas To You!

As we prepare to celebrate the birth of Jesus Christ, many people are making plans to be with family.  I personally am excited about spending quality time with my wife, children, and grand-children.  I want to take a few moments to discuss real estate comps and a few more real estate investing highlights from this week.

REO properties, which are bank owned homes,  have many positive aspects.  The main benefit that comes to mind is buying homes at a discount.  In our depressed market – or a buyer’s market – home prices are usually below the assessed value.  This enables you, the buyer in this case, to use your InvestorCompsOnline access to research and decide on an offer price that helps you make your profit when you buy. 

Another way to make a profit on these foreclosed properties is by flipping.  To flip a property basically means to take the property and make upgrades or repairs before selling.  One of the greatest benefits of flipping houses for profit is the payoff is substantially larger – and the fact that you work on your own terms. However, with those benefits come the important realities such as hiring outside help in order to bring the property you purchased up to standards.  The goal would be to hire contractors at a good rate that still allows you both to profit.  Remember guys, always work with integrity and honesty and you will build a solid reputation.

As I close, I encourage you all to keep focused on projects that you are pursuing.  I hope my advice is helpful and useful in your day to day business deals.  I sincerely pray that each one of you has a blessed holiday with those you love!

MERRY CHRISTMAS!!!

A Christmas Gift – The ABC’s Of Real Estate

When you train with a responsible and competent mentor or coach real estate investment myths are dispelled.  Learning to decipher the truth from a myth can save you a lot of trouble and time.  We already know how important real estate comps are to our end profits.  I also wanted to share a few common myths which will help you during your learning curve:

Real estate investing is for the wealthy:  This is perhaps the biggest myth out there. There are a wide range of deals to negotiate, from $0 down to thousands of dollars down, which means there are deals all sizes available. What you need to do is research with your InvestorCompsOnline account and plan carefully.

Understand this guys,  many deals are done by people who work 9-5 jobs everyday. They may not take as great of a risk as someone wealthy, but there are still enough deals to spread around. Success in real estate investing is in your due diligence.

You need experience:  You may be envious of the people you see on those infomercials making a fortune in the real estate market, and you probably think it could never happen to you. They must have years of experience. But the truth is while those people may have been lucky, odds are they’re just savvy investors. If you learn as much as you can about investing in real estate and plan your next move carefully, you could easily join their ranks.

You need good credit:  Good credit helps, but you don’t need it to make money in real estate. There are so many creative ways to invest in real estate without ever looking at your credit. Again, you must learn your options and do your research.  I would, however, urge you to work on repairing your credit because it allows you even more options and more power when investing in real estate. 

It will not work in your area:  It works in EVERY area. True, it may work differently in some markets than in others, but there are investors making money in every city, every day of the week. You have to learn your market: the rents, the trends, the local customs, the bankers, the title companies, etc.There are many myths which keep very capable people from venturing in the world of real estate investing. Myths can actually cost you thousands of dollars if you do not know the truth. Don’t wait unitl 2012 to get the ball rolling, start this Christmas season and instead start 2012 on a strong footing.  Get help from InvestorCompsOnline‘s educational tools and support system  and learn the real truth as you begin your journey to successful real estate investing.

Monthly Archives: December 2011

Happy New Year To YOU!

As we prepare for the new year, we as investors know 2012 looks bright for us.  The prospect of all the different types of properties available are exciting to say the least.  Using solid real estate comps to decide which to go after is always a wise choice.

One thing we should all keep in mind are the costs of construction materials and labor.  The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies in other parts of the world.  Additionally, the cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices.  Look for a contractor who gives a realistic price as well as time schedule.  

Once you have your property renovated, it’s time to market and sell.  I use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to list properties and build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.

I challenge you in 2012 to keep a watchful eye on your construction costs as well as use social networking/marketing to make your deals happen faster.  Always know InvestorCompsOnline is available to you to assist you each step of the way..

Happy Investing in 2012!!

Making YOUR New Year Bright!

As a real estate investor two of the greatest challenges we face is finding good real estate comps and finding the right network to help us grow our business successfully. With all of the different components we need for a thriving real estate team, I have found the ability to create a large network through social media has become a tremendous asset to my business.

What I have done is use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. 

One of the advantages of using social media is the ability for you to find specific information about targeted groups or individuals. For example, on Twitter I have an account that has several real estate investors in the country. Whenever I sell a property, I make sure that this list gets some extra tweets about the property, so all of my investors on the list have the chance to contact me.

On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.   I have have had the benefit of being able to build on these new found relationships for future deals.

The power of using social media for real estate is tremendous, so take advantage of the trends which are occurring across the nation and join real estate investors who are using social networking to create a better real estate investment environment.

 

2011 Going Out With Higher Costs!

I truly hope that each one of you enjoyed your time with family and friends during Christmas.  I wanted to step away from my typical real estate comps related topic today.  I wanted to share and excerpt from my local newspaper’s business section.  This is article should be interesting to all of us that buy and renovate or rehab properties.  It discusses one of our main expenses, building materials…..

…………When the economy was strong and construction was booming, prices for products such as lumber and drywall rose almost by the day.

After the economy crashed and construction went from a torrent to a trickle, contractors such as Ted Benning said they could count on those prices to routinely drop in line with the slacking demand.

The picture now, though, is starting to get murky.

Though the construction industry isn’t exactly booming, Benning and other Georgia contractors are seeing the cost of building products heading up again, and that could mean dollars won’t go quite as far for everything from public works projects to home renovations.

But indicators at a national level suggest the price increases that some local contractors are seeing could reverse slightly given global economic uncertainty.

“I think that the question of whether [price hikes] stick or not is a question of demand,” Benning said.

Ready-mix concrete and electrical wiring components are among the products suppliers have said could rise 5 percent to 10 percent in the new year, the president of Atlanta-based Benning Construction said.

The Atlanta Journal-Constitution recently reported Cobb County was seeing bids for school construction projects rise unexpectedly, though other metro counties weren’t seeing quite the same phenomenon.

The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies such as Brazil, China and India.

Bill Anderson, president of the Associated Builders and Contractors of Georgia, said his members have indicated they are seeing prices rise, but data from the national level indicate it might be a temporary trend.

Overall, construction prices dipped in November by 0.1 percent but are up 6.2 percent over last year, according to a report by Associated Builders and Contractors, citing government data.

Monthly steel prices have declined, though steel is still up 11.2 percent over November 2010, the report said. Petroleum, which affects the price of transporting commodities, is up 19.3 percent over a year ago.

The economies of Brazil, China and India are slowing, and the dollar is gaining some strength relative to the euro, the report said.

“There has continued to be downward pressure on commodity prices,” Anirban Basu, the chief economist for Associated Builders and Contractors, said in a Dec. 15 report. “This is likely to translate into additional declines in construction materials prices as we approach 2012 and beyond.

“However, the decline in construction materials prices is most welcome and may induce a larger number of projects to move forward than expected,” Basu said.

The cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices. But in some trades or locations, there’s less competition, Benning said, because some contractors who had bid for work at unsustainably low prices are now out of business.

The remaining players can charge higher rates, said Benning, whose firm builds shopping centers, educational facilities and other large projects. The costs of health care and other types of insurance also are rising.

For building material prices to soar, it would require stronger U.S. demand and a ramp-up of activity in emerging markets, said Conor McNally, chief development officer with the Atlanta-based real estate firm Carter. Carter has projects throughout the Southeast and Midwest, including a $600 million mixed-use project in Cincinnati.

McNally said his firm has seen isolated cases of price increases, but construction costs largely have stabilized.

The industry, he said, has seen sudden “blips” in prices as producers of building materials try to rationalize their supplies with wobbly demand.

The industry saw double-digit price inflation from 2003 to 2006 for supplies and labor, McNally said, which corrected with the fallout of the economy.

Bids for projects remain aggressive as there remains a lack of demand.

“We’re technically in recovery,” he said, “but it’s a slow and hard one.”

These are just a few insights that everyone may want to keep in mind as you are planning your rehab projects on your next property.

I wish you the best in investments!

MJ (Mark Jackson)

 

 

Merry Christmas To You!

As we prepare to celebrate the birth of Jesus Christ, many people are making plans to be with family.  I personally am excited about spending quality time with my wife, children, and grand-children.  I want to take a few moments to discuss real estate comps and a few more real estate investing highlights from this week.

REO properties, which are bank owned homes,  have many positive aspects.  The main benefit that comes to mind is buying homes at a discount.  In our depressed market – or a buyer’s market – home prices are usually below the assessed value.  This enables you, the buyer in this case, to use your InvestorCompsOnline access to research and decide on an offer price that helps you make your profit when you buy. 

Another way to make a profit on these foreclosed properties is by flipping.  To flip a property basically means to take the property and make upgrades or repairs before selling.  One of the greatest benefits of flipping houses for profit is the payoff is substantially larger – and the fact that you work on your own terms. However, with those benefits come the important realities such as hiring outside help in order to bring the property you purchased up to standards.  The goal would be to hire contractors at a good rate that still allows you both to profit.  Remember guys, always work with integrity and honesty and you will build a solid reputation.

As I close, I encourage you all to keep focused on projects that you are pursuing.  I hope my advice is helpful and useful in your day to day business deals.  I sincerely pray that each one of you has a blessed holiday with those you love!

MERRY CHRISTMAS!!!

A Christmas Gift – The ABC’s Of Real Estate

When you train with a responsible and competent mentor or coach real estate investment myths are dispelled.  Learning to decipher the truth from a myth can save you a lot of trouble and time.  We already know how important real estate comps are to our end profits.  I also wanted to share a few common myths which will help you during your learning curve:

Real estate investing is for the wealthy:  This is perhaps the biggest myth out there. There are a wide range of deals to negotiate, from $0 down to thousands of dollars down, which means there are deals all sizes available. What you need to do is research with your InvestorCompsOnline account and plan carefully.

Understand this guys,  many deals are done by people who work 9-5 jobs everyday. They may not take as great of a risk as someone wealthy, but there are still enough deals to spread around. Success in real estate investing is in your due diligence.

You need experience:  You may be envious of the people you see on those infomercials making a fortune in the real estate market, and you probably think it could never happen to you. They must have years of experience. But the truth is while those people may have been lucky, odds are they’re just savvy investors. If you learn as much as you can about investing in real estate and plan your next move carefully, you could easily join their ranks.

You need good credit:  Good credit helps, but you don’t need it to make money in real estate. There are so many creative ways to invest in real estate without ever looking at your credit. Again, you must learn your options and do your research.  I would, however, urge you to work on repairing your credit because it allows you even more options and more power when investing in real estate. 

It will not work in your area:  It works in EVERY area. True, it may work differently in some markets than in others, but there are investors making money in every city, every day of the week. You have to learn your market: the rents, the trends, the local customs, the bankers, the title companies, etc.There are many myths which keep very capable people from venturing in the world of real estate investing. Myths can actually cost you thousands of dollars if you do not know the truth. Don’t wait unitl 2012 to get the ball rolling, start this Christmas season and instead start 2012 on a strong footing.  Get help from InvestorCompsOnline‘s educational tools and support system  and learn the real truth as you begin your journey to successful real estate investing.

Monthly Archives: December 2011

Happy New Year To YOU!

As we prepare for the new year, we as investors know 2012 looks bright for us.  The prospect of all the different types of properties available are exciting to say the least.  Using solid real estate comps to decide which to go after is always a wise choice.

One thing we should all keep in mind are the costs of construction materials and labor.  The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies in other parts of the world.  Additionally, the cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices.  Look for a contractor who gives a realistic price as well as time schedule.  

Once you have your property renovated, it’s time to market and sell.  I use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to list properties and build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.

I challenge you in 2012 to keep a watchful eye on your construction costs as well as use social networking/marketing to make your deals happen faster.  Always know InvestorCompsOnline is available to you to assist you each step of the way..

Happy Investing in 2012!!

Making YOUR New Year Bright!

As a real estate investor two of the greatest challenges we face is finding good real estate comps and finding the right network to help us grow our business successfully. With all of the different components we need for a thriving real estate team, I have found the ability to create a large network through social media has become a tremendous asset to my business.

What I have done is use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. 

One of the advantages of using social media is the ability for you to find specific information about targeted groups or individuals. For example, on Twitter I have an account that has several real estate investors in the country. Whenever I sell a property, I make sure that this list gets some extra tweets about the property, so all of my investors on the list have the chance to contact me.

On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.   I have have had the benefit of being able to build on these new found relationships for future deals.

The power of using social media for real estate is tremendous, so take advantage of the trends which are occurring across the nation and join real estate investors who are using social networking to create a better real estate investment environment.

 

2011 Going Out With Higher Costs!

I truly hope that each one of you enjoyed your time with family and friends during Christmas.  I wanted to step away from my typical real estate comps related topic today.  I wanted to share and excerpt from my local newspaper’s business section.  This is article should be interesting to all of us that buy and renovate or rehab properties.  It discusses one of our main expenses, building materials…..

…………When the economy was strong and construction was booming, prices for products such as lumber and drywall rose almost by the day.

After the economy crashed and construction went from a torrent to a trickle, contractors such as Ted Benning said they could count on those prices to routinely drop in line with the slacking demand.

The picture now, though, is starting to get murky.

Though the construction industry isn’t exactly booming, Benning and other Georgia contractors are seeing the cost of building products heading up again, and that could mean dollars won’t go quite as far for everything from public works projects to home renovations.

But indicators at a national level suggest the price increases that some local contractors are seeing could reverse slightly given global economic uncertainty.

“I think that the question of whether [price hikes] stick or not is a question of demand,” Benning said.

Ready-mix concrete and electrical wiring components are among the products suppliers have said could rise 5 percent to 10 percent in the new year, the president of Atlanta-based Benning Construction said.

The Atlanta Journal-Constitution recently reported Cobb County was seeing bids for school construction projects rise unexpectedly, though other metro counties weren’t seeing quite the same phenomenon.

The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies such as Brazil, China and India.

Bill Anderson, president of the Associated Builders and Contractors of Georgia, said his members have indicated they are seeing prices rise, but data from the national level indicate it might be a temporary trend.

Overall, construction prices dipped in November by 0.1 percent but are up 6.2 percent over last year, according to a report by Associated Builders and Contractors, citing government data.

Monthly steel prices have declined, though steel is still up 11.2 percent over November 2010, the report said. Petroleum, which affects the price of transporting commodities, is up 19.3 percent over a year ago.

The economies of Brazil, China and India are slowing, and the dollar is gaining some strength relative to the euro, the report said.

“There has continued to be downward pressure on commodity prices,” Anirban Basu, the chief economist for Associated Builders and Contractors, said in a Dec. 15 report. “This is likely to translate into additional declines in construction materials prices as we approach 2012 and beyond.

“However, the decline in construction materials prices is most welcome and may induce a larger number of projects to move forward than expected,” Basu said.

The cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices. But in some trades or locations, there’s less competition, Benning said, because some contractors who had bid for work at unsustainably low prices are now out of business.

The remaining players can charge higher rates, said Benning, whose firm builds shopping centers, educational facilities and other large projects. The costs of health care and other types of insurance also are rising.

For building material prices to soar, it would require stronger U.S. demand and a ramp-up of activity in emerging markets, said Conor McNally, chief development officer with the Atlanta-based real estate firm Carter. Carter has projects throughout the Southeast and Midwest, including a $600 million mixed-use project in Cincinnati.

McNally said his firm has seen isolated cases of price increases, but construction costs largely have stabilized.

The industry, he said, has seen sudden “blips” in prices as producers of building materials try to rationalize their supplies with wobbly demand.

The industry saw double-digit price inflation from 2003 to 2006 for supplies and labor, McNally said, which corrected with the fallout of the economy.

Bids for projects remain aggressive as there remains a lack of demand.

“We’re technically in recovery,” he said, “but it’s a slow and hard one.”

These are just a few insights that everyone may want to keep in mind as you are planning your rehab projects on your next property.

I wish you the best in investments!

MJ (Mark Jackson)

 

 

Merry Christmas To You!

As we prepare to celebrate the birth of Jesus Christ, many people are making plans to be with family.  I personally am excited about spending quality time with my wife, children, and grand-children.  I want to take a few moments to discuss real estate comps and a few more real estate investing highlights from this week.

REO properties, which are bank owned homes,  have many positive aspects.  The main benefit that comes to mind is buying homes at a discount.  In our depressed market – or a buyer’s market – home prices are usually below the assessed value.  This enables you, the buyer in this case, to use your InvestorCompsOnline access to research and decide on an offer price that helps you make your profit when you buy. 

Another way to make a profit on these foreclosed properties is by flipping.  To flip a property basically means to take the property and make upgrades or repairs before selling.  One of the greatest benefits of flipping houses for profit is the payoff is substantially larger – and the fact that you work on your own terms. However, with those benefits come the important realities such as hiring outside help in order to bring the property you purchased up to standards.  The goal would be to hire contractors at a good rate that still allows you both to profit.  Remember guys, always work with integrity and honesty and you will build a solid reputation.

As I close, I encourage you all to keep focused on projects that you are pursuing.  I hope my advice is helpful and useful in your day to day business deals.  I sincerely pray that each one of you has a blessed holiday with those you love!

MERRY CHRISTMAS!!!

A Christmas Gift – The ABC’s Of Real Estate

When you train with a responsible and competent mentor or coach real estate investment myths are dispelled.  Learning to decipher the truth from a myth can save you a lot of trouble and time.  We already know how important real estate comps are to our end profits.  I also wanted to share a few common myths which will help you during your learning curve:

Real estate investing is for the wealthy:  This is perhaps the biggest myth out there. There are a wide range of deals to negotiate, from $0 down to thousands of dollars down, which means there are deals all sizes available. What you need to do is research with your InvestorCompsOnline account and plan carefully.

Understand this guys,  many deals are done by people who work 9-5 jobs everyday. They may not take as great of a risk as someone wealthy, but there are still enough deals to spread around. Success in real estate investing is in your due diligence.

You need experience:  You may be envious of the people you see on those infomercials making a fortune in the real estate market, and you probably think it could never happen to you. They must have years of experience. But the truth is while those people may have been lucky, odds are they’re just savvy investors. If you learn as much as you can about investing in real estate and plan your next move carefully, you could easily join their ranks.

You need good credit:  Good credit helps, but you don’t need it to make money in real estate. There are so many creative ways to invest in real estate without ever looking at your credit. Again, you must learn your options and do your research.  I would, however, urge you to work on repairing your credit because it allows you even more options and more power when investing in real estate. 

It will not work in your area:  It works in EVERY area. True, it may work differently in some markets than in others, but there are investors making money in every city, every day of the week. You have to learn your market: the rents, the trends, the local customs, the bankers, the title companies, etc.There are many myths which keep very capable people from venturing in the world of real estate investing. Myths can actually cost you thousands of dollars if you do not know the truth. Don’t wait unitl 2012 to get the ball rolling, start this Christmas season and instead start 2012 on a strong footing.  Get help from InvestorCompsOnline‘s educational tools and support system  and learn the real truth as you begin your journey to successful real estate investing.

Monthly Archives: December 2011

Happy New Year To YOU!

As we prepare for the new year, we as investors know 2012 looks bright for us.  The prospect of all the different types of properties available are exciting to say the least.  Using solid real estate comps to decide which to go after is always a wise choice.

One thing we should all keep in mind are the costs of construction materials and labor.  The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies in other parts of the world.  Additionally, the cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices.  Look for a contractor who gives a realistic price as well as time schedule.  

Once you have your property renovated, it’s time to market and sell.  I use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to list properties and build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.

I challenge you in 2012 to keep a watchful eye on your construction costs as well as use social networking/marketing to make your deals happen faster.  Always know InvestorCompsOnline is available to you to assist you each step of the way..

Happy Investing in 2012!!

Making YOUR New Year Bright!

As a real estate investor two of the greatest challenges we face is finding good real estate comps and finding the right network to help us grow our business successfully. With all of the different components we need for a thriving real estate team, I have found the ability to create a large network through social media has become a tremendous asset to my business.

What I have done is use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. 

One of the advantages of using social media is the ability for you to find specific information about targeted groups or individuals. For example, on Twitter I have an account that has several real estate investors in the country. Whenever I sell a property, I make sure that this list gets some extra tweets about the property, so all of my investors on the list have the chance to contact me.

On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.   I have have had the benefit of being able to build on these new found relationships for future deals.

The power of using social media for real estate is tremendous, so take advantage of the trends which are occurring across the nation and join real estate investors who are using social networking to create a better real estate investment environment.

 

2011 Going Out With Higher Costs!

I truly hope that each one of you enjoyed your time with family and friends during Christmas.  I wanted to step away from my typical real estate comps related topic today.  I wanted to share and excerpt from my local newspaper’s business section.  This is article should be interesting to all of us that buy and renovate or rehab properties.  It discusses one of our main expenses, building materials…..

…………When the economy was strong and construction was booming, prices for products such as lumber and drywall rose almost by the day.

After the economy crashed and construction went from a torrent to a trickle, contractors such as Ted Benning said they could count on those prices to routinely drop in line with the slacking demand.

The picture now, though, is starting to get murky.

Though the construction industry isn’t exactly booming, Benning and other Georgia contractors are seeing the cost of building products heading up again, and that could mean dollars won’t go quite as far for everything from public works projects to home renovations.

But indicators at a national level suggest the price increases that some local contractors are seeing could reverse slightly given global economic uncertainty.

“I think that the question of whether [price hikes] stick or not is a question of demand,” Benning said.

Ready-mix concrete and electrical wiring components are among the products suppliers have said could rise 5 percent to 10 percent in the new year, the president of Atlanta-based Benning Construction said.

The Atlanta Journal-Constitution recently reported Cobb County was seeing bids for school construction projects rise unexpectedly, though other metro counties weren’t seeing quite the same phenomenon.

The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies such as Brazil, China and India.

Bill Anderson, president of the Associated Builders and Contractors of Georgia, said his members have indicated they are seeing prices rise, but data from the national level indicate it might be a temporary trend.

Overall, construction prices dipped in November by 0.1 percent but are up 6.2 percent over last year, according to a report by Associated Builders and Contractors, citing government data.

Monthly steel prices have declined, though steel is still up 11.2 percent over November 2010, the report said. Petroleum, which affects the price of transporting commodities, is up 19.3 percent over a year ago.

The economies of Brazil, China and India are slowing, and the dollar is gaining some strength relative to the euro, the report said.

“There has continued to be downward pressure on commodity prices,” Anirban Basu, the chief economist for Associated Builders and Contractors, said in a Dec. 15 report. “This is likely to translate into additional declines in construction materials prices as we approach 2012 and beyond.

“However, the decline in construction materials prices is most welcome and may induce a larger number of projects to move forward than expected,” Basu said.

The cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices. But in some trades or locations, there’s less competition, Benning said, because some contractors who had bid for work at unsustainably low prices are now out of business.

The remaining players can charge higher rates, said Benning, whose firm builds shopping centers, educational facilities and other large projects. The costs of health care and other types of insurance also are rising.

For building material prices to soar, it would require stronger U.S. demand and a ramp-up of activity in emerging markets, said Conor McNally, chief development officer with the Atlanta-based real estate firm Carter. Carter has projects throughout the Southeast and Midwest, including a $600 million mixed-use project in Cincinnati.

McNally said his firm has seen isolated cases of price increases, but construction costs largely have stabilized.

The industry, he said, has seen sudden “blips” in prices as producers of building materials try to rationalize their supplies with wobbly demand.

The industry saw double-digit price inflation from 2003 to 2006 for supplies and labor, McNally said, which corrected with the fallout of the economy.

Bids for projects remain aggressive as there remains a lack of demand.

“We’re technically in recovery,” he said, “but it’s a slow and hard one.”

These are just a few insights that everyone may want to keep in mind as you are planning your rehab projects on your next property.

I wish you the best in investments!

MJ (Mark Jackson)

 

 

Merry Christmas To You!

As we prepare to celebrate the birth of Jesus Christ, many people are making plans to be with family.  I personally am excited about spending quality time with my wife, children, and grand-children.  I want to take a few moments to discuss real estate comps and a few more real estate investing highlights from this week.

REO properties, which are bank owned homes,  have many positive aspects.  The main benefit that comes to mind is buying homes at a discount.  In our depressed market – or a buyer’s market – home prices are usually below the assessed value.  This enables you, the buyer in this case, to use your InvestorCompsOnline access to research and decide on an offer price that helps you make your profit when you buy. 

Another way to make a profit on these foreclosed properties is by flipping.  To flip a property basically means to take the property and make upgrades or repairs before selling.  One of the greatest benefits of flipping houses for profit is the payoff is substantially larger – and the fact that you work on your own terms. However, with those benefits come the important realities such as hiring outside help in order to bring the property you purchased up to standards.  The goal would be to hire contractors at a good rate that still allows you both to profit.  Remember guys, always work with integrity and honesty and you will build a solid reputation.

As I close, I encourage you all to keep focused on projects that you are pursuing.  I hope my advice is helpful and useful in your day to day business deals.  I sincerely pray that each one of you has a blessed holiday with those you love!

MERRY CHRISTMAS!!!

A Christmas Gift – The ABC’s Of Real Estate

When you train with a responsible and competent mentor or coach real estate investment myths are dispelled.  Learning to decipher the truth from a myth can save you a lot of trouble and time.  We already know how important real estate comps are to our end profits.  I also wanted to share a few common myths which will help you during your learning curve:

Real estate investing is for the wealthy:  This is perhaps the biggest myth out there. There are a wide range of deals to negotiate, from $0 down to thousands of dollars down, which means there are deals all sizes available. What you need to do is research with your InvestorCompsOnline account and plan carefully.

Understand this guys,  many deals are done by people who work 9-5 jobs everyday. They may not take as great of a risk as someone wealthy, but there are still enough deals to spread around. Success in real estate investing is in your due diligence.

You need experience:  You may be envious of the people you see on those infomercials making a fortune in the real estate market, and you probably think it could never happen to you. They must have years of experience. But the truth is while those people may have been lucky, odds are they’re just savvy investors. If you learn as much as you can about investing in real estate and plan your next move carefully, you could easily join their ranks.

You need good credit:  Good credit helps, but you don’t need it to make money in real estate. There are so many creative ways to invest in real estate without ever looking at your credit. Again, you must learn your options and do your research.  I would, however, urge you to work on repairing your credit because it allows you even more options and more power when investing in real estate. 

It will not work in your area:  It works in EVERY area. True, it may work differently in some markets than in others, but there are investors making money in every city, every day of the week. You have to learn your market: the rents, the trends, the local customs, the bankers, the title companies, etc.There are many myths which keep very capable people from venturing in the world of real estate investing. Myths can actually cost you thousands of dollars if you do not know the truth. Don’t wait unitl 2012 to get the ball rolling, start this Christmas season and instead start 2012 on a strong footing.  Get help from InvestorCompsOnline‘s educational tools and support system  and learn the real truth as you begin your journey to successful real estate investing.

Monthly Archives: December 2011

Happy New Year To YOU!

As we prepare for the new year, we as investors know 2012 looks bright for us.  The prospect of all the different types of properties available are exciting to say the least.  Using solid real estate comps to decide which to go after is always a wise choice.

One thing we should all keep in mind are the costs of construction materials and labor.  The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies in other parts of the world.  Additionally, the cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices.  Look for a contractor who gives a realistic price as well as time schedule.  

Once you have your property renovated, it’s time to market and sell.  I use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to list properties and build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.

I challenge you in 2012 to keep a watchful eye on your construction costs as well as use social networking/marketing to make your deals happen faster.  Always know InvestorCompsOnline is available to you to assist you each step of the way..

Happy Investing in 2012!!

Making YOUR New Year Bright!

As a real estate investor two of the greatest challenges we face is finding good real estate comps and finding the right network to help us grow our business successfully. With all of the different components we need for a thriving real estate team, I have found the ability to create a large network through social media has become a tremendous asset to my business.

What I have done is use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. 

One of the advantages of using social media is the ability for you to find specific information about targeted groups or individuals. For example, on Twitter I have an account that has several real estate investors in the country. Whenever I sell a property, I make sure that this list gets some extra tweets about the property, so all of my investors on the list have the chance to contact me.

On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.   I have have had the benefit of being able to build on these new found relationships for future deals.

The power of using social media for real estate is tremendous, so take advantage of the trends which are occurring across the nation and join real estate investors who are using social networking to create a better real estate investment environment.

 

2011 Going Out With Higher Costs!

I truly hope that each one of you enjoyed your time with family and friends during Christmas.  I wanted to step away from my typical real estate comps related topic today.  I wanted to share and excerpt from my local newspaper’s business section.  This is article should be interesting to all of us that buy and renovate or rehab properties.  It discusses one of our main expenses, building materials…..

…………When the economy was strong and construction was booming, prices for products such as lumber and drywall rose almost by the day.

After the economy crashed and construction went from a torrent to a trickle, contractors such as Ted Benning said they could count on those prices to routinely drop in line with the slacking demand.

The picture now, though, is starting to get murky.

Though the construction industry isn’t exactly booming, Benning and other Georgia contractors are seeing the cost of building products heading up again, and that could mean dollars won’t go quite as far for everything from public works projects to home renovations.

But indicators at a national level suggest the price increases that some local contractors are seeing could reverse slightly given global economic uncertainty.

“I think that the question of whether [price hikes] stick or not is a question of demand,” Benning said.

Ready-mix concrete and electrical wiring components are among the products suppliers have said could rise 5 percent to 10 percent in the new year, the president of Atlanta-based Benning Construction said.

The Atlanta Journal-Constitution recently reported Cobb County was seeing bids for school construction projects rise unexpectedly, though other metro counties weren’t seeing quite the same phenomenon.

The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies such as Brazil, China and India.

Bill Anderson, president of the Associated Builders and Contractors of Georgia, said his members have indicated they are seeing prices rise, but data from the national level indicate it might be a temporary trend.

Overall, construction prices dipped in November by 0.1 percent but are up 6.2 percent over last year, according to a report by Associated Builders and Contractors, citing government data.

Monthly steel prices have declined, though steel is still up 11.2 percent over November 2010, the report said. Petroleum, which affects the price of transporting commodities, is up 19.3 percent over a year ago.

The economies of Brazil, China and India are slowing, and the dollar is gaining some strength relative to the euro, the report said.

“There has continued to be downward pressure on commodity prices,” Anirban Basu, the chief economist for Associated Builders and Contractors, said in a Dec. 15 report. “This is likely to translate into additional declines in construction materials prices as we approach 2012 and beyond.

“However, the decline in construction materials prices is most welcome and may induce a larger number of projects to move forward than expected,” Basu said.

The cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices. But in some trades or locations, there’s less competition, Benning said, because some contractors who had bid for work at unsustainably low prices are now out of business.

The remaining players can charge higher rates, said Benning, whose firm builds shopping centers, educational facilities and other large projects. The costs of health care and other types of insurance also are rising.

For building material prices to soar, it would require stronger U.S. demand and a ramp-up of activity in emerging markets, said Conor McNally, chief development officer with the Atlanta-based real estate firm Carter. Carter has projects throughout the Southeast and Midwest, including a $600 million mixed-use project in Cincinnati.

McNally said his firm has seen isolated cases of price increases, but construction costs largely have stabilized.

The industry, he said, has seen sudden “blips” in prices as producers of building materials try to rationalize their supplies with wobbly demand.

The industry saw double-digit price inflation from 2003 to 2006 for supplies and labor, McNally said, which corrected with the fallout of the economy.

Bids for projects remain aggressive as there remains a lack of demand.

“We’re technically in recovery,” he said, “but it’s a slow and hard one.”

These are just a few insights that everyone may want to keep in mind as you are planning your rehab projects on your next property.

I wish you the best in investments!

MJ (Mark Jackson)

 

 

Merry Christmas To You!

As we prepare to celebrate the birth of Jesus Christ, many people are making plans to be with family.  I personally am excited about spending quality time with my wife, children, and grand-children.  I want to take a few moments to discuss real estate comps and a few more real estate investing highlights from this week.

REO properties, which are bank owned homes,  have many positive aspects.  The main benefit that comes to mind is buying homes at a discount.  In our depressed market – or a buyer’s market – home prices are usually below the assessed value.  This enables you, the buyer in this case, to use your InvestorCompsOnline access to research and decide on an offer price that helps you make your profit when you buy. 

Another way to make a profit on these foreclosed properties is by flipping.  To flip a property basically means to take the property and make upgrades or repairs before selling.  One of the greatest benefits of flipping houses for profit is the payoff is substantially larger – and the fact that you work on your own terms. However, with those benefits come the important realities such as hiring outside help in order to bring the property you purchased up to standards.  The goal would be to hire contractors at a good rate that still allows you both to profit.  Remember guys, always work with integrity and honesty and you will build a solid reputation.

As I close, I encourage you all to keep focused on projects that you are pursuing.  I hope my advice is helpful and useful in your day to day business deals.  I sincerely pray that each one of you has a blessed holiday with those you love!

MERRY CHRISTMAS!!!

A Christmas Gift – The ABC’s Of Real Estate

When you train with a responsible and competent mentor or coach real estate investment myths are dispelled.  Learning to decipher the truth from a myth can save you a lot of trouble and time.  We already know how important real estate comps are to our end profits.  I also wanted to share a few common myths which will help you during your learning curve:

Real estate investing is for the wealthy:  This is perhaps the biggest myth out there. There are a wide range of deals to negotiate, from $0 down to thousands of dollars down, which means there are deals all sizes available. What you need to do is research with your InvestorCompsOnline account and plan carefully.

Understand this guys,  many deals are done by people who work 9-5 jobs everyday. They may not take as great of a risk as someone wealthy, but there are still enough deals to spread around. Success in real estate investing is in your due diligence.

You need experience:  You may be envious of the people you see on those infomercials making a fortune in the real estate market, and you probably think it could never happen to you. They must have years of experience. But the truth is while those people may have been lucky, odds are they’re just savvy investors. If you learn as much as you can about investing in real estate and plan your next move carefully, you could easily join their ranks.

You need good credit:  Good credit helps, but you don’t need it to make money in real estate. There are so many creative ways to invest in real estate without ever looking at your credit. Again, you must learn your options and do your research.  I would, however, urge you to work on repairing your credit because it allows you even more options and more power when investing in real estate. 

It will not work in your area:  It works in EVERY area. True, it may work differently in some markets than in others, but there are investors making money in every city, every day of the week. You have to learn your market: the rents, the trends, the local customs, the bankers, the title companies, etc.There are many myths which keep very capable people from venturing in the world of real estate investing. Myths can actually cost you thousands of dollars if you do not know the truth. Don’t wait unitl 2012 to get the ball rolling, start this Christmas season and instead start 2012 on a strong footing.  Get help from InvestorCompsOnline‘s educational tools and support system  and learn the real truth as you begin your journey to successful real estate investing.

Monthly Archives: December 2011

Happy New Year To YOU!

As we prepare for the new year, we as investors know 2012 looks bright for us.  The prospect of all the different types of properties available are exciting to say the least.  Using solid real estate comps to decide which to go after is always a wise choice.

One thing we should all keep in mind are the costs of construction materials and labor.  The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies in other parts of the world.  Additionally, the cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices.  Look for a contractor who gives a realistic price as well as time schedule.  

Once you have your property renovated, it’s time to market and sell.  I use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to list properties and build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.

I challenge you in 2012 to keep a watchful eye on your construction costs as well as use social networking/marketing to make your deals happen faster.  Always know InvestorCompsOnline is available to you to assist you each step of the way..

Happy Investing in 2012!!

Making YOUR New Year Bright!

As a real estate investor two of the greatest challenges we face is finding good real estate comps and finding the right network to help us grow our business successfully. With all of the different components we need for a thriving real estate team, I have found the ability to create a large network through social media has become a tremendous asset to my business.

What I have done is use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. 

One of the advantages of using social media is the ability for you to find specific information about targeted groups or individuals. For example, on Twitter I have an account that has several real estate investors in the country. Whenever I sell a property, I make sure that this list gets some extra tweets about the property, so all of my investors on the list have the chance to contact me.

On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.   I have have had the benefit of being able to build on these new found relationships for future deals.

The power of using social media for real estate is tremendous, so take advantage of the trends which are occurring across the nation and join real estate investors who are using social networking to create a better real estate investment environment.

 

2011 Going Out With Higher Costs!

I truly hope that each one of you enjoyed your time with family and friends during Christmas.  I wanted to step away from my typical real estate comps related topic today.  I wanted to share and excerpt from my local newspaper’s business section.  This is article should be interesting to all of us that buy and renovate or rehab properties.  It discusses one of our main expenses, building materials…..

…………When the economy was strong and construction was booming, prices for products such as lumber and drywall rose almost by the day.

After the economy crashed and construction went from a torrent to a trickle, contractors such as Ted Benning said they could count on those prices to routinely drop in line with the slacking demand.

The picture now, though, is starting to get murky.

Though the construction industry isn’t exactly booming, Benning and other Georgia contractors are seeing the cost of building products heading up again, and that could mean dollars won’t go quite as far for everything from public works projects to home renovations.

But indicators at a national level suggest the price increases that some local contractors are seeing could reverse slightly given global economic uncertainty.

“I think that the question of whether [price hikes] stick or not is a question of demand,” Benning said.

Ready-mix concrete and electrical wiring components are among the products suppliers have said could rise 5 percent to 10 percent in the new year, the president of Atlanta-based Benning Construction said.

The Atlanta Journal-Constitution recently reported Cobb County was seeing bids for school construction projects rise unexpectedly, though other metro counties weren’t seeing quite the same phenomenon.

The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies such as Brazil, China and India.

Bill Anderson, president of the Associated Builders and Contractors of Georgia, said his members have indicated they are seeing prices rise, but data from the national level indicate it might be a temporary trend.

Overall, construction prices dipped in November by 0.1 percent but are up 6.2 percent over last year, according to a report by Associated Builders and Contractors, citing government data.

Monthly steel prices have declined, though steel is still up 11.2 percent over November 2010, the report said. Petroleum, which affects the price of transporting commodities, is up 19.3 percent over a year ago.

The economies of Brazil, China and India are slowing, and the dollar is gaining some strength relative to the euro, the report said.

“There has continued to be downward pressure on commodity prices,” Anirban Basu, the chief economist for Associated Builders and Contractors, said in a Dec. 15 report. “This is likely to translate into additional declines in construction materials prices as we approach 2012 and beyond.

“However, the decline in construction materials prices is most welcome and may induce a larger number of projects to move forward than expected,” Basu said.

The cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices. But in some trades or locations, there’s less competition, Benning said, because some contractors who had bid for work at unsustainably low prices are now out of business.

The remaining players can charge higher rates, said Benning, whose firm builds shopping centers, educational facilities and other large projects. The costs of health care and other types of insurance also are rising.

For building material prices to soar, it would require stronger U.S. demand and a ramp-up of activity in emerging markets, said Conor McNally, chief development officer with the Atlanta-based real estate firm Carter. Carter has projects throughout the Southeast and Midwest, including a $600 million mixed-use project in Cincinnati.

McNally said his firm has seen isolated cases of price increases, but construction costs largely have stabilized.

The industry, he said, has seen sudden “blips” in prices as producers of building materials try to rationalize their supplies with wobbly demand.

The industry saw double-digit price inflation from 2003 to 2006 for supplies and labor, McNally said, which corrected with the fallout of the economy.

Bids for projects remain aggressive as there remains a lack of demand.

“We’re technically in recovery,” he said, “but it’s a slow and hard one.”

These are just a few insights that everyone may want to keep in mind as you are planning your rehab projects on your next property.

I wish you the best in investments!

MJ (Mark Jackson)

 

 

Merry Christmas To You!

As we prepare to celebrate the birth of Jesus Christ, many people are making plans to be with family.  I personally am excited about spending quality time with my wife, children, and grand-children.  I want to take a few moments to discuss real estate comps and a few more real estate investing highlights from this week.

REO properties, which are bank owned homes,  have many positive aspects.  The main benefit that comes to mind is buying homes at a discount.  In our depressed market – or a buyer’s market – home prices are usually below the assessed value.  This enables you, the buyer in this case, to use your InvestorCompsOnline access to research and decide on an offer price that helps you make your profit when you buy. 

Another way to make a profit on these foreclosed properties is by flipping.  To flip a property basically means to take the property and make upgrades or repairs before selling.  One of the greatest benefits of flipping houses for profit is the payoff is substantially larger – and the fact that you work on your own terms. However, with those benefits come the important realities such as hiring outside help in order to bring the property you purchased up to standards.  The goal would be to hire contractors at a good rate that still allows you both to profit.  Remember guys, always work with integrity and honesty and you will build a solid reputation.

As I close, I encourage you all to keep focused on projects that you are pursuing.  I hope my advice is helpful and useful in your day to day business deals.  I sincerely pray that each one of you has a blessed holiday with those you love!

MERRY CHRISTMAS!!!

A Christmas Gift – The ABC’s Of Real Estate

When you train with a responsible and competent mentor or coach real estate investment myths are dispelled.  Learning to decipher the truth from a myth can save you a lot of trouble and time.  We already know how important real estate comps are to our end profits.  I also wanted to share a few common myths which will help you during your learning curve:

Real estate investing is for the wealthy:  This is perhaps the biggest myth out there. There are a wide range of deals to negotiate, from $0 down to thousands of dollars down, which means there are deals all sizes available. What you need to do is research with your InvestorCompsOnline account and plan carefully.

Understand this guys,  many deals are done by people who work 9-5 jobs everyday. They may not take as great of a risk as someone wealthy, but there are still enough deals to spread around. Success in real estate investing is in your due diligence.

You need experience:  You may be envious of the people you see on those infomercials making a fortune in the real estate market, and you probably think it could never happen to you. They must have years of experience. But the truth is while those people may have been lucky, odds are they’re just savvy investors. If you learn as much as you can about investing in real estate and plan your next move carefully, you could easily join their ranks.

You need good credit:  Good credit helps, but you don’t need it to make money in real estate. There are so many creative ways to invest in real estate without ever looking at your credit. Again, you must learn your options and do your research.  I would, however, urge you to work on repairing your credit because it allows you even more options and more power when investing in real estate. 

It will not work in your area:  It works in EVERY area. True, it may work differently in some markets than in others, but there are investors making money in every city, every day of the week. You have to learn your market: the rents, the trends, the local customs, the bankers, the title companies, etc.There are many myths which keep very capable people from venturing in the world of real estate investing. Myths can actually cost you thousands of dollars if you do not know the truth. Don’t wait unitl 2012 to get the ball rolling, start this Christmas season and instead start 2012 on a strong footing.  Get help from InvestorCompsOnline‘s educational tools and support system  and learn the real truth as you begin your journey to successful real estate investing.

Monthly Archives: December 2011

Happy New Year To YOU!

As we prepare for the new year, we as investors know 2012 looks bright for us.  The prospect of all the different types of properties available are exciting to say the least.  Using solid real estate comps to decide which to go after is always a wise choice.

One thing we should all keep in mind are the costs of construction materials and labor.  The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies in other parts of the world.  Additionally, the cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices.  Look for a contractor who gives a realistic price as well as time schedule.  

Once you have your property renovated, it’s time to market and sell.  I use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to list properties and build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.

I challenge you in 2012 to keep a watchful eye on your construction costs as well as use social networking/marketing to make your deals happen faster.  Always know InvestorCompsOnline is available to you to assist you each step of the way..

Happy Investing in 2012!!

Making YOUR New Year Bright!

As a real estate investor two of the greatest challenges we face is finding good real estate comps and finding the right network to help us grow our business successfully. With all of the different components we need for a thriving real estate team, I have found the ability to create a large network through social media has become a tremendous asset to my business.

What I have done is use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. 

One of the advantages of using social media is the ability for you to find specific information about targeted groups or individuals. For example, on Twitter I have an account that has several real estate investors in the country. Whenever I sell a property, I make sure that this list gets some extra tweets about the property, so all of my investors on the list have the chance to contact me.

On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.   I have have had the benefit of being able to build on these new found relationships for future deals.

The power of using social media for real estate is tremendous, so take advantage of the trends which are occurring across the nation and join real estate investors who are using social networking to create a better real estate investment environment.

 

2011 Going Out With Higher Costs!

I truly hope that each one of you enjoyed your time with family and friends during Christmas.  I wanted to step away from my typical real estate comps related topic today.  I wanted to share and excerpt from my local newspaper’s business section.  This is article should be interesting to all of us that buy and renovate or rehab properties.  It discusses one of our main expenses, building materials…..

…………When the economy was strong and construction was booming, prices for products such as lumber and drywall rose almost by the day.

After the economy crashed and construction went from a torrent to a trickle, contractors such as Ted Benning said they could count on those prices to routinely drop in line with the slacking demand.

The picture now, though, is starting to get murky.

Though the construction industry isn’t exactly booming, Benning and other Georgia contractors are seeing the cost of building products heading up again, and that could mean dollars won’t go quite as far for everything from public works projects to home renovations.

But indicators at a national level suggest the price increases that some local contractors are seeing could reverse slightly given global economic uncertainty.

“I think that the question of whether [price hikes] stick or not is a question of demand,” Benning said.

Ready-mix concrete and electrical wiring components are among the products suppliers have said could rise 5 percent to 10 percent in the new year, the president of Atlanta-based Benning Construction said.

The Atlanta Journal-Constitution recently reported Cobb County was seeing bids for school construction projects rise unexpectedly, though other metro counties weren’t seeing quite the same phenomenon.

The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies such as Brazil, China and India.

Bill Anderson, president of the Associated Builders and Contractors of Georgia, said his members have indicated they are seeing prices rise, but data from the national level indicate it might be a temporary trend.

Overall, construction prices dipped in November by 0.1 percent but are up 6.2 percent over last year, according to a report by Associated Builders and Contractors, citing government data.

Monthly steel prices have declined, though steel is still up 11.2 percent over November 2010, the report said. Petroleum, which affects the price of transporting commodities, is up 19.3 percent over a year ago.

The economies of Brazil, China and India are slowing, and the dollar is gaining some strength relative to the euro, the report said.

“There has continued to be downward pressure on commodity prices,” Anirban Basu, the chief economist for Associated Builders and Contractors, said in a Dec. 15 report. “This is likely to translate into additional declines in construction materials prices as we approach 2012 and beyond.

“However, the decline in construction materials prices is most welcome and may induce a larger number of projects to move forward than expected,” Basu said.

The cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices. But in some trades or locations, there’s less competition, Benning said, because some contractors who had bid for work at unsustainably low prices are now out of business.

The remaining players can charge higher rates, said Benning, whose firm builds shopping centers, educational facilities and other large projects. The costs of health care and other types of insurance also are rising.

For building material prices to soar, it would require stronger U.S. demand and a ramp-up of activity in emerging markets, said Conor McNally, chief development officer with the Atlanta-based real estate firm Carter. Carter has projects throughout the Southeast and Midwest, including a $600 million mixed-use project in Cincinnati.

McNally said his firm has seen isolated cases of price increases, but construction costs largely have stabilized.

The industry, he said, has seen sudden “blips” in prices as producers of building materials try to rationalize their supplies with wobbly demand.

The industry saw double-digit price inflation from 2003 to 2006 for supplies and labor, McNally said, which corrected with the fallout of the economy.

Bids for projects remain aggressive as there remains a lack of demand.

“We’re technically in recovery,” he said, “but it’s a slow and hard one.”

These are just a few insights that everyone may want to keep in mind as you are planning your rehab projects on your next property.

I wish you the best in investments!

MJ (Mark Jackson)

 

 

Merry Christmas To You!

As we prepare to celebrate the birth of Jesus Christ, many people are making plans to be with family.  I personally am excited about spending quality time with my wife, children, and grand-children.  I want to take a few moments to discuss real estate comps and a few more real estate investing highlights from this week.

REO properties, which are bank owned homes,  have many positive aspects.  The main benefit that comes to mind is buying homes at a discount.  In our depressed market – or a buyer’s market – home prices are usually below the assessed value.  This enables you, the buyer in this case, to use your InvestorCompsOnline access to research and decide on an offer price that helps you make your profit when you buy. 

Another way to make a profit on these foreclosed properties is by flipping.  To flip a property basically means to take the property and make upgrades or repairs before selling.  One of the greatest benefits of flipping houses for profit is the payoff is substantially larger – and the fact that you work on your own terms. However, with those benefits come the important realities such as hiring outside help in order to bring the property you purchased up to standards.  The goal would be to hire contractors at a good rate that still allows you both to profit.  Remember guys, always work with integrity and honesty and you will build a solid reputation.

As I close, I encourage you all to keep focused on projects that you are pursuing.  I hope my advice is helpful and useful in your day to day business deals.  I sincerely pray that each one of you has a blessed holiday with those you love!

MERRY CHRISTMAS!!!

A Christmas Gift – The ABC’s Of Real Estate

When you train with a responsible and competent mentor or coach real estate investment myths are dispelled.  Learning to decipher the truth from a myth can save you a lot of trouble and time.  We already know how important real estate comps are to our end profits.  I also wanted to share a few common myths which will help you during your learning curve:

Real estate investing is for the wealthy:  This is perhaps the biggest myth out there. There are a wide range of deals to negotiate, from $0 down to thousands of dollars down, which means there are deals all sizes available. What you need to do is research with your InvestorCompsOnline account and plan carefully.

Understand this guys,  many deals are done by people who work 9-5 jobs everyday. They may not take as great of a risk as someone wealthy, but there are still enough deals to spread around. Success in real estate investing is in your due diligence.

You need experience:  You may be envious of the people you see on those infomercials making a fortune in the real estate market, and you probably think it could never happen to you. They must have years of experience. But the truth is while those people may have been lucky, odds are they’re just savvy investors. If you learn as much as you can about investing in real estate and plan your next move carefully, you could easily join their ranks.

You need good credit:  Good credit helps, but you don’t need it to make money in real estate. There are so many creative ways to invest in real estate without ever looking at your credit. Again, you must learn your options and do your research.  I would, however, urge you to work on repairing your credit because it allows you even more options and more power when investing in real estate. 

It will not work in your area:  It works in EVERY area. True, it may work differently in some markets than in others, but there are investors making money in every city, every day of the week. You have to learn your market: the rents, the trends, the local customs, the bankers, the title companies, etc.There are many myths which keep very capable people from venturing in the world of real estate investing. Myths can actually cost you thousands of dollars if you do not know the truth. Don’t wait unitl 2012 to get the ball rolling, start this Christmas season and instead start 2012 on a strong footing.  Get help from InvestorCompsOnline‘s educational tools and support system  and learn the real truth as you begin your journey to successful real estate investing.

Monthly Archives: December 2011

Happy New Year To YOU!

As we prepare for the new year, we as investors know 2012 looks bright for us.  The prospect of all the different types of properties available are exciting to say the least.  Using solid real estate comps to decide which to go after is always a wise choice.

One thing we should all keep in mind are the costs of construction materials and labor.  The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies in other parts of the world.  Additionally, the cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices.  Look for a contractor who gives a realistic price as well as time schedule.  

Once you have your property renovated, it’s time to market and sell.  I use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to list properties and build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.

I challenge you in 2012 to keep a watchful eye on your construction costs as well as use social networking/marketing to make your deals happen faster.  Always know InvestorCompsOnline is available to you to assist you each step of the way..

Happy Investing in 2012!!

Making YOUR New Year Bright!

As a real estate investor two of the greatest challenges we face is finding good real estate comps and finding the right network to help us grow our business successfully. With all of the different components we need for a thriving real estate team, I have found the ability to create a large network through social media has become a tremendous asset to my business.

What I have done is use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. 

One of the advantages of using social media is the ability for you to find specific information about targeted groups or individuals. For example, on Twitter I have an account that has several real estate investors in the country. Whenever I sell a property, I make sure that this list gets some extra tweets about the property, so all of my investors on the list have the chance to contact me.

On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.   I have have had the benefit of being able to build on these new found relationships for future deals.

The power of using social media for real estate is tremendous, so take advantage of the trends which are occurring across the nation and join real estate investors who are using social networking to create a better real estate investment environment.

 

2011 Going Out With Higher Costs!

I truly hope that each one of you enjoyed your time with family and friends during Christmas.  I wanted to step away from my typical real estate comps related topic today.  I wanted to share and excerpt from my local newspaper’s business section.  This is article should be interesting to all of us that buy and renovate or rehab properties.  It discusses one of our main expenses, building materials…..

…………When the economy was strong and construction was booming, prices for products such as lumber and drywall rose almost by the day.

After the economy crashed and construction went from a torrent to a trickle, contractors such as Ted Benning said they could count on those prices to routinely drop in line with the slacking demand.

The picture now, though, is starting to get murky.

Though the construction industry isn’t exactly booming, Benning and other Georgia contractors are seeing the cost of building products heading up again, and that could mean dollars won’t go quite as far for everything from public works projects to home renovations.

But indicators at a national level suggest the price increases that some local contractors are seeing could reverse slightly given global economic uncertainty.

“I think that the question of whether [price hikes] stick or not is a question of demand,” Benning said.

Ready-mix concrete and electrical wiring components are among the products suppliers have said could rise 5 percent to 10 percent in the new year, the president of Atlanta-based Benning Construction said.

The Atlanta Journal-Constitution recently reported Cobb County was seeing bids for school construction projects rise unexpectedly, though other metro counties weren’t seeing quite the same phenomenon.

The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies such as Brazil, China and India.

Bill Anderson, president of the Associated Builders and Contractors of Georgia, said his members have indicated they are seeing prices rise, but data from the national level indicate it might be a temporary trend.

Overall, construction prices dipped in November by 0.1 percent but are up 6.2 percent over last year, according to a report by Associated Builders and Contractors, citing government data.

Monthly steel prices have declined, though steel is still up 11.2 percent over November 2010, the report said. Petroleum, which affects the price of transporting commodities, is up 19.3 percent over a year ago.

The economies of Brazil, China and India are slowing, and the dollar is gaining some strength relative to the euro, the report said.

“There has continued to be downward pressure on commodity prices,” Anirban Basu, the chief economist for Associated Builders and Contractors, said in a Dec. 15 report. “This is likely to translate into additional declines in construction materials prices as we approach 2012 and beyond.

“However, the decline in construction materials prices is most welcome and may induce a larger number of projects to move forward than expected,” Basu said.

The cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices. But in some trades or locations, there’s less competition, Benning said, because some contractors who had bid for work at unsustainably low prices are now out of business.

The remaining players can charge higher rates, said Benning, whose firm builds shopping centers, educational facilities and other large projects. The costs of health care and other types of insurance also are rising.

For building material prices to soar, it would require stronger U.S. demand and a ramp-up of activity in emerging markets, said Conor McNally, chief development officer with the Atlanta-based real estate firm Carter. Carter has projects throughout the Southeast and Midwest, including a $600 million mixed-use project in Cincinnati.

McNally said his firm has seen isolated cases of price increases, but construction costs largely have stabilized.

The industry, he said, has seen sudden “blips” in prices as producers of building materials try to rationalize their supplies with wobbly demand.

The industry saw double-digit price inflation from 2003 to 2006 for supplies and labor, McNally said, which corrected with the fallout of the economy.

Bids for projects remain aggressive as there remains a lack of demand.

“We’re technically in recovery,” he said, “but it’s a slow and hard one.”

These are just a few insights that everyone may want to keep in mind as you are planning your rehab projects on your next property.

I wish you the best in investments!

MJ (Mark Jackson)

 

 

Merry Christmas To You!

As we prepare to celebrate the birth of Jesus Christ, many people are making plans to be with family.  I personally am excited about spending quality time with my wife, children, and grand-children.  I want to take a few moments to discuss real estate comps and a few more real estate investing highlights from this week.

REO properties, which are bank owned homes,  have many positive aspects.  The main benefit that comes to mind is buying homes at a discount.  In our depressed market – or a buyer’s market – home prices are usually below the assessed value.  This enables you, the buyer in this case, to use your InvestorCompsOnline access to research and decide on an offer price that helps you make your profit when you buy. 

Another way to make a profit on these foreclosed properties is by flipping.  To flip a property basically means to take the property and make upgrades or repairs before selling.  One of the greatest benefits of flipping houses for profit is the payoff is substantially larger – and the fact that you work on your own terms. However, with those benefits come the important realities such as hiring outside help in order to bring the property you purchased up to standards.  The goal would be to hire contractors at a good rate that still allows you both to profit.  Remember guys, always work with integrity and honesty and you will build a solid reputation.

As I close, I encourage you all to keep focused on projects that you are pursuing.  I hope my advice is helpful and useful in your day to day business deals.  I sincerely pray that each one of you has a blessed holiday with those you love!

MERRY CHRISTMAS!!!

A Christmas Gift – The ABC’s Of Real Estate

When you train with a responsible and competent mentor or coach real estate investment myths are dispelled.  Learning to decipher the truth from a myth can save you a lot of trouble and time.  We already know how important real estate comps are to our end profits.  I also wanted to share a few common myths which will help you during your learning curve:

Real estate investing is for the wealthy:  This is perhaps the biggest myth out there. There are a wide range of deals to negotiate, from $0 down to thousands of dollars down, which means there are deals all sizes available. What you need to do is research with your InvestorCompsOnline account and plan carefully.

Understand this guys,  many deals are done by people who work 9-5 jobs everyday. They may not take as great of a risk as someone wealthy, but there are still enough deals to spread around. Success in real estate investing is in your due diligence.

You need experience:  You may be envious of the people you see on those infomercials making a fortune in the real estate market, and you probably think it could never happen to you. They must have years of experience. But the truth is while those people may have been lucky, odds are they’re just savvy investors. If you learn as much as you can about investing in real estate and plan your next move carefully, you could easily join their ranks.

You need good credit:  Good credit helps, but you don’t need it to make money in real estate. There are so many creative ways to invest in real estate without ever looking at your credit. Again, you must learn your options and do your research.  I would, however, urge you to work on repairing your credit because it allows you even more options and more power when investing in real estate. 

It will not work in your area:  It works in EVERY area. True, it may work differently in some markets than in others, but there are investors making money in every city, every day of the week. You have to learn your market: the rents, the trends, the local customs, the bankers, the title companies, etc.There are many myths which keep very capable people from venturing in the world of real estate investing. Myths can actually cost you thousands of dollars if you do not know the truth. Don’t wait unitl 2012 to get the ball rolling, start this Christmas season and instead start 2012 on a strong footing.  Get help from InvestorCompsOnline‘s educational tools and support system  and learn the real truth as you begin your journey to successful real estate investing.

Monthly Archives: December 2011

Happy New Year To YOU!

As we prepare for the new year, we as investors know 2012 looks bright for us.  The prospect of all the different types of properties available are exciting to say the least.  Using solid real estate comps to decide which to go after is always a wise choice.

One thing we should all keep in mind are the costs of construction materials and labor.  The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies in other parts of the world.  Additionally, the cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices.  Look for a contractor who gives a realistic price as well as time schedule.  

Once you have your property renovated, it’s time to market and sell.  I use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to list properties and build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.

I challenge you in 2012 to keep a watchful eye on your construction costs as well as use social networking/marketing to make your deals happen faster.  Always know InvestorCompsOnline is available to you to assist you each step of the way..

Happy Investing in 2012!!

Making YOUR New Year Bright!

As a real estate investor two of the greatest challenges we face is finding good real estate comps and finding the right network to help us grow our business successfully. With all of the different components we need for a thriving real estate team, I have found the ability to create a large network through social media has become a tremendous asset to my business.

What I have done is use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. 

One of the advantages of using social media is the ability for you to find specific information about targeted groups or individuals. For example, on Twitter I have an account that has several real estate investors in the country. Whenever I sell a property, I make sure that this list gets some extra tweets about the property, so all of my investors on the list have the chance to contact me.

On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.   I have have had the benefit of being able to build on these new found relationships for future deals.

The power of using social media for real estate is tremendous, so take advantage of the trends which are occurring across the nation and join real estate investors who are using social networking to create a better real estate investment environment.

 

2011 Going Out With Higher Costs!

I truly hope that each one of you enjoyed your time with family and friends during Christmas.  I wanted to step away from my typical real estate comps related topic today.  I wanted to share and excerpt from my local newspaper’s business section.  This is article should be interesting to all of us that buy and renovate or rehab properties.  It discusses one of our main expenses, building materials…..

…………When the economy was strong and construction was booming, prices for products such as lumber and drywall rose almost by the day.

After the economy crashed and construction went from a torrent to a trickle, contractors such as Ted Benning said they could count on those prices to routinely drop in line with the slacking demand.

The picture now, though, is starting to get murky.

Though the construction industry isn’t exactly booming, Benning and other Georgia contractors are seeing the cost of building products heading up again, and that could mean dollars won’t go quite as far for everything from public works projects to home renovations.

But indicators at a national level suggest the price increases that some local contractors are seeing could reverse slightly given global economic uncertainty.

“I think that the question of whether [price hikes] stick or not is a question of demand,” Benning said.

Ready-mix concrete and electrical wiring components are among the products suppliers have said could rise 5 percent to 10 percent in the new year, the president of Atlanta-based Benning Construction said.

The Atlanta Journal-Constitution recently reported Cobb County was seeing bids for school construction projects rise unexpectedly, though other metro counties weren’t seeing quite the same phenomenon.

The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies such as Brazil, China and India.

Bill Anderson, president of the Associated Builders and Contractors of Georgia, said his members have indicated they are seeing prices rise, but data from the national level indicate it might be a temporary trend.

Overall, construction prices dipped in November by 0.1 percent but are up 6.2 percent over last year, according to a report by Associated Builders and Contractors, citing government data.

Monthly steel prices have declined, though steel is still up 11.2 percent over November 2010, the report said. Petroleum, which affects the price of transporting commodities, is up 19.3 percent over a year ago.

The economies of Brazil, China and India are slowing, and the dollar is gaining some strength relative to the euro, the report said.

“There has continued to be downward pressure on commodity prices,” Anirban Basu, the chief economist for Associated Builders and Contractors, said in a Dec. 15 report. “This is likely to translate into additional declines in construction materials prices as we approach 2012 and beyond.

“However, the decline in construction materials prices is most welcome and may induce a larger number of projects to move forward than expected,” Basu said.

The cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices. But in some trades or locations, there’s less competition, Benning said, because some contractors who had bid for work at unsustainably low prices are now out of business.

The remaining players can charge higher rates, said Benning, whose firm builds shopping centers, educational facilities and other large projects. The costs of health care and other types of insurance also are rising.

For building material prices to soar, it would require stronger U.S. demand and a ramp-up of activity in emerging markets, said Conor McNally, chief development officer with the Atlanta-based real estate firm Carter. Carter has projects throughout the Southeast and Midwest, including a $600 million mixed-use project in Cincinnati.

McNally said his firm has seen isolated cases of price increases, but construction costs largely have stabilized.

The industry, he said, has seen sudden “blips” in prices as producers of building materials try to rationalize their supplies with wobbly demand.

The industry saw double-digit price inflation from 2003 to 2006 for supplies and labor, McNally said, which corrected with the fallout of the economy.

Bids for projects remain aggressive as there remains a lack of demand.

“We’re technically in recovery,” he said, “but it’s a slow and hard one.”

These are just a few insights that everyone may want to keep in mind as you are planning your rehab projects on your next property.

I wish you the best in investments!

MJ (Mark Jackson)

 

 

Merry Christmas To You!

As we prepare to celebrate the birth of Jesus Christ, many people are making plans to be with family.  I personally am excited about spending quality time with my wife, children, and grand-children.  I want to take a few moments to discuss real estate comps and a few more real estate investing highlights from this week.

REO properties, which are bank owned homes,  have many positive aspects.  The main benefit that comes to mind is buying homes at a discount.  In our depressed market – or a buyer’s market – home prices are usually below the assessed value.  This enables you, the buyer in this case, to use your InvestorCompsOnline access to research and decide on an offer price that helps you make your profit when you buy. 

Another way to make a profit on these foreclosed properties is by flipping.  To flip a property basically means to take the property and make upgrades or repairs before selling.  One of the greatest benefits of flipping houses for profit is the payoff is substantially larger – and the fact that you work on your own terms. However, with those benefits come the important realities such as hiring outside help in order to bring the property you purchased up to standards.  The goal would be to hire contractors at a good rate that still allows you both to profit.  Remember guys, always work with integrity and honesty and you will build a solid reputation.

As I close, I encourage you all to keep focused on projects that you are pursuing.  I hope my advice is helpful and useful in your day to day business deals.  I sincerely pray that each one of you has a blessed holiday with those you love!

MERRY CHRISTMAS!!!

A Christmas Gift – The ABC’s Of Real Estate

When you train with a responsible and competent mentor or coach real estate investment myths are dispelled.  Learning to decipher the truth from a myth can save you a lot of trouble and time.  We already know how important real estate comps are to our end profits.  I also wanted to share a few common myths which will help you during your learning curve:

Real estate investing is for the wealthy:  This is perhaps the biggest myth out there. There are a wide range of deals to negotiate, from $0 down to thousands of dollars down, which means there are deals all sizes available. What you need to do is research with your InvestorCompsOnline account and plan carefully.

Understand this guys,  many deals are done by people who work 9-5 jobs everyday. They may not take as great of a risk as someone wealthy, but there are still enough deals to spread around. Success in real estate investing is in your due diligence.

You need experience:  You may be envious of the people you see on those infomercials making a fortune in the real estate market, and you probably think it could never happen to you. They must have years of experience. But the truth is while those people may have been lucky, odds are they’re just savvy investors. If you learn as much as you can about investing in real estate and plan your next move carefully, you could easily join their ranks.

You need good credit:  Good credit helps, but you don’t need it to make money in real estate. There are so many creative ways to invest in real estate without ever looking at your credit. Again, you must learn your options and do your research.  I would, however, urge you to work on repairing your credit because it allows you even more options and more power when investing in real estate. 

It will not work in your area:  It works in EVERY area. True, it may work differently in some markets than in others, but there are investors making money in every city, every day of the week. You have to learn your market: the rents, the trends, the local customs, the bankers, the title companies, etc.There are many myths which keep very capable people from venturing in the world of real estate investing. Myths can actually cost you thousands of dollars if you do not know the truth. Don’t wait unitl 2012 to get the ball rolling, start this Christmas season and instead start 2012 on a strong footing.  Get help from InvestorCompsOnline‘s educational tools and support system  and learn the real truth as you begin your journey to successful real estate investing.

Monthly Archives: December 2011

Happy New Year To YOU!

As we prepare for the new year, we as investors know 2012 looks bright for us.  The prospect of all the different types of properties available are exciting to say the least.  Using solid real estate comps to decide which to go after is always a wise choice.

One thing we should all keep in mind are the costs of construction materials and labor.  The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies in other parts of the world.  Additionally, the cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices.  Look for a contractor who gives a realistic price as well as time schedule.  

Once you have your property renovated, it’s time to market and sell.  I use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to list properties and build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.

I challenge you in 2012 to keep a watchful eye on your construction costs as well as use social networking/marketing to make your deals happen faster.  Always know InvestorCompsOnline is available to you to assist you each step of the way..

Happy Investing in 2012!!

Making YOUR New Year Bright!

As a real estate investor two of the greatest challenges we face is finding good real estate comps and finding the right network to help us grow our business successfully. With all of the different components we need for a thriving real estate team, I have found the ability to create a large network through social media has become a tremendous asset to my business.

What I have done is use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. 

One of the advantages of using social media is the ability for you to find specific information about targeted groups or individuals. For example, on Twitter I have an account that has several real estate investors in the country. Whenever I sell a property, I make sure that this list gets some extra tweets about the property, so all of my investors on the list have the chance to contact me.

On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.   I have have had the benefit of being able to build on these new found relationships for future deals.

The power of using social media for real estate is tremendous, so take advantage of the trends which are occurring across the nation and join real estate investors who are using social networking to create a better real estate investment environment.

 

2011 Going Out With Higher Costs!

I truly hope that each one of you enjoyed your time with family and friends during Christmas.  I wanted to step away from my typical real estate comps related topic today.  I wanted to share and excerpt from my local newspaper’s business section.  This is article should be interesting to all of us that buy and renovate or rehab properties.  It discusses one of our main expenses, building materials…..

…………When the economy was strong and construction was booming, prices for products such as lumber and drywall rose almost by the day.

After the economy crashed and construction went from a torrent to a trickle, contractors such as Ted Benning said they could count on those prices to routinely drop in line with the slacking demand.

The picture now, though, is starting to get murky.

Though the construction industry isn’t exactly booming, Benning and other Georgia contractors are seeing the cost of building products heading up again, and that could mean dollars won’t go quite as far for everything from public works projects to home renovations.

But indicators at a national level suggest the price increases that some local contractors are seeing could reverse slightly given global economic uncertainty.

“I think that the question of whether [price hikes] stick or not is a question of demand,” Benning said.

Ready-mix concrete and electrical wiring components are among the products suppliers have said could rise 5 percent to 10 percent in the new year, the president of Atlanta-based Benning Construction said.

The Atlanta Journal-Constitution recently reported Cobb County was seeing bids for school construction projects rise unexpectedly, though other metro counties weren’t seeing quite the same phenomenon.

The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies such as Brazil, China and India.

Bill Anderson, president of the Associated Builders and Contractors of Georgia, said his members have indicated they are seeing prices rise, but data from the national level indicate it might be a temporary trend.

Overall, construction prices dipped in November by 0.1 percent but are up 6.2 percent over last year, according to a report by Associated Builders and Contractors, citing government data.

Monthly steel prices have declined, though steel is still up 11.2 percent over November 2010, the report said. Petroleum, which affects the price of transporting commodities, is up 19.3 percent over a year ago.

The economies of Brazil, China and India are slowing, and the dollar is gaining some strength relative to the euro, the report said.

“There has continued to be downward pressure on commodity prices,” Anirban Basu, the chief economist for Associated Builders and Contractors, said in a Dec. 15 report. “This is likely to translate into additional declines in construction materials prices as we approach 2012 and beyond.

“However, the decline in construction materials prices is most welcome and may induce a larger number of projects to move forward than expected,” Basu said.

The cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices. But in some trades or locations, there’s less competition, Benning said, because some contractors who had bid for work at unsustainably low prices are now out of business.

The remaining players can charge higher rates, said Benning, whose firm builds shopping centers, educational facilities and other large projects. The costs of health care and other types of insurance also are rising.

For building material prices to soar, it would require stronger U.S. demand and a ramp-up of activity in emerging markets, said Conor McNally, chief development officer with the Atlanta-based real estate firm Carter. Carter has projects throughout the Southeast and Midwest, including a $600 million mixed-use project in Cincinnati.

McNally said his firm has seen isolated cases of price increases, but construction costs largely have stabilized.

The industry, he said, has seen sudden “blips” in prices as producers of building materials try to rationalize their supplies with wobbly demand.

The industry saw double-digit price inflation from 2003 to 2006 for supplies and labor, McNally said, which corrected with the fallout of the economy.

Bids for projects remain aggressive as there remains a lack of demand.

“We’re technically in recovery,” he said, “but it’s a slow and hard one.”

These are just a few insights that everyone may want to keep in mind as you are planning your rehab projects on your next property.

I wish you the best in investments!

MJ (Mark Jackson)

 

 

Merry Christmas To You!

As we prepare to celebrate the birth of Jesus Christ, many people are making plans to be with family.  I personally am excited about spending quality time with my wife, children, and grand-children.  I want to take a few moments to discuss real estate comps and a few more real estate investing highlights from this week.

REO properties, which are bank owned homes,  have many positive aspects.  The main benefit that comes to mind is buying homes at a discount.  In our depressed market – or a buyer’s market – home prices are usually below the assessed value.  This enables you, the buyer in this case, to use your InvestorCompsOnline access to research and decide on an offer price that helps you make your profit when you buy. 

Another way to make a profit on these foreclosed properties is by flipping.  To flip a property basically means to take the property and make upgrades or repairs before selling.  One of the greatest benefits of flipping houses for profit is the payoff is substantially larger – and the fact that you work on your own terms. However, with those benefits come the important realities such as hiring outside help in order to bring the property you purchased up to standards.  The goal would be to hire contractors at a good rate that still allows you both to profit.  Remember guys, always work with integrity and honesty and you will build a solid reputation.

As I close, I encourage you all to keep focused on projects that you are pursuing.  I hope my advice is helpful and useful in your day to day business deals.  I sincerely pray that each one of you has a blessed holiday with those you love!

MERRY CHRISTMAS!!!

A Christmas Gift – The ABC’s Of Real Estate

When you train with a responsible and competent mentor or coach real estate investment myths are dispelled.  Learning to decipher the truth from a myth can save you a lot of trouble and time.  We already know how important real estate comps are to our end profits.  I also wanted to share a few common myths which will help you during your learning curve:

Real estate investing is for the wealthy:  This is perhaps the biggest myth out there. There are a wide range of deals to negotiate, from $0 down to thousands of dollars down, which means there are deals all sizes available. What you need to do is research with your InvestorCompsOnline account and plan carefully.

Understand this guys,  many deals are done by people who work 9-5 jobs everyday. They may not take as great of a risk as someone wealthy, but there are still enough deals to spread around. Success in real estate investing is in your due diligence.

You need experience:  You may be envious of the people you see on those infomercials making a fortune in the real estate market, and you probably think it could never happen to you. They must have years of experience. But the truth is while those people may have been lucky, odds are they’re just savvy investors. If you learn as much as you can about investing in real estate and plan your next move carefully, you could easily join their ranks.

You need good credit:  Good credit helps, but you don’t need it to make money in real estate. There are so many creative ways to invest in real estate without ever looking at your credit. Again, you must learn your options and do your research.  I would, however, urge you to work on repairing your credit because it allows you even more options and more power when investing in real estate. 

It will not work in your area:  It works in EVERY area. True, it may work differently in some markets than in others, but there are investors making money in every city, every day of the week. You have to learn your market: the rents, the trends, the local customs, the bankers, the title companies, etc.There are many myths which keep very capable people from venturing in the world of real estate investing. Myths can actually cost you thousands of dollars if you do not know the truth. Don’t wait unitl 2012 to get the ball rolling, start this Christmas season and instead start 2012 on a strong footing.  Get help from InvestorCompsOnline‘s educational tools and support system  and learn the real truth as you begin your journey to successful real estate investing.

Monthly Archives: December 2011

Happy New Year To YOU!

As we prepare for the new year, we as investors know 2012 looks bright for us.  The prospect of all the different types of properties available are exciting to say the least.  Using solid real estate comps to decide which to go after is always a wise choice.

One thing we should all keep in mind are the costs of construction materials and labor.  The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies in other parts of the world.  Additionally, the cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices.  Look for a contractor who gives a realistic price as well as time schedule.  

Once you have your property renovated, it’s time to market and sell.  I use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to list properties and build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.

I challenge you in 2012 to keep a watchful eye on your construction costs as well as use social networking/marketing to make your deals happen faster.  Always know InvestorCompsOnline is available to you to assist you each step of the way..

Happy Investing in 2012!!

Making YOUR New Year Bright!

As a real estate investor two of the greatest challenges we face is finding good real estate comps and finding the right network to help us grow our business successfully. With all of the different components we need for a thriving real estate team, I have found the ability to create a large network through social media has become a tremendous asset to my business.

What I have done is use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. 

One of the advantages of using social media is the ability for you to find specific information about targeted groups or individuals. For example, on Twitter I have an account that has several real estate investors in the country. Whenever I sell a property, I make sure that this list gets some extra tweets about the property, so all of my investors on the list have the chance to contact me.

On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.   I have have had the benefit of being able to build on these new found relationships for future deals.

The power of using social media for real estate is tremendous, so take advantage of the trends which are occurring across the nation and join real estate investors who are using social networking to create a better real estate investment environment.

 

2011 Going Out With Higher Costs!

I truly hope that each one of you enjoyed your time with family and friends during Christmas.  I wanted to step away from my typical real estate comps related topic today.  I wanted to share and excerpt from my local newspaper’s business section.  This is article should be interesting to all of us that buy and renovate or rehab properties.  It discusses one of our main expenses, building materials…..

…………When the economy was strong and construction was booming, prices for products such as lumber and drywall rose almost by the day.

After the economy crashed and construction went from a torrent to a trickle, contractors such as Ted Benning said they could count on those prices to routinely drop in line with the slacking demand.

The picture now, though, is starting to get murky.

Though the construction industry isn’t exactly booming, Benning and other Georgia contractors are seeing the cost of building products heading up again, and that could mean dollars won’t go quite as far for everything from public works projects to home renovations.

But indicators at a national level suggest the price increases that some local contractors are seeing could reverse slightly given global economic uncertainty.

“I think that the question of whether [price hikes] stick or not is a question of demand,” Benning said.

Ready-mix concrete and electrical wiring components are among the products suppliers have said could rise 5 percent to 10 percent in the new year, the president of Atlanta-based Benning Construction said.

The Atlanta Journal-Constitution recently reported Cobb County was seeing bids for school construction projects rise unexpectedly, though other metro counties weren’t seeing quite the same phenomenon.

The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies such as Brazil, China and India.

Bill Anderson, president of the Associated Builders and Contractors of Georgia, said his members have indicated they are seeing prices rise, but data from the national level indicate it might be a temporary trend.

Overall, construction prices dipped in November by 0.1 percent but are up 6.2 percent over last year, according to a report by Associated Builders and Contractors, citing government data.

Monthly steel prices have declined, though steel is still up 11.2 percent over November 2010, the report said. Petroleum, which affects the price of transporting commodities, is up 19.3 percent over a year ago.

The economies of Brazil, China and India are slowing, and the dollar is gaining some strength relative to the euro, the report said.

“There has continued to be downward pressure on commodity prices,” Anirban Basu, the chief economist for Associated Builders and Contractors, said in a Dec. 15 report. “This is likely to translate into additional declines in construction materials prices as we approach 2012 and beyond.

“However, the decline in construction materials prices is most welcome and may induce a larger number of projects to move forward than expected,” Basu said.

The cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices. But in some trades or locations, there’s less competition, Benning said, because some contractors who had bid for work at unsustainably low prices are now out of business.

The remaining players can charge higher rates, said Benning, whose firm builds shopping centers, educational facilities and other large projects. The costs of health care and other types of insurance also are rising.

For building material prices to soar, it would require stronger U.S. demand and a ramp-up of activity in emerging markets, said Conor McNally, chief development officer with the Atlanta-based real estate firm Carter. Carter has projects throughout the Southeast and Midwest, including a $600 million mixed-use project in Cincinnati.

McNally said his firm has seen isolated cases of price increases, but construction costs largely have stabilized.

The industry, he said, has seen sudden “blips” in prices as producers of building materials try to rationalize their supplies with wobbly demand.

The industry saw double-digit price inflation from 2003 to 2006 for supplies and labor, McNally said, which corrected with the fallout of the economy.

Bids for projects remain aggressive as there remains a lack of demand.

“We’re technically in recovery,” he said, “but it’s a slow and hard one.”

These are just a few insights that everyone may want to keep in mind as you are planning your rehab projects on your next property.

I wish you the best in investments!

MJ (Mark Jackson)

 

 

Merry Christmas To You!

As we prepare to celebrate the birth of Jesus Christ, many people are making plans to be with family.  I personally am excited about spending quality time with my wife, children, and grand-children.  I want to take a few moments to discuss real estate comps and a few more real estate investing highlights from this week.

REO properties, which are bank owned homes,  have many positive aspects.  The main benefit that comes to mind is buying homes at a discount.  In our depressed market – or a buyer’s market – home prices are usually below the assessed value.  This enables you, the buyer in this case, to use your InvestorCompsOnline access to research and decide on an offer price that helps you make your profit when you buy. 

Another way to make a profit on these foreclosed properties is by flipping.  To flip a property basically means to take the property and make upgrades or repairs before selling.  One of the greatest benefits of flipping houses for profit is the payoff is substantially larger – and the fact that you work on your own terms. However, with those benefits come the important realities such as hiring outside help in order to bring the property you purchased up to standards.  The goal would be to hire contractors at a good rate that still allows you both to profit.  Remember guys, always work with integrity and honesty and you will build a solid reputation.

As I close, I encourage you all to keep focused on projects that you are pursuing.  I hope my advice is helpful and useful in your day to day business deals.  I sincerely pray that each one of you has a blessed holiday with those you love!

MERRY CHRISTMAS!!!

A Christmas Gift – The ABC’s Of Real Estate

When you train with a responsible and competent mentor or coach real estate investment myths are dispelled.  Learning to decipher the truth from a myth can save you a lot of trouble and time.  We already know how important real estate comps are to our end profits.  I also wanted to share a few common myths which will help you during your learning curve:

Real estate investing is for the wealthy:  This is perhaps the biggest myth out there. There are a wide range of deals to negotiate, from $0 down to thousands of dollars down, which means there are deals all sizes available. What you need to do is research with your InvestorCompsOnline account and plan carefully.

Understand this guys,  many deals are done by people who work 9-5 jobs everyday. They may not take as great of a risk as someone wealthy, but there are still enough deals to spread around. Success in real estate investing is in your due diligence.

You need experience:  You may be envious of the people you see on those infomercials making a fortune in the real estate market, and you probably think it could never happen to you. They must have years of experience. But the truth is while those people may have been lucky, odds are they’re just savvy investors. If you learn as much as you can about investing in real estate and plan your next move carefully, you could easily join their ranks.

You need good credit:  Good credit helps, but you don’t need it to make money in real estate. There are so many creative ways to invest in real estate without ever looking at your credit. Again, you must learn your options and do your research.  I would, however, urge you to work on repairing your credit because it allows you even more options and more power when investing in real estate. 

It will not work in your area:  It works in EVERY area. True, it may work differently in some markets than in others, but there are investors making money in every city, every day of the week. You have to learn your market: the rents, the trends, the local customs, the bankers, the title companies, etc.There are many myths which keep very capable people from venturing in the world of real estate investing. Myths can actually cost you thousands of dollars if you do not know the truth. Don’t wait unitl 2012 to get the ball rolling, start this Christmas season and instead start 2012 on a strong footing.  Get help from InvestorCompsOnline‘s educational tools and support system  and learn the real truth as you begin your journey to successful real estate investing.

Monthly Archives: December 2011

Happy New Year To YOU!

As we prepare for the new year, we as investors know 2012 looks bright for us.  The prospect of all the different types of properties available are exciting to say the least.  Using solid real estate comps to decide which to go after is always a wise choice.

One thing we should all keep in mind are the costs of construction materials and labor.  The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies in other parts of the world.  Additionally, the cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices.  Look for a contractor who gives a realistic price as well as time schedule.  

Once you have your property renovated, it’s time to market and sell.  I use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to list properties and build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.

I challenge you in 2012 to keep a watchful eye on your construction costs as well as use social networking/marketing to make your deals happen faster.  Always know InvestorCompsOnline is available to you to assist you each step of the way..

Happy Investing in 2012!!

Making YOUR New Year Bright!

As a real estate investor two of the greatest challenges we face is finding good real estate comps and finding the right network to help us grow our business successfully. With all of the different components we need for a thriving real estate team, I have found the ability to create a large network through social media has become a tremendous asset to my business.

What I have done is use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. 

One of the advantages of using social media is the ability for you to find specific information about targeted groups or individuals. For example, on Twitter I have an account that has several real estate investors in the country. Whenever I sell a property, I make sure that this list gets some extra tweets about the property, so all of my investors on the list have the chance to contact me.

On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.   I have have had the benefit of being able to build on these new found relationships for future deals.

The power of using social media for real estate is tremendous, so take advantage of the trends which are occurring across the nation and join real estate investors who are using social networking to create a better real estate investment environment.

 

2011 Going Out With Higher Costs!

I truly hope that each one of you enjoyed your time with family and friends during Christmas.  I wanted to step away from my typical real estate comps related topic today.  I wanted to share and excerpt from my local newspaper’s business section.  This is article should be interesting to all of us that buy and renovate or rehab properties.  It discusses one of our main expenses, building materials…..

…………When the economy was strong and construction was booming, prices for products such as lumber and drywall rose almost by the day.

After the economy crashed and construction went from a torrent to a trickle, contractors such as Ted Benning said they could count on those prices to routinely drop in line with the slacking demand.

The picture now, though, is starting to get murky.

Though the construction industry isn’t exactly booming, Benning and other Georgia contractors are seeing the cost of building products heading up again, and that could mean dollars won’t go quite as far for everything from public works projects to home renovations.

But indicators at a national level suggest the price increases that some local contractors are seeing could reverse slightly given global economic uncertainty.

“I think that the question of whether [price hikes] stick or not is a question of demand,” Benning said.

Ready-mix concrete and electrical wiring components are among the products suppliers have said could rise 5 percent to 10 percent in the new year, the president of Atlanta-based Benning Construction said.

The Atlanta Journal-Constitution recently reported Cobb County was seeing bids for school construction projects rise unexpectedly, though other metro counties weren’t seeing quite the same phenomenon.

The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies such as Brazil, China and India.

Bill Anderson, president of the Associated Builders and Contractors of Georgia, said his members have indicated they are seeing prices rise, but data from the national level indicate it might be a temporary trend.

Overall, construction prices dipped in November by 0.1 percent but are up 6.2 percent over last year, according to a report by Associated Builders and Contractors, citing government data.

Monthly steel prices have declined, though steel is still up 11.2 percent over November 2010, the report said. Petroleum, which affects the price of transporting commodities, is up 19.3 percent over a year ago.

The economies of Brazil, China and India are slowing, and the dollar is gaining some strength relative to the euro, the report said.

“There has continued to be downward pressure on commodity prices,” Anirban Basu, the chief economist for Associated Builders and Contractors, said in a Dec. 15 report. “This is likely to translate into additional declines in construction materials prices as we approach 2012 and beyond.

“However, the decline in construction materials prices is most welcome and may induce a larger number of projects to move forward than expected,” Basu said.

The cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices. But in some trades or locations, there’s less competition, Benning said, because some contractors who had bid for work at unsustainably low prices are now out of business.

The remaining players can charge higher rates, said Benning, whose firm builds shopping centers, educational facilities and other large projects. The costs of health care and other types of insurance also are rising.

For building material prices to soar, it would require stronger U.S. demand and a ramp-up of activity in emerging markets, said Conor McNally, chief development officer with the Atlanta-based real estate firm Carter. Carter has projects throughout the Southeast and Midwest, including a $600 million mixed-use project in Cincinnati.

McNally said his firm has seen isolated cases of price increases, but construction costs largely have stabilized.

The industry, he said, has seen sudden “blips” in prices as producers of building materials try to rationalize their supplies with wobbly demand.

The industry saw double-digit price inflation from 2003 to 2006 for supplies and labor, McNally said, which corrected with the fallout of the economy.

Bids for projects remain aggressive as there remains a lack of demand.

“We’re technically in recovery,” he said, “but it’s a slow and hard one.”

These are just a few insights that everyone may want to keep in mind as you are planning your rehab projects on your next property.

I wish you the best in investments!

MJ (Mark Jackson)

 

 

Merry Christmas To You!

As we prepare to celebrate the birth of Jesus Christ, many people are making plans to be with family.  I personally am excited about spending quality time with my wife, children, and grand-children.  I want to take a few moments to discuss real estate comps and a few more real estate investing highlights from this week.

REO properties, which are bank owned homes,  have many positive aspects.  The main benefit that comes to mind is buying homes at a discount.  In our depressed market – or a buyer’s market – home prices are usually below the assessed value.  This enables you, the buyer in this case, to use your InvestorCompsOnline access to research and decide on an offer price that helps you make your profit when you buy. 

Another way to make a profit on these foreclosed properties is by flipping.  To flip a property basically means to take the property and make upgrades or repairs before selling.  One of the greatest benefits of flipping houses for profit is the payoff is substantially larger – and the fact that you work on your own terms. However, with those benefits come the important realities such as hiring outside help in order to bring the property you purchased up to standards.  The goal would be to hire contractors at a good rate that still allows you both to profit.  Remember guys, always work with integrity and honesty and you will build a solid reputation.

As I close, I encourage you all to keep focused on projects that you are pursuing.  I hope my advice is helpful and useful in your day to day business deals.  I sincerely pray that each one of you has a blessed holiday with those you love!

MERRY CHRISTMAS!!!

A Christmas Gift – The ABC’s Of Real Estate

When you train with a responsible and competent mentor or coach real estate investment myths are dispelled.  Learning to decipher the truth from a myth can save you a lot of trouble and time.  We already know how important real estate comps are to our end profits.  I also wanted to share a few common myths which will help you during your learning curve:

Real estate investing is for the wealthy:  This is perhaps the biggest myth out there. There are a wide range of deals to negotiate, from $0 down to thousands of dollars down, which means there are deals all sizes available. What you need to do is research with your InvestorCompsOnline account and plan carefully.

Understand this guys,  many deals are done by people who work 9-5 jobs everyday. They may not take as great of a risk as someone wealthy, but there are still enough deals to spread around. Success in real estate investing is in your due diligence.

You need experience:  You may be envious of the people you see on those infomercials making a fortune in the real estate market, and you probably think it could never happen to you. They must have years of experience. But the truth is while those people may have been lucky, odds are they’re just savvy investors. If you learn as much as you can about investing in real estate and plan your next move carefully, you could easily join their ranks.

You need good credit:  Good credit helps, but you don’t need it to make money in real estate. There are so many creative ways to invest in real estate without ever looking at your credit. Again, you must learn your options and do your research.  I would, however, urge you to work on repairing your credit because it allows you even more options and more power when investing in real estate. 

It will not work in your area:  It works in EVERY area. True, it may work differently in some markets than in others, but there are investors making money in every city, every day of the week. You have to learn your market: the rents, the trends, the local customs, the bankers, the title companies, etc.There are many myths which keep very capable people from venturing in the world of real estate investing. Myths can actually cost you thousands of dollars if you do not know the truth. Don’t wait unitl 2012 to get the ball rolling, start this Christmas season and instead start 2012 on a strong footing.  Get help from InvestorCompsOnline‘s educational tools and support system  and learn the real truth as you begin your journey to successful real estate investing.

Monthly Archives: December 2011

Happy New Year To YOU!

As we prepare for the new year, we as investors know 2012 looks bright for us.  The prospect of all the different types of properties available are exciting to say the least.  Using solid real estate comps to decide which to go after is always a wise choice.

One thing we should all keep in mind are the costs of construction materials and labor.  The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies in other parts of the world.  Additionally, the cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices.  Look for a contractor who gives a realistic price as well as time schedule.  

Once you have your property renovated, it’s time to market and sell.  I use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to list properties and build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.

I challenge you in 2012 to keep a watchful eye on your construction costs as well as use social networking/marketing to make your deals happen faster.  Always know InvestorCompsOnline is available to you to assist you each step of the way..

Happy Investing in 2012!!

Making YOUR New Year Bright!

As a real estate investor two of the greatest challenges we face is finding good real estate comps and finding the right network to help us grow our business successfully. With all of the different components we need for a thriving real estate team, I have found the ability to create a large network through social media has become a tremendous asset to my business.

What I have done is use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. 

One of the advantages of using social media is the ability for you to find specific information about targeted groups or individuals. For example, on Twitter I have an account that has several real estate investors in the country. Whenever I sell a property, I make sure that this list gets some extra tweets about the property, so all of my investors on the list have the chance to contact me.

On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.   I have have had the benefit of being able to build on these new found relationships for future deals.

The power of using social media for real estate is tremendous, so take advantage of the trends which are occurring across the nation and join real estate investors who are using social networking to create a better real estate investment environment.

 

2011 Going Out With Higher Costs!

I truly hope that each one of you enjoyed your time with family and friends during Christmas.  I wanted to step away from my typical real estate comps related topic today.  I wanted to share and excerpt from my local newspaper’s business section.  This is article should be interesting to all of us that buy and renovate or rehab properties.  It discusses one of our main expenses, building materials…..

…………When the economy was strong and construction was booming, prices for products such as lumber and drywall rose almost by the day.

After the economy crashed and construction went from a torrent to a trickle, contractors such as Ted Benning said they could count on those prices to routinely drop in line with the slacking demand.

The picture now, though, is starting to get murky.

Though the construction industry isn’t exactly booming, Benning and other Georgia contractors are seeing the cost of building products heading up again, and that could mean dollars won’t go quite as far for everything from public works projects to home renovations.

But indicators at a national level suggest the price increases that some local contractors are seeing could reverse slightly given global economic uncertainty.

“I think that the question of whether [price hikes] stick or not is a question of demand,” Benning said.

Ready-mix concrete and electrical wiring components are among the products suppliers have said could rise 5 percent to 10 percent in the new year, the president of Atlanta-based Benning Construction said.

The Atlanta Journal-Constitution recently reported Cobb County was seeing bids for school construction projects rise unexpectedly, though other metro counties weren’t seeing quite the same phenomenon.

The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies such as Brazil, China and India.

Bill Anderson, president of the Associated Builders and Contractors of Georgia, said his members have indicated they are seeing prices rise, but data from the national level indicate it might be a temporary trend.

Overall, construction prices dipped in November by 0.1 percent but are up 6.2 percent over last year, according to a report by Associated Builders and Contractors, citing government data.

Monthly steel prices have declined, though steel is still up 11.2 percent over November 2010, the report said. Petroleum, which affects the price of transporting commodities, is up 19.3 percent over a year ago.

The economies of Brazil, China and India are slowing, and the dollar is gaining some strength relative to the euro, the report said.

“There has continued to be downward pressure on commodity prices,” Anirban Basu, the chief economist for Associated Builders and Contractors, said in a Dec. 15 report. “This is likely to translate into additional declines in construction materials prices as we approach 2012 and beyond.

“However, the decline in construction materials prices is most welcome and may induce a larger number of projects to move forward than expected,” Basu said.

The cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices. But in some trades or locations, there’s less competition, Benning said, because some contractors who had bid for work at unsustainably low prices are now out of business.

The remaining players can charge higher rates, said Benning, whose firm builds shopping centers, educational facilities and other large projects. The costs of health care and other types of insurance also are rising.

For building material prices to soar, it would require stronger U.S. demand and a ramp-up of activity in emerging markets, said Conor McNally, chief development officer with the Atlanta-based real estate firm Carter. Carter has projects throughout the Southeast and Midwest, including a $600 million mixed-use project in Cincinnati.

McNally said his firm has seen isolated cases of price increases, but construction costs largely have stabilized.

The industry, he said, has seen sudden “blips” in prices as producers of building materials try to rationalize their supplies with wobbly demand.

The industry saw double-digit price inflation from 2003 to 2006 for supplies and labor, McNally said, which corrected with the fallout of the economy.

Bids for projects remain aggressive as there remains a lack of demand.

“We’re technically in recovery,” he said, “but it’s a slow and hard one.”

These are just a few insights that everyone may want to keep in mind as you are planning your rehab projects on your next property.

I wish you the best in investments!

MJ (Mark Jackson)

 

 

Merry Christmas To You!

As we prepare to celebrate the birth of Jesus Christ, many people are making plans to be with family.  I personally am excited about spending quality time with my wife, children, and grand-children.  I want to take a few moments to discuss real estate comps and a few more real estate investing highlights from this week.

REO properties, which are bank owned homes,  have many positive aspects.  The main benefit that comes to mind is buying homes at a discount.  In our depressed market – or a buyer’s market – home prices are usually below the assessed value.  This enables you, the buyer in this case, to use your InvestorCompsOnline access to research and decide on an offer price that helps you make your profit when you buy. 

Another way to make a profit on these foreclosed properties is by flipping.  To flip a property basically means to take the property and make upgrades or repairs before selling.  One of the greatest benefits of flipping houses for profit is the payoff is substantially larger – and the fact that you work on your own terms. However, with those benefits come the important realities such as hiring outside help in order to bring the property you purchased up to standards.  The goal would be to hire contractors at a good rate that still allows you both to profit.  Remember guys, always work with integrity and honesty and you will build a solid reputation.

As I close, I encourage you all to keep focused on projects that you are pursuing.  I hope my advice is helpful and useful in your day to day business deals.  I sincerely pray that each one of you has a blessed holiday with those you love!

MERRY CHRISTMAS!!!

A Christmas Gift – The ABC’s Of Real Estate

When you train with a responsible and competent mentor or coach real estate investment myths are dispelled.  Learning to decipher the truth from a myth can save you a lot of trouble and time.  We already know how important real estate comps are to our end profits.  I also wanted to share a few common myths which will help you during your learning curve:

Real estate investing is for the wealthy:  This is perhaps the biggest myth out there. There are a wide range of deals to negotiate, from $0 down to thousands of dollars down, which means there are deals all sizes available. What you need to do is research with your InvestorCompsOnline account and plan carefully.

Understand this guys,  many deals are done by people who work 9-5 jobs everyday. They may not take as great of a risk as someone wealthy, but there are still enough deals to spread around. Success in real estate investing is in your due diligence.

You need experience:  You may be envious of the people you see on those infomercials making a fortune in the real estate market, and you probably think it could never happen to you. They must have years of experience. But the truth is while those people may have been lucky, odds are they’re just savvy investors. If you learn as much as you can about investing in real estate and plan your next move carefully, you could easily join their ranks.

You need good credit:  Good credit helps, but you don’t need it to make money in real estate. There are so many creative ways to invest in real estate without ever looking at your credit. Again, you must learn your options and do your research.  I would, however, urge you to work on repairing your credit because it allows you even more options and more power when investing in real estate. 

It will not work in your area:  It works in EVERY area. True, it may work differently in some markets than in others, but there are investors making money in every city, every day of the week. You have to learn your market: the rents, the trends, the local customs, the bankers, the title companies, etc.There are many myths which keep very capable people from venturing in the world of real estate investing. Myths can actually cost you thousands of dollars if you do not know the truth. Don’t wait unitl 2012 to get the ball rolling, start this Christmas season and instead start 2012 on a strong footing.  Get help from InvestorCompsOnline‘s educational tools and support system  and learn the real truth as you begin your journey to successful real estate investing.

Monthly Archives: December 2011

Happy New Year To YOU!

As we prepare for the new year, we as investors know 2012 looks bright for us.  The prospect of all the different types of properties available are exciting to say the least.  Using solid real estate comps to decide which to go after is always a wise choice.

One thing we should all keep in mind are the costs of construction materials and labor.  The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies in other parts of the world.  Additionally, the cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices.  Look for a contractor who gives a realistic price as well as time schedule.  

Once you have your property renovated, it’s time to market and sell.  I use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to list properties and build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.

I challenge you in 2012 to keep a watchful eye on your construction costs as well as use social networking/marketing to make your deals happen faster.  Always know InvestorCompsOnline is available to you to assist you each step of the way..

Happy Investing in 2012!!

Making YOUR New Year Bright!

As a real estate investor two of the greatest challenges we face is finding good real estate comps and finding the right network to help us grow our business successfully. With all of the different components we need for a thriving real estate team, I have found the ability to create a large network through social media has become a tremendous asset to my business.

What I have done is use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. 

One of the advantages of using social media is the ability for you to find specific information about targeted groups or individuals. For example, on Twitter I have an account that has several real estate investors in the country. Whenever I sell a property, I make sure that this list gets some extra tweets about the property, so all of my investors on the list have the chance to contact me.

On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.   I have have had the benefit of being able to build on these new found relationships for future deals.

The power of using social media for real estate is tremendous, so take advantage of the trends which are occurring across the nation and join real estate investors who are using social networking to create a better real estate investment environment.

 

2011 Going Out With Higher Costs!

I truly hope that each one of you enjoyed your time with family and friends during Christmas.  I wanted to step away from my typical real estate comps related topic today.  I wanted to share and excerpt from my local newspaper’s business section.  This is article should be interesting to all of us that buy and renovate or rehab properties.  It discusses one of our main expenses, building materials…..

…………When the economy was strong and construction was booming, prices for products such as lumber and drywall rose almost by the day.

After the economy crashed and construction went from a torrent to a trickle, contractors such as Ted Benning said they could count on those prices to routinely drop in line with the slacking demand.

The picture now, though, is starting to get murky.

Though the construction industry isn’t exactly booming, Benning and other Georgia contractors are seeing the cost of building products heading up again, and that could mean dollars won’t go quite as far for everything from public works projects to home renovations.

But indicators at a national level suggest the price increases that some local contractors are seeing could reverse slightly given global economic uncertainty.

“I think that the question of whether [price hikes] stick or not is a question of demand,” Benning said.

Ready-mix concrete and electrical wiring components are among the products suppliers have said could rise 5 percent to 10 percent in the new year, the president of Atlanta-based Benning Construction said.

The Atlanta Journal-Constitution recently reported Cobb County was seeing bids for school construction projects rise unexpectedly, though other metro counties weren’t seeing quite the same phenomenon.

The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies such as Brazil, China and India.

Bill Anderson, president of the Associated Builders and Contractors of Georgia, said his members have indicated they are seeing prices rise, but data from the national level indicate it might be a temporary trend.

Overall, construction prices dipped in November by 0.1 percent but are up 6.2 percent over last year, according to a report by Associated Builders and Contractors, citing government data.

Monthly steel prices have declined, though steel is still up 11.2 percent over November 2010, the report said. Petroleum, which affects the price of transporting commodities, is up 19.3 percent over a year ago.

The economies of Brazil, China and India are slowing, and the dollar is gaining some strength relative to the euro, the report said.

“There has continued to be downward pressure on commodity prices,” Anirban Basu, the chief economist for Associated Builders and Contractors, said in a Dec. 15 report. “This is likely to translate into additional declines in construction materials prices as we approach 2012 and beyond.

“However, the decline in construction materials prices is most welcome and may induce a larger number of projects to move forward than expected,” Basu said.

The cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices. But in some trades or locations, there’s less competition, Benning said, because some contractors who had bid for work at unsustainably low prices are now out of business.

The remaining players can charge higher rates, said Benning, whose firm builds shopping centers, educational facilities and other large projects. The costs of health care and other types of insurance also are rising.

For building material prices to soar, it would require stronger U.S. demand and a ramp-up of activity in emerging markets, said Conor McNally, chief development officer with the Atlanta-based real estate firm Carter. Carter has projects throughout the Southeast and Midwest, including a $600 million mixed-use project in Cincinnati.

McNally said his firm has seen isolated cases of price increases, but construction costs largely have stabilized.

The industry, he said, has seen sudden “blips” in prices as producers of building materials try to rationalize their supplies with wobbly demand.

The industry saw double-digit price inflation from 2003 to 2006 for supplies and labor, McNally said, which corrected with the fallout of the economy.

Bids for projects remain aggressive as there remains a lack of demand.

“We’re technically in recovery,” he said, “but it’s a slow and hard one.”

These are just a few insights that everyone may want to keep in mind as you are planning your rehab projects on your next property.

I wish you the best in investments!

MJ (Mark Jackson)

 

 

Merry Christmas To You!

As we prepare to celebrate the birth of Jesus Christ, many people are making plans to be with family.  I personally am excited about spending quality time with my wife, children, and grand-children.  I want to take a few moments to discuss real estate comps and a few more real estate investing highlights from this week.

REO properties, which are bank owned homes,  have many positive aspects.  The main benefit that comes to mind is buying homes at a discount.  In our depressed market – or a buyer’s market – home prices are usually below the assessed value.  This enables you, the buyer in this case, to use your InvestorCompsOnline access to research and decide on an offer price that helps you make your profit when you buy. 

Another way to make a profit on these foreclosed properties is by flipping.  To flip a property basically means to take the property and make upgrades or repairs before selling.  One of the greatest benefits of flipping houses for profit is the payoff is substantially larger – and the fact that you work on your own terms. However, with those benefits come the important realities such as hiring outside help in order to bring the property you purchased up to standards.  The goal would be to hire contractors at a good rate that still allows you both to profit.  Remember guys, always work with integrity and honesty and you will build a solid reputation.

As I close, I encourage you all to keep focused on projects that you are pursuing.  I hope my advice is helpful and useful in your day to day business deals.  I sincerely pray that each one of you has a blessed holiday with those you love!

MERRY CHRISTMAS!!!

A Christmas Gift – The ABC’s Of Real Estate

When you train with a responsible and competent mentor or coach real estate investment myths are dispelled.  Learning to decipher the truth from a myth can save you a lot of trouble and time.  We already know how important real estate comps are to our end profits.  I also wanted to share a few common myths which will help you during your learning curve:

Real estate investing is for the wealthy:  This is perhaps the biggest myth out there. There are a wide range of deals to negotiate, from $0 down to thousands of dollars down, which means there are deals all sizes available. What you need to do is research with your InvestorCompsOnline account and plan carefully.

Understand this guys,  many deals are done by people who work 9-5 jobs everyday. They may not take as great of a risk as someone wealthy, but there are still enough deals to spread around. Success in real estate investing is in your due diligence.

You need experience:  You may be envious of the people you see on those infomercials making a fortune in the real estate market, and you probably think it could never happen to you. They must have years of experience. But the truth is while those people may have been lucky, odds are they’re just savvy investors. If you learn as much as you can about investing in real estate and plan your next move carefully, you could easily join their ranks.

You need good credit:  Good credit helps, but you don’t need it to make money in real estate. There are so many creative ways to invest in real estate without ever looking at your credit. Again, you must learn your options and do your research.  I would, however, urge you to work on repairing your credit because it allows you even more options and more power when investing in real estate. 

It will not work in your area:  It works in EVERY area. True, it may work differently in some markets than in others, but there are investors making money in every city, every day of the week. You have to learn your market: the rents, the trends, the local customs, the bankers, the title companies, etc.There are many myths which keep very capable people from venturing in the world of real estate investing. Myths can actually cost you thousands of dollars if you do not know the truth. Don’t wait unitl 2012 to get the ball rolling, start this Christmas season and instead start 2012 on a strong footing.  Get help from InvestorCompsOnline‘s educational tools and support system  and learn the real truth as you begin your journey to successful real estate investing.

Monthly Archives: December 2011

Happy New Year To YOU!

As we prepare for the new year, we as investors know 2012 looks bright for us.  The prospect of all the different types of properties available are exciting to say the least.  Using solid real estate comps to decide which to go after is always a wise choice.

One thing we should all keep in mind are the costs of construction materials and labor.  The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies in other parts of the world.  Additionally, the cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices.  Look for a contractor who gives a realistic price as well as time schedule.  

Once you have your property renovated, it’s time to market and sell.  I use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to list properties and build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.

I challenge you in 2012 to keep a watchful eye on your construction costs as well as use social networking/marketing to make your deals happen faster.  Always know InvestorCompsOnline is available to you to assist you each step of the way..

Happy Investing in 2012!!

Making YOUR New Year Bright!

As a real estate investor two of the greatest challenges we face is finding good real estate comps and finding the right network to help us grow our business successfully. With all of the different components we need for a thriving real estate team, I have found the ability to create a large network through social media has become a tremendous asset to my business.

What I have done is use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. 

One of the advantages of using social media is the ability for you to find specific information about targeted groups or individuals. For example, on Twitter I have an account that has several real estate investors in the country. Whenever I sell a property, I make sure that this list gets some extra tweets about the property, so all of my investors on the list have the chance to contact me.

On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.   I have have had the benefit of being able to build on these new found relationships for future deals.

The power of using social media for real estate is tremendous, so take advantage of the trends which are occurring across the nation and join real estate investors who are using social networking to create a better real estate investment environment.

 

2011 Going Out With Higher Costs!

I truly hope that each one of you enjoyed your time with family and friends during Christmas.  I wanted to step away from my typical real estate comps related topic today.  I wanted to share and excerpt from my local newspaper’s business section.  This is article should be interesting to all of us that buy and renovate or rehab properties.  It discusses one of our main expenses, building materials…..

…………When the economy was strong and construction was booming, prices for products such as lumber and drywall rose almost by the day.

After the economy crashed and construction went from a torrent to a trickle, contractors such as Ted Benning said they could count on those prices to routinely drop in line with the slacking demand.

The picture now, though, is starting to get murky.

Though the construction industry isn’t exactly booming, Benning and other Georgia contractors are seeing the cost of building products heading up again, and that could mean dollars won’t go quite as far for everything from public works projects to home renovations.

But indicators at a national level suggest the price increases that some local contractors are seeing could reverse slightly given global economic uncertainty.

“I think that the question of whether [price hikes] stick or not is a question of demand,” Benning said.

Ready-mix concrete and electrical wiring components are among the products suppliers have said could rise 5 percent to 10 percent in the new year, the president of Atlanta-based Benning Construction said.

The Atlanta Journal-Constitution recently reported Cobb County was seeing bids for school construction projects rise unexpectedly, though other metro counties weren’t seeing quite the same phenomenon.

The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies such as Brazil, China and India.

Bill Anderson, president of the Associated Builders and Contractors of Georgia, said his members have indicated they are seeing prices rise, but data from the national level indicate it might be a temporary trend.

Overall, construction prices dipped in November by 0.1 percent but are up 6.2 percent over last year, according to a report by Associated Builders and Contractors, citing government data.

Monthly steel prices have declined, though steel is still up 11.2 percent over November 2010, the report said. Petroleum, which affects the price of transporting commodities, is up 19.3 percent over a year ago.

The economies of Brazil, China and India are slowing, and the dollar is gaining some strength relative to the euro, the report said.

“There has continued to be downward pressure on commodity prices,” Anirban Basu, the chief economist for Associated Builders and Contractors, said in a Dec. 15 report. “This is likely to translate into additional declines in construction materials prices as we approach 2012 and beyond.

“However, the decline in construction materials prices is most welcome and may induce a larger number of projects to move forward than expected,” Basu said.

The cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices. But in some trades or locations, there’s less competition, Benning said, because some contractors who had bid for work at unsustainably low prices are now out of business.

The remaining players can charge higher rates, said Benning, whose firm builds shopping centers, educational facilities and other large projects. The costs of health care and other types of insurance also are rising.

For building material prices to soar, it would require stronger U.S. demand and a ramp-up of activity in emerging markets, said Conor McNally, chief development officer with the Atlanta-based real estate firm Carter. Carter has projects throughout the Southeast and Midwest, including a $600 million mixed-use project in Cincinnati.

McNally said his firm has seen isolated cases of price increases, but construction costs largely have stabilized.

The industry, he said, has seen sudden “blips” in prices as producers of building materials try to rationalize their supplies with wobbly demand.

The industry saw double-digit price inflation from 2003 to 2006 for supplies and labor, McNally said, which corrected with the fallout of the economy.

Bids for projects remain aggressive as there remains a lack of demand.

“We’re technically in recovery,” he said, “but it’s a slow and hard one.”

These are just a few insights that everyone may want to keep in mind as you are planning your rehab projects on your next property.

I wish you the best in investments!

MJ (Mark Jackson)

 

 

Merry Christmas To You!

As we prepare to celebrate the birth of Jesus Christ, many people are making plans to be with family.  I personally am excited about spending quality time with my wife, children, and grand-children.  I want to take a few moments to discuss real estate comps and a few more real estate investing highlights from this week.

REO properties, which are bank owned homes,  have many positive aspects.  The main benefit that comes to mind is buying homes at a discount.  In our depressed market – or a buyer’s market – home prices are usually below the assessed value.  This enables you, the buyer in this case, to use your InvestorCompsOnline access to research and decide on an offer price that helps you make your profit when you buy. 

Another way to make a profit on these foreclosed properties is by flipping.  To flip a property basically means to take the property and make upgrades or repairs before selling.  One of the greatest benefits of flipping houses for profit is the payoff is substantially larger – and the fact that you work on your own terms. However, with those benefits come the important realities such as hiring outside help in order to bring the property you purchased up to standards.  The goal would be to hire contractors at a good rate that still allows you both to profit.  Remember guys, always work with integrity and honesty and you will build a solid reputation.

As I close, I encourage you all to keep focused on projects that you are pursuing.  I hope my advice is helpful and useful in your day to day business deals.  I sincerely pray that each one of you has a blessed holiday with those you love!

MERRY CHRISTMAS!!!

A Christmas Gift – The ABC’s Of Real Estate

When you train with a responsible and competent mentor or coach real estate investment myths are dispelled.  Learning to decipher the truth from a myth can save you a lot of trouble and time.  We already know how important real estate comps are to our end profits.  I also wanted to share a few common myths which will help you during your learning curve:

Real estate investing is for the wealthy:  This is perhaps the biggest myth out there. There are a wide range of deals to negotiate, from $0 down to thousands of dollars down, which means there are deals all sizes available. What you need to do is research with your InvestorCompsOnline account and plan carefully.

Understand this guys,  many deals are done by people who work 9-5 jobs everyday. They may not take as great of a risk as someone wealthy, but there are still enough deals to spread around. Success in real estate investing is in your due diligence.

You need experience:  You may be envious of the people you see on those infomercials making a fortune in the real estate market, and you probably think it could never happen to you. They must have years of experience. But the truth is while those people may have been lucky, odds are they’re just savvy investors. If you learn as much as you can about investing in real estate and plan your next move carefully, you could easily join their ranks.

You need good credit:  Good credit helps, but you don’t need it to make money in real estate. There are so many creative ways to invest in real estate without ever looking at your credit. Again, you must learn your options and do your research.  I would, however, urge you to work on repairing your credit because it allows you even more options and more power when investing in real estate. 

It will not work in your area:  It works in EVERY area. True, it may work differently in some markets than in others, but there are investors making money in every city, every day of the week. You have to learn your market: the rents, the trends, the local customs, the bankers, the title companies, etc.There are many myths which keep very capable people from venturing in the world of real estate investing. Myths can actually cost you thousands of dollars if you do not know the truth. Don’t wait unitl 2012 to get the ball rolling, start this Christmas season and instead start 2012 on a strong footing.  Get help from InvestorCompsOnline‘s educational tools and support system  and learn the real truth as you begin your journey to successful real estate investing.

Monthly Archives: December 2011

Happy New Year To YOU!

As we prepare for the new year, we as investors know 2012 looks bright for us.  The prospect of all the different types of properties available are exciting to say the least.  Using solid real estate comps to decide which to go after is always a wise choice.

One thing we should all keep in mind are the costs of construction materials and labor.  The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies in other parts of the world.  Additionally, the cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices.  Look for a contractor who gives a realistic price as well as time schedule.  

Once you have your property renovated, it’s time to market and sell.  I use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to list properties and build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.

I challenge you in 2012 to keep a watchful eye on your construction costs as well as use social networking/marketing to make your deals happen faster.  Always know InvestorCompsOnline is available to you to assist you each step of the way..

Happy Investing in 2012!!

Making YOUR New Year Bright!

As a real estate investor two of the greatest challenges we face is finding good real estate comps and finding the right network to help us grow our business successfully. With all of the different components we need for a thriving real estate team, I have found the ability to create a large network through social media has become a tremendous asset to my business.

What I have done is use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. 

One of the advantages of using social media is the ability for you to find specific information about targeted groups or individuals. For example, on Twitter I have an account that has several real estate investors in the country. Whenever I sell a property, I make sure that this list gets some extra tweets about the property, so all of my investors on the list have the chance to contact me.

On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.   I have have had the benefit of being able to build on these new found relationships for future deals.

The power of using social media for real estate is tremendous, so take advantage of the trends which are occurring across the nation and join real estate investors who are using social networking to create a better real estate investment environment.

 

2011 Going Out With Higher Costs!

I truly hope that each one of you enjoyed your time with family and friends during Christmas.  I wanted to step away from my typical real estate comps related topic today.  I wanted to share and excerpt from my local newspaper’s business section.  This is article should be interesting to all of us that buy and renovate or rehab properties.  It discusses one of our main expenses, building materials…..

…………When the economy was strong and construction was booming, prices for products such as lumber and drywall rose almost by the day.

After the economy crashed and construction went from a torrent to a trickle, contractors such as Ted Benning said they could count on those prices to routinely drop in line with the slacking demand.

The picture now, though, is starting to get murky.

Though the construction industry isn’t exactly booming, Benning and other Georgia contractors are seeing the cost of building products heading up again, and that could mean dollars won’t go quite as far for everything from public works projects to home renovations.

But indicators at a national level suggest the price increases that some local contractors are seeing could reverse slightly given global economic uncertainty.

“I think that the question of whether [price hikes] stick or not is a question of demand,” Benning said.

Ready-mix concrete and electrical wiring components are among the products suppliers have said could rise 5 percent to 10 percent in the new year, the president of Atlanta-based Benning Construction said.

The Atlanta Journal-Constitution recently reported Cobb County was seeing bids for school construction projects rise unexpectedly, though other metro counties weren’t seeing quite the same phenomenon.

The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies such as Brazil, China and India.

Bill Anderson, president of the Associated Builders and Contractors of Georgia, said his members have indicated they are seeing prices rise, but data from the national level indicate it might be a temporary trend.

Overall, construction prices dipped in November by 0.1 percent but are up 6.2 percent over last year, according to a report by Associated Builders and Contractors, citing government data.

Monthly steel prices have declined, though steel is still up 11.2 percent over November 2010, the report said. Petroleum, which affects the price of transporting commodities, is up 19.3 percent over a year ago.

The economies of Brazil, China and India are slowing, and the dollar is gaining some strength relative to the euro, the report said.

“There has continued to be downward pressure on commodity prices,” Anirban Basu, the chief economist for Associated Builders and Contractors, said in a Dec. 15 report. “This is likely to translate into additional declines in construction materials prices as we approach 2012 and beyond.

“However, the decline in construction materials prices is most welcome and may induce a larger number of projects to move forward than expected,” Basu said.

The cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices. But in some trades or locations, there’s less competition, Benning said, because some contractors who had bid for work at unsustainably low prices are now out of business.

The remaining players can charge higher rates, said Benning, whose firm builds shopping centers, educational facilities and other large projects. The costs of health care and other types of insurance also are rising.

For building material prices to soar, it would require stronger U.S. demand and a ramp-up of activity in emerging markets, said Conor McNally, chief development officer with the Atlanta-based real estate firm Carter. Carter has projects throughout the Southeast and Midwest, including a $600 million mixed-use project in Cincinnati.

McNally said his firm has seen isolated cases of price increases, but construction costs largely have stabilized.

The industry, he said, has seen sudden “blips” in prices as producers of building materials try to rationalize their supplies with wobbly demand.

The industry saw double-digit price inflation from 2003 to 2006 for supplies and labor, McNally said, which corrected with the fallout of the economy.

Bids for projects remain aggressive as there remains a lack of demand.

“We’re technically in recovery,” he said, “but it’s a slow and hard one.”

These are just a few insights that everyone may want to keep in mind as you are planning your rehab projects on your next property.

I wish you the best in investments!

MJ (Mark Jackson)

 

 

Merry Christmas To You!

As we prepare to celebrate the birth of Jesus Christ, many people are making plans to be with family.  I personally am excited about spending quality time with my wife, children, and grand-children.  I want to take a few moments to discuss real estate comps and a few more real estate investing highlights from this week.

REO properties, which are bank owned homes,  have many positive aspects.  The main benefit that comes to mind is buying homes at a discount.  In our depressed market – or a buyer’s market – home prices are usually below the assessed value.  This enables you, the buyer in this case, to use your InvestorCompsOnline access to research and decide on an offer price that helps you make your profit when you buy. 

Another way to make a profit on these foreclosed properties is by flipping.  To flip a property basically means to take the property and make upgrades or repairs before selling.  One of the greatest benefits of flipping houses for profit is the payoff is substantially larger – and the fact that you work on your own terms. However, with those benefits come the important realities such as hiring outside help in order to bring the property you purchased up to standards.  The goal would be to hire contractors at a good rate that still allows you both to profit.  Remember guys, always work with integrity and honesty and you will build a solid reputation.

As I close, I encourage you all to keep focused on projects that you are pursuing.  I hope my advice is helpful and useful in your day to day business deals.  I sincerely pray that each one of you has a blessed holiday with those you love!

MERRY CHRISTMAS!!!

A Christmas Gift – The ABC’s Of Real Estate

When you train with a responsible and competent mentor or coach real estate investment myths are dispelled.  Learning to decipher the truth from a myth can save you a lot of trouble and time.  We already know how important real estate comps are to our end profits.  I also wanted to share a few common myths which will help you during your learning curve:

Real estate investing is for the wealthy:  This is perhaps the biggest myth out there. There are a wide range of deals to negotiate, from $0 down to thousands of dollars down, which means there are deals all sizes available. What you need to do is research with your InvestorCompsOnline account and plan carefully.

Understand this guys,  many deals are done by people who work 9-5 jobs everyday. They may not take as great of a risk as someone wealthy, but there are still enough deals to spread around. Success in real estate investing is in your due diligence.

You need experience:  You may be envious of the people you see on those infomercials making a fortune in the real estate market, and you probably think it could never happen to you. They must have years of experience. But the truth is while those people may have been lucky, odds are they’re just savvy investors. If you learn as much as you can about investing in real estate and plan your next move carefully, you could easily join their ranks.

You need good credit:  Good credit helps, but you don’t need it to make money in real estate. There are so many creative ways to invest in real estate without ever looking at your credit. Again, you must learn your options and do your research.  I would, however, urge you to work on repairing your credit because it allows you even more options and more power when investing in real estate. 

It will not work in your area:  It works in EVERY area. True, it may work differently in some markets than in others, but there are investors making money in every city, every day of the week. You have to learn your market: the rents, the trends, the local customs, the bankers, the title companies, etc.There are many myths which keep very capable people from venturing in the world of real estate investing. Myths can actually cost you thousands of dollars if you do not know the truth. Don’t wait unitl 2012 to get the ball rolling, start this Christmas season and instead start 2012 on a strong footing.  Get help from InvestorCompsOnline‘s educational tools and support system  and learn the real truth as you begin your journey to successful real estate investing.

Monthly Archives: December 2011

Happy New Year To YOU!

As we prepare for the new year, we as investors know 2012 looks bright for us.  The prospect of all the different types of properties available are exciting to say the least.  Using solid real estate comps to decide which to go after is always a wise choice.

One thing we should all keep in mind are the costs of construction materials and labor.  The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies in other parts of the world.  Additionally, the cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices.  Look for a contractor who gives a realistic price as well as time schedule.  

Once you have your property renovated, it’s time to market and sell.  I use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to list properties and build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.

I challenge you in 2012 to keep a watchful eye on your construction costs as well as use social networking/marketing to make your deals happen faster.  Always know InvestorCompsOnline is available to you to assist you each step of the way..

Happy Investing in 2012!!

Making YOUR New Year Bright!

As a real estate investor two of the greatest challenges we face is finding good real estate comps and finding the right network to help us grow our business successfully. With all of the different components we need for a thriving real estate team, I have found the ability to create a large network through social media has become a tremendous asset to my business.

What I have done is use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. 

One of the advantages of using social media is the ability for you to find specific information about targeted groups or individuals. For example, on Twitter I have an account that has several real estate investors in the country. Whenever I sell a property, I make sure that this list gets some extra tweets about the property, so all of my investors on the list have the chance to contact me.

On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.   I have have had the benefit of being able to build on these new found relationships for future deals.

The power of using social media for real estate is tremendous, so take advantage of the trends which are occurring across the nation and join real estate investors who are using social networking to create a better real estate investment environment.

 

2011 Going Out With Higher Costs!

I truly hope that each one of you enjoyed your time with family and friends during Christmas.  I wanted to step away from my typical real estate comps related topic today.  I wanted to share and excerpt from my local newspaper’s business section.  This is article should be interesting to all of us that buy and renovate or rehab properties.  It discusses one of our main expenses, building materials…..

…………When the economy was strong and construction was booming, prices for products such as lumber and drywall rose almost by the day.

After the economy crashed and construction went from a torrent to a trickle, contractors such as Ted Benning said they could count on those prices to routinely drop in line with the slacking demand.

The picture now, though, is starting to get murky.

Though the construction industry isn’t exactly booming, Benning and other Georgia contractors are seeing the cost of building products heading up again, and that could mean dollars won’t go quite as far for everything from public works projects to home renovations.

But indicators at a national level suggest the price increases that some local contractors are seeing could reverse slightly given global economic uncertainty.

“I think that the question of whether [price hikes] stick or not is a question of demand,” Benning said.

Ready-mix concrete and electrical wiring components are among the products suppliers have said could rise 5 percent to 10 percent in the new year, the president of Atlanta-based Benning Construction said.

The Atlanta Journal-Constitution recently reported Cobb County was seeing bids for school construction projects rise unexpectedly, though other metro counties weren’t seeing quite the same phenomenon.

The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies such as Brazil, China and India.

Bill Anderson, president of the Associated Builders and Contractors of Georgia, said his members have indicated they are seeing prices rise, but data from the national level indicate it might be a temporary trend.

Overall, construction prices dipped in November by 0.1 percent but are up 6.2 percent over last year, according to a report by Associated Builders and Contractors, citing government data.

Monthly steel prices have declined, though steel is still up 11.2 percent over November 2010, the report said. Petroleum, which affects the price of transporting commodities, is up 19.3 percent over a year ago.

The economies of Brazil, China and India are slowing, and the dollar is gaining some strength relative to the euro, the report said.

“There has continued to be downward pressure on commodity prices,” Anirban Basu, the chief economist for Associated Builders and Contractors, said in a Dec. 15 report. “This is likely to translate into additional declines in construction materials prices as we approach 2012 and beyond.

“However, the decline in construction materials prices is most welcome and may induce a larger number of projects to move forward than expected,” Basu said.

The cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices. But in some trades or locations, there’s less competition, Benning said, because some contractors who had bid for work at unsustainably low prices are now out of business.

The remaining players can charge higher rates, said Benning, whose firm builds shopping centers, educational facilities and other large projects. The costs of health care and other types of insurance also are rising.

For building material prices to soar, it would require stronger U.S. demand and a ramp-up of activity in emerging markets, said Conor McNally, chief development officer with the Atlanta-based real estate firm Carter. Carter has projects throughout the Southeast and Midwest, including a $600 million mixed-use project in Cincinnati.

McNally said his firm has seen isolated cases of price increases, but construction costs largely have stabilized.

The industry, he said, has seen sudden “blips” in prices as producers of building materials try to rationalize their supplies with wobbly demand.

The industry saw double-digit price inflation from 2003 to 2006 for supplies and labor, McNally said, which corrected with the fallout of the economy.

Bids for projects remain aggressive as there remains a lack of demand.

“We’re technically in recovery,” he said, “but it’s a slow and hard one.”

These are just a few insights that everyone may want to keep in mind as you are planning your rehab projects on your next property.

I wish you the best in investments!

MJ (Mark Jackson)

 

 

Merry Christmas To You!

As we prepare to celebrate the birth of Jesus Christ, many people are making plans to be with family.  I personally am excited about spending quality time with my wife, children, and grand-children.  I want to take a few moments to discuss real estate comps and a few more real estate investing highlights from this week.

REO properties, which are bank owned homes,  have many positive aspects.  The main benefit that comes to mind is buying homes at a discount.  In our depressed market – or a buyer’s market – home prices are usually below the assessed value.  This enables you, the buyer in this case, to use your InvestorCompsOnline access to research and decide on an offer price that helps you make your profit when you buy. 

Another way to make a profit on these foreclosed properties is by flipping.  To flip a property basically means to take the property and make upgrades or repairs before selling.  One of the greatest benefits of flipping houses for profit is the payoff is substantially larger – and the fact that you work on your own terms. However, with those benefits come the important realities such as hiring outside help in order to bring the property you purchased up to standards.  The goal would be to hire contractors at a good rate that still allows you both to profit.  Remember guys, always work with integrity and honesty and you will build a solid reputation.

As I close, I encourage you all to keep focused on projects that you are pursuing.  I hope my advice is helpful and useful in your day to day business deals.  I sincerely pray that each one of you has a blessed holiday with those you love!

MERRY CHRISTMAS!!!

A Christmas Gift – The ABC’s Of Real Estate

When you train with a responsible and competent mentor or coach real estate investment myths are dispelled.  Learning to decipher the truth from a myth can save you a lot of trouble and time.  We already know how important real estate comps are to our end profits.  I also wanted to share a few common myths which will help you during your learning curve:

Real estate investing is for the wealthy:  This is perhaps the biggest myth out there. There are a wide range of deals to negotiate, from $0 down to thousands of dollars down, which means there are deals all sizes available. What you need to do is research with your InvestorCompsOnline account and plan carefully.

Understand this guys,  many deals are done by people who work 9-5 jobs everyday. They may not take as great of a risk as someone wealthy, but there are still enough deals to spread around. Success in real estate investing is in your due diligence.

You need experience:  You may be envious of the people you see on those infomercials making a fortune in the real estate market, and you probably think it could never happen to you. They must have years of experience. But the truth is while those people may have been lucky, odds are they’re just savvy investors. If you learn as much as you can about investing in real estate and plan your next move carefully, you could easily join their ranks.

You need good credit:  Good credit helps, but you don’t need it to make money in real estate. There are so many creative ways to invest in real estate without ever looking at your credit. Again, you must learn your options and do your research.  I would, however, urge you to work on repairing your credit because it allows you even more options and more power when investing in real estate. 

It will not work in your area:  It works in EVERY area. True, it may work differently in some markets than in others, but there are investors making money in every city, every day of the week. You have to learn your market: the rents, the trends, the local customs, the bankers, the title companies, etc.There are many myths which keep very capable people from venturing in the world of real estate investing. Myths can actually cost you thousands of dollars if you do not know the truth. Don’t wait unitl 2012 to get the ball rolling, start this Christmas season and instead start 2012 on a strong footing.  Get help from InvestorCompsOnline‘s educational tools and support system  and learn the real truth as you begin your journey to successful real estate investing.

Monthly Archives: December 2011

Happy New Year To YOU!

As we prepare for the new year, we as investors know 2012 looks bright for us.  The prospect of all the different types of properties available are exciting to say the least.  Using solid real estate comps to decide which to go after is always a wise choice.

One thing we should all keep in mind are the costs of construction materials and labor.  The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies in other parts of the world.  Additionally, the cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices.  Look for a contractor who gives a realistic price as well as time schedule.  

Once you have your property renovated, it’s time to market and sell.  I use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to list properties and build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.

I challenge you in 2012 to keep a watchful eye on your construction costs as well as use social networking/marketing to make your deals happen faster.  Always know InvestorCompsOnline is available to you to assist you each step of the way..

Happy Investing in 2012!!

Making YOUR New Year Bright!

As a real estate investor two of the greatest challenges we face is finding good real estate comps and finding the right network to help us grow our business successfully. With all of the different components we need for a thriving real estate team, I have found the ability to create a large network through social media has become a tremendous asset to my business.

What I have done is use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. 

One of the advantages of using social media is the ability for you to find specific information about targeted groups or individuals. For example, on Twitter I have an account that has several real estate investors in the country. Whenever I sell a property, I make sure that this list gets some extra tweets about the property, so all of my investors on the list have the chance to contact me.

On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.   I have have had the benefit of being able to build on these new found relationships for future deals.

The power of using social media for real estate is tremendous, so take advantage of the trends which are occurring across the nation and join real estate investors who are using social networking to create a better real estate investment environment.

 

2011 Going Out With Higher Costs!

I truly hope that each one of you enjoyed your time with family and friends during Christmas.  I wanted to step away from my typical real estate comps related topic today.  I wanted to share and excerpt from my local newspaper’s business section.  This is article should be interesting to all of us that buy and renovate or rehab properties.  It discusses one of our main expenses, building materials…..

…………When the economy was strong and construction was booming, prices for products such as lumber and drywall rose almost by the day.

After the economy crashed and construction went from a torrent to a trickle, contractors such as Ted Benning said they could count on those prices to routinely drop in line with the slacking demand.

The picture now, though, is starting to get murky.

Though the construction industry isn’t exactly booming, Benning and other Georgia contractors are seeing the cost of building products heading up again, and that could mean dollars won’t go quite as far for everything from public works projects to home renovations.

But indicators at a national level suggest the price increases that some local contractors are seeing could reverse slightly given global economic uncertainty.

“I think that the question of whether [price hikes] stick or not is a question of demand,” Benning said.

Ready-mix concrete and electrical wiring components are among the products suppliers have said could rise 5 percent to 10 percent in the new year, the president of Atlanta-based Benning Construction said.

The Atlanta Journal-Constitution recently reported Cobb County was seeing bids for school construction projects rise unexpectedly, though other metro counties weren’t seeing quite the same phenomenon.

The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies such as Brazil, China and India.

Bill Anderson, president of the Associated Builders and Contractors of Georgia, said his members have indicated they are seeing prices rise, but data from the national level indicate it might be a temporary trend.

Overall, construction prices dipped in November by 0.1 percent but are up 6.2 percent over last year, according to a report by Associated Builders and Contractors, citing government data.

Monthly steel prices have declined, though steel is still up 11.2 percent over November 2010, the report said. Petroleum, which affects the price of transporting commodities, is up 19.3 percent over a year ago.

The economies of Brazil, China and India are slowing, and the dollar is gaining some strength relative to the euro, the report said.

“There has continued to be downward pressure on commodity prices,” Anirban Basu, the chief economist for Associated Builders and Contractors, said in a Dec. 15 report. “This is likely to translate into additional declines in construction materials prices as we approach 2012 and beyond.

“However, the decline in construction materials prices is most welcome and may induce a larger number of projects to move forward than expected,” Basu said.

The cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices. But in some trades or locations, there’s less competition, Benning said, because some contractors who had bid for work at unsustainably low prices are now out of business.

The remaining players can charge higher rates, said Benning, whose firm builds shopping centers, educational facilities and other large projects. The costs of health care and other types of insurance also are rising.

For building material prices to soar, it would require stronger U.S. demand and a ramp-up of activity in emerging markets, said Conor McNally, chief development officer with the Atlanta-based real estate firm Carter. Carter has projects throughout the Southeast and Midwest, including a $600 million mixed-use project in Cincinnati.

McNally said his firm has seen isolated cases of price increases, but construction costs largely have stabilized.

The industry, he said, has seen sudden “blips” in prices as producers of building materials try to rationalize their supplies with wobbly demand.

The industry saw double-digit price inflation from 2003 to 2006 for supplies and labor, McNally said, which corrected with the fallout of the economy.

Bids for projects remain aggressive as there remains a lack of demand.

“We’re technically in recovery,” he said, “but it’s a slow and hard one.”

These are just a few insights that everyone may want to keep in mind as you are planning your rehab projects on your next property.

I wish you the best in investments!

MJ (Mark Jackson)

 

 

Merry Christmas To You!

As we prepare to celebrate the birth of Jesus Christ, many people are making plans to be with family.  I personally am excited about spending quality time with my wife, children, and grand-children.  I want to take a few moments to discuss real estate comps and a few more real estate investing highlights from this week.

REO properties, which are bank owned homes,  have many positive aspects.  The main benefit that comes to mind is buying homes at a discount.  In our depressed market – or a buyer’s market – home prices are usually below the assessed value.  This enables you, the buyer in this case, to use your InvestorCompsOnline access to research and decide on an offer price that helps you make your profit when you buy. 

Another way to make a profit on these foreclosed properties is by flipping.  To flip a property basically means to take the property and make upgrades or repairs before selling.  One of the greatest benefits of flipping houses for profit is the payoff is substantially larger – and the fact that you work on your own terms. However, with those benefits come the important realities such as hiring outside help in order to bring the property you purchased up to standards.  The goal would be to hire contractors at a good rate that still allows you both to profit.  Remember guys, always work with integrity and honesty and you will build a solid reputation.

As I close, I encourage you all to keep focused on projects that you are pursuing.  I hope my advice is helpful and useful in your day to day business deals.  I sincerely pray that each one of you has a blessed holiday with those you love!

MERRY CHRISTMAS!!!

A Christmas Gift – The ABC’s Of Real Estate

When you train with a responsible and competent mentor or coach real estate investment myths are dispelled.  Learning to decipher the truth from a myth can save you a lot of trouble and time.  We already know how important real estate comps are to our end profits.  I also wanted to share a few common myths which will help you during your learning curve:

Real estate investing is for the wealthy:  This is perhaps the biggest myth out there. There are a wide range of deals to negotiate, from $0 down to thousands of dollars down, which means there are deals all sizes available. What you need to do is research with your InvestorCompsOnline account and plan carefully.

Understand this guys,  many deals are done by people who work 9-5 jobs everyday. They may not take as great of a risk as someone wealthy, but there are still enough deals to spread around. Success in real estate investing is in your due diligence.

You need experience:  You may be envious of the people you see on those infomercials making a fortune in the real estate market, and you probably think it could never happen to you. They must have years of experience. But the truth is while those people may have been lucky, odds are they’re just savvy investors. If you learn as much as you can about investing in real estate and plan your next move carefully, you could easily join their ranks.

You need good credit:  Good credit helps, but you don’t need it to make money in real estate. There are so many creative ways to invest in real estate without ever looking at your credit. Again, you must learn your options and do your research.  I would, however, urge you to work on repairing your credit because it allows you even more options and more power when investing in real estate. 

It will not work in your area:  It works in EVERY area. True, it may work differently in some markets than in others, but there are investors making money in every city, every day of the week. You have to learn your market: the rents, the trends, the local customs, the bankers, the title companies, etc.There are many myths which keep very capable people from venturing in the world of real estate investing. Myths can actually cost you thousands of dollars if you do not know the truth. Don’t wait unitl 2012 to get the ball rolling, start this Christmas season and instead start 2012 on a strong footing.  Get help from InvestorCompsOnline‘s educational tools and support system  and learn the real truth as you begin your journey to successful real estate investing.

Monthly Archives: December 2011

Happy New Year To YOU!

As we prepare for the new year, we as investors know 2012 looks bright for us.  The prospect of all the different types of properties available are exciting to say the least.  Using solid real estate comps to decide which to go after is always a wise choice.

One thing we should all keep in mind are the costs of construction materials and labor.  The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies in other parts of the world.  Additionally, the cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices.  Look for a contractor who gives a realistic price as well as time schedule.  

Once you have your property renovated, it’s time to market and sell.  I use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to list properties and build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.

I challenge you in 2012 to keep a watchful eye on your construction costs as well as use social networking/marketing to make your deals happen faster.  Always know InvestorCompsOnline is available to you to assist you each step of the way..

Happy Investing in 2012!!

Making YOUR New Year Bright!

As a real estate investor two of the greatest challenges we face is finding good real estate comps and finding the right network to help us grow our business successfully. With all of the different components we need for a thriving real estate team, I have found the ability to create a large network through social media has become a tremendous asset to my business.

What I have done is use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. 

One of the advantages of using social media is the ability for you to find specific information about targeted groups or individuals. For example, on Twitter I have an account that has several real estate investors in the country. Whenever I sell a property, I make sure that this list gets some extra tweets about the property, so all of my investors on the list have the chance to contact me.

On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.   I have have had the benefit of being able to build on these new found relationships for future deals.

The power of using social media for real estate is tremendous, so take advantage of the trends which are occurring across the nation and join real estate investors who are using social networking to create a better real estate investment environment.

 

2011 Going Out With Higher Costs!

I truly hope that each one of you enjoyed your time with family and friends during Christmas.  I wanted to step away from my typical real estate comps related topic today.  I wanted to share and excerpt from my local newspaper’s business section.  This is article should be interesting to all of us that buy and renovate or rehab properties.  It discusses one of our main expenses, building materials…..

…………When the economy was strong and construction was booming, prices for products such as lumber and drywall rose almost by the day.

After the economy crashed and construction went from a torrent to a trickle, contractors such as Ted Benning said they could count on those prices to routinely drop in line with the slacking demand.

The picture now, though, is starting to get murky.

Though the construction industry isn’t exactly booming, Benning and other Georgia contractors are seeing the cost of building products heading up again, and that could mean dollars won’t go quite as far for everything from public works projects to home renovations.

But indicators at a national level suggest the price increases that some local contractors are seeing could reverse slightly given global economic uncertainty.

“I think that the question of whether [price hikes] stick or not is a question of demand,” Benning said.

Ready-mix concrete and electrical wiring components are among the products suppliers have said could rise 5 percent to 10 percent in the new year, the president of Atlanta-based Benning Construction said.

The Atlanta Journal-Constitution recently reported Cobb County was seeing bids for school construction projects rise unexpectedly, though other metro counties weren’t seeing quite the same phenomenon.

The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies such as Brazil, China and India.

Bill Anderson, president of the Associated Builders and Contractors of Georgia, said his members have indicated they are seeing prices rise, but data from the national level indicate it might be a temporary trend.

Overall, construction prices dipped in November by 0.1 percent but are up 6.2 percent over last year, according to a report by Associated Builders and Contractors, citing government data.

Monthly steel prices have declined, though steel is still up 11.2 percent over November 2010, the report said. Petroleum, which affects the price of transporting commodities, is up 19.3 percent over a year ago.

The economies of Brazil, China and India are slowing, and the dollar is gaining some strength relative to the euro, the report said.

“There has continued to be downward pressure on commodity prices,” Anirban Basu, the chief economist for Associated Builders and Contractors, said in a Dec. 15 report. “This is likely to translate into additional declines in construction materials prices as we approach 2012 and beyond.

“However, the decline in construction materials prices is most welcome and may induce a larger number of projects to move forward than expected,” Basu said.

The cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices. But in some trades or locations, there’s less competition, Benning said, because some contractors who had bid for work at unsustainably low prices are now out of business.

The remaining players can charge higher rates, said Benning, whose firm builds shopping centers, educational facilities and other large projects. The costs of health care and other types of insurance also are rising.

For building material prices to soar, it would require stronger U.S. demand and a ramp-up of activity in emerging markets, said Conor McNally, chief development officer with the Atlanta-based real estate firm Carter. Carter has projects throughout the Southeast and Midwest, including a $600 million mixed-use project in Cincinnati.

McNally said his firm has seen isolated cases of price increases, but construction costs largely have stabilized.

The industry, he said, has seen sudden “blips” in prices as producers of building materials try to rationalize their supplies with wobbly demand.

The industry saw double-digit price inflation from 2003 to 2006 for supplies and labor, McNally said, which corrected with the fallout of the economy.

Bids for projects remain aggressive as there remains a lack of demand.

“We’re technically in recovery,” he said, “but it’s a slow and hard one.”

These are just a few insights that everyone may want to keep in mind as you are planning your rehab projects on your next property.

I wish you the best in investments!

MJ (Mark Jackson)

 

 

Merry Christmas To You!

As we prepare to celebrate the birth of Jesus Christ, many people are making plans to be with family.  I personally am excited about spending quality time with my wife, children, and grand-children.  I want to take a few moments to discuss real estate comps and a few more real estate investing highlights from this week.

REO properties, which are bank owned homes,  have many positive aspects.  The main benefit that comes to mind is buying homes at a discount.  In our depressed market – or a buyer’s market – home prices are usually below the assessed value.  This enables you, the buyer in this case, to use your InvestorCompsOnline access to research and decide on an offer price that helps you make your profit when you buy. 

Another way to make a profit on these foreclosed properties is by flipping.  To flip a property basically means to take the property and make upgrades or repairs before selling.  One of the greatest benefits of flipping houses for profit is the payoff is substantially larger – and the fact that you work on your own terms. However, with those benefits come the important realities such as hiring outside help in order to bring the property you purchased up to standards.  The goal would be to hire contractors at a good rate that still allows you both to profit.  Remember guys, always work with integrity and honesty and you will build a solid reputation.

As I close, I encourage you all to keep focused on projects that you are pursuing.  I hope my advice is helpful and useful in your day to day business deals.  I sincerely pray that each one of you has a blessed holiday with those you love!

MERRY CHRISTMAS!!!

A Christmas Gift – The ABC’s Of Real Estate

When you train with a responsible and competent mentor or coach real estate investment myths are dispelled.  Learning to decipher the truth from a myth can save you a lot of trouble and time.  We already know how important real estate comps are to our end profits.  I also wanted to share a few common myths which will help you during your learning curve:

Real estate investing is for the wealthy:  This is perhaps the biggest myth out there. There are a wide range of deals to negotiate, from $0 down to thousands of dollars down, which means there are deals all sizes available. What you need to do is research with your InvestorCompsOnline account and plan carefully.

Understand this guys,  many deals are done by people who work 9-5 jobs everyday. They may not take as great of a risk as someone wealthy, but there are still enough deals to spread around. Success in real estate investing is in your due diligence.

You need experience:  You may be envious of the people you see on those infomercials making a fortune in the real estate market, and you probably think it could never happen to you. They must have years of experience. But the truth is while those people may have been lucky, odds are they’re just savvy investors. If you learn as much as you can about investing in real estate and plan your next move carefully, you could easily join their ranks.

You need good credit:  Good credit helps, but you don’t need it to make money in real estate. There are so many creative ways to invest in real estate without ever looking at your credit. Again, you must learn your options and do your research.  I would, however, urge you to work on repairing your credit because it allows you even more options and more power when investing in real estate. 

It will not work in your area:  It works in EVERY area. True, it may work differently in some markets than in others, but there are investors making money in every city, every day of the week. You have to learn your market: the rents, the trends, the local customs, the bankers, the title companies, etc.There are many myths which keep very capable people from venturing in the world of real estate investing. Myths can actually cost you thousands of dollars if you do not know the truth. Don’t wait unitl 2012 to get the ball rolling, start this Christmas season and instead start 2012 on a strong footing.  Get help from InvestorCompsOnline‘s educational tools and support system  and learn the real truth as you begin your journey to successful real estate investing.

Monthly Archives: December 2011

Happy New Year To YOU!

As we prepare for the new year, we as investors know 2012 looks bright for us.  The prospect of all the different types of properties available are exciting to say the least.  Using solid real estate comps to decide which to go after is always a wise choice.

One thing we should all keep in mind are the costs of construction materials and labor.  The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies in other parts of the world.  Additionally, the cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices.  Look for a contractor who gives a realistic price as well as time schedule.  

Once you have your property renovated, it’s time to market and sell.  I use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to list properties and build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.

I challenge you in 2012 to keep a watchful eye on your construction costs as well as use social networking/marketing to make your deals happen faster.  Always know InvestorCompsOnline is available to you to assist you each step of the way..

Happy Investing in 2012!!

Making YOUR New Year Bright!

As a real estate investor two of the greatest challenges we face is finding good real estate comps and finding the right network to help us grow our business successfully. With all of the different components we need for a thriving real estate team, I have found the ability to create a large network through social media has become a tremendous asset to my business.

What I have done is use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. 

One of the advantages of using social media is the ability for you to find specific information about targeted groups or individuals. For example, on Twitter I have an account that has several real estate investors in the country. Whenever I sell a property, I make sure that this list gets some extra tweets about the property, so all of my investors on the list have the chance to contact me.

On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.   I have have had the benefit of being able to build on these new found relationships for future deals.

The power of using social media for real estate is tremendous, so take advantage of the trends which are occurring across the nation and join real estate investors who are using social networking to create a better real estate investment environment.

 

2011 Going Out With Higher Costs!

I truly hope that each one of you enjoyed your time with family and friends during Christmas.  I wanted to step away from my typical real estate comps related topic today.  I wanted to share and excerpt from my local newspaper’s business section.  This is article should be interesting to all of us that buy and renovate or rehab properties.  It discusses one of our main expenses, building materials…..

…………When the economy was strong and construction was booming, prices for products such as lumber and drywall rose almost by the day.

After the economy crashed and construction went from a torrent to a trickle, contractors such as Ted Benning said they could count on those prices to routinely drop in line with the slacking demand.

The picture now, though, is starting to get murky.

Though the construction industry isn’t exactly booming, Benning and other Georgia contractors are seeing the cost of building products heading up again, and that could mean dollars won’t go quite as far for everything from public works projects to home renovations.

But indicators at a national level suggest the price increases that some local contractors are seeing could reverse slightly given global economic uncertainty.

“I think that the question of whether [price hikes] stick or not is a question of demand,” Benning said.

Ready-mix concrete and electrical wiring components are among the products suppliers have said could rise 5 percent to 10 percent in the new year, the president of Atlanta-based Benning Construction said.

The Atlanta Journal-Constitution recently reported Cobb County was seeing bids for school construction projects rise unexpectedly, though other metro counties weren’t seeing quite the same phenomenon.

The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies such as Brazil, China and India.

Bill Anderson, president of the Associated Builders and Contractors of Georgia, said his members have indicated they are seeing prices rise, but data from the national level indicate it might be a temporary trend.

Overall, construction prices dipped in November by 0.1 percent but are up 6.2 percent over last year, according to a report by Associated Builders and Contractors, citing government data.

Monthly steel prices have declined, though steel is still up 11.2 percent over November 2010, the report said. Petroleum, which affects the price of transporting commodities, is up 19.3 percent over a year ago.

The economies of Brazil, China and India are slowing, and the dollar is gaining some strength relative to the euro, the report said.

“There has continued to be downward pressure on commodity prices,” Anirban Basu, the chief economist for Associated Builders and Contractors, said in a Dec. 15 report. “This is likely to translate into additional declines in construction materials prices as we approach 2012 and beyond.

“However, the decline in construction materials prices is most welcome and may induce a larger number of projects to move forward than expected,” Basu said.

The cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices. But in some trades or locations, there’s less competition, Benning said, because some contractors who had bid for work at unsustainably low prices are now out of business.

The remaining players can charge higher rates, said Benning, whose firm builds shopping centers, educational facilities and other large projects. The costs of health care and other types of insurance also are rising.

For building material prices to soar, it would require stronger U.S. demand and a ramp-up of activity in emerging markets, said Conor McNally, chief development officer with the Atlanta-based real estate firm Carter. Carter has projects throughout the Southeast and Midwest, including a $600 million mixed-use project in Cincinnati.

McNally said his firm has seen isolated cases of price increases, but construction costs largely have stabilized.

The industry, he said, has seen sudden “blips” in prices as producers of building materials try to rationalize their supplies with wobbly demand.

The industry saw double-digit price inflation from 2003 to 2006 for supplies and labor, McNally said, which corrected with the fallout of the economy.

Bids for projects remain aggressive as there remains a lack of demand.

“We’re technically in recovery,” he said, “but it’s a slow and hard one.”

These are just a few insights that everyone may want to keep in mind as you are planning your rehab projects on your next property.

I wish you the best in investments!

MJ (Mark Jackson)

 

 

Merry Christmas To You!

As we prepare to celebrate the birth of Jesus Christ, many people are making plans to be with family.  I personally am excited about spending quality time with my wife, children, and grand-children.  I want to take a few moments to discuss real estate comps and a few more real estate investing highlights from this week.

REO properties, which are bank owned homes,  have many positive aspects.  The main benefit that comes to mind is buying homes at a discount.  In our depressed market – or a buyer’s market – home prices are usually below the assessed value.  This enables you, the buyer in this case, to use your InvestorCompsOnline access to research and decide on an offer price that helps you make your profit when you buy. 

Another way to make a profit on these foreclosed properties is by flipping.  To flip a property basically means to take the property and make upgrades or repairs before selling.  One of the greatest benefits of flipping houses for profit is the payoff is substantially larger – and the fact that you work on your own terms. However, with those benefits come the important realities such as hiring outside help in order to bring the property you purchased up to standards.  The goal would be to hire contractors at a good rate that still allows you both to profit.  Remember guys, always work with integrity and honesty and you will build a solid reputation.

As I close, I encourage you all to keep focused on projects that you are pursuing.  I hope my advice is helpful and useful in your day to day business deals.  I sincerely pray that each one of you has a blessed holiday with those you love!

MERRY CHRISTMAS!!!

A Christmas Gift – The ABC’s Of Real Estate

When you train with a responsible and competent mentor or coach real estate investment myths are dispelled.  Learning to decipher the truth from a myth can save you a lot of trouble and time.  We already know how important real estate comps are to our end profits.  I also wanted to share a few common myths which will help you during your learning curve:

Real estate investing is for the wealthy:  This is perhaps the biggest myth out there. There are a wide range of deals to negotiate, from $0 down to thousands of dollars down, which means there are deals all sizes available. What you need to do is research with your InvestorCompsOnline account and plan carefully.

Understand this guys,  many deals are done by people who work 9-5 jobs everyday. They may not take as great of a risk as someone wealthy, but there are still enough deals to spread around. Success in real estate investing is in your due diligence.

You need experience:  You may be envious of the people you see on those infomercials making a fortune in the real estate market, and you probably think it could never happen to you. They must have years of experience. But the truth is while those people may have been lucky, odds are they’re just savvy investors. If you learn as much as you can about investing in real estate and plan your next move carefully, you could easily join their ranks.

You need good credit:  Good credit helps, but you don’t need it to make money in real estate. There are so many creative ways to invest in real estate without ever looking at your credit. Again, you must learn your options and do your research.  I would, however, urge you to work on repairing your credit because it allows you even more options and more power when investing in real estate. 

It will not work in your area:  It works in EVERY area. True, it may work differently in some markets than in others, but there are investors making money in every city, every day of the week. You have to learn your market: the rents, the trends, the local customs, the bankers, the title companies, etc.There are many myths which keep very capable people from venturing in the world of real estate investing. Myths can actually cost you thousands of dollars if you do not know the truth. Don’t wait unitl 2012 to get the ball rolling, start this Christmas season and instead start 2012 on a strong footing.  Get help from InvestorCompsOnline‘s educational tools and support system  and learn the real truth as you begin your journey to successful real estate investing.

Monthly Archives: December 2011

Happy New Year To YOU!

As we prepare for the new year, we as investors know 2012 looks bright for us.  The prospect of all the different types of properties available are exciting to say the least.  Using solid real estate comps to decide which to go after is always a wise choice.

One thing we should all keep in mind are the costs of construction materials and labor.  The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies in other parts of the world.  Additionally, the cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices.  Look for a contractor who gives a realistic price as well as time schedule.  

Once you have your property renovated, it’s time to market and sell.  I use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to list properties and build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.

I challenge you in 2012 to keep a watchful eye on your construction costs as well as use social networking/marketing to make your deals happen faster.  Always know InvestorCompsOnline is available to you to assist you each step of the way..

Happy Investing in 2012!!

Making YOUR New Year Bright!

As a real estate investor two of the greatest challenges we face is finding good real estate comps and finding the right network to help us grow our business successfully. With all of the different components we need for a thriving real estate team, I have found the ability to create a large network through social media has become a tremendous asset to my business.

What I have done is use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. 

One of the advantages of using social media is the ability for you to find specific information about targeted groups or individuals. For example, on Twitter I have an account that has several real estate investors in the country. Whenever I sell a property, I make sure that this list gets some extra tweets about the property, so all of my investors on the list have the chance to contact me.

On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.   I have have had the benefit of being able to build on these new found relationships for future deals.

The power of using social media for real estate is tremendous, so take advantage of the trends which are occurring across the nation and join real estate investors who are using social networking to create a better real estate investment environment.

 

2011 Going Out With Higher Costs!

I truly hope that each one of you enjoyed your time with family and friends during Christmas.  I wanted to step away from my typical real estate comps related topic today.  I wanted to share and excerpt from my local newspaper’s business section.  This is article should be interesting to all of us that buy and renovate or rehab properties.  It discusses one of our main expenses, building materials…..

…………When the economy was strong and construction was booming, prices for products such as lumber and drywall rose almost by the day.

After the economy crashed and construction went from a torrent to a trickle, contractors such as Ted Benning said they could count on those prices to routinely drop in line with the slacking demand.

The picture now, though, is starting to get murky.

Though the construction industry isn’t exactly booming, Benning and other Georgia contractors are seeing the cost of building products heading up again, and that could mean dollars won’t go quite as far for everything from public works projects to home renovations.

But indicators at a national level suggest the price increases that some local contractors are seeing could reverse slightly given global economic uncertainty.

“I think that the question of whether [price hikes] stick or not is a question of demand,” Benning said.

Ready-mix concrete and electrical wiring components are among the products suppliers have said could rise 5 percent to 10 percent in the new year, the president of Atlanta-based Benning Construction said.

The Atlanta Journal-Constitution recently reported Cobb County was seeing bids for school construction projects rise unexpectedly, though other metro counties weren’t seeing quite the same phenomenon.

The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies such as Brazil, China and India.

Bill Anderson, president of the Associated Builders and Contractors of Georgia, said his members have indicated they are seeing prices rise, but data from the national level indicate it might be a temporary trend.

Overall, construction prices dipped in November by 0.1 percent but are up 6.2 percent over last year, according to a report by Associated Builders and Contractors, citing government data.

Monthly steel prices have declined, though steel is still up 11.2 percent over November 2010, the report said. Petroleum, which affects the price of transporting commodities, is up 19.3 percent over a year ago.

The economies of Brazil, China and India are slowing, and the dollar is gaining some strength relative to the euro, the report said.

“There has continued to be downward pressure on commodity prices,” Anirban Basu, the chief economist for Associated Builders and Contractors, said in a Dec. 15 report. “This is likely to translate into additional declines in construction materials prices as we approach 2012 and beyond.

“However, the decline in construction materials prices is most welcome and may induce a larger number of projects to move forward than expected,” Basu said.

The cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices. But in some trades or locations, there’s less competition, Benning said, because some contractors who had bid for work at unsustainably low prices are now out of business.

The remaining players can charge higher rates, said Benning, whose firm builds shopping centers, educational facilities and other large projects. The costs of health care and other types of insurance also are rising.

For building material prices to soar, it would require stronger U.S. demand and a ramp-up of activity in emerging markets, said Conor McNally, chief development officer with the Atlanta-based real estate firm Carter. Carter has projects throughout the Southeast and Midwest, including a $600 million mixed-use project in Cincinnati.

McNally said his firm has seen isolated cases of price increases, but construction costs largely have stabilized.

The industry, he said, has seen sudden “blips” in prices as producers of building materials try to rationalize their supplies with wobbly demand.

The industry saw double-digit price inflation from 2003 to 2006 for supplies and labor, McNally said, which corrected with the fallout of the economy.

Bids for projects remain aggressive as there remains a lack of demand.

“We’re technically in recovery,” he said, “but it’s a slow and hard one.”

These are just a few insights that everyone may want to keep in mind as you are planning your rehab projects on your next property.

I wish you the best in investments!

MJ (Mark Jackson)

 

 

Merry Christmas To You!

As we prepare to celebrate the birth of Jesus Christ, many people are making plans to be with family.  I personally am excited about spending quality time with my wife, children, and grand-children.  I want to take a few moments to discuss real estate comps and a few more real estate investing highlights from this week.

REO properties, which are bank owned homes,  have many positive aspects.  The main benefit that comes to mind is buying homes at a discount.  In our depressed market – or a buyer’s market – home prices are usually below the assessed value.  This enables you, the buyer in this case, to use your InvestorCompsOnline access to research and decide on an offer price that helps you make your profit when you buy. 

Another way to make a profit on these foreclosed properties is by flipping.  To flip a property basically means to take the property and make upgrades or repairs before selling.  One of the greatest benefits of flipping houses for profit is the payoff is substantially larger – and the fact that you work on your own terms. However, with those benefits come the important realities such as hiring outside help in order to bring the property you purchased up to standards.  The goal would be to hire contractors at a good rate that still allows you both to profit.  Remember guys, always work with integrity and honesty and you will build a solid reputation.

As I close, I encourage you all to keep focused on projects that you are pursuing.  I hope my advice is helpful and useful in your day to day business deals.  I sincerely pray that each one of you has a blessed holiday with those you love!

MERRY CHRISTMAS!!!

A Christmas Gift – The ABC’s Of Real Estate

When you train with a responsible and competent mentor or coach real estate investment myths are dispelled.  Learning to decipher the truth from a myth can save you a lot of trouble and time.  We already know how important real estate comps are to our end profits.  I also wanted to share a few common myths which will help you during your learning curve:

Real estate investing is for the wealthy:  This is perhaps the biggest myth out there. There are a wide range of deals to negotiate, from $0 down to thousands of dollars down, which means there are deals all sizes available. What you need to do is research with your InvestorCompsOnline account and plan carefully.

Understand this guys,  many deals are done by people who work 9-5 jobs everyday. They may not take as great of a risk as someone wealthy, but there are still enough deals to spread around. Success in real estate investing is in your due diligence.

You need experience:  You may be envious of the people you see on those infomercials making a fortune in the real estate market, and you probably think it could never happen to you. They must have years of experience. But the truth is while those people may have been lucky, odds are they’re just savvy investors. If you learn as much as you can about investing in real estate and plan your next move carefully, you could easily join their ranks.

You need good credit:  Good credit helps, but you don’t need it to make money in real estate. There are so many creative ways to invest in real estate without ever looking at your credit. Again, you must learn your options and do your research.  I would, however, urge you to work on repairing your credit because it allows you even more options and more power when investing in real estate. 

It will not work in your area:  It works in EVERY area. True, it may work differently in some markets than in others, but there are investors making money in every city, every day of the week. You have to learn your market: the rents, the trends, the local customs, the bankers, the title companies, etc.There are many myths which keep very capable people from venturing in the world of real estate investing. Myths can actually cost you thousands of dollars if you do not know the truth. Don’t wait unitl 2012 to get the ball rolling, start this Christmas season and instead start 2012 on a strong footing.  Get help from InvestorCompsOnline‘s educational tools and support system  and learn the real truth as you begin your journey to successful real estate investing.

Monthly Archives: December 2011

Happy New Year To YOU!

As we prepare for the new year, we as investors know 2012 looks bright for us.  The prospect of all the different types of properties available are exciting to say the least.  Using solid real estate comps to decide which to go after is always a wise choice.

One thing we should all keep in mind are the costs of construction materials and labor.  The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies in other parts of the world.  Additionally, the cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices.  Look for a contractor who gives a realistic price as well as time schedule.  

Once you have your property renovated, it’s time to market and sell.  I use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to list properties and build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.

I challenge you in 2012 to keep a watchful eye on your construction costs as well as use social networking/marketing to make your deals happen faster.  Always know InvestorCompsOnline is available to you to assist you each step of the way..

Happy Investing in 2012!!

Making YOUR New Year Bright!

As a real estate investor two of the greatest challenges we face is finding good real estate comps and finding the right network to help us grow our business successfully. With all of the different components we need for a thriving real estate team, I have found the ability to create a large network through social media has become a tremendous asset to my business.

What I have done is use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. 

One of the advantages of using social media is the ability for you to find specific information about targeted groups or individuals. For example, on Twitter I have an account that has several real estate investors in the country. Whenever I sell a property, I make sure that this list gets some extra tweets about the property, so all of my investors on the list have the chance to contact me.

On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.   I have have had the benefit of being able to build on these new found relationships for future deals.

The power of using social media for real estate is tremendous, so take advantage of the trends which are occurring across the nation and join real estate investors who are using social networking to create a better real estate investment environment.

 

2011 Going Out With Higher Costs!

I truly hope that each one of you enjoyed your time with family and friends during Christmas.  I wanted to step away from my typical real estate comps related topic today.  I wanted to share and excerpt from my local newspaper’s business section.  This is article should be interesting to all of us that buy and renovate or rehab properties.  It discusses one of our main expenses, building materials…..

…………When the economy was strong and construction was booming, prices for products such as lumber and drywall rose almost by the day.

After the economy crashed and construction went from a torrent to a trickle, contractors such as Ted Benning said they could count on those prices to routinely drop in line with the slacking demand.

The picture now, though, is starting to get murky.

Though the construction industry isn’t exactly booming, Benning and other Georgia contractors are seeing the cost of building products heading up again, and that could mean dollars won’t go quite as far for everything from public works projects to home renovations.

But indicators at a national level suggest the price increases that some local contractors are seeing could reverse slightly given global economic uncertainty.

“I think that the question of whether [price hikes] stick or not is a question of demand,” Benning said.

Ready-mix concrete and electrical wiring components are among the products suppliers have said could rise 5 percent to 10 percent in the new year, the president of Atlanta-based Benning Construction said.

The Atlanta Journal-Constitution recently reported Cobb County was seeing bids for school construction projects rise unexpectedly, though other metro counties weren’t seeing quite the same phenomenon.

The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies such as Brazil, China and India.

Bill Anderson, president of the Associated Builders and Contractors of Georgia, said his members have indicated they are seeing prices rise, but data from the national level indicate it might be a temporary trend.

Overall, construction prices dipped in November by 0.1 percent but are up 6.2 percent over last year, according to a report by Associated Builders and Contractors, citing government data.

Monthly steel prices have declined, though steel is still up 11.2 percent over November 2010, the report said. Petroleum, which affects the price of transporting commodities, is up 19.3 percent over a year ago.

The economies of Brazil, China and India are slowing, and the dollar is gaining some strength relative to the euro, the report said.

“There has continued to be downward pressure on commodity prices,” Anirban Basu, the chief economist for Associated Builders and Contractors, said in a Dec. 15 report. “This is likely to translate into additional declines in construction materials prices as we approach 2012 and beyond.

“However, the decline in construction materials prices is most welcome and may induce a larger number of projects to move forward than expected,” Basu said.

The cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices. But in some trades or locations, there’s less competition, Benning said, because some contractors who had bid for work at unsustainably low prices are now out of business.

The remaining players can charge higher rates, said Benning, whose firm builds shopping centers, educational facilities and other large projects. The costs of health care and other types of insurance also are rising.

For building material prices to soar, it would require stronger U.S. demand and a ramp-up of activity in emerging markets, said Conor McNally, chief development officer with the Atlanta-based real estate firm Carter. Carter has projects throughout the Southeast and Midwest, including a $600 million mixed-use project in Cincinnati.

McNally said his firm has seen isolated cases of price increases, but construction costs largely have stabilized.

The industry, he said, has seen sudden “blips” in prices as producers of building materials try to rationalize their supplies with wobbly demand.

The industry saw double-digit price inflation from 2003 to 2006 for supplies and labor, McNally said, which corrected with the fallout of the economy.

Bids for projects remain aggressive as there remains a lack of demand.

“We’re technically in recovery,” he said, “but it’s a slow and hard one.”

These are just a few insights that everyone may want to keep in mind as you are planning your rehab projects on your next property.

I wish you the best in investments!

MJ (Mark Jackson)

 

 

Merry Christmas To You!

As we prepare to celebrate the birth of Jesus Christ, many people are making plans to be with family.  I personally am excited about spending quality time with my wife, children, and grand-children.  I want to take a few moments to discuss real estate comps and a few more real estate investing highlights from this week.

REO properties, which are bank owned homes,  have many positive aspects.  The main benefit that comes to mind is buying homes at a discount.  In our depressed market – or a buyer’s market – home prices are usually below the assessed value.  This enables you, the buyer in this case, to use your InvestorCompsOnline access to research and decide on an offer price that helps you make your profit when you buy. 

Another way to make a profit on these foreclosed properties is by flipping.  To flip a property basically means to take the property and make upgrades or repairs before selling.  One of the greatest benefits of flipping houses for profit is the payoff is substantially larger – and the fact that you work on your own terms. However, with those benefits come the important realities such as hiring outside help in order to bring the property you purchased up to standards.  The goal would be to hire contractors at a good rate that still allows you both to profit.  Remember guys, always work with integrity and honesty and you will build a solid reputation.

As I close, I encourage you all to keep focused on projects that you are pursuing.  I hope my advice is helpful and useful in your day to day business deals.  I sincerely pray that each one of you has a blessed holiday with those you love!

MERRY CHRISTMAS!!!

A Christmas Gift – The ABC’s Of Real Estate

When you train with a responsible and competent mentor or coach real estate investment myths are dispelled.  Learning to decipher the truth from a myth can save you a lot of trouble and time.  We already know how important real estate comps are to our end profits.  I also wanted to share a few common myths which will help you during your learning curve:

Real estate investing is for the wealthy:  This is perhaps the biggest myth out there. There are a wide range of deals to negotiate, from $0 down to thousands of dollars down, which means there are deals all sizes available. What you need to do is research with your InvestorCompsOnline account and plan carefully.

Understand this guys,  many deals are done by people who work 9-5 jobs everyday. They may not take as great of a risk as someone wealthy, but there are still enough deals to spread around. Success in real estate investing is in your due diligence.

You need experience:  You may be envious of the people you see on those infomercials making a fortune in the real estate market, and you probably think it could never happen to you. They must have years of experience. But the truth is while those people may have been lucky, odds are they’re just savvy investors. If you learn as much as you can about investing in real estate and plan your next move carefully, you could easily join their ranks.

You need good credit:  Good credit helps, but you don’t need it to make money in real estate. There are so many creative ways to invest in real estate without ever looking at your credit. Again, you must learn your options and do your research.  I would, however, urge you to work on repairing your credit because it allows you even more options and more power when investing in real estate. 

It will not work in your area:  It works in EVERY area. True, it may work differently in some markets than in others, but there are investors making money in every city, every day of the week. You have to learn your market: the rents, the trends, the local customs, the bankers, the title companies, etc.There are many myths which keep very capable people from venturing in the world of real estate investing. Myths can actually cost you thousands of dollars if you do not know the truth. Don’t wait unitl 2012 to get the ball rolling, start this Christmas season and instead start 2012 on a strong footing.  Get help from InvestorCompsOnline‘s educational tools and support system  and learn the real truth as you begin your journey to successful real estate investing.

Monthly Archives: December 2011

Happy New Year To YOU!

As we prepare for the new year, we as investors know 2012 looks bright for us.  The prospect of all the different types of properties available are exciting to say the least.  Using solid real estate comps to decide which to go after is always a wise choice.

One thing we should all keep in mind are the costs of construction materials and labor.  The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies in other parts of the world.  Additionally, the cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices.  Look for a contractor who gives a realistic price as well as time schedule.  

Once you have your property renovated, it’s time to market and sell.  I use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to list properties and build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.

I challenge you in 2012 to keep a watchful eye on your construction costs as well as use social networking/marketing to make your deals happen faster.  Always know InvestorCompsOnline is available to you to assist you each step of the way..

Happy Investing in 2012!!

Making YOUR New Year Bright!

As a real estate investor two of the greatest challenges we face is finding good real estate comps and finding the right network to help us grow our business successfully. With all of the different components we need for a thriving real estate team, I have found the ability to create a large network through social media has become a tremendous asset to my business.

What I have done is use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. 

One of the advantages of using social media is the ability for you to find specific information about targeted groups or individuals. For example, on Twitter I have an account that has several real estate investors in the country. Whenever I sell a property, I make sure that this list gets some extra tweets about the property, so all of my investors on the list have the chance to contact me.

On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.   I have have had the benefit of being able to build on these new found relationships for future deals.

The power of using social media for real estate is tremendous, so take advantage of the trends which are occurring across the nation and join real estate investors who are using social networking to create a better real estate investment environment.

 

2011 Going Out With Higher Costs!

I truly hope that each one of you enjoyed your time with family and friends during Christmas.  I wanted to step away from my typical real estate comps related topic today.  I wanted to share and excerpt from my local newspaper’s business section.  This is article should be interesting to all of us that buy and renovate or rehab properties.  It discusses one of our main expenses, building materials…..

…………When the economy was strong and construction was booming, prices for products such as lumber and drywall rose almost by the day.

After the economy crashed and construction went from a torrent to a trickle, contractors such as Ted Benning said they could count on those prices to routinely drop in line with the slacking demand.

The picture now, though, is starting to get murky.

Though the construction industry isn’t exactly booming, Benning and other Georgia contractors are seeing the cost of building products heading up again, and that could mean dollars won’t go quite as far for everything from public works projects to home renovations.

But indicators at a national level suggest the price increases that some local contractors are seeing could reverse slightly given global economic uncertainty.

“I think that the question of whether [price hikes] stick or not is a question of demand,” Benning said.

Ready-mix concrete and electrical wiring components are among the products suppliers have said could rise 5 percent to 10 percent in the new year, the president of Atlanta-based Benning Construction said.

The Atlanta Journal-Constitution recently reported Cobb County was seeing bids for school construction projects rise unexpectedly, though other metro counties weren’t seeing quite the same phenomenon.

The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies such as Brazil, China and India.

Bill Anderson, president of the Associated Builders and Contractors of Georgia, said his members have indicated they are seeing prices rise, but data from the national level indicate it might be a temporary trend.

Overall, construction prices dipped in November by 0.1 percent but are up 6.2 percent over last year, according to a report by Associated Builders and Contractors, citing government data.

Monthly steel prices have declined, though steel is still up 11.2 percent over November 2010, the report said. Petroleum, which affects the price of transporting commodities, is up 19.3 percent over a year ago.

The economies of Brazil, China and India are slowing, and the dollar is gaining some strength relative to the euro, the report said.

“There has continued to be downward pressure on commodity prices,” Anirban Basu, the chief economist for Associated Builders and Contractors, said in a Dec. 15 report. “This is likely to translate into additional declines in construction materials prices as we approach 2012 and beyond.

“However, the decline in construction materials prices is most welcome and may induce a larger number of projects to move forward than expected,” Basu said.

The cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices. But in some trades or locations, there’s less competition, Benning said, because some contractors who had bid for work at unsustainably low prices are now out of business.

The remaining players can charge higher rates, said Benning, whose firm builds shopping centers, educational facilities and other large projects. The costs of health care and other types of insurance also are rising.

For building material prices to soar, it would require stronger U.S. demand and a ramp-up of activity in emerging markets, said Conor McNally, chief development officer with the Atlanta-based real estate firm Carter. Carter has projects throughout the Southeast and Midwest, including a $600 million mixed-use project in Cincinnati.

McNally said his firm has seen isolated cases of price increases, but construction costs largely have stabilized.

The industry, he said, has seen sudden “blips” in prices as producers of building materials try to rationalize their supplies with wobbly demand.

The industry saw double-digit price inflation from 2003 to 2006 for supplies and labor, McNally said, which corrected with the fallout of the economy.

Bids for projects remain aggressive as there remains a lack of demand.

“We’re technically in recovery,” he said, “but it’s a slow and hard one.”

These are just a few insights that everyone may want to keep in mind as you are planning your rehab projects on your next property.

I wish you the best in investments!

MJ (Mark Jackson)

 

 

Merry Christmas To You!

As we prepare to celebrate the birth of Jesus Christ, many people are making plans to be with family.  I personally am excited about spending quality time with my wife, children, and grand-children.  I want to take a few moments to discuss real estate comps and a few more real estate investing highlights from this week.

REO properties, which are bank owned homes,  have many positive aspects.  The main benefit that comes to mind is buying homes at a discount.  In our depressed market – or a buyer’s market – home prices are usually below the assessed value.  This enables you, the buyer in this case, to use your InvestorCompsOnline access to research and decide on an offer price that helps you make your profit when you buy. 

Another way to make a profit on these foreclosed properties is by flipping.  To flip a property basically means to take the property and make upgrades or repairs before selling.  One of the greatest benefits of flipping houses for profit is the payoff is substantially larger – and the fact that you work on your own terms. However, with those benefits come the important realities such as hiring outside help in order to bring the property you purchased up to standards.  The goal would be to hire contractors at a good rate that still allows you both to profit.  Remember guys, always work with integrity and honesty and you will build a solid reputation.

As I close, I encourage you all to keep focused on projects that you are pursuing.  I hope my advice is helpful and useful in your day to day business deals.  I sincerely pray that each one of you has a blessed holiday with those you love!

MERRY CHRISTMAS!!!

A Christmas Gift – The ABC’s Of Real Estate

When you train with a responsible and competent mentor or coach real estate investment myths are dispelled.  Learning to decipher the truth from a myth can save you a lot of trouble and time.  We already know how important real estate comps are to our end profits.  I also wanted to share a few common myths which will help you during your learning curve:

Real estate investing is for the wealthy:  This is perhaps the biggest myth out there. There are a wide range of deals to negotiate, from $0 down to thousands of dollars down, which means there are deals all sizes available. What you need to do is research with your InvestorCompsOnline account and plan carefully.

Understand this guys,  many deals are done by people who work 9-5 jobs everyday. They may not take as great of a risk as someone wealthy, but there are still enough deals to spread around. Success in real estate investing is in your due diligence.

You need experience:  You may be envious of the people you see on those infomercials making a fortune in the real estate market, and you probably think it could never happen to you. They must have years of experience. But the truth is while those people may have been lucky, odds are they’re just savvy investors. If you learn as much as you can about investing in real estate and plan your next move carefully, you could easily join their ranks.

You need good credit:  Good credit helps, but you don’t need it to make money in real estate. There are so many creative ways to invest in real estate without ever looking at your credit. Again, you must learn your options and do your research.  I would, however, urge you to work on repairing your credit because it allows you even more options and more power when investing in real estate. 

It will not work in your area:  It works in EVERY area. True, it may work differently in some markets than in others, but there are investors making money in every city, every day of the week. You have to learn your market: the rents, the trends, the local customs, the bankers, the title companies, etc.There are many myths which keep very capable people from venturing in the world of real estate investing. Myths can actually cost you thousands of dollars if you do not know the truth. Don’t wait unitl 2012 to get the ball rolling, start this Christmas season and instead start 2012 on a strong footing.  Get help from InvestorCompsOnline‘s educational tools and support system  and learn the real truth as you begin your journey to successful real estate investing.

Monthly Archives: December 2011

Happy New Year To YOU!

As we prepare for the new year, we as investors know 2012 looks bright for us.  The prospect of all the different types of properties available are exciting to say the least.  Using solid real estate comps to decide which to go after is always a wise choice.

One thing we should all keep in mind are the costs of construction materials and labor.  The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies in other parts of the world.  Additionally, the cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices.  Look for a contractor who gives a realistic price as well as time schedule.  

Once you have your property renovated, it’s time to market and sell.  I use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to list properties and build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.

I challenge you in 2012 to keep a watchful eye on your construction costs as well as use social networking/marketing to make your deals happen faster.  Always know InvestorCompsOnline is available to you to assist you each step of the way..

Happy Investing in 2012!!

Making YOUR New Year Bright!

As a real estate investor two of the greatest challenges we face is finding good real estate comps and finding the right network to help us grow our business successfully. With all of the different components we need for a thriving real estate team, I have found the ability to create a large network through social media has become a tremendous asset to my business.

What I have done is use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. 

One of the advantages of using social media is the ability for you to find specific information about targeted groups or individuals. For example, on Twitter I have an account that has several real estate investors in the country. Whenever I sell a property, I make sure that this list gets some extra tweets about the property, so all of my investors on the list have the chance to contact me.

On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.   I have have had the benefit of being able to build on these new found relationships for future deals.

The power of using social media for real estate is tremendous, so take advantage of the trends which are occurring across the nation and join real estate investors who are using social networking to create a better real estate investment environment.

 

2011 Going Out With Higher Costs!

I truly hope that each one of you enjoyed your time with family and friends during Christmas.  I wanted to step away from my typical real estate comps related topic today.  I wanted to share and excerpt from my local newspaper’s business section.  This is article should be interesting to all of us that buy and renovate or rehab properties.  It discusses one of our main expenses, building materials…..

…………When the economy was strong and construction was booming, prices for products such as lumber and drywall rose almost by the day.

After the economy crashed and construction went from a torrent to a trickle, contractors such as Ted Benning said they could count on those prices to routinely drop in line with the slacking demand.

The picture now, though, is starting to get murky.

Though the construction industry isn’t exactly booming, Benning and other Georgia contractors are seeing the cost of building products heading up again, and that could mean dollars won’t go quite as far for everything from public works projects to home renovations.

But indicators at a national level suggest the price increases that some local contractors are seeing could reverse slightly given global economic uncertainty.

“I think that the question of whether [price hikes] stick or not is a question of demand,” Benning said.

Ready-mix concrete and electrical wiring components are among the products suppliers have said could rise 5 percent to 10 percent in the new year, the president of Atlanta-based Benning Construction said.

The Atlanta Journal-Constitution recently reported Cobb County was seeing bids for school construction projects rise unexpectedly, though other metro counties weren’t seeing quite the same phenomenon.

The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies such as Brazil, China and India.

Bill Anderson, president of the Associated Builders and Contractors of Georgia, said his members have indicated they are seeing prices rise, but data from the national level indicate it might be a temporary trend.

Overall, construction prices dipped in November by 0.1 percent but are up 6.2 percent over last year, according to a report by Associated Builders and Contractors, citing government data.

Monthly steel prices have declined, though steel is still up 11.2 percent over November 2010, the report said. Petroleum, which affects the price of transporting commodities, is up 19.3 percent over a year ago.

The economies of Brazil, China and India are slowing, and the dollar is gaining some strength relative to the euro, the report said.

“There has continued to be downward pressure on commodity prices,” Anirban Basu, the chief economist for Associated Builders and Contractors, said in a Dec. 15 report. “This is likely to translate into additional declines in construction materials prices as we approach 2012 and beyond.

“However, the decline in construction materials prices is most welcome and may induce a larger number of projects to move forward than expected,” Basu said.

The cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices. But in some trades or locations, there’s less competition, Benning said, because some contractors who had bid for work at unsustainably low prices are now out of business.

The remaining players can charge higher rates, said Benning, whose firm builds shopping centers, educational facilities and other large projects. The costs of health care and other types of insurance also are rising.

For building material prices to soar, it would require stronger U.S. demand and a ramp-up of activity in emerging markets, said Conor McNally, chief development officer with the Atlanta-based real estate firm Carter. Carter has projects throughout the Southeast and Midwest, including a $600 million mixed-use project in Cincinnati.

McNally said his firm has seen isolated cases of price increases, but construction costs largely have stabilized.

The industry, he said, has seen sudden “blips” in prices as producers of building materials try to rationalize their supplies with wobbly demand.

The industry saw double-digit price inflation from 2003 to 2006 for supplies and labor, McNally said, which corrected with the fallout of the economy.

Bids for projects remain aggressive as there remains a lack of demand.

“We’re technically in recovery,” he said, “but it’s a slow and hard one.”

These are just a few insights that everyone may want to keep in mind as you are planning your rehab projects on your next property.

I wish you the best in investments!

MJ (Mark Jackson)

 

 

Merry Christmas To You!

As we prepare to celebrate the birth of Jesus Christ, many people are making plans to be with family.  I personally am excited about spending quality time with my wife, children, and grand-children.  I want to take a few moments to discuss real estate comps and a few more real estate investing highlights from this week.

REO properties, which are bank owned homes,  have many positive aspects.  The main benefit that comes to mind is buying homes at a discount.  In our depressed market – or a buyer’s market – home prices are usually below the assessed value.  This enables you, the buyer in this case, to use your InvestorCompsOnline access to research and decide on an offer price that helps you make your profit when you buy. 

Another way to make a profit on these foreclosed properties is by flipping.  To flip a property basically means to take the property and make upgrades or repairs before selling.  One of the greatest benefits of flipping houses for profit is the payoff is substantially larger – and the fact that you work on your own terms. However, with those benefits come the important realities such as hiring outside help in order to bring the property you purchased up to standards.  The goal would be to hire contractors at a good rate that still allows you both to profit.  Remember guys, always work with integrity and honesty and you will build a solid reputation.

As I close, I encourage you all to keep focused on projects that you are pursuing.  I hope my advice is helpful and useful in your day to day business deals.  I sincerely pray that each one of you has a blessed holiday with those you love!

MERRY CHRISTMAS!!!

A Christmas Gift – The ABC’s Of Real Estate

When you train with a responsible and competent mentor or coach real estate investment myths are dispelled.  Learning to decipher the truth from a myth can save you a lot of trouble and time.  We already know how important real estate comps are to our end profits.  I also wanted to share a few common myths which will help you during your learning curve:

Real estate investing is for the wealthy:  This is perhaps the biggest myth out there. There are a wide range of deals to negotiate, from $0 down to thousands of dollars down, which means there are deals all sizes available. What you need to do is research with your InvestorCompsOnline account and plan carefully.

Understand this guys,  many deals are done by people who work 9-5 jobs everyday. They may not take as great of a risk as someone wealthy, but there are still enough deals to spread around. Success in real estate investing is in your due diligence.

You need experience:  You may be envious of the people you see on those infomercials making a fortune in the real estate market, and you probably think it could never happen to you. They must have years of experience. But the truth is while those people may have been lucky, odds are they’re just savvy investors. If you learn as much as you can about investing in real estate and plan your next move carefully, you could easily join their ranks.

You need good credit:  Good credit helps, but you don’t need it to make money in real estate. There are so many creative ways to invest in real estate without ever looking at your credit. Again, you must learn your options and do your research.  I would, however, urge you to work on repairing your credit because it allows you even more options and more power when investing in real estate. 

It will not work in your area:  It works in EVERY area. True, it may work differently in some markets than in others, but there are investors making money in every city, every day of the week. You have to learn your market: the rents, the trends, the local customs, the bankers, the title companies, etc.There are many myths which keep very capable people from venturing in the world of real estate investing. Myths can actually cost you thousands of dollars if you do not know the truth. Don’t wait unitl 2012 to get the ball rolling, start this Christmas season and instead start 2012 on a strong footing.  Get help from InvestorCompsOnline‘s educational tools and support system  and learn the real truth as you begin your journey to successful real estate investing.

Monthly Archives: December 2011

Happy New Year To YOU!

As we prepare for the new year, we as investors know 2012 looks bright for us.  The prospect of all the different types of properties available are exciting to say the least.  Using solid real estate comps to decide which to go after is always a wise choice.

One thing we should all keep in mind are the costs of construction materials and labor.  The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies in other parts of the world.  Additionally, the cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices.  Look for a contractor who gives a realistic price as well as time schedule.  

Once you have your property renovated, it’s time to market and sell.  I use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to list properties and build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.

I challenge you in 2012 to keep a watchful eye on your construction costs as well as use social networking/marketing to make your deals happen faster.  Always know InvestorCompsOnline is available to you to assist you each step of the way..

Happy Investing in 2012!!

Making YOUR New Year Bright!

As a real estate investor two of the greatest challenges we face is finding good real estate comps and finding the right network to help us grow our business successfully. With all of the different components we need for a thriving real estate team, I have found the ability to create a large network through social media has become a tremendous asset to my business.

What I have done is use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. 

One of the advantages of using social media is the ability for you to find specific information about targeted groups or individuals. For example, on Twitter I have an account that has several real estate investors in the country. Whenever I sell a property, I make sure that this list gets some extra tweets about the property, so all of my investors on the list have the chance to contact me.

On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.   I have have had the benefit of being able to build on these new found relationships for future deals.

The power of using social media for real estate is tremendous, so take advantage of the trends which are occurring across the nation and join real estate investors who are using social networking to create a better real estate investment environment.

 

2011 Going Out With Higher Costs!

I truly hope that each one of you enjoyed your time with family and friends during Christmas.  I wanted to step away from my typical real estate comps related topic today.  I wanted to share and excerpt from my local newspaper’s business section.  This is article should be interesting to all of us that buy and renovate or rehab properties.  It discusses one of our main expenses, building materials…..

…………When the economy was strong and construction was booming, prices for products such as lumber and drywall rose almost by the day.

After the economy crashed and construction went from a torrent to a trickle, contractors such as Ted Benning said they could count on those prices to routinely drop in line with the slacking demand.

The picture now, though, is starting to get murky.

Though the construction industry isn’t exactly booming, Benning and other Georgia contractors are seeing the cost of building products heading up again, and that could mean dollars won’t go quite as far for everything from public works projects to home renovations.

But indicators at a national level suggest the price increases that some local contractors are seeing could reverse slightly given global economic uncertainty.

“I think that the question of whether [price hikes] stick or not is a question of demand,” Benning said.

Ready-mix concrete and electrical wiring components are among the products suppliers have said could rise 5 percent to 10 percent in the new year, the president of Atlanta-based Benning Construction said.

The Atlanta Journal-Constitution recently reported Cobb County was seeing bids for school construction projects rise unexpectedly, though other metro counties weren’t seeing quite the same phenomenon.

The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies such as Brazil, China and India.

Bill Anderson, president of the Associated Builders and Contractors of Georgia, said his members have indicated they are seeing prices rise, but data from the national level indicate it might be a temporary trend.

Overall, construction prices dipped in November by 0.1 percent but are up 6.2 percent over last year, according to a report by Associated Builders and Contractors, citing government data.

Monthly steel prices have declined, though steel is still up 11.2 percent over November 2010, the report said. Petroleum, which affects the price of transporting commodities, is up 19.3 percent over a year ago.

The economies of Brazil, China and India are slowing, and the dollar is gaining some strength relative to the euro, the report said.

“There has continued to be downward pressure on commodity prices,” Anirban Basu, the chief economist for Associated Builders and Contractors, said in a Dec. 15 report. “This is likely to translate into additional declines in construction materials prices as we approach 2012 and beyond.

“However, the decline in construction materials prices is most welcome and may induce a larger number of projects to move forward than expected,” Basu said.

The cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices. But in some trades or locations, there’s less competition, Benning said, because some contractors who had bid for work at unsustainably low prices are now out of business.

The remaining players can charge higher rates, said Benning, whose firm builds shopping centers, educational facilities and other large projects. The costs of health care and other types of insurance also are rising.

For building material prices to soar, it would require stronger U.S. demand and a ramp-up of activity in emerging markets, said Conor McNally, chief development officer with the Atlanta-based real estate firm Carter. Carter has projects throughout the Southeast and Midwest, including a $600 million mixed-use project in Cincinnati.

McNally said his firm has seen isolated cases of price increases, but construction costs largely have stabilized.

The industry, he said, has seen sudden “blips” in prices as producers of building materials try to rationalize their supplies with wobbly demand.

The industry saw double-digit price inflation from 2003 to 2006 for supplies and labor, McNally said, which corrected with the fallout of the economy.

Bids for projects remain aggressive as there remains a lack of demand.

“We’re technically in recovery,” he said, “but it’s a slow and hard one.”

These are just a few insights that everyone may want to keep in mind as you are planning your rehab projects on your next property.

I wish you the best in investments!

MJ (Mark Jackson)

 

 

Merry Christmas To You!

As we prepare to celebrate the birth of Jesus Christ, many people are making plans to be with family.  I personally am excited about spending quality time with my wife, children, and grand-children.  I want to take a few moments to discuss real estate comps and a few more real estate investing highlights from this week.

REO properties, which are bank owned homes,  have many positive aspects.  The main benefit that comes to mind is buying homes at a discount.  In our depressed market – or a buyer’s market – home prices are usually below the assessed value.  This enables you, the buyer in this case, to use your InvestorCompsOnline access to research and decide on an offer price that helps you make your profit when you buy. 

Another way to make a profit on these foreclosed properties is by flipping.  To flip a property basically means to take the property and make upgrades or repairs before selling.  One of the greatest benefits of flipping houses for profit is the payoff is substantially larger – and the fact that you work on your own terms. However, with those benefits come the important realities such as hiring outside help in order to bring the property you purchased up to standards.  The goal would be to hire contractors at a good rate that still allows you both to profit.  Remember guys, always work with integrity and honesty and you will build a solid reputation.

As I close, I encourage you all to keep focused on projects that you are pursuing.  I hope my advice is helpful and useful in your day to day business deals.  I sincerely pray that each one of you has a blessed holiday with those you love!

MERRY CHRISTMAS!!!

A Christmas Gift – The ABC’s Of Real Estate

When you train with a responsible and competent mentor or coach real estate investment myths are dispelled.  Learning to decipher the truth from a myth can save you a lot of trouble and time.  We already know how important real estate comps are to our end profits.  I also wanted to share a few common myths which will help you during your learning curve:

Real estate investing is for the wealthy:  This is perhaps the biggest myth out there. There are a wide range of deals to negotiate, from $0 down to thousands of dollars down, which means there are deals all sizes available. What you need to do is research with your InvestorCompsOnline account and plan carefully.

Understand this guys,  many deals are done by people who work 9-5 jobs everyday. They may not take as great of a risk as someone wealthy, but there are still enough deals to spread around. Success in real estate investing is in your due diligence.

You need experience:  You may be envious of the people you see on those infomercials making a fortune in the real estate market, and you probably think it could never happen to you. They must have years of experience. But the truth is while those people may have been lucky, odds are they’re just savvy investors. If you learn as much as you can about investing in real estate and plan your next move carefully, you could easily join their ranks.

You need good credit:  Good credit helps, but you don’t need it to make money in real estate. There are so many creative ways to invest in real estate without ever looking at your credit. Again, you must learn your options and do your research.  I would, however, urge you to work on repairing your credit because it allows you even more options and more power when investing in real estate. 

It will not work in your area:  It works in EVERY area. True, it may work differently in some markets than in others, but there are investors making money in every city, every day of the week. You have to learn your market: the rents, the trends, the local customs, the bankers, the title companies, etc.There are many myths which keep very capable people from venturing in the world of real estate investing. Myths can actually cost you thousands of dollars if you do not know the truth. Don’t wait unitl 2012 to get the ball rolling, start this Christmas season and instead start 2012 on a strong footing.  Get help from InvestorCompsOnline‘s educational tools and support system  and learn the real truth as you begin your journey to successful real estate investing.

Monthly Archives: December 2011

Happy New Year To YOU!

As we prepare for the new year, we as investors know 2012 looks bright for us.  The prospect of all the different types of properties available are exciting to say the least.  Using solid real estate comps to decide which to go after is always a wise choice.

One thing we should all keep in mind are the costs of construction materials and labor.  The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies in other parts of the world.  Additionally, the cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices.  Look for a contractor who gives a realistic price as well as time schedule.  

Once you have your property renovated, it’s time to market and sell.  I use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to list properties and build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.

I challenge you in 2012 to keep a watchful eye on your construction costs as well as use social networking/marketing to make your deals happen faster.  Always know InvestorCompsOnline is available to you to assist you each step of the way..

Happy Investing in 2012!!

Making YOUR New Year Bright!

As a real estate investor two of the greatest challenges we face is finding good real estate comps and finding the right network to help us grow our business successfully. With all of the different components we need for a thriving real estate team, I have found the ability to create a large network through social media has become a tremendous asset to my business.

What I have done is use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. 

One of the advantages of using social media is the ability for you to find specific information about targeted groups or individuals. For example, on Twitter I have an account that has several real estate investors in the country. Whenever I sell a property, I make sure that this list gets some extra tweets about the property, so all of my investors on the list have the chance to contact me.

On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.   I have have had the benefit of being able to build on these new found relationships for future deals.

The power of using social media for real estate is tremendous, so take advantage of the trends which are occurring across the nation and join real estate investors who are using social networking to create a better real estate investment environment.

 

2011 Going Out With Higher Costs!

I truly hope that each one of you enjoyed your time with family and friends during Christmas.  I wanted to step away from my typical real estate comps related topic today.  I wanted to share and excerpt from my local newspaper’s business section.  This is article should be interesting to all of us that buy and renovate or rehab properties.  It discusses one of our main expenses, building materials…..

…………When the economy was strong and construction was booming, prices for products such as lumber and drywall rose almost by the day.

After the economy crashed and construction went from a torrent to a trickle, contractors such as Ted Benning said they could count on those prices to routinely drop in line with the slacking demand.

The picture now, though, is starting to get murky.

Though the construction industry isn’t exactly booming, Benning and other Georgia contractors are seeing the cost of building products heading up again, and that could mean dollars won’t go quite as far for everything from public works projects to home renovations.

But indicators at a national level suggest the price increases that some local contractors are seeing could reverse slightly given global economic uncertainty.

“I think that the question of whether [price hikes] stick or not is a question of demand,” Benning said.

Ready-mix concrete and electrical wiring components are among the products suppliers have said could rise 5 percent to 10 percent in the new year, the president of Atlanta-based Benning Construction said.

The Atlanta Journal-Constitution recently reported Cobb County was seeing bids for school construction projects rise unexpectedly, though other metro counties weren’t seeing quite the same phenomenon.

The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies such as Brazil, China and India.

Bill Anderson, president of the Associated Builders and Contractors of Georgia, said his members have indicated they are seeing prices rise, but data from the national level indicate it might be a temporary trend.

Overall, construction prices dipped in November by 0.1 percent but are up 6.2 percent over last year, according to a report by Associated Builders and Contractors, citing government data.

Monthly steel prices have declined, though steel is still up 11.2 percent over November 2010, the report said. Petroleum, which affects the price of transporting commodities, is up 19.3 percent over a year ago.

The economies of Brazil, China and India are slowing, and the dollar is gaining some strength relative to the euro, the report said.

“There has continued to be downward pressure on commodity prices,” Anirban Basu, the chief economist for Associated Builders and Contractors, said in a Dec. 15 report. “This is likely to translate into additional declines in construction materials prices as we approach 2012 and beyond.

“However, the decline in construction materials prices is most welcome and may induce a larger number of projects to move forward than expected,” Basu said.

The cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices. But in some trades or locations, there’s less competition, Benning said, because some contractors who had bid for work at unsustainably low prices are now out of business.

The remaining players can charge higher rates, said Benning, whose firm builds shopping centers, educational facilities and other large projects. The costs of health care and other types of insurance also are rising.

For building material prices to soar, it would require stronger U.S. demand and a ramp-up of activity in emerging markets, said Conor McNally, chief development officer with the Atlanta-based real estate firm Carter. Carter has projects throughout the Southeast and Midwest, including a $600 million mixed-use project in Cincinnati.

McNally said his firm has seen isolated cases of price increases, but construction costs largely have stabilized.

The industry, he said, has seen sudden “blips” in prices as producers of building materials try to rationalize their supplies with wobbly demand.

The industry saw double-digit price inflation from 2003 to 2006 for supplies and labor, McNally said, which corrected with the fallout of the economy.

Bids for projects remain aggressive as there remains a lack of demand.

“We’re technically in recovery,” he said, “but it’s a slow and hard one.”

These are just a few insights that everyone may want to keep in mind as you are planning your rehab projects on your next property.

I wish you the best in investments!

MJ (Mark Jackson)

 

 

Merry Christmas To You!

As we prepare to celebrate the birth of Jesus Christ, many people are making plans to be with family.  I personally am excited about spending quality time with my wife, children, and grand-children.  I want to take a few moments to discuss real estate comps and a few more real estate investing highlights from this week.

REO properties, which are bank owned homes,  have many positive aspects.  The main benefit that comes to mind is buying homes at a discount.  In our depressed market – or a buyer’s market – home prices are usually below the assessed value.  This enables you, the buyer in this case, to use your InvestorCompsOnline access to research and decide on an offer price that helps you make your profit when you buy. 

Another way to make a profit on these foreclosed properties is by flipping.  To flip a property basically means to take the property and make upgrades or repairs before selling.  One of the greatest benefits of flipping houses for profit is the payoff is substantially larger – and the fact that you work on your own terms. However, with those benefits come the important realities such as hiring outside help in order to bring the property you purchased up to standards.  The goal would be to hire contractors at a good rate that still allows you both to profit.  Remember guys, always work with integrity and honesty and you will build a solid reputation.

As I close, I encourage you all to keep focused on projects that you are pursuing.  I hope my advice is helpful and useful in your day to day business deals.  I sincerely pray that each one of you has a blessed holiday with those you love!

MERRY CHRISTMAS!!!

A Christmas Gift – The ABC’s Of Real Estate

When you train with a responsible and competent mentor or coach real estate investment myths are dispelled.  Learning to decipher the truth from a myth can save you a lot of trouble and time.  We already know how important real estate comps are to our end profits.  I also wanted to share a few common myths which will help you during your learning curve:

Real estate investing is for the wealthy:  This is perhaps the biggest myth out there. There are a wide range of deals to negotiate, from $0 down to thousands of dollars down, which means there are deals all sizes available. What you need to do is research with your InvestorCompsOnline account and plan carefully.

Understand this guys,  many deals are done by people who work 9-5 jobs everyday. They may not take as great of a risk as someone wealthy, but there are still enough deals to spread around. Success in real estate investing is in your due diligence.

You need experience:  You may be envious of the people you see on those infomercials making a fortune in the real estate market, and you probably think it could never happen to you. They must have years of experience. But the truth is while those people may have been lucky, odds are they’re just savvy investors. If you learn as much as you can about investing in real estate and plan your next move carefully, you could easily join their ranks.

You need good credit:  Good credit helps, but you don’t need it to make money in real estate. There are so many creative ways to invest in real estate without ever looking at your credit. Again, you must learn your options and do your research.  I would, however, urge you to work on repairing your credit because it allows you even more options and more power when investing in real estate. 

It will not work in your area:  It works in EVERY area. True, it may work differently in some markets than in others, but there are investors making money in every city, every day of the week. You have to learn your market: the rents, the trends, the local customs, the bankers, the title companies, etc.There are many myths which keep very capable people from venturing in the world of real estate investing. Myths can actually cost you thousands of dollars if you do not know the truth. Don’t wait unitl 2012 to get the ball rolling, start this Christmas season and instead start 2012 on a strong footing.  Get help from InvestorCompsOnline‘s educational tools and support system  and learn the real truth as you begin your journey to successful real estate investing.

Monthly Archives: December 2011

Happy New Year To YOU!

As we prepare for the new year, we as investors know 2012 looks bright for us.  The prospect of all the different types of properties available are exciting to say the least.  Using solid real estate comps to decide which to go after is always a wise choice.

One thing we should all keep in mind are the costs of construction materials and labor.  The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies in other parts of the world.  Additionally, the cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices.  Look for a contractor who gives a realistic price as well as time schedule.  

Once you have your property renovated, it’s time to market and sell.  I use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to list properties and build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.

I challenge you in 2012 to keep a watchful eye on your construction costs as well as use social networking/marketing to make your deals happen faster.  Always know InvestorCompsOnline is available to you to assist you each step of the way..

Happy Investing in 2012!!

Making YOUR New Year Bright!

As a real estate investor two of the greatest challenges we face is finding good real estate comps and finding the right network to help us grow our business successfully. With all of the different components we need for a thriving real estate team, I have found the ability to create a large network through social media has become a tremendous asset to my business.

What I have done is use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. 

One of the advantages of using social media is the ability for you to find specific information about targeted groups or individuals. For example, on Twitter I have an account that has several real estate investors in the country. Whenever I sell a property, I make sure that this list gets some extra tweets about the property, so all of my investors on the list have the chance to contact me.

On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.   I have have had the benefit of being able to build on these new found relationships for future deals.

The power of using social media for real estate is tremendous, so take advantage of the trends which are occurring across the nation and join real estate investors who are using social networking to create a better real estate investment environment.

 

2011 Going Out With Higher Costs!

I truly hope that each one of you enjoyed your time with family and friends during Christmas.  I wanted to step away from my typical real estate comps related topic today.  I wanted to share and excerpt from my local newspaper’s business section.  This is article should be interesting to all of us that buy and renovate or rehab properties.  It discusses one of our main expenses, building materials…..

…………When the economy was strong and construction was booming, prices for products such as lumber and drywall rose almost by the day.

After the economy crashed and construction went from a torrent to a trickle, contractors such as Ted Benning said they could count on those prices to routinely drop in line with the slacking demand.

The picture now, though, is starting to get murky.

Though the construction industry isn’t exactly booming, Benning and other Georgia contractors are seeing the cost of building products heading up again, and that could mean dollars won’t go quite as far for everything from public works projects to home renovations.

But indicators at a national level suggest the price increases that some local contractors are seeing could reverse slightly given global economic uncertainty.

“I think that the question of whether [price hikes] stick or not is a question of demand,” Benning said.

Ready-mix concrete and electrical wiring components are among the products suppliers have said could rise 5 percent to 10 percent in the new year, the president of Atlanta-based Benning Construction said.

The Atlanta Journal-Constitution recently reported Cobb County was seeing bids for school construction projects rise unexpectedly, though other metro counties weren’t seeing quite the same phenomenon.

The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies such as Brazil, China and India.

Bill Anderson, president of the Associated Builders and Contractors of Georgia, said his members have indicated they are seeing prices rise, but data from the national level indicate it might be a temporary trend.

Overall, construction prices dipped in November by 0.1 percent but are up 6.2 percent over last year, according to a report by Associated Builders and Contractors, citing government data.

Monthly steel prices have declined, though steel is still up 11.2 percent over November 2010, the report said. Petroleum, which affects the price of transporting commodities, is up 19.3 percent over a year ago.

The economies of Brazil, China and India are slowing, and the dollar is gaining some strength relative to the euro, the report said.

“There has continued to be downward pressure on commodity prices,” Anirban Basu, the chief economist for Associated Builders and Contractors, said in a Dec. 15 report. “This is likely to translate into additional declines in construction materials prices as we approach 2012 and beyond.

“However, the decline in construction materials prices is most welcome and may induce a larger number of projects to move forward than expected,” Basu said.

The cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices. But in some trades or locations, there’s less competition, Benning said, because some contractors who had bid for work at unsustainably low prices are now out of business.

The remaining players can charge higher rates, said Benning, whose firm builds shopping centers, educational facilities and other large projects. The costs of health care and other types of insurance also are rising.

For building material prices to soar, it would require stronger U.S. demand and a ramp-up of activity in emerging markets, said Conor McNally, chief development officer with the Atlanta-based real estate firm Carter. Carter has projects throughout the Southeast and Midwest, including a $600 million mixed-use project in Cincinnati.

McNally said his firm has seen isolated cases of price increases, but construction costs largely have stabilized.

The industry, he said, has seen sudden “blips” in prices as producers of building materials try to rationalize their supplies with wobbly demand.

The industry saw double-digit price inflation from 2003 to 2006 for supplies and labor, McNally said, which corrected with the fallout of the economy.

Bids for projects remain aggressive as there remains a lack of demand.

“We’re technically in recovery,” he said, “but it’s a slow and hard one.”

These are just a few insights that everyone may want to keep in mind as you are planning your rehab projects on your next property.

I wish you the best in investments!

MJ (Mark Jackson)

 

 

Merry Christmas To You!

As we prepare to celebrate the birth of Jesus Christ, many people are making plans to be with family.  I personally am excited about spending quality time with my wife, children, and grand-children.  I want to take a few moments to discuss real estate comps and a few more real estate investing highlights from this week.

REO properties, which are bank owned homes,  have many positive aspects.  The main benefit that comes to mind is buying homes at a discount.  In our depressed market – or a buyer’s market – home prices are usually below the assessed value.  This enables you, the buyer in this case, to use your InvestorCompsOnline access to research and decide on an offer price that helps you make your profit when you buy. 

Another way to make a profit on these foreclosed properties is by flipping.  To flip a property basically means to take the property and make upgrades or repairs before selling.  One of the greatest benefits of flipping houses for profit is the payoff is substantially larger – and the fact that you work on your own terms. However, with those benefits come the important realities such as hiring outside help in order to bring the property you purchased up to standards.  The goal would be to hire contractors at a good rate that still allows you both to profit.  Remember guys, always work with integrity and honesty and you will build a solid reputation.

As I close, I encourage you all to keep focused on projects that you are pursuing.  I hope my advice is helpful and useful in your day to day business deals.  I sincerely pray that each one of you has a blessed holiday with those you love!

MERRY CHRISTMAS!!!

A Christmas Gift – The ABC’s Of Real Estate

When you train with a responsible and competent mentor or coach real estate investment myths are dispelled.  Learning to decipher the truth from a myth can save you a lot of trouble and time.  We already know how important real estate comps are to our end profits.  I also wanted to share a few common myths which will help you during your learning curve:

Real estate investing is for the wealthy:  This is perhaps the biggest myth out there. There are a wide range of deals to negotiate, from $0 down to thousands of dollars down, which means there are deals all sizes available. What you need to do is research with your InvestorCompsOnline account and plan carefully.

Understand this guys,  many deals are done by people who work 9-5 jobs everyday. They may not take as great of a risk as someone wealthy, but there are still enough deals to spread around. Success in real estate investing is in your due diligence.

You need experience:  You may be envious of the people you see on those infomercials making a fortune in the real estate market, and you probably think it could never happen to you. They must have years of experience. But the truth is while those people may have been lucky, odds are they’re just savvy investors. If you learn as much as you can about investing in real estate and plan your next move carefully, you could easily join their ranks.

You need good credit:  Good credit helps, but you don’t need it to make money in real estate. There are so many creative ways to invest in real estate without ever looking at your credit. Again, you must learn your options and do your research.  I would, however, urge you to work on repairing your credit because it allows you even more options and more power when investing in real estate. 

It will not work in your area:  It works in EVERY area. True, it may work differently in some markets than in others, but there are investors making money in every city, every day of the week. You have to learn your market: the rents, the trends, the local customs, the bankers, the title companies, etc.There are many myths which keep very capable people from venturing in the world of real estate investing. Myths can actually cost you thousands of dollars if you do not know the truth. Don’t wait unitl 2012 to get the ball rolling, start this Christmas season and instead start 2012 on a strong footing.  Get help from InvestorCompsOnline‘s educational tools and support system  and learn the real truth as you begin your journey to successful real estate investing.

Monthly Archives: December 2011

Happy New Year To YOU!

As we prepare for the new year, we as investors know 2012 looks bright for us.  The prospect of all the different types of properties available are exciting to say the least.  Using solid real estate comps to decide which to go after is always a wise choice.

One thing we should all keep in mind are the costs of construction materials and labor.  The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies in other parts of the world.  Additionally, the cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices.  Look for a contractor who gives a realistic price as well as time schedule.  

Once you have your property renovated, it’s time to market and sell.  I use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to list properties and build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.

I challenge you in 2012 to keep a watchful eye on your construction costs as well as use social networking/marketing to make your deals happen faster.  Always know InvestorCompsOnline is available to you to assist you each step of the way..

Happy Investing in 2012!!

Making YOUR New Year Bright!

As a real estate investor two of the greatest challenges we face is finding good real estate comps and finding the right network to help us grow our business successfully. With all of the different components we need for a thriving real estate team, I have found the ability to create a large network through social media has become a tremendous asset to my business.

What I have done is use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. 

One of the advantages of using social media is the ability for you to find specific information about targeted groups or individuals. For example, on Twitter I have an account that has several real estate investors in the country. Whenever I sell a property, I make sure that this list gets some extra tweets about the property, so all of my investors on the list have the chance to contact me.

On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.   I have have had the benefit of being able to build on these new found relationships for future deals.

The power of using social media for real estate is tremendous, so take advantage of the trends which are occurring across the nation and join real estate investors who are using social networking to create a better real estate investment environment.

 

2011 Going Out With Higher Costs!

I truly hope that each one of you enjoyed your time with family and friends during Christmas.  I wanted to step away from my typical real estate comps related topic today.  I wanted to share and excerpt from my local newspaper’s business section.  This is article should be interesting to all of us that buy and renovate or rehab properties.  It discusses one of our main expenses, building materials…..

…………When the economy was strong and construction was booming, prices for products such as lumber and drywall rose almost by the day.

After the economy crashed and construction went from a torrent to a trickle, contractors such as Ted Benning said they could count on those prices to routinely drop in line with the slacking demand.

The picture now, though, is starting to get murky.

Though the construction industry isn’t exactly booming, Benning and other Georgia contractors are seeing the cost of building products heading up again, and that could mean dollars won’t go quite as far for everything from public works projects to home renovations.

But indicators at a national level suggest the price increases that some local contractors are seeing could reverse slightly given global economic uncertainty.

“I think that the question of whether [price hikes] stick or not is a question of demand,” Benning said.

Ready-mix concrete and electrical wiring components are among the products suppliers have said could rise 5 percent to 10 percent in the new year, the president of Atlanta-based Benning Construction said.

The Atlanta Journal-Constitution recently reported Cobb County was seeing bids for school construction projects rise unexpectedly, though other metro counties weren’t seeing quite the same phenomenon.

The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies such as Brazil, China and India.

Bill Anderson, president of the Associated Builders and Contractors of Georgia, said his members have indicated they are seeing prices rise, but data from the national level indicate it might be a temporary trend.

Overall, construction prices dipped in November by 0.1 percent but are up 6.2 percent over last year, according to a report by Associated Builders and Contractors, citing government data.

Monthly steel prices have declined, though steel is still up 11.2 percent over November 2010, the report said. Petroleum, which affects the price of transporting commodities, is up 19.3 percent over a year ago.

The economies of Brazil, China and India are slowing, and the dollar is gaining some strength relative to the euro, the report said.

“There has continued to be downward pressure on commodity prices,” Anirban Basu, the chief economist for Associated Builders and Contractors, said in a Dec. 15 report. “This is likely to translate into additional declines in construction materials prices as we approach 2012 and beyond.

“However, the decline in construction materials prices is most welcome and may induce a larger number of projects to move forward than expected,” Basu said.

The cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices. But in some trades or locations, there’s less competition, Benning said, because some contractors who had bid for work at unsustainably low prices are now out of business.

The remaining players can charge higher rates, said Benning, whose firm builds shopping centers, educational facilities and other large projects. The costs of health care and other types of insurance also are rising.

For building material prices to soar, it would require stronger U.S. demand and a ramp-up of activity in emerging markets, said Conor McNally, chief development officer with the Atlanta-based real estate firm Carter. Carter has projects throughout the Southeast and Midwest, including a $600 million mixed-use project in Cincinnati.

McNally said his firm has seen isolated cases of price increases, but construction costs largely have stabilized.

The industry, he said, has seen sudden “blips” in prices as producers of building materials try to rationalize their supplies with wobbly demand.

The industry saw double-digit price inflation from 2003 to 2006 for supplies and labor, McNally said, which corrected with the fallout of the economy.

Bids for projects remain aggressive as there remains a lack of demand.

“We’re technically in recovery,” he said, “but it’s a slow and hard one.”

These are just a few insights that everyone may want to keep in mind as you are planning your rehab projects on your next property.

I wish you the best in investments!

MJ (Mark Jackson)

 

 

Merry Christmas To You!

As we prepare to celebrate the birth of Jesus Christ, many people are making plans to be with family.  I personally am excited about spending quality time with my wife, children, and grand-children.  I want to take a few moments to discuss real estate comps and a few more real estate investing highlights from this week.

REO properties, which are bank owned homes,  have many positive aspects.  The main benefit that comes to mind is buying homes at a discount.  In our depressed market – or a buyer’s market – home prices are usually below the assessed value.  This enables you, the buyer in this case, to use your InvestorCompsOnline access to research and decide on an offer price that helps you make your profit when you buy. 

Another way to make a profit on these foreclosed properties is by flipping.  To flip a property basically means to take the property and make upgrades or repairs before selling.  One of the greatest benefits of flipping houses for profit is the payoff is substantially larger – and the fact that you work on your own terms. However, with those benefits come the important realities such as hiring outside help in order to bring the property you purchased up to standards.  The goal would be to hire contractors at a good rate that still allows you both to profit.  Remember guys, always work with integrity and honesty and you will build a solid reputation.

As I close, I encourage you all to keep focused on projects that you are pursuing.  I hope my advice is helpful and useful in your day to day business deals.  I sincerely pray that each one of you has a blessed holiday with those you love!

MERRY CHRISTMAS!!!

A Christmas Gift – The ABC’s Of Real Estate

When you train with a responsible and competent mentor or coach real estate investment myths are dispelled.  Learning to decipher the truth from a myth can save you a lot of trouble and time.  We already know how important real estate comps are to our end profits.  I also wanted to share a few common myths which will help you during your learning curve:

Real estate investing is for the wealthy:  This is perhaps the biggest myth out there. There are a wide range of deals to negotiate, from $0 down to thousands of dollars down, which means there are deals all sizes available. What you need to do is research with your InvestorCompsOnline account and plan carefully.

Understand this guys,  many deals are done by people who work 9-5 jobs everyday. They may not take as great of a risk as someone wealthy, but there are still enough deals to spread around. Success in real estate investing is in your due diligence.

You need experience:  You may be envious of the people you see on those infomercials making a fortune in the real estate market, and you probably think it could never happen to you. They must have years of experience. But the truth is while those people may have been lucky, odds are they’re just savvy investors. If you learn as much as you can about investing in real estate and plan your next move carefully, you could easily join their ranks.

You need good credit:  Good credit helps, but you don’t need it to make money in real estate. There are so many creative ways to invest in real estate without ever looking at your credit. Again, you must learn your options and do your research.  I would, however, urge you to work on repairing your credit because it allows you even more options and more power when investing in real estate. 

It will not work in your area:  It works in EVERY area. True, it may work differently in some markets than in others, but there are investors making money in every city, every day of the week. You have to learn your market: the rents, the trends, the local customs, the bankers, the title companies, etc.There are many myths which keep very capable people from venturing in the world of real estate investing. Myths can actually cost you thousands of dollars if you do not know the truth. Don’t wait unitl 2012 to get the ball rolling, start this Christmas season and instead start 2012 on a strong footing.  Get help from InvestorCompsOnline‘s educational tools and support system  and learn the real truth as you begin your journey to successful real estate investing.

Monthly Archives: December 2011

Happy New Year To YOU!

As we prepare for the new year, we as investors know 2012 looks bright for us.  The prospect of all the different types of properties available are exciting to say the least.  Using solid real estate comps to decide which to go after is always a wise choice.

One thing we should all keep in mind are the costs of construction materials and labor.  The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies in other parts of the world.  Additionally, the cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices.  Look for a contractor who gives a realistic price as well as time schedule.  

Once you have your property renovated, it’s time to market and sell.  I use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to list properties and build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.

I challenge you in 2012 to keep a watchful eye on your construction costs as well as use social networking/marketing to make your deals happen faster.  Always know InvestorCompsOnline is available to you to assist you each step of the way..

Happy Investing in 2012!!

Making YOUR New Year Bright!

As a real estate investor two of the greatest challenges we face is finding good real estate comps and finding the right network to help us grow our business successfully. With all of the different components we need for a thriving real estate team, I have found the ability to create a large network through social media has become a tremendous asset to my business.

What I have done is use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. 

One of the advantages of using social media is the ability for you to find specific information about targeted groups or individuals. For example, on Twitter I have an account that has several real estate investors in the country. Whenever I sell a property, I make sure that this list gets some extra tweets about the property, so all of my investors on the list have the chance to contact me.

On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.   I have have had the benefit of being able to build on these new found relationships for future deals.

The power of using social media for real estate is tremendous, so take advantage of the trends which are occurring across the nation and join real estate investors who are using social networking to create a better real estate investment environment.

 

2011 Going Out With Higher Costs!

I truly hope that each one of you enjoyed your time with family and friends during Christmas.  I wanted to step away from my typical real estate comps related topic today.  I wanted to share and excerpt from my local newspaper’s business section.  This is article should be interesting to all of us that buy and renovate or rehab properties.  It discusses one of our main expenses, building materials…..

…………When the economy was strong and construction was booming, prices for products such as lumber and drywall rose almost by the day.

After the economy crashed and construction went from a torrent to a trickle, contractors such as Ted Benning said they could count on those prices to routinely drop in line with the slacking demand.

The picture now, though, is starting to get murky.

Though the construction industry isn’t exactly booming, Benning and other Georgia contractors are seeing the cost of building products heading up again, and that could mean dollars won’t go quite as far for everything from public works projects to home renovations.

But indicators at a national level suggest the price increases that some local contractors are seeing could reverse slightly given global economic uncertainty.

“I think that the question of whether [price hikes] stick or not is a question of demand,” Benning said.

Ready-mix concrete and electrical wiring components are among the products suppliers have said could rise 5 percent to 10 percent in the new year, the president of Atlanta-based Benning Construction said.

The Atlanta Journal-Constitution recently reported Cobb County was seeing bids for school construction projects rise unexpectedly, though other metro counties weren’t seeing quite the same phenomenon.

The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies such as Brazil, China and India.

Bill Anderson, president of the Associated Builders and Contractors of Georgia, said his members have indicated they are seeing prices rise, but data from the national level indicate it might be a temporary trend.

Overall, construction prices dipped in November by 0.1 percent but are up 6.2 percent over last year, according to a report by Associated Builders and Contractors, citing government data.

Monthly steel prices have declined, though steel is still up 11.2 percent over November 2010, the report said. Petroleum, which affects the price of transporting commodities, is up 19.3 percent over a year ago.

The economies of Brazil, China and India are slowing, and the dollar is gaining some strength relative to the euro, the report said.

“There has continued to be downward pressure on commodity prices,” Anirban Basu, the chief economist for Associated Builders and Contractors, said in a Dec. 15 report. “This is likely to translate into additional declines in construction materials prices as we approach 2012 and beyond.

“However, the decline in construction materials prices is most welcome and may induce a larger number of projects to move forward than expected,” Basu said.

The cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices. But in some trades or locations, there’s less competition, Benning said, because some contractors who had bid for work at unsustainably low prices are now out of business.

The remaining players can charge higher rates, said Benning, whose firm builds shopping centers, educational facilities and other large projects. The costs of health care and other types of insurance also are rising.

For building material prices to soar, it would require stronger U.S. demand and a ramp-up of activity in emerging markets, said Conor McNally, chief development officer with the Atlanta-based real estate firm Carter. Carter has projects throughout the Southeast and Midwest, including a $600 million mixed-use project in Cincinnati.

McNally said his firm has seen isolated cases of price increases, but construction costs largely have stabilized.

The industry, he said, has seen sudden “blips” in prices as producers of building materials try to rationalize their supplies with wobbly demand.

The industry saw double-digit price inflation from 2003 to 2006 for supplies and labor, McNally said, which corrected with the fallout of the economy.

Bids for projects remain aggressive as there remains a lack of demand.

“We’re technically in recovery,” he said, “but it’s a slow and hard one.”

These are just a few insights that everyone may want to keep in mind as you are planning your rehab projects on your next property.

I wish you the best in investments!

MJ (Mark Jackson)

 

 

Merry Christmas To You!

As we prepare to celebrate the birth of Jesus Christ, many people are making plans to be with family.  I personally am excited about spending quality time with my wife, children, and grand-children.  I want to take a few moments to discuss real estate comps and a few more real estate investing highlights from this week.

REO properties, which are bank owned homes,  have many positive aspects.  The main benefit that comes to mind is buying homes at a discount.  In our depressed market – or a buyer’s market – home prices are usually below the assessed value.  This enables you, the buyer in this case, to use your InvestorCompsOnline access to research and decide on an offer price that helps you make your profit when you buy. 

Another way to make a profit on these foreclosed properties is by flipping.  To flip a property basically means to take the property and make upgrades or repairs before selling.  One of the greatest benefits of flipping houses for profit is the payoff is substantially larger – and the fact that you work on your own terms. However, with those benefits come the important realities such as hiring outside help in order to bring the property you purchased up to standards.  The goal would be to hire contractors at a good rate that still allows you both to profit.  Remember guys, always work with integrity and honesty and you will build a solid reputation.

As I close, I encourage you all to keep focused on projects that you are pursuing.  I hope my advice is helpful and useful in your day to day business deals.  I sincerely pray that each one of you has a blessed holiday with those you love!

MERRY CHRISTMAS!!!

A Christmas Gift – The ABC’s Of Real Estate

When you train with a responsible and competent mentor or coach real estate investment myths are dispelled.  Learning to decipher the truth from a myth can save you a lot of trouble and time.  We already know how important real estate comps are to our end profits.  I also wanted to share a few common myths which will help you during your learning curve:

Real estate investing is for the wealthy:  This is perhaps the biggest myth out there. There are a wide range of deals to negotiate, from $0 down to thousands of dollars down, which means there are deals all sizes available. What you need to do is research with your InvestorCompsOnline account and plan carefully.

Understand this guys,  many deals are done by people who work 9-5 jobs everyday. They may not take as great of a risk as someone wealthy, but there are still enough deals to spread around. Success in real estate investing is in your due diligence.

You need experience:  You may be envious of the people you see on those infomercials making a fortune in the real estate market, and you probably think it could never happen to you. They must have years of experience. But the truth is while those people may have been lucky, odds are they’re just savvy investors. If you learn as much as you can about investing in real estate and plan your next move carefully, you could easily join their ranks.

You need good credit:  Good credit helps, but you don’t need it to make money in real estate. There are so many creative ways to invest in real estate without ever looking at your credit. Again, you must learn your options and do your research.  I would, however, urge you to work on repairing your credit because it allows you even more options and more power when investing in real estate. 

It will not work in your area:  It works in EVERY area. True, it may work differently in some markets than in others, but there are investors making money in every city, every day of the week. You have to learn your market: the rents, the trends, the local customs, the bankers, the title companies, etc.There are many myths which keep very capable people from venturing in the world of real estate investing. Myths can actually cost you thousands of dollars if you do not know the truth. Don’t wait unitl 2012 to get the ball rolling, start this Christmas season and instead start 2012 on a strong footing.  Get help from InvestorCompsOnline‘s educational tools and support system  and learn the real truth as you begin your journey to successful real estate investing.

Monthly Archives: December 2011

Happy New Year To YOU!

As we prepare for the new year, we as investors know 2012 looks bright for us.  The prospect of all the different types of properties available are exciting to say the least.  Using solid real estate comps to decide which to go after is always a wise choice.

One thing we should all keep in mind are the costs of construction materials and labor.  The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies in other parts of the world.  Additionally, the cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices.  Look for a contractor who gives a realistic price as well as time schedule.  

Once you have your property renovated, it’s time to market and sell.  I use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to list properties and build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.

I challenge you in 2012 to keep a watchful eye on your construction costs as well as use social networking/marketing to make your deals happen faster.  Always know InvestorCompsOnline is available to you to assist you each step of the way..

Happy Investing in 2012!!

Making YOUR New Year Bright!

As a real estate investor two of the greatest challenges we face is finding good real estate comps and finding the right network to help us grow our business successfully. With all of the different components we need for a thriving real estate team, I have found the ability to create a large network through social media has become a tremendous asset to my business.

What I have done is use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. 

One of the advantages of using social media is the ability for you to find specific information about targeted groups or individuals. For example, on Twitter I have an account that has several real estate investors in the country. Whenever I sell a property, I make sure that this list gets some extra tweets about the property, so all of my investors on the list have the chance to contact me.

On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.   I have have had the benefit of being able to build on these new found relationships for future deals.

The power of using social media for real estate is tremendous, so take advantage of the trends which are occurring across the nation and join real estate investors who are using social networking to create a better real estate investment environment.

 

2011 Going Out With Higher Costs!

I truly hope that each one of you enjoyed your time with family and friends during Christmas.  I wanted to step away from my typical real estate comps related topic today.  I wanted to share and excerpt from my local newspaper’s business section.  This is article should be interesting to all of us that buy and renovate or rehab properties.  It discusses one of our main expenses, building materials…..

…………When the economy was strong and construction was booming, prices for products such as lumber and drywall rose almost by the day.

After the economy crashed and construction went from a torrent to a trickle, contractors such as Ted Benning said they could count on those prices to routinely drop in line with the slacking demand.

The picture now, though, is starting to get murky.

Though the construction industry isn’t exactly booming, Benning and other Georgia contractors are seeing the cost of building products heading up again, and that could mean dollars won’t go quite as far for everything from public works projects to home renovations.

But indicators at a national level suggest the price increases that some local contractors are seeing could reverse slightly given global economic uncertainty.

“I think that the question of whether [price hikes] stick or not is a question of demand,” Benning said.

Ready-mix concrete and electrical wiring components are among the products suppliers have said could rise 5 percent to 10 percent in the new year, the president of Atlanta-based Benning Construction said.

The Atlanta Journal-Constitution recently reported Cobb County was seeing bids for school construction projects rise unexpectedly, though other metro counties weren’t seeing quite the same phenomenon.

The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies such as Brazil, China and India.

Bill Anderson, president of the Associated Builders and Contractors of Georgia, said his members have indicated they are seeing prices rise, but data from the national level indicate it might be a temporary trend.

Overall, construction prices dipped in November by 0.1 percent but are up 6.2 percent over last year, according to a report by Associated Builders and Contractors, citing government data.

Monthly steel prices have declined, though steel is still up 11.2 percent over November 2010, the report said. Petroleum, which affects the price of transporting commodities, is up 19.3 percent over a year ago.

The economies of Brazil, China and India are slowing, and the dollar is gaining some strength relative to the euro, the report said.

“There has continued to be downward pressure on commodity prices,” Anirban Basu, the chief economist for Associated Builders and Contractors, said in a Dec. 15 report. “This is likely to translate into additional declines in construction materials prices as we approach 2012 and beyond.

“However, the decline in construction materials prices is most welcome and may induce a larger number of projects to move forward than expected,” Basu said.

The cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices. But in some trades or locations, there’s less competition, Benning said, because some contractors who had bid for work at unsustainably low prices are now out of business.

The remaining players can charge higher rates, said Benning, whose firm builds shopping centers, educational facilities and other large projects. The costs of health care and other types of insurance also are rising.

For building material prices to soar, it would require stronger U.S. demand and a ramp-up of activity in emerging markets, said Conor McNally, chief development officer with the Atlanta-based real estate firm Carter. Carter has projects throughout the Southeast and Midwest, including a $600 million mixed-use project in Cincinnati.

McNally said his firm has seen isolated cases of price increases, but construction costs largely have stabilized.

The industry, he said, has seen sudden “blips” in prices as producers of building materials try to rationalize their supplies with wobbly demand.

The industry saw double-digit price inflation from 2003 to 2006 for supplies and labor, McNally said, which corrected with the fallout of the economy.

Bids for projects remain aggressive as there remains a lack of demand.

“We’re technically in recovery,” he said, “but it’s a slow and hard one.”

These are just a few insights that everyone may want to keep in mind as you are planning your rehab projects on your next property.

I wish you the best in investments!

MJ (Mark Jackson)

 

 

Merry Christmas To You!

As we prepare to celebrate the birth of Jesus Christ, many people are making plans to be with family.  I personally am excited about spending quality time with my wife, children, and grand-children.  I want to take a few moments to discuss real estate comps and a few more real estate investing highlights from this week.

REO properties, which are bank owned homes,  have many positive aspects.  The main benefit that comes to mind is buying homes at a discount.  In our depressed market – or a buyer’s market – home prices are usually below the assessed value.  This enables you, the buyer in this case, to use your InvestorCompsOnline access to research and decide on an offer price that helps you make your profit when you buy. 

Another way to make a profit on these foreclosed properties is by flipping.  To flip a property basically means to take the property and make upgrades or repairs before selling.  One of the greatest benefits of flipping houses for profit is the payoff is substantially larger – and the fact that you work on your own terms. However, with those benefits come the important realities such as hiring outside help in order to bring the property you purchased up to standards.  The goal would be to hire contractors at a good rate that still allows you both to profit.  Remember guys, always work with integrity and honesty and you will build a solid reputation.

As I close, I encourage you all to keep focused on projects that you are pursuing.  I hope my advice is helpful and useful in your day to day business deals.  I sincerely pray that each one of you has a blessed holiday with those you love!

MERRY CHRISTMAS!!!

A Christmas Gift – The ABC’s Of Real Estate

When you train with a responsible and competent mentor or coach real estate investment myths are dispelled.  Learning to decipher the truth from a myth can save you a lot of trouble and time.  We already know how important real estate comps are to our end profits.  I also wanted to share a few common myths which will help you during your learning curve:

Real estate investing is for the wealthy:  This is perhaps the biggest myth out there. There are a wide range of deals to negotiate, from $0 down to thousands of dollars down, which means there are deals all sizes available. What you need to do is research with your InvestorCompsOnline account and plan carefully.

Understand this guys,  many deals are done by people who work 9-5 jobs everyday. They may not take as great of a risk as someone wealthy, but there are still enough deals to spread around. Success in real estate investing is in your due diligence.

You need experience:  You may be envious of the people you see on those infomercials making a fortune in the real estate market, and you probably think it could never happen to you. They must have years of experience. But the truth is while those people may have been lucky, odds are they’re just savvy investors. If you learn as much as you can about investing in real estate and plan your next move carefully, you could easily join their ranks.

You need good credit:  Good credit helps, but you don’t need it to make money in real estate. There are so many creative ways to invest in real estate without ever looking at your credit. Again, you must learn your options and do your research.  I would, however, urge you to work on repairing your credit because it allows you even more options and more power when investing in real estate. 

It will not work in your area:  It works in EVERY area. True, it may work differently in some markets than in others, but there are investors making money in every city, every day of the week. You have to learn your market: the rents, the trends, the local customs, the bankers, the title companies, etc.There are many myths which keep very capable people from venturing in the world of real estate investing. Myths can actually cost you thousands of dollars if you do not know the truth. Don’t wait unitl 2012 to get the ball rolling, start this Christmas season and instead start 2012 on a strong footing.  Get help from InvestorCompsOnline‘s educational tools and support system  and learn the real truth as you begin your journey to successful real estate investing.

Monthly Archives: December 2011

Happy New Year To YOU!

As we prepare for the new year, we as investors know 2012 looks bright for us.  The prospect of all the different types of properties available are exciting to say the least.  Using solid real estate comps to decide which to go after is always a wise choice.

One thing we should all keep in mind are the costs of construction materials and labor.  The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies in other parts of the world.  Additionally, the cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices.  Look for a contractor who gives a realistic price as well as time schedule.  

Once you have your property renovated, it’s time to market and sell.  I use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to list properties and build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.

I challenge you in 2012 to keep a watchful eye on your construction costs as well as use social networking/marketing to make your deals happen faster.  Always know InvestorCompsOnline is available to you to assist you each step of the way..

Happy Investing in 2012!!

Making YOUR New Year Bright!

As a real estate investor two of the greatest challenges we face is finding good real estate comps and finding the right network to help us grow our business successfully. With all of the different components we need for a thriving real estate team, I have found the ability to create a large network through social media has become a tremendous asset to my business.

What I have done is use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. 

One of the advantages of using social media is the ability for you to find specific information about targeted groups or individuals. For example, on Twitter I have an account that has several real estate investors in the country. Whenever I sell a property, I make sure that this list gets some extra tweets about the property, so all of my investors on the list have the chance to contact me.

On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.   I have have had the benefit of being able to build on these new found relationships for future deals.

The power of using social media for real estate is tremendous, so take advantage of the trends which are occurring across the nation and join real estate investors who are using social networking to create a better real estate investment environment.

 

2011 Going Out With Higher Costs!

I truly hope that each one of you enjoyed your time with family and friends during Christmas.  I wanted to step away from my typical real estate comps related topic today.  I wanted to share and excerpt from my local newspaper’s business section.  This is article should be interesting to all of us that buy and renovate or rehab properties.  It discusses one of our main expenses, building materials…..

…………When the economy was strong and construction was booming, prices for products such as lumber and drywall rose almost by the day.

After the economy crashed and construction went from a torrent to a trickle, contractors such as Ted Benning said they could count on those prices to routinely drop in line with the slacking demand.

The picture now, though, is starting to get murky.

Though the construction industry isn’t exactly booming, Benning and other Georgia contractors are seeing the cost of building products heading up again, and that could mean dollars won’t go quite as far for everything from public works projects to home renovations.

But indicators at a national level suggest the price increases that some local contractors are seeing could reverse slightly given global economic uncertainty.

“I think that the question of whether [price hikes] stick or not is a question of demand,” Benning said.

Ready-mix concrete and electrical wiring components are among the products suppliers have said could rise 5 percent to 10 percent in the new year, the president of Atlanta-based Benning Construction said.

The Atlanta Journal-Constitution recently reported Cobb County was seeing bids for school construction projects rise unexpectedly, though other metro counties weren’t seeing quite the same phenomenon.

The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies such as Brazil, China and India.

Bill Anderson, president of the Associated Builders and Contractors of Georgia, said his members have indicated they are seeing prices rise, but data from the national level indicate it might be a temporary trend.

Overall, construction prices dipped in November by 0.1 percent but are up 6.2 percent over last year, according to a report by Associated Builders and Contractors, citing government data.

Monthly steel prices have declined, though steel is still up 11.2 percent over November 2010, the report said. Petroleum, which affects the price of transporting commodities, is up 19.3 percent over a year ago.

The economies of Brazil, China and India are slowing, and the dollar is gaining some strength relative to the euro, the report said.

“There has continued to be downward pressure on commodity prices,” Anirban Basu, the chief economist for Associated Builders and Contractors, said in a Dec. 15 report. “This is likely to translate into additional declines in construction materials prices as we approach 2012 and beyond.

“However, the decline in construction materials prices is most welcome and may induce a larger number of projects to move forward than expected,” Basu said.

The cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices. But in some trades or locations, there’s less competition, Benning said, because some contractors who had bid for work at unsustainably low prices are now out of business.

The remaining players can charge higher rates, said Benning, whose firm builds shopping centers, educational facilities and other large projects. The costs of health care and other types of insurance also are rising.

For building material prices to soar, it would require stronger U.S. demand and a ramp-up of activity in emerging markets, said Conor McNally, chief development officer with the Atlanta-based real estate firm Carter. Carter has projects throughout the Southeast and Midwest, including a $600 million mixed-use project in Cincinnati.

McNally said his firm has seen isolated cases of price increases, but construction costs largely have stabilized.

The industry, he said, has seen sudden “blips” in prices as producers of building materials try to rationalize their supplies with wobbly demand.

The industry saw double-digit price inflation from 2003 to 2006 for supplies and labor, McNally said, which corrected with the fallout of the economy.

Bids for projects remain aggressive as there remains a lack of demand.

“We’re technically in recovery,” he said, “but it’s a slow and hard one.”

These are just a few insights that everyone may want to keep in mind as you are planning your rehab projects on your next property.

I wish you the best in investments!

MJ (Mark Jackson)

 

 

Merry Christmas To You!

As we prepare to celebrate the birth of Jesus Christ, many people are making plans to be with family.  I personally am excited about spending quality time with my wife, children, and grand-children.  I want to take a few moments to discuss real estate comps and a few more real estate investing highlights from this week.

REO properties, which are bank owned homes,  have many positive aspects.  The main benefit that comes to mind is buying homes at a discount.  In our depressed market – or a buyer’s market – home prices are usually below the assessed value.  This enables you, the buyer in this case, to use your InvestorCompsOnline access to research and decide on an offer price that helps you make your profit when you buy. 

Another way to make a profit on these foreclosed properties is by flipping.  To flip a property basically means to take the property and make upgrades or repairs before selling.  One of the greatest benefits of flipping houses for profit is the payoff is substantially larger – and the fact that you work on your own terms. However, with those benefits come the important realities such as hiring outside help in order to bring the property you purchased up to standards.  The goal would be to hire contractors at a good rate that still allows you both to profit.  Remember guys, always work with integrity and honesty and you will build a solid reputation.

As I close, I encourage you all to keep focused on projects that you are pursuing.  I hope my advice is helpful and useful in your day to day business deals.  I sincerely pray that each one of you has a blessed holiday with those you love!

MERRY CHRISTMAS!!!

A Christmas Gift – The ABC’s Of Real Estate

When you train with a responsible and competent mentor or coach real estate investment myths are dispelled.  Learning to decipher the truth from a myth can save you a lot of trouble and time.  We already know how important real estate comps are to our end profits.  I also wanted to share a few common myths which will help you during your learning curve:

Real estate investing is for the wealthy:  This is perhaps the biggest myth out there. There are a wide range of deals to negotiate, from $0 down to thousands of dollars down, which means there are deals all sizes available. What you need to do is research with your InvestorCompsOnline account and plan carefully.

Understand this guys,  many deals are done by people who work 9-5 jobs everyday. They may not take as great of a risk as someone wealthy, but there are still enough deals to spread around. Success in real estate investing is in your due diligence.

You need experience:  You may be envious of the people you see on those infomercials making a fortune in the real estate market, and you probably think it could never happen to you. They must have years of experience. But the truth is while those people may have been lucky, odds are they’re just savvy investors. If you learn as much as you can about investing in real estate and plan your next move carefully, you could easily join their ranks.

You need good credit:  Good credit helps, but you don’t need it to make money in real estate. There are so many creative ways to invest in real estate without ever looking at your credit. Again, you must learn your options and do your research.  I would, however, urge you to work on repairing your credit because it allows you even more options and more power when investing in real estate. 

It will not work in your area:  It works in EVERY area. True, it may work differently in some markets than in others, but there are investors making money in every city, every day of the week. You have to learn your market: the rents, the trends, the local customs, the bankers, the title companies, etc.There are many myths which keep very capable people from venturing in the world of real estate investing. Myths can actually cost you thousands of dollars if you do not know the truth. Don’t wait unitl 2012 to get the ball rolling, start this Christmas season and instead start 2012 on a strong footing.  Get help from InvestorCompsOnline‘s educational tools and support system  and learn the real truth as you begin your journey to successful real estate investing.

Monthly Archives: December 2011

Happy New Year To YOU!

As we prepare for the new year, we as investors know 2012 looks bright for us.  The prospect of all the different types of properties available are exciting to say the least.  Using solid real estate comps to decide which to go after is always a wise choice.

One thing we should all keep in mind are the costs of construction materials and labor.  The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies in other parts of the world.  Additionally, the cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices.  Look for a contractor who gives a realistic price as well as time schedule.  

Once you have your property renovated, it’s time to market and sell.  I use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to list properties and build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.

I challenge you in 2012 to keep a watchful eye on your construction costs as well as use social networking/marketing to make your deals happen faster.  Always know InvestorCompsOnline is available to you to assist you each step of the way..

Happy Investing in 2012!!

Making YOUR New Year Bright!

As a real estate investor two of the greatest challenges we face is finding good real estate comps and finding the right network to help us grow our business successfully. With all of the different components we need for a thriving real estate team, I have found the ability to create a large network through social media has become a tremendous asset to my business.

What I have done is use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. 

One of the advantages of using social media is the ability for you to find specific information about targeted groups or individuals. For example, on Twitter I have an account that has several real estate investors in the country. Whenever I sell a property, I make sure that this list gets some extra tweets about the property, so all of my investors on the list have the chance to contact me.

On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.   I have have had the benefit of being able to build on these new found relationships for future deals.

The power of using social media for real estate is tremendous, so take advantage of the trends which are occurring across the nation and join real estate investors who are using social networking to create a better real estate investment environment.

 

2011 Going Out With Higher Costs!

I truly hope that each one of you enjoyed your time with family and friends during Christmas.  I wanted to step away from my typical real estate comps related topic today.  I wanted to share and excerpt from my local newspaper’s business section.  This is article should be interesting to all of us that buy and renovate or rehab properties.  It discusses one of our main expenses, building materials…..

…………When the economy was strong and construction was booming, prices for products such as lumber and drywall rose almost by the day.

After the economy crashed and construction went from a torrent to a trickle, contractors such as Ted Benning said they could count on those prices to routinely drop in line with the slacking demand.

The picture now, though, is starting to get murky.

Though the construction industry isn’t exactly booming, Benning and other Georgia contractors are seeing the cost of building products heading up again, and that could mean dollars won’t go quite as far for everything from public works projects to home renovations.

But indicators at a national level suggest the price increases that some local contractors are seeing could reverse slightly given global economic uncertainty.

“I think that the question of whether [price hikes] stick or not is a question of demand,” Benning said.

Ready-mix concrete and electrical wiring components are among the products suppliers have said could rise 5 percent to 10 percent in the new year, the president of Atlanta-based Benning Construction said.

The Atlanta Journal-Constitution recently reported Cobb County was seeing bids for school construction projects rise unexpectedly, though other metro counties weren’t seeing quite the same phenomenon.

The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies such as Brazil, China and India.

Bill Anderson, president of the Associated Builders and Contractors of Georgia, said his members have indicated they are seeing prices rise, but data from the national level indicate it might be a temporary trend.

Overall, construction prices dipped in November by 0.1 percent but are up 6.2 percent over last year, according to a report by Associated Builders and Contractors, citing government data.

Monthly steel prices have declined, though steel is still up 11.2 percent over November 2010, the report said. Petroleum, which affects the price of transporting commodities, is up 19.3 percent over a year ago.

The economies of Brazil, China and India are slowing, and the dollar is gaining some strength relative to the euro, the report said.

“There has continued to be downward pressure on commodity prices,” Anirban Basu, the chief economist for Associated Builders and Contractors, said in a Dec. 15 report. “This is likely to translate into additional declines in construction materials prices as we approach 2012 and beyond.

“However, the decline in construction materials prices is most welcome and may induce a larger number of projects to move forward than expected,” Basu said.

The cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices. But in some trades or locations, there’s less competition, Benning said, because some contractors who had bid for work at unsustainably low prices are now out of business.

The remaining players can charge higher rates, said Benning, whose firm builds shopping centers, educational facilities and other large projects. The costs of health care and other types of insurance also are rising.

For building material prices to soar, it would require stronger U.S. demand and a ramp-up of activity in emerging markets, said Conor McNally, chief development officer with the Atlanta-based real estate firm Carter. Carter has projects throughout the Southeast and Midwest, including a $600 million mixed-use project in Cincinnati.

McNally said his firm has seen isolated cases of price increases, but construction costs largely have stabilized.

The industry, he said, has seen sudden “blips” in prices as producers of building materials try to rationalize their supplies with wobbly demand.

The industry saw double-digit price inflation from 2003 to 2006 for supplies and labor, McNally said, which corrected with the fallout of the economy.

Bids for projects remain aggressive as there remains a lack of demand.

“We’re technically in recovery,” he said, “but it’s a slow and hard one.”

These are just a few insights that everyone may want to keep in mind as you are planning your rehab projects on your next property.

I wish you the best in investments!

MJ (Mark Jackson)

 

 

Merry Christmas To You!

As we prepare to celebrate the birth of Jesus Christ, many people are making plans to be with family.  I personally am excited about spending quality time with my wife, children, and grand-children.  I want to take a few moments to discuss real estate comps and a few more real estate investing highlights from this week.

REO properties, which are bank owned homes,  have many positive aspects.  The main benefit that comes to mind is buying homes at a discount.  In our depressed market – or a buyer’s market – home prices are usually below the assessed value.  This enables you, the buyer in this case, to use your InvestorCompsOnline access to research and decide on an offer price that helps you make your profit when you buy. 

Another way to make a profit on these foreclosed properties is by flipping.  To flip a property basically means to take the property and make upgrades or repairs before selling.  One of the greatest benefits of flipping houses for profit is the payoff is substantially larger – and the fact that you work on your own terms. However, with those benefits come the important realities such as hiring outside help in order to bring the property you purchased up to standards.  The goal would be to hire contractors at a good rate that still allows you both to profit.  Remember guys, always work with integrity and honesty and you will build a solid reputation.

As I close, I encourage you all to keep focused on projects that you are pursuing.  I hope my advice is helpful and useful in your day to day business deals.  I sincerely pray that each one of you has a blessed holiday with those you love!

MERRY CHRISTMAS!!!

A Christmas Gift – The ABC’s Of Real Estate

When you train with a responsible and competent mentor or coach real estate investment myths are dispelled.  Learning to decipher the truth from a myth can save you a lot of trouble and time.  We already know how important real estate comps are to our end profits.  I also wanted to share a few common myths which will help you during your learning curve:

Real estate investing is for the wealthy:  This is perhaps the biggest myth out there. There are a wide range of deals to negotiate, from $0 down to thousands of dollars down, which means there are deals all sizes available. What you need to do is research with your InvestorCompsOnline account and plan carefully.

Understand this guys,  many deals are done by people who work 9-5 jobs everyday. They may not take as great of a risk as someone wealthy, but there are still enough deals to spread around. Success in real estate investing is in your due diligence.

You need experience:  You may be envious of the people you see on those infomercials making a fortune in the real estate market, and you probably think it could never happen to you. They must have years of experience. But the truth is while those people may have been lucky, odds are they’re just savvy investors. If you learn as much as you can about investing in real estate and plan your next move carefully, you could easily join their ranks.

You need good credit:  Good credit helps, but you don’t need it to make money in real estate. There are so many creative ways to invest in real estate without ever looking at your credit. Again, you must learn your options and do your research.  I would, however, urge you to work on repairing your credit because it allows you even more options and more power when investing in real estate. 

It will not work in your area:  It works in EVERY area. True, it may work differently in some markets than in others, but there are investors making money in every city, every day of the week. You have to learn your market: the rents, the trends, the local customs, the bankers, the title companies, etc.There are many myths which keep very capable people from venturing in the world of real estate investing. Myths can actually cost you thousands of dollars if you do not know the truth. Don’t wait unitl 2012 to get the ball rolling, start this Christmas season and instead start 2012 on a strong footing.  Get help from InvestorCompsOnline‘s educational tools and support system  and learn the real truth as you begin your journey to successful real estate investing.

Monthly Archives: December 2011

Happy New Year To YOU!

As we prepare for the new year, we as investors know 2012 looks bright for us.  The prospect of all the different types of properties available are exciting to say the least.  Using solid real estate comps to decide which to go after is always a wise choice.

One thing we should all keep in mind are the costs of construction materials and labor.  The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies in other parts of the world.  Additionally, the cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices.  Look for a contractor who gives a realistic price as well as time schedule.  

Once you have your property renovated, it’s time to market and sell.  I use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to list properties and build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.

I challenge you in 2012 to keep a watchful eye on your construction costs as well as use social networking/marketing to make your deals happen faster.  Always know InvestorCompsOnline is available to you to assist you each step of the way..

Happy Investing in 2012!!

Making YOUR New Year Bright!

As a real estate investor two of the greatest challenges we face is finding good real estate comps and finding the right network to help us grow our business successfully. With all of the different components we need for a thriving real estate team, I have found the ability to create a large network through social media has become a tremendous asset to my business.

What I have done is use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. 

One of the advantages of using social media is the ability for you to find specific information about targeted groups or individuals. For example, on Twitter I have an account that has several real estate investors in the country. Whenever I sell a property, I make sure that this list gets some extra tweets about the property, so all of my investors on the list have the chance to contact me.

On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.   I have have had the benefit of being able to build on these new found relationships for future deals.

The power of using social media for real estate is tremendous, so take advantage of the trends which are occurring across the nation and join real estate investors who are using social networking to create a better real estate investment environment.

 

2011 Going Out With Higher Costs!

I truly hope that each one of you enjoyed your time with family and friends during Christmas.  I wanted to step away from my typical real estate comps related topic today.  I wanted to share and excerpt from my local newspaper’s business section.  This is article should be interesting to all of us that buy and renovate or rehab properties.  It discusses one of our main expenses, building materials…..

…………When the economy was strong and construction was booming, prices for products such as lumber and drywall rose almost by the day.

After the economy crashed and construction went from a torrent to a trickle, contractors such as Ted Benning said they could count on those prices to routinely drop in line with the slacking demand.

The picture now, though, is starting to get murky.

Though the construction industry isn’t exactly booming, Benning and other Georgia contractors are seeing the cost of building products heading up again, and that could mean dollars won’t go quite as far for everything from public works projects to home renovations.

But indicators at a national level suggest the price increases that some local contractors are seeing could reverse slightly given global economic uncertainty.

“I think that the question of whether [price hikes] stick or not is a question of demand,” Benning said.

Ready-mix concrete and electrical wiring components are among the products suppliers have said could rise 5 percent to 10 percent in the new year, the president of Atlanta-based Benning Construction said.

The Atlanta Journal-Constitution recently reported Cobb County was seeing bids for school construction projects rise unexpectedly, though other metro counties weren’t seeing quite the same phenomenon.

The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies such as Brazil, China and India.

Bill Anderson, president of the Associated Builders and Contractors of Georgia, said his members have indicated they are seeing prices rise, but data from the national level indicate it might be a temporary trend.

Overall, construction prices dipped in November by 0.1 percent but are up 6.2 percent over last year, according to a report by Associated Builders and Contractors, citing government data.

Monthly steel prices have declined, though steel is still up 11.2 percent over November 2010, the report said. Petroleum, which affects the price of transporting commodities, is up 19.3 percent over a year ago.

The economies of Brazil, China and India are slowing, and the dollar is gaining some strength relative to the euro, the report said.

“There has continued to be downward pressure on commodity prices,” Anirban Basu, the chief economist for Associated Builders and Contractors, said in a Dec. 15 report. “This is likely to translate into additional declines in construction materials prices as we approach 2012 and beyond.

“However, the decline in construction materials prices is most welcome and may induce a larger number of projects to move forward than expected,” Basu said.

The cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices. But in some trades or locations, there’s less competition, Benning said, because some contractors who had bid for work at unsustainably low prices are now out of business.

The remaining players can charge higher rates, said Benning, whose firm builds shopping centers, educational facilities and other large projects. The costs of health care and other types of insurance also are rising.

For building material prices to soar, it would require stronger U.S. demand and a ramp-up of activity in emerging markets, said Conor McNally, chief development officer with the Atlanta-based real estate firm Carter. Carter has projects throughout the Southeast and Midwest, including a $600 million mixed-use project in Cincinnati.

McNally said his firm has seen isolated cases of price increases, but construction costs largely have stabilized.

The industry, he said, has seen sudden “blips” in prices as producers of building materials try to rationalize their supplies with wobbly demand.

The industry saw double-digit price inflation from 2003 to 2006 for supplies and labor, McNally said, which corrected with the fallout of the economy.

Bids for projects remain aggressive as there remains a lack of demand.

“We’re technically in recovery,” he said, “but it’s a slow and hard one.”

These are just a few insights that everyone may want to keep in mind as you are planning your rehab projects on your next property.

I wish you the best in investments!

MJ (Mark Jackson)

 

 

Merry Christmas To You!

As we prepare to celebrate the birth of Jesus Christ, many people are making plans to be with family.  I personally am excited about spending quality time with my wife, children, and grand-children.  I want to take a few moments to discuss real estate comps and a few more real estate investing highlights from this week.

REO properties, which are bank owned homes,  have many positive aspects.  The main benefit that comes to mind is buying homes at a discount.  In our depressed market – or a buyer’s market – home prices are usually below the assessed value.  This enables you, the buyer in this case, to use your InvestorCompsOnline access to research and decide on an offer price that helps you make your profit when you buy. 

Another way to make a profit on these foreclosed properties is by flipping.  To flip a property basically means to take the property and make upgrades or repairs before selling.  One of the greatest benefits of flipping houses for profit is the payoff is substantially larger – and the fact that you work on your own terms. However, with those benefits come the important realities such as hiring outside help in order to bring the property you purchased up to standards.  The goal would be to hire contractors at a good rate that still allows you both to profit.  Remember guys, always work with integrity and honesty and you will build a solid reputation.

As I close, I encourage you all to keep focused on projects that you are pursuing.  I hope my advice is helpful and useful in your day to day business deals.  I sincerely pray that each one of you has a blessed holiday with those you love!

MERRY CHRISTMAS!!!

A Christmas Gift – The ABC’s Of Real Estate

When you train with a responsible and competent mentor or coach real estate investment myths are dispelled.  Learning to decipher the truth from a myth can save you a lot of trouble and time.  We already know how important real estate comps are to our end profits.  I also wanted to share a few common myths which will help you during your learning curve:

Real estate investing is for the wealthy:  This is perhaps the biggest myth out there. There are a wide range of deals to negotiate, from $0 down to thousands of dollars down, which means there are deals all sizes available. What you need to do is research with your InvestorCompsOnline account and plan carefully.

Understand this guys,  many deals are done by people who work 9-5 jobs everyday. They may not take as great of a risk as someone wealthy, but there are still enough deals to spread around. Success in real estate investing is in your due diligence.

You need experience:  You may be envious of the people you see on those infomercials making a fortune in the real estate market, and you probably think it could never happen to you. They must have years of experience. But the truth is while those people may have been lucky, odds are they’re just savvy investors. If you learn as much as you can about investing in real estate and plan your next move carefully, you could easily join their ranks.

You need good credit:  Good credit helps, but you don’t need it to make money in real estate. There are so many creative ways to invest in real estate without ever looking at your credit. Again, you must learn your options and do your research.  I would, however, urge you to work on repairing your credit because it allows you even more options and more power when investing in real estate. 

It will not work in your area:  It works in EVERY area. True, it may work differently in some markets than in others, but there are investors making money in every city, every day of the week. You have to learn your market: the rents, the trends, the local customs, the bankers, the title companies, etc.There are many myths which keep very capable people from venturing in the world of real estate investing. Myths can actually cost you thousands of dollars if you do not know the truth. Don’t wait unitl 2012 to get the ball rolling, start this Christmas season and instead start 2012 on a strong footing.  Get help from InvestorCompsOnline‘s educational tools and support system  and learn the real truth as you begin your journey to successful real estate investing.

Monthly Archives: December 2011

Happy New Year To YOU!

As we prepare for the new year, we as investors know 2012 looks bright for us.  The prospect of all the different types of properties available are exciting to say the least.  Using solid real estate comps to decide which to go after is always a wise choice.

One thing we should all keep in mind are the costs of construction materials and labor.  The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies in other parts of the world.  Additionally, the cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices.  Look for a contractor who gives a realistic price as well as time schedule.  

Once you have your property renovated, it’s time to market and sell.  I use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to list properties and build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.

I challenge you in 2012 to keep a watchful eye on your construction costs as well as use social networking/marketing to make your deals happen faster.  Always know InvestorCompsOnline is available to you to assist you each step of the way..

Happy Investing in 2012!!

Making YOUR New Year Bright!

As a real estate investor two of the greatest challenges we face is finding good real estate comps and finding the right network to help us grow our business successfully. With all of the different components we need for a thriving real estate team, I have found the ability to create a large network through social media has become a tremendous asset to my business.

What I have done is use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. 

One of the advantages of using social media is the ability for you to find specific information about targeted groups or individuals. For example, on Twitter I have an account that has several real estate investors in the country. Whenever I sell a property, I make sure that this list gets some extra tweets about the property, so all of my investors on the list have the chance to contact me.

On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.   I have have had the benefit of being able to build on these new found relationships for future deals.

The power of using social media for real estate is tremendous, so take advantage of the trends which are occurring across the nation and join real estate investors who are using social networking to create a better real estate investment environment.

 

2011 Going Out With Higher Costs!

I truly hope that each one of you enjoyed your time with family and friends during Christmas.  I wanted to step away from my typical real estate comps related topic today.  I wanted to share and excerpt from my local newspaper’s business section.  This is article should be interesting to all of us that buy and renovate or rehab properties.  It discusses one of our main expenses, building materials…..

…………When the economy was strong and construction was booming, prices for products such as lumber and drywall rose almost by the day.

After the economy crashed and construction went from a torrent to a trickle, contractors such as Ted Benning said they could count on those prices to routinely drop in line with the slacking demand.

The picture now, though, is starting to get murky.

Though the construction industry isn’t exactly booming, Benning and other Georgia contractors are seeing the cost of building products heading up again, and that could mean dollars won’t go quite as far for everything from public works projects to home renovations.

But indicators at a national level suggest the price increases that some local contractors are seeing could reverse slightly given global economic uncertainty.

“I think that the question of whether [price hikes] stick or not is a question of demand,” Benning said.

Ready-mix concrete and electrical wiring components are among the products suppliers have said could rise 5 percent to 10 percent in the new year, the president of Atlanta-based Benning Construction said.

The Atlanta Journal-Constitution recently reported Cobb County was seeing bids for school construction projects rise unexpectedly, though other metro counties weren’t seeing quite the same phenomenon.

The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies such as Brazil, China and India.

Bill Anderson, president of the Associated Builders and Contractors of Georgia, said his members have indicated they are seeing prices rise, but data from the national level indicate it might be a temporary trend.

Overall, construction prices dipped in November by 0.1 percent but are up 6.2 percent over last year, according to a report by Associated Builders and Contractors, citing government data.

Monthly steel prices have declined, though steel is still up 11.2 percent over November 2010, the report said. Petroleum, which affects the price of transporting commodities, is up 19.3 percent over a year ago.

The economies of Brazil, China and India are slowing, and the dollar is gaining some strength relative to the euro, the report said.

“There has continued to be downward pressure on commodity prices,” Anirban Basu, the chief economist for Associated Builders and Contractors, said in a Dec. 15 report. “This is likely to translate into additional declines in construction materials prices as we approach 2012 and beyond.

“However, the decline in construction materials prices is most welcome and may induce a larger number of projects to move forward than expected,” Basu said.

The cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices. But in some trades or locations, there’s less competition, Benning said, because some contractors who had bid for work at unsustainably low prices are now out of business.

The remaining players can charge higher rates, said Benning, whose firm builds shopping centers, educational facilities and other large projects. The costs of health care and other types of insurance also are rising.

For building material prices to soar, it would require stronger U.S. demand and a ramp-up of activity in emerging markets, said Conor McNally, chief development officer with the Atlanta-based real estate firm Carter. Carter has projects throughout the Southeast and Midwest, including a $600 million mixed-use project in Cincinnati.

McNally said his firm has seen isolated cases of price increases, but construction costs largely have stabilized.

The industry, he said, has seen sudden “blips” in prices as producers of building materials try to rationalize their supplies with wobbly demand.

The industry saw double-digit price inflation from 2003 to 2006 for supplies and labor, McNally said, which corrected with the fallout of the economy.

Bids for projects remain aggressive as there remains a lack of demand.

“We’re technically in recovery,” he said, “but it’s a slow and hard one.”

These are just a few insights that everyone may want to keep in mind as you are planning your rehab projects on your next property.

I wish you the best in investments!

MJ (Mark Jackson)

 

 

Merry Christmas To You!

As we prepare to celebrate the birth of Jesus Christ, many people are making plans to be with family.  I personally am excited about spending quality time with my wife, children, and grand-children.  I want to take a few moments to discuss real estate comps and a few more real estate investing highlights from this week.

REO properties, which are bank owned homes,  have many positive aspects.  The main benefit that comes to mind is buying homes at a discount.  In our depressed market – or a buyer’s market – home prices are usually below the assessed value.  This enables you, the buyer in this case, to use your InvestorCompsOnline access to research and decide on an offer price that helps you make your profit when you buy. 

Another way to make a profit on these foreclosed properties is by flipping.  To flip a property basically means to take the property and make upgrades or repairs before selling.  One of the greatest benefits of flipping houses for profit is the payoff is substantially larger – and the fact that you work on your own terms. However, with those benefits come the important realities such as hiring outside help in order to bring the property you purchased up to standards.  The goal would be to hire contractors at a good rate that still allows you both to profit.  Remember guys, always work with integrity and honesty and you will build a solid reputation.

As I close, I encourage you all to keep focused on projects that you are pursuing.  I hope my advice is helpful and useful in your day to day business deals.  I sincerely pray that each one of you has a blessed holiday with those you love!

MERRY CHRISTMAS!!!

A Christmas Gift – The ABC’s Of Real Estate

When you train with a responsible and competent mentor or coach real estate investment myths are dispelled.  Learning to decipher the truth from a myth can save you a lot of trouble and time.  We already know how important real estate comps are to our end profits.  I also wanted to share a few common myths which will help you during your learning curve:

Real estate investing is for the wealthy:  This is perhaps the biggest myth out there. There are a wide range of deals to negotiate, from $0 down to thousands of dollars down, which means there are deals all sizes available. What you need to do is research with your InvestorCompsOnline account and plan carefully.

Understand this guys,  many deals are done by people who work 9-5 jobs everyday. They may not take as great of a risk as someone wealthy, but there are still enough deals to spread around. Success in real estate investing is in your due diligence.

You need experience:  You may be envious of the people you see on those infomercials making a fortune in the real estate market, and you probably think it could never happen to you. They must have years of experience. But the truth is while those people may have been lucky, odds are they’re just savvy investors. If you learn as much as you can about investing in real estate and plan your next move carefully, you could easily join their ranks.

You need good credit:  Good credit helps, but you don’t need it to make money in real estate. There are so many creative ways to invest in real estate without ever looking at your credit. Again, you must learn your options and do your research.  I would, however, urge you to work on repairing your credit because it allows you even more options and more power when investing in real estate. 

It will not work in your area:  It works in EVERY area. True, it may work differently in some markets than in others, but there are investors making money in every city, every day of the week. You have to learn your market: the rents, the trends, the local customs, the bankers, the title companies, etc.There are many myths which keep very capable people from venturing in the world of real estate investing. Myths can actually cost you thousands of dollars if you do not know the truth. Don’t wait unitl 2012 to get the ball rolling, start this Christmas season and instead start 2012 on a strong footing.  Get help from InvestorCompsOnline‘s educational tools and support system  and learn the real truth as you begin your journey to successful real estate investing.

Monthly Archives: December 2011

Happy New Year To YOU!

As we prepare for the new year, we as investors know 2012 looks bright for us.  The prospect of all the different types of properties available are exciting to say the least.  Using solid real estate comps to decide which to go after is always a wise choice.

One thing we should all keep in mind are the costs of construction materials and labor.  The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies in other parts of the world.  Additionally, the cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices.  Look for a contractor who gives a realistic price as well as time schedule.  

Once you have your property renovated, it’s time to market and sell.  I use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to list properties and build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.

I challenge you in 2012 to keep a watchful eye on your construction costs as well as use social networking/marketing to make your deals happen faster.  Always know InvestorCompsOnline is available to you to assist you each step of the way..

Happy Investing in 2012!!

Making YOUR New Year Bright!

As a real estate investor two of the greatest challenges we face is finding good real estate comps and finding the right network to help us grow our business successfully. With all of the different components we need for a thriving real estate team, I have found the ability to create a large network through social media has become a tremendous asset to my business.

What I have done is use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. 

One of the advantages of using social media is the ability for you to find specific information about targeted groups or individuals. For example, on Twitter I have an account that has several real estate investors in the country. Whenever I sell a property, I make sure that this list gets some extra tweets about the property, so all of my investors on the list have the chance to contact me.

On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.   I have have had the benefit of being able to build on these new found relationships for future deals.

The power of using social media for real estate is tremendous, so take advantage of the trends which are occurring across the nation and join real estate investors who are using social networking to create a better real estate investment environment.

 

2011 Going Out With Higher Costs!

I truly hope that each one of you enjoyed your time with family and friends during Christmas.  I wanted to step away from my typical real estate comps related topic today.  I wanted to share and excerpt from my local newspaper’s business section.  This is article should be interesting to all of us that buy and renovate or rehab properties.  It discusses one of our main expenses, building materials…..

…………When the economy was strong and construction was booming, prices for products such as lumber and drywall rose almost by the day.

After the economy crashed and construction went from a torrent to a trickle, contractors such as Ted Benning said they could count on those prices to routinely drop in line with the slacking demand.

The picture now, though, is starting to get murky.

Though the construction industry isn’t exactly booming, Benning and other Georgia contractors are seeing the cost of building products heading up again, and that could mean dollars won’t go quite as far for everything from public works projects to home renovations.

But indicators at a national level suggest the price increases that some local contractors are seeing could reverse slightly given global economic uncertainty.

“I think that the question of whether [price hikes] stick or not is a question of demand,” Benning said.

Ready-mix concrete and electrical wiring components are among the products suppliers have said could rise 5 percent to 10 percent in the new year, the president of Atlanta-based Benning Construction said.

The Atlanta Journal-Constitution recently reported Cobb County was seeing bids for school construction projects rise unexpectedly, though other metro counties weren’t seeing quite the same phenomenon.

The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies such as Brazil, China and India.

Bill Anderson, president of the Associated Builders and Contractors of Georgia, said his members have indicated they are seeing prices rise, but data from the national level indicate it might be a temporary trend.

Overall, construction prices dipped in November by 0.1 percent but are up 6.2 percent over last year, according to a report by Associated Builders and Contractors, citing government data.

Monthly steel prices have declined, though steel is still up 11.2 percent over November 2010, the report said. Petroleum, which affects the price of transporting commodities, is up 19.3 percent over a year ago.

The economies of Brazil, China and India are slowing, and the dollar is gaining some strength relative to the euro, the report said.

“There has continued to be downward pressure on commodity prices,” Anirban Basu, the chief economist for Associated Builders and Contractors, said in a Dec. 15 report. “This is likely to translate into additional declines in construction materials prices as we approach 2012 and beyond.

“However, the decline in construction materials prices is most welcome and may induce a larger number of projects to move forward than expected,” Basu said.

The cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices. But in some trades or locations, there’s less competition, Benning said, because some contractors who had bid for work at unsustainably low prices are now out of business.

The remaining players can charge higher rates, said Benning, whose firm builds shopping centers, educational facilities and other large projects. The costs of health care and other types of insurance also are rising.

For building material prices to soar, it would require stronger U.S. demand and a ramp-up of activity in emerging markets, said Conor McNally, chief development officer with the Atlanta-based real estate firm Carter. Carter has projects throughout the Southeast and Midwest, including a $600 million mixed-use project in Cincinnati.

McNally said his firm has seen isolated cases of price increases, but construction costs largely have stabilized.

The industry, he said, has seen sudden “blips” in prices as producers of building materials try to rationalize their supplies with wobbly demand.

The industry saw double-digit price inflation from 2003 to 2006 for supplies and labor, McNally said, which corrected with the fallout of the economy.

Bids for projects remain aggressive as there remains a lack of demand.

“We’re technically in recovery,” he said, “but it’s a slow and hard one.”

These are just a few insights that everyone may want to keep in mind as you are planning your rehab projects on your next property.

I wish you the best in investments!

MJ (Mark Jackson)

 

 

Merry Christmas To You!

As we prepare to celebrate the birth of Jesus Christ, many people are making plans to be with family.  I personally am excited about spending quality time with my wife, children, and grand-children.  I want to take a few moments to discuss real estate comps and a few more real estate investing highlights from this week.

REO properties, which are bank owned homes,  have many positive aspects.  The main benefit that comes to mind is buying homes at a discount.  In our depressed market – or a buyer’s market – home prices are usually below the assessed value.  This enables you, the buyer in this case, to use your InvestorCompsOnline access to research and decide on an offer price that helps you make your profit when you buy. 

Another way to make a profit on these foreclosed properties is by flipping.  To flip a property basically means to take the property and make upgrades or repairs before selling.  One of the greatest benefits of flipping houses for profit is the payoff is substantially larger – and the fact that you work on your own terms. However, with those benefits come the important realities such as hiring outside help in order to bring the property you purchased up to standards.  The goal would be to hire contractors at a good rate that still allows you both to profit.  Remember guys, always work with integrity and honesty and you will build a solid reputation.

As I close, I encourage you all to keep focused on projects that you are pursuing.  I hope my advice is helpful and useful in your day to day business deals.  I sincerely pray that each one of you has a blessed holiday with those you love!

MERRY CHRISTMAS!!!

A Christmas Gift – The ABC’s Of Real Estate

When you train with a responsible and competent mentor or coach real estate investment myths are dispelled.  Learning to decipher the truth from a myth can save you a lot of trouble and time.  We already know how important real estate comps are to our end profits.  I also wanted to share a few common myths which will help you during your learning curve:

Real estate investing is for the wealthy:  This is perhaps the biggest myth out there. There are a wide range of deals to negotiate, from $0 down to thousands of dollars down, which means there are deals all sizes available. What you need to do is research with your InvestorCompsOnline account and plan carefully.

Understand this guys,  many deals are done by people who work 9-5 jobs everyday. They may not take as great of a risk as someone wealthy, but there are still enough deals to spread around. Success in real estate investing is in your due diligence.

You need experience:  You may be envious of the people you see on those infomercials making a fortune in the real estate market, and you probably think it could never happen to you. They must have years of experience. But the truth is while those people may have been lucky, odds are they’re just savvy investors. If you learn as much as you can about investing in real estate and plan your next move carefully, you could easily join their ranks.

You need good credit:  Good credit helps, but you don’t need it to make money in real estate. There are so many creative ways to invest in real estate without ever looking at your credit. Again, you must learn your options and do your research.  I would, however, urge you to work on repairing your credit because it allows you even more options and more power when investing in real estate. 

It will not work in your area:  It works in EVERY area. True, it may work differently in some markets than in others, but there are investors making money in every city, every day of the week. You have to learn your market: the rents, the trends, the local customs, the bankers, the title companies, etc.There are many myths which keep very capable people from venturing in the world of real estate investing. Myths can actually cost you thousands of dollars if you do not know the truth. Don’t wait unitl 2012 to get the ball rolling, start this Christmas season and instead start 2012 on a strong footing.  Get help from InvestorCompsOnline‘s educational tools and support system  and learn the real truth as you begin your journey to successful real estate investing.

Monthly Archives: December 2011

Happy New Year To YOU!

As we prepare for the new year, we as investors know 2012 looks bright for us.  The prospect of all the different types of properties available are exciting to say the least.  Using solid real estate comps to decide which to go after is always a wise choice.

One thing we should all keep in mind are the costs of construction materials and labor.  The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies in other parts of the world.  Additionally, the cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices.  Look for a contractor who gives a realistic price as well as time schedule.  

Once you have your property renovated, it’s time to market and sell.  I use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to list properties and build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.

I challenge you in 2012 to keep a watchful eye on your construction costs as well as use social networking/marketing to make your deals happen faster.  Always know InvestorCompsOnline is available to you to assist you each step of the way..

Happy Investing in 2012!!

Making YOUR New Year Bright!

As a real estate investor two of the greatest challenges we face is finding good real estate comps and finding the right network to help us grow our business successfully. With all of the different components we need for a thriving real estate team, I have found the ability to create a large network through social media has become a tremendous asset to my business.

What I have done is use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. 

One of the advantages of using social media is the ability for you to find specific information about targeted groups or individuals. For example, on Twitter I have an account that has several real estate investors in the country. Whenever I sell a property, I make sure that this list gets some extra tweets about the property, so all of my investors on the list have the chance to contact me.

On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.   I have have had the benefit of being able to build on these new found relationships for future deals.

The power of using social media for real estate is tremendous, so take advantage of the trends which are occurring across the nation and join real estate investors who are using social networking to create a better real estate investment environment.

 

2011 Going Out With Higher Costs!

I truly hope that each one of you enjoyed your time with family and friends during Christmas.  I wanted to step away from my typical real estate comps related topic today.  I wanted to share and excerpt from my local newspaper’s business section.  This is article should be interesting to all of us that buy and renovate or rehab properties.  It discusses one of our main expenses, building materials…..

…………When the economy was strong and construction was booming, prices for products such as lumber and drywall rose almost by the day.

After the economy crashed and construction went from a torrent to a trickle, contractors such as Ted Benning said they could count on those prices to routinely drop in line with the slacking demand.

The picture now, though, is starting to get murky.

Though the construction industry isn’t exactly booming, Benning and other Georgia contractors are seeing the cost of building products heading up again, and that could mean dollars won’t go quite as far for everything from public works projects to home renovations.

But indicators at a national level suggest the price increases that some local contractors are seeing could reverse slightly given global economic uncertainty.

“I think that the question of whether [price hikes] stick or not is a question of demand,” Benning said.

Ready-mix concrete and electrical wiring components are among the products suppliers have said could rise 5 percent to 10 percent in the new year, the president of Atlanta-based Benning Construction said.

The Atlanta Journal-Constitution recently reported Cobb County was seeing bids for school construction projects rise unexpectedly, though other metro counties weren’t seeing quite the same phenomenon.

The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies such as Brazil, China and India.

Bill Anderson, president of the Associated Builders and Contractors of Georgia, said his members have indicated they are seeing prices rise, but data from the national level indicate it might be a temporary trend.

Overall, construction prices dipped in November by 0.1 percent but are up 6.2 percent over last year, according to a report by Associated Builders and Contractors, citing government data.

Monthly steel prices have declined, though steel is still up 11.2 percent over November 2010, the report said. Petroleum, which affects the price of transporting commodities, is up 19.3 percent over a year ago.

The economies of Brazil, China and India are slowing, and the dollar is gaining some strength relative to the euro, the report said.

“There has continued to be downward pressure on commodity prices,” Anirban Basu, the chief economist for Associated Builders and Contractors, said in a Dec. 15 report. “This is likely to translate into additional declines in construction materials prices as we approach 2012 and beyond.

“However, the decline in construction materials prices is most welcome and may induce a larger number of projects to move forward than expected,” Basu said.

The cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices. But in some trades or locations, there’s less competition, Benning said, because some contractors who had bid for work at unsustainably low prices are now out of business.

The remaining players can charge higher rates, said Benning, whose firm builds shopping centers, educational facilities and other large projects. The costs of health care and other types of insurance also are rising.

For building material prices to soar, it would require stronger U.S. demand and a ramp-up of activity in emerging markets, said Conor McNally, chief development officer with the Atlanta-based real estate firm Carter. Carter has projects throughout the Southeast and Midwest, including a $600 million mixed-use project in Cincinnati.

McNally said his firm has seen isolated cases of price increases, but construction costs largely have stabilized.

The industry, he said, has seen sudden “blips” in prices as producers of building materials try to rationalize their supplies with wobbly demand.

The industry saw double-digit price inflation from 2003 to 2006 for supplies and labor, McNally said, which corrected with the fallout of the economy.

Bids for projects remain aggressive as there remains a lack of demand.

“We’re technically in recovery,” he said, “but it’s a slow and hard one.”

These are just a few insights that everyone may want to keep in mind as you are planning your rehab projects on your next property.

I wish you the best in investments!

MJ (Mark Jackson)

 

 

Merry Christmas To You!

As we prepare to celebrate the birth of Jesus Christ, many people are making plans to be with family.  I personally am excited about spending quality time with my wife, children, and grand-children.  I want to take a few moments to discuss real estate comps and a few more real estate investing highlights from this week.

REO properties, which are bank owned homes,  have many positive aspects.  The main benefit that comes to mind is buying homes at a discount.  In our depressed market – or a buyer’s market – home prices are usually below the assessed value.  This enables you, the buyer in this case, to use your InvestorCompsOnline access to research and decide on an offer price that helps you make your profit when you buy. 

Another way to make a profit on these foreclosed properties is by flipping.  To flip a property basically means to take the property and make upgrades or repairs before selling.  One of the greatest benefits of flipping houses for profit is the payoff is substantially larger – and the fact that you work on your own terms. However, with those benefits come the important realities such as hiring outside help in order to bring the property you purchased up to standards.  The goal would be to hire contractors at a good rate that still allows you both to profit.  Remember guys, always work with integrity and honesty and you will build a solid reputation.

As I close, I encourage you all to keep focused on projects that you are pursuing.  I hope my advice is helpful and useful in your day to day business deals.  I sincerely pray that each one of you has a blessed holiday with those you love!

MERRY CHRISTMAS!!!

A Christmas Gift – The ABC’s Of Real Estate

When you train with a responsible and competent mentor or coach real estate investment myths are dispelled.  Learning to decipher the truth from a myth can save you a lot of trouble and time.  We already know how important real estate comps are to our end profits.  I also wanted to share a few common myths which will help you during your learning curve:

Real estate investing is for the wealthy:  This is perhaps the biggest myth out there. There are a wide range of deals to negotiate, from $0 down to thousands of dollars down, which means there are deals all sizes available. What you need to do is research with your InvestorCompsOnline account and plan carefully.

Understand this guys,  many deals are done by people who work 9-5 jobs everyday. They may not take as great of a risk as someone wealthy, but there are still enough deals to spread around. Success in real estate investing is in your due diligence.

You need experience:  You may be envious of the people you see on those infomercials making a fortune in the real estate market, and you probably think it could never happen to you. They must have years of experience. But the truth is while those people may have been lucky, odds are they’re just savvy investors. If you learn as much as you can about investing in real estate and plan your next move carefully, you could easily join their ranks.

You need good credit:  Good credit helps, but you don’t need it to make money in real estate. There are so many creative ways to invest in real estate without ever looking at your credit. Again, you must learn your options and do your research.  I would, however, urge you to work on repairing your credit because it allows you even more options and more power when investing in real estate. 

It will not work in your area:  It works in EVERY area. True, it may work differently in some markets than in others, but there are investors making money in every city, every day of the week. You have to learn your market: the rents, the trends, the local customs, the bankers, the title companies, etc.There are many myths which keep very capable people from venturing in the world of real estate investing. Myths can actually cost you thousands of dollars if you do not know the truth. Don’t wait unitl 2012 to get the ball rolling, start this Christmas season and instead start 2012 on a strong footing.  Get help from InvestorCompsOnline‘s educational tools and support system  and learn the real truth as you begin your journey to successful real estate investing.

Monthly Archives: December 2011

Happy New Year To YOU!

As we prepare for the new year, we as investors know 2012 looks bright for us.  The prospect of all the different types of properties available are exciting to say the least.  Using solid real estate comps to decide which to go after is always a wise choice.

One thing we should all keep in mind are the costs of construction materials and labor.  The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies in other parts of the world.  Additionally, the cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices.  Look for a contractor who gives a realistic price as well as time schedule.  

Once you have your property renovated, it’s time to market and sell.  I use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to list properties and build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.

I challenge you in 2012 to keep a watchful eye on your construction costs as well as use social networking/marketing to make your deals happen faster.  Always know InvestorCompsOnline is available to you to assist you each step of the way..

Happy Investing in 2012!!

Making YOUR New Year Bright!

As a real estate investor two of the greatest challenges we face is finding good real estate comps and finding the right network to help us grow our business successfully. With all of the different components we need for a thriving real estate team, I have found the ability to create a large network through social media has become a tremendous asset to my business.

What I have done is use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. 

One of the advantages of using social media is the ability for you to find specific information about targeted groups or individuals. For example, on Twitter I have an account that has several real estate investors in the country. Whenever I sell a property, I make sure that this list gets some extra tweets about the property, so all of my investors on the list have the chance to contact me.

On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.   I have have had the benefit of being able to build on these new found relationships for future deals.

The power of using social media for real estate is tremendous, so take advantage of the trends which are occurring across the nation and join real estate investors who are using social networking to create a better real estate investment environment.

 

2011 Going Out With Higher Costs!

I truly hope that each one of you enjoyed your time with family and friends during Christmas.  I wanted to step away from my typical real estate comps related topic today.  I wanted to share and excerpt from my local newspaper’s business section.  This is article should be interesting to all of us that buy and renovate or rehab properties.  It discusses one of our main expenses, building materials…..

…………When the economy was strong and construction was booming, prices for products such as lumber and drywall rose almost by the day.

After the economy crashed and construction went from a torrent to a trickle, contractors such as Ted Benning said they could count on those prices to routinely drop in line with the slacking demand.

The picture now, though, is starting to get murky.

Though the construction industry isn’t exactly booming, Benning and other Georgia contractors are seeing the cost of building products heading up again, and that could mean dollars won’t go quite as far for everything from public works projects to home renovations.

But indicators at a national level suggest the price increases that some local contractors are seeing could reverse slightly given global economic uncertainty.

“I think that the question of whether [price hikes] stick or not is a question of demand,” Benning said.

Ready-mix concrete and electrical wiring components are among the products suppliers have said could rise 5 percent to 10 percent in the new year, the president of Atlanta-based Benning Construction said.

The Atlanta Journal-Constitution recently reported Cobb County was seeing bids for school construction projects rise unexpectedly, though other metro counties weren’t seeing quite the same phenomenon.

The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies such as Brazil, China and India.

Bill Anderson, president of the Associated Builders and Contractors of Georgia, said his members have indicated they are seeing prices rise, but data from the national level indicate it might be a temporary trend.

Overall, construction prices dipped in November by 0.1 percent but are up 6.2 percent over last year, according to a report by Associated Builders and Contractors, citing government data.

Monthly steel prices have declined, though steel is still up 11.2 percent over November 2010, the report said. Petroleum, which affects the price of transporting commodities, is up 19.3 percent over a year ago.

The economies of Brazil, China and India are slowing, and the dollar is gaining some strength relative to the euro, the report said.

“There has continued to be downward pressure on commodity prices,” Anirban Basu, the chief economist for Associated Builders and Contractors, said in a Dec. 15 report. “This is likely to translate into additional declines in construction materials prices as we approach 2012 and beyond.

“However, the decline in construction materials prices is most welcome and may induce a larger number of projects to move forward than expected,” Basu said.

The cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices. But in some trades or locations, there’s less competition, Benning said, because some contractors who had bid for work at unsustainably low prices are now out of business.

The remaining players can charge higher rates, said Benning, whose firm builds shopping centers, educational facilities and other large projects. The costs of health care and other types of insurance also are rising.

For building material prices to soar, it would require stronger U.S. demand and a ramp-up of activity in emerging markets, said Conor McNally, chief development officer with the Atlanta-based real estate firm Carter. Carter has projects throughout the Southeast and Midwest, including a $600 million mixed-use project in Cincinnati.

McNally said his firm has seen isolated cases of price increases, but construction costs largely have stabilized.

The industry, he said, has seen sudden “blips” in prices as producers of building materials try to rationalize their supplies with wobbly demand.

The industry saw double-digit price inflation from 2003 to 2006 for supplies and labor, McNally said, which corrected with the fallout of the economy.

Bids for projects remain aggressive as there remains a lack of demand.

“We’re technically in recovery,” he said, “but it’s a slow and hard one.”

These are just a few insights that everyone may want to keep in mind as you are planning your rehab projects on your next property.

I wish you the best in investments!

MJ (Mark Jackson)

 

 

Merry Christmas To You!

As we prepare to celebrate the birth of Jesus Christ, many people are making plans to be with family.  I personally am excited about spending quality time with my wife, children, and grand-children.  I want to take a few moments to discuss real estate comps and a few more real estate investing highlights from this week.

REO properties, which are bank owned homes,  have many positive aspects.  The main benefit that comes to mind is buying homes at a discount.  In our depressed market – or a buyer’s market – home prices are usually below the assessed value.  This enables you, the buyer in this case, to use your InvestorCompsOnline access to research and decide on an offer price that helps you make your profit when you buy. 

Another way to make a profit on these foreclosed properties is by flipping.  To flip a property basically means to take the property and make upgrades or repairs before selling.  One of the greatest benefits of flipping houses for profit is the payoff is substantially larger – and the fact that you work on your own terms. However, with those benefits come the important realities such as hiring outside help in order to bring the property you purchased up to standards.  The goal would be to hire contractors at a good rate that still allows you both to profit.  Remember guys, always work with integrity and honesty and you will build a solid reputation.

As I close, I encourage you all to keep focused on projects that you are pursuing.  I hope my advice is helpful and useful in your day to day business deals.  I sincerely pray that each one of you has a blessed holiday with those you love!

MERRY CHRISTMAS!!!

A Christmas Gift – The ABC’s Of Real Estate

When you train with a responsible and competent mentor or coach real estate investment myths are dispelled.  Learning to decipher the truth from a myth can save you a lot of trouble and time.  We already know how important real estate comps are to our end profits.  I also wanted to share a few common myths which will help you during your learning curve:

Real estate investing is for the wealthy:  This is perhaps the biggest myth out there. There are a wide range of deals to negotiate, from $0 down to thousands of dollars down, which means there are deals all sizes available. What you need to do is research with your InvestorCompsOnline account and plan carefully.

Understand this guys,  many deals are done by people who work 9-5 jobs everyday. They may not take as great of a risk as someone wealthy, but there are still enough deals to spread around. Success in real estate investing is in your due diligence.

You need experience:  You may be envious of the people you see on those infomercials making a fortune in the real estate market, and you probably think it could never happen to you. They must have years of experience. But the truth is while those people may have been lucky, odds are they’re just savvy investors. If you learn as much as you can about investing in real estate and plan your next move carefully, you could easily join their ranks.

You need good credit:  Good credit helps, but you don’t need it to make money in real estate. There are so many creative ways to invest in real estate without ever looking at your credit. Again, you must learn your options and do your research.  I would, however, urge you to work on repairing your credit because it allows you even more options and more power when investing in real estate. 

It will not work in your area:  It works in EVERY area. True, it may work differently in some markets than in others, but there are investors making money in every city, every day of the week. You have to learn your market: the rents, the trends, the local customs, the bankers, the title companies, etc.There are many myths which keep very capable people from venturing in the world of real estate investing. Myths can actually cost you thousands of dollars if you do not know the truth. Don’t wait unitl 2012 to get the ball rolling, start this Christmas season and instead start 2012 on a strong footing.  Get help from InvestorCompsOnline‘s educational tools and support system  and learn the real truth as you begin your journey to successful real estate investing.

Monthly Archives: December 2011

Happy New Year To YOU!

As we prepare for the new year, we as investors know 2012 looks bright for us.  The prospect of all the different types of properties available are exciting to say the least.  Using solid real estate comps to decide which to go after is always a wise choice.

One thing we should all keep in mind are the costs of construction materials and labor.  The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies in other parts of the world.  Additionally, the cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices.  Look for a contractor who gives a realistic price as well as time schedule.  

Once you have your property renovated, it’s time to market and sell.  I use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to list properties and build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.

I challenge you in 2012 to keep a watchful eye on your construction costs as well as use social networking/marketing to make your deals happen faster.  Always know InvestorCompsOnline is available to you to assist you each step of the way..

Happy Investing in 2012!!

Making YOUR New Year Bright!

As a real estate investor two of the greatest challenges we face is finding good real estate comps and finding the right network to help us grow our business successfully. With all of the different components we need for a thriving real estate team, I have found the ability to create a large network through social media has become a tremendous asset to my business.

What I have done is use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. 

One of the advantages of using social media is the ability for you to find specific information about targeted groups or individuals. For example, on Twitter I have an account that has several real estate investors in the country. Whenever I sell a property, I make sure that this list gets some extra tweets about the property, so all of my investors on the list have the chance to contact me.

On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.   I have have had the benefit of being able to build on these new found relationships for future deals.

The power of using social media for real estate is tremendous, so take advantage of the trends which are occurring across the nation and join real estate investors who are using social networking to create a better real estate investment environment.

 

2011 Going Out With Higher Costs!

I truly hope that each one of you enjoyed your time with family and friends during Christmas.  I wanted to step away from my typical real estate comps related topic today.  I wanted to share and excerpt from my local newspaper’s business section.  This is article should be interesting to all of us that buy and renovate or rehab properties.  It discusses one of our main expenses, building materials…..

…………When the economy was strong and construction was booming, prices for products such as lumber and drywall rose almost by the day.

After the economy crashed and construction went from a torrent to a trickle, contractors such as Ted Benning said they could count on those prices to routinely drop in line with the slacking demand.

The picture now, though, is starting to get murky.

Though the construction industry isn’t exactly booming, Benning and other Georgia contractors are seeing the cost of building products heading up again, and that could mean dollars won’t go quite as far for everything from public works projects to home renovations.

But indicators at a national level suggest the price increases that some local contractors are seeing could reverse slightly given global economic uncertainty.

“I think that the question of whether [price hikes] stick or not is a question of demand,” Benning said.

Ready-mix concrete and electrical wiring components are among the products suppliers have said could rise 5 percent to 10 percent in the new year, the president of Atlanta-based Benning Construction said.

The Atlanta Journal-Constitution recently reported Cobb County was seeing bids for school construction projects rise unexpectedly, though other metro counties weren’t seeing quite the same phenomenon.

The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies such as Brazil, China and India.

Bill Anderson, president of the Associated Builders and Contractors of Georgia, said his members have indicated they are seeing prices rise, but data from the national level indicate it might be a temporary trend.

Overall, construction prices dipped in November by 0.1 percent but are up 6.2 percent over last year, according to a report by Associated Builders and Contractors, citing government data.

Monthly steel prices have declined, though steel is still up 11.2 percent over November 2010, the report said. Petroleum, which affects the price of transporting commodities, is up 19.3 percent over a year ago.

The economies of Brazil, China and India are slowing, and the dollar is gaining some strength relative to the euro, the report said.

“There has continued to be downward pressure on commodity prices,” Anirban Basu, the chief economist for Associated Builders and Contractors, said in a Dec. 15 report. “This is likely to translate into additional declines in construction materials prices as we approach 2012 and beyond.

“However, the decline in construction materials prices is most welcome and may induce a larger number of projects to move forward than expected,” Basu said.

The cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices. But in some trades or locations, there’s less competition, Benning said, because some contractors who had bid for work at unsustainably low prices are now out of business.

The remaining players can charge higher rates, said Benning, whose firm builds shopping centers, educational facilities and other large projects. The costs of health care and other types of insurance also are rising.

For building material prices to soar, it would require stronger U.S. demand and a ramp-up of activity in emerging markets, said Conor McNally, chief development officer with the Atlanta-based real estate firm Carter. Carter has projects throughout the Southeast and Midwest, including a $600 million mixed-use project in Cincinnati.

McNally said his firm has seen isolated cases of price increases, but construction costs largely have stabilized.

The industry, he said, has seen sudden “blips” in prices as producers of building materials try to rationalize their supplies with wobbly demand.

The industry saw double-digit price inflation from 2003 to 2006 for supplies and labor, McNally said, which corrected with the fallout of the economy.

Bids for projects remain aggressive as there remains a lack of demand.

“We’re technically in recovery,” he said, “but it’s a slow and hard one.”

These are just a few insights that everyone may want to keep in mind as you are planning your rehab projects on your next property.

I wish you the best in investments!

MJ (Mark Jackson)

 

 

Merry Christmas To You!

As we prepare to celebrate the birth of Jesus Christ, many people are making plans to be with family.  I personally am excited about spending quality time with my wife, children, and grand-children.  I want to take a few moments to discuss real estate comps and a few more real estate investing highlights from this week.

REO properties, which are bank owned homes,  have many positive aspects.  The main benefit that comes to mind is buying homes at a discount.  In our depressed market – or a buyer’s market – home prices are usually below the assessed value.  This enables you, the buyer in this case, to use your InvestorCompsOnline access to research and decide on an offer price that helps you make your profit when you buy. 

Another way to make a profit on these foreclosed properties is by flipping.  To flip a property basically means to take the property and make upgrades or repairs before selling.  One of the greatest benefits of flipping houses for profit is the payoff is substantially larger – and the fact that you work on your own terms. However, with those benefits come the important realities such as hiring outside help in order to bring the property you purchased up to standards.  The goal would be to hire contractors at a good rate that still allows you both to profit.  Remember guys, always work with integrity and honesty and you will build a solid reputation.

As I close, I encourage you all to keep focused on projects that you are pursuing.  I hope my advice is helpful and useful in your day to day business deals.  I sincerely pray that each one of you has a blessed holiday with those you love!

MERRY CHRISTMAS!!!

A Christmas Gift – The ABC’s Of Real Estate

When you train with a responsible and competent mentor or coach real estate investment myths are dispelled.  Learning to decipher the truth from a myth can save you a lot of trouble and time.  We already know how important real estate comps are to our end profits.  I also wanted to share a few common myths which will help you during your learning curve:

Real estate investing is for the wealthy:  This is perhaps the biggest myth out there. There are a wide range of deals to negotiate, from $0 down to thousands of dollars down, which means there are deals all sizes available. What you need to do is research with your InvestorCompsOnline account and plan carefully.

Understand this guys,  many deals are done by people who work 9-5 jobs everyday. They may not take as great of a risk as someone wealthy, but there are still enough deals to spread around. Success in real estate investing is in your due diligence.

You need experience:  You may be envious of the people you see on those infomercials making a fortune in the real estate market, and you probably think it could never happen to you. They must have years of experience. But the truth is while those people may have been lucky, odds are they’re just savvy investors. If you learn as much as you can about investing in real estate and plan your next move carefully, you could easily join their ranks.

You need good credit:  Good credit helps, but you don’t need it to make money in real estate. There are so many creative ways to invest in real estate without ever looking at your credit. Again, you must learn your options and do your research.  I would, however, urge you to work on repairing your credit because it allows you even more options and more power when investing in real estate. 

It will not work in your area:  It works in EVERY area. True, it may work differently in some markets than in others, but there are investors making money in every city, every day of the week. You have to learn your market: the rents, the trends, the local customs, the bankers, the title companies, etc.There are many myths which keep very capable people from venturing in the world of real estate investing. Myths can actually cost you thousands of dollars if you do not know the truth. Don’t wait unitl 2012 to get the ball rolling, start this Christmas season and instead start 2012 on a strong footing.  Get help from InvestorCompsOnline‘s educational tools and support system  and learn the real truth as you begin your journey to successful real estate investing.

Monthly Archives: December 2011

Happy New Year To YOU!

As we prepare for the new year, we as investors know 2012 looks bright for us.  The prospect of all the different types of properties available are exciting to say the least.  Using solid real estate comps to decide which to go after is always a wise choice.

One thing we should all keep in mind are the costs of construction materials and labor.  The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies in other parts of the world.  Additionally, the cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices.  Look for a contractor who gives a realistic price as well as time schedule.  

Once you have your property renovated, it’s time to market and sell.  I use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to list properties and build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.

I challenge you in 2012 to keep a watchful eye on your construction costs as well as use social networking/marketing to make your deals happen faster.  Always know InvestorCompsOnline is available to you to assist you each step of the way..

Happy Investing in 2012!!

Making YOUR New Year Bright!

As a real estate investor two of the greatest challenges we face is finding good real estate comps and finding the right network to help us grow our business successfully. With all of the different components we need for a thriving real estate team, I have found the ability to create a large network through social media has become a tremendous asset to my business.

What I have done is use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. 

One of the advantages of using social media is the ability for you to find specific information about targeted groups or individuals. For example, on Twitter I have an account that has several real estate investors in the country. Whenever I sell a property, I make sure that this list gets some extra tweets about the property, so all of my investors on the list have the chance to contact me.

On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.   I have have had the benefit of being able to build on these new found relationships for future deals.

The power of using social media for real estate is tremendous, so take advantage of the trends which are occurring across the nation and join real estate investors who are using social networking to create a better real estate investment environment.

 

2011 Going Out With Higher Costs!

I truly hope that each one of you enjoyed your time with family and friends during Christmas.  I wanted to step away from my typical real estate comps related topic today.  I wanted to share and excerpt from my local newspaper’s business section.  This is article should be interesting to all of us that buy and renovate or rehab properties.  It discusses one of our main expenses, building materials…..

…………When the economy was strong and construction was booming, prices for products such as lumber and drywall rose almost by the day.

After the economy crashed and construction went from a torrent to a trickle, contractors such as Ted Benning said they could count on those prices to routinely drop in line with the slacking demand.

The picture now, though, is starting to get murky.

Though the construction industry isn’t exactly booming, Benning and other Georgia contractors are seeing the cost of building products heading up again, and that could mean dollars won’t go quite as far for everything from public works projects to home renovations.

But indicators at a national level suggest the price increases that some local contractors are seeing could reverse slightly given global economic uncertainty.

“I think that the question of whether [price hikes] stick or not is a question of demand,” Benning said.

Ready-mix concrete and electrical wiring components are among the products suppliers have said could rise 5 percent to 10 percent in the new year, the president of Atlanta-based Benning Construction said.

The Atlanta Journal-Constitution recently reported Cobb County was seeing bids for school construction projects rise unexpectedly, though other metro counties weren’t seeing quite the same phenomenon.

The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies such as Brazil, China and India.

Bill Anderson, president of the Associated Builders and Contractors of Georgia, said his members have indicated they are seeing prices rise, but data from the national level indicate it might be a temporary trend.

Overall, construction prices dipped in November by 0.1 percent but are up 6.2 percent over last year, according to a report by Associated Builders and Contractors, citing government data.

Monthly steel prices have declined, though steel is still up 11.2 percent over November 2010, the report said. Petroleum, which affects the price of transporting commodities, is up 19.3 percent over a year ago.

The economies of Brazil, China and India are slowing, and the dollar is gaining some strength relative to the euro, the report said.

“There has continued to be downward pressure on commodity prices,” Anirban Basu, the chief economist for Associated Builders and Contractors, said in a Dec. 15 report. “This is likely to translate into additional declines in construction materials prices as we approach 2012 and beyond.

“However, the decline in construction materials prices is most welcome and may induce a larger number of projects to move forward than expected,” Basu said.

The cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices. But in some trades or locations, there’s less competition, Benning said, because some contractors who had bid for work at unsustainably low prices are now out of business.

The remaining players can charge higher rates, said Benning, whose firm builds shopping centers, educational facilities and other large projects. The costs of health care and other types of insurance also are rising.

For building material prices to soar, it would require stronger U.S. demand and a ramp-up of activity in emerging markets, said Conor McNally, chief development officer with the Atlanta-based real estate firm Carter. Carter has projects throughout the Southeast and Midwest, including a $600 million mixed-use project in Cincinnati.

McNally said his firm has seen isolated cases of price increases, but construction costs largely have stabilized.

The industry, he said, has seen sudden “blips” in prices as producers of building materials try to rationalize their supplies with wobbly demand.

The industry saw double-digit price inflation from 2003 to 2006 for supplies and labor, McNally said, which corrected with the fallout of the economy.

Bids for projects remain aggressive as there remains a lack of demand.

“We’re technically in recovery,” he said, “but it’s a slow and hard one.”

These are just a few insights that everyone may want to keep in mind as you are planning your rehab projects on your next property.

I wish you the best in investments!

MJ (Mark Jackson)

 

 

Merry Christmas To You!

As we prepare to celebrate the birth of Jesus Christ, many people are making plans to be with family.  I personally am excited about spending quality time with my wife, children, and grand-children.  I want to take a few moments to discuss real estate comps and a few more real estate investing highlights from this week.

REO properties, which are bank owned homes,  have many positive aspects.  The main benefit that comes to mind is buying homes at a discount.  In our depressed market – or a buyer’s market – home prices are usually below the assessed value.  This enables you, the buyer in this case, to use your InvestorCompsOnline access to research and decide on an offer price that helps you make your profit when you buy. 

Another way to make a profit on these foreclosed properties is by flipping.  To flip a property basically means to take the property and make upgrades or repairs before selling.  One of the greatest benefits of flipping houses for profit is the payoff is substantially larger – and the fact that you work on your own terms. However, with those benefits come the important realities such as hiring outside help in order to bring the property you purchased up to standards.  The goal would be to hire contractors at a good rate that still allows you both to profit.  Remember guys, always work with integrity and honesty and you will build a solid reputation.

As I close, I encourage you all to keep focused on projects that you are pursuing.  I hope my advice is helpful and useful in your day to day business deals.  I sincerely pray that each one of you has a blessed holiday with those you love!

MERRY CHRISTMAS!!!

A Christmas Gift – The ABC’s Of Real Estate

When you train with a responsible and competent mentor or coach real estate investment myths are dispelled.  Learning to decipher the truth from a myth can save you a lot of trouble and time.  We already know how important real estate comps are to our end profits.  I also wanted to share a few common myths which will help you during your learning curve:

Real estate investing is for the wealthy:  This is perhaps the biggest myth out there. There are a wide range of deals to negotiate, from $0 down to thousands of dollars down, which means there are deals all sizes available. What you need to do is research with your InvestorCompsOnline account and plan carefully.

Understand this guys,  many deals are done by people who work 9-5 jobs everyday. They may not take as great of a risk as someone wealthy, but there are still enough deals to spread around. Success in real estate investing is in your due diligence.

You need experience:  You may be envious of the people you see on those infomercials making a fortune in the real estate market, and you probably think it could never happen to you. They must have years of experience. But the truth is while those people may have been lucky, odds are they’re just savvy investors. If you learn as much as you can about investing in real estate and plan your next move carefully, you could easily join their ranks.

You need good credit:  Good credit helps, but you don’t need it to make money in real estate. There are so many creative ways to invest in real estate without ever looking at your credit. Again, you must learn your options and do your research.  I would, however, urge you to work on repairing your credit because it allows you even more options and more power when investing in real estate. 

It will not work in your area:  It works in EVERY area. True, it may work differently in some markets than in others, but there are investors making money in every city, every day of the week. You have to learn your market: the rents, the trends, the local customs, the bankers, the title companies, etc.There are many myths which keep very capable people from venturing in the world of real estate investing. Myths can actually cost you thousands of dollars if you do not know the truth. Don’t wait unitl 2012 to get the ball rolling, start this Christmas season and instead start 2012 on a strong footing.  Get help from InvestorCompsOnline‘s educational tools and support system  and learn the real truth as you begin your journey to successful real estate investing.

Monthly Archives: December 2011

Happy New Year To YOU!

As we prepare for the new year, we as investors know 2012 looks bright for us.  The prospect of all the different types of properties available are exciting to say the least.  Using solid real estate comps to decide which to go after is always a wise choice.

One thing we should all keep in mind are the costs of construction materials and labor.  The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies in other parts of the world.  Additionally, the cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices.  Look for a contractor who gives a realistic price as well as time schedule.  

Once you have your property renovated, it’s time to market and sell.  I use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to list properties and build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.

I challenge you in 2012 to keep a watchful eye on your construction costs as well as use social networking/marketing to make your deals happen faster.  Always know InvestorCompsOnline is available to you to assist you each step of the way..

Happy Investing in 2012!!

Making YOUR New Year Bright!

As a real estate investor two of the greatest challenges we face is finding good real estate comps and finding the right network to help us grow our business successfully. With all of the different components we need for a thriving real estate team, I have found the ability to create a large network through social media has become a tremendous asset to my business.

What I have done is use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. 

One of the advantages of using social media is the ability for you to find specific information about targeted groups or individuals. For example, on Twitter I have an account that has several real estate investors in the country. Whenever I sell a property, I make sure that this list gets some extra tweets about the property, so all of my investors on the list have the chance to contact me.

On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.   I have have had the benefit of being able to build on these new found relationships for future deals.

The power of using social media for real estate is tremendous, so take advantage of the trends which are occurring across the nation and join real estate investors who are using social networking to create a better real estate investment environment.

 

2011 Going Out With Higher Costs!

I truly hope that each one of you enjoyed your time with family and friends during Christmas.  I wanted to step away from my typical real estate comps related topic today.  I wanted to share and excerpt from my local newspaper’s business section.  This is article should be interesting to all of us that buy and renovate or rehab properties.  It discusses one of our main expenses, building materials…..

…………When the economy was strong and construction was booming, prices for products such as lumber and drywall rose almost by the day.

After the economy crashed and construction went from a torrent to a trickle, contractors such as Ted Benning said they could count on those prices to routinely drop in line with the slacking demand.

The picture now, though, is starting to get murky.

Though the construction industry isn’t exactly booming, Benning and other Georgia contractors are seeing the cost of building products heading up again, and that could mean dollars won’t go quite as far for everything from public works projects to home renovations.

But indicators at a national level suggest the price increases that some local contractors are seeing could reverse slightly given global economic uncertainty.

“I think that the question of whether [price hikes] stick or not is a question of demand,” Benning said.

Ready-mix concrete and electrical wiring components are among the products suppliers have said could rise 5 percent to 10 percent in the new year, the president of Atlanta-based Benning Construction said.

The Atlanta Journal-Constitution recently reported Cobb County was seeing bids for school construction projects rise unexpectedly, though other metro counties weren’t seeing quite the same phenomenon.

The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies such as Brazil, China and India.

Bill Anderson, president of the Associated Builders and Contractors of Georgia, said his members have indicated they are seeing prices rise, but data from the national level indicate it might be a temporary trend.

Overall, construction prices dipped in November by 0.1 percent but are up 6.2 percent over last year, according to a report by Associated Builders and Contractors, citing government data.

Monthly steel prices have declined, though steel is still up 11.2 percent over November 2010, the report said. Petroleum, which affects the price of transporting commodities, is up 19.3 percent over a year ago.

The economies of Brazil, China and India are slowing, and the dollar is gaining some strength relative to the euro, the report said.

“There has continued to be downward pressure on commodity prices,” Anirban Basu, the chief economist for Associated Builders and Contractors, said in a Dec. 15 report. “This is likely to translate into additional declines in construction materials prices as we approach 2012 and beyond.

“However, the decline in construction materials prices is most welcome and may induce a larger number of projects to move forward than expected,” Basu said.

The cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices. But in some trades or locations, there’s less competition, Benning said, because some contractors who had bid for work at unsustainably low prices are now out of business.

The remaining players can charge higher rates, said Benning, whose firm builds shopping centers, educational facilities and other large projects. The costs of health care and other types of insurance also are rising.

For building material prices to soar, it would require stronger U.S. demand and a ramp-up of activity in emerging markets, said Conor McNally, chief development officer with the Atlanta-based real estate firm Carter. Carter has projects throughout the Southeast and Midwest, including a $600 million mixed-use project in Cincinnati.

McNally said his firm has seen isolated cases of price increases, but construction costs largely have stabilized.

The industry, he said, has seen sudden “blips” in prices as producers of building materials try to rationalize their supplies with wobbly demand.

The industry saw double-digit price inflation from 2003 to 2006 for supplies and labor, McNally said, which corrected with the fallout of the economy.

Bids for projects remain aggressive as there remains a lack of demand.

“We’re technically in recovery,” he said, “but it’s a slow and hard one.”

These are just a few insights that everyone may want to keep in mind as you are planning your rehab projects on your next property.

I wish you the best in investments!

MJ (Mark Jackson)

 

 

Merry Christmas To You!

As we prepare to celebrate the birth of Jesus Christ, many people are making plans to be with family.  I personally am excited about spending quality time with my wife, children, and grand-children.  I want to take a few moments to discuss real estate comps and a few more real estate investing highlights from this week.

REO properties, which are bank owned homes,  have many positive aspects.  The main benefit that comes to mind is buying homes at a discount.  In our depressed market – or a buyer’s market – home prices are usually below the assessed value.  This enables you, the buyer in this case, to use your InvestorCompsOnline access to research and decide on an offer price that helps you make your profit when you buy. 

Another way to make a profit on these foreclosed properties is by flipping.  To flip a property basically means to take the property and make upgrades or repairs before selling.  One of the greatest benefits of flipping houses for profit is the payoff is substantially larger – and the fact that you work on your own terms. However, with those benefits come the important realities such as hiring outside help in order to bring the property you purchased up to standards.  The goal would be to hire contractors at a good rate that still allows you both to profit.  Remember guys, always work with integrity and honesty and you will build a solid reputation.

As I close, I encourage you all to keep focused on projects that you are pursuing.  I hope my advice is helpful and useful in your day to day business deals.  I sincerely pray that each one of you has a blessed holiday with those you love!

MERRY CHRISTMAS!!!

A Christmas Gift – The ABC’s Of Real Estate

When you train with a responsible and competent mentor or coach real estate investment myths are dispelled.  Learning to decipher the truth from a myth can save you a lot of trouble and time.  We already know how important real estate comps are to our end profits.  I also wanted to share a few common myths which will help you during your learning curve:

Real estate investing is for the wealthy:  This is perhaps the biggest myth out there. There are a wide range of deals to negotiate, from $0 down to thousands of dollars down, which means there are deals all sizes available. What you need to do is research with your InvestorCompsOnline account and plan carefully.

Understand this guys,  many deals are done by people who work 9-5 jobs everyday. They may not take as great of a risk as someone wealthy, but there are still enough deals to spread around. Success in real estate investing is in your due diligence.

You need experience:  You may be envious of the people you see on those infomercials making a fortune in the real estate market, and you probably think it could never happen to you. They must have years of experience. But the truth is while those people may have been lucky, odds are they’re just savvy investors. If you learn as much as you can about investing in real estate and plan your next move carefully, you could easily join their ranks.

You need good credit:  Good credit helps, but you don’t need it to make money in real estate. There are so many creative ways to invest in real estate without ever looking at your credit. Again, you must learn your options and do your research.  I would, however, urge you to work on repairing your credit because it allows you even more options and more power when investing in real estate. 

It will not work in your area:  It works in EVERY area. True, it may work differently in some markets than in others, but there are investors making money in every city, every day of the week. You have to learn your market: the rents, the trends, the local customs, the bankers, the title companies, etc.There are many myths which keep very capable people from venturing in the world of real estate investing. Myths can actually cost you thousands of dollars if you do not know the truth. Don’t wait unitl 2012 to get the ball rolling, start this Christmas season and instead start 2012 on a strong footing.  Get help from InvestorCompsOnline‘s educational tools and support system  and learn the real truth as you begin your journey to successful real estate investing.

Monthly Archives: December 2011

Happy New Year To YOU!

As we prepare for the new year, we as investors know 2012 looks bright for us.  The prospect of all the different types of properties available are exciting to say the least.  Using solid real estate comps to decide which to go after is always a wise choice.

One thing we should all keep in mind are the costs of construction materials and labor.  The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies in other parts of the world.  Additionally, the cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices.  Look for a contractor who gives a realistic price as well as time schedule.  

Once you have your property renovated, it’s time to market and sell.  I use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to list properties and build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.

I challenge you in 2012 to keep a watchful eye on your construction costs as well as use social networking/marketing to make your deals happen faster.  Always know InvestorCompsOnline is available to you to assist you each step of the way..

Happy Investing in 2012!!

Making YOUR New Year Bright!

As a real estate investor two of the greatest challenges we face is finding good real estate comps and finding the right network to help us grow our business successfully. With all of the different components we need for a thriving real estate team, I have found the ability to create a large network through social media has become a tremendous asset to my business.

What I have done is use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. 

One of the advantages of using social media is the ability for you to find specific information about targeted groups or individuals. For example, on Twitter I have an account that has several real estate investors in the country. Whenever I sell a property, I make sure that this list gets some extra tweets about the property, so all of my investors on the list have the chance to contact me.

On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.   I have have had the benefit of being able to build on these new found relationships for future deals.

The power of using social media for real estate is tremendous, so take advantage of the trends which are occurring across the nation and join real estate investors who are using social networking to create a better real estate investment environment.

 

2011 Going Out With Higher Costs!

I truly hope that each one of you enjoyed your time with family and friends during Christmas.  I wanted to step away from my typical real estate comps related topic today.  I wanted to share and excerpt from my local newspaper’s business section.  This is article should be interesting to all of us that buy and renovate or rehab properties.  It discusses one of our main expenses, building materials…..

…………When the economy was strong and construction was booming, prices for products such as lumber and drywall rose almost by the day.

After the economy crashed and construction went from a torrent to a trickle, contractors such as Ted Benning said they could count on those prices to routinely drop in line with the slacking demand.

The picture now, though, is starting to get murky.

Though the construction industry isn’t exactly booming, Benning and other Georgia contractors are seeing the cost of building products heading up again, and that could mean dollars won’t go quite as far for everything from public works projects to home renovations.

But indicators at a national level suggest the price increases that some local contractors are seeing could reverse slightly given global economic uncertainty.

“I think that the question of whether [price hikes] stick or not is a question of demand,” Benning said.

Ready-mix concrete and electrical wiring components are among the products suppliers have said could rise 5 percent to 10 percent in the new year, the president of Atlanta-based Benning Construction said.

The Atlanta Journal-Constitution recently reported Cobb County was seeing bids for school construction projects rise unexpectedly, though other metro counties weren’t seeing quite the same phenomenon.

The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies such as Brazil, China and India.

Bill Anderson, president of the Associated Builders and Contractors of Georgia, said his members have indicated they are seeing prices rise, but data from the national level indicate it might be a temporary trend.

Overall, construction prices dipped in November by 0.1 percent but are up 6.2 percent over last year, according to a report by Associated Builders and Contractors, citing government data.

Monthly steel prices have declined, though steel is still up 11.2 percent over November 2010, the report said. Petroleum, which affects the price of transporting commodities, is up 19.3 percent over a year ago.

The economies of Brazil, China and India are slowing, and the dollar is gaining some strength relative to the euro, the report said.

“There has continued to be downward pressure on commodity prices,” Anirban Basu, the chief economist for Associated Builders and Contractors, said in a Dec. 15 report. “This is likely to translate into additional declines in construction materials prices as we approach 2012 and beyond.

“However, the decline in construction materials prices is most welcome and may induce a larger number of projects to move forward than expected,” Basu said.

The cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices. But in some trades or locations, there’s less competition, Benning said, because some contractors who had bid for work at unsustainably low prices are now out of business.

The remaining players can charge higher rates, said Benning, whose firm builds shopping centers, educational facilities and other large projects. The costs of health care and other types of insurance also are rising.

For building material prices to soar, it would require stronger U.S. demand and a ramp-up of activity in emerging markets, said Conor McNally, chief development officer with the Atlanta-based real estate firm Carter. Carter has projects throughout the Southeast and Midwest, including a $600 million mixed-use project in Cincinnati.

McNally said his firm has seen isolated cases of price increases, but construction costs largely have stabilized.

The industry, he said, has seen sudden “blips” in prices as producers of building materials try to rationalize their supplies with wobbly demand.

The industry saw double-digit price inflation from 2003 to 2006 for supplies and labor, McNally said, which corrected with the fallout of the economy.

Bids for projects remain aggressive as there remains a lack of demand.

“We’re technically in recovery,” he said, “but it’s a slow and hard one.”

These are just a few insights that everyone may want to keep in mind as you are planning your rehab projects on your next property.

I wish you the best in investments!

MJ (Mark Jackson)

 

 

Merry Christmas To You!

As we prepare to celebrate the birth of Jesus Christ, many people are making plans to be with family.  I personally am excited about spending quality time with my wife, children, and grand-children.  I want to take a few moments to discuss real estate comps and a few more real estate investing highlights from this week.

REO properties, which are bank owned homes,  have many positive aspects.  The main benefit that comes to mind is buying homes at a discount.  In our depressed market – or a buyer’s market – home prices are usually below the assessed value.  This enables you, the buyer in this case, to use your InvestorCompsOnline access to research and decide on an offer price that helps you make your profit when you buy. 

Another way to make a profit on these foreclosed properties is by flipping.  To flip a property basically means to take the property and make upgrades or repairs before selling.  One of the greatest benefits of flipping houses for profit is the payoff is substantially larger – and the fact that you work on your own terms. However, with those benefits come the important realities such as hiring outside help in order to bring the property you purchased up to standards.  The goal would be to hire contractors at a good rate that still allows you both to profit.  Remember guys, always work with integrity and honesty and you will build a solid reputation.

As I close, I encourage you all to keep focused on projects that you are pursuing.  I hope my advice is helpful and useful in your day to day business deals.  I sincerely pray that each one of you has a blessed holiday with those you love!

MERRY CHRISTMAS!!!

A Christmas Gift – The ABC’s Of Real Estate

When you train with a responsible and competent mentor or coach real estate investment myths are dispelled.  Learning to decipher the truth from a myth can save you a lot of trouble and time.  We already know how important real estate comps are to our end profits.  I also wanted to share a few common myths which will help you during your learning curve:

Real estate investing is for the wealthy:  This is perhaps the biggest myth out there. There are a wide range of deals to negotiate, from $0 down to thousands of dollars down, which means there are deals all sizes available. What you need to do is research with your InvestorCompsOnline account and plan carefully.

Understand this guys,  many deals are done by people who work 9-5 jobs everyday. They may not take as great of a risk as someone wealthy, but there are still enough deals to spread around. Success in real estate investing is in your due diligence.

You need experience:  You may be envious of the people you see on those infomercials making a fortune in the real estate market, and you probably think it could never happen to you. They must have years of experience. But the truth is while those people may have been lucky, odds are they’re just savvy investors. If you learn as much as you can about investing in real estate and plan your next move carefully, you could easily join their ranks.

You need good credit:  Good credit helps, but you don’t need it to make money in real estate. There are so many creative ways to invest in real estate without ever looking at your credit. Again, you must learn your options and do your research.  I would, however, urge you to work on repairing your credit because it allows you even more options and more power when investing in real estate. 

It will not work in your area:  It works in EVERY area. True, it may work differently in some markets than in others, but there are investors making money in every city, every day of the week. You have to learn your market: the rents, the trends, the local customs, the bankers, the title companies, etc.There are many myths which keep very capable people from venturing in the world of real estate investing. Myths can actually cost you thousands of dollars if you do not know the truth. Don’t wait unitl 2012 to get the ball rolling, start this Christmas season and instead start 2012 on a strong footing.  Get help from InvestorCompsOnline‘s educational tools and support system  and learn the real truth as you begin your journey to successful real estate investing.

Monthly Archives: December 2011

Happy New Year To YOU!

As we prepare for the new year, we as investors know 2012 looks bright for us.  The prospect of all the different types of properties available are exciting to say the least.  Using solid real estate comps to decide which to go after is always a wise choice.

One thing we should all keep in mind are the costs of construction materials and labor.  The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies in other parts of the world.  Additionally, the cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices.  Look for a contractor who gives a realistic price as well as time schedule.  

Once you have your property renovated, it’s time to market and sell.  I use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to list properties and build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.

I challenge you in 2012 to keep a watchful eye on your construction costs as well as use social networking/marketing to make your deals happen faster.  Always know InvestorCompsOnline is available to you to assist you each step of the way..

Happy Investing in 2012!!

Making YOUR New Year Bright!

As a real estate investor two of the greatest challenges we face is finding good real estate comps and finding the right network to help us grow our business successfully. With all of the different components we need for a thriving real estate team, I have found the ability to create a large network through social media has become a tremendous asset to my business.

What I have done is use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. 

One of the advantages of using social media is the ability for you to find specific information about targeted groups or individuals. For example, on Twitter I have an account that has several real estate investors in the country. Whenever I sell a property, I make sure that this list gets some extra tweets about the property, so all of my investors on the list have the chance to contact me.

On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.   I have have had the benefit of being able to build on these new found relationships for future deals.

The power of using social media for real estate is tremendous, so take advantage of the trends which are occurring across the nation and join real estate investors who are using social networking to create a better real estate investment environment.

 

2011 Going Out With Higher Costs!

I truly hope that each one of you enjoyed your time with family and friends during Christmas.  I wanted to step away from my typical real estate comps related topic today.  I wanted to share and excerpt from my local newspaper’s business section.  This is article should be interesting to all of us that buy and renovate or rehab properties.  It discusses one of our main expenses, building materials…..

…………When the economy was strong and construction was booming, prices for products such as lumber and drywall rose almost by the day.

After the economy crashed and construction went from a torrent to a trickle, contractors such as Ted Benning said they could count on those prices to routinely drop in line with the slacking demand.

The picture now, though, is starting to get murky.

Though the construction industry isn’t exactly booming, Benning and other Georgia contractors are seeing the cost of building products heading up again, and that could mean dollars won’t go quite as far for everything from public works projects to home renovations.

But indicators at a national level suggest the price increases that some local contractors are seeing could reverse slightly given global economic uncertainty.

“I think that the question of whether [price hikes] stick or not is a question of demand,” Benning said.

Ready-mix concrete and electrical wiring components are among the products suppliers have said could rise 5 percent to 10 percent in the new year, the president of Atlanta-based Benning Construction said.

The Atlanta Journal-Constitution recently reported Cobb County was seeing bids for school construction projects rise unexpectedly, though other metro counties weren’t seeing quite the same phenomenon.

The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies such as Brazil, China and India.

Bill Anderson, president of the Associated Builders and Contractors of Georgia, said his members have indicated they are seeing prices rise, but data from the national level indicate it might be a temporary trend.

Overall, construction prices dipped in November by 0.1 percent but are up 6.2 percent over last year, according to a report by Associated Builders and Contractors, citing government data.

Monthly steel prices have declined, though steel is still up 11.2 percent over November 2010, the report said. Petroleum, which affects the price of transporting commodities, is up 19.3 percent over a year ago.

The economies of Brazil, China and India are slowing, and the dollar is gaining some strength relative to the euro, the report said.

“There has continued to be downward pressure on commodity prices,” Anirban Basu, the chief economist for Associated Builders and Contractors, said in a Dec. 15 report. “This is likely to translate into additional declines in construction materials prices as we approach 2012 and beyond.

“However, the decline in construction materials prices is most welcome and may induce a larger number of projects to move forward than expected,” Basu said.

The cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices. But in some trades or locations, there’s less competition, Benning said, because some contractors who had bid for work at unsustainably low prices are now out of business.

The remaining players can charge higher rates, said Benning, whose firm builds shopping centers, educational facilities and other large projects. The costs of health care and other types of insurance also are rising.

For building material prices to soar, it would require stronger U.S. demand and a ramp-up of activity in emerging markets, said Conor McNally, chief development officer with the Atlanta-based real estate firm Carter. Carter has projects throughout the Southeast and Midwest, including a $600 million mixed-use project in Cincinnati.

McNally said his firm has seen isolated cases of price increases, but construction costs largely have stabilized.

The industry, he said, has seen sudden “blips” in prices as producers of building materials try to rationalize their supplies with wobbly demand.

The industry saw double-digit price inflation from 2003 to 2006 for supplies and labor, McNally said, which corrected with the fallout of the economy.

Bids for projects remain aggressive as there remains a lack of demand.

“We’re technically in recovery,” he said, “but it’s a slow and hard one.”

These are just a few insights that everyone may want to keep in mind as you are planning your rehab projects on your next property.

I wish you the best in investments!

MJ (Mark Jackson)

 

 

Merry Christmas To You!

As we prepare to celebrate the birth of Jesus Christ, many people are making plans to be with family.  I personally am excited about spending quality time with my wife, children, and grand-children.  I want to take a few moments to discuss real estate comps and a few more real estate investing highlights from this week.

REO properties, which are bank owned homes,  have many positive aspects.  The main benefit that comes to mind is buying homes at a discount.  In our depressed market – or a buyer’s market – home prices are usually below the assessed value.  This enables you, the buyer in this case, to use your InvestorCompsOnline access to research and decide on an offer price that helps you make your profit when you buy. 

Another way to make a profit on these foreclosed properties is by flipping.  To flip a property basically means to take the property and make upgrades or repairs before selling.  One of the greatest benefits of flipping houses for profit is the payoff is substantially larger – and the fact that you work on your own terms. However, with those benefits come the important realities such as hiring outside help in order to bring the property you purchased up to standards.  The goal would be to hire contractors at a good rate that still allows you both to profit.  Remember guys, always work with integrity and honesty and you will build a solid reputation.

As I close, I encourage you all to keep focused on projects that you are pursuing.  I hope my advice is helpful and useful in your day to day business deals.  I sincerely pray that each one of you has a blessed holiday with those you love!

MERRY CHRISTMAS!!!

A Christmas Gift – The ABC’s Of Real Estate

When you train with a responsible and competent mentor or coach real estate investment myths are dispelled.  Learning to decipher the truth from a myth can save you a lot of trouble and time.  We already know how important real estate comps are to our end profits.  I also wanted to share a few common myths which will help you during your learning curve:

Real estate investing is for the wealthy:  This is perhaps the biggest myth out there. There are a wide range of deals to negotiate, from $0 down to thousands of dollars down, which means there are deals all sizes available. What you need to do is research with your InvestorCompsOnline account and plan carefully.

Understand this guys,  many deals are done by people who work 9-5 jobs everyday. They may not take as great of a risk as someone wealthy, but there are still enough deals to spread around. Success in real estate investing is in your due diligence.

You need experience:  You may be envious of the people you see on those infomercials making a fortune in the real estate market, and you probably think it could never happen to you. They must have years of experience. But the truth is while those people may have been lucky, odds are they’re just savvy investors. If you learn as much as you can about investing in real estate and plan your next move carefully, you could easily join their ranks.

You need good credit:  Good credit helps, but you don’t need it to make money in real estate. There are so many creative ways to invest in real estate without ever looking at your credit. Again, you must learn your options and do your research.  I would, however, urge you to work on repairing your credit because it allows you even more options and more power when investing in real estate. 

It will not work in your area:  It works in EVERY area. True, it may work differently in some markets than in others, but there are investors making money in every city, every day of the week. You have to learn your market: the rents, the trends, the local customs, the bankers, the title companies, etc.There are many myths which keep very capable people from venturing in the world of real estate investing. Myths can actually cost you thousands of dollars if you do not know the truth. Don’t wait unitl 2012 to get the ball rolling, start this Christmas season and instead start 2012 on a strong footing.  Get help from InvestorCompsOnline‘s educational tools and support system  and learn the real truth as you begin your journey to successful real estate investing.

Monthly Archives: December 2011

Happy New Year To YOU!

As we prepare for the new year, we as investors know 2012 looks bright for us.  The prospect of all the different types of properties available are exciting to say the least.  Using solid real estate comps to decide which to go after is always a wise choice.

One thing we should all keep in mind are the costs of construction materials and labor.  The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies in other parts of the world.  Additionally, the cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices.  Look for a contractor who gives a realistic price as well as time schedule.  

Once you have your property renovated, it’s time to market and sell.  I use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to list properties and build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.

I challenge you in 2012 to keep a watchful eye on your construction costs as well as use social networking/marketing to make your deals happen faster.  Always know InvestorCompsOnline is available to you to assist you each step of the way..

Happy Investing in 2012!!

Making YOUR New Year Bright!

As a real estate investor two of the greatest challenges we face is finding good real estate comps and finding the right network to help us grow our business successfully. With all of the different components we need for a thriving real estate team, I have found the ability to create a large network through social media has become a tremendous asset to my business.

What I have done is use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. 

One of the advantages of using social media is the ability for you to find specific information about targeted groups or individuals. For example, on Twitter I have an account that has several real estate investors in the country. Whenever I sell a property, I make sure that this list gets some extra tweets about the property, so all of my investors on the list have the chance to contact me.

On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.   I have have had the benefit of being able to build on these new found relationships for future deals.

The power of using social media for real estate is tremendous, so take advantage of the trends which are occurring across the nation and join real estate investors who are using social networking to create a better real estate investment environment.

 

2011 Going Out With Higher Costs!

I truly hope that each one of you enjoyed your time with family and friends during Christmas.  I wanted to step away from my typical real estate comps related topic today.  I wanted to share and excerpt from my local newspaper’s business section.  This is article should be interesting to all of us that buy and renovate or rehab properties.  It discusses one of our main expenses, building materials…..

…………When the economy was strong and construction was booming, prices for products such as lumber and drywall rose almost by the day.

After the economy crashed and construction went from a torrent to a trickle, contractors such as Ted Benning said they could count on those prices to routinely drop in line with the slacking demand.

The picture now, though, is starting to get murky.

Though the construction industry isn’t exactly booming, Benning and other Georgia contractors are seeing the cost of building products heading up again, and that could mean dollars won’t go quite as far for everything from public works projects to home renovations.

But indicators at a national level suggest the price increases that some local contractors are seeing could reverse slightly given global economic uncertainty.

“I think that the question of whether [price hikes] stick or not is a question of demand,” Benning said.

Ready-mix concrete and electrical wiring components are among the products suppliers have said could rise 5 percent to 10 percent in the new year, the president of Atlanta-based Benning Construction said.

The Atlanta Journal-Constitution recently reported Cobb County was seeing bids for school construction projects rise unexpectedly, though other metro counties weren’t seeing quite the same phenomenon.

The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies such as Brazil, China and India.

Bill Anderson, president of the Associated Builders and Contractors of Georgia, said his members have indicated they are seeing prices rise, but data from the national level indicate it might be a temporary trend.

Overall, construction prices dipped in November by 0.1 percent but are up 6.2 percent over last year, according to a report by Associated Builders and Contractors, citing government data.

Monthly steel prices have declined, though steel is still up 11.2 percent over November 2010, the report said. Petroleum, which affects the price of transporting commodities, is up 19.3 percent over a year ago.

The economies of Brazil, China and India are slowing, and the dollar is gaining some strength relative to the euro, the report said.

“There has continued to be downward pressure on commodity prices,” Anirban Basu, the chief economist for Associated Builders and Contractors, said in a Dec. 15 report. “This is likely to translate into additional declines in construction materials prices as we approach 2012 and beyond.

“However, the decline in construction materials prices is most welcome and may induce a larger number of projects to move forward than expected,” Basu said.

The cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices. But in some trades or locations, there’s less competition, Benning said, because some contractors who had bid for work at unsustainably low prices are now out of business.

The remaining players can charge higher rates, said Benning, whose firm builds shopping centers, educational facilities and other large projects. The costs of health care and other types of insurance also are rising.

For building material prices to soar, it would require stronger U.S. demand and a ramp-up of activity in emerging markets, said Conor McNally, chief development officer with the Atlanta-based real estate firm Carter. Carter has projects throughout the Southeast and Midwest, including a $600 million mixed-use project in Cincinnati.

McNally said his firm has seen isolated cases of price increases, but construction costs largely have stabilized.

The industry, he said, has seen sudden “blips” in prices as producers of building materials try to rationalize their supplies with wobbly demand.

The industry saw double-digit price inflation from 2003 to 2006 for supplies and labor, McNally said, which corrected with the fallout of the economy.

Bids for projects remain aggressive as there remains a lack of demand.

“We’re technically in recovery,” he said, “but it’s a slow and hard one.”

These are just a few insights that everyone may want to keep in mind as you are planning your rehab projects on your next property.

I wish you the best in investments!

MJ (Mark Jackson)

 

 

Merry Christmas To You!

As we prepare to celebrate the birth of Jesus Christ, many people are making plans to be with family.  I personally am excited about spending quality time with my wife, children, and grand-children.  I want to take a few moments to discuss real estate comps and a few more real estate investing highlights from this week.

REO properties, which are bank owned homes,  have many positive aspects.  The main benefit that comes to mind is buying homes at a discount.  In our depressed market – or a buyer’s market – home prices are usually below the assessed value.  This enables you, the buyer in this case, to use your InvestorCompsOnline access to research and decide on an offer price that helps you make your profit when you buy. 

Another way to make a profit on these foreclosed properties is by flipping.  To flip a property basically means to take the property and make upgrades or repairs before selling.  One of the greatest benefits of flipping houses for profit is the payoff is substantially larger – and the fact that you work on your own terms. However, with those benefits come the important realities such as hiring outside help in order to bring the property you purchased up to standards.  The goal would be to hire contractors at a good rate that still allows you both to profit.  Remember guys, always work with integrity and honesty and you will build a solid reputation.

As I close, I encourage you all to keep focused on projects that you are pursuing.  I hope my advice is helpful and useful in your day to day business deals.  I sincerely pray that each one of you has a blessed holiday with those you love!

MERRY CHRISTMAS!!!

A Christmas Gift – The ABC’s Of Real Estate

When you train with a responsible and competent mentor or coach real estate investment myths are dispelled.  Learning to decipher the truth from a myth can save you a lot of trouble and time.  We already know how important real estate comps are to our end profits.  I also wanted to share a few common myths which will help you during your learning curve:

Real estate investing is for the wealthy:  This is perhaps the biggest myth out there. There are a wide range of deals to negotiate, from $0 down to thousands of dollars down, which means there are deals all sizes available. What you need to do is research with your InvestorCompsOnline account and plan carefully.

Understand this guys,  many deals are done by people who work 9-5 jobs everyday. They may not take as great of a risk as someone wealthy, but there are still enough deals to spread around. Success in real estate investing is in your due diligence.

You need experience:  You may be envious of the people you see on those infomercials making a fortune in the real estate market, and you probably think it could never happen to you. They must have years of experience. But the truth is while those people may have been lucky, odds are they’re just savvy investors. If you learn as much as you can about investing in real estate and plan your next move carefully, you could easily join their ranks.

You need good credit:  Good credit helps, but you don’t need it to make money in real estate. There are so many creative ways to invest in real estate without ever looking at your credit. Again, you must learn your options and do your research.  I would, however, urge you to work on repairing your credit because it allows you even more options and more power when investing in real estate. 

It will not work in your area:  It works in EVERY area. True, it may work differently in some markets than in others, but there are investors making money in every city, every day of the week. You have to learn your market: the rents, the trends, the local customs, the bankers, the title companies, etc.There are many myths which keep very capable people from venturing in the world of real estate investing. Myths can actually cost you thousands of dollars if you do not know the truth. Don’t wait unitl 2012 to get the ball rolling, start this Christmas season and instead start 2012 on a strong footing.  Get help from InvestorCompsOnline‘s educational tools and support system  and learn the real truth as you begin your journey to successful real estate investing.

Monthly Archives: December 2011

Happy New Year To YOU!

As we prepare for the new year, we as investors know 2012 looks bright for us.  The prospect of all the different types of properties available are exciting to say the least.  Using solid real estate comps to decide which to go after is always a wise choice.

One thing we should all keep in mind are the costs of construction materials and labor.  The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies in other parts of the world.  Additionally, the cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices.  Look for a contractor who gives a realistic price as well as time schedule.  

Once you have your property renovated, it’s time to market and sell.  I use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to list properties and build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.

I challenge you in 2012 to keep a watchful eye on your construction costs as well as use social networking/marketing to make your deals happen faster.  Always know InvestorCompsOnline is available to you to assist you each step of the way..

Happy Investing in 2012!!

Making YOUR New Year Bright!

As a real estate investor two of the greatest challenges we face is finding good real estate comps and finding the right network to help us grow our business successfully. With all of the different components we need for a thriving real estate team, I have found the ability to create a large network through social media has become a tremendous asset to my business.

What I have done is use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. 

One of the advantages of using social media is the ability for you to find specific information about targeted groups or individuals. For example, on Twitter I have an account that has several real estate investors in the country. Whenever I sell a property, I make sure that this list gets some extra tweets about the property, so all of my investors on the list have the chance to contact me.

On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.   I have have had the benefit of being able to build on these new found relationships for future deals.

The power of using social media for real estate is tremendous, so take advantage of the trends which are occurring across the nation and join real estate investors who are using social networking to create a better real estate investment environment.

 

2011 Going Out With Higher Costs!

I truly hope that each one of you enjoyed your time with family and friends during Christmas.  I wanted to step away from my typical real estate comps related topic today.  I wanted to share and excerpt from my local newspaper’s business section.  This is article should be interesting to all of us that buy and renovate or rehab properties.  It discusses one of our main expenses, building materials…..

…………When the economy was strong and construction was booming, prices for products such as lumber and drywall rose almost by the day.

After the economy crashed and construction went from a torrent to a trickle, contractors such as Ted Benning said they could count on those prices to routinely drop in line with the slacking demand.

The picture now, though, is starting to get murky.

Though the construction industry isn’t exactly booming, Benning and other Georgia contractors are seeing the cost of building products heading up again, and that could mean dollars won’t go quite as far for everything from public works projects to home renovations.

But indicators at a national level suggest the price increases that some local contractors are seeing could reverse slightly given global economic uncertainty.

“I think that the question of whether [price hikes] stick or not is a question of demand,” Benning said.

Ready-mix concrete and electrical wiring components are among the products suppliers have said could rise 5 percent to 10 percent in the new year, the president of Atlanta-based Benning Construction said.

The Atlanta Journal-Constitution recently reported Cobb County was seeing bids for school construction projects rise unexpectedly, though other metro counties weren’t seeing quite the same phenomenon.

The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies such as Brazil, China and India.

Bill Anderson, president of the Associated Builders and Contractors of Georgia, said his members have indicated they are seeing prices rise, but data from the national level indicate it might be a temporary trend.

Overall, construction prices dipped in November by 0.1 percent but are up 6.2 percent over last year, according to a report by Associated Builders and Contractors, citing government data.

Monthly steel prices have declined, though steel is still up 11.2 percent over November 2010, the report said. Petroleum, which affects the price of transporting commodities, is up 19.3 percent over a year ago.

The economies of Brazil, China and India are slowing, and the dollar is gaining some strength relative to the euro, the report said.

“There has continued to be downward pressure on commodity prices,” Anirban Basu, the chief economist for Associated Builders and Contractors, said in a Dec. 15 report. “This is likely to translate into additional declines in construction materials prices as we approach 2012 and beyond.

“However, the decline in construction materials prices is most welcome and may induce a larger number of projects to move forward than expected,” Basu said.

The cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices. But in some trades or locations, there’s less competition, Benning said, because some contractors who had bid for work at unsustainably low prices are now out of business.

The remaining players can charge higher rates, said Benning, whose firm builds shopping centers, educational facilities and other large projects. The costs of health care and other types of insurance also are rising.

For building material prices to soar, it would require stronger U.S. demand and a ramp-up of activity in emerging markets, said Conor McNally, chief development officer with the Atlanta-based real estate firm Carter. Carter has projects throughout the Southeast and Midwest, including a $600 million mixed-use project in Cincinnati.

McNally said his firm has seen isolated cases of price increases, but construction costs largely have stabilized.

The industry, he said, has seen sudden “blips” in prices as producers of building materials try to rationalize their supplies with wobbly demand.

The industry saw double-digit price inflation from 2003 to 2006 for supplies and labor, McNally said, which corrected with the fallout of the economy.

Bids for projects remain aggressive as there remains a lack of demand.

“We’re technically in recovery,” he said, “but it’s a slow and hard one.”

These are just a few insights that everyone may want to keep in mind as you are planning your rehab projects on your next property.

I wish you the best in investments!

MJ (Mark Jackson)

 

 

Merry Christmas To You!

As we prepare to celebrate the birth of Jesus Christ, many people are making plans to be with family.  I personally am excited about spending quality time with my wife, children, and grand-children.  I want to take a few moments to discuss real estate comps and a few more real estate investing highlights from this week.

REO properties, which are bank owned homes,  have many positive aspects.  The main benefit that comes to mind is buying homes at a discount.  In our depressed market – or a buyer’s market – home prices are usually below the assessed value.  This enables you, the buyer in this case, to use your InvestorCompsOnline access to research and decide on an offer price that helps you make your profit when you buy. 

Another way to make a profit on these foreclosed properties is by flipping.  To flip a property basically means to take the property and make upgrades or repairs before selling.  One of the greatest benefits of flipping houses for profit is the payoff is substantially larger – and the fact that you work on your own terms. However, with those benefits come the important realities such as hiring outside help in order to bring the property you purchased up to standards.  The goal would be to hire contractors at a good rate that still allows you both to profit.  Remember guys, always work with integrity and honesty and you will build a solid reputation.

As I close, I encourage you all to keep focused on projects that you are pursuing.  I hope my advice is helpful and useful in your day to day business deals.  I sincerely pray that each one of you has a blessed holiday with those you love!

MERRY CHRISTMAS!!!

A Christmas Gift – The ABC’s Of Real Estate

When you train with a responsible and competent mentor or coach real estate investment myths are dispelled.  Learning to decipher the truth from a myth can save you a lot of trouble and time.  We already know how important real estate comps are to our end profits.  I also wanted to share a few common myths which will help you during your learning curve:

Real estate investing is for the wealthy:  This is perhaps the biggest myth out there. There are a wide range of deals to negotiate, from $0 down to thousands of dollars down, which means there are deals all sizes available. What you need to do is research with your InvestorCompsOnline account and plan carefully.

Understand this guys,  many deals are done by people who work 9-5 jobs everyday. They may not take as great of a risk as someone wealthy, but there are still enough deals to spread around. Success in real estate investing is in your due diligence.

You need experience:  You may be envious of the people you see on those infomercials making a fortune in the real estate market, and you probably think it could never happen to you. They must have years of experience. But the truth is while those people may have been lucky, odds are they’re just savvy investors. If you learn as much as you can about investing in real estate and plan your next move carefully, you could easily join their ranks.

You need good credit:  Good credit helps, but you don’t need it to make money in real estate. There are so many creative ways to invest in real estate without ever looking at your credit. Again, you must learn your options and do your research.  I would, however, urge you to work on repairing your credit because it allows you even more options and more power when investing in real estate. 

It will not work in your area:  It works in EVERY area. True, it may work differently in some markets than in others, but there are investors making money in every city, every day of the week. You have to learn your market: the rents, the trends, the local customs, the bankers, the title companies, etc.There are many myths which keep very capable people from venturing in the world of real estate investing. Myths can actually cost you thousands of dollars if you do not know the truth. Don’t wait unitl 2012 to get the ball rolling, start this Christmas season and instead start 2012 on a strong footing.  Get help from InvestorCompsOnline‘s educational tools and support system  and learn the real truth as you begin your journey to successful real estate investing.

Monthly Archives: December 2011

Happy New Year To YOU!

As we prepare for the new year, we as investors know 2012 looks bright for us.  The prospect of all the different types of properties available are exciting to say the least.  Using solid real estate comps to decide which to go after is always a wise choice.

One thing we should all keep in mind are the costs of construction materials and labor.  The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies in other parts of the world.  Additionally, the cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices.  Look for a contractor who gives a realistic price as well as time schedule.  

Once you have your property renovated, it’s time to market and sell.  I use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to list properties and build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.

I challenge you in 2012 to keep a watchful eye on your construction costs as well as use social networking/marketing to make your deals happen faster.  Always know InvestorCompsOnline is available to you to assist you each step of the way..

Happy Investing in 2012!!

Making YOUR New Year Bright!

As a real estate investor two of the greatest challenges we face is finding good real estate comps and finding the right network to help us grow our business successfully. With all of the different components we need for a thriving real estate team, I have found the ability to create a large network through social media has become a tremendous asset to my business.

What I have done is use large social networks, such as Facebook, Twitter, LinkedIn, Craigslist, and YouTube to build my business. With so many people online today it has become imperative to connect with fellow investors, agents, contractors, buyers, and sellers through social media. There is no other place in the world which let’s you access so many people for FREE. 

One of the advantages of using social media is the ability for you to find specific information about targeted groups or individuals. For example, on Twitter I have an account that has several real estate investors in the country. Whenever I sell a property, I make sure that this list gets some extra tweets about the property, so all of my investors on the list have the chance to contact me.

On average, 50-100 investors from Twitter, Facebook, and YouTube may look at my property. This is free advertising and these are contacts you or I would generally not meet otherwise.   I have have had the benefit of being able to build on these new found relationships for future deals.

The power of using social media for real estate is tremendous, so take advantage of the trends which are occurring across the nation and join real estate investors who are using social networking to create a better real estate investment environment.

 

2011 Going Out With Higher Costs!

I truly hope that each one of you enjoyed your time with family and friends during Christmas.  I wanted to step away from my typical real estate comps related topic today.  I wanted to share and excerpt from my local newspaper’s business section.  This is article should be interesting to all of us that buy and renovate or rehab properties.  It discusses one of our main expenses, building materials…..

…………When the economy was strong and construction was booming, prices for products such as lumber and drywall rose almost by the day.

After the economy crashed and construction went from a torrent to a trickle, contractors such as Ted Benning said they could count on those prices to routinely drop in line with the slacking demand.

The picture now, though, is starting to get murky.

Though the construction industry isn’t exactly booming, Benning and other Georgia contractors are seeing the cost of building products heading up again, and that could mean dollars won’t go quite as far for everything from public works projects to home renovations.

But indicators at a national level suggest the price increases that some local contractors are seeing could reverse slightly given global economic uncertainty.

“I think that the question of whether [price hikes] stick or not is a question of demand,” Benning said.

Ready-mix concrete and electrical wiring components are among the products suppliers have said could rise 5 percent to 10 percent in the new year, the president of Atlanta-based Benning Construction said.

The Atlanta Journal-Constitution recently reported Cobb County was seeing bids for school construction projects rise unexpectedly, though other metro counties weren’t seeing quite the same phenomenon.

The construction business, particularly in Georgia, hasn’t fully recovered from the Great Recession, and in some ways might be just above bottom. But prices for building materials have just as much to do with local demand as they do with the development rush in fast-moving economies such as Brazil, China and India.

Bill Anderson, president of the Associated Builders and Contractors of Georgia, said his members have indicated they are seeing prices rise, but data from the national level indicate it might be a temporary trend.

Overall, construction prices dipped in November by 0.1 percent but are up 6.2 percent over last year, according to a report by Associated Builders and Contractors, citing government data.

Monthly steel prices have declined, though steel is still up 11.2 percent over November 2010, the report said. Petroleum, which affects the price of transporting commodities, is up 19.3 percent over a year ago.

The economies of Brazil, China and India are slowing, and the dollar is gaining some strength relative to the euro, the report said.

“There has continued to be downward pressure on commodity prices,” Anirban Basu, the chief economist for Associated Builders and Contractors, said in a Dec. 15 report. “This is likely to translate into additional declines in construction materials prices as we approach 2012 and beyond.

“However, the decline in construction materials prices is most welcome and may induce a larger number of projects to move forward than expected,” Basu said.

The cost of labor also is a bit of a wild card. Subcontractors often are still bidding at rock-bottom prices. But in some trades or locations, there’s less competition, Benning said, because some contractors who had bid for work at unsustainably low prices are now out of business.

The remaining players can charge higher rates, said Benning, whose firm builds shopping centers, educational facilities and other large projects. The costs of health care and other types of insurance also are rising.

For building material prices to soar, it would require stronger U.S. demand and a ramp-up of activity in emerging markets, said Conor McNally, chief development officer with the Atlanta-based real estate firm Carter. Carter has projects throughout the Southeast and Midwest, including a $600 million mixed-use project in Cincinnati.

McNally said his firm has seen isolated cases of price increases, but construction costs largely have stabilized.

The industry, he said, has seen sudden “blips” in prices as producers of building materials try to rationalize their supplies with wobbly demand.

The industry saw double-digit price inflation from 2003 to 2006 for supplies and labor, McNally said, which corrected with the fallout of the economy.

Bids for projects remain aggressive as there remains a lack of demand.

“We’re technically in recovery,” he said, “but it’s a slow and hard one.”

These are just a few insights that everyone may want to keep in mind as you are planning your rehab projects on your next property.

I wish you the best in investments!

MJ (Mark Jackson)

 

 

Merry Christmas To You!

As we prepare to celebrate the birth of Jesus Christ, many people are making plans to be with family.  I personally am excited about spending quality time with my wife, children, and grand-children.  I want to take a few moments to discuss real estate comps and a few more real estate investing highlights from this week.

REO properties, which are bank owned homes,  have many positive aspects.  The main benefit that comes to mind is buying homes at a discount.  In our depressed market – or a buyer’s market – home prices are usually below the assessed value.  This enables you, the buyer in this case, to use your InvestorCompsOnline access to research and decide on an offer price that helps you make your profit when you buy. 

Another way to make a profit on these foreclosed properties is by flipping.  To flip a property basically means to take the property and make upgrades or repairs before selling.  One of the greatest benefits of flipping houses for profit is the payoff is substantially larger – and the fact that you work on your own terms. However, with those benefits come the important realities such as hiring outside help in order to bring the property you purchased up to standards.  The goal would be to hire contractors at a good rate that still allows you both to profit.  Remember guys, always work with integrity and honesty and you will build a solid reputation.

As I close, I encourage you all to keep focused on projects that you are pursuing.  I hope my advice is helpful and useful in your day to day business deals.  I sincerely pray that each one of you has a blessed holiday with those you love!

MERRY CHRISTMAS!!!

A Christmas Gift – The ABC’s Of Real Estate

When you train with a responsible and competent mentor or coach real estate investment myths are dispelled.  Learning to decipher the truth from a myth can save you a lot of trouble and time.  We already know how important real estate comps are to our end profits.  I also wanted to share a few common myths which will help you during your learning curve:

Real estate investing is for the wealthy:  This is perhaps the biggest myth out there. There are a wide range of deals to negotiate, from $0 down to thousands of dollars down, which means there are deals all sizes available. What you need to do is research with your InvestorCompsOnline account and plan carefully.

Understand this guys,  many deals are done by people who work 9-5 jobs everyday. They may not take as great of a risk as someone wealthy, but there are still enough deals to spread around. Success in real estate investing is in your due diligence.

You need experience:  You may be envious of the people you see on those infomercials making a fortune in the real estate market, and you probably think it could never happen to you. They must have years of experience. But the truth is while those people may have been lucky, odds are they’re just savvy investors. If you learn as much as you can about investing in real estate and plan your next move carefully, you could easily join their ranks.

You need good credit:  Good credit helps, but you don’t need it to make money in real estate. There are so many creative ways to invest in real estate without ever looking at your credit. Again, you must learn your options and do your research.  I would, however, urge you to work on repairing your credit because it allows you even more options and more power when investing in real estate. 

It will not work in your area:  It works in EVERY area. True, it may work differently in some markets than in others, but there are investors making money in every city, every day of the week. You have to learn your market: the rents, the trends, the local customs, the bankers, the title companies, etc.There are many myths which keep very capable people from venturing in the world of real estate investing. Myths can actually cost you thousands of dollars if you do not know the truth. Don’t wait unitl 2012 to get the ball rolling, start this Christmas season and instead start 2012 on a strong footing.  Get help from InvestorCompsOnline‘s educational tools and support system  and learn the real truth as you begin your journey to successful real estate investing.