Monthly Archives: April 2016

The Skills To Win

The Skills To WinSuccess in real estate investing is all about knowing what to buy and how you approach the deal (hint, solid real estate comps make this work in your favor). Let’s look at three skills that you might want to develop to be more successful in your real estate investing business.

First, interpersonal skills are important in real estate negotiations. What makes or breaks a deal is usually whether you have good people skills and are able to make the other party trust you. Spend time establishing rapport when you meet prospective sellers and then applying the win-win formula so that they feel the value in doing a transaction with you and maybe recommend their friends to sell property to you in the future.

Secondly, you need to be able to do simple math and analyze the potential profit of the property that you are interested in. Spending time analyzing your buying price relative to similar units in the area is important and buying it at an under value is always good. We all know the profit is made when you buy! Alternatively, when buying properties that you want to improve, always factor the sums on how much the repairs and renovation will cost and if you are new to the fix and flip real estate sphere, bring your contractor along for the inspection.

Thirdly, real estate bargain hunting requires persistence. You might have to look at hundreds of properties before you find a property that you think can yield good rental returns and is suitable for you to buy. Remember that similarly, not all foreclosure and auction sites represent bargains. Make an appointment to go down to the property and physically examine it to be sure that it meets your requirements. Staying consistent in your search for the right real estate investment is thus key to making a good real estate acquisition.

In conclusion, take some time to examine whether you have the three skill-sets mentioned above and then take massive action to start looking for your next real estate bargain. Believe in yourself today and focus on achieving your real estate investment goals. Carpe Diem!

The Right Team

The Right TeamContractors, like great real estate comps, are a valuable part of a flip. As  investors, we know this is a no brainer. The goal is that you find the right mix for your personality. Renovating and rehabbing houses can be tricky at best, yet our best deals come from the ugliest of houses, so we need to crack the contractor code. Take a look at this tip and see if you can benefit from the information.

You never want to hand over a property to a contractor who will then get lackadaisical and forget the promises they made to you. While securing the bid, they promise the moon. They say they will get right on your job. Even putting it in writing offers no immediate protection. Remember you are juggling hard money loans, and your working capital, as well as the monthly note.

What I  have found is that they secure another 4-5 jobs and then try to juggle all those balls in the air at once. Well they drop the balls. Contractors (not all now, but most) will put you on the back burner getting to you when they have time on their schedule, not yours.

A great tactic to try with a new contractor is this, I only give a contractor one small job to see if they can prove themselves. If they can, I give them more of the job to rehab. This is needed for them to work for me, if they can show up on time, do quality craftsmanship, within the budget we negotiated, and complete the small job when they say they can, I will continue to give them  other jobs.

Once you have a good working relationship with a contractor, I encourage you to stick together. The knowledge that you can hand a project over and have confidence that it will be done properly is immeasurable.

Start The Selling Process

Start The Selling ProcessThe real estate comps have been utilized. All of the work is all done. You have purchased a house, renovated it, fixed all of the issues, and now it’s ready to sell. But where do you start? What’s the next step to get this property sold and move on to the next?

One of the first things to do is write your copy. You will want to highlight all of the things in the home that build value. If you are tailoring your sales to a particular market, be sure to include those specific things that will appeal to that market. For instance, if you are marketing to people who have children, a large fenced-in backyard or a good school system may be your focal point.

You will definitely want to have an idea of what the house is worth when you prepare your listing. Using InvestorCompsOnline to assess the value will prevent you from overshooting the value in an effort to make a maximum profit, but you also don’t want to undervalue the house to move it quickly, either. This leads to my next point.

If you do not have a real estate background, partnering with a listing agent is essential. That real estate professional can help you figure out the right niche to market to if you are not sure, and he or she can also be a huge help in determining the right sale price, because he or she is the expert on the market you are looking to sell in.

It helps to have all of your paperwork lined up and ready so that any prospective buyer can get a quick glimpse into what all you did in order to make the house better. This also means providing all of your permits so that the buyer and all of the necessary agencies know that the work was done properly. That honesty will go a long way for you, now and in the future.

Ultimately, you want everything to work so that your buyer is ready to move quickly. Showcase the home properly, and don’t be shy about what you did during the makeover. Anything you can do ahead of time to prepare answers to potential questions and have paperwork ready will be important, as well as good business. Best of luck to you on your first flip – may it be the beginning of a lucrative career!

Removing The Mystery Of Investing

Removing The Mystery Of InvestingInvesting in real estate can be a hard investment to break into properly without a fair amount of research into the market itself. That being said, the time spent educating yourself on the current and past trends, as well as real estate comps, will surely be time well spent. Real estate has consistently shown itself to be one of the most stable and profitable of ventures available to the average investor. Initially there is a lot of guesswork involved with the process of investing in real estate. These include such things as where to invest, should you flip or be a landlord, and how to go about the financing that will undoubtedly ensue?  InvestorCompsOnline helps you to take the mystery out of the where, the should I, and the how much.

The best way to pursue this endeavor is to systematically remove the guesswork and replace it with solid facts and informed decisions. The first question is where should you invest? In real estate, there is little that is more important than location. Making sure that you pick a property in a decent area helps you tremendously in the long run.

Now comes one of the big questions. Will you flip the property or do you have what it takes to be a landlord? This decision will factor largely into the kind of property you choose. Flipping real estate can bring in a nice profit quickly if you are willing to spend some money on renovations or upgrades. On the other hand, being a landlord can bring in a secure monthly income and add to your equity. The choice is yours to make, my friend.

New Flips

New FlipsMost people feel that as a beginner – they just aren’t ready to invest in real estate. They think,  I don’t want to get stuck with property or loans I can’t get out of. The simple fact is, when structured properly, real estate investing, even if you’re just beginning, is a very safe investment alternative.

Let’s first see what a real estate investor really is. There are a number of ways to make money as a real estate investor, you can buy properties, fix them up and sell them (very risky). You can buy a property, list it with a real estate agent and hope to sell it at a profit (again, very risky). Or, you can obtain control of a property for a few dollars then market the property to sell it within a few days (virtually no risk at all). This third method, called house flipping, is what I recommend all beginning real estate investors choose.

The key to flipping real estate is to get in and out quickly. Using good real estate comps in these cases keeps you from selling the property for less then market value. Remember, you’re trying to make a profit and keep the whole process risk-free, so you will have to plan accordingly.

Your goal, then, as a house flipper, is to find under-valued properties, put them under contract, then market them as aggressively as possible. You want to sell the property within days if possible. Remember, you don’t get paid until the property is sold, so just holding onto a property with the hope that you will make an extra few dollars is the wrong attitude. Flipping this way is virtually risk free, because you are not actually buying the property, you are simply putting it under contract. If you are unable to sell it within a reasonable amount of time, you simply walk away – with no further liability.

Hopefully, these ideas will help motivate you to step out into the world of real estate investments and flipping properties. InvestorCompsOnline is here to assist you with that endeavor…join us today!

Monthly Archives: April 2016

The Skills To Win

The Skills To WinSuccess in real estate investing is all about knowing what to buy and how you approach the deal (hint, solid real estate comps make this work in your favor). Let’s look at three skills that you might want to develop to be more successful in your real estate investing business.

First, interpersonal skills are important in real estate negotiations. What makes or breaks a deal is usually whether you have good people skills and are able to make the other party trust you. Spend time establishing rapport when you meet prospective sellers and then applying the win-win formula so that they feel the value in doing a transaction with you and maybe recommend their friends to sell property to you in the future.

Secondly, you need to be able to do simple math and analyze the potential profit of the property that you are interested in. Spending time analyzing your buying price relative to similar units in the area is important and buying it at an under value is always good. We all know the profit is made when you buy! Alternatively, when buying properties that you want to improve, always factor the sums on how much the repairs and renovation will cost and if you are new to the fix and flip real estate sphere, bring your contractor along for the inspection.

Thirdly, real estate bargain hunting requires persistence. You might have to look at hundreds of properties before you find a property that you think can yield good rental returns and is suitable for you to buy. Remember that similarly, not all foreclosure and auction sites represent bargains. Make an appointment to go down to the property and physically examine it to be sure that it meets your requirements. Staying consistent in your search for the right real estate investment is thus key to making a good real estate acquisition.

In conclusion, take some time to examine whether you have the three skill-sets mentioned above and then take massive action to start looking for your next real estate bargain. Believe in yourself today and focus on achieving your real estate investment goals. Carpe Diem!

The Right Team

The Right TeamContractors, like great real estate comps, are a valuable part of a flip. As  investors, we know this is a no brainer. The goal is that you find the right mix for your personality. Renovating and rehabbing houses can be tricky at best, yet our best deals come from the ugliest of houses, so we need to crack the contractor code. Take a look at this tip and see if you can benefit from the information.

You never want to hand over a property to a contractor who will then get lackadaisical and forget the promises they made to you. While securing the bid, they promise the moon. They say they will get right on your job. Even putting it in writing offers no immediate protection. Remember you are juggling hard money loans, and your working capital, as well as the monthly note.

What I  have found is that they secure another 4-5 jobs and then try to juggle all those balls in the air at once. Well they drop the balls. Contractors (not all now, but most) will put you on the back burner getting to you when they have time on their schedule, not yours.

A great tactic to try with a new contractor is this, I only give a contractor one small job to see if they can prove themselves. If they can, I give them more of the job to rehab. This is needed for them to work for me, if they can show up on time, do quality craftsmanship, within the budget we negotiated, and complete the small job when they say they can, I will continue to give them  other jobs.

Once you have a good working relationship with a contractor, I encourage you to stick together. The knowledge that you can hand a project over and have confidence that it will be done properly is immeasurable.

Start The Selling Process

Start The Selling ProcessThe real estate comps have been utilized. All of the work is all done. You have purchased a house, renovated it, fixed all of the issues, and now it’s ready to sell. But where do you start? What’s the next step to get this property sold and move on to the next?

One of the first things to do is write your copy. You will want to highlight all of the things in the home that build value. If you are tailoring your sales to a particular market, be sure to include those specific things that will appeal to that market. For instance, if you are marketing to people who have children, a large fenced-in backyard or a good school system may be your focal point.

You will definitely want to have an idea of what the house is worth when you prepare your listing. Using InvestorCompsOnline to assess the value will prevent you from overshooting the value in an effort to make a maximum profit, but you also don’t want to undervalue the house to move it quickly, either. This leads to my next point.

If you do not have a real estate background, partnering with a listing agent is essential. That real estate professional can help you figure out the right niche to market to if you are not sure, and he or she can also be a huge help in determining the right sale price, because he or she is the expert on the market you are looking to sell in.

It helps to have all of your paperwork lined up and ready so that any prospective buyer can get a quick glimpse into what all you did in order to make the house better. This also means providing all of your permits so that the buyer and all of the necessary agencies know that the work was done properly. That honesty will go a long way for you, now and in the future.

Ultimately, you want everything to work so that your buyer is ready to move quickly. Showcase the home properly, and don’t be shy about what you did during the makeover. Anything you can do ahead of time to prepare answers to potential questions and have paperwork ready will be important, as well as good business. Best of luck to you on your first flip – may it be the beginning of a lucrative career!

Removing The Mystery Of Investing

Removing The Mystery Of InvestingInvesting in real estate can be a hard investment to break into properly without a fair amount of research into the market itself. That being said, the time spent educating yourself on the current and past trends, as well as real estate comps, will surely be time well spent. Real estate has consistently shown itself to be one of the most stable and profitable of ventures available to the average investor. Initially there is a lot of guesswork involved with the process of investing in real estate. These include such things as where to invest, should you flip or be a landlord, and how to go about the financing that will undoubtedly ensue?  InvestorCompsOnline helps you to take the mystery out of the where, the should I, and the how much.

The best way to pursue this endeavor is to systematically remove the guesswork and replace it with solid facts and informed decisions. The first question is where should you invest? In real estate, there is little that is more important than location. Making sure that you pick a property in a decent area helps you tremendously in the long run.

Now comes one of the big questions. Will you flip the property or do you have what it takes to be a landlord? This decision will factor largely into the kind of property you choose. Flipping real estate can bring in a nice profit quickly if you are willing to spend some money on renovations or upgrades. On the other hand, being a landlord can bring in a secure monthly income and add to your equity. The choice is yours to make, my friend.

New Flips

New FlipsMost people feel that as a beginner – they just aren’t ready to invest in real estate. They think,  I don’t want to get stuck with property or loans I can’t get out of. The simple fact is, when structured properly, real estate investing, even if you’re just beginning, is a very safe investment alternative.

Let’s first see what a real estate investor really is. There are a number of ways to make money as a real estate investor, you can buy properties, fix them up and sell them (very risky). You can buy a property, list it with a real estate agent and hope to sell it at a profit (again, very risky). Or, you can obtain control of a property for a few dollars then market the property to sell it within a few days (virtually no risk at all). This third method, called house flipping, is what I recommend all beginning real estate investors choose.

The key to flipping real estate is to get in and out quickly. Using good real estate comps in these cases keeps you from selling the property for less then market value. Remember, you’re trying to make a profit and keep the whole process risk-free, so you will have to plan accordingly.

Your goal, then, as a house flipper, is to find under-valued properties, put them under contract, then market them as aggressively as possible. You want to sell the property within days if possible. Remember, you don’t get paid until the property is sold, so just holding onto a property with the hope that you will make an extra few dollars is the wrong attitude. Flipping this way is virtually risk free, because you are not actually buying the property, you are simply putting it under contract. If you are unable to sell it within a reasonable amount of time, you simply walk away – with no further liability.

Hopefully, these ideas will help motivate you to step out into the world of real estate investments and flipping properties. InvestorCompsOnline is here to assist you with that endeavor…join us today!

Monthly Archives: April 2016

The Skills To Win

The Skills To WinSuccess in real estate investing is all about knowing what to buy and how you approach the deal (hint, solid real estate comps make this work in your favor). Let’s look at three skills that you might want to develop to be more successful in your real estate investing business.

First, interpersonal skills are important in real estate negotiations. What makes or breaks a deal is usually whether you have good people skills and are able to make the other party trust you. Spend time establishing rapport when you meet prospective sellers and then applying the win-win formula so that they feel the value in doing a transaction with you and maybe recommend their friends to sell property to you in the future.

Secondly, you need to be able to do simple math and analyze the potential profit of the property that you are interested in. Spending time analyzing your buying price relative to similar units in the area is important and buying it at an under value is always good. We all know the profit is made when you buy! Alternatively, when buying properties that you want to improve, always factor the sums on how much the repairs and renovation will cost and if you are new to the fix and flip real estate sphere, bring your contractor along for the inspection.

Thirdly, real estate bargain hunting requires persistence. You might have to look at hundreds of properties before you find a property that you think can yield good rental returns and is suitable for you to buy. Remember that similarly, not all foreclosure and auction sites represent bargains. Make an appointment to go down to the property and physically examine it to be sure that it meets your requirements. Staying consistent in your search for the right real estate investment is thus key to making a good real estate acquisition.

In conclusion, take some time to examine whether you have the three skill-sets mentioned above and then take massive action to start looking for your next real estate bargain. Believe in yourself today and focus on achieving your real estate investment goals. Carpe Diem!

The Right Team

The Right TeamContractors, like great real estate comps, are a valuable part of a flip. As  investors, we know this is a no brainer. The goal is that you find the right mix for your personality. Renovating and rehabbing houses can be tricky at best, yet our best deals come from the ugliest of houses, so we need to crack the contractor code. Take a look at this tip and see if you can benefit from the information.

You never want to hand over a property to a contractor who will then get lackadaisical and forget the promises they made to you. While securing the bid, they promise the moon. They say they will get right on your job. Even putting it in writing offers no immediate protection. Remember you are juggling hard money loans, and your working capital, as well as the monthly note.

What I  have found is that they secure another 4-5 jobs and then try to juggle all those balls in the air at once. Well they drop the balls. Contractors (not all now, but most) will put you on the back burner getting to you when they have time on their schedule, not yours.

A great tactic to try with a new contractor is this, I only give a contractor one small job to see if they can prove themselves. If they can, I give them more of the job to rehab. This is needed for them to work for me, if they can show up on time, do quality craftsmanship, within the budget we negotiated, and complete the small job when they say they can, I will continue to give them  other jobs.

Once you have a good working relationship with a contractor, I encourage you to stick together. The knowledge that you can hand a project over and have confidence that it will be done properly is immeasurable.

Start The Selling Process

Start The Selling ProcessThe real estate comps have been utilized. All of the work is all done. You have purchased a house, renovated it, fixed all of the issues, and now it’s ready to sell. But where do you start? What’s the next step to get this property sold and move on to the next?

One of the first things to do is write your copy. You will want to highlight all of the things in the home that build value. If you are tailoring your sales to a particular market, be sure to include those specific things that will appeal to that market. For instance, if you are marketing to people who have children, a large fenced-in backyard or a good school system may be your focal point.

You will definitely want to have an idea of what the house is worth when you prepare your listing. Using InvestorCompsOnline to assess the value will prevent you from overshooting the value in an effort to make a maximum profit, but you also don’t want to undervalue the house to move it quickly, either. This leads to my next point.

If you do not have a real estate background, partnering with a listing agent is essential. That real estate professional can help you figure out the right niche to market to if you are not sure, and he or she can also be a huge help in determining the right sale price, because he or she is the expert on the market you are looking to sell in.

It helps to have all of your paperwork lined up and ready so that any prospective buyer can get a quick glimpse into what all you did in order to make the house better. This also means providing all of your permits so that the buyer and all of the necessary agencies know that the work was done properly. That honesty will go a long way for you, now and in the future.

Ultimately, you want everything to work so that your buyer is ready to move quickly. Showcase the home properly, and don’t be shy about what you did during the makeover. Anything you can do ahead of time to prepare answers to potential questions and have paperwork ready will be important, as well as good business. Best of luck to you on your first flip – may it be the beginning of a lucrative career!

Removing The Mystery Of Investing

Removing The Mystery Of InvestingInvesting in real estate can be a hard investment to break into properly without a fair amount of research into the market itself. That being said, the time spent educating yourself on the current and past trends, as well as real estate comps, will surely be time well spent. Real estate has consistently shown itself to be one of the most stable and profitable of ventures available to the average investor. Initially there is a lot of guesswork involved with the process of investing in real estate. These include such things as where to invest, should you flip or be a landlord, and how to go about the financing that will undoubtedly ensue?  InvestorCompsOnline helps you to take the mystery out of the where, the should I, and the how much.

The best way to pursue this endeavor is to systematically remove the guesswork and replace it with solid facts and informed decisions. The first question is where should you invest? In real estate, there is little that is more important than location. Making sure that you pick a property in a decent area helps you tremendously in the long run.

Now comes one of the big questions. Will you flip the property or do you have what it takes to be a landlord? This decision will factor largely into the kind of property you choose. Flipping real estate can bring in a nice profit quickly if you are willing to spend some money on renovations or upgrades. On the other hand, being a landlord can bring in a secure monthly income and add to your equity. The choice is yours to make, my friend.

New Flips

New FlipsMost people feel that as a beginner – they just aren’t ready to invest in real estate. They think,  I don’t want to get stuck with property or loans I can’t get out of. The simple fact is, when structured properly, real estate investing, even if you’re just beginning, is a very safe investment alternative.

Let’s first see what a real estate investor really is. There are a number of ways to make money as a real estate investor, you can buy properties, fix them up and sell them (very risky). You can buy a property, list it with a real estate agent and hope to sell it at a profit (again, very risky). Or, you can obtain control of a property for a few dollars then market the property to sell it within a few days (virtually no risk at all). This third method, called house flipping, is what I recommend all beginning real estate investors choose.

The key to flipping real estate is to get in and out quickly. Using good real estate comps in these cases keeps you from selling the property for less then market value. Remember, you’re trying to make a profit and keep the whole process risk-free, so you will have to plan accordingly.

Your goal, then, as a house flipper, is to find under-valued properties, put them under contract, then market them as aggressively as possible. You want to sell the property within days if possible. Remember, you don’t get paid until the property is sold, so just holding onto a property with the hope that you will make an extra few dollars is the wrong attitude. Flipping this way is virtually risk free, because you are not actually buying the property, you are simply putting it under contract. If you are unable to sell it within a reasonable amount of time, you simply walk away – with no further liability.

Hopefully, these ideas will help motivate you to step out into the world of real estate investments and flipping properties. InvestorCompsOnline is here to assist you with that endeavor…join us today!

Monthly Archives: April 2016

The Skills To Win

The Skills To WinSuccess in real estate investing is all about knowing what to buy and how you approach the deal (hint, solid real estate comps make this work in your favor). Let’s look at three skills that you might want to develop to be more successful in your real estate investing business.

First, interpersonal skills are important in real estate negotiations. What makes or breaks a deal is usually whether you have good people skills and are able to make the other party trust you. Spend time establishing rapport when you meet prospective sellers and then applying the win-win formula so that they feel the value in doing a transaction with you and maybe recommend their friends to sell property to you in the future.

Secondly, you need to be able to do simple math and analyze the potential profit of the property that you are interested in. Spending time analyzing your buying price relative to similar units in the area is important and buying it at an under value is always good. We all know the profit is made when you buy! Alternatively, when buying properties that you want to improve, always factor the sums on how much the repairs and renovation will cost and if you are new to the fix and flip real estate sphere, bring your contractor along for the inspection.

Thirdly, real estate bargain hunting requires persistence. You might have to look at hundreds of properties before you find a property that you think can yield good rental returns and is suitable for you to buy. Remember that similarly, not all foreclosure and auction sites represent bargains. Make an appointment to go down to the property and physically examine it to be sure that it meets your requirements. Staying consistent in your search for the right real estate investment is thus key to making a good real estate acquisition.

In conclusion, take some time to examine whether you have the three skill-sets mentioned above and then take massive action to start looking for your next real estate bargain. Believe in yourself today and focus on achieving your real estate investment goals. Carpe Diem!

The Right Team

The Right TeamContractors, like great real estate comps, are a valuable part of a flip. As  investors, we know this is a no brainer. The goal is that you find the right mix for your personality. Renovating and rehabbing houses can be tricky at best, yet our best deals come from the ugliest of houses, so we need to crack the contractor code. Take a look at this tip and see if you can benefit from the information.

You never want to hand over a property to a contractor who will then get lackadaisical and forget the promises they made to you. While securing the bid, they promise the moon. They say they will get right on your job. Even putting it in writing offers no immediate protection. Remember you are juggling hard money loans, and your working capital, as well as the monthly note.

What I  have found is that they secure another 4-5 jobs and then try to juggle all those balls in the air at once. Well they drop the balls. Contractors (not all now, but most) will put you on the back burner getting to you when they have time on their schedule, not yours.

A great tactic to try with a new contractor is this, I only give a contractor one small job to see if they can prove themselves. If they can, I give them more of the job to rehab. This is needed for them to work for me, if they can show up on time, do quality craftsmanship, within the budget we negotiated, and complete the small job when they say they can, I will continue to give them  other jobs.

Once you have a good working relationship with a contractor, I encourage you to stick together. The knowledge that you can hand a project over and have confidence that it will be done properly is immeasurable.

Start The Selling Process

Start The Selling ProcessThe real estate comps have been utilized. All of the work is all done. You have purchased a house, renovated it, fixed all of the issues, and now it’s ready to sell. But where do you start? What’s the next step to get this property sold and move on to the next?

One of the first things to do is write your copy. You will want to highlight all of the things in the home that build value. If you are tailoring your sales to a particular market, be sure to include those specific things that will appeal to that market. For instance, if you are marketing to people who have children, a large fenced-in backyard or a good school system may be your focal point.

You will definitely want to have an idea of what the house is worth when you prepare your listing. Using InvestorCompsOnline to assess the value will prevent you from overshooting the value in an effort to make a maximum profit, but you also don’t want to undervalue the house to move it quickly, either. This leads to my next point.

If you do not have a real estate background, partnering with a listing agent is essential. That real estate professional can help you figure out the right niche to market to if you are not sure, and he or she can also be a huge help in determining the right sale price, because he or she is the expert on the market you are looking to sell in.

It helps to have all of your paperwork lined up and ready so that any prospective buyer can get a quick glimpse into what all you did in order to make the house better. This also means providing all of your permits so that the buyer and all of the necessary agencies know that the work was done properly. That honesty will go a long way for you, now and in the future.

Ultimately, you want everything to work so that your buyer is ready to move quickly. Showcase the home properly, and don’t be shy about what you did during the makeover. Anything you can do ahead of time to prepare answers to potential questions and have paperwork ready will be important, as well as good business. Best of luck to you on your first flip – may it be the beginning of a lucrative career!

Removing The Mystery Of Investing

Removing The Mystery Of InvestingInvesting in real estate can be a hard investment to break into properly without a fair amount of research into the market itself. That being said, the time spent educating yourself on the current and past trends, as well as real estate comps, will surely be time well spent. Real estate has consistently shown itself to be one of the most stable and profitable of ventures available to the average investor. Initially there is a lot of guesswork involved with the process of investing in real estate. These include such things as where to invest, should you flip or be a landlord, and how to go about the financing that will undoubtedly ensue?  InvestorCompsOnline helps you to take the mystery out of the where, the should I, and the how much.

The best way to pursue this endeavor is to systematically remove the guesswork and replace it with solid facts and informed decisions. The first question is where should you invest? In real estate, there is little that is more important than location. Making sure that you pick a property in a decent area helps you tremendously in the long run.

Now comes one of the big questions. Will you flip the property or do you have what it takes to be a landlord? This decision will factor largely into the kind of property you choose. Flipping real estate can bring in a nice profit quickly if you are willing to spend some money on renovations or upgrades. On the other hand, being a landlord can bring in a secure monthly income and add to your equity. The choice is yours to make, my friend.

New Flips

New FlipsMost people feel that as a beginner – they just aren’t ready to invest in real estate. They think,  I don’t want to get stuck with property or loans I can’t get out of. The simple fact is, when structured properly, real estate investing, even if you’re just beginning, is a very safe investment alternative.

Let’s first see what a real estate investor really is. There are a number of ways to make money as a real estate investor, you can buy properties, fix them up and sell them (very risky). You can buy a property, list it with a real estate agent and hope to sell it at a profit (again, very risky). Or, you can obtain control of a property for a few dollars then market the property to sell it within a few days (virtually no risk at all). This third method, called house flipping, is what I recommend all beginning real estate investors choose.

The key to flipping real estate is to get in and out quickly. Using good real estate comps in these cases keeps you from selling the property for less then market value. Remember, you’re trying to make a profit and keep the whole process risk-free, so you will have to plan accordingly.

Your goal, then, as a house flipper, is to find under-valued properties, put them under contract, then market them as aggressively as possible. You want to sell the property within days if possible. Remember, you don’t get paid until the property is sold, so just holding onto a property with the hope that you will make an extra few dollars is the wrong attitude. Flipping this way is virtually risk free, because you are not actually buying the property, you are simply putting it under contract. If you are unable to sell it within a reasonable amount of time, you simply walk away – with no further liability.

Hopefully, these ideas will help motivate you to step out into the world of real estate investments and flipping properties. InvestorCompsOnline is here to assist you with that endeavor…join us today!

Monthly Archives: April 2016

The Skills To Win

The Skills To WinSuccess in real estate investing is all about knowing what to buy and how you approach the deal (hint, solid real estate comps make this work in your favor). Let’s look at three skills that you might want to develop to be more successful in your real estate investing business.

First, interpersonal skills are important in real estate negotiations. What makes or breaks a deal is usually whether you have good people skills and are able to make the other party trust you. Spend time establishing rapport when you meet prospective sellers and then applying the win-win formula so that they feel the value in doing a transaction with you and maybe recommend their friends to sell property to you in the future.

Secondly, you need to be able to do simple math and analyze the potential profit of the property that you are interested in. Spending time analyzing your buying price relative to similar units in the area is important and buying it at an under value is always good. We all know the profit is made when you buy! Alternatively, when buying properties that you want to improve, always factor the sums on how much the repairs and renovation will cost and if you are new to the fix and flip real estate sphere, bring your contractor along for the inspection.

Thirdly, real estate bargain hunting requires persistence. You might have to look at hundreds of properties before you find a property that you think can yield good rental returns and is suitable for you to buy. Remember that similarly, not all foreclosure and auction sites represent bargains. Make an appointment to go down to the property and physically examine it to be sure that it meets your requirements. Staying consistent in your search for the right real estate investment is thus key to making a good real estate acquisition.

In conclusion, take some time to examine whether you have the three skill-sets mentioned above and then take massive action to start looking for your next real estate bargain. Believe in yourself today and focus on achieving your real estate investment goals. Carpe Diem!

The Right Team

The Right TeamContractors, like great real estate comps, are a valuable part of a flip. As  investors, we know this is a no brainer. The goal is that you find the right mix for your personality. Renovating and rehabbing houses can be tricky at best, yet our best deals come from the ugliest of houses, so we need to crack the contractor code. Take a look at this tip and see if you can benefit from the information.

You never want to hand over a property to a contractor who will then get lackadaisical and forget the promises they made to you. While securing the bid, they promise the moon. They say they will get right on your job. Even putting it in writing offers no immediate protection. Remember you are juggling hard money loans, and your working capital, as well as the monthly note.

What I  have found is that they secure another 4-5 jobs and then try to juggle all those balls in the air at once. Well they drop the balls. Contractors (not all now, but most) will put you on the back burner getting to you when they have time on their schedule, not yours.

A great tactic to try with a new contractor is this, I only give a contractor one small job to see if they can prove themselves. If they can, I give them more of the job to rehab. This is needed for them to work for me, if they can show up on time, do quality craftsmanship, within the budget we negotiated, and complete the small job when they say they can, I will continue to give them  other jobs.

Once you have a good working relationship with a contractor, I encourage you to stick together. The knowledge that you can hand a project over and have confidence that it will be done properly is immeasurable.

Start The Selling Process

Start The Selling ProcessThe real estate comps have been utilized. All of the work is all done. You have purchased a house, renovated it, fixed all of the issues, and now it’s ready to sell. But where do you start? What’s the next step to get this property sold and move on to the next?

One of the first things to do is write your copy. You will want to highlight all of the things in the home that build value. If you are tailoring your sales to a particular market, be sure to include those specific things that will appeal to that market. For instance, if you are marketing to people who have children, a large fenced-in backyard or a good school system may be your focal point.

You will definitely want to have an idea of what the house is worth when you prepare your listing. Using InvestorCompsOnline to assess the value will prevent you from overshooting the value in an effort to make a maximum profit, but you also don’t want to undervalue the house to move it quickly, either. This leads to my next point.

If you do not have a real estate background, partnering with a listing agent is essential. That real estate professional can help you figure out the right niche to market to if you are not sure, and he or she can also be a huge help in determining the right sale price, because he or she is the expert on the market you are looking to sell in.

It helps to have all of your paperwork lined up and ready so that any prospective buyer can get a quick glimpse into what all you did in order to make the house better. This also means providing all of your permits so that the buyer and all of the necessary agencies know that the work was done properly. That honesty will go a long way for you, now and in the future.

Ultimately, you want everything to work so that your buyer is ready to move quickly. Showcase the home properly, and don’t be shy about what you did during the makeover. Anything you can do ahead of time to prepare answers to potential questions and have paperwork ready will be important, as well as good business. Best of luck to you on your first flip – may it be the beginning of a lucrative career!

Removing The Mystery Of Investing

Removing The Mystery Of InvestingInvesting in real estate can be a hard investment to break into properly without a fair amount of research into the market itself. That being said, the time spent educating yourself on the current and past trends, as well as real estate comps, will surely be time well spent. Real estate has consistently shown itself to be one of the most stable and profitable of ventures available to the average investor. Initially there is a lot of guesswork involved with the process of investing in real estate. These include such things as where to invest, should you flip or be a landlord, and how to go about the financing that will undoubtedly ensue?  InvestorCompsOnline helps you to take the mystery out of the where, the should I, and the how much.

The best way to pursue this endeavor is to systematically remove the guesswork and replace it with solid facts and informed decisions. The first question is where should you invest? In real estate, there is little that is more important than location. Making sure that you pick a property in a decent area helps you tremendously in the long run.

Now comes one of the big questions. Will you flip the property or do you have what it takes to be a landlord? This decision will factor largely into the kind of property you choose. Flipping real estate can bring in a nice profit quickly if you are willing to spend some money on renovations or upgrades. On the other hand, being a landlord can bring in a secure monthly income and add to your equity. The choice is yours to make, my friend.

New Flips

New FlipsMost people feel that as a beginner – they just aren’t ready to invest in real estate. They think,  I don’t want to get stuck with property or loans I can’t get out of. The simple fact is, when structured properly, real estate investing, even if you’re just beginning, is a very safe investment alternative.

Let’s first see what a real estate investor really is. There are a number of ways to make money as a real estate investor, you can buy properties, fix them up and sell them (very risky). You can buy a property, list it with a real estate agent and hope to sell it at a profit (again, very risky). Or, you can obtain control of a property for a few dollars then market the property to sell it within a few days (virtually no risk at all). This third method, called house flipping, is what I recommend all beginning real estate investors choose.

The key to flipping real estate is to get in and out quickly. Using good real estate comps in these cases keeps you from selling the property for less then market value. Remember, you’re trying to make a profit and keep the whole process risk-free, so you will have to plan accordingly.

Your goal, then, as a house flipper, is to find under-valued properties, put them under contract, then market them as aggressively as possible. You want to sell the property within days if possible. Remember, you don’t get paid until the property is sold, so just holding onto a property with the hope that you will make an extra few dollars is the wrong attitude. Flipping this way is virtually risk free, because you are not actually buying the property, you are simply putting it under contract. If you are unable to sell it within a reasonable amount of time, you simply walk away – with no further liability.

Hopefully, these ideas will help motivate you to step out into the world of real estate investments and flipping properties. InvestorCompsOnline is here to assist you with that endeavor…join us today!

Monthly Archives: April 2016

The Skills To Win

The Skills To WinSuccess in real estate investing is all about knowing what to buy and how you approach the deal (hint, solid real estate comps make this work in your favor). Let’s look at three skills that you might want to develop to be more successful in your real estate investing business.

First, interpersonal skills are important in real estate negotiations. What makes or breaks a deal is usually whether you have good people skills and are able to make the other party trust you. Spend time establishing rapport when you meet prospective sellers and then applying the win-win formula so that they feel the value in doing a transaction with you and maybe recommend their friends to sell property to you in the future.

Secondly, you need to be able to do simple math and analyze the potential profit of the property that you are interested in. Spending time analyzing your buying price relative to similar units in the area is important and buying it at an under value is always good. We all know the profit is made when you buy! Alternatively, when buying properties that you want to improve, always factor the sums on how much the repairs and renovation will cost and if you are new to the fix and flip real estate sphere, bring your contractor along for the inspection.

Thirdly, real estate bargain hunting requires persistence. You might have to look at hundreds of properties before you find a property that you think can yield good rental returns and is suitable for you to buy. Remember that similarly, not all foreclosure and auction sites represent bargains. Make an appointment to go down to the property and physically examine it to be sure that it meets your requirements. Staying consistent in your search for the right real estate investment is thus key to making a good real estate acquisition.

In conclusion, take some time to examine whether you have the three skill-sets mentioned above and then take massive action to start looking for your next real estate bargain. Believe in yourself today and focus on achieving your real estate investment goals. Carpe Diem!

The Right Team

The Right TeamContractors, like great real estate comps, are a valuable part of a flip. As  investors, we know this is a no brainer. The goal is that you find the right mix for your personality. Renovating and rehabbing houses can be tricky at best, yet our best deals come from the ugliest of houses, so we need to crack the contractor code. Take a look at this tip and see if you can benefit from the information.

You never want to hand over a property to a contractor who will then get lackadaisical and forget the promises they made to you. While securing the bid, they promise the moon. They say they will get right on your job. Even putting it in writing offers no immediate protection. Remember you are juggling hard money loans, and your working capital, as well as the monthly note.

What I  have found is that they secure another 4-5 jobs and then try to juggle all those balls in the air at once. Well they drop the balls. Contractors (not all now, but most) will put you on the back burner getting to you when they have time on their schedule, not yours.

A great tactic to try with a new contractor is this, I only give a contractor one small job to see if they can prove themselves. If they can, I give them more of the job to rehab. This is needed for them to work for me, if they can show up on time, do quality craftsmanship, within the budget we negotiated, and complete the small job when they say they can, I will continue to give them  other jobs.

Once you have a good working relationship with a contractor, I encourage you to stick together. The knowledge that you can hand a project over and have confidence that it will be done properly is immeasurable.

Start The Selling Process

Start The Selling ProcessThe real estate comps have been utilized. All of the work is all done. You have purchased a house, renovated it, fixed all of the issues, and now it’s ready to sell. But where do you start? What’s the next step to get this property sold and move on to the next?

One of the first things to do is write your copy. You will want to highlight all of the things in the home that build value. If you are tailoring your sales to a particular market, be sure to include those specific things that will appeal to that market. For instance, if you are marketing to people who have children, a large fenced-in backyard or a good school system may be your focal point.

You will definitely want to have an idea of what the house is worth when you prepare your listing. Using InvestorCompsOnline to assess the value will prevent you from overshooting the value in an effort to make a maximum profit, but you also don’t want to undervalue the house to move it quickly, either. This leads to my next point.

If you do not have a real estate background, partnering with a listing agent is essential. That real estate professional can help you figure out the right niche to market to if you are not sure, and he or she can also be a huge help in determining the right sale price, because he or she is the expert on the market you are looking to sell in.

It helps to have all of your paperwork lined up and ready so that any prospective buyer can get a quick glimpse into what all you did in order to make the house better. This also means providing all of your permits so that the buyer and all of the necessary agencies know that the work was done properly. That honesty will go a long way for you, now and in the future.

Ultimately, you want everything to work so that your buyer is ready to move quickly. Showcase the home properly, and don’t be shy about what you did during the makeover. Anything you can do ahead of time to prepare answers to potential questions and have paperwork ready will be important, as well as good business. Best of luck to you on your first flip – may it be the beginning of a lucrative career!

Removing The Mystery Of Investing

Removing The Mystery Of InvestingInvesting in real estate can be a hard investment to break into properly without a fair amount of research into the market itself. That being said, the time spent educating yourself on the current and past trends, as well as real estate comps, will surely be time well spent. Real estate has consistently shown itself to be one of the most stable and profitable of ventures available to the average investor. Initially there is a lot of guesswork involved with the process of investing in real estate. These include such things as where to invest, should you flip or be a landlord, and how to go about the financing that will undoubtedly ensue?  InvestorCompsOnline helps you to take the mystery out of the where, the should I, and the how much.

The best way to pursue this endeavor is to systematically remove the guesswork and replace it with solid facts and informed decisions. The first question is where should you invest? In real estate, there is little that is more important than location. Making sure that you pick a property in a decent area helps you tremendously in the long run.

Now comes one of the big questions. Will you flip the property or do you have what it takes to be a landlord? This decision will factor largely into the kind of property you choose. Flipping real estate can bring in a nice profit quickly if you are willing to spend some money on renovations or upgrades. On the other hand, being a landlord can bring in a secure monthly income and add to your equity. The choice is yours to make, my friend.

New Flips

New FlipsMost people feel that as a beginner – they just aren’t ready to invest in real estate. They think,  I don’t want to get stuck with property or loans I can’t get out of. The simple fact is, when structured properly, real estate investing, even if you’re just beginning, is a very safe investment alternative.

Let’s first see what a real estate investor really is. There are a number of ways to make money as a real estate investor, you can buy properties, fix them up and sell them (very risky). You can buy a property, list it with a real estate agent and hope to sell it at a profit (again, very risky). Or, you can obtain control of a property for a few dollars then market the property to sell it within a few days (virtually no risk at all). This third method, called house flipping, is what I recommend all beginning real estate investors choose.

The key to flipping real estate is to get in and out quickly. Using good real estate comps in these cases keeps you from selling the property for less then market value. Remember, you’re trying to make a profit and keep the whole process risk-free, so you will have to plan accordingly.

Your goal, then, as a house flipper, is to find under-valued properties, put them under contract, then market them as aggressively as possible. You want to sell the property within days if possible. Remember, you don’t get paid until the property is sold, so just holding onto a property with the hope that you will make an extra few dollars is the wrong attitude. Flipping this way is virtually risk free, because you are not actually buying the property, you are simply putting it under contract. If you are unable to sell it within a reasonable amount of time, you simply walk away – with no further liability.

Hopefully, these ideas will help motivate you to step out into the world of real estate investments and flipping properties. InvestorCompsOnline is here to assist you with that endeavor…join us today!

Monthly Archives: April 2016

The Skills To Win

The Skills To WinSuccess in real estate investing is all about knowing what to buy and how you approach the deal (hint, solid real estate comps make this work in your favor). Let’s look at three skills that you might want to develop to be more successful in your real estate investing business.

First, interpersonal skills are important in real estate negotiations. What makes or breaks a deal is usually whether you have good people skills and are able to make the other party trust you. Spend time establishing rapport when you meet prospective sellers and then applying the win-win formula so that they feel the value in doing a transaction with you and maybe recommend their friends to sell property to you in the future.

Secondly, you need to be able to do simple math and analyze the potential profit of the property that you are interested in. Spending time analyzing your buying price relative to similar units in the area is important and buying it at an under value is always good. We all know the profit is made when you buy! Alternatively, when buying properties that you want to improve, always factor the sums on how much the repairs and renovation will cost and if you are new to the fix and flip real estate sphere, bring your contractor along for the inspection.

Thirdly, real estate bargain hunting requires persistence. You might have to look at hundreds of properties before you find a property that you think can yield good rental returns and is suitable for you to buy. Remember that similarly, not all foreclosure and auction sites represent bargains. Make an appointment to go down to the property and physically examine it to be sure that it meets your requirements. Staying consistent in your search for the right real estate investment is thus key to making a good real estate acquisition.

In conclusion, take some time to examine whether you have the three skill-sets mentioned above and then take massive action to start looking for your next real estate bargain. Believe in yourself today and focus on achieving your real estate investment goals. Carpe Diem!

The Right Team

The Right TeamContractors, like great real estate comps, are a valuable part of a flip. As  investors, we know this is a no brainer. The goal is that you find the right mix for your personality. Renovating and rehabbing houses can be tricky at best, yet our best deals come from the ugliest of houses, so we need to crack the contractor code. Take a look at this tip and see if you can benefit from the information.

You never want to hand over a property to a contractor who will then get lackadaisical and forget the promises they made to you. While securing the bid, they promise the moon. They say they will get right on your job. Even putting it in writing offers no immediate protection. Remember you are juggling hard money loans, and your working capital, as well as the monthly note.

What I  have found is that they secure another 4-5 jobs and then try to juggle all those balls in the air at once. Well they drop the balls. Contractors (not all now, but most) will put you on the back burner getting to you when they have time on their schedule, not yours.

A great tactic to try with a new contractor is this, I only give a contractor one small job to see if they can prove themselves. If they can, I give them more of the job to rehab. This is needed for them to work for me, if they can show up on time, do quality craftsmanship, within the budget we negotiated, and complete the small job when they say they can, I will continue to give them  other jobs.

Once you have a good working relationship with a contractor, I encourage you to stick together. The knowledge that you can hand a project over and have confidence that it will be done properly is immeasurable.

Start The Selling Process

Start The Selling ProcessThe real estate comps have been utilized. All of the work is all done. You have purchased a house, renovated it, fixed all of the issues, and now it’s ready to sell. But where do you start? What’s the next step to get this property sold and move on to the next?

One of the first things to do is write your copy. You will want to highlight all of the things in the home that build value. If you are tailoring your sales to a particular market, be sure to include those specific things that will appeal to that market. For instance, if you are marketing to people who have children, a large fenced-in backyard or a good school system may be your focal point.

You will definitely want to have an idea of what the house is worth when you prepare your listing. Using InvestorCompsOnline to assess the value will prevent you from overshooting the value in an effort to make a maximum profit, but you also don’t want to undervalue the house to move it quickly, either. This leads to my next point.

If you do not have a real estate background, partnering with a listing agent is essential. That real estate professional can help you figure out the right niche to market to if you are not sure, and he or she can also be a huge help in determining the right sale price, because he or she is the expert on the market you are looking to sell in.

It helps to have all of your paperwork lined up and ready so that any prospective buyer can get a quick glimpse into what all you did in order to make the house better. This also means providing all of your permits so that the buyer and all of the necessary agencies know that the work was done properly. That honesty will go a long way for you, now and in the future.

Ultimately, you want everything to work so that your buyer is ready to move quickly. Showcase the home properly, and don’t be shy about what you did during the makeover. Anything you can do ahead of time to prepare answers to potential questions and have paperwork ready will be important, as well as good business. Best of luck to you on your first flip – may it be the beginning of a lucrative career!

Removing The Mystery Of Investing

Removing The Mystery Of InvestingInvesting in real estate can be a hard investment to break into properly without a fair amount of research into the market itself. That being said, the time spent educating yourself on the current and past trends, as well as real estate comps, will surely be time well spent. Real estate has consistently shown itself to be one of the most stable and profitable of ventures available to the average investor. Initially there is a lot of guesswork involved with the process of investing in real estate. These include such things as where to invest, should you flip or be a landlord, and how to go about the financing that will undoubtedly ensue?  InvestorCompsOnline helps you to take the mystery out of the where, the should I, and the how much.

The best way to pursue this endeavor is to systematically remove the guesswork and replace it with solid facts and informed decisions. The first question is where should you invest? In real estate, there is little that is more important than location. Making sure that you pick a property in a decent area helps you tremendously in the long run.

Now comes one of the big questions. Will you flip the property or do you have what it takes to be a landlord? This decision will factor largely into the kind of property you choose. Flipping real estate can bring in a nice profit quickly if you are willing to spend some money on renovations or upgrades. On the other hand, being a landlord can bring in a secure monthly income and add to your equity. The choice is yours to make, my friend.

New Flips

New FlipsMost people feel that as a beginner – they just aren’t ready to invest in real estate. They think,  I don’t want to get stuck with property or loans I can’t get out of. The simple fact is, when structured properly, real estate investing, even if you’re just beginning, is a very safe investment alternative.

Let’s first see what a real estate investor really is. There are a number of ways to make money as a real estate investor, you can buy properties, fix them up and sell them (very risky). You can buy a property, list it with a real estate agent and hope to sell it at a profit (again, very risky). Or, you can obtain control of a property for a few dollars then market the property to sell it within a few days (virtually no risk at all). This third method, called house flipping, is what I recommend all beginning real estate investors choose.

The key to flipping real estate is to get in and out quickly. Using good real estate comps in these cases keeps you from selling the property for less then market value. Remember, you’re trying to make a profit and keep the whole process risk-free, so you will have to plan accordingly.

Your goal, then, as a house flipper, is to find under-valued properties, put them under contract, then market them as aggressively as possible. You want to sell the property within days if possible. Remember, you don’t get paid until the property is sold, so just holding onto a property with the hope that you will make an extra few dollars is the wrong attitude. Flipping this way is virtually risk free, because you are not actually buying the property, you are simply putting it under contract. If you are unable to sell it within a reasonable amount of time, you simply walk away – with no further liability.

Hopefully, these ideas will help motivate you to step out into the world of real estate investments and flipping properties. InvestorCompsOnline is here to assist you with that endeavor…join us today!

Monthly Archives: April 2016

The Skills To Win

The Skills To WinSuccess in real estate investing is all about knowing what to buy and how you approach the deal (hint, solid real estate comps make this work in your favor). Let’s look at three skills that you might want to develop to be more successful in your real estate investing business.

First, interpersonal skills are important in real estate negotiations. What makes or breaks a deal is usually whether you have good people skills and are able to make the other party trust you. Spend time establishing rapport when you meet prospective sellers and then applying the win-win formula so that they feel the value in doing a transaction with you and maybe recommend their friends to sell property to you in the future.

Secondly, you need to be able to do simple math and analyze the potential profit of the property that you are interested in. Spending time analyzing your buying price relative to similar units in the area is important and buying it at an under value is always good. We all know the profit is made when you buy! Alternatively, when buying properties that you want to improve, always factor the sums on how much the repairs and renovation will cost and if you are new to the fix and flip real estate sphere, bring your contractor along for the inspection.

Thirdly, real estate bargain hunting requires persistence. You might have to look at hundreds of properties before you find a property that you think can yield good rental returns and is suitable for you to buy. Remember that similarly, not all foreclosure and auction sites represent bargains. Make an appointment to go down to the property and physically examine it to be sure that it meets your requirements. Staying consistent in your search for the right real estate investment is thus key to making a good real estate acquisition.

In conclusion, take some time to examine whether you have the three skill-sets mentioned above and then take massive action to start looking for your next real estate bargain. Believe in yourself today and focus on achieving your real estate investment goals. Carpe Diem!

The Right Team

The Right TeamContractors, like great real estate comps, are a valuable part of a flip. As  investors, we know this is a no brainer. The goal is that you find the right mix for your personality. Renovating and rehabbing houses can be tricky at best, yet our best deals come from the ugliest of houses, so we need to crack the contractor code. Take a look at this tip and see if you can benefit from the information.

You never want to hand over a property to a contractor who will then get lackadaisical and forget the promises they made to you. While securing the bid, they promise the moon. They say they will get right on your job. Even putting it in writing offers no immediate protection. Remember you are juggling hard money loans, and your working capital, as well as the monthly note.

What I  have found is that they secure another 4-5 jobs and then try to juggle all those balls in the air at once. Well they drop the balls. Contractors (not all now, but most) will put you on the back burner getting to you when they have time on their schedule, not yours.

A great tactic to try with a new contractor is this, I only give a contractor one small job to see if they can prove themselves. If they can, I give them more of the job to rehab. This is needed for them to work for me, if they can show up on time, do quality craftsmanship, within the budget we negotiated, and complete the small job when they say they can, I will continue to give them  other jobs.

Once you have a good working relationship with a contractor, I encourage you to stick together. The knowledge that you can hand a project over and have confidence that it will be done properly is immeasurable.

Start The Selling Process

Start The Selling ProcessThe real estate comps have been utilized. All of the work is all done. You have purchased a house, renovated it, fixed all of the issues, and now it’s ready to sell. But where do you start? What’s the next step to get this property sold and move on to the next?

One of the first things to do is write your copy. You will want to highlight all of the things in the home that build value. If you are tailoring your sales to a particular market, be sure to include those specific things that will appeal to that market. For instance, if you are marketing to people who have children, a large fenced-in backyard or a good school system may be your focal point.

You will definitely want to have an idea of what the house is worth when you prepare your listing. Using InvestorCompsOnline to assess the value will prevent you from overshooting the value in an effort to make a maximum profit, but you also don’t want to undervalue the house to move it quickly, either. This leads to my next point.

If you do not have a real estate background, partnering with a listing agent is essential. That real estate professional can help you figure out the right niche to market to if you are not sure, and he or she can also be a huge help in determining the right sale price, because he or she is the expert on the market you are looking to sell in.

It helps to have all of your paperwork lined up and ready so that any prospective buyer can get a quick glimpse into what all you did in order to make the house better. This also means providing all of your permits so that the buyer and all of the necessary agencies know that the work was done properly. That honesty will go a long way for you, now and in the future.

Ultimately, you want everything to work so that your buyer is ready to move quickly. Showcase the home properly, and don’t be shy about what you did during the makeover. Anything you can do ahead of time to prepare answers to potential questions and have paperwork ready will be important, as well as good business. Best of luck to you on your first flip – may it be the beginning of a lucrative career!

Removing The Mystery Of Investing

Removing The Mystery Of InvestingInvesting in real estate can be a hard investment to break into properly without a fair amount of research into the market itself. That being said, the time spent educating yourself on the current and past trends, as well as real estate comps, will surely be time well spent. Real estate has consistently shown itself to be one of the most stable and profitable of ventures available to the average investor. Initially there is a lot of guesswork involved with the process of investing in real estate. These include such things as where to invest, should you flip or be a landlord, and how to go about the financing that will undoubtedly ensue?  InvestorCompsOnline helps you to take the mystery out of the where, the should I, and the how much.

The best way to pursue this endeavor is to systematically remove the guesswork and replace it with solid facts and informed decisions. The first question is where should you invest? In real estate, there is little that is more important than location. Making sure that you pick a property in a decent area helps you tremendously in the long run.

Now comes one of the big questions. Will you flip the property or do you have what it takes to be a landlord? This decision will factor largely into the kind of property you choose. Flipping real estate can bring in a nice profit quickly if you are willing to spend some money on renovations or upgrades. On the other hand, being a landlord can bring in a secure monthly income and add to your equity. The choice is yours to make, my friend.

New Flips

New FlipsMost people feel that as a beginner – they just aren’t ready to invest in real estate. They think,  I don’t want to get stuck with property or loans I can’t get out of. The simple fact is, when structured properly, real estate investing, even if you’re just beginning, is a very safe investment alternative.

Let’s first see what a real estate investor really is. There are a number of ways to make money as a real estate investor, you can buy properties, fix them up and sell them (very risky). You can buy a property, list it with a real estate agent and hope to sell it at a profit (again, very risky). Or, you can obtain control of a property for a few dollars then market the property to sell it within a few days (virtually no risk at all). This third method, called house flipping, is what I recommend all beginning real estate investors choose.

The key to flipping real estate is to get in and out quickly. Using good real estate comps in these cases keeps you from selling the property for less then market value. Remember, you’re trying to make a profit and keep the whole process risk-free, so you will have to plan accordingly.

Your goal, then, as a house flipper, is to find under-valued properties, put them under contract, then market them as aggressively as possible. You want to sell the property within days if possible. Remember, you don’t get paid until the property is sold, so just holding onto a property with the hope that you will make an extra few dollars is the wrong attitude. Flipping this way is virtually risk free, because you are not actually buying the property, you are simply putting it under contract. If you are unable to sell it within a reasonable amount of time, you simply walk away – with no further liability.

Hopefully, these ideas will help motivate you to step out into the world of real estate investments and flipping properties. InvestorCompsOnline is here to assist you with that endeavor…join us today!

Monthly Archives: April 2016

The Skills To Win

The Skills To WinSuccess in real estate investing is all about knowing what to buy and how you approach the deal (hint, solid real estate comps make this work in your favor). Let’s look at three skills that you might want to develop to be more successful in your real estate investing business.

First, interpersonal skills are important in real estate negotiations. What makes or breaks a deal is usually whether you have good people skills and are able to make the other party trust you. Spend time establishing rapport when you meet prospective sellers and then applying the win-win formula so that they feel the value in doing a transaction with you and maybe recommend their friends to sell property to you in the future.

Secondly, you need to be able to do simple math and analyze the potential profit of the property that you are interested in. Spending time analyzing your buying price relative to similar units in the area is important and buying it at an under value is always good. We all know the profit is made when you buy! Alternatively, when buying properties that you want to improve, always factor the sums on how much the repairs and renovation will cost and if you are new to the fix and flip real estate sphere, bring your contractor along for the inspection.

Thirdly, real estate bargain hunting requires persistence. You might have to look at hundreds of properties before you find a property that you think can yield good rental returns and is suitable for you to buy. Remember that similarly, not all foreclosure and auction sites represent bargains. Make an appointment to go down to the property and physically examine it to be sure that it meets your requirements. Staying consistent in your search for the right real estate investment is thus key to making a good real estate acquisition.

In conclusion, take some time to examine whether you have the three skill-sets mentioned above and then take massive action to start looking for your next real estate bargain. Believe in yourself today and focus on achieving your real estate investment goals. Carpe Diem!

The Right Team

The Right TeamContractors, like great real estate comps, are a valuable part of a flip. As  investors, we know this is a no brainer. The goal is that you find the right mix for your personality. Renovating and rehabbing houses can be tricky at best, yet our best deals come from the ugliest of houses, so we need to crack the contractor code. Take a look at this tip and see if you can benefit from the information.

You never want to hand over a property to a contractor who will then get lackadaisical and forget the promises they made to you. While securing the bid, they promise the moon. They say they will get right on your job. Even putting it in writing offers no immediate protection. Remember you are juggling hard money loans, and your working capital, as well as the monthly note.

What I  have found is that they secure another 4-5 jobs and then try to juggle all those balls in the air at once. Well they drop the balls. Contractors (not all now, but most) will put you on the back burner getting to you when they have time on their schedule, not yours.

A great tactic to try with a new contractor is this, I only give a contractor one small job to see if they can prove themselves. If they can, I give them more of the job to rehab. This is needed for them to work for me, if they can show up on time, do quality craftsmanship, within the budget we negotiated, and complete the small job when they say they can, I will continue to give them  other jobs.

Once you have a good working relationship with a contractor, I encourage you to stick together. The knowledge that you can hand a project over and have confidence that it will be done properly is immeasurable.

Start The Selling Process

Start The Selling ProcessThe real estate comps have been utilized. All of the work is all done. You have purchased a house, renovated it, fixed all of the issues, and now it’s ready to sell. But where do you start? What’s the next step to get this property sold and move on to the next?

One of the first things to do is write your copy. You will want to highlight all of the things in the home that build value. If you are tailoring your sales to a particular market, be sure to include those specific things that will appeal to that market. For instance, if you are marketing to people who have children, a large fenced-in backyard or a good school system may be your focal point.

You will definitely want to have an idea of what the house is worth when you prepare your listing. Using InvestorCompsOnline to assess the value will prevent you from overshooting the value in an effort to make a maximum profit, but you also don’t want to undervalue the house to move it quickly, either. This leads to my next point.

If you do not have a real estate background, partnering with a listing agent is essential. That real estate professional can help you figure out the right niche to market to if you are not sure, and he or she can also be a huge help in determining the right sale price, because he or she is the expert on the market you are looking to sell in.

It helps to have all of your paperwork lined up and ready so that any prospective buyer can get a quick glimpse into what all you did in order to make the house better. This also means providing all of your permits so that the buyer and all of the necessary agencies know that the work was done properly. That honesty will go a long way for you, now and in the future.

Ultimately, you want everything to work so that your buyer is ready to move quickly. Showcase the home properly, and don’t be shy about what you did during the makeover. Anything you can do ahead of time to prepare answers to potential questions and have paperwork ready will be important, as well as good business. Best of luck to you on your first flip – may it be the beginning of a lucrative career!

Removing The Mystery Of Investing

Removing The Mystery Of InvestingInvesting in real estate can be a hard investment to break into properly without a fair amount of research into the market itself. That being said, the time spent educating yourself on the current and past trends, as well as real estate comps, will surely be time well spent. Real estate has consistently shown itself to be one of the most stable and profitable of ventures available to the average investor. Initially there is a lot of guesswork involved with the process of investing in real estate. These include such things as where to invest, should you flip or be a landlord, and how to go about the financing that will undoubtedly ensue?  InvestorCompsOnline helps you to take the mystery out of the where, the should I, and the how much.

The best way to pursue this endeavor is to systematically remove the guesswork and replace it with solid facts and informed decisions. The first question is where should you invest? In real estate, there is little that is more important than location. Making sure that you pick a property in a decent area helps you tremendously in the long run.

Now comes one of the big questions. Will you flip the property or do you have what it takes to be a landlord? This decision will factor largely into the kind of property you choose. Flipping real estate can bring in a nice profit quickly if you are willing to spend some money on renovations or upgrades. On the other hand, being a landlord can bring in a secure monthly income and add to your equity. The choice is yours to make, my friend.

New Flips

New FlipsMost people feel that as a beginner – they just aren’t ready to invest in real estate. They think,  I don’t want to get stuck with property or loans I can’t get out of. The simple fact is, when structured properly, real estate investing, even if you’re just beginning, is a very safe investment alternative.

Let’s first see what a real estate investor really is. There are a number of ways to make money as a real estate investor, you can buy properties, fix them up and sell them (very risky). You can buy a property, list it with a real estate agent and hope to sell it at a profit (again, very risky). Or, you can obtain control of a property for a few dollars then market the property to sell it within a few days (virtually no risk at all). This third method, called house flipping, is what I recommend all beginning real estate investors choose.

The key to flipping real estate is to get in and out quickly. Using good real estate comps in these cases keeps you from selling the property for less then market value. Remember, you’re trying to make a profit and keep the whole process risk-free, so you will have to plan accordingly.

Your goal, then, as a house flipper, is to find under-valued properties, put them under contract, then market them as aggressively as possible. You want to sell the property within days if possible. Remember, you don’t get paid until the property is sold, so just holding onto a property with the hope that you will make an extra few dollars is the wrong attitude. Flipping this way is virtually risk free, because you are not actually buying the property, you are simply putting it under contract. If you are unable to sell it within a reasonable amount of time, you simply walk away – with no further liability.

Hopefully, these ideas will help motivate you to step out into the world of real estate investments and flipping properties. InvestorCompsOnline is here to assist you with that endeavor…join us today!

Monthly Archives: April 2016

The Skills To Win

The Skills To WinSuccess in real estate investing is all about knowing what to buy and how you approach the deal (hint, solid real estate comps make this work in your favor). Let’s look at three skills that you might want to develop to be more successful in your real estate investing business.

First, interpersonal skills are important in real estate negotiations. What makes or breaks a deal is usually whether you have good people skills and are able to make the other party trust you. Spend time establishing rapport when you meet prospective sellers and then applying the win-win formula so that they feel the value in doing a transaction with you and maybe recommend their friends to sell property to you in the future.

Secondly, you need to be able to do simple math and analyze the potential profit of the property that you are interested in. Spending time analyzing your buying price relative to similar units in the area is important and buying it at an under value is always good. We all know the profit is made when you buy! Alternatively, when buying properties that you want to improve, always factor the sums on how much the repairs and renovation will cost and if you are new to the fix and flip real estate sphere, bring your contractor along for the inspection.

Thirdly, real estate bargain hunting requires persistence. You might have to look at hundreds of properties before you find a property that you think can yield good rental returns and is suitable for you to buy. Remember that similarly, not all foreclosure and auction sites represent bargains. Make an appointment to go down to the property and physically examine it to be sure that it meets your requirements. Staying consistent in your search for the right real estate investment is thus key to making a good real estate acquisition.

In conclusion, take some time to examine whether you have the three skill-sets mentioned above and then take massive action to start looking for your next real estate bargain. Believe in yourself today and focus on achieving your real estate investment goals. Carpe Diem!

The Right Team

The Right TeamContractors, like great real estate comps, are a valuable part of a flip. As  investors, we know this is a no brainer. The goal is that you find the right mix for your personality. Renovating and rehabbing houses can be tricky at best, yet our best deals come from the ugliest of houses, so we need to crack the contractor code. Take a look at this tip and see if you can benefit from the information.

You never want to hand over a property to a contractor who will then get lackadaisical and forget the promises they made to you. While securing the bid, they promise the moon. They say they will get right on your job. Even putting it in writing offers no immediate protection. Remember you are juggling hard money loans, and your working capital, as well as the monthly note.

What I  have found is that they secure another 4-5 jobs and then try to juggle all those balls in the air at once. Well they drop the balls. Contractors (not all now, but most) will put you on the back burner getting to you when they have time on their schedule, not yours.

A great tactic to try with a new contractor is this, I only give a contractor one small job to see if they can prove themselves. If they can, I give them more of the job to rehab. This is needed for them to work for me, if they can show up on time, do quality craftsmanship, within the budget we negotiated, and complete the small job when they say they can, I will continue to give them  other jobs.

Once you have a good working relationship with a contractor, I encourage you to stick together. The knowledge that you can hand a project over and have confidence that it will be done properly is immeasurable.

Start The Selling Process

Start The Selling ProcessThe real estate comps have been utilized. All of the work is all done. You have purchased a house, renovated it, fixed all of the issues, and now it’s ready to sell. But where do you start? What’s the next step to get this property sold and move on to the next?

One of the first things to do is write your copy. You will want to highlight all of the things in the home that build value. If you are tailoring your sales to a particular market, be sure to include those specific things that will appeal to that market. For instance, if you are marketing to people who have children, a large fenced-in backyard or a good school system may be your focal point.

You will definitely want to have an idea of what the house is worth when you prepare your listing. Using InvestorCompsOnline to assess the value will prevent you from overshooting the value in an effort to make a maximum profit, but you also don’t want to undervalue the house to move it quickly, either. This leads to my next point.

If you do not have a real estate background, partnering with a listing agent is essential. That real estate professional can help you figure out the right niche to market to if you are not sure, and he or she can also be a huge help in determining the right sale price, because he or she is the expert on the market you are looking to sell in.

It helps to have all of your paperwork lined up and ready so that any prospective buyer can get a quick glimpse into what all you did in order to make the house better. This also means providing all of your permits so that the buyer and all of the necessary agencies know that the work was done properly. That honesty will go a long way for you, now and in the future.

Ultimately, you want everything to work so that your buyer is ready to move quickly. Showcase the home properly, and don’t be shy about what you did during the makeover. Anything you can do ahead of time to prepare answers to potential questions and have paperwork ready will be important, as well as good business. Best of luck to you on your first flip – may it be the beginning of a lucrative career!

Removing The Mystery Of Investing

Removing The Mystery Of InvestingInvesting in real estate can be a hard investment to break into properly without a fair amount of research into the market itself. That being said, the time spent educating yourself on the current and past trends, as well as real estate comps, will surely be time well spent. Real estate has consistently shown itself to be one of the most stable and profitable of ventures available to the average investor. Initially there is a lot of guesswork involved with the process of investing in real estate. These include such things as where to invest, should you flip or be a landlord, and how to go about the financing that will undoubtedly ensue?  InvestorCompsOnline helps you to take the mystery out of the where, the should I, and the how much.

The best way to pursue this endeavor is to systematically remove the guesswork and replace it with solid facts and informed decisions. The first question is where should you invest? In real estate, there is little that is more important than location. Making sure that you pick a property in a decent area helps you tremendously in the long run.

Now comes one of the big questions. Will you flip the property or do you have what it takes to be a landlord? This decision will factor largely into the kind of property you choose. Flipping real estate can bring in a nice profit quickly if you are willing to spend some money on renovations or upgrades. On the other hand, being a landlord can bring in a secure monthly income and add to your equity. The choice is yours to make, my friend.

New Flips

New FlipsMost people feel that as a beginner – they just aren’t ready to invest in real estate. They think,  I don’t want to get stuck with property or loans I can’t get out of. The simple fact is, when structured properly, real estate investing, even if you’re just beginning, is a very safe investment alternative.

Let’s first see what a real estate investor really is. There are a number of ways to make money as a real estate investor, you can buy properties, fix them up and sell them (very risky). You can buy a property, list it with a real estate agent and hope to sell it at a profit (again, very risky). Or, you can obtain control of a property for a few dollars then market the property to sell it within a few days (virtually no risk at all). This third method, called house flipping, is what I recommend all beginning real estate investors choose.

The key to flipping real estate is to get in and out quickly. Using good real estate comps in these cases keeps you from selling the property for less then market value. Remember, you’re trying to make a profit and keep the whole process risk-free, so you will have to plan accordingly.

Your goal, then, as a house flipper, is to find under-valued properties, put them under contract, then market them as aggressively as possible. You want to sell the property within days if possible. Remember, you don’t get paid until the property is sold, so just holding onto a property with the hope that you will make an extra few dollars is the wrong attitude. Flipping this way is virtually risk free, because you are not actually buying the property, you are simply putting it under contract. If you are unable to sell it within a reasonable amount of time, you simply walk away – with no further liability.

Hopefully, these ideas will help motivate you to step out into the world of real estate investments and flipping properties. InvestorCompsOnline is here to assist you with that endeavor…join us today!

Monthly Archives: April 2016

The Skills To Win

The Skills To WinSuccess in real estate investing is all about knowing what to buy and how you approach the deal (hint, solid real estate comps make this work in your favor). Let’s look at three skills that you might want to develop to be more successful in your real estate investing business.

First, interpersonal skills are important in real estate negotiations. What makes or breaks a deal is usually whether you have good people skills and are able to make the other party trust you. Spend time establishing rapport when you meet prospective sellers and then applying the win-win formula so that they feel the value in doing a transaction with you and maybe recommend their friends to sell property to you in the future.

Secondly, you need to be able to do simple math and analyze the potential profit of the property that you are interested in. Spending time analyzing your buying price relative to similar units in the area is important and buying it at an under value is always good. We all know the profit is made when you buy! Alternatively, when buying properties that you want to improve, always factor the sums on how much the repairs and renovation will cost and if you are new to the fix and flip real estate sphere, bring your contractor along for the inspection.

Thirdly, real estate bargain hunting requires persistence. You might have to look at hundreds of properties before you find a property that you think can yield good rental returns and is suitable for you to buy. Remember that similarly, not all foreclosure and auction sites represent bargains. Make an appointment to go down to the property and physically examine it to be sure that it meets your requirements. Staying consistent in your search for the right real estate investment is thus key to making a good real estate acquisition.

In conclusion, take some time to examine whether you have the three skill-sets mentioned above and then take massive action to start looking for your next real estate bargain. Believe in yourself today and focus on achieving your real estate investment goals. Carpe Diem!

The Right Team

The Right TeamContractors, like great real estate comps, are a valuable part of a flip. As  investors, we know this is a no brainer. The goal is that you find the right mix for your personality. Renovating and rehabbing houses can be tricky at best, yet our best deals come from the ugliest of houses, so we need to crack the contractor code. Take a look at this tip and see if you can benefit from the information.

You never want to hand over a property to a contractor who will then get lackadaisical and forget the promises they made to you. While securing the bid, they promise the moon. They say they will get right on your job. Even putting it in writing offers no immediate protection. Remember you are juggling hard money loans, and your working capital, as well as the monthly note.

What I  have found is that they secure another 4-5 jobs and then try to juggle all those balls in the air at once. Well they drop the balls. Contractors (not all now, but most) will put you on the back burner getting to you when they have time on their schedule, not yours.

A great tactic to try with a new contractor is this, I only give a contractor one small job to see if they can prove themselves. If they can, I give them more of the job to rehab. This is needed for them to work for me, if they can show up on time, do quality craftsmanship, within the budget we negotiated, and complete the small job when they say they can, I will continue to give them  other jobs.

Once you have a good working relationship with a contractor, I encourage you to stick together. The knowledge that you can hand a project over and have confidence that it will be done properly is immeasurable.

Start The Selling Process

Start The Selling ProcessThe real estate comps have been utilized. All of the work is all done. You have purchased a house, renovated it, fixed all of the issues, and now it’s ready to sell. But where do you start? What’s the next step to get this property sold and move on to the next?

One of the first things to do is write your copy. You will want to highlight all of the things in the home that build value. If you are tailoring your sales to a particular market, be sure to include those specific things that will appeal to that market. For instance, if you are marketing to people who have children, a large fenced-in backyard or a good school system may be your focal point.

You will definitely want to have an idea of what the house is worth when you prepare your listing. Using InvestorCompsOnline to assess the value will prevent you from overshooting the value in an effort to make a maximum profit, but you also don’t want to undervalue the house to move it quickly, either. This leads to my next point.

If you do not have a real estate background, partnering with a listing agent is essential. That real estate professional can help you figure out the right niche to market to if you are not sure, and he or she can also be a huge help in determining the right sale price, because he or she is the expert on the market you are looking to sell in.

It helps to have all of your paperwork lined up and ready so that any prospective buyer can get a quick glimpse into what all you did in order to make the house better. This also means providing all of your permits so that the buyer and all of the necessary agencies know that the work was done properly. That honesty will go a long way for you, now and in the future.

Ultimately, you want everything to work so that your buyer is ready to move quickly. Showcase the home properly, and don’t be shy about what you did during the makeover. Anything you can do ahead of time to prepare answers to potential questions and have paperwork ready will be important, as well as good business. Best of luck to you on your first flip – may it be the beginning of a lucrative career!

Removing The Mystery Of Investing

Removing The Mystery Of InvestingInvesting in real estate can be a hard investment to break into properly without a fair amount of research into the market itself. That being said, the time spent educating yourself on the current and past trends, as well as real estate comps, will surely be time well spent. Real estate has consistently shown itself to be one of the most stable and profitable of ventures available to the average investor. Initially there is a lot of guesswork involved with the process of investing in real estate. These include such things as where to invest, should you flip or be a landlord, and how to go about the financing that will undoubtedly ensue?  InvestorCompsOnline helps you to take the mystery out of the where, the should I, and the how much.

The best way to pursue this endeavor is to systematically remove the guesswork and replace it with solid facts and informed decisions. The first question is where should you invest? In real estate, there is little that is more important than location. Making sure that you pick a property in a decent area helps you tremendously in the long run.

Now comes one of the big questions. Will you flip the property or do you have what it takes to be a landlord? This decision will factor largely into the kind of property you choose. Flipping real estate can bring in a nice profit quickly if you are willing to spend some money on renovations or upgrades. On the other hand, being a landlord can bring in a secure monthly income and add to your equity. The choice is yours to make, my friend.

New Flips

New FlipsMost people feel that as a beginner – they just aren’t ready to invest in real estate. They think,  I don’t want to get stuck with property or loans I can’t get out of. The simple fact is, when structured properly, real estate investing, even if you’re just beginning, is a very safe investment alternative.

Let’s first see what a real estate investor really is. There are a number of ways to make money as a real estate investor, you can buy properties, fix them up and sell them (very risky). You can buy a property, list it with a real estate agent and hope to sell it at a profit (again, very risky). Or, you can obtain control of a property for a few dollars then market the property to sell it within a few days (virtually no risk at all). This third method, called house flipping, is what I recommend all beginning real estate investors choose.

The key to flipping real estate is to get in and out quickly. Using good real estate comps in these cases keeps you from selling the property for less then market value. Remember, you’re trying to make a profit and keep the whole process risk-free, so you will have to plan accordingly.

Your goal, then, as a house flipper, is to find under-valued properties, put them under contract, then market them as aggressively as possible. You want to sell the property within days if possible. Remember, you don’t get paid until the property is sold, so just holding onto a property with the hope that you will make an extra few dollars is the wrong attitude. Flipping this way is virtually risk free, because you are not actually buying the property, you are simply putting it under contract. If you are unable to sell it within a reasonable amount of time, you simply walk away – with no further liability.

Hopefully, these ideas will help motivate you to step out into the world of real estate investments and flipping properties. InvestorCompsOnline is here to assist you with that endeavor…join us today!

Monthly Archives: April 2016

The Skills To Win

The Skills To WinSuccess in real estate investing is all about knowing what to buy and how you approach the deal (hint, solid real estate comps make this work in your favor). Let’s look at three skills that you might want to develop to be more successful in your real estate investing business.

First, interpersonal skills are important in real estate negotiations. What makes or breaks a deal is usually whether you have good people skills and are able to make the other party trust you. Spend time establishing rapport when you meet prospective sellers and then applying the win-win formula so that they feel the value in doing a transaction with you and maybe recommend their friends to sell property to you in the future.

Secondly, you need to be able to do simple math and analyze the potential profit of the property that you are interested in. Spending time analyzing your buying price relative to similar units in the area is important and buying it at an under value is always good. We all know the profit is made when you buy! Alternatively, when buying properties that you want to improve, always factor the sums on how much the repairs and renovation will cost and if you are new to the fix and flip real estate sphere, bring your contractor along for the inspection.

Thirdly, real estate bargain hunting requires persistence. You might have to look at hundreds of properties before you find a property that you think can yield good rental returns and is suitable for you to buy. Remember that similarly, not all foreclosure and auction sites represent bargains. Make an appointment to go down to the property and physically examine it to be sure that it meets your requirements. Staying consistent in your search for the right real estate investment is thus key to making a good real estate acquisition.

In conclusion, take some time to examine whether you have the three skill-sets mentioned above and then take massive action to start looking for your next real estate bargain. Believe in yourself today and focus on achieving your real estate investment goals. Carpe Diem!

The Right Team

The Right TeamContractors, like great real estate comps, are a valuable part of a flip. As  investors, we know this is a no brainer. The goal is that you find the right mix for your personality. Renovating and rehabbing houses can be tricky at best, yet our best deals come from the ugliest of houses, so we need to crack the contractor code. Take a look at this tip and see if you can benefit from the information.

You never want to hand over a property to a contractor who will then get lackadaisical and forget the promises they made to you. While securing the bid, they promise the moon. They say they will get right on your job. Even putting it in writing offers no immediate protection. Remember you are juggling hard money loans, and your working capital, as well as the monthly note.

What I  have found is that they secure another 4-5 jobs and then try to juggle all those balls in the air at once. Well they drop the balls. Contractors (not all now, but most) will put you on the back burner getting to you when they have time on their schedule, not yours.

A great tactic to try with a new contractor is this, I only give a contractor one small job to see if they can prove themselves. If they can, I give them more of the job to rehab. This is needed for them to work for me, if they can show up on time, do quality craftsmanship, within the budget we negotiated, and complete the small job when they say they can, I will continue to give them  other jobs.

Once you have a good working relationship with a contractor, I encourage you to stick together. The knowledge that you can hand a project over and have confidence that it will be done properly is immeasurable.

Start The Selling Process

Start The Selling ProcessThe real estate comps have been utilized. All of the work is all done. You have purchased a house, renovated it, fixed all of the issues, and now it’s ready to sell. But where do you start? What’s the next step to get this property sold and move on to the next?

One of the first things to do is write your copy. You will want to highlight all of the things in the home that build value. If you are tailoring your sales to a particular market, be sure to include those specific things that will appeal to that market. For instance, if you are marketing to people who have children, a large fenced-in backyard or a good school system may be your focal point.

You will definitely want to have an idea of what the house is worth when you prepare your listing. Using InvestorCompsOnline to assess the value will prevent you from overshooting the value in an effort to make a maximum profit, but you also don’t want to undervalue the house to move it quickly, either. This leads to my next point.

If you do not have a real estate background, partnering with a listing agent is essential. That real estate professional can help you figure out the right niche to market to if you are not sure, and he or she can also be a huge help in determining the right sale price, because he or she is the expert on the market you are looking to sell in.

It helps to have all of your paperwork lined up and ready so that any prospective buyer can get a quick glimpse into what all you did in order to make the house better. This also means providing all of your permits so that the buyer and all of the necessary agencies know that the work was done properly. That honesty will go a long way for you, now and in the future.

Ultimately, you want everything to work so that your buyer is ready to move quickly. Showcase the home properly, and don’t be shy about what you did during the makeover. Anything you can do ahead of time to prepare answers to potential questions and have paperwork ready will be important, as well as good business. Best of luck to you on your first flip – may it be the beginning of a lucrative career!

Removing The Mystery Of Investing

Removing The Mystery Of InvestingInvesting in real estate can be a hard investment to break into properly without a fair amount of research into the market itself. That being said, the time spent educating yourself on the current and past trends, as well as real estate comps, will surely be time well spent. Real estate has consistently shown itself to be one of the most stable and profitable of ventures available to the average investor. Initially there is a lot of guesswork involved with the process of investing in real estate. These include such things as where to invest, should you flip or be a landlord, and how to go about the financing that will undoubtedly ensue?  InvestorCompsOnline helps you to take the mystery out of the where, the should I, and the how much.

The best way to pursue this endeavor is to systematically remove the guesswork and replace it with solid facts and informed decisions. The first question is where should you invest? In real estate, there is little that is more important than location. Making sure that you pick a property in a decent area helps you tremendously in the long run.

Now comes one of the big questions. Will you flip the property or do you have what it takes to be a landlord? This decision will factor largely into the kind of property you choose. Flipping real estate can bring in a nice profit quickly if you are willing to spend some money on renovations or upgrades. On the other hand, being a landlord can bring in a secure monthly income and add to your equity. The choice is yours to make, my friend.

New Flips

New FlipsMost people feel that as a beginner – they just aren’t ready to invest in real estate. They think,  I don’t want to get stuck with property or loans I can’t get out of. The simple fact is, when structured properly, real estate investing, even if you’re just beginning, is a very safe investment alternative.

Let’s first see what a real estate investor really is. There are a number of ways to make money as a real estate investor, you can buy properties, fix them up and sell them (very risky). You can buy a property, list it with a real estate agent and hope to sell it at a profit (again, very risky). Or, you can obtain control of a property for a few dollars then market the property to sell it within a few days (virtually no risk at all). This third method, called house flipping, is what I recommend all beginning real estate investors choose.

The key to flipping real estate is to get in and out quickly. Using good real estate comps in these cases keeps you from selling the property for less then market value. Remember, you’re trying to make a profit and keep the whole process risk-free, so you will have to plan accordingly.

Your goal, then, as a house flipper, is to find under-valued properties, put them under contract, then market them as aggressively as possible. You want to sell the property within days if possible. Remember, you don’t get paid until the property is sold, so just holding onto a property with the hope that you will make an extra few dollars is the wrong attitude. Flipping this way is virtually risk free, because you are not actually buying the property, you are simply putting it under contract. If you are unable to sell it within a reasonable amount of time, you simply walk away – with no further liability.

Hopefully, these ideas will help motivate you to step out into the world of real estate investments and flipping properties. InvestorCompsOnline is here to assist you with that endeavor…join us today!

Monthly Archives: April 2016

The Skills To Win

The Skills To WinSuccess in real estate investing is all about knowing what to buy and how you approach the deal (hint, solid real estate comps make this work in your favor). Let’s look at three skills that you might want to develop to be more successful in your real estate investing business.

First, interpersonal skills are important in real estate negotiations. What makes or breaks a deal is usually whether you have good people skills and are able to make the other party trust you. Spend time establishing rapport when you meet prospective sellers and then applying the win-win formula so that they feel the value in doing a transaction with you and maybe recommend their friends to sell property to you in the future.

Secondly, you need to be able to do simple math and analyze the potential profit of the property that you are interested in. Spending time analyzing your buying price relative to similar units in the area is important and buying it at an under value is always good. We all know the profit is made when you buy! Alternatively, when buying properties that you want to improve, always factor the sums on how much the repairs and renovation will cost and if you are new to the fix and flip real estate sphere, bring your contractor along for the inspection.

Thirdly, real estate bargain hunting requires persistence. You might have to look at hundreds of properties before you find a property that you think can yield good rental returns and is suitable for you to buy. Remember that similarly, not all foreclosure and auction sites represent bargains. Make an appointment to go down to the property and physically examine it to be sure that it meets your requirements. Staying consistent in your search for the right real estate investment is thus key to making a good real estate acquisition.

In conclusion, take some time to examine whether you have the three skill-sets mentioned above and then take massive action to start looking for your next real estate bargain. Believe in yourself today and focus on achieving your real estate investment goals. Carpe Diem!

The Right Team

The Right TeamContractors, like great real estate comps, are a valuable part of a flip. As  investors, we know this is a no brainer. The goal is that you find the right mix for your personality. Renovating and rehabbing houses can be tricky at best, yet our best deals come from the ugliest of houses, so we need to crack the contractor code. Take a look at this tip and see if you can benefit from the information.

You never want to hand over a property to a contractor who will then get lackadaisical and forget the promises they made to you. While securing the bid, they promise the moon. They say they will get right on your job. Even putting it in writing offers no immediate protection. Remember you are juggling hard money loans, and your working capital, as well as the monthly note.

What I  have found is that they secure another 4-5 jobs and then try to juggle all those balls in the air at once. Well they drop the balls. Contractors (not all now, but most) will put you on the back burner getting to you when they have time on their schedule, not yours.

A great tactic to try with a new contractor is this, I only give a contractor one small job to see if they can prove themselves. If they can, I give them more of the job to rehab. This is needed for them to work for me, if they can show up on time, do quality craftsmanship, within the budget we negotiated, and complete the small job when they say they can, I will continue to give them  other jobs.

Once you have a good working relationship with a contractor, I encourage you to stick together. The knowledge that you can hand a project over and have confidence that it will be done properly is immeasurable.

Start The Selling Process

Start The Selling ProcessThe real estate comps have been utilized. All of the work is all done. You have purchased a house, renovated it, fixed all of the issues, and now it’s ready to sell. But where do you start? What’s the next step to get this property sold and move on to the next?

One of the first things to do is write your copy. You will want to highlight all of the things in the home that build value. If you are tailoring your sales to a particular market, be sure to include those specific things that will appeal to that market. For instance, if you are marketing to people who have children, a large fenced-in backyard or a good school system may be your focal point.

You will definitely want to have an idea of what the house is worth when you prepare your listing. Using InvestorCompsOnline to assess the value will prevent you from overshooting the value in an effort to make a maximum profit, but you also don’t want to undervalue the house to move it quickly, either. This leads to my next point.

If you do not have a real estate background, partnering with a listing agent is essential. That real estate professional can help you figure out the right niche to market to if you are not sure, and he or she can also be a huge help in determining the right sale price, because he or she is the expert on the market you are looking to sell in.

It helps to have all of your paperwork lined up and ready so that any prospective buyer can get a quick glimpse into what all you did in order to make the house better. This also means providing all of your permits so that the buyer and all of the necessary agencies know that the work was done properly. That honesty will go a long way for you, now and in the future.

Ultimately, you want everything to work so that your buyer is ready to move quickly. Showcase the home properly, and don’t be shy about what you did during the makeover. Anything you can do ahead of time to prepare answers to potential questions and have paperwork ready will be important, as well as good business. Best of luck to you on your first flip – may it be the beginning of a lucrative career!

Removing The Mystery Of Investing

Removing The Mystery Of InvestingInvesting in real estate can be a hard investment to break into properly without a fair amount of research into the market itself. That being said, the time spent educating yourself on the current and past trends, as well as real estate comps, will surely be time well spent. Real estate has consistently shown itself to be one of the most stable and profitable of ventures available to the average investor. Initially there is a lot of guesswork involved with the process of investing in real estate. These include such things as where to invest, should you flip or be a landlord, and how to go about the financing that will undoubtedly ensue?  InvestorCompsOnline helps you to take the mystery out of the where, the should I, and the how much.

The best way to pursue this endeavor is to systematically remove the guesswork and replace it with solid facts and informed decisions. The first question is where should you invest? In real estate, there is little that is more important than location. Making sure that you pick a property in a decent area helps you tremendously in the long run.

Now comes one of the big questions. Will you flip the property or do you have what it takes to be a landlord? This decision will factor largely into the kind of property you choose. Flipping real estate can bring in a nice profit quickly if you are willing to spend some money on renovations or upgrades. On the other hand, being a landlord can bring in a secure monthly income and add to your equity. The choice is yours to make, my friend.

New Flips

New FlipsMost people feel that as a beginner – they just aren’t ready to invest in real estate. They think,  I don’t want to get stuck with property or loans I can’t get out of. The simple fact is, when structured properly, real estate investing, even if you’re just beginning, is a very safe investment alternative.

Let’s first see what a real estate investor really is. There are a number of ways to make money as a real estate investor, you can buy properties, fix them up and sell them (very risky). You can buy a property, list it with a real estate agent and hope to sell it at a profit (again, very risky). Or, you can obtain control of a property for a few dollars then market the property to sell it within a few days (virtually no risk at all). This third method, called house flipping, is what I recommend all beginning real estate investors choose.

The key to flipping real estate is to get in and out quickly. Using good real estate comps in these cases keeps you from selling the property for less then market value. Remember, you’re trying to make a profit and keep the whole process risk-free, so you will have to plan accordingly.

Your goal, then, as a house flipper, is to find under-valued properties, put them under contract, then market them as aggressively as possible. You want to sell the property within days if possible. Remember, you don’t get paid until the property is sold, so just holding onto a property with the hope that you will make an extra few dollars is the wrong attitude. Flipping this way is virtually risk free, because you are not actually buying the property, you are simply putting it under contract. If you are unable to sell it within a reasonable amount of time, you simply walk away – with no further liability.

Hopefully, these ideas will help motivate you to step out into the world of real estate investments and flipping properties. InvestorCompsOnline is here to assist you with that endeavor…join us today!

Monthly Archives: April 2016

The Skills To Win

The Skills To WinSuccess in real estate investing is all about knowing what to buy and how you approach the deal (hint, solid real estate comps make this work in your favor). Let’s look at three skills that you might want to develop to be more successful in your real estate investing business.

First, interpersonal skills are important in real estate negotiations. What makes or breaks a deal is usually whether you have good people skills and are able to make the other party trust you. Spend time establishing rapport when you meet prospective sellers and then applying the win-win formula so that they feel the value in doing a transaction with you and maybe recommend their friends to sell property to you in the future.

Secondly, you need to be able to do simple math and analyze the potential profit of the property that you are interested in. Spending time analyzing your buying price relative to similar units in the area is important and buying it at an under value is always good. We all know the profit is made when you buy! Alternatively, when buying properties that you want to improve, always factor the sums on how much the repairs and renovation will cost and if you are new to the fix and flip real estate sphere, bring your contractor along for the inspection.

Thirdly, real estate bargain hunting requires persistence. You might have to look at hundreds of properties before you find a property that you think can yield good rental returns and is suitable for you to buy. Remember that similarly, not all foreclosure and auction sites represent bargains. Make an appointment to go down to the property and physically examine it to be sure that it meets your requirements. Staying consistent in your search for the right real estate investment is thus key to making a good real estate acquisition.

In conclusion, take some time to examine whether you have the three skill-sets mentioned above and then take massive action to start looking for your next real estate bargain. Believe in yourself today and focus on achieving your real estate investment goals. Carpe Diem!

The Right Team

The Right TeamContractors, like great real estate comps, are a valuable part of a flip. As  investors, we know this is a no brainer. The goal is that you find the right mix for your personality. Renovating and rehabbing houses can be tricky at best, yet our best deals come from the ugliest of houses, so we need to crack the contractor code. Take a look at this tip and see if you can benefit from the information.

You never want to hand over a property to a contractor who will then get lackadaisical and forget the promises they made to you. While securing the bid, they promise the moon. They say they will get right on your job. Even putting it in writing offers no immediate protection. Remember you are juggling hard money loans, and your working capital, as well as the monthly note.

What I  have found is that they secure another 4-5 jobs and then try to juggle all those balls in the air at once. Well they drop the balls. Contractors (not all now, but most) will put you on the back burner getting to you when they have time on their schedule, not yours.

A great tactic to try with a new contractor is this, I only give a contractor one small job to see if they can prove themselves. If they can, I give them more of the job to rehab. This is needed for them to work for me, if they can show up on time, do quality craftsmanship, within the budget we negotiated, and complete the small job when they say they can, I will continue to give them  other jobs.

Once you have a good working relationship with a contractor, I encourage you to stick together. The knowledge that you can hand a project over and have confidence that it will be done properly is immeasurable.

Start The Selling Process

Start The Selling ProcessThe real estate comps have been utilized. All of the work is all done. You have purchased a house, renovated it, fixed all of the issues, and now it’s ready to sell. But where do you start? What’s the next step to get this property sold and move on to the next?

One of the first things to do is write your copy. You will want to highlight all of the things in the home that build value. If you are tailoring your sales to a particular market, be sure to include those specific things that will appeal to that market. For instance, if you are marketing to people who have children, a large fenced-in backyard or a good school system may be your focal point.

You will definitely want to have an idea of what the house is worth when you prepare your listing. Using InvestorCompsOnline to assess the value will prevent you from overshooting the value in an effort to make a maximum profit, but you also don’t want to undervalue the house to move it quickly, either. This leads to my next point.

If you do not have a real estate background, partnering with a listing agent is essential. That real estate professional can help you figure out the right niche to market to if you are not sure, and he or she can also be a huge help in determining the right sale price, because he or she is the expert on the market you are looking to sell in.

It helps to have all of your paperwork lined up and ready so that any prospective buyer can get a quick glimpse into what all you did in order to make the house better. This also means providing all of your permits so that the buyer and all of the necessary agencies know that the work was done properly. That honesty will go a long way for you, now and in the future.

Ultimately, you want everything to work so that your buyer is ready to move quickly. Showcase the home properly, and don’t be shy about what you did during the makeover. Anything you can do ahead of time to prepare answers to potential questions and have paperwork ready will be important, as well as good business. Best of luck to you on your first flip – may it be the beginning of a lucrative career!

Removing The Mystery Of Investing

Removing The Mystery Of InvestingInvesting in real estate can be a hard investment to break into properly without a fair amount of research into the market itself. That being said, the time spent educating yourself on the current and past trends, as well as real estate comps, will surely be time well spent. Real estate has consistently shown itself to be one of the most stable and profitable of ventures available to the average investor. Initially there is a lot of guesswork involved with the process of investing in real estate. These include such things as where to invest, should you flip or be a landlord, and how to go about the financing that will undoubtedly ensue?  InvestorCompsOnline helps you to take the mystery out of the where, the should I, and the how much.

The best way to pursue this endeavor is to systematically remove the guesswork and replace it with solid facts and informed decisions. The first question is where should you invest? In real estate, there is little that is more important than location. Making sure that you pick a property in a decent area helps you tremendously in the long run.

Now comes one of the big questions. Will you flip the property or do you have what it takes to be a landlord? This decision will factor largely into the kind of property you choose. Flipping real estate can bring in a nice profit quickly if you are willing to spend some money on renovations or upgrades. On the other hand, being a landlord can bring in a secure monthly income and add to your equity. The choice is yours to make, my friend.

New Flips

New FlipsMost people feel that as a beginner – they just aren’t ready to invest in real estate. They think,  I don’t want to get stuck with property or loans I can’t get out of. The simple fact is, when structured properly, real estate investing, even if you’re just beginning, is a very safe investment alternative.

Let’s first see what a real estate investor really is. There are a number of ways to make money as a real estate investor, you can buy properties, fix them up and sell them (very risky). You can buy a property, list it with a real estate agent and hope to sell it at a profit (again, very risky). Or, you can obtain control of a property for a few dollars then market the property to sell it within a few days (virtually no risk at all). This third method, called house flipping, is what I recommend all beginning real estate investors choose.

The key to flipping real estate is to get in and out quickly. Using good real estate comps in these cases keeps you from selling the property for less then market value. Remember, you’re trying to make a profit and keep the whole process risk-free, so you will have to plan accordingly.

Your goal, then, as a house flipper, is to find under-valued properties, put them under contract, then market them as aggressively as possible. You want to sell the property within days if possible. Remember, you don’t get paid until the property is sold, so just holding onto a property with the hope that you will make an extra few dollars is the wrong attitude. Flipping this way is virtually risk free, because you are not actually buying the property, you are simply putting it under contract. If you are unable to sell it within a reasonable amount of time, you simply walk away – with no further liability.

Hopefully, these ideas will help motivate you to step out into the world of real estate investments and flipping properties. InvestorCompsOnline is here to assist you with that endeavor…join us today!

Monthly Archives: April 2016

The Skills To Win

The Skills To WinSuccess in real estate investing is all about knowing what to buy and how you approach the deal (hint, solid real estate comps make this work in your favor). Let’s look at three skills that you might want to develop to be more successful in your real estate investing business.

First, interpersonal skills are important in real estate negotiations. What makes or breaks a deal is usually whether you have good people skills and are able to make the other party trust you. Spend time establishing rapport when you meet prospective sellers and then applying the win-win formula so that they feel the value in doing a transaction with you and maybe recommend their friends to sell property to you in the future.

Secondly, you need to be able to do simple math and analyze the potential profit of the property that you are interested in. Spending time analyzing your buying price relative to similar units in the area is important and buying it at an under value is always good. We all know the profit is made when you buy! Alternatively, when buying properties that you want to improve, always factor the sums on how much the repairs and renovation will cost and if you are new to the fix and flip real estate sphere, bring your contractor along for the inspection.

Thirdly, real estate bargain hunting requires persistence. You might have to look at hundreds of properties before you find a property that you think can yield good rental returns and is suitable for you to buy. Remember that similarly, not all foreclosure and auction sites represent bargains. Make an appointment to go down to the property and physically examine it to be sure that it meets your requirements. Staying consistent in your search for the right real estate investment is thus key to making a good real estate acquisition.

In conclusion, take some time to examine whether you have the three skill-sets mentioned above and then take massive action to start looking for your next real estate bargain. Believe in yourself today and focus on achieving your real estate investment goals. Carpe Diem!

The Right Team

The Right TeamContractors, like great real estate comps, are a valuable part of a flip. As  investors, we know this is a no brainer. The goal is that you find the right mix for your personality. Renovating and rehabbing houses can be tricky at best, yet our best deals come from the ugliest of houses, so we need to crack the contractor code. Take a look at this tip and see if you can benefit from the information.

You never want to hand over a property to a contractor who will then get lackadaisical and forget the promises they made to you. While securing the bid, they promise the moon. They say they will get right on your job. Even putting it in writing offers no immediate protection. Remember you are juggling hard money loans, and your working capital, as well as the monthly note.

What I  have found is that they secure another 4-5 jobs and then try to juggle all those balls in the air at once. Well they drop the balls. Contractors (not all now, but most) will put you on the back burner getting to you when they have time on their schedule, not yours.

A great tactic to try with a new contractor is this, I only give a contractor one small job to see if they can prove themselves. If they can, I give them more of the job to rehab. This is needed for them to work for me, if they can show up on time, do quality craftsmanship, within the budget we negotiated, and complete the small job when they say they can, I will continue to give them  other jobs.

Once you have a good working relationship with a contractor, I encourage you to stick together. The knowledge that you can hand a project over and have confidence that it will be done properly is immeasurable.

Start The Selling Process

Start The Selling ProcessThe real estate comps have been utilized. All of the work is all done. You have purchased a house, renovated it, fixed all of the issues, and now it’s ready to sell. But where do you start? What’s the next step to get this property sold and move on to the next?

One of the first things to do is write your copy. You will want to highlight all of the things in the home that build value. If you are tailoring your sales to a particular market, be sure to include those specific things that will appeal to that market. For instance, if you are marketing to people who have children, a large fenced-in backyard or a good school system may be your focal point.

You will definitely want to have an idea of what the house is worth when you prepare your listing. Using InvestorCompsOnline to assess the value will prevent you from overshooting the value in an effort to make a maximum profit, but you also don’t want to undervalue the house to move it quickly, either. This leads to my next point.

If you do not have a real estate background, partnering with a listing agent is essential. That real estate professional can help you figure out the right niche to market to if you are not sure, and he or she can also be a huge help in determining the right sale price, because he or she is the expert on the market you are looking to sell in.

It helps to have all of your paperwork lined up and ready so that any prospective buyer can get a quick glimpse into what all you did in order to make the house better. This also means providing all of your permits so that the buyer and all of the necessary agencies know that the work was done properly. That honesty will go a long way for you, now and in the future.

Ultimately, you want everything to work so that your buyer is ready to move quickly. Showcase the home properly, and don’t be shy about what you did during the makeover. Anything you can do ahead of time to prepare answers to potential questions and have paperwork ready will be important, as well as good business. Best of luck to you on your first flip – may it be the beginning of a lucrative career!

Removing The Mystery Of Investing

Removing The Mystery Of InvestingInvesting in real estate can be a hard investment to break into properly without a fair amount of research into the market itself. That being said, the time spent educating yourself on the current and past trends, as well as real estate comps, will surely be time well spent. Real estate has consistently shown itself to be one of the most stable and profitable of ventures available to the average investor. Initially there is a lot of guesswork involved with the process of investing in real estate. These include such things as where to invest, should you flip or be a landlord, and how to go about the financing that will undoubtedly ensue?  InvestorCompsOnline helps you to take the mystery out of the where, the should I, and the how much.

The best way to pursue this endeavor is to systematically remove the guesswork and replace it with solid facts and informed decisions. The first question is where should you invest? In real estate, there is little that is more important than location. Making sure that you pick a property in a decent area helps you tremendously in the long run.

Now comes one of the big questions. Will you flip the property or do you have what it takes to be a landlord? This decision will factor largely into the kind of property you choose. Flipping real estate can bring in a nice profit quickly if you are willing to spend some money on renovations or upgrades. On the other hand, being a landlord can bring in a secure monthly income and add to your equity. The choice is yours to make, my friend.

New Flips

New FlipsMost people feel that as a beginner – they just aren’t ready to invest in real estate. They think,  I don’t want to get stuck with property or loans I can’t get out of. The simple fact is, when structured properly, real estate investing, even if you’re just beginning, is a very safe investment alternative.

Let’s first see what a real estate investor really is. There are a number of ways to make money as a real estate investor, you can buy properties, fix them up and sell them (very risky). You can buy a property, list it with a real estate agent and hope to sell it at a profit (again, very risky). Or, you can obtain control of a property for a few dollars then market the property to sell it within a few days (virtually no risk at all). This third method, called house flipping, is what I recommend all beginning real estate investors choose.

The key to flipping real estate is to get in and out quickly. Using good real estate comps in these cases keeps you from selling the property for less then market value. Remember, you’re trying to make a profit and keep the whole process risk-free, so you will have to plan accordingly.

Your goal, then, as a house flipper, is to find under-valued properties, put them under contract, then market them as aggressively as possible. You want to sell the property within days if possible. Remember, you don’t get paid until the property is sold, so just holding onto a property with the hope that you will make an extra few dollars is the wrong attitude. Flipping this way is virtually risk free, because you are not actually buying the property, you are simply putting it under contract. If you are unable to sell it within a reasonable amount of time, you simply walk away – with no further liability.

Hopefully, these ideas will help motivate you to step out into the world of real estate investments and flipping properties. InvestorCompsOnline is here to assist you with that endeavor…join us today!

Monthly Archives: April 2016

The Skills To Win

The Skills To WinSuccess in real estate investing is all about knowing what to buy and how you approach the deal (hint, solid real estate comps make this work in your favor). Let’s look at three skills that you might want to develop to be more successful in your real estate investing business.

First, interpersonal skills are important in real estate negotiations. What makes or breaks a deal is usually whether you have good people skills and are able to make the other party trust you. Spend time establishing rapport when you meet prospective sellers and then applying the win-win formula so that they feel the value in doing a transaction with you and maybe recommend their friends to sell property to you in the future.

Secondly, you need to be able to do simple math and analyze the potential profit of the property that you are interested in. Spending time analyzing your buying price relative to similar units in the area is important and buying it at an under value is always good. We all know the profit is made when you buy! Alternatively, when buying properties that you want to improve, always factor the sums on how much the repairs and renovation will cost and if you are new to the fix and flip real estate sphere, bring your contractor along for the inspection.

Thirdly, real estate bargain hunting requires persistence. You might have to look at hundreds of properties before you find a property that you think can yield good rental returns and is suitable for you to buy. Remember that similarly, not all foreclosure and auction sites represent bargains. Make an appointment to go down to the property and physically examine it to be sure that it meets your requirements. Staying consistent in your search for the right real estate investment is thus key to making a good real estate acquisition.

In conclusion, take some time to examine whether you have the three skill-sets mentioned above and then take massive action to start looking for your next real estate bargain. Believe in yourself today and focus on achieving your real estate investment goals. Carpe Diem!

The Right Team

The Right TeamContractors, like great real estate comps, are a valuable part of a flip. As  investors, we know this is a no brainer. The goal is that you find the right mix for your personality. Renovating and rehabbing houses can be tricky at best, yet our best deals come from the ugliest of houses, so we need to crack the contractor code. Take a look at this tip and see if you can benefit from the information.

You never want to hand over a property to a contractor who will then get lackadaisical and forget the promises they made to you. While securing the bid, they promise the moon. They say they will get right on your job. Even putting it in writing offers no immediate protection. Remember you are juggling hard money loans, and your working capital, as well as the monthly note.

What I  have found is that they secure another 4-5 jobs and then try to juggle all those balls in the air at once. Well they drop the balls. Contractors (not all now, but most) will put you on the back burner getting to you when they have time on their schedule, not yours.

A great tactic to try with a new contractor is this, I only give a contractor one small job to see if they can prove themselves. If they can, I give them more of the job to rehab. This is needed for them to work for me, if they can show up on time, do quality craftsmanship, within the budget we negotiated, and complete the small job when they say they can, I will continue to give them  other jobs.

Once you have a good working relationship with a contractor, I encourage you to stick together. The knowledge that you can hand a project over and have confidence that it will be done properly is immeasurable.

Start The Selling Process

Start The Selling ProcessThe real estate comps have been utilized. All of the work is all done. You have purchased a house, renovated it, fixed all of the issues, and now it’s ready to sell. But where do you start? What’s the next step to get this property sold and move on to the next?

One of the first things to do is write your copy. You will want to highlight all of the things in the home that build value. If you are tailoring your sales to a particular market, be sure to include those specific things that will appeal to that market. For instance, if you are marketing to people who have children, a large fenced-in backyard or a good school system may be your focal point.

You will definitely want to have an idea of what the house is worth when you prepare your listing. Using InvestorCompsOnline to assess the value will prevent you from overshooting the value in an effort to make a maximum profit, but you also don’t want to undervalue the house to move it quickly, either. This leads to my next point.

If you do not have a real estate background, partnering with a listing agent is essential. That real estate professional can help you figure out the right niche to market to if you are not sure, and he or she can also be a huge help in determining the right sale price, because he or she is the expert on the market you are looking to sell in.

It helps to have all of your paperwork lined up and ready so that any prospective buyer can get a quick glimpse into what all you did in order to make the house better. This also means providing all of your permits so that the buyer and all of the necessary agencies know that the work was done properly. That honesty will go a long way for you, now and in the future.

Ultimately, you want everything to work so that your buyer is ready to move quickly. Showcase the home properly, and don’t be shy about what you did during the makeover. Anything you can do ahead of time to prepare answers to potential questions and have paperwork ready will be important, as well as good business. Best of luck to you on your first flip – may it be the beginning of a lucrative career!

Removing The Mystery Of Investing

Removing The Mystery Of InvestingInvesting in real estate can be a hard investment to break into properly without a fair amount of research into the market itself. That being said, the time spent educating yourself on the current and past trends, as well as real estate comps, will surely be time well spent. Real estate has consistently shown itself to be one of the most stable and profitable of ventures available to the average investor. Initially there is a lot of guesswork involved with the process of investing in real estate. These include such things as where to invest, should you flip or be a landlord, and how to go about the financing that will undoubtedly ensue?  InvestorCompsOnline helps you to take the mystery out of the where, the should I, and the how much.

The best way to pursue this endeavor is to systematically remove the guesswork and replace it with solid facts and informed decisions. The first question is where should you invest? In real estate, there is little that is more important than location. Making sure that you pick a property in a decent area helps you tremendously in the long run.

Now comes one of the big questions. Will you flip the property or do you have what it takes to be a landlord? This decision will factor largely into the kind of property you choose. Flipping real estate can bring in a nice profit quickly if you are willing to spend some money on renovations or upgrades. On the other hand, being a landlord can bring in a secure monthly income and add to your equity. The choice is yours to make, my friend.

New Flips

New FlipsMost people feel that as a beginner – they just aren’t ready to invest in real estate. They think,  I don’t want to get stuck with property or loans I can’t get out of. The simple fact is, when structured properly, real estate investing, even if you’re just beginning, is a very safe investment alternative.

Let’s first see what a real estate investor really is. There are a number of ways to make money as a real estate investor, you can buy properties, fix them up and sell them (very risky). You can buy a property, list it with a real estate agent and hope to sell it at a profit (again, very risky). Or, you can obtain control of a property for a few dollars then market the property to sell it within a few days (virtually no risk at all). This third method, called house flipping, is what I recommend all beginning real estate investors choose.

The key to flipping real estate is to get in and out quickly. Using good real estate comps in these cases keeps you from selling the property for less then market value. Remember, you’re trying to make a profit and keep the whole process risk-free, so you will have to plan accordingly.

Your goal, then, as a house flipper, is to find under-valued properties, put them under contract, then market them as aggressively as possible. You want to sell the property within days if possible. Remember, you don’t get paid until the property is sold, so just holding onto a property with the hope that you will make an extra few dollars is the wrong attitude. Flipping this way is virtually risk free, because you are not actually buying the property, you are simply putting it under contract. If you are unable to sell it within a reasonable amount of time, you simply walk away – with no further liability.

Hopefully, these ideas will help motivate you to step out into the world of real estate investments and flipping properties. InvestorCompsOnline is here to assist you with that endeavor…join us today!

Monthly Archives: April 2016

The Skills To Win

The Skills To WinSuccess in real estate investing is all about knowing what to buy and how you approach the deal (hint, solid real estate comps make this work in your favor). Let’s look at three skills that you might want to develop to be more successful in your real estate investing business.

First, interpersonal skills are important in real estate negotiations. What makes or breaks a deal is usually whether you have good people skills and are able to make the other party trust you. Spend time establishing rapport when you meet prospective sellers and then applying the win-win formula so that they feel the value in doing a transaction with you and maybe recommend their friends to sell property to you in the future.

Secondly, you need to be able to do simple math and analyze the potential profit of the property that you are interested in. Spending time analyzing your buying price relative to similar units in the area is important and buying it at an under value is always good. We all know the profit is made when you buy! Alternatively, when buying properties that you want to improve, always factor the sums on how much the repairs and renovation will cost and if you are new to the fix and flip real estate sphere, bring your contractor along for the inspection.

Thirdly, real estate bargain hunting requires persistence. You might have to look at hundreds of properties before you find a property that you think can yield good rental returns and is suitable for you to buy. Remember that similarly, not all foreclosure and auction sites represent bargains. Make an appointment to go down to the property and physically examine it to be sure that it meets your requirements. Staying consistent in your search for the right real estate investment is thus key to making a good real estate acquisition.

In conclusion, take some time to examine whether you have the three skill-sets mentioned above and then take massive action to start looking for your next real estate bargain. Believe in yourself today and focus on achieving your real estate investment goals. Carpe Diem!

The Right Team

The Right TeamContractors, like great real estate comps, are a valuable part of a flip. As  investors, we know this is a no brainer. The goal is that you find the right mix for your personality. Renovating and rehabbing houses can be tricky at best, yet our best deals come from the ugliest of houses, so we need to crack the contractor code. Take a look at this tip and see if you can benefit from the information.

You never want to hand over a property to a contractor who will then get lackadaisical and forget the promises they made to you. While securing the bid, they promise the moon. They say they will get right on your job. Even putting it in writing offers no immediate protection. Remember you are juggling hard money loans, and your working capital, as well as the monthly note.

What I  have found is that they secure another 4-5 jobs and then try to juggle all those balls in the air at once. Well they drop the balls. Contractors (not all now, but most) will put you on the back burner getting to you when they have time on their schedule, not yours.

A great tactic to try with a new contractor is this, I only give a contractor one small job to see if they can prove themselves. If they can, I give them more of the job to rehab. This is needed for them to work for me, if they can show up on time, do quality craftsmanship, within the budget we negotiated, and complete the small job when they say they can, I will continue to give them  other jobs.

Once you have a good working relationship with a contractor, I encourage you to stick together. The knowledge that you can hand a project over and have confidence that it will be done properly is immeasurable.

Start The Selling Process

Start The Selling ProcessThe real estate comps have been utilized. All of the work is all done. You have purchased a house, renovated it, fixed all of the issues, and now it’s ready to sell. But where do you start? What’s the next step to get this property sold and move on to the next?

One of the first things to do is write your copy. You will want to highlight all of the things in the home that build value. If you are tailoring your sales to a particular market, be sure to include those specific things that will appeal to that market. For instance, if you are marketing to people who have children, a large fenced-in backyard or a good school system may be your focal point.

You will definitely want to have an idea of what the house is worth when you prepare your listing. Using InvestorCompsOnline to assess the value will prevent you from overshooting the value in an effort to make a maximum profit, but you also don’t want to undervalue the house to move it quickly, either. This leads to my next point.

If you do not have a real estate background, partnering with a listing agent is essential. That real estate professional can help you figure out the right niche to market to if you are not sure, and he or she can also be a huge help in determining the right sale price, because he or she is the expert on the market you are looking to sell in.

It helps to have all of your paperwork lined up and ready so that any prospective buyer can get a quick glimpse into what all you did in order to make the house better. This also means providing all of your permits so that the buyer and all of the necessary agencies know that the work was done properly. That honesty will go a long way for you, now and in the future.

Ultimately, you want everything to work so that your buyer is ready to move quickly. Showcase the home properly, and don’t be shy about what you did during the makeover. Anything you can do ahead of time to prepare answers to potential questions and have paperwork ready will be important, as well as good business. Best of luck to you on your first flip – may it be the beginning of a lucrative career!

Removing The Mystery Of Investing

Removing The Mystery Of InvestingInvesting in real estate can be a hard investment to break into properly without a fair amount of research into the market itself. That being said, the time spent educating yourself on the current and past trends, as well as real estate comps, will surely be time well spent. Real estate has consistently shown itself to be one of the most stable and profitable of ventures available to the average investor. Initially there is a lot of guesswork involved with the process of investing in real estate. These include such things as where to invest, should you flip or be a landlord, and how to go about the financing that will undoubtedly ensue?  InvestorCompsOnline helps you to take the mystery out of the where, the should I, and the how much.

The best way to pursue this endeavor is to systematically remove the guesswork and replace it with solid facts and informed decisions. The first question is where should you invest? In real estate, there is little that is more important than location. Making sure that you pick a property in a decent area helps you tremendously in the long run.

Now comes one of the big questions. Will you flip the property or do you have what it takes to be a landlord? This decision will factor largely into the kind of property you choose. Flipping real estate can bring in a nice profit quickly if you are willing to spend some money on renovations or upgrades. On the other hand, being a landlord can bring in a secure monthly income and add to your equity. The choice is yours to make, my friend.

New Flips

New FlipsMost people feel that as a beginner – they just aren’t ready to invest in real estate. They think,  I don’t want to get stuck with property or loans I can’t get out of. The simple fact is, when structured properly, real estate investing, even if you’re just beginning, is a very safe investment alternative.

Let’s first see what a real estate investor really is. There are a number of ways to make money as a real estate investor, you can buy properties, fix them up and sell them (very risky). You can buy a property, list it with a real estate agent and hope to sell it at a profit (again, very risky). Or, you can obtain control of a property for a few dollars then market the property to sell it within a few days (virtually no risk at all). This third method, called house flipping, is what I recommend all beginning real estate investors choose.

The key to flipping real estate is to get in and out quickly. Using good real estate comps in these cases keeps you from selling the property for less then market value. Remember, you’re trying to make a profit and keep the whole process risk-free, so you will have to plan accordingly.

Your goal, then, as a house flipper, is to find under-valued properties, put them under contract, then market them as aggressively as possible. You want to sell the property within days if possible. Remember, you don’t get paid until the property is sold, so just holding onto a property with the hope that you will make an extra few dollars is the wrong attitude. Flipping this way is virtually risk free, because you are not actually buying the property, you are simply putting it under contract. If you are unable to sell it within a reasonable amount of time, you simply walk away – with no further liability.

Hopefully, these ideas will help motivate you to step out into the world of real estate investments and flipping properties. InvestorCompsOnline is here to assist you with that endeavor…join us today!

Monthly Archives: April 2016

The Skills To Win

The Skills To WinSuccess in real estate investing is all about knowing what to buy and how you approach the deal (hint, solid real estate comps make this work in your favor). Let’s look at three skills that you might want to develop to be more successful in your real estate investing business.

First, interpersonal skills are important in real estate negotiations. What makes or breaks a deal is usually whether you have good people skills and are able to make the other party trust you. Spend time establishing rapport when you meet prospective sellers and then applying the win-win formula so that they feel the value in doing a transaction with you and maybe recommend their friends to sell property to you in the future.

Secondly, you need to be able to do simple math and analyze the potential profit of the property that you are interested in. Spending time analyzing your buying price relative to similar units in the area is important and buying it at an under value is always good. We all know the profit is made when you buy! Alternatively, when buying properties that you want to improve, always factor the sums on how much the repairs and renovation will cost and if you are new to the fix and flip real estate sphere, bring your contractor along for the inspection.

Thirdly, real estate bargain hunting requires persistence. You might have to look at hundreds of properties before you find a property that you think can yield good rental returns and is suitable for you to buy. Remember that similarly, not all foreclosure and auction sites represent bargains. Make an appointment to go down to the property and physically examine it to be sure that it meets your requirements. Staying consistent in your search for the right real estate investment is thus key to making a good real estate acquisition.

In conclusion, take some time to examine whether you have the three skill-sets mentioned above and then take massive action to start looking for your next real estate bargain. Believe in yourself today and focus on achieving your real estate investment goals. Carpe Diem!

The Right Team

The Right TeamContractors, like great real estate comps, are a valuable part of a flip. As  investors, we know this is a no brainer. The goal is that you find the right mix for your personality. Renovating and rehabbing houses can be tricky at best, yet our best deals come from the ugliest of houses, so we need to crack the contractor code. Take a look at this tip and see if you can benefit from the information.

You never want to hand over a property to a contractor who will then get lackadaisical and forget the promises they made to you. While securing the bid, they promise the moon. They say they will get right on your job. Even putting it in writing offers no immediate protection. Remember you are juggling hard money loans, and your working capital, as well as the monthly note.

What I  have found is that they secure another 4-5 jobs and then try to juggle all those balls in the air at once. Well they drop the balls. Contractors (not all now, but most) will put you on the back burner getting to you when they have time on their schedule, not yours.

A great tactic to try with a new contractor is this, I only give a contractor one small job to see if they can prove themselves. If they can, I give them more of the job to rehab. This is needed for them to work for me, if they can show up on time, do quality craftsmanship, within the budget we negotiated, and complete the small job when they say they can, I will continue to give them  other jobs.

Once you have a good working relationship with a contractor, I encourage you to stick together. The knowledge that you can hand a project over and have confidence that it will be done properly is immeasurable.

Start The Selling Process

Start The Selling ProcessThe real estate comps have been utilized. All of the work is all done. You have purchased a house, renovated it, fixed all of the issues, and now it’s ready to sell. But where do you start? What’s the next step to get this property sold and move on to the next?

One of the first things to do is write your copy. You will want to highlight all of the things in the home that build value. If you are tailoring your sales to a particular market, be sure to include those specific things that will appeal to that market. For instance, if you are marketing to people who have children, a large fenced-in backyard or a good school system may be your focal point.

You will definitely want to have an idea of what the house is worth when you prepare your listing. Using InvestorCompsOnline to assess the value will prevent you from overshooting the value in an effort to make a maximum profit, but you also don’t want to undervalue the house to move it quickly, either. This leads to my next point.

If you do not have a real estate background, partnering with a listing agent is essential. That real estate professional can help you figure out the right niche to market to if you are not sure, and he or she can also be a huge help in determining the right sale price, because he or she is the expert on the market you are looking to sell in.

It helps to have all of your paperwork lined up and ready so that any prospective buyer can get a quick glimpse into what all you did in order to make the house better. This also means providing all of your permits so that the buyer and all of the necessary agencies know that the work was done properly. That honesty will go a long way for you, now and in the future.

Ultimately, you want everything to work so that your buyer is ready to move quickly. Showcase the home properly, and don’t be shy about what you did during the makeover. Anything you can do ahead of time to prepare answers to potential questions and have paperwork ready will be important, as well as good business. Best of luck to you on your first flip – may it be the beginning of a lucrative career!

Removing The Mystery Of Investing

Removing The Mystery Of InvestingInvesting in real estate can be a hard investment to break into properly without a fair amount of research into the market itself. That being said, the time spent educating yourself on the current and past trends, as well as real estate comps, will surely be time well spent. Real estate has consistently shown itself to be one of the most stable and profitable of ventures available to the average investor. Initially there is a lot of guesswork involved with the process of investing in real estate. These include such things as where to invest, should you flip or be a landlord, and how to go about the financing that will undoubtedly ensue?  InvestorCompsOnline helps you to take the mystery out of the where, the should I, and the how much.

The best way to pursue this endeavor is to systematically remove the guesswork and replace it with solid facts and informed decisions. The first question is where should you invest? In real estate, there is little that is more important than location. Making sure that you pick a property in a decent area helps you tremendously in the long run.

Now comes one of the big questions. Will you flip the property or do you have what it takes to be a landlord? This decision will factor largely into the kind of property you choose. Flipping real estate can bring in a nice profit quickly if you are willing to spend some money on renovations or upgrades. On the other hand, being a landlord can bring in a secure monthly income and add to your equity. The choice is yours to make, my friend.

New Flips

New FlipsMost people feel that as a beginner – they just aren’t ready to invest in real estate. They think,  I don’t want to get stuck with property or loans I can’t get out of. The simple fact is, when structured properly, real estate investing, even if you’re just beginning, is a very safe investment alternative.

Let’s first see what a real estate investor really is. There are a number of ways to make money as a real estate investor, you can buy properties, fix them up and sell them (very risky). You can buy a property, list it with a real estate agent and hope to sell it at a profit (again, very risky). Or, you can obtain control of a property for a few dollars then market the property to sell it within a few days (virtually no risk at all). This third method, called house flipping, is what I recommend all beginning real estate investors choose.

The key to flipping real estate is to get in and out quickly. Using good real estate comps in these cases keeps you from selling the property for less then market value. Remember, you’re trying to make a profit and keep the whole process risk-free, so you will have to plan accordingly.

Your goal, then, as a house flipper, is to find under-valued properties, put them under contract, then market them as aggressively as possible. You want to sell the property within days if possible. Remember, you don’t get paid until the property is sold, so just holding onto a property with the hope that you will make an extra few dollars is the wrong attitude. Flipping this way is virtually risk free, because you are not actually buying the property, you are simply putting it under contract. If you are unable to sell it within a reasonable amount of time, you simply walk away – with no further liability.

Hopefully, these ideas will help motivate you to step out into the world of real estate investments and flipping properties. InvestorCompsOnline is here to assist you with that endeavor…join us today!

Monthly Archives: April 2016

The Skills To Win

The Skills To WinSuccess in real estate investing is all about knowing what to buy and how you approach the deal (hint, solid real estate comps make this work in your favor). Let’s look at three skills that you might want to develop to be more successful in your real estate investing business.

First, interpersonal skills are important in real estate negotiations. What makes or breaks a deal is usually whether you have good people skills and are able to make the other party trust you. Spend time establishing rapport when you meet prospective sellers and then applying the win-win formula so that they feel the value in doing a transaction with you and maybe recommend their friends to sell property to you in the future.

Secondly, you need to be able to do simple math and analyze the potential profit of the property that you are interested in. Spending time analyzing your buying price relative to similar units in the area is important and buying it at an under value is always good. We all know the profit is made when you buy! Alternatively, when buying properties that you want to improve, always factor the sums on how much the repairs and renovation will cost and if you are new to the fix and flip real estate sphere, bring your contractor along for the inspection.

Thirdly, real estate bargain hunting requires persistence. You might have to look at hundreds of properties before you find a property that you think can yield good rental returns and is suitable for you to buy. Remember that similarly, not all foreclosure and auction sites represent bargains. Make an appointment to go down to the property and physically examine it to be sure that it meets your requirements. Staying consistent in your search for the right real estate investment is thus key to making a good real estate acquisition.

In conclusion, take some time to examine whether you have the three skill-sets mentioned above and then take massive action to start looking for your next real estate bargain. Believe in yourself today and focus on achieving your real estate investment goals. Carpe Diem!

The Right Team

The Right TeamContractors, like great real estate comps, are a valuable part of a flip. As  investors, we know this is a no brainer. The goal is that you find the right mix for your personality. Renovating and rehabbing houses can be tricky at best, yet our best deals come from the ugliest of houses, so we need to crack the contractor code. Take a look at this tip and see if you can benefit from the information.

You never want to hand over a property to a contractor who will then get lackadaisical and forget the promises they made to you. While securing the bid, they promise the moon. They say they will get right on your job. Even putting it in writing offers no immediate protection. Remember you are juggling hard money loans, and your working capital, as well as the monthly note.

What I  have found is that they secure another 4-5 jobs and then try to juggle all those balls in the air at once. Well they drop the balls. Contractors (not all now, but most) will put you on the back burner getting to you when they have time on their schedule, not yours.

A great tactic to try with a new contractor is this, I only give a contractor one small job to see if they can prove themselves. If they can, I give them more of the job to rehab. This is needed for them to work for me, if they can show up on time, do quality craftsmanship, within the budget we negotiated, and complete the small job when they say they can, I will continue to give them  other jobs.

Once you have a good working relationship with a contractor, I encourage you to stick together. The knowledge that you can hand a project over and have confidence that it will be done properly is immeasurable.

Start The Selling Process

Start The Selling ProcessThe real estate comps have been utilized. All of the work is all done. You have purchased a house, renovated it, fixed all of the issues, and now it’s ready to sell. But where do you start? What’s the next step to get this property sold and move on to the next?

One of the first things to do is write your copy. You will want to highlight all of the things in the home that build value. If you are tailoring your sales to a particular market, be sure to include those specific things that will appeal to that market. For instance, if you are marketing to people who have children, a large fenced-in backyard or a good school system may be your focal point.

You will definitely want to have an idea of what the house is worth when you prepare your listing. Using InvestorCompsOnline to assess the value will prevent you from overshooting the value in an effort to make a maximum profit, but you also don’t want to undervalue the house to move it quickly, either. This leads to my next point.

If you do not have a real estate background, partnering with a listing agent is essential. That real estate professional can help you figure out the right niche to market to if you are not sure, and he or she can also be a huge help in determining the right sale price, because he or she is the expert on the market you are looking to sell in.

It helps to have all of your paperwork lined up and ready so that any prospective buyer can get a quick glimpse into what all you did in order to make the house better. This also means providing all of your permits so that the buyer and all of the necessary agencies know that the work was done properly. That honesty will go a long way for you, now and in the future.

Ultimately, you want everything to work so that your buyer is ready to move quickly. Showcase the home properly, and don’t be shy about what you did during the makeover. Anything you can do ahead of time to prepare answers to potential questions and have paperwork ready will be important, as well as good business. Best of luck to you on your first flip – may it be the beginning of a lucrative career!

Removing The Mystery Of Investing

Removing The Mystery Of InvestingInvesting in real estate can be a hard investment to break into properly without a fair amount of research into the market itself. That being said, the time spent educating yourself on the current and past trends, as well as real estate comps, will surely be time well spent. Real estate has consistently shown itself to be one of the most stable and profitable of ventures available to the average investor. Initially there is a lot of guesswork involved with the process of investing in real estate. These include such things as where to invest, should you flip or be a landlord, and how to go about the financing that will undoubtedly ensue?  InvestorCompsOnline helps you to take the mystery out of the where, the should I, and the how much.

The best way to pursue this endeavor is to systematically remove the guesswork and replace it with solid facts and informed decisions. The first question is where should you invest? In real estate, there is little that is more important than location. Making sure that you pick a property in a decent area helps you tremendously in the long run.

Now comes one of the big questions. Will you flip the property or do you have what it takes to be a landlord? This decision will factor largely into the kind of property you choose. Flipping real estate can bring in a nice profit quickly if you are willing to spend some money on renovations or upgrades. On the other hand, being a landlord can bring in a secure monthly income and add to your equity. The choice is yours to make, my friend.

New Flips

New FlipsMost people feel that as a beginner – they just aren’t ready to invest in real estate. They think,  I don’t want to get stuck with property or loans I can’t get out of. The simple fact is, when structured properly, real estate investing, even if you’re just beginning, is a very safe investment alternative.

Let’s first see what a real estate investor really is. There are a number of ways to make money as a real estate investor, you can buy properties, fix them up and sell them (very risky). You can buy a property, list it with a real estate agent and hope to sell it at a profit (again, very risky). Or, you can obtain control of a property for a few dollars then market the property to sell it within a few days (virtually no risk at all). This third method, called house flipping, is what I recommend all beginning real estate investors choose.

The key to flipping real estate is to get in and out quickly. Using good real estate comps in these cases keeps you from selling the property for less then market value. Remember, you’re trying to make a profit and keep the whole process risk-free, so you will have to plan accordingly.

Your goal, then, as a house flipper, is to find under-valued properties, put them under contract, then market them as aggressively as possible. You want to sell the property within days if possible. Remember, you don’t get paid until the property is sold, so just holding onto a property with the hope that you will make an extra few dollars is the wrong attitude. Flipping this way is virtually risk free, because you are not actually buying the property, you are simply putting it under contract. If you are unable to sell it within a reasonable amount of time, you simply walk away – with no further liability.

Hopefully, these ideas will help motivate you to step out into the world of real estate investments and flipping properties. InvestorCompsOnline is here to assist you with that endeavor…join us today!

Monthly Archives: April 2016

The Skills To Win

The Skills To WinSuccess in real estate investing is all about knowing what to buy and how you approach the deal (hint, solid real estate comps make this work in your favor). Let’s look at three skills that you might want to develop to be more successful in your real estate investing business.

First, interpersonal skills are important in real estate negotiations. What makes or breaks a deal is usually whether you have good people skills and are able to make the other party trust you. Spend time establishing rapport when you meet prospective sellers and then applying the win-win formula so that they feel the value in doing a transaction with you and maybe recommend their friends to sell property to you in the future.

Secondly, you need to be able to do simple math and analyze the potential profit of the property that you are interested in. Spending time analyzing your buying price relative to similar units in the area is important and buying it at an under value is always good. We all know the profit is made when you buy! Alternatively, when buying properties that you want to improve, always factor the sums on how much the repairs and renovation will cost and if you are new to the fix and flip real estate sphere, bring your contractor along for the inspection.

Thirdly, real estate bargain hunting requires persistence. You might have to look at hundreds of properties before you find a property that you think can yield good rental returns and is suitable for you to buy. Remember that similarly, not all foreclosure and auction sites represent bargains. Make an appointment to go down to the property and physically examine it to be sure that it meets your requirements. Staying consistent in your search for the right real estate investment is thus key to making a good real estate acquisition.

In conclusion, take some time to examine whether you have the three skill-sets mentioned above and then take massive action to start looking for your next real estate bargain. Believe in yourself today and focus on achieving your real estate investment goals. Carpe Diem!

The Right Team

The Right TeamContractors, like great real estate comps, are a valuable part of a flip. As  investors, we know this is a no brainer. The goal is that you find the right mix for your personality. Renovating and rehabbing houses can be tricky at best, yet our best deals come from the ugliest of houses, so we need to crack the contractor code. Take a look at this tip and see if you can benefit from the information.

You never want to hand over a property to a contractor who will then get lackadaisical and forget the promises they made to you. While securing the bid, they promise the moon. They say they will get right on your job. Even putting it in writing offers no immediate protection. Remember you are juggling hard money loans, and your working capital, as well as the monthly note.

What I  have found is that they secure another 4-5 jobs and then try to juggle all those balls in the air at once. Well they drop the balls. Contractors (not all now, but most) will put you on the back burner getting to you when they have time on their schedule, not yours.

A great tactic to try with a new contractor is this, I only give a contractor one small job to see if they can prove themselves. If they can, I give them more of the job to rehab. This is needed for them to work for me, if they can show up on time, do quality craftsmanship, within the budget we negotiated, and complete the small job when they say they can, I will continue to give them  other jobs.

Once you have a good working relationship with a contractor, I encourage you to stick together. The knowledge that you can hand a project over and have confidence that it will be done properly is immeasurable.

Start The Selling Process

Start The Selling ProcessThe real estate comps have been utilized. All of the work is all done. You have purchased a house, renovated it, fixed all of the issues, and now it’s ready to sell. But where do you start? What’s the next step to get this property sold and move on to the next?

One of the first things to do is write your copy. You will want to highlight all of the things in the home that build value. If you are tailoring your sales to a particular market, be sure to include those specific things that will appeal to that market. For instance, if you are marketing to people who have children, a large fenced-in backyard or a good school system may be your focal point.

You will definitely want to have an idea of what the house is worth when you prepare your listing. Using InvestorCompsOnline to assess the value will prevent you from overshooting the value in an effort to make a maximum profit, but you also don’t want to undervalue the house to move it quickly, either. This leads to my next point.

If you do not have a real estate background, partnering with a listing agent is essential. That real estate professional can help you figure out the right niche to market to if you are not sure, and he or she can also be a huge help in determining the right sale price, because he or she is the expert on the market you are looking to sell in.

It helps to have all of your paperwork lined up and ready so that any prospective buyer can get a quick glimpse into what all you did in order to make the house better. This also means providing all of your permits so that the buyer and all of the necessary agencies know that the work was done properly. That honesty will go a long way for you, now and in the future.

Ultimately, you want everything to work so that your buyer is ready to move quickly. Showcase the home properly, and don’t be shy about what you did during the makeover. Anything you can do ahead of time to prepare answers to potential questions and have paperwork ready will be important, as well as good business. Best of luck to you on your first flip – may it be the beginning of a lucrative career!

Removing The Mystery Of Investing

Removing The Mystery Of InvestingInvesting in real estate can be a hard investment to break into properly without a fair amount of research into the market itself. That being said, the time spent educating yourself on the current and past trends, as well as real estate comps, will surely be time well spent. Real estate has consistently shown itself to be one of the most stable and profitable of ventures available to the average investor. Initially there is a lot of guesswork involved with the process of investing in real estate. These include such things as where to invest, should you flip or be a landlord, and how to go about the financing that will undoubtedly ensue?  InvestorCompsOnline helps you to take the mystery out of the where, the should I, and the how much.

The best way to pursue this endeavor is to systematically remove the guesswork and replace it with solid facts and informed decisions. The first question is where should you invest? In real estate, there is little that is more important than location. Making sure that you pick a property in a decent area helps you tremendously in the long run.

Now comes one of the big questions. Will you flip the property or do you have what it takes to be a landlord? This decision will factor largely into the kind of property you choose. Flipping real estate can bring in a nice profit quickly if you are willing to spend some money on renovations or upgrades. On the other hand, being a landlord can bring in a secure monthly income and add to your equity. The choice is yours to make, my friend.

New Flips

New FlipsMost people feel that as a beginner – they just aren’t ready to invest in real estate. They think,  I don’t want to get stuck with property or loans I can’t get out of. The simple fact is, when structured properly, real estate investing, even if you’re just beginning, is a very safe investment alternative.

Let’s first see what a real estate investor really is. There are a number of ways to make money as a real estate investor, you can buy properties, fix them up and sell them (very risky). You can buy a property, list it with a real estate agent and hope to sell it at a profit (again, very risky). Or, you can obtain control of a property for a few dollars then market the property to sell it within a few days (virtually no risk at all). This third method, called house flipping, is what I recommend all beginning real estate investors choose.

The key to flipping real estate is to get in and out quickly. Using good real estate comps in these cases keeps you from selling the property for less then market value. Remember, you’re trying to make a profit and keep the whole process risk-free, so you will have to plan accordingly.

Your goal, then, as a house flipper, is to find under-valued properties, put them under contract, then market them as aggressively as possible. You want to sell the property within days if possible. Remember, you don’t get paid until the property is sold, so just holding onto a property with the hope that you will make an extra few dollars is the wrong attitude. Flipping this way is virtually risk free, because you are not actually buying the property, you are simply putting it under contract. If you are unable to sell it within a reasonable amount of time, you simply walk away – with no further liability.

Hopefully, these ideas will help motivate you to step out into the world of real estate investments and flipping properties. InvestorCompsOnline is here to assist you with that endeavor…join us today!

Monthly Archives: April 2016

The Skills To Win

The Skills To WinSuccess in real estate investing is all about knowing what to buy and how you approach the deal (hint, solid real estate comps make this work in your favor). Let’s look at three skills that you might want to develop to be more successful in your real estate investing business.

First, interpersonal skills are important in real estate negotiations. What makes or breaks a deal is usually whether you have good people skills and are able to make the other party trust you. Spend time establishing rapport when you meet prospective sellers and then applying the win-win formula so that they feel the value in doing a transaction with you and maybe recommend their friends to sell property to you in the future.

Secondly, you need to be able to do simple math and analyze the potential profit of the property that you are interested in. Spending time analyzing your buying price relative to similar units in the area is important and buying it at an under value is always good. We all know the profit is made when you buy! Alternatively, when buying properties that you want to improve, always factor the sums on how much the repairs and renovation will cost and if you are new to the fix and flip real estate sphere, bring your contractor along for the inspection.

Thirdly, real estate bargain hunting requires persistence. You might have to look at hundreds of properties before you find a property that you think can yield good rental returns and is suitable for you to buy. Remember that similarly, not all foreclosure and auction sites represent bargains. Make an appointment to go down to the property and physically examine it to be sure that it meets your requirements. Staying consistent in your search for the right real estate investment is thus key to making a good real estate acquisition.

In conclusion, take some time to examine whether you have the three skill-sets mentioned above and then take massive action to start looking for your next real estate bargain. Believe in yourself today and focus on achieving your real estate investment goals. Carpe Diem!

The Right Team

The Right TeamContractors, like great real estate comps, are a valuable part of a flip. As  investors, we know this is a no brainer. The goal is that you find the right mix for your personality. Renovating and rehabbing houses can be tricky at best, yet our best deals come from the ugliest of houses, so we need to crack the contractor code. Take a look at this tip and see if you can benefit from the information.

You never want to hand over a property to a contractor who will then get lackadaisical and forget the promises they made to you. While securing the bid, they promise the moon. They say they will get right on your job. Even putting it in writing offers no immediate protection. Remember you are juggling hard money loans, and your working capital, as well as the monthly note.

What I  have found is that they secure another 4-5 jobs and then try to juggle all those balls in the air at once. Well they drop the balls. Contractors (not all now, but most) will put you on the back burner getting to you when they have time on their schedule, not yours.

A great tactic to try with a new contractor is this, I only give a contractor one small job to see if they can prove themselves. If they can, I give them more of the job to rehab. This is needed for them to work for me, if they can show up on time, do quality craftsmanship, within the budget we negotiated, and complete the small job when they say they can, I will continue to give them  other jobs.

Once you have a good working relationship with a contractor, I encourage you to stick together. The knowledge that you can hand a project over and have confidence that it will be done properly is immeasurable.

Start The Selling Process

Start The Selling ProcessThe real estate comps have been utilized. All of the work is all done. You have purchased a house, renovated it, fixed all of the issues, and now it’s ready to sell. But where do you start? What’s the next step to get this property sold and move on to the next?

One of the first things to do is write your copy. You will want to highlight all of the things in the home that build value. If you are tailoring your sales to a particular market, be sure to include those specific things that will appeal to that market. For instance, if you are marketing to people who have children, a large fenced-in backyard or a good school system may be your focal point.

You will definitely want to have an idea of what the house is worth when you prepare your listing. Using InvestorCompsOnline to assess the value will prevent you from overshooting the value in an effort to make a maximum profit, but you also don’t want to undervalue the house to move it quickly, either. This leads to my next point.

If you do not have a real estate background, partnering with a listing agent is essential. That real estate professional can help you figure out the right niche to market to if you are not sure, and he or she can also be a huge help in determining the right sale price, because he or she is the expert on the market you are looking to sell in.

It helps to have all of your paperwork lined up and ready so that any prospective buyer can get a quick glimpse into what all you did in order to make the house better. This also means providing all of your permits so that the buyer and all of the necessary agencies know that the work was done properly. That honesty will go a long way for you, now and in the future.

Ultimately, you want everything to work so that your buyer is ready to move quickly. Showcase the home properly, and don’t be shy about what you did during the makeover. Anything you can do ahead of time to prepare answers to potential questions and have paperwork ready will be important, as well as good business. Best of luck to you on your first flip – may it be the beginning of a lucrative career!

Removing The Mystery Of Investing

Removing The Mystery Of InvestingInvesting in real estate can be a hard investment to break into properly without a fair amount of research into the market itself. That being said, the time spent educating yourself on the current and past trends, as well as real estate comps, will surely be time well spent. Real estate has consistently shown itself to be one of the most stable and profitable of ventures available to the average investor. Initially there is a lot of guesswork involved with the process of investing in real estate. These include such things as where to invest, should you flip or be a landlord, and how to go about the financing that will undoubtedly ensue?  InvestorCompsOnline helps you to take the mystery out of the where, the should I, and the how much.

The best way to pursue this endeavor is to systematically remove the guesswork and replace it with solid facts and informed decisions. The first question is where should you invest? In real estate, there is little that is more important than location. Making sure that you pick a property in a decent area helps you tremendously in the long run.

Now comes one of the big questions. Will you flip the property or do you have what it takes to be a landlord? This decision will factor largely into the kind of property you choose. Flipping real estate can bring in a nice profit quickly if you are willing to spend some money on renovations or upgrades. On the other hand, being a landlord can bring in a secure monthly income and add to your equity. The choice is yours to make, my friend.

New Flips

New FlipsMost people feel that as a beginner – they just aren’t ready to invest in real estate. They think,  I don’t want to get stuck with property or loans I can’t get out of. The simple fact is, when structured properly, real estate investing, even if you’re just beginning, is a very safe investment alternative.

Let’s first see what a real estate investor really is. There are a number of ways to make money as a real estate investor, you can buy properties, fix them up and sell them (very risky). You can buy a property, list it with a real estate agent and hope to sell it at a profit (again, very risky). Or, you can obtain control of a property for a few dollars then market the property to sell it within a few days (virtually no risk at all). This third method, called house flipping, is what I recommend all beginning real estate investors choose.

The key to flipping real estate is to get in and out quickly. Using good real estate comps in these cases keeps you from selling the property for less then market value. Remember, you’re trying to make a profit and keep the whole process risk-free, so you will have to plan accordingly.

Your goal, then, as a house flipper, is to find under-valued properties, put them under contract, then market them as aggressively as possible. You want to sell the property within days if possible. Remember, you don’t get paid until the property is sold, so just holding onto a property with the hope that you will make an extra few dollars is the wrong attitude. Flipping this way is virtually risk free, because you are not actually buying the property, you are simply putting it under contract. If you are unable to sell it within a reasonable amount of time, you simply walk away – with no further liability.

Hopefully, these ideas will help motivate you to step out into the world of real estate investments and flipping properties. InvestorCompsOnline is here to assist you with that endeavor…join us today!

Monthly Archives: April 2016

The Skills To Win

The Skills To WinSuccess in real estate investing is all about knowing what to buy and how you approach the deal (hint, solid real estate comps make this work in your favor). Let’s look at three skills that you might want to develop to be more successful in your real estate investing business.

First, interpersonal skills are important in real estate negotiations. What makes or breaks a deal is usually whether you have good people skills and are able to make the other party trust you. Spend time establishing rapport when you meet prospective sellers and then applying the win-win formula so that they feel the value in doing a transaction with you and maybe recommend their friends to sell property to you in the future.

Secondly, you need to be able to do simple math and analyze the potential profit of the property that you are interested in. Spending time analyzing your buying price relative to similar units in the area is important and buying it at an under value is always good. We all know the profit is made when you buy! Alternatively, when buying properties that you want to improve, always factor the sums on how much the repairs and renovation will cost and if you are new to the fix and flip real estate sphere, bring your contractor along for the inspection.

Thirdly, real estate bargain hunting requires persistence. You might have to look at hundreds of properties before you find a property that you think can yield good rental returns and is suitable for you to buy. Remember that similarly, not all foreclosure and auction sites represent bargains. Make an appointment to go down to the property and physically examine it to be sure that it meets your requirements. Staying consistent in your search for the right real estate investment is thus key to making a good real estate acquisition.

In conclusion, take some time to examine whether you have the three skill-sets mentioned above and then take massive action to start looking for your next real estate bargain. Believe in yourself today and focus on achieving your real estate investment goals. Carpe Diem!

The Right Team

The Right TeamContractors, like great real estate comps, are a valuable part of a flip. As  investors, we know this is a no brainer. The goal is that you find the right mix for your personality. Renovating and rehabbing houses can be tricky at best, yet our best deals come from the ugliest of houses, so we need to crack the contractor code. Take a look at this tip and see if you can benefit from the information.

You never want to hand over a property to a contractor who will then get lackadaisical and forget the promises they made to you. While securing the bid, they promise the moon. They say they will get right on your job. Even putting it in writing offers no immediate protection. Remember you are juggling hard money loans, and your working capital, as well as the monthly note.

What I  have found is that they secure another 4-5 jobs and then try to juggle all those balls in the air at once. Well they drop the balls. Contractors (not all now, but most) will put you on the back burner getting to you when they have time on their schedule, not yours.

A great tactic to try with a new contractor is this, I only give a contractor one small job to see if they can prove themselves. If they can, I give them more of the job to rehab. This is needed for them to work for me, if they can show up on time, do quality craftsmanship, within the budget we negotiated, and complete the small job when they say they can, I will continue to give them  other jobs.

Once you have a good working relationship with a contractor, I encourage you to stick together. The knowledge that you can hand a project over and have confidence that it will be done properly is immeasurable.

Start The Selling Process

Start The Selling ProcessThe real estate comps have been utilized. All of the work is all done. You have purchased a house, renovated it, fixed all of the issues, and now it’s ready to sell. But where do you start? What’s the next step to get this property sold and move on to the next?

One of the first things to do is write your copy. You will want to highlight all of the things in the home that build value. If you are tailoring your sales to a particular market, be sure to include those specific things that will appeal to that market. For instance, if you are marketing to people who have children, a large fenced-in backyard or a good school system may be your focal point.

You will definitely want to have an idea of what the house is worth when you prepare your listing. Using InvestorCompsOnline to assess the value will prevent you from overshooting the value in an effort to make a maximum profit, but you also don’t want to undervalue the house to move it quickly, either. This leads to my next point.

If you do not have a real estate background, partnering with a listing agent is essential. That real estate professional can help you figure out the right niche to market to if you are not sure, and he or she can also be a huge help in determining the right sale price, because he or she is the expert on the market you are looking to sell in.

It helps to have all of your paperwork lined up and ready so that any prospective buyer can get a quick glimpse into what all you did in order to make the house better. This also means providing all of your permits so that the buyer and all of the necessary agencies know that the work was done properly. That honesty will go a long way for you, now and in the future.

Ultimately, you want everything to work so that your buyer is ready to move quickly. Showcase the home properly, and don’t be shy about what you did during the makeover. Anything you can do ahead of time to prepare answers to potential questions and have paperwork ready will be important, as well as good business. Best of luck to you on your first flip – may it be the beginning of a lucrative career!

Removing The Mystery Of Investing

Removing The Mystery Of InvestingInvesting in real estate can be a hard investment to break into properly without a fair amount of research into the market itself. That being said, the time spent educating yourself on the current and past trends, as well as real estate comps, will surely be time well spent. Real estate has consistently shown itself to be one of the most stable and profitable of ventures available to the average investor. Initially there is a lot of guesswork involved with the process of investing in real estate. These include such things as where to invest, should you flip or be a landlord, and how to go about the financing that will undoubtedly ensue?  InvestorCompsOnline helps you to take the mystery out of the where, the should I, and the how much.

The best way to pursue this endeavor is to systematically remove the guesswork and replace it with solid facts and informed decisions. The first question is where should you invest? In real estate, there is little that is more important than location. Making sure that you pick a property in a decent area helps you tremendously in the long run.

Now comes one of the big questions. Will you flip the property or do you have what it takes to be a landlord? This decision will factor largely into the kind of property you choose. Flipping real estate can bring in a nice profit quickly if you are willing to spend some money on renovations or upgrades. On the other hand, being a landlord can bring in a secure monthly income and add to your equity. The choice is yours to make, my friend.

New Flips

New FlipsMost people feel that as a beginner – they just aren’t ready to invest in real estate. They think,  I don’t want to get stuck with property or loans I can’t get out of. The simple fact is, when structured properly, real estate investing, even if you’re just beginning, is a very safe investment alternative.

Let’s first see what a real estate investor really is. There are a number of ways to make money as a real estate investor, you can buy properties, fix them up and sell them (very risky). You can buy a property, list it with a real estate agent and hope to sell it at a profit (again, very risky). Or, you can obtain control of a property for a few dollars then market the property to sell it within a few days (virtually no risk at all). This third method, called house flipping, is what I recommend all beginning real estate investors choose.

The key to flipping real estate is to get in and out quickly. Using good real estate comps in these cases keeps you from selling the property for less then market value. Remember, you’re trying to make a profit and keep the whole process risk-free, so you will have to plan accordingly.

Your goal, then, as a house flipper, is to find under-valued properties, put them under contract, then market them as aggressively as possible. You want to sell the property within days if possible. Remember, you don’t get paid until the property is sold, so just holding onto a property with the hope that you will make an extra few dollars is the wrong attitude. Flipping this way is virtually risk free, because you are not actually buying the property, you are simply putting it under contract. If you are unable to sell it within a reasonable amount of time, you simply walk away – with no further liability.

Hopefully, these ideas will help motivate you to step out into the world of real estate investments and flipping properties. InvestorCompsOnline is here to assist you with that endeavor…join us today!

Monthly Archives: April 2016

The Skills To Win

The Skills To WinSuccess in real estate investing is all about knowing what to buy and how you approach the deal (hint, solid real estate comps make this work in your favor). Let’s look at three skills that you might want to develop to be more successful in your real estate investing business.

First, interpersonal skills are important in real estate negotiations. What makes or breaks a deal is usually whether you have good people skills and are able to make the other party trust you. Spend time establishing rapport when you meet prospective sellers and then applying the win-win formula so that they feel the value in doing a transaction with you and maybe recommend their friends to sell property to you in the future.

Secondly, you need to be able to do simple math and analyze the potential profit of the property that you are interested in. Spending time analyzing your buying price relative to similar units in the area is important and buying it at an under value is always good. We all know the profit is made when you buy! Alternatively, when buying properties that you want to improve, always factor the sums on how much the repairs and renovation will cost and if you are new to the fix and flip real estate sphere, bring your contractor along for the inspection.

Thirdly, real estate bargain hunting requires persistence. You might have to look at hundreds of properties before you find a property that you think can yield good rental returns and is suitable for you to buy. Remember that similarly, not all foreclosure and auction sites represent bargains. Make an appointment to go down to the property and physically examine it to be sure that it meets your requirements. Staying consistent in your search for the right real estate investment is thus key to making a good real estate acquisition.

In conclusion, take some time to examine whether you have the three skill-sets mentioned above and then take massive action to start looking for your next real estate bargain. Believe in yourself today and focus on achieving your real estate investment goals. Carpe Diem!

The Right Team

The Right TeamContractors, like great real estate comps, are a valuable part of a flip. As  investors, we know this is a no brainer. The goal is that you find the right mix for your personality. Renovating and rehabbing houses can be tricky at best, yet our best deals come from the ugliest of houses, so we need to crack the contractor code. Take a look at this tip and see if you can benefit from the information.

You never want to hand over a property to a contractor who will then get lackadaisical and forget the promises they made to you. While securing the bid, they promise the moon. They say they will get right on your job. Even putting it in writing offers no immediate protection. Remember you are juggling hard money loans, and your working capital, as well as the monthly note.

What I  have found is that they secure another 4-5 jobs and then try to juggle all those balls in the air at once. Well they drop the balls. Contractors (not all now, but most) will put you on the back burner getting to you when they have time on their schedule, not yours.

A great tactic to try with a new contractor is this, I only give a contractor one small job to see if they can prove themselves. If they can, I give them more of the job to rehab. This is needed for them to work for me, if they can show up on time, do quality craftsmanship, within the budget we negotiated, and complete the small job when they say they can, I will continue to give them  other jobs.

Once you have a good working relationship with a contractor, I encourage you to stick together. The knowledge that you can hand a project over and have confidence that it will be done properly is immeasurable.

Start The Selling Process

Start The Selling ProcessThe real estate comps have been utilized. All of the work is all done. You have purchased a house, renovated it, fixed all of the issues, and now it’s ready to sell. But where do you start? What’s the next step to get this property sold and move on to the next?

One of the first things to do is write your copy. You will want to highlight all of the things in the home that build value. If you are tailoring your sales to a particular market, be sure to include those specific things that will appeal to that market. For instance, if you are marketing to people who have children, a large fenced-in backyard or a good school system may be your focal point.

You will definitely want to have an idea of what the house is worth when you prepare your listing. Using InvestorCompsOnline to assess the value will prevent you from overshooting the value in an effort to make a maximum profit, but you also don’t want to undervalue the house to move it quickly, either. This leads to my next point.

If you do not have a real estate background, partnering with a listing agent is essential. That real estate professional can help you figure out the right niche to market to if you are not sure, and he or she can also be a huge help in determining the right sale price, because he or she is the expert on the market you are looking to sell in.

It helps to have all of your paperwork lined up and ready so that any prospective buyer can get a quick glimpse into what all you did in order to make the house better. This also means providing all of your permits so that the buyer and all of the necessary agencies know that the work was done properly. That honesty will go a long way for you, now and in the future.

Ultimately, you want everything to work so that your buyer is ready to move quickly. Showcase the home properly, and don’t be shy about what you did during the makeover. Anything you can do ahead of time to prepare answers to potential questions and have paperwork ready will be important, as well as good business. Best of luck to you on your first flip – may it be the beginning of a lucrative career!

Removing The Mystery Of Investing

Removing The Mystery Of InvestingInvesting in real estate can be a hard investment to break into properly without a fair amount of research into the market itself. That being said, the time spent educating yourself on the current and past trends, as well as real estate comps, will surely be time well spent. Real estate has consistently shown itself to be one of the most stable and profitable of ventures available to the average investor. Initially there is a lot of guesswork involved with the process of investing in real estate. These include such things as where to invest, should you flip or be a landlord, and how to go about the financing that will undoubtedly ensue?  InvestorCompsOnline helps you to take the mystery out of the where, the should I, and the how much.

The best way to pursue this endeavor is to systematically remove the guesswork and replace it with solid facts and informed decisions. The first question is where should you invest? In real estate, there is little that is more important than location. Making sure that you pick a property in a decent area helps you tremendously in the long run.

Now comes one of the big questions. Will you flip the property or do you have what it takes to be a landlord? This decision will factor largely into the kind of property you choose. Flipping real estate can bring in a nice profit quickly if you are willing to spend some money on renovations or upgrades. On the other hand, being a landlord can bring in a secure monthly income and add to your equity. The choice is yours to make, my friend.

New Flips

New FlipsMost people feel that as a beginner – they just aren’t ready to invest in real estate. They think,  I don’t want to get stuck with property or loans I can’t get out of. The simple fact is, when structured properly, real estate investing, even if you’re just beginning, is a very safe investment alternative.

Let’s first see what a real estate investor really is. There are a number of ways to make money as a real estate investor, you can buy properties, fix them up and sell them (very risky). You can buy a property, list it with a real estate agent and hope to sell it at a profit (again, very risky). Or, you can obtain control of a property for a few dollars then market the property to sell it within a few days (virtually no risk at all). This third method, called house flipping, is what I recommend all beginning real estate investors choose.

The key to flipping real estate is to get in and out quickly. Using good real estate comps in these cases keeps you from selling the property for less then market value. Remember, you’re trying to make a profit and keep the whole process risk-free, so you will have to plan accordingly.

Your goal, then, as a house flipper, is to find under-valued properties, put them under contract, then market them as aggressively as possible. You want to sell the property within days if possible. Remember, you don’t get paid until the property is sold, so just holding onto a property with the hope that you will make an extra few dollars is the wrong attitude. Flipping this way is virtually risk free, because you are not actually buying the property, you are simply putting it under contract. If you are unable to sell it within a reasonable amount of time, you simply walk away – with no further liability.

Hopefully, these ideas will help motivate you to step out into the world of real estate investments and flipping properties. InvestorCompsOnline is here to assist you with that endeavor…join us today!

Monthly Archives: April 2016

The Skills To Win

The Skills To WinSuccess in real estate investing is all about knowing what to buy and how you approach the deal (hint, solid real estate comps make this work in your favor). Let’s look at three skills that you might want to develop to be more successful in your real estate investing business.

First, interpersonal skills are important in real estate negotiations. What makes or breaks a deal is usually whether you have good people skills and are able to make the other party trust you. Spend time establishing rapport when you meet prospective sellers and then applying the win-win formula so that they feel the value in doing a transaction with you and maybe recommend their friends to sell property to you in the future.

Secondly, you need to be able to do simple math and analyze the potential profit of the property that you are interested in. Spending time analyzing your buying price relative to similar units in the area is important and buying it at an under value is always good. We all know the profit is made when you buy! Alternatively, when buying properties that you want to improve, always factor the sums on how much the repairs and renovation will cost and if you are new to the fix and flip real estate sphere, bring your contractor along for the inspection.

Thirdly, real estate bargain hunting requires persistence. You might have to look at hundreds of properties before you find a property that you think can yield good rental returns and is suitable for you to buy. Remember that similarly, not all foreclosure and auction sites represent bargains. Make an appointment to go down to the property and physically examine it to be sure that it meets your requirements. Staying consistent in your search for the right real estate investment is thus key to making a good real estate acquisition.

In conclusion, take some time to examine whether you have the three skill-sets mentioned above and then take massive action to start looking for your next real estate bargain. Believe in yourself today and focus on achieving your real estate investment goals. Carpe Diem!

The Right Team

The Right TeamContractors, like great real estate comps, are a valuable part of a flip. As  investors, we know this is a no brainer. The goal is that you find the right mix for your personality. Renovating and rehabbing houses can be tricky at best, yet our best deals come from the ugliest of houses, so we need to crack the contractor code. Take a look at this tip and see if you can benefit from the information.

You never want to hand over a property to a contractor who will then get lackadaisical and forget the promises they made to you. While securing the bid, they promise the moon. They say they will get right on your job. Even putting it in writing offers no immediate protection. Remember you are juggling hard money loans, and your working capital, as well as the monthly note.

What I  have found is that they secure another 4-5 jobs and then try to juggle all those balls in the air at once. Well they drop the balls. Contractors (not all now, but most) will put you on the back burner getting to you when they have time on their schedule, not yours.

A great tactic to try with a new contractor is this, I only give a contractor one small job to see if they can prove themselves. If they can, I give them more of the job to rehab. This is needed for them to work for me, if they can show up on time, do quality craftsmanship, within the budget we negotiated, and complete the small job when they say they can, I will continue to give them  other jobs.

Once you have a good working relationship with a contractor, I encourage you to stick together. The knowledge that you can hand a project over and have confidence that it will be done properly is immeasurable.

Start The Selling Process

Start The Selling ProcessThe real estate comps have been utilized. All of the work is all done. You have purchased a house, renovated it, fixed all of the issues, and now it’s ready to sell. But where do you start? What’s the next step to get this property sold and move on to the next?

One of the first things to do is write your copy. You will want to highlight all of the things in the home that build value. If you are tailoring your sales to a particular market, be sure to include those specific things that will appeal to that market. For instance, if you are marketing to people who have children, a large fenced-in backyard or a good school system may be your focal point.

You will definitely want to have an idea of what the house is worth when you prepare your listing. Using InvestorCompsOnline to assess the value will prevent you from overshooting the value in an effort to make a maximum profit, but you also don’t want to undervalue the house to move it quickly, either. This leads to my next point.

If you do not have a real estate background, partnering with a listing agent is essential. That real estate professional can help you figure out the right niche to market to if you are not sure, and he or she can also be a huge help in determining the right sale price, because he or she is the expert on the market you are looking to sell in.

It helps to have all of your paperwork lined up and ready so that any prospective buyer can get a quick glimpse into what all you did in order to make the house better. This also means providing all of your permits so that the buyer and all of the necessary agencies know that the work was done properly. That honesty will go a long way for you, now and in the future.

Ultimately, you want everything to work so that your buyer is ready to move quickly. Showcase the home properly, and don’t be shy about what you did during the makeover. Anything you can do ahead of time to prepare answers to potential questions and have paperwork ready will be important, as well as good business. Best of luck to you on your first flip – may it be the beginning of a lucrative career!

Removing The Mystery Of Investing

Removing The Mystery Of InvestingInvesting in real estate can be a hard investment to break into properly without a fair amount of research into the market itself. That being said, the time spent educating yourself on the current and past trends, as well as real estate comps, will surely be time well spent. Real estate has consistently shown itself to be one of the most stable and profitable of ventures available to the average investor. Initially there is a lot of guesswork involved with the process of investing in real estate. These include such things as where to invest, should you flip or be a landlord, and how to go about the financing that will undoubtedly ensue?  InvestorCompsOnline helps you to take the mystery out of the where, the should I, and the how much.

The best way to pursue this endeavor is to systematically remove the guesswork and replace it with solid facts and informed decisions. The first question is where should you invest? In real estate, there is little that is more important than location. Making sure that you pick a property in a decent area helps you tremendously in the long run.

Now comes one of the big questions. Will you flip the property or do you have what it takes to be a landlord? This decision will factor largely into the kind of property you choose. Flipping real estate can bring in a nice profit quickly if you are willing to spend some money on renovations or upgrades. On the other hand, being a landlord can bring in a secure monthly income and add to your equity. The choice is yours to make, my friend.

New Flips

New FlipsMost people feel that as a beginner – they just aren’t ready to invest in real estate. They think,  I don’t want to get stuck with property or loans I can’t get out of. The simple fact is, when structured properly, real estate investing, even if you’re just beginning, is a very safe investment alternative.

Let’s first see what a real estate investor really is. There are a number of ways to make money as a real estate investor, you can buy properties, fix them up and sell them (very risky). You can buy a property, list it with a real estate agent and hope to sell it at a profit (again, very risky). Or, you can obtain control of a property for a few dollars then market the property to sell it within a few days (virtually no risk at all). This third method, called house flipping, is what I recommend all beginning real estate investors choose.

The key to flipping real estate is to get in and out quickly. Using good real estate comps in these cases keeps you from selling the property for less then market value. Remember, you’re trying to make a profit and keep the whole process risk-free, so you will have to plan accordingly.

Your goal, then, as a house flipper, is to find under-valued properties, put them under contract, then market them as aggressively as possible. You want to sell the property within days if possible. Remember, you don’t get paid until the property is sold, so just holding onto a property with the hope that you will make an extra few dollars is the wrong attitude. Flipping this way is virtually risk free, because you are not actually buying the property, you are simply putting it under contract. If you are unable to sell it within a reasonable amount of time, you simply walk away – with no further liability.

Hopefully, these ideas will help motivate you to step out into the world of real estate investments and flipping properties. InvestorCompsOnline is here to assist you with that endeavor…join us today!

Monthly Archives: April 2016

The Skills To Win

The Skills To WinSuccess in real estate investing is all about knowing what to buy and how you approach the deal (hint, solid real estate comps make this work in your favor). Let’s look at three skills that you might want to develop to be more successful in your real estate investing business.

First, interpersonal skills are important in real estate negotiations. What makes or breaks a deal is usually whether you have good people skills and are able to make the other party trust you. Spend time establishing rapport when you meet prospective sellers and then applying the win-win formula so that they feel the value in doing a transaction with you and maybe recommend their friends to sell property to you in the future.

Secondly, you need to be able to do simple math and analyze the potential profit of the property that you are interested in. Spending time analyzing your buying price relative to similar units in the area is important and buying it at an under value is always good. We all know the profit is made when you buy! Alternatively, when buying properties that you want to improve, always factor the sums on how much the repairs and renovation will cost and if you are new to the fix and flip real estate sphere, bring your contractor along for the inspection.

Thirdly, real estate bargain hunting requires persistence. You might have to look at hundreds of properties before you find a property that you think can yield good rental returns and is suitable for you to buy. Remember that similarly, not all foreclosure and auction sites represent bargains. Make an appointment to go down to the property and physically examine it to be sure that it meets your requirements. Staying consistent in your search for the right real estate investment is thus key to making a good real estate acquisition.

In conclusion, take some time to examine whether you have the three skill-sets mentioned above and then take massive action to start looking for your next real estate bargain. Believe in yourself today and focus on achieving your real estate investment goals. Carpe Diem!

The Right Team

The Right TeamContractors, like great real estate comps, are a valuable part of a flip. As  investors, we know this is a no brainer. The goal is that you find the right mix for your personality. Renovating and rehabbing houses can be tricky at best, yet our best deals come from the ugliest of houses, so we need to crack the contractor code. Take a look at this tip and see if you can benefit from the information.

You never want to hand over a property to a contractor who will then get lackadaisical and forget the promises they made to you. While securing the bid, they promise the moon. They say they will get right on your job. Even putting it in writing offers no immediate protection. Remember you are juggling hard money loans, and your working capital, as well as the monthly note.

What I  have found is that they secure another 4-5 jobs and then try to juggle all those balls in the air at once. Well they drop the balls. Contractors (not all now, but most) will put you on the back burner getting to you when they have time on their schedule, not yours.

A great tactic to try with a new contractor is this, I only give a contractor one small job to see if they can prove themselves. If they can, I give them more of the job to rehab. This is needed for them to work for me, if they can show up on time, do quality craftsmanship, within the budget we negotiated, and complete the small job when they say they can, I will continue to give them  other jobs.

Once you have a good working relationship with a contractor, I encourage you to stick together. The knowledge that you can hand a project over and have confidence that it will be done properly is immeasurable.

Start The Selling Process

Start The Selling ProcessThe real estate comps have been utilized. All of the work is all done. You have purchased a house, renovated it, fixed all of the issues, and now it’s ready to sell. But where do you start? What’s the next step to get this property sold and move on to the next?

One of the first things to do is write your copy. You will want to highlight all of the things in the home that build value. If you are tailoring your sales to a particular market, be sure to include those specific things that will appeal to that market. For instance, if you are marketing to people who have children, a large fenced-in backyard or a good school system may be your focal point.

You will definitely want to have an idea of what the house is worth when you prepare your listing. Using InvestorCompsOnline to assess the value will prevent you from overshooting the value in an effort to make a maximum profit, but you also don’t want to undervalue the house to move it quickly, either. This leads to my next point.

If you do not have a real estate background, partnering with a listing agent is essential. That real estate professional can help you figure out the right niche to market to if you are not sure, and he or she can also be a huge help in determining the right sale price, because he or she is the expert on the market you are looking to sell in.

It helps to have all of your paperwork lined up and ready so that any prospective buyer can get a quick glimpse into what all you did in order to make the house better. This also means providing all of your permits so that the buyer and all of the necessary agencies know that the work was done properly. That honesty will go a long way for you, now and in the future.

Ultimately, you want everything to work so that your buyer is ready to move quickly. Showcase the home properly, and don’t be shy about what you did during the makeover. Anything you can do ahead of time to prepare answers to potential questions and have paperwork ready will be important, as well as good business. Best of luck to you on your first flip – may it be the beginning of a lucrative career!

Removing The Mystery Of Investing

Removing The Mystery Of InvestingInvesting in real estate can be a hard investment to break into properly without a fair amount of research into the market itself. That being said, the time spent educating yourself on the current and past trends, as well as real estate comps, will surely be time well spent. Real estate has consistently shown itself to be one of the most stable and profitable of ventures available to the average investor. Initially there is a lot of guesswork involved with the process of investing in real estate. These include such things as where to invest, should you flip or be a landlord, and how to go about the financing that will undoubtedly ensue?  InvestorCompsOnline helps you to take the mystery out of the where, the should I, and the how much.

The best way to pursue this endeavor is to systematically remove the guesswork and replace it with solid facts and informed decisions. The first question is where should you invest? In real estate, there is little that is more important than location. Making sure that you pick a property in a decent area helps you tremendously in the long run.

Now comes one of the big questions. Will you flip the property or do you have what it takes to be a landlord? This decision will factor largely into the kind of property you choose. Flipping real estate can bring in a nice profit quickly if you are willing to spend some money on renovations or upgrades. On the other hand, being a landlord can bring in a secure monthly income and add to your equity. The choice is yours to make, my friend.

New Flips

New FlipsMost people feel that as a beginner – they just aren’t ready to invest in real estate. They think,  I don’t want to get stuck with property or loans I can’t get out of. The simple fact is, when structured properly, real estate investing, even if you’re just beginning, is a very safe investment alternative.

Let’s first see what a real estate investor really is. There are a number of ways to make money as a real estate investor, you can buy properties, fix them up and sell them (very risky). You can buy a property, list it with a real estate agent and hope to sell it at a profit (again, very risky). Or, you can obtain control of a property for a few dollars then market the property to sell it within a few days (virtually no risk at all). This third method, called house flipping, is what I recommend all beginning real estate investors choose.

The key to flipping real estate is to get in and out quickly. Using good real estate comps in these cases keeps you from selling the property for less then market value. Remember, you’re trying to make a profit and keep the whole process risk-free, so you will have to plan accordingly.

Your goal, then, as a house flipper, is to find under-valued properties, put them under contract, then market them as aggressively as possible. You want to sell the property within days if possible. Remember, you don’t get paid until the property is sold, so just holding onto a property with the hope that you will make an extra few dollars is the wrong attitude. Flipping this way is virtually risk free, because you are not actually buying the property, you are simply putting it under contract. If you are unable to sell it within a reasonable amount of time, you simply walk away – with no further liability.

Hopefully, these ideas will help motivate you to step out into the world of real estate investments and flipping properties. InvestorCompsOnline is here to assist you with that endeavor…join us today!

Monthly Archives: April 2016

The Skills To Win

The Skills To WinSuccess in real estate investing is all about knowing what to buy and how you approach the deal (hint, solid real estate comps make this work in your favor). Let’s look at three skills that you might want to develop to be more successful in your real estate investing business.

First, interpersonal skills are important in real estate negotiations. What makes or breaks a deal is usually whether you have good people skills and are able to make the other party trust you. Spend time establishing rapport when you meet prospective sellers and then applying the win-win formula so that they feel the value in doing a transaction with you and maybe recommend their friends to sell property to you in the future.

Secondly, you need to be able to do simple math and analyze the potential profit of the property that you are interested in. Spending time analyzing your buying price relative to similar units in the area is important and buying it at an under value is always good. We all know the profit is made when you buy! Alternatively, when buying properties that you want to improve, always factor the sums on how much the repairs and renovation will cost and if you are new to the fix and flip real estate sphere, bring your contractor along for the inspection.

Thirdly, real estate bargain hunting requires persistence. You might have to look at hundreds of properties before you find a property that you think can yield good rental returns and is suitable for you to buy. Remember that similarly, not all foreclosure and auction sites represent bargains. Make an appointment to go down to the property and physically examine it to be sure that it meets your requirements. Staying consistent in your search for the right real estate investment is thus key to making a good real estate acquisition.

In conclusion, take some time to examine whether you have the three skill-sets mentioned above and then take massive action to start looking for your next real estate bargain. Believe in yourself today and focus on achieving your real estate investment goals. Carpe Diem!

The Right Team

The Right TeamContractors, like great real estate comps, are a valuable part of a flip. As  investors, we know this is a no brainer. The goal is that you find the right mix for your personality. Renovating and rehabbing houses can be tricky at best, yet our best deals come from the ugliest of houses, so we need to crack the contractor code. Take a look at this tip and see if you can benefit from the information.

You never want to hand over a property to a contractor who will then get lackadaisical and forget the promises they made to you. While securing the bid, they promise the moon. They say they will get right on your job. Even putting it in writing offers no immediate protection. Remember you are juggling hard money loans, and your working capital, as well as the monthly note.

What I  have found is that they secure another 4-5 jobs and then try to juggle all those balls in the air at once. Well they drop the balls. Contractors (not all now, but most) will put you on the back burner getting to you when they have time on their schedule, not yours.

A great tactic to try with a new contractor is this, I only give a contractor one small job to see if they can prove themselves. If they can, I give them more of the job to rehab. This is needed for them to work for me, if they can show up on time, do quality craftsmanship, within the budget we negotiated, and complete the small job when they say they can, I will continue to give them  other jobs.

Once you have a good working relationship with a contractor, I encourage you to stick together. The knowledge that you can hand a project over and have confidence that it will be done properly is immeasurable.

Start The Selling Process

Start The Selling ProcessThe real estate comps have been utilized. All of the work is all done. You have purchased a house, renovated it, fixed all of the issues, and now it’s ready to sell. But where do you start? What’s the next step to get this property sold and move on to the next?

One of the first things to do is write your copy. You will want to highlight all of the things in the home that build value. If you are tailoring your sales to a particular market, be sure to include those specific things that will appeal to that market. For instance, if you are marketing to people who have children, a large fenced-in backyard or a good school system may be your focal point.

You will definitely want to have an idea of what the house is worth when you prepare your listing. Using InvestorCompsOnline to assess the value will prevent you from overshooting the value in an effort to make a maximum profit, but you also don’t want to undervalue the house to move it quickly, either. This leads to my next point.

If you do not have a real estate background, partnering with a listing agent is essential. That real estate professional can help you figure out the right niche to market to if you are not sure, and he or she can also be a huge help in determining the right sale price, because he or she is the expert on the market you are looking to sell in.

It helps to have all of your paperwork lined up and ready so that any prospective buyer can get a quick glimpse into what all you did in order to make the house better. This also means providing all of your permits so that the buyer and all of the necessary agencies know that the work was done properly. That honesty will go a long way for you, now and in the future.

Ultimately, you want everything to work so that your buyer is ready to move quickly. Showcase the home properly, and don’t be shy about what you did during the makeover. Anything you can do ahead of time to prepare answers to potential questions and have paperwork ready will be important, as well as good business. Best of luck to you on your first flip – may it be the beginning of a lucrative career!

Removing The Mystery Of Investing

Removing The Mystery Of InvestingInvesting in real estate can be a hard investment to break into properly without a fair amount of research into the market itself. That being said, the time spent educating yourself on the current and past trends, as well as real estate comps, will surely be time well spent. Real estate has consistently shown itself to be one of the most stable and profitable of ventures available to the average investor. Initially there is a lot of guesswork involved with the process of investing in real estate. These include such things as where to invest, should you flip or be a landlord, and how to go about the financing that will undoubtedly ensue?  InvestorCompsOnline helps you to take the mystery out of the where, the should I, and the how much.

The best way to pursue this endeavor is to systematically remove the guesswork and replace it with solid facts and informed decisions. The first question is where should you invest? In real estate, there is little that is more important than location. Making sure that you pick a property in a decent area helps you tremendously in the long run.

Now comes one of the big questions. Will you flip the property or do you have what it takes to be a landlord? This decision will factor largely into the kind of property you choose. Flipping real estate can bring in a nice profit quickly if you are willing to spend some money on renovations or upgrades. On the other hand, being a landlord can bring in a secure monthly income and add to your equity. The choice is yours to make, my friend.

New Flips

New FlipsMost people feel that as a beginner – they just aren’t ready to invest in real estate. They think,  I don’t want to get stuck with property or loans I can’t get out of. The simple fact is, when structured properly, real estate investing, even if you’re just beginning, is a very safe investment alternative.

Let’s first see what a real estate investor really is. There are a number of ways to make money as a real estate investor, you can buy properties, fix them up and sell them (very risky). You can buy a property, list it with a real estate agent and hope to sell it at a profit (again, very risky). Or, you can obtain control of a property for a few dollars then market the property to sell it within a few days (virtually no risk at all). This third method, called house flipping, is what I recommend all beginning real estate investors choose.

The key to flipping real estate is to get in and out quickly. Using good real estate comps in these cases keeps you from selling the property for less then market value. Remember, you’re trying to make a profit and keep the whole process risk-free, so you will have to plan accordingly.

Your goal, then, as a house flipper, is to find under-valued properties, put them under contract, then market them as aggressively as possible. You want to sell the property within days if possible. Remember, you don’t get paid until the property is sold, so just holding onto a property with the hope that you will make an extra few dollars is the wrong attitude. Flipping this way is virtually risk free, because you are not actually buying the property, you are simply putting it under contract. If you are unable to sell it within a reasonable amount of time, you simply walk away – with no further liability.

Hopefully, these ideas will help motivate you to step out into the world of real estate investments and flipping properties. InvestorCompsOnline is here to assist you with that endeavor…join us today!

Monthly Archives: April 2016

The Skills To Win

The Skills To WinSuccess in real estate investing is all about knowing what to buy and how you approach the deal (hint, solid real estate comps make this work in your favor). Let’s look at three skills that you might want to develop to be more successful in your real estate investing business.

First, interpersonal skills are important in real estate negotiations. What makes or breaks a deal is usually whether you have good people skills and are able to make the other party trust you. Spend time establishing rapport when you meet prospective sellers and then applying the win-win formula so that they feel the value in doing a transaction with you and maybe recommend their friends to sell property to you in the future.

Secondly, you need to be able to do simple math and analyze the potential profit of the property that you are interested in. Spending time analyzing your buying price relative to similar units in the area is important and buying it at an under value is always good. We all know the profit is made when you buy! Alternatively, when buying properties that you want to improve, always factor the sums on how much the repairs and renovation will cost and if you are new to the fix and flip real estate sphere, bring your contractor along for the inspection.

Thirdly, real estate bargain hunting requires persistence. You might have to look at hundreds of properties before you find a property that you think can yield good rental returns and is suitable for you to buy. Remember that similarly, not all foreclosure and auction sites represent bargains. Make an appointment to go down to the property and physically examine it to be sure that it meets your requirements. Staying consistent in your search for the right real estate investment is thus key to making a good real estate acquisition.

In conclusion, take some time to examine whether you have the three skill-sets mentioned above and then take massive action to start looking for your next real estate bargain. Believe in yourself today and focus on achieving your real estate investment goals. Carpe Diem!

The Right Team

The Right TeamContractors, like great real estate comps, are a valuable part of a flip. As  investors, we know this is a no brainer. The goal is that you find the right mix for your personality. Renovating and rehabbing houses can be tricky at best, yet our best deals come from the ugliest of houses, so we need to crack the contractor code. Take a look at this tip and see if you can benefit from the information.

You never want to hand over a property to a contractor who will then get lackadaisical and forget the promises they made to you. While securing the bid, they promise the moon. They say they will get right on your job. Even putting it in writing offers no immediate protection. Remember you are juggling hard money loans, and your working capital, as well as the monthly note.

What I  have found is that they secure another 4-5 jobs and then try to juggle all those balls in the air at once. Well they drop the balls. Contractors (not all now, but most) will put you on the back burner getting to you when they have time on their schedule, not yours.

A great tactic to try with a new contractor is this, I only give a contractor one small job to see if they can prove themselves. If they can, I give them more of the job to rehab. This is needed for them to work for me, if they can show up on time, do quality craftsmanship, within the budget we negotiated, and complete the small job when they say they can, I will continue to give them  other jobs.

Once you have a good working relationship with a contractor, I encourage you to stick together. The knowledge that you can hand a project over and have confidence that it will be done properly is immeasurable.

Start The Selling Process

Start The Selling ProcessThe real estate comps have been utilized. All of the work is all done. You have purchased a house, renovated it, fixed all of the issues, and now it’s ready to sell. But where do you start? What’s the next step to get this property sold and move on to the next?

One of the first things to do is write your copy. You will want to highlight all of the things in the home that build value. If you are tailoring your sales to a particular market, be sure to include those specific things that will appeal to that market. For instance, if you are marketing to people who have children, a large fenced-in backyard or a good school system may be your focal point.

You will definitely want to have an idea of what the house is worth when you prepare your listing. Using InvestorCompsOnline to assess the value will prevent you from overshooting the value in an effort to make a maximum profit, but you also don’t want to undervalue the house to move it quickly, either. This leads to my next point.

If you do not have a real estate background, partnering with a listing agent is essential. That real estate professional can help you figure out the right niche to market to if you are not sure, and he or she can also be a huge help in determining the right sale price, because he or she is the expert on the market you are looking to sell in.

It helps to have all of your paperwork lined up and ready so that any prospective buyer can get a quick glimpse into what all you did in order to make the house better. This also means providing all of your permits so that the buyer and all of the necessary agencies know that the work was done properly. That honesty will go a long way for you, now and in the future.

Ultimately, you want everything to work so that your buyer is ready to move quickly. Showcase the home properly, and don’t be shy about what you did during the makeover. Anything you can do ahead of time to prepare answers to potential questions and have paperwork ready will be important, as well as good business. Best of luck to you on your first flip – may it be the beginning of a lucrative career!

Removing The Mystery Of Investing

Removing The Mystery Of InvestingInvesting in real estate can be a hard investment to break into properly without a fair amount of research into the market itself. That being said, the time spent educating yourself on the current and past trends, as well as real estate comps, will surely be time well spent. Real estate has consistently shown itself to be one of the most stable and profitable of ventures available to the average investor. Initially there is a lot of guesswork involved with the process of investing in real estate. These include such things as where to invest, should you flip or be a landlord, and how to go about the financing that will undoubtedly ensue?  InvestorCompsOnline helps you to take the mystery out of the where, the should I, and the how much.

The best way to pursue this endeavor is to systematically remove the guesswork and replace it with solid facts and informed decisions. The first question is where should you invest? In real estate, there is little that is more important than location. Making sure that you pick a property in a decent area helps you tremendously in the long run.

Now comes one of the big questions. Will you flip the property or do you have what it takes to be a landlord? This decision will factor largely into the kind of property you choose. Flipping real estate can bring in a nice profit quickly if you are willing to spend some money on renovations or upgrades. On the other hand, being a landlord can bring in a secure monthly income and add to your equity. The choice is yours to make, my friend.

New Flips

New FlipsMost people feel that as a beginner – they just aren’t ready to invest in real estate. They think,  I don’t want to get stuck with property or loans I can’t get out of. The simple fact is, when structured properly, real estate investing, even if you’re just beginning, is a very safe investment alternative.

Let’s first see what a real estate investor really is. There are a number of ways to make money as a real estate investor, you can buy properties, fix them up and sell them (very risky). You can buy a property, list it with a real estate agent and hope to sell it at a profit (again, very risky). Or, you can obtain control of a property for a few dollars then market the property to sell it within a few days (virtually no risk at all). This third method, called house flipping, is what I recommend all beginning real estate investors choose.

The key to flipping real estate is to get in and out quickly. Using good real estate comps in these cases keeps you from selling the property for less then market value. Remember, you’re trying to make a profit and keep the whole process risk-free, so you will have to plan accordingly.

Your goal, then, as a house flipper, is to find under-valued properties, put them under contract, then market them as aggressively as possible. You want to sell the property within days if possible. Remember, you don’t get paid until the property is sold, so just holding onto a property with the hope that you will make an extra few dollars is the wrong attitude. Flipping this way is virtually risk free, because you are not actually buying the property, you are simply putting it under contract. If you are unable to sell it within a reasonable amount of time, you simply walk away – with no further liability.

Hopefully, these ideas will help motivate you to step out into the world of real estate investments and flipping properties. InvestorCompsOnline is here to assist you with that endeavor…join us today!

Monthly Archives: April 2016

The Skills To Win

The Skills To WinSuccess in real estate investing is all about knowing what to buy and how you approach the deal (hint, solid real estate comps make this work in your favor). Let’s look at three skills that you might want to develop to be more successful in your real estate investing business.

First, interpersonal skills are important in real estate negotiations. What makes or breaks a deal is usually whether you have good people skills and are able to make the other party trust you. Spend time establishing rapport when you meet prospective sellers and then applying the win-win formula so that they feel the value in doing a transaction with you and maybe recommend their friends to sell property to you in the future.

Secondly, you need to be able to do simple math and analyze the potential profit of the property that you are interested in. Spending time analyzing your buying price relative to similar units in the area is important and buying it at an under value is always good. We all know the profit is made when you buy! Alternatively, when buying properties that you want to improve, always factor the sums on how much the repairs and renovation will cost and if you are new to the fix and flip real estate sphere, bring your contractor along for the inspection.

Thirdly, real estate bargain hunting requires persistence. You might have to look at hundreds of properties before you find a property that you think can yield good rental returns and is suitable for you to buy. Remember that similarly, not all foreclosure and auction sites represent bargains. Make an appointment to go down to the property and physically examine it to be sure that it meets your requirements. Staying consistent in your search for the right real estate investment is thus key to making a good real estate acquisition.

In conclusion, take some time to examine whether you have the three skill-sets mentioned above and then take massive action to start looking for your next real estate bargain. Believe in yourself today and focus on achieving your real estate investment goals. Carpe Diem!

The Right Team

The Right TeamContractors, like great real estate comps, are a valuable part of a flip. As  investors, we know this is a no brainer. The goal is that you find the right mix for your personality. Renovating and rehabbing houses can be tricky at best, yet our best deals come from the ugliest of houses, so we need to crack the contractor code. Take a look at this tip and see if you can benefit from the information.

You never want to hand over a property to a contractor who will then get lackadaisical and forget the promises they made to you. While securing the bid, they promise the moon. They say they will get right on your job. Even putting it in writing offers no immediate protection. Remember you are juggling hard money loans, and your working capital, as well as the monthly note.

What I  have found is that they secure another 4-5 jobs and then try to juggle all those balls in the air at once. Well they drop the balls. Contractors (not all now, but most) will put you on the back burner getting to you when they have time on their schedule, not yours.

A great tactic to try with a new contractor is this, I only give a contractor one small job to see if they can prove themselves. If they can, I give them more of the job to rehab. This is needed for them to work for me, if they can show up on time, do quality craftsmanship, within the budget we negotiated, and complete the small job when they say they can, I will continue to give them  other jobs.

Once you have a good working relationship with a contractor, I encourage you to stick together. The knowledge that you can hand a project over and have confidence that it will be done properly is immeasurable.

Start The Selling Process

Start The Selling ProcessThe real estate comps have been utilized. All of the work is all done. You have purchased a house, renovated it, fixed all of the issues, and now it’s ready to sell. But where do you start? What’s the next step to get this property sold and move on to the next?

One of the first things to do is write your copy. You will want to highlight all of the things in the home that build value. If you are tailoring your sales to a particular market, be sure to include those specific things that will appeal to that market. For instance, if you are marketing to people who have children, a large fenced-in backyard or a good school system may be your focal point.

You will definitely want to have an idea of what the house is worth when you prepare your listing. Using InvestorCompsOnline to assess the value will prevent you from overshooting the value in an effort to make a maximum profit, but you also don’t want to undervalue the house to move it quickly, either. This leads to my next point.

If you do not have a real estate background, partnering with a listing agent is essential. That real estate professional can help you figure out the right niche to market to if you are not sure, and he or she can also be a huge help in determining the right sale price, because he or she is the expert on the market you are looking to sell in.

It helps to have all of your paperwork lined up and ready so that any prospective buyer can get a quick glimpse into what all you did in order to make the house better. This also means providing all of your permits so that the buyer and all of the necessary agencies know that the work was done properly. That honesty will go a long way for you, now and in the future.

Ultimately, you want everything to work so that your buyer is ready to move quickly. Showcase the home properly, and don’t be shy about what you did during the makeover. Anything you can do ahead of time to prepare answers to potential questions and have paperwork ready will be important, as well as good business. Best of luck to you on your first flip – may it be the beginning of a lucrative career!

Removing The Mystery Of Investing

Removing The Mystery Of InvestingInvesting in real estate can be a hard investment to break into properly without a fair amount of research into the market itself. That being said, the time spent educating yourself on the current and past trends, as well as real estate comps, will surely be time well spent. Real estate has consistently shown itself to be one of the most stable and profitable of ventures available to the average investor. Initially there is a lot of guesswork involved with the process of investing in real estate. These include such things as where to invest, should you flip or be a landlord, and how to go about the financing that will undoubtedly ensue?  InvestorCompsOnline helps you to take the mystery out of the where, the should I, and the how much.

The best way to pursue this endeavor is to systematically remove the guesswork and replace it with solid facts and informed decisions. The first question is where should you invest? In real estate, there is little that is more important than location. Making sure that you pick a property in a decent area helps you tremendously in the long run.

Now comes one of the big questions. Will you flip the property or do you have what it takes to be a landlord? This decision will factor largely into the kind of property you choose. Flipping real estate can bring in a nice profit quickly if you are willing to spend some money on renovations or upgrades. On the other hand, being a landlord can bring in a secure monthly income and add to your equity. The choice is yours to make, my friend.

New Flips

New FlipsMost people feel that as a beginner – they just aren’t ready to invest in real estate. They think,  I don’t want to get stuck with property or loans I can’t get out of. The simple fact is, when structured properly, real estate investing, even if you’re just beginning, is a very safe investment alternative.

Let’s first see what a real estate investor really is. There are a number of ways to make money as a real estate investor, you can buy properties, fix them up and sell them (very risky). You can buy a property, list it with a real estate agent and hope to sell it at a profit (again, very risky). Or, you can obtain control of a property for a few dollars then market the property to sell it within a few days (virtually no risk at all). This third method, called house flipping, is what I recommend all beginning real estate investors choose.

The key to flipping real estate is to get in and out quickly. Using good real estate comps in these cases keeps you from selling the property for less then market value. Remember, you’re trying to make a profit and keep the whole process risk-free, so you will have to plan accordingly.

Your goal, then, as a house flipper, is to find under-valued properties, put them under contract, then market them as aggressively as possible. You want to sell the property within days if possible. Remember, you don’t get paid until the property is sold, so just holding onto a property with the hope that you will make an extra few dollars is the wrong attitude. Flipping this way is virtually risk free, because you are not actually buying the property, you are simply putting it under contract. If you are unable to sell it within a reasonable amount of time, you simply walk away – with no further liability.

Hopefully, these ideas will help motivate you to step out into the world of real estate investments and flipping properties. InvestorCompsOnline is here to assist you with that endeavor…join us today!

Monthly Archives: April 2016

The Skills To Win

The Skills To WinSuccess in real estate investing is all about knowing what to buy and how you approach the deal (hint, solid real estate comps make this work in your favor). Let’s look at three skills that you might want to develop to be more successful in your real estate investing business.

First, interpersonal skills are important in real estate negotiations. What makes or breaks a deal is usually whether you have good people skills and are able to make the other party trust you. Spend time establishing rapport when you meet prospective sellers and then applying the win-win formula so that they feel the value in doing a transaction with you and maybe recommend their friends to sell property to you in the future.

Secondly, you need to be able to do simple math and analyze the potential profit of the property that you are interested in. Spending time analyzing your buying price relative to similar units in the area is important and buying it at an under value is always good. We all know the profit is made when you buy! Alternatively, when buying properties that you want to improve, always factor the sums on how much the repairs and renovation will cost and if you are new to the fix and flip real estate sphere, bring your contractor along for the inspection.

Thirdly, real estate bargain hunting requires persistence. You might have to look at hundreds of properties before you find a property that you think can yield good rental returns and is suitable for you to buy. Remember that similarly, not all foreclosure and auction sites represent bargains. Make an appointment to go down to the property and physically examine it to be sure that it meets your requirements. Staying consistent in your search for the right real estate investment is thus key to making a good real estate acquisition.

In conclusion, take some time to examine whether you have the three skill-sets mentioned above and then take massive action to start looking for your next real estate bargain. Believe in yourself today and focus on achieving your real estate investment goals. Carpe Diem!

The Right Team

The Right TeamContractors, like great real estate comps, are a valuable part of a flip. As  investors, we know this is a no brainer. The goal is that you find the right mix for your personality. Renovating and rehabbing houses can be tricky at best, yet our best deals come from the ugliest of houses, so we need to crack the contractor code. Take a look at this tip and see if you can benefit from the information.

You never want to hand over a property to a contractor who will then get lackadaisical and forget the promises they made to you. While securing the bid, they promise the moon. They say they will get right on your job. Even putting it in writing offers no immediate protection. Remember you are juggling hard money loans, and your working capital, as well as the monthly note.

What I  have found is that they secure another 4-5 jobs and then try to juggle all those balls in the air at once. Well they drop the balls. Contractors (not all now, but most) will put you on the back burner getting to you when they have time on their schedule, not yours.

A great tactic to try with a new contractor is this, I only give a contractor one small job to see if they can prove themselves. If they can, I give them more of the job to rehab. This is needed for them to work for me, if they can show up on time, do quality craftsmanship, within the budget we negotiated, and complete the small job when they say they can, I will continue to give them  other jobs.

Once you have a good working relationship with a contractor, I encourage you to stick together. The knowledge that you can hand a project over and have confidence that it will be done properly is immeasurable.

Start The Selling Process

Start The Selling ProcessThe real estate comps have been utilized. All of the work is all done. You have purchased a house, renovated it, fixed all of the issues, and now it’s ready to sell. But where do you start? What’s the next step to get this property sold and move on to the next?

One of the first things to do is write your copy. You will want to highlight all of the things in the home that build value. If you are tailoring your sales to a particular market, be sure to include those specific things that will appeal to that market. For instance, if you are marketing to people who have children, a large fenced-in backyard or a good school system may be your focal point.

You will definitely want to have an idea of what the house is worth when you prepare your listing. Using InvestorCompsOnline to assess the value will prevent you from overshooting the value in an effort to make a maximum profit, but you also don’t want to undervalue the house to move it quickly, either. This leads to my next point.

If you do not have a real estate background, partnering with a listing agent is essential. That real estate professional can help you figure out the right niche to market to if you are not sure, and he or she can also be a huge help in determining the right sale price, because he or she is the expert on the market you are looking to sell in.

It helps to have all of your paperwork lined up and ready so that any prospective buyer can get a quick glimpse into what all you did in order to make the house better. This also means providing all of your permits so that the buyer and all of the necessary agencies know that the work was done properly. That honesty will go a long way for you, now and in the future.

Ultimately, you want everything to work so that your buyer is ready to move quickly. Showcase the home properly, and don’t be shy about what you did during the makeover. Anything you can do ahead of time to prepare answers to potential questions and have paperwork ready will be important, as well as good business. Best of luck to you on your first flip – may it be the beginning of a lucrative career!

Removing The Mystery Of Investing

Removing The Mystery Of InvestingInvesting in real estate can be a hard investment to break into properly without a fair amount of research into the market itself. That being said, the time spent educating yourself on the current and past trends, as well as real estate comps, will surely be time well spent. Real estate has consistently shown itself to be one of the most stable and profitable of ventures available to the average investor. Initially there is a lot of guesswork involved with the process of investing in real estate. These include such things as where to invest, should you flip or be a landlord, and how to go about the financing that will undoubtedly ensue?  InvestorCompsOnline helps you to take the mystery out of the where, the should I, and the how much.

The best way to pursue this endeavor is to systematically remove the guesswork and replace it with solid facts and informed decisions. The first question is where should you invest? In real estate, there is little that is more important than location. Making sure that you pick a property in a decent area helps you tremendously in the long run.

Now comes one of the big questions. Will you flip the property or do you have what it takes to be a landlord? This decision will factor largely into the kind of property you choose. Flipping real estate can bring in a nice profit quickly if you are willing to spend some money on renovations or upgrades. On the other hand, being a landlord can bring in a secure monthly income and add to your equity. The choice is yours to make, my friend.

New Flips

New FlipsMost people feel that as a beginner – they just aren’t ready to invest in real estate. They think,  I don’t want to get stuck with property or loans I can’t get out of. The simple fact is, when structured properly, real estate investing, even if you’re just beginning, is a very safe investment alternative.

Let’s first see what a real estate investor really is. There are a number of ways to make money as a real estate investor, you can buy properties, fix them up and sell them (very risky). You can buy a property, list it with a real estate agent and hope to sell it at a profit (again, very risky). Or, you can obtain control of a property for a few dollars then market the property to sell it within a few days (virtually no risk at all). This third method, called house flipping, is what I recommend all beginning real estate investors choose.

The key to flipping real estate is to get in and out quickly. Using good real estate comps in these cases keeps you from selling the property for less then market value. Remember, you’re trying to make a profit and keep the whole process risk-free, so you will have to plan accordingly.

Your goal, then, as a house flipper, is to find under-valued properties, put them under contract, then market them as aggressively as possible. You want to sell the property within days if possible. Remember, you don’t get paid until the property is sold, so just holding onto a property with the hope that you will make an extra few dollars is the wrong attitude. Flipping this way is virtually risk free, because you are not actually buying the property, you are simply putting it under contract. If you are unable to sell it within a reasonable amount of time, you simply walk away – with no further liability.

Hopefully, these ideas will help motivate you to step out into the world of real estate investments and flipping properties. InvestorCompsOnline is here to assist you with that endeavor…join us today!

Monthly Archives: April 2016

The Skills To Win

The Skills To WinSuccess in real estate investing is all about knowing what to buy and how you approach the deal (hint, solid real estate comps make this work in your favor). Let’s look at three skills that you might want to develop to be more successful in your real estate investing business.

First, interpersonal skills are important in real estate negotiations. What makes or breaks a deal is usually whether you have good people skills and are able to make the other party trust you. Spend time establishing rapport when you meet prospective sellers and then applying the win-win formula so that they feel the value in doing a transaction with you and maybe recommend their friends to sell property to you in the future.

Secondly, you need to be able to do simple math and analyze the potential profit of the property that you are interested in. Spending time analyzing your buying price relative to similar units in the area is important and buying it at an under value is always good. We all know the profit is made when you buy! Alternatively, when buying properties that you want to improve, always factor the sums on how much the repairs and renovation will cost and if you are new to the fix and flip real estate sphere, bring your contractor along for the inspection.

Thirdly, real estate bargain hunting requires persistence. You might have to look at hundreds of properties before you find a property that you think can yield good rental returns and is suitable for you to buy. Remember that similarly, not all foreclosure and auction sites represent bargains. Make an appointment to go down to the property and physically examine it to be sure that it meets your requirements. Staying consistent in your search for the right real estate investment is thus key to making a good real estate acquisition.

In conclusion, take some time to examine whether you have the three skill-sets mentioned above and then take massive action to start looking for your next real estate bargain. Believe in yourself today and focus on achieving your real estate investment goals. Carpe Diem!

The Right Team

The Right TeamContractors, like great real estate comps, are a valuable part of a flip. As  investors, we know this is a no brainer. The goal is that you find the right mix for your personality. Renovating and rehabbing houses can be tricky at best, yet our best deals come from the ugliest of houses, so we need to crack the contractor code. Take a look at this tip and see if you can benefit from the information.

You never want to hand over a property to a contractor who will then get lackadaisical and forget the promises they made to you. While securing the bid, they promise the moon. They say they will get right on your job. Even putting it in writing offers no immediate protection. Remember you are juggling hard money loans, and your working capital, as well as the monthly note.

What I  have found is that they secure another 4-5 jobs and then try to juggle all those balls in the air at once. Well they drop the balls. Contractors (not all now, but most) will put you on the back burner getting to you when they have time on their schedule, not yours.

A great tactic to try with a new contractor is this, I only give a contractor one small job to see if they can prove themselves. If they can, I give them more of the job to rehab. This is needed for them to work for me, if they can show up on time, do quality craftsmanship, within the budget we negotiated, and complete the small job when they say they can, I will continue to give them  other jobs.

Once you have a good working relationship with a contractor, I encourage you to stick together. The knowledge that you can hand a project over and have confidence that it will be done properly is immeasurable.

Start The Selling Process

Start The Selling ProcessThe real estate comps have been utilized. All of the work is all done. You have purchased a house, renovated it, fixed all of the issues, and now it’s ready to sell. But where do you start? What’s the next step to get this property sold and move on to the next?

One of the first things to do is write your copy. You will want to highlight all of the things in the home that build value. If you are tailoring your sales to a particular market, be sure to include those specific things that will appeal to that market. For instance, if you are marketing to people who have children, a large fenced-in backyard or a good school system may be your focal point.

You will definitely want to have an idea of what the house is worth when you prepare your listing. Using InvestorCompsOnline to assess the value will prevent you from overshooting the value in an effort to make a maximum profit, but you also don’t want to undervalue the house to move it quickly, either. This leads to my next point.

If you do not have a real estate background, partnering with a listing agent is essential. That real estate professional can help you figure out the right niche to market to if you are not sure, and he or she can also be a huge help in determining the right sale price, because he or she is the expert on the market you are looking to sell in.

It helps to have all of your paperwork lined up and ready so that any prospective buyer can get a quick glimpse into what all you did in order to make the house better. This also means providing all of your permits so that the buyer and all of the necessary agencies know that the work was done properly. That honesty will go a long way for you, now and in the future.

Ultimately, you want everything to work so that your buyer is ready to move quickly. Showcase the home properly, and don’t be shy about what you did during the makeover. Anything you can do ahead of time to prepare answers to potential questions and have paperwork ready will be important, as well as good business. Best of luck to you on your first flip – may it be the beginning of a lucrative career!

Removing The Mystery Of Investing

Removing The Mystery Of InvestingInvesting in real estate can be a hard investment to break into properly without a fair amount of research into the market itself. That being said, the time spent educating yourself on the current and past trends, as well as real estate comps, will surely be time well spent. Real estate has consistently shown itself to be one of the most stable and profitable of ventures available to the average investor. Initially there is a lot of guesswork involved with the process of investing in real estate. These include such things as where to invest, should you flip or be a landlord, and how to go about the financing that will undoubtedly ensue?  InvestorCompsOnline helps you to take the mystery out of the where, the should I, and the how much.

The best way to pursue this endeavor is to systematically remove the guesswork and replace it with solid facts and informed decisions. The first question is where should you invest? In real estate, there is little that is more important than location. Making sure that you pick a property in a decent area helps you tremendously in the long run.

Now comes one of the big questions. Will you flip the property or do you have what it takes to be a landlord? This decision will factor largely into the kind of property you choose. Flipping real estate can bring in a nice profit quickly if you are willing to spend some money on renovations or upgrades. On the other hand, being a landlord can bring in a secure monthly income and add to your equity. The choice is yours to make, my friend.

New Flips

New FlipsMost people feel that as a beginner – they just aren’t ready to invest in real estate. They think,  I don’t want to get stuck with property or loans I can’t get out of. The simple fact is, when structured properly, real estate investing, even if you’re just beginning, is a very safe investment alternative.

Let’s first see what a real estate investor really is. There are a number of ways to make money as a real estate investor, you can buy properties, fix them up and sell them (very risky). You can buy a property, list it with a real estate agent and hope to sell it at a profit (again, very risky). Or, you can obtain control of a property for a few dollars then market the property to sell it within a few days (virtually no risk at all). This third method, called house flipping, is what I recommend all beginning real estate investors choose.

The key to flipping real estate is to get in and out quickly. Using good real estate comps in these cases keeps you from selling the property for less then market value. Remember, you’re trying to make a profit and keep the whole process risk-free, so you will have to plan accordingly.

Your goal, then, as a house flipper, is to find under-valued properties, put them under contract, then market them as aggressively as possible. You want to sell the property within days if possible. Remember, you don’t get paid until the property is sold, so just holding onto a property with the hope that you will make an extra few dollars is the wrong attitude. Flipping this way is virtually risk free, because you are not actually buying the property, you are simply putting it under contract. If you are unable to sell it within a reasonable amount of time, you simply walk away – with no further liability.

Hopefully, these ideas will help motivate you to step out into the world of real estate investments and flipping properties. InvestorCompsOnline is here to assist you with that endeavor…join us today!

Monthly Archives: April 2016

The Skills To Win

The Skills To WinSuccess in real estate investing is all about knowing what to buy and how you approach the deal (hint, solid real estate comps make this work in your favor). Let’s look at three skills that you might want to develop to be more successful in your real estate investing business.

First, interpersonal skills are important in real estate negotiations. What makes or breaks a deal is usually whether you have good people skills and are able to make the other party trust you. Spend time establishing rapport when you meet prospective sellers and then applying the win-win formula so that they feel the value in doing a transaction with you and maybe recommend their friends to sell property to you in the future.

Secondly, you need to be able to do simple math and analyze the potential profit of the property that you are interested in. Spending time analyzing your buying price relative to similar units in the area is important and buying it at an under value is always good. We all know the profit is made when you buy! Alternatively, when buying properties that you want to improve, always factor the sums on how much the repairs and renovation will cost and if you are new to the fix and flip real estate sphere, bring your contractor along for the inspection.

Thirdly, real estate bargain hunting requires persistence. You might have to look at hundreds of properties before you find a property that you think can yield good rental returns and is suitable for you to buy. Remember that similarly, not all foreclosure and auction sites represent bargains. Make an appointment to go down to the property and physically examine it to be sure that it meets your requirements. Staying consistent in your search for the right real estate investment is thus key to making a good real estate acquisition.

In conclusion, take some time to examine whether you have the three skill-sets mentioned above and then take massive action to start looking for your next real estate bargain. Believe in yourself today and focus on achieving your real estate investment goals. Carpe Diem!

The Right Team

The Right TeamContractors, like great real estate comps, are a valuable part of a flip. As  investors, we know this is a no brainer. The goal is that you find the right mix for your personality. Renovating and rehabbing houses can be tricky at best, yet our best deals come from the ugliest of houses, so we need to crack the contractor code. Take a look at this tip and see if you can benefit from the information.

You never want to hand over a property to a contractor who will then get lackadaisical and forget the promises they made to you. While securing the bid, they promise the moon. They say they will get right on your job. Even putting it in writing offers no immediate protection. Remember you are juggling hard money loans, and your working capital, as well as the monthly note.

What I  have found is that they secure another 4-5 jobs and then try to juggle all those balls in the air at once. Well they drop the balls. Contractors (not all now, but most) will put you on the back burner getting to you when they have time on their schedule, not yours.

A great tactic to try with a new contractor is this, I only give a contractor one small job to see if they can prove themselves. If they can, I give them more of the job to rehab. This is needed for them to work for me, if they can show up on time, do quality craftsmanship, within the budget we negotiated, and complete the small job when they say they can, I will continue to give them  other jobs.

Once you have a good working relationship with a contractor, I encourage you to stick together. The knowledge that you can hand a project over and have confidence that it will be done properly is immeasurable.

Start The Selling Process

Start The Selling ProcessThe real estate comps have been utilized. All of the work is all done. You have purchased a house, renovated it, fixed all of the issues, and now it’s ready to sell. But where do you start? What’s the next step to get this property sold and move on to the next?

One of the first things to do is write your copy. You will want to highlight all of the things in the home that build value. If you are tailoring your sales to a particular market, be sure to include those specific things that will appeal to that market. For instance, if you are marketing to people who have children, a large fenced-in backyard or a good school system may be your focal point.

You will definitely want to have an idea of what the house is worth when you prepare your listing. Using InvestorCompsOnline to assess the value will prevent you from overshooting the value in an effort to make a maximum profit, but you also don’t want to undervalue the house to move it quickly, either. This leads to my next point.

If you do not have a real estate background, partnering with a listing agent is essential. That real estate professional can help you figure out the right niche to market to if you are not sure, and he or she can also be a huge help in determining the right sale price, because he or she is the expert on the market you are looking to sell in.

It helps to have all of your paperwork lined up and ready so that any prospective buyer can get a quick glimpse into what all you did in order to make the house better. This also means providing all of your permits so that the buyer and all of the necessary agencies know that the work was done properly. That honesty will go a long way for you, now and in the future.

Ultimately, you want everything to work so that your buyer is ready to move quickly. Showcase the home properly, and don’t be shy about what you did during the makeover. Anything you can do ahead of time to prepare answers to potential questions and have paperwork ready will be important, as well as good business. Best of luck to you on your first flip – may it be the beginning of a lucrative career!

Removing The Mystery Of Investing

Removing The Mystery Of InvestingInvesting in real estate can be a hard investment to break into properly without a fair amount of research into the market itself. That being said, the time spent educating yourself on the current and past trends, as well as real estate comps, will surely be time well spent. Real estate has consistently shown itself to be one of the most stable and profitable of ventures available to the average investor. Initially there is a lot of guesswork involved with the process of investing in real estate. These include such things as where to invest, should you flip or be a landlord, and how to go about the financing that will undoubtedly ensue?  InvestorCompsOnline helps you to take the mystery out of the where, the should I, and the how much.

The best way to pursue this endeavor is to systematically remove the guesswork and replace it with solid facts and informed decisions. The first question is where should you invest? In real estate, there is little that is more important than location. Making sure that you pick a property in a decent area helps you tremendously in the long run.

Now comes one of the big questions. Will you flip the property or do you have what it takes to be a landlord? This decision will factor largely into the kind of property you choose. Flipping real estate can bring in a nice profit quickly if you are willing to spend some money on renovations or upgrades. On the other hand, being a landlord can bring in a secure monthly income and add to your equity. The choice is yours to make, my friend.

New Flips

New FlipsMost people feel that as a beginner – they just aren’t ready to invest in real estate. They think,  I don’t want to get stuck with property or loans I can’t get out of. The simple fact is, when structured properly, real estate investing, even if you’re just beginning, is a very safe investment alternative.

Let’s first see what a real estate investor really is. There are a number of ways to make money as a real estate investor, you can buy properties, fix them up and sell them (very risky). You can buy a property, list it with a real estate agent and hope to sell it at a profit (again, very risky). Or, you can obtain control of a property for a few dollars then market the property to sell it within a few days (virtually no risk at all). This third method, called house flipping, is what I recommend all beginning real estate investors choose.

The key to flipping real estate is to get in and out quickly. Using good real estate comps in these cases keeps you from selling the property for less then market value. Remember, you’re trying to make a profit and keep the whole process risk-free, so you will have to plan accordingly.

Your goal, then, as a house flipper, is to find under-valued properties, put them under contract, then market them as aggressively as possible. You want to sell the property within days if possible. Remember, you don’t get paid until the property is sold, so just holding onto a property with the hope that you will make an extra few dollars is the wrong attitude. Flipping this way is virtually risk free, because you are not actually buying the property, you are simply putting it under contract. If you are unable to sell it within a reasonable amount of time, you simply walk away – with no further liability.

Hopefully, these ideas will help motivate you to step out into the world of real estate investments and flipping properties. InvestorCompsOnline is here to assist you with that endeavor…join us today!

Monthly Archives: April 2016

The Skills To Win

The Skills To WinSuccess in real estate investing is all about knowing what to buy and how you approach the deal (hint, solid real estate comps make this work in your favor). Let’s look at three skills that you might want to develop to be more successful in your real estate investing business.

First, interpersonal skills are important in real estate negotiations. What makes or breaks a deal is usually whether you have good people skills and are able to make the other party trust you. Spend time establishing rapport when you meet prospective sellers and then applying the win-win formula so that they feel the value in doing a transaction with you and maybe recommend their friends to sell property to you in the future.

Secondly, you need to be able to do simple math and analyze the potential profit of the property that you are interested in. Spending time analyzing your buying price relative to similar units in the area is important and buying it at an under value is always good. We all know the profit is made when you buy! Alternatively, when buying properties that you want to improve, always factor the sums on how much the repairs and renovation will cost and if you are new to the fix and flip real estate sphere, bring your contractor along for the inspection.

Thirdly, real estate bargain hunting requires persistence. You might have to look at hundreds of properties before you find a property that you think can yield good rental returns and is suitable for you to buy. Remember that similarly, not all foreclosure and auction sites represent bargains. Make an appointment to go down to the property and physically examine it to be sure that it meets your requirements. Staying consistent in your search for the right real estate investment is thus key to making a good real estate acquisition.

In conclusion, take some time to examine whether you have the three skill-sets mentioned above and then take massive action to start looking for your next real estate bargain. Believe in yourself today and focus on achieving your real estate investment goals. Carpe Diem!

The Right Team

The Right TeamContractors, like great real estate comps, are a valuable part of a flip. As  investors, we know this is a no brainer. The goal is that you find the right mix for your personality. Renovating and rehabbing houses can be tricky at best, yet our best deals come from the ugliest of houses, so we need to crack the contractor code. Take a look at this tip and see if you can benefit from the information.

You never want to hand over a property to a contractor who will then get lackadaisical and forget the promises they made to you. While securing the bid, they promise the moon. They say they will get right on your job. Even putting it in writing offers no immediate protection. Remember you are juggling hard money loans, and your working capital, as well as the monthly note.

What I  have found is that they secure another 4-5 jobs and then try to juggle all those balls in the air at once. Well they drop the balls. Contractors (not all now, but most) will put you on the back burner getting to you when they have time on their schedule, not yours.

A great tactic to try with a new contractor is this, I only give a contractor one small job to see if they can prove themselves. If they can, I give them more of the job to rehab. This is needed for them to work for me, if they can show up on time, do quality craftsmanship, within the budget we negotiated, and complete the small job when they say they can, I will continue to give them  other jobs.

Once you have a good working relationship with a contractor, I encourage you to stick together. The knowledge that you can hand a project over and have confidence that it will be done properly is immeasurable.

Start The Selling Process

Start The Selling ProcessThe real estate comps have been utilized. All of the work is all done. You have purchased a house, renovated it, fixed all of the issues, and now it’s ready to sell. But where do you start? What’s the next step to get this property sold and move on to the next?

One of the first things to do is write your copy. You will want to highlight all of the things in the home that build value. If you are tailoring your sales to a particular market, be sure to include those specific things that will appeal to that market. For instance, if you are marketing to people who have children, a large fenced-in backyard or a good school system may be your focal point.

You will definitely want to have an idea of what the house is worth when you prepare your listing. Using InvestorCompsOnline to assess the value will prevent you from overshooting the value in an effort to make a maximum profit, but you also don’t want to undervalue the house to move it quickly, either. This leads to my next point.

If you do not have a real estate background, partnering with a listing agent is essential. That real estate professional can help you figure out the right niche to market to if you are not sure, and he or she can also be a huge help in determining the right sale price, because he or she is the expert on the market you are looking to sell in.

It helps to have all of your paperwork lined up and ready so that any prospective buyer can get a quick glimpse into what all you did in order to make the house better. This also means providing all of your permits so that the buyer and all of the necessary agencies know that the work was done properly. That honesty will go a long way for you, now and in the future.

Ultimately, you want everything to work so that your buyer is ready to move quickly. Showcase the home properly, and don’t be shy about what you did during the makeover. Anything you can do ahead of time to prepare answers to potential questions and have paperwork ready will be important, as well as good business. Best of luck to you on your first flip – may it be the beginning of a lucrative career!

Removing The Mystery Of Investing

Removing The Mystery Of InvestingInvesting in real estate can be a hard investment to break into properly without a fair amount of research into the market itself. That being said, the time spent educating yourself on the current and past trends, as well as real estate comps, will surely be time well spent. Real estate has consistently shown itself to be one of the most stable and profitable of ventures available to the average investor. Initially there is a lot of guesswork involved with the process of investing in real estate. These include such things as where to invest, should you flip or be a landlord, and how to go about the financing that will undoubtedly ensue?  InvestorCompsOnline helps you to take the mystery out of the where, the should I, and the how much.

The best way to pursue this endeavor is to systematically remove the guesswork and replace it with solid facts and informed decisions. The first question is where should you invest? In real estate, there is little that is more important than location. Making sure that you pick a property in a decent area helps you tremendously in the long run.

Now comes one of the big questions. Will you flip the property or do you have what it takes to be a landlord? This decision will factor largely into the kind of property you choose. Flipping real estate can bring in a nice profit quickly if you are willing to spend some money on renovations or upgrades. On the other hand, being a landlord can bring in a secure monthly income and add to your equity. The choice is yours to make, my friend.

New Flips

New FlipsMost people feel that as a beginner – they just aren’t ready to invest in real estate. They think,  I don’t want to get stuck with property or loans I can’t get out of. The simple fact is, when structured properly, real estate investing, even if you’re just beginning, is a very safe investment alternative.

Let’s first see what a real estate investor really is. There are a number of ways to make money as a real estate investor, you can buy properties, fix them up and sell them (very risky). You can buy a property, list it with a real estate agent and hope to sell it at a profit (again, very risky). Or, you can obtain control of a property for a few dollars then market the property to sell it within a few days (virtually no risk at all). This third method, called house flipping, is what I recommend all beginning real estate investors choose.

The key to flipping real estate is to get in and out quickly. Using good real estate comps in these cases keeps you from selling the property for less then market value. Remember, you’re trying to make a profit and keep the whole process risk-free, so you will have to plan accordingly.

Your goal, then, as a house flipper, is to find under-valued properties, put them under contract, then market them as aggressively as possible. You want to sell the property within days if possible. Remember, you don’t get paid until the property is sold, so just holding onto a property with the hope that you will make an extra few dollars is the wrong attitude. Flipping this way is virtually risk free, because you are not actually buying the property, you are simply putting it under contract. If you are unable to sell it within a reasonable amount of time, you simply walk away – with no further liability.

Hopefully, these ideas will help motivate you to step out into the world of real estate investments and flipping properties. InvestorCompsOnline is here to assist you with that endeavor…join us today!

Monthly Archives: April 2016

The Skills To Win

The Skills To WinSuccess in real estate investing is all about knowing what to buy and how you approach the deal (hint, solid real estate comps make this work in your favor). Let’s look at three skills that you might want to develop to be more successful in your real estate investing business.

First, interpersonal skills are important in real estate negotiations. What makes or breaks a deal is usually whether you have good people skills and are able to make the other party trust you. Spend time establishing rapport when you meet prospective sellers and then applying the win-win formula so that they feel the value in doing a transaction with you and maybe recommend their friends to sell property to you in the future.

Secondly, you need to be able to do simple math and analyze the potential profit of the property that you are interested in. Spending time analyzing your buying price relative to similar units in the area is important and buying it at an under value is always good. We all know the profit is made when you buy! Alternatively, when buying properties that you want to improve, always factor the sums on how much the repairs and renovation will cost and if you are new to the fix and flip real estate sphere, bring your contractor along for the inspection.

Thirdly, real estate bargain hunting requires persistence. You might have to look at hundreds of properties before you find a property that you think can yield good rental returns and is suitable for you to buy. Remember that similarly, not all foreclosure and auction sites represent bargains. Make an appointment to go down to the property and physically examine it to be sure that it meets your requirements. Staying consistent in your search for the right real estate investment is thus key to making a good real estate acquisition.

In conclusion, take some time to examine whether you have the three skill-sets mentioned above and then take massive action to start looking for your next real estate bargain. Believe in yourself today and focus on achieving your real estate investment goals. Carpe Diem!

The Right Team

The Right TeamContractors, like great real estate comps, are a valuable part of a flip. As  investors, we know this is a no brainer. The goal is that you find the right mix for your personality. Renovating and rehabbing houses can be tricky at best, yet our best deals come from the ugliest of houses, so we need to crack the contractor code. Take a look at this tip and see if you can benefit from the information.

You never want to hand over a property to a contractor who will then get lackadaisical and forget the promises they made to you. While securing the bid, they promise the moon. They say they will get right on your job. Even putting it in writing offers no immediate protection. Remember you are juggling hard money loans, and your working capital, as well as the monthly note.

What I  have found is that they secure another 4-5 jobs and then try to juggle all those balls in the air at once. Well they drop the balls. Contractors (not all now, but most) will put you on the back burner getting to you when they have time on their schedule, not yours.

A great tactic to try with a new contractor is this, I only give a contractor one small job to see if they can prove themselves. If they can, I give them more of the job to rehab. This is needed for them to work for me, if they can show up on time, do quality craftsmanship, within the budget we negotiated, and complete the small job when they say they can, I will continue to give them  other jobs.

Once you have a good working relationship with a contractor, I encourage you to stick together. The knowledge that you can hand a project over and have confidence that it will be done properly is immeasurable.

Start The Selling Process

Start The Selling ProcessThe real estate comps have been utilized. All of the work is all done. You have purchased a house, renovated it, fixed all of the issues, and now it’s ready to sell. But where do you start? What’s the next step to get this property sold and move on to the next?

One of the first things to do is write your copy. You will want to highlight all of the things in the home that build value. If you are tailoring your sales to a particular market, be sure to include those specific things that will appeal to that market. For instance, if you are marketing to people who have children, a large fenced-in backyard or a good school system may be your focal point.

You will definitely want to have an idea of what the house is worth when you prepare your listing. Using InvestorCompsOnline to assess the value will prevent you from overshooting the value in an effort to make a maximum profit, but you also don’t want to undervalue the house to move it quickly, either. This leads to my next point.

If you do not have a real estate background, partnering with a listing agent is essential. That real estate professional can help you figure out the right niche to market to if you are not sure, and he or she can also be a huge help in determining the right sale price, because he or she is the expert on the market you are looking to sell in.

It helps to have all of your paperwork lined up and ready so that any prospective buyer can get a quick glimpse into what all you did in order to make the house better. This also means providing all of your permits so that the buyer and all of the necessary agencies know that the work was done properly. That honesty will go a long way for you, now and in the future.

Ultimately, you want everything to work so that your buyer is ready to move quickly. Showcase the home properly, and don’t be shy about what you did during the makeover. Anything you can do ahead of time to prepare answers to potential questions and have paperwork ready will be important, as well as good business. Best of luck to you on your first flip – may it be the beginning of a lucrative career!

Removing The Mystery Of Investing

Removing The Mystery Of InvestingInvesting in real estate can be a hard investment to break into properly without a fair amount of research into the market itself. That being said, the time spent educating yourself on the current and past trends, as well as real estate comps, will surely be time well spent. Real estate has consistently shown itself to be one of the most stable and profitable of ventures available to the average investor. Initially there is a lot of guesswork involved with the process of investing in real estate. These include such things as where to invest, should you flip or be a landlord, and how to go about the financing that will undoubtedly ensue?  InvestorCompsOnline helps you to take the mystery out of the where, the should I, and the how much.

The best way to pursue this endeavor is to systematically remove the guesswork and replace it with solid facts and informed decisions. The first question is where should you invest? In real estate, there is little that is more important than location. Making sure that you pick a property in a decent area helps you tremendously in the long run.

Now comes one of the big questions. Will you flip the property or do you have what it takes to be a landlord? This decision will factor largely into the kind of property you choose. Flipping real estate can bring in a nice profit quickly if you are willing to spend some money on renovations or upgrades. On the other hand, being a landlord can bring in a secure monthly income and add to your equity. The choice is yours to make, my friend.

New Flips

New FlipsMost people feel that as a beginner – they just aren’t ready to invest in real estate. They think,  I don’t want to get stuck with property or loans I can’t get out of. The simple fact is, when structured properly, real estate investing, even if you’re just beginning, is a very safe investment alternative.

Let’s first see what a real estate investor really is. There are a number of ways to make money as a real estate investor, you can buy properties, fix them up and sell them (very risky). You can buy a property, list it with a real estate agent and hope to sell it at a profit (again, very risky). Or, you can obtain control of a property for a few dollars then market the property to sell it within a few days (virtually no risk at all). This third method, called house flipping, is what I recommend all beginning real estate investors choose.

The key to flipping real estate is to get in and out quickly. Using good real estate comps in these cases keeps you from selling the property for less then market value. Remember, you’re trying to make a profit and keep the whole process risk-free, so you will have to plan accordingly.

Your goal, then, as a house flipper, is to find under-valued properties, put them under contract, then market them as aggressively as possible. You want to sell the property within days if possible. Remember, you don’t get paid until the property is sold, so just holding onto a property with the hope that you will make an extra few dollars is the wrong attitude. Flipping this way is virtually risk free, because you are not actually buying the property, you are simply putting it under contract. If you are unable to sell it within a reasonable amount of time, you simply walk away – with no further liability.

Hopefully, these ideas will help motivate you to step out into the world of real estate investments and flipping properties. InvestorCompsOnline is here to assist you with that endeavor…join us today!

Monthly Archives: April 2016

The Skills To Win

The Skills To WinSuccess in real estate investing is all about knowing what to buy and how you approach the deal (hint, solid real estate comps make this work in your favor). Let’s look at three skills that you might want to develop to be more successful in your real estate investing business.

First, interpersonal skills are important in real estate negotiations. What makes or breaks a deal is usually whether you have good people skills and are able to make the other party trust you. Spend time establishing rapport when you meet prospective sellers and then applying the win-win formula so that they feel the value in doing a transaction with you and maybe recommend their friends to sell property to you in the future.

Secondly, you need to be able to do simple math and analyze the potential profit of the property that you are interested in. Spending time analyzing your buying price relative to similar units in the area is important and buying it at an under value is always good. We all know the profit is made when you buy! Alternatively, when buying properties that you want to improve, always factor the sums on how much the repairs and renovation will cost and if you are new to the fix and flip real estate sphere, bring your contractor along for the inspection.

Thirdly, real estate bargain hunting requires persistence. You might have to look at hundreds of properties before you find a property that you think can yield good rental returns and is suitable for you to buy. Remember that similarly, not all foreclosure and auction sites represent bargains. Make an appointment to go down to the property and physically examine it to be sure that it meets your requirements. Staying consistent in your search for the right real estate investment is thus key to making a good real estate acquisition.

In conclusion, take some time to examine whether you have the three skill-sets mentioned above and then take massive action to start looking for your next real estate bargain. Believe in yourself today and focus on achieving your real estate investment goals. Carpe Diem!

The Right Team

The Right TeamContractors, like great real estate comps, are a valuable part of a flip. As  investors, we know this is a no brainer. The goal is that you find the right mix for your personality. Renovating and rehabbing houses can be tricky at best, yet our best deals come from the ugliest of houses, so we need to crack the contractor code. Take a look at this tip and see if you can benefit from the information.

You never want to hand over a property to a contractor who will then get lackadaisical and forget the promises they made to you. While securing the bid, they promise the moon. They say they will get right on your job. Even putting it in writing offers no immediate protection. Remember you are juggling hard money loans, and your working capital, as well as the monthly note.

What I  have found is that they secure another 4-5 jobs and then try to juggle all those balls in the air at once. Well they drop the balls. Contractors (not all now, but most) will put you on the back burner getting to you when they have time on their schedule, not yours.

A great tactic to try with a new contractor is this, I only give a contractor one small job to see if they can prove themselves. If they can, I give them more of the job to rehab. This is needed for them to work for me, if they can show up on time, do quality craftsmanship, within the budget we negotiated, and complete the small job when they say they can, I will continue to give them  other jobs.

Once you have a good working relationship with a contractor, I encourage you to stick together. The knowledge that you can hand a project over and have confidence that it will be done properly is immeasurable.

Start The Selling Process

Start The Selling ProcessThe real estate comps have been utilized. All of the work is all done. You have purchased a house, renovated it, fixed all of the issues, and now it’s ready to sell. But where do you start? What’s the next step to get this property sold and move on to the next?

One of the first things to do is write your copy. You will want to highlight all of the things in the home that build value. If you are tailoring your sales to a particular market, be sure to include those specific things that will appeal to that market. For instance, if you are marketing to people who have children, a large fenced-in backyard or a good school system may be your focal point.

You will definitely want to have an idea of what the house is worth when you prepare your listing. Using InvestorCompsOnline to assess the value will prevent you from overshooting the value in an effort to make a maximum profit, but you also don’t want to undervalue the house to move it quickly, either. This leads to my next point.

If you do not have a real estate background, partnering with a listing agent is essential. That real estate professional can help you figure out the right niche to market to if you are not sure, and he or she can also be a huge help in determining the right sale price, because he or she is the expert on the market you are looking to sell in.

It helps to have all of your paperwork lined up and ready so that any prospective buyer can get a quick glimpse into what all you did in order to make the house better. This also means providing all of your permits so that the buyer and all of the necessary agencies know that the work was done properly. That honesty will go a long way for you, now and in the future.

Ultimately, you want everything to work so that your buyer is ready to move quickly. Showcase the home properly, and don’t be shy about what you did during the makeover. Anything you can do ahead of time to prepare answers to potential questions and have paperwork ready will be important, as well as good business. Best of luck to you on your first flip – may it be the beginning of a lucrative career!

Removing The Mystery Of Investing

Removing The Mystery Of InvestingInvesting in real estate can be a hard investment to break into properly without a fair amount of research into the market itself. That being said, the time spent educating yourself on the current and past trends, as well as real estate comps, will surely be time well spent. Real estate has consistently shown itself to be one of the most stable and profitable of ventures available to the average investor. Initially there is a lot of guesswork involved with the process of investing in real estate. These include such things as where to invest, should you flip or be a landlord, and how to go about the financing that will undoubtedly ensue?  InvestorCompsOnline helps you to take the mystery out of the where, the should I, and the how much.

The best way to pursue this endeavor is to systematically remove the guesswork and replace it with solid facts and informed decisions. The first question is where should you invest? In real estate, there is little that is more important than location. Making sure that you pick a property in a decent area helps you tremendously in the long run.

Now comes one of the big questions. Will you flip the property or do you have what it takes to be a landlord? This decision will factor largely into the kind of property you choose. Flipping real estate can bring in a nice profit quickly if you are willing to spend some money on renovations or upgrades. On the other hand, being a landlord can bring in a secure monthly income and add to your equity. The choice is yours to make, my friend.

New Flips

New FlipsMost people feel that as a beginner – they just aren’t ready to invest in real estate. They think,  I don’t want to get stuck with property or loans I can’t get out of. The simple fact is, when structured properly, real estate investing, even if you’re just beginning, is a very safe investment alternative.

Let’s first see what a real estate investor really is. There are a number of ways to make money as a real estate investor, you can buy properties, fix them up and sell them (very risky). You can buy a property, list it with a real estate agent and hope to sell it at a profit (again, very risky). Or, you can obtain control of a property for a few dollars then market the property to sell it within a few days (virtually no risk at all). This third method, called house flipping, is what I recommend all beginning real estate investors choose.

The key to flipping real estate is to get in and out quickly. Using good real estate comps in these cases keeps you from selling the property for less then market value. Remember, you’re trying to make a profit and keep the whole process risk-free, so you will have to plan accordingly.

Your goal, then, as a house flipper, is to find under-valued properties, put them under contract, then market them as aggressively as possible. You want to sell the property within days if possible. Remember, you don’t get paid until the property is sold, so just holding onto a property with the hope that you will make an extra few dollars is the wrong attitude. Flipping this way is virtually risk free, because you are not actually buying the property, you are simply putting it under contract. If you are unable to sell it within a reasonable amount of time, you simply walk away – with no further liability.

Hopefully, these ideas will help motivate you to step out into the world of real estate investments and flipping properties. InvestorCompsOnline is here to assist you with that endeavor…join us today!

Monthly Archives: April 2016

The Skills To Win

The Skills To WinSuccess in real estate investing is all about knowing what to buy and how you approach the deal (hint, solid real estate comps make this work in your favor). Let’s look at three skills that you might want to develop to be more successful in your real estate investing business.

First, interpersonal skills are important in real estate negotiations. What makes or breaks a deal is usually whether you have good people skills and are able to make the other party trust you. Spend time establishing rapport when you meet prospective sellers and then applying the win-win formula so that they feel the value in doing a transaction with you and maybe recommend their friends to sell property to you in the future.

Secondly, you need to be able to do simple math and analyze the potential profit of the property that you are interested in. Spending time analyzing your buying price relative to similar units in the area is important and buying it at an under value is always good. We all know the profit is made when you buy! Alternatively, when buying properties that you want to improve, always factor the sums on how much the repairs and renovation will cost and if you are new to the fix and flip real estate sphere, bring your contractor along for the inspection.

Thirdly, real estate bargain hunting requires persistence. You might have to look at hundreds of properties before you find a property that you think can yield good rental returns and is suitable for you to buy. Remember that similarly, not all foreclosure and auction sites represent bargains. Make an appointment to go down to the property and physically examine it to be sure that it meets your requirements. Staying consistent in your search for the right real estate investment is thus key to making a good real estate acquisition.

In conclusion, take some time to examine whether you have the three skill-sets mentioned above and then take massive action to start looking for your next real estate bargain. Believe in yourself today and focus on achieving your real estate investment goals. Carpe Diem!

The Right Team

The Right TeamContractors, like great real estate comps, are a valuable part of a flip. As  investors, we know this is a no brainer. The goal is that you find the right mix for your personality. Renovating and rehabbing houses can be tricky at best, yet our best deals come from the ugliest of houses, so we need to crack the contractor code. Take a look at this tip and see if you can benefit from the information.

You never want to hand over a property to a contractor who will then get lackadaisical and forget the promises they made to you. While securing the bid, they promise the moon. They say they will get right on your job. Even putting it in writing offers no immediate protection. Remember you are juggling hard money loans, and your working capital, as well as the monthly note.

What I  have found is that they secure another 4-5 jobs and then try to juggle all those balls in the air at once. Well they drop the balls. Contractors (not all now, but most) will put you on the back burner getting to you when they have time on their schedule, not yours.

A great tactic to try with a new contractor is this, I only give a contractor one small job to see if they can prove themselves. If they can, I give them more of the job to rehab. This is needed for them to work for me, if they can show up on time, do quality craftsmanship, within the budget we negotiated, and complete the small job when they say they can, I will continue to give them  other jobs.

Once you have a good working relationship with a contractor, I encourage you to stick together. The knowledge that you can hand a project over and have confidence that it will be done properly is immeasurable.

Start The Selling Process

Start The Selling ProcessThe real estate comps have been utilized. All of the work is all done. You have purchased a house, renovated it, fixed all of the issues, and now it’s ready to sell. But where do you start? What’s the next step to get this property sold and move on to the next?

One of the first things to do is write your copy. You will want to highlight all of the things in the home that build value. If you are tailoring your sales to a particular market, be sure to include those specific things that will appeal to that market. For instance, if you are marketing to people who have children, a large fenced-in backyard or a good school system may be your focal point.

You will definitely want to have an idea of what the house is worth when you prepare your listing. Using InvestorCompsOnline to assess the value will prevent you from overshooting the value in an effort to make a maximum profit, but you also don’t want to undervalue the house to move it quickly, either. This leads to my next point.

If you do not have a real estate background, partnering with a listing agent is essential. That real estate professional can help you figure out the right niche to market to if you are not sure, and he or she can also be a huge help in determining the right sale price, because he or she is the expert on the market you are looking to sell in.

It helps to have all of your paperwork lined up and ready so that any prospective buyer can get a quick glimpse into what all you did in order to make the house better. This also means providing all of your permits so that the buyer and all of the necessary agencies know that the work was done properly. That honesty will go a long way for you, now and in the future.

Ultimately, you want everything to work so that your buyer is ready to move quickly. Showcase the home properly, and don’t be shy about what you did during the makeover. Anything you can do ahead of time to prepare answers to potential questions and have paperwork ready will be important, as well as good business. Best of luck to you on your first flip – may it be the beginning of a lucrative career!

Removing The Mystery Of Investing

Removing The Mystery Of InvestingInvesting in real estate can be a hard investment to break into properly without a fair amount of research into the market itself. That being said, the time spent educating yourself on the current and past trends, as well as real estate comps, will surely be time well spent. Real estate has consistently shown itself to be one of the most stable and profitable of ventures available to the average investor. Initially there is a lot of guesswork involved with the process of investing in real estate. These include such things as where to invest, should you flip or be a landlord, and how to go about the financing that will undoubtedly ensue?  InvestorCompsOnline helps you to take the mystery out of the where, the should I, and the how much.

The best way to pursue this endeavor is to systematically remove the guesswork and replace it with solid facts and informed decisions. The first question is where should you invest? In real estate, there is little that is more important than location. Making sure that you pick a property in a decent area helps you tremendously in the long run.

Now comes one of the big questions. Will you flip the property or do you have what it takes to be a landlord? This decision will factor largely into the kind of property you choose. Flipping real estate can bring in a nice profit quickly if you are willing to spend some money on renovations or upgrades. On the other hand, being a landlord can bring in a secure monthly income and add to your equity. The choice is yours to make, my friend.

New Flips

New FlipsMost people feel that as a beginner – they just aren’t ready to invest in real estate. They think,  I don’t want to get stuck with property or loans I can’t get out of. The simple fact is, when structured properly, real estate investing, even if you’re just beginning, is a very safe investment alternative.

Let’s first see what a real estate investor really is. There are a number of ways to make money as a real estate investor, you can buy properties, fix them up and sell them (very risky). You can buy a property, list it with a real estate agent and hope to sell it at a profit (again, very risky). Or, you can obtain control of a property for a few dollars then market the property to sell it within a few days (virtually no risk at all). This third method, called house flipping, is what I recommend all beginning real estate investors choose.

The key to flipping real estate is to get in and out quickly. Using good real estate comps in these cases keeps you from selling the property for less then market value. Remember, you’re trying to make a profit and keep the whole process risk-free, so you will have to plan accordingly.

Your goal, then, as a house flipper, is to find under-valued properties, put them under contract, then market them as aggressively as possible. You want to sell the property within days if possible. Remember, you don’t get paid until the property is sold, so just holding onto a property with the hope that you will make an extra few dollars is the wrong attitude. Flipping this way is virtually risk free, because you are not actually buying the property, you are simply putting it under contract. If you are unable to sell it within a reasonable amount of time, you simply walk away – with no further liability.

Hopefully, these ideas will help motivate you to step out into the world of real estate investments and flipping properties. InvestorCompsOnline is here to assist you with that endeavor…join us today!

Monthly Archives: April 2016

The Skills To Win

The Skills To WinSuccess in real estate investing is all about knowing what to buy and how you approach the deal (hint, solid real estate comps make this work in your favor). Let’s look at three skills that you might want to develop to be more successful in your real estate investing business.

First, interpersonal skills are important in real estate negotiations. What makes or breaks a deal is usually whether you have good people skills and are able to make the other party trust you. Spend time establishing rapport when you meet prospective sellers and then applying the win-win formula so that they feel the value in doing a transaction with you and maybe recommend their friends to sell property to you in the future.

Secondly, you need to be able to do simple math and analyze the potential profit of the property that you are interested in. Spending time analyzing your buying price relative to similar units in the area is important and buying it at an under value is always good. We all know the profit is made when you buy! Alternatively, when buying properties that you want to improve, always factor the sums on how much the repairs and renovation will cost and if you are new to the fix and flip real estate sphere, bring your contractor along for the inspection.

Thirdly, real estate bargain hunting requires persistence. You might have to look at hundreds of properties before you find a property that you think can yield good rental returns and is suitable for you to buy. Remember that similarly, not all foreclosure and auction sites represent bargains. Make an appointment to go down to the property and physically examine it to be sure that it meets your requirements. Staying consistent in your search for the right real estate investment is thus key to making a good real estate acquisition.

In conclusion, take some time to examine whether you have the three skill-sets mentioned above and then take massive action to start looking for your next real estate bargain. Believe in yourself today and focus on achieving your real estate investment goals. Carpe Diem!

The Right Team

The Right TeamContractors, like great real estate comps, are a valuable part of a flip. As  investors, we know this is a no brainer. The goal is that you find the right mix for your personality. Renovating and rehabbing houses can be tricky at best, yet our best deals come from the ugliest of houses, so we need to crack the contractor code. Take a look at this tip and see if you can benefit from the information.

You never want to hand over a property to a contractor who will then get lackadaisical and forget the promises they made to you. While securing the bid, they promise the moon. They say they will get right on your job. Even putting it in writing offers no immediate protection. Remember you are juggling hard money loans, and your working capital, as well as the monthly note.

What I  have found is that they secure another 4-5 jobs and then try to juggle all those balls in the air at once. Well they drop the balls. Contractors (not all now, but most) will put you on the back burner getting to you when they have time on their schedule, not yours.

A great tactic to try with a new contractor is this, I only give a contractor one small job to see if they can prove themselves. If they can, I give them more of the job to rehab. This is needed for them to work for me, if they can show up on time, do quality craftsmanship, within the budget we negotiated, and complete the small job when they say they can, I will continue to give them  other jobs.

Once you have a good working relationship with a contractor, I encourage you to stick together. The knowledge that you can hand a project over and have confidence that it will be done properly is immeasurable.

Start The Selling Process

Start The Selling ProcessThe real estate comps have been utilized. All of the work is all done. You have purchased a house, renovated it, fixed all of the issues, and now it’s ready to sell. But where do you start? What’s the next step to get this property sold and move on to the next?

One of the first things to do is write your copy. You will want to highlight all of the things in the home that build value. If you are tailoring your sales to a particular market, be sure to include those specific things that will appeal to that market. For instance, if you are marketing to people who have children, a large fenced-in backyard or a good school system may be your focal point.

You will definitely want to have an idea of what the house is worth when you prepare your listing. Using InvestorCompsOnline to assess the value will prevent you from overshooting the value in an effort to make a maximum profit, but you also don’t want to undervalue the house to move it quickly, either. This leads to my next point.

If you do not have a real estate background, partnering with a listing agent is essential. That real estate professional can help you figure out the right niche to market to if you are not sure, and he or she can also be a huge help in determining the right sale price, because he or she is the expert on the market you are looking to sell in.

It helps to have all of your paperwork lined up and ready so that any prospective buyer can get a quick glimpse into what all you did in order to make the house better. This also means providing all of your permits so that the buyer and all of the necessary agencies know that the work was done properly. That honesty will go a long way for you, now and in the future.

Ultimately, you want everything to work so that your buyer is ready to move quickly. Showcase the home properly, and don’t be shy about what you did during the makeover. Anything you can do ahead of time to prepare answers to potential questions and have paperwork ready will be important, as well as good business. Best of luck to you on your first flip – may it be the beginning of a lucrative career!

Removing The Mystery Of Investing

Removing The Mystery Of InvestingInvesting in real estate can be a hard investment to break into properly without a fair amount of research into the market itself. That being said, the time spent educating yourself on the current and past trends, as well as real estate comps, will surely be time well spent. Real estate has consistently shown itself to be one of the most stable and profitable of ventures available to the average investor. Initially there is a lot of guesswork involved with the process of investing in real estate. These include such things as where to invest, should you flip or be a landlord, and how to go about the financing that will undoubtedly ensue?  InvestorCompsOnline helps you to take the mystery out of the where, the should I, and the how much.

The best way to pursue this endeavor is to systematically remove the guesswork and replace it with solid facts and informed decisions. The first question is where should you invest? In real estate, there is little that is more important than location. Making sure that you pick a property in a decent area helps you tremendously in the long run.

Now comes one of the big questions. Will you flip the property or do you have what it takes to be a landlord? This decision will factor largely into the kind of property you choose. Flipping real estate can bring in a nice profit quickly if you are willing to spend some money on renovations or upgrades. On the other hand, being a landlord can bring in a secure monthly income and add to your equity. The choice is yours to make, my friend.

New Flips

New FlipsMost people feel that as a beginner – they just aren’t ready to invest in real estate. They think,  I don’t want to get stuck with property or loans I can’t get out of. The simple fact is, when structured properly, real estate investing, even if you’re just beginning, is a very safe investment alternative.

Let’s first see what a real estate investor really is. There are a number of ways to make money as a real estate investor, you can buy properties, fix them up and sell them (very risky). You can buy a property, list it with a real estate agent and hope to sell it at a profit (again, very risky). Or, you can obtain control of a property for a few dollars then market the property to sell it within a few days (virtually no risk at all). This third method, called house flipping, is what I recommend all beginning real estate investors choose.

The key to flipping real estate is to get in and out quickly. Using good real estate comps in these cases keeps you from selling the property for less then market value. Remember, you’re trying to make a profit and keep the whole process risk-free, so you will have to plan accordingly.

Your goal, then, as a house flipper, is to find under-valued properties, put them under contract, then market them as aggressively as possible. You want to sell the property within days if possible. Remember, you don’t get paid until the property is sold, so just holding onto a property with the hope that you will make an extra few dollars is the wrong attitude. Flipping this way is virtually risk free, because you are not actually buying the property, you are simply putting it under contract. If you are unable to sell it within a reasonable amount of time, you simply walk away – with no further liability.

Hopefully, these ideas will help motivate you to step out into the world of real estate investments and flipping properties. InvestorCompsOnline is here to assist you with that endeavor…join us today!

Monthly Archives: April 2016

The Skills To Win

The Skills To WinSuccess in real estate investing is all about knowing what to buy and how you approach the deal (hint, solid real estate comps make this work in your favor). Let’s look at three skills that you might want to develop to be more successful in your real estate investing business.

First, interpersonal skills are important in real estate negotiations. What makes or breaks a deal is usually whether you have good people skills and are able to make the other party trust you. Spend time establishing rapport when you meet prospective sellers and then applying the win-win formula so that they feel the value in doing a transaction with you and maybe recommend their friends to sell property to you in the future.

Secondly, you need to be able to do simple math and analyze the potential profit of the property that you are interested in. Spending time analyzing your buying price relative to similar units in the area is important and buying it at an under value is always good. We all know the profit is made when you buy! Alternatively, when buying properties that you want to improve, always factor the sums on how much the repairs and renovation will cost and if you are new to the fix and flip real estate sphere, bring your contractor along for the inspection.

Thirdly, real estate bargain hunting requires persistence. You might have to look at hundreds of properties before you find a property that you think can yield good rental returns and is suitable for you to buy. Remember that similarly, not all foreclosure and auction sites represent bargains. Make an appointment to go down to the property and physically examine it to be sure that it meets your requirements. Staying consistent in your search for the right real estate investment is thus key to making a good real estate acquisition.

In conclusion, take some time to examine whether you have the three skill-sets mentioned above and then take massive action to start looking for your next real estate bargain. Believe in yourself today and focus on achieving your real estate investment goals. Carpe Diem!

The Right Team

The Right TeamContractors, like great real estate comps, are a valuable part of a flip. As  investors, we know this is a no brainer. The goal is that you find the right mix for your personality. Renovating and rehabbing houses can be tricky at best, yet our best deals come from the ugliest of houses, so we need to crack the contractor code. Take a look at this tip and see if you can benefit from the information.

You never want to hand over a property to a contractor who will then get lackadaisical and forget the promises they made to you. While securing the bid, they promise the moon. They say they will get right on your job. Even putting it in writing offers no immediate protection. Remember you are juggling hard money loans, and your working capital, as well as the monthly note.

What I  have found is that they secure another 4-5 jobs and then try to juggle all those balls in the air at once. Well they drop the balls. Contractors (not all now, but most) will put you on the back burner getting to you when they have time on their schedule, not yours.

A great tactic to try with a new contractor is this, I only give a contractor one small job to see if they can prove themselves. If they can, I give them more of the job to rehab. This is needed for them to work for me, if they can show up on time, do quality craftsmanship, within the budget we negotiated, and complete the small job when they say they can, I will continue to give them  other jobs.

Once you have a good working relationship with a contractor, I encourage you to stick together. The knowledge that you can hand a project over and have confidence that it will be done properly is immeasurable.

Start The Selling Process

Start The Selling ProcessThe real estate comps have been utilized. All of the work is all done. You have purchased a house, renovated it, fixed all of the issues, and now it’s ready to sell. But where do you start? What’s the next step to get this property sold and move on to the next?

One of the first things to do is write your copy. You will want to highlight all of the things in the home that build value. If you are tailoring your sales to a particular market, be sure to include those specific things that will appeal to that market. For instance, if you are marketing to people who have children, a large fenced-in backyard or a good school system may be your focal point.

You will definitely want to have an idea of what the house is worth when you prepare your listing. Using InvestorCompsOnline to assess the value will prevent you from overshooting the value in an effort to make a maximum profit, but you also don’t want to undervalue the house to move it quickly, either. This leads to my next point.

If you do not have a real estate background, partnering with a listing agent is essential. That real estate professional can help you figure out the right niche to market to if you are not sure, and he or she can also be a huge help in determining the right sale price, because he or she is the expert on the market you are looking to sell in.

It helps to have all of your paperwork lined up and ready so that any prospective buyer can get a quick glimpse into what all you did in order to make the house better. This also means providing all of your permits so that the buyer and all of the necessary agencies know that the work was done properly. That honesty will go a long way for you, now and in the future.

Ultimately, you want everything to work so that your buyer is ready to move quickly. Showcase the home properly, and don’t be shy about what you did during the makeover. Anything you can do ahead of time to prepare answers to potential questions and have paperwork ready will be important, as well as good business. Best of luck to you on your first flip – may it be the beginning of a lucrative career!

Removing The Mystery Of Investing

Removing The Mystery Of InvestingInvesting in real estate can be a hard investment to break into properly without a fair amount of research into the market itself. That being said, the time spent educating yourself on the current and past trends, as well as real estate comps, will surely be time well spent. Real estate has consistently shown itself to be one of the most stable and profitable of ventures available to the average investor. Initially there is a lot of guesswork involved with the process of investing in real estate. These include such things as where to invest, should you flip or be a landlord, and how to go about the financing that will undoubtedly ensue?  InvestorCompsOnline helps you to take the mystery out of the where, the should I, and the how much.

The best way to pursue this endeavor is to systematically remove the guesswork and replace it with solid facts and informed decisions. The first question is where should you invest? In real estate, there is little that is more important than location. Making sure that you pick a property in a decent area helps you tremendously in the long run.

Now comes one of the big questions. Will you flip the property or do you have what it takes to be a landlord? This decision will factor largely into the kind of property you choose. Flipping real estate can bring in a nice profit quickly if you are willing to spend some money on renovations or upgrades. On the other hand, being a landlord can bring in a secure monthly income and add to your equity. The choice is yours to make, my friend.

New Flips

New FlipsMost people feel that as a beginner – they just aren’t ready to invest in real estate. They think,  I don’t want to get stuck with property or loans I can’t get out of. The simple fact is, when structured properly, real estate investing, even if you’re just beginning, is a very safe investment alternative.

Let’s first see what a real estate investor really is. There are a number of ways to make money as a real estate investor, you can buy properties, fix them up and sell them (very risky). You can buy a property, list it with a real estate agent and hope to sell it at a profit (again, very risky). Or, you can obtain control of a property for a few dollars then market the property to sell it within a few days (virtually no risk at all). This third method, called house flipping, is what I recommend all beginning real estate investors choose.

The key to flipping real estate is to get in and out quickly. Using good real estate comps in these cases keeps you from selling the property for less then market value. Remember, you’re trying to make a profit and keep the whole process risk-free, so you will have to plan accordingly.

Your goal, then, as a house flipper, is to find under-valued properties, put them under contract, then market them as aggressively as possible. You want to sell the property within days if possible. Remember, you don’t get paid until the property is sold, so just holding onto a property with the hope that you will make an extra few dollars is the wrong attitude. Flipping this way is virtually risk free, because you are not actually buying the property, you are simply putting it under contract. If you are unable to sell it within a reasonable amount of time, you simply walk away – with no further liability.

Hopefully, these ideas will help motivate you to step out into the world of real estate investments and flipping properties. InvestorCompsOnline is here to assist you with that endeavor…join us today!

Monthly Archives: April 2016

The Skills To Win

The Skills To WinSuccess in real estate investing is all about knowing what to buy and how you approach the deal (hint, solid real estate comps make this work in your favor). Let’s look at three skills that you might want to develop to be more successful in your real estate investing business.

First, interpersonal skills are important in real estate negotiations. What makes or breaks a deal is usually whether you have good people skills and are able to make the other party trust you. Spend time establishing rapport when you meet prospective sellers and then applying the win-win formula so that they feel the value in doing a transaction with you and maybe recommend their friends to sell property to you in the future.

Secondly, you need to be able to do simple math and analyze the potential profit of the property that you are interested in. Spending time analyzing your buying price relative to similar units in the area is important and buying it at an under value is always good. We all know the profit is made when you buy! Alternatively, when buying properties that you want to improve, always factor the sums on how much the repairs and renovation will cost and if you are new to the fix and flip real estate sphere, bring your contractor along for the inspection.

Thirdly, real estate bargain hunting requires persistence. You might have to look at hundreds of properties before you find a property that you think can yield good rental returns and is suitable for you to buy. Remember that similarly, not all foreclosure and auction sites represent bargains. Make an appointment to go down to the property and physically examine it to be sure that it meets your requirements. Staying consistent in your search for the right real estate investment is thus key to making a good real estate acquisition.

In conclusion, take some time to examine whether you have the three skill-sets mentioned above and then take massive action to start looking for your next real estate bargain. Believe in yourself today and focus on achieving your real estate investment goals. Carpe Diem!

The Right Team

The Right TeamContractors, like great real estate comps, are a valuable part of a flip. As  investors, we know this is a no brainer. The goal is that you find the right mix for your personality. Renovating and rehabbing houses can be tricky at best, yet our best deals come from the ugliest of houses, so we need to crack the contractor code. Take a look at this tip and see if you can benefit from the information.

You never want to hand over a property to a contractor who will then get lackadaisical and forget the promises they made to you. While securing the bid, they promise the moon. They say they will get right on your job. Even putting it in writing offers no immediate protection. Remember you are juggling hard money loans, and your working capital, as well as the monthly note.

What I  have found is that they secure another 4-5 jobs and then try to juggle all those balls in the air at once. Well they drop the balls. Contractors (not all now, but most) will put you on the back burner getting to you when they have time on their schedule, not yours.

A great tactic to try with a new contractor is this, I only give a contractor one small job to see if they can prove themselves. If they can, I give them more of the job to rehab. This is needed for them to work for me, if they can show up on time, do quality craftsmanship, within the budget we negotiated, and complete the small job when they say they can, I will continue to give them  other jobs.

Once you have a good working relationship with a contractor, I encourage you to stick together. The knowledge that you can hand a project over and have confidence that it will be done properly is immeasurable.

Start The Selling Process

Start The Selling ProcessThe real estate comps have been utilized. All of the work is all done. You have purchased a house, renovated it, fixed all of the issues, and now it’s ready to sell. But where do you start? What’s the next step to get this property sold and move on to the next?

One of the first things to do is write your copy. You will want to highlight all of the things in the home that build value. If you are tailoring your sales to a particular market, be sure to include those specific things that will appeal to that market. For instance, if you are marketing to people who have children, a large fenced-in backyard or a good school system may be your focal point.

You will definitely want to have an idea of what the house is worth when you prepare your listing. Using InvestorCompsOnline to assess the value will prevent you from overshooting the value in an effort to make a maximum profit, but you also don’t want to undervalue the house to move it quickly, either. This leads to my next point.

If you do not have a real estate background, partnering with a listing agent is essential. That real estate professional can help you figure out the right niche to market to if you are not sure, and he or she can also be a huge help in determining the right sale price, because he or she is the expert on the market you are looking to sell in.

It helps to have all of your paperwork lined up and ready so that any prospective buyer can get a quick glimpse into what all you did in order to make the house better. This also means providing all of your permits so that the buyer and all of the necessary agencies know that the work was done properly. That honesty will go a long way for you, now and in the future.

Ultimately, you want everything to work so that your buyer is ready to move quickly. Showcase the home properly, and don’t be shy about what you did during the makeover. Anything you can do ahead of time to prepare answers to potential questions and have paperwork ready will be important, as well as good business. Best of luck to you on your first flip – may it be the beginning of a lucrative career!

Removing The Mystery Of Investing

Removing The Mystery Of InvestingInvesting in real estate can be a hard investment to break into properly without a fair amount of research into the market itself. That being said, the time spent educating yourself on the current and past trends, as well as real estate comps, will surely be time well spent. Real estate has consistently shown itself to be one of the most stable and profitable of ventures available to the average investor. Initially there is a lot of guesswork involved with the process of investing in real estate. These include such things as where to invest, should you flip or be a landlord, and how to go about the financing that will undoubtedly ensue?  InvestorCompsOnline helps you to take the mystery out of the where, the should I, and the how much.

The best way to pursue this endeavor is to systematically remove the guesswork and replace it with solid facts and informed decisions. The first question is where should you invest? In real estate, there is little that is more important than location. Making sure that you pick a property in a decent area helps you tremendously in the long run.

Now comes one of the big questions. Will you flip the property or do you have what it takes to be a landlord? This decision will factor largely into the kind of property you choose. Flipping real estate can bring in a nice profit quickly if you are willing to spend some money on renovations or upgrades. On the other hand, being a landlord can bring in a secure monthly income and add to your equity. The choice is yours to make, my friend.

New Flips

New FlipsMost people feel that as a beginner – they just aren’t ready to invest in real estate. They think,  I don’t want to get stuck with property or loans I can’t get out of. The simple fact is, when structured properly, real estate investing, even if you’re just beginning, is a very safe investment alternative.

Let’s first see what a real estate investor really is. There are a number of ways to make money as a real estate investor, you can buy properties, fix them up and sell them (very risky). You can buy a property, list it with a real estate agent and hope to sell it at a profit (again, very risky). Or, you can obtain control of a property for a few dollars then market the property to sell it within a few days (virtually no risk at all). This third method, called house flipping, is what I recommend all beginning real estate investors choose.

The key to flipping real estate is to get in and out quickly. Using good real estate comps in these cases keeps you from selling the property for less then market value. Remember, you’re trying to make a profit and keep the whole process risk-free, so you will have to plan accordingly.

Your goal, then, as a house flipper, is to find under-valued properties, put them under contract, then market them as aggressively as possible. You want to sell the property within days if possible. Remember, you don’t get paid until the property is sold, so just holding onto a property with the hope that you will make an extra few dollars is the wrong attitude. Flipping this way is virtually risk free, because you are not actually buying the property, you are simply putting it under contract. If you are unable to sell it within a reasonable amount of time, you simply walk away – with no further liability.

Hopefully, these ideas will help motivate you to step out into the world of real estate investments and flipping properties. InvestorCompsOnline is here to assist you with that endeavor…join us today!

Monthly Archives: April 2016

The Skills To Win

The Skills To WinSuccess in real estate investing is all about knowing what to buy and how you approach the deal (hint, solid real estate comps make this work in your favor). Let’s look at three skills that you might want to develop to be more successful in your real estate investing business.

First, interpersonal skills are important in real estate negotiations. What makes or breaks a deal is usually whether you have good people skills and are able to make the other party trust you. Spend time establishing rapport when you meet prospective sellers and then applying the win-win formula so that they feel the value in doing a transaction with you and maybe recommend their friends to sell property to you in the future.

Secondly, you need to be able to do simple math and analyze the potential profit of the property that you are interested in. Spending time analyzing your buying price relative to similar units in the area is important and buying it at an under value is always good. We all know the profit is made when you buy! Alternatively, when buying properties that you want to improve, always factor the sums on how much the repairs and renovation will cost and if you are new to the fix and flip real estate sphere, bring your contractor along for the inspection.

Thirdly, real estate bargain hunting requires persistence. You might have to look at hundreds of properties before you find a property that you think can yield good rental returns and is suitable for you to buy. Remember that similarly, not all foreclosure and auction sites represent bargains. Make an appointment to go down to the property and physically examine it to be sure that it meets your requirements. Staying consistent in your search for the right real estate investment is thus key to making a good real estate acquisition.

In conclusion, take some time to examine whether you have the three skill-sets mentioned above and then take massive action to start looking for your next real estate bargain. Believe in yourself today and focus on achieving your real estate investment goals. Carpe Diem!

The Right Team

The Right TeamContractors, like great real estate comps, are a valuable part of a flip. As  investors, we know this is a no brainer. The goal is that you find the right mix for your personality. Renovating and rehabbing houses can be tricky at best, yet our best deals come from the ugliest of houses, so we need to crack the contractor code. Take a look at this tip and see if you can benefit from the information.

You never want to hand over a property to a contractor who will then get lackadaisical and forget the promises they made to you. While securing the bid, they promise the moon. They say they will get right on your job. Even putting it in writing offers no immediate protection. Remember you are juggling hard money loans, and your working capital, as well as the monthly note.

What I  have found is that they secure another 4-5 jobs and then try to juggle all those balls in the air at once. Well they drop the balls. Contractors (not all now, but most) will put you on the back burner getting to you when they have time on their schedule, not yours.

A great tactic to try with a new contractor is this, I only give a contractor one small job to see if they can prove themselves. If they can, I give them more of the job to rehab. This is needed for them to work for me, if they can show up on time, do quality craftsmanship, within the budget we negotiated, and complete the small job when they say they can, I will continue to give them  other jobs.

Once you have a good working relationship with a contractor, I encourage you to stick together. The knowledge that you can hand a project over and have confidence that it will be done properly is immeasurable.

Start The Selling Process

Start The Selling ProcessThe real estate comps have been utilized. All of the work is all done. You have purchased a house, renovated it, fixed all of the issues, and now it’s ready to sell. But where do you start? What’s the next step to get this property sold and move on to the next?

One of the first things to do is write your copy. You will want to highlight all of the things in the home that build value. If you are tailoring your sales to a particular market, be sure to include those specific things that will appeal to that market. For instance, if you are marketing to people who have children, a large fenced-in backyard or a good school system may be your focal point.

You will definitely want to have an idea of what the house is worth when you prepare your listing. Using InvestorCompsOnline to assess the value will prevent you from overshooting the value in an effort to make a maximum profit, but you also don’t want to undervalue the house to move it quickly, either. This leads to my next point.

If you do not have a real estate background, partnering with a listing agent is essential. That real estate professional can help you figure out the right niche to market to if you are not sure, and he or she can also be a huge help in determining the right sale price, because he or she is the expert on the market you are looking to sell in.

It helps to have all of your paperwork lined up and ready so that any prospective buyer can get a quick glimpse into what all you did in order to make the house better. This also means providing all of your permits so that the buyer and all of the necessary agencies know that the work was done properly. That honesty will go a long way for you, now and in the future.

Ultimately, you want everything to work so that your buyer is ready to move quickly. Showcase the home properly, and don’t be shy about what you did during the makeover. Anything you can do ahead of time to prepare answers to potential questions and have paperwork ready will be important, as well as good business. Best of luck to you on your first flip – may it be the beginning of a lucrative career!

Removing The Mystery Of Investing

Removing The Mystery Of InvestingInvesting in real estate can be a hard investment to break into properly without a fair amount of research into the market itself. That being said, the time spent educating yourself on the current and past trends, as well as real estate comps, will surely be time well spent. Real estate has consistently shown itself to be one of the most stable and profitable of ventures available to the average investor. Initially there is a lot of guesswork involved with the process of investing in real estate. These include such things as where to invest, should you flip or be a landlord, and how to go about the financing that will undoubtedly ensue?  InvestorCompsOnline helps you to take the mystery out of the where, the should I, and the how much.

The best way to pursue this endeavor is to systematically remove the guesswork and replace it with solid facts and informed decisions. The first question is where should you invest? In real estate, there is little that is more important than location. Making sure that you pick a property in a decent area helps you tremendously in the long run.

Now comes one of the big questions. Will you flip the property or do you have what it takes to be a landlord? This decision will factor largely into the kind of property you choose. Flipping real estate can bring in a nice profit quickly if you are willing to spend some money on renovations or upgrades. On the other hand, being a landlord can bring in a secure monthly income and add to your equity. The choice is yours to make, my friend.

New Flips

New FlipsMost people feel that as a beginner – they just aren’t ready to invest in real estate. They think,  I don’t want to get stuck with property or loans I can’t get out of. The simple fact is, when structured properly, real estate investing, even if you’re just beginning, is a very safe investment alternative.

Let’s first see what a real estate investor really is. There are a number of ways to make money as a real estate investor, you can buy properties, fix them up and sell them (very risky). You can buy a property, list it with a real estate agent and hope to sell it at a profit (again, very risky). Or, you can obtain control of a property for a few dollars then market the property to sell it within a few days (virtually no risk at all). This third method, called house flipping, is what I recommend all beginning real estate investors choose.

The key to flipping real estate is to get in and out quickly. Using good real estate comps in these cases keeps you from selling the property for less then market value. Remember, you’re trying to make a profit and keep the whole process risk-free, so you will have to plan accordingly.

Your goal, then, as a house flipper, is to find under-valued properties, put them under contract, then market them as aggressively as possible. You want to sell the property within days if possible. Remember, you don’t get paid until the property is sold, so just holding onto a property with the hope that you will make an extra few dollars is the wrong attitude. Flipping this way is virtually risk free, because you are not actually buying the property, you are simply putting it under contract. If you are unable to sell it within a reasonable amount of time, you simply walk away – with no further liability.

Hopefully, these ideas will help motivate you to step out into the world of real estate investments and flipping properties. InvestorCompsOnline is here to assist you with that endeavor…join us today!

Monthly Archives: April 2016

The Skills To Win

The Skills To WinSuccess in real estate investing is all about knowing what to buy and how you approach the deal (hint, solid real estate comps make this work in your favor). Let’s look at three skills that you might want to develop to be more successful in your real estate investing business.

First, interpersonal skills are important in real estate negotiations. What makes or breaks a deal is usually whether you have good people skills and are able to make the other party trust you. Spend time establishing rapport when you meet prospective sellers and then applying the win-win formula so that they feel the value in doing a transaction with you and maybe recommend their friends to sell property to you in the future.

Secondly, you need to be able to do simple math and analyze the potential profit of the property that you are interested in. Spending time analyzing your buying price relative to similar units in the area is important and buying it at an under value is always good. We all know the profit is made when you buy! Alternatively, when buying properties that you want to improve, always factor the sums on how much the repairs and renovation will cost and if you are new to the fix and flip real estate sphere, bring your contractor along for the inspection.

Thirdly, real estate bargain hunting requires persistence. You might have to look at hundreds of properties before you find a property that you think can yield good rental returns and is suitable for you to buy. Remember that similarly, not all foreclosure and auction sites represent bargains. Make an appointment to go down to the property and physically examine it to be sure that it meets your requirements. Staying consistent in your search for the right real estate investment is thus key to making a good real estate acquisition.

In conclusion, take some time to examine whether you have the three skill-sets mentioned above and then take massive action to start looking for your next real estate bargain. Believe in yourself today and focus on achieving your real estate investment goals. Carpe Diem!

The Right Team

The Right TeamContractors, like great real estate comps, are a valuable part of a flip. As  investors, we know this is a no brainer. The goal is that you find the right mix for your personality. Renovating and rehabbing houses can be tricky at best, yet our best deals come from the ugliest of houses, so we need to crack the contractor code. Take a look at this tip and see if you can benefit from the information.

You never want to hand over a property to a contractor who will then get lackadaisical and forget the promises they made to you. While securing the bid, they promise the moon. They say they will get right on your job. Even putting it in writing offers no immediate protection. Remember you are juggling hard money loans, and your working capital, as well as the monthly note.

What I  have found is that they secure another 4-5 jobs and then try to juggle all those balls in the air at once. Well they drop the balls. Contractors (not all now, but most) will put you on the back burner getting to you when they have time on their schedule, not yours.

A great tactic to try with a new contractor is this, I only give a contractor one small job to see if they can prove themselves. If they can, I give them more of the job to rehab. This is needed for them to work for me, if they can show up on time, do quality craftsmanship, within the budget we negotiated, and complete the small job when they say they can, I will continue to give them  other jobs.

Once you have a good working relationship with a contractor, I encourage you to stick together. The knowledge that you can hand a project over and have confidence that it will be done properly is immeasurable.

Start The Selling Process

Start The Selling ProcessThe real estate comps have been utilized. All of the work is all done. You have purchased a house, renovated it, fixed all of the issues, and now it’s ready to sell. But where do you start? What’s the next step to get this property sold and move on to the next?

One of the first things to do is write your copy. You will want to highlight all of the things in the home that build value. If you are tailoring your sales to a particular market, be sure to include those specific things that will appeal to that market. For instance, if you are marketing to people who have children, a large fenced-in backyard or a good school system may be your focal point.

You will definitely want to have an idea of what the house is worth when you prepare your listing. Using InvestorCompsOnline to assess the value will prevent you from overshooting the value in an effort to make a maximum profit, but you also don’t want to undervalue the house to move it quickly, either. This leads to my next point.

If you do not have a real estate background, partnering with a listing agent is essential. That real estate professional can help you figure out the right niche to market to if you are not sure, and he or she can also be a huge help in determining the right sale price, because he or she is the expert on the market you are looking to sell in.

It helps to have all of your paperwork lined up and ready so that any prospective buyer can get a quick glimpse into what all you did in order to make the house better. This also means providing all of your permits so that the buyer and all of the necessary agencies know that the work was done properly. That honesty will go a long way for you, now and in the future.

Ultimately, you want everything to work so that your buyer is ready to move quickly. Showcase the home properly, and don’t be shy about what you did during the makeover. Anything you can do ahead of time to prepare answers to potential questions and have paperwork ready will be important, as well as good business. Best of luck to you on your first flip – may it be the beginning of a lucrative career!

Removing The Mystery Of Investing

Removing The Mystery Of InvestingInvesting in real estate can be a hard investment to break into properly without a fair amount of research into the market itself. That being said, the time spent educating yourself on the current and past trends, as well as real estate comps, will surely be time well spent. Real estate has consistently shown itself to be one of the most stable and profitable of ventures available to the average investor. Initially there is a lot of guesswork involved with the process of investing in real estate. These include such things as where to invest, should you flip or be a landlord, and how to go about the financing that will undoubtedly ensue?  InvestorCompsOnline helps you to take the mystery out of the where, the should I, and the how much.

The best way to pursue this endeavor is to systematically remove the guesswork and replace it with solid facts and informed decisions. The first question is where should you invest? In real estate, there is little that is more important than location. Making sure that you pick a property in a decent area helps you tremendously in the long run.

Now comes one of the big questions. Will you flip the property or do you have what it takes to be a landlord? This decision will factor largely into the kind of property you choose. Flipping real estate can bring in a nice profit quickly if you are willing to spend some money on renovations or upgrades. On the other hand, being a landlord can bring in a secure monthly income and add to your equity. The choice is yours to make, my friend.

New Flips

New FlipsMost people feel that as a beginner – they just aren’t ready to invest in real estate. They think,  I don’t want to get stuck with property or loans I can’t get out of. The simple fact is, when structured properly, real estate investing, even if you’re just beginning, is a very safe investment alternative.

Let’s first see what a real estate investor really is. There are a number of ways to make money as a real estate investor, you can buy properties, fix them up and sell them (very risky). You can buy a property, list it with a real estate agent and hope to sell it at a profit (again, very risky). Or, you can obtain control of a property for a few dollars then market the property to sell it within a few days (virtually no risk at all). This third method, called house flipping, is what I recommend all beginning real estate investors choose.

The key to flipping real estate is to get in and out quickly. Using good real estate comps in these cases keeps you from selling the property for less then market value. Remember, you’re trying to make a profit and keep the whole process risk-free, so you will have to plan accordingly.

Your goal, then, as a house flipper, is to find under-valued properties, put them under contract, then market them as aggressively as possible. You want to sell the property within days if possible. Remember, you don’t get paid until the property is sold, so just holding onto a property with the hope that you will make an extra few dollars is the wrong attitude. Flipping this way is virtually risk free, because you are not actually buying the property, you are simply putting it under contract. If you are unable to sell it within a reasonable amount of time, you simply walk away – with no further liability.

Hopefully, these ideas will help motivate you to step out into the world of real estate investments and flipping properties. InvestorCompsOnline is here to assist you with that endeavor…join us today!

Monthly Archives: April 2016

The Skills To Win

The Skills To WinSuccess in real estate investing is all about knowing what to buy and how you approach the deal (hint, solid real estate comps make this work in your favor). Let’s look at three skills that you might want to develop to be more successful in your real estate investing business.

First, interpersonal skills are important in real estate negotiations. What makes or breaks a deal is usually whether you have good people skills and are able to make the other party trust you. Spend time establishing rapport when you meet prospective sellers and then applying the win-win formula so that they feel the value in doing a transaction with you and maybe recommend their friends to sell property to you in the future.

Secondly, you need to be able to do simple math and analyze the potential profit of the property that you are interested in. Spending time analyzing your buying price relative to similar units in the area is important and buying it at an under value is always good. We all know the profit is made when you buy! Alternatively, when buying properties that you want to improve, always factor the sums on how much the repairs and renovation will cost and if you are new to the fix and flip real estate sphere, bring your contractor along for the inspection.

Thirdly, real estate bargain hunting requires persistence. You might have to look at hundreds of properties before you find a property that you think can yield good rental returns and is suitable for you to buy. Remember that similarly, not all foreclosure and auction sites represent bargains. Make an appointment to go down to the property and physically examine it to be sure that it meets your requirements. Staying consistent in your search for the right real estate investment is thus key to making a good real estate acquisition.

In conclusion, take some time to examine whether you have the three skill-sets mentioned above and then take massive action to start looking for your next real estate bargain. Believe in yourself today and focus on achieving your real estate investment goals. Carpe Diem!

The Right Team

The Right TeamContractors, like great real estate comps, are a valuable part of a flip. As  investors, we know this is a no brainer. The goal is that you find the right mix for your personality. Renovating and rehabbing houses can be tricky at best, yet our best deals come from the ugliest of houses, so we need to crack the contractor code. Take a look at this tip and see if you can benefit from the information.

You never want to hand over a property to a contractor who will then get lackadaisical and forget the promises they made to you. While securing the bid, they promise the moon. They say they will get right on your job. Even putting it in writing offers no immediate protection. Remember you are juggling hard money loans, and your working capital, as well as the monthly note.

What I  have found is that they secure another 4-5 jobs and then try to juggle all those balls in the air at once. Well they drop the balls. Contractors (not all now, but most) will put you on the back burner getting to you when they have time on their schedule, not yours.

A great tactic to try with a new contractor is this, I only give a contractor one small job to see if they can prove themselves. If they can, I give them more of the job to rehab. This is needed for them to work for me, if they can show up on time, do quality craftsmanship, within the budget we negotiated, and complete the small job when they say they can, I will continue to give them  other jobs.

Once you have a good working relationship with a contractor, I encourage you to stick together. The knowledge that you can hand a project over and have confidence that it will be done properly is immeasurable.

Start The Selling Process

Start The Selling ProcessThe real estate comps have been utilized. All of the work is all done. You have purchased a house, renovated it, fixed all of the issues, and now it’s ready to sell. But where do you start? What’s the next step to get this property sold and move on to the next?

One of the first things to do is write your copy. You will want to highlight all of the things in the home that build value. If you are tailoring your sales to a particular market, be sure to include those specific things that will appeal to that market. For instance, if you are marketing to people who have children, a large fenced-in backyard or a good school system may be your focal point.

You will definitely want to have an idea of what the house is worth when you prepare your listing. Using InvestorCompsOnline to assess the value will prevent you from overshooting the value in an effort to make a maximum profit, but you also don’t want to undervalue the house to move it quickly, either. This leads to my next point.

If you do not have a real estate background, partnering with a listing agent is essential. That real estate professional can help you figure out the right niche to market to if you are not sure, and he or she can also be a huge help in determining the right sale price, because he or she is the expert on the market you are looking to sell in.

It helps to have all of your paperwork lined up and ready so that any prospective buyer can get a quick glimpse into what all you did in order to make the house better. This also means providing all of your permits so that the buyer and all of the necessary agencies know that the work was done properly. That honesty will go a long way for you, now and in the future.

Ultimately, you want everything to work so that your buyer is ready to move quickly. Showcase the home properly, and don’t be shy about what you did during the makeover. Anything you can do ahead of time to prepare answers to potential questions and have paperwork ready will be important, as well as good business. Best of luck to you on your first flip – may it be the beginning of a lucrative career!

Removing The Mystery Of Investing

Removing The Mystery Of InvestingInvesting in real estate can be a hard investment to break into properly without a fair amount of research into the market itself. That being said, the time spent educating yourself on the current and past trends, as well as real estate comps, will surely be time well spent. Real estate has consistently shown itself to be one of the most stable and profitable of ventures available to the average investor. Initially there is a lot of guesswork involved with the process of investing in real estate. These include such things as where to invest, should you flip or be a landlord, and how to go about the financing that will undoubtedly ensue?  InvestorCompsOnline helps you to take the mystery out of the where, the should I, and the how much.

The best way to pursue this endeavor is to systematically remove the guesswork and replace it with solid facts and informed decisions. The first question is where should you invest? In real estate, there is little that is more important than location. Making sure that you pick a property in a decent area helps you tremendously in the long run.

Now comes one of the big questions. Will you flip the property or do you have what it takes to be a landlord? This decision will factor largely into the kind of property you choose. Flipping real estate can bring in a nice profit quickly if you are willing to spend some money on renovations or upgrades. On the other hand, being a landlord can bring in a secure monthly income and add to your equity. The choice is yours to make, my friend.

New Flips

New FlipsMost people feel that as a beginner – they just aren’t ready to invest in real estate. They think,  I don’t want to get stuck with property or loans I can’t get out of. The simple fact is, when structured properly, real estate investing, even if you’re just beginning, is a very safe investment alternative.

Let’s first see what a real estate investor really is. There are a number of ways to make money as a real estate investor, you can buy properties, fix them up and sell them (very risky). You can buy a property, list it with a real estate agent and hope to sell it at a profit (again, very risky). Or, you can obtain control of a property for a few dollars then market the property to sell it within a few days (virtually no risk at all). This third method, called house flipping, is what I recommend all beginning real estate investors choose.

The key to flipping real estate is to get in and out quickly. Using good real estate comps in these cases keeps you from selling the property for less then market value. Remember, you’re trying to make a profit and keep the whole process risk-free, so you will have to plan accordingly.

Your goal, then, as a house flipper, is to find under-valued properties, put them under contract, then market them as aggressively as possible. You want to sell the property within days if possible. Remember, you don’t get paid until the property is sold, so just holding onto a property with the hope that you will make an extra few dollars is the wrong attitude. Flipping this way is virtually risk free, because you are not actually buying the property, you are simply putting it under contract. If you are unable to sell it within a reasonable amount of time, you simply walk away – with no further liability.

Hopefully, these ideas will help motivate you to step out into the world of real estate investments and flipping properties. InvestorCompsOnline is here to assist you with that endeavor…join us today!

Monthly Archives: April 2016

The Skills To Win

The Skills To WinSuccess in real estate investing is all about knowing what to buy and how you approach the deal (hint, solid real estate comps make this work in your favor). Let’s look at three skills that you might want to develop to be more successful in your real estate investing business.

First, interpersonal skills are important in real estate negotiations. What makes or breaks a deal is usually whether you have good people skills and are able to make the other party trust you. Spend time establishing rapport when you meet prospective sellers and then applying the win-win formula so that they feel the value in doing a transaction with you and maybe recommend their friends to sell property to you in the future.

Secondly, you need to be able to do simple math and analyze the potential profit of the property that you are interested in. Spending time analyzing your buying price relative to similar units in the area is important and buying it at an under value is always good. We all know the profit is made when you buy! Alternatively, when buying properties that you want to improve, always factor the sums on how much the repairs and renovation will cost and if you are new to the fix and flip real estate sphere, bring your contractor along for the inspection.

Thirdly, real estate bargain hunting requires persistence. You might have to look at hundreds of properties before you find a property that you think can yield good rental returns and is suitable for you to buy. Remember that similarly, not all foreclosure and auction sites represent bargains. Make an appointment to go down to the property and physically examine it to be sure that it meets your requirements. Staying consistent in your search for the right real estate investment is thus key to making a good real estate acquisition.

In conclusion, take some time to examine whether you have the three skill-sets mentioned above and then take massive action to start looking for your next real estate bargain. Believe in yourself today and focus on achieving your real estate investment goals. Carpe Diem!

The Right Team

The Right TeamContractors, like great real estate comps, are a valuable part of a flip. As  investors, we know this is a no brainer. The goal is that you find the right mix for your personality. Renovating and rehabbing houses can be tricky at best, yet our best deals come from the ugliest of houses, so we need to crack the contractor code. Take a look at this tip and see if you can benefit from the information.

You never want to hand over a property to a contractor who will then get lackadaisical and forget the promises they made to you. While securing the bid, they promise the moon. They say they will get right on your job. Even putting it in writing offers no immediate protection. Remember you are juggling hard money loans, and your working capital, as well as the monthly note.

What I  have found is that they secure another 4-5 jobs and then try to juggle all those balls in the air at once. Well they drop the balls. Contractors (not all now, but most) will put you on the back burner getting to you when they have time on their schedule, not yours.

A great tactic to try with a new contractor is this, I only give a contractor one small job to see if they can prove themselves. If they can, I give them more of the job to rehab. This is needed for them to work for me, if they can show up on time, do quality craftsmanship, within the budget we negotiated, and complete the small job when they say they can, I will continue to give them  other jobs.

Once you have a good working relationship with a contractor, I encourage you to stick together. The knowledge that you can hand a project over and have confidence that it will be done properly is immeasurable.

Start The Selling Process

Start The Selling ProcessThe real estate comps have been utilized. All of the work is all done. You have purchased a house, renovated it, fixed all of the issues, and now it’s ready to sell. But where do you start? What’s the next step to get this property sold and move on to the next?

One of the first things to do is write your copy. You will want to highlight all of the things in the home that build value. If you are tailoring your sales to a particular market, be sure to include those specific things that will appeal to that market. For instance, if you are marketing to people who have children, a large fenced-in backyard or a good school system may be your focal point.

You will definitely want to have an idea of what the house is worth when you prepare your listing. Using InvestorCompsOnline to assess the value will prevent you from overshooting the value in an effort to make a maximum profit, but you also don’t want to undervalue the house to move it quickly, either. This leads to my next point.

If you do not have a real estate background, partnering with a listing agent is essential. That real estate professional can help you figure out the right niche to market to if you are not sure, and he or she can also be a huge help in determining the right sale price, because he or she is the expert on the market you are looking to sell in.

It helps to have all of your paperwork lined up and ready so that any prospective buyer can get a quick glimpse into what all you did in order to make the house better. This also means providing all of your permits so that the buyer and all of the necessary agencies know that the work was done properly. That honesty will go a long way for you, now and in the future.

Ultimately, you want everything to work so that your buyer is ready to move quickly. Showcase the home properly, and don’t be shy about what you did during the makeover. Anything you can do ahead of time to prepare answers to potential questions and have paperwork ready will be important, as well as good business. Best of luck to you on your first flip – may it be the beginning of a lucrative career!

Removing The Mystery Of Investing

Removing The Mystery Of InvestingInvesting in real estate can be a hard investment to break into properly without a fair amount of research into the market itself. That being said, the time spent educating yourself on the current and past trends, as well as real estate comps, will surely be time well spent. Real estate has consistently shown itself to be one of the most stable and profitable of ventures available to the average investor. Initially there is a lot of guesswork involved with the process of investing in real estate. These include such things as where to invest, should you flip or be a landlord, and how to go about the financing that will undoubtedly ensue?  InvestorCompsOnline helps you to take the mystery out of the where, the should I, and the how much.

The best way to pursue this endeavor is to systematically remove the guesswork and replace it with solid facts and informed decisions. The first question is where should you invest? In real estate, there is little that is more important than location. Making sure that you pick a property in a decent area helps you tremendously in the long run.

Now comes one of the big questions. Will you flip the property or do you have what it takes to be a landlord? This decision will factor largely into the kind of property you choose. Flipping real estate can bring in a nice profit quickly if you are willing to spend some money on renovations or upgrades. On the other hand, being a landlord can bring in a secure monthly income and add to your equity. The choice is yours to make, my friend.

New Flips

New FlipsMost people feel that as a beginner – they just aren’t ready to invest in real estate. They think,  I don’t want to get stuck with property or loans I can’t get out of. The simple fact is, when structured properly, real estate investing, even if you’re just beginning, is a very safe investment alternative.

Let’s first see what a real estate investor really is. There are a number of ways to make money as a real estate investor, you can buy properties, fix them up and sell them (very risky). You can buy a property, list it with a real estate agent and hope to sell it at a profit (again, very risky). Or, you can obtain control of a property for a few dollars then market the property to sell it within a few days (virtually no risk at all). This third method, called house flipping, is what I recommend all beginning real estate investors choose.

The key to flipping real estate is to get in and out quickly. Using good real estate comps in these cases keeps you from selling the property for less then market value. Remember, you’re trying to make a profit and keep the whole process risk-free, so you will have to plan accordingly.

Your goal, then, as a house flipper, is to find under-valued properties, put them under contract, then market them as aggressively as possible. You want to sell the property within days if possible. Remember, you don’t get paid until the property is sold, so just holding onto a property with the hope that you will make an extra few dollars is the wrong attitude. Flipping this way is virtually risk free, because you are not actually buying the property, you are simply putting it under contract. If you are unable to sell it within a reasonable amount of time, you simply walk away – with no further liability.

Hopefully, these ideas will help motivate you to step out into the world of real estate investments and flipping properties. InvestorCompsOnline is here to assist you with that endeavor…join us today!

Monthly Archives: April 2016

The Skills To Win

The Skills To WinSuccess in real estate investing is all about knowing what to buy and how you approach the deal (hint, solid real estate comps make this work in your favor). Let’s look at three skills that you might want to develop to be more successful in your real estate investing business.

First, interpersonal skills are important in real estate negotiations. What makes or breaks a deal is usually whether you have good people skills and are able to make the other party trust you. Spend time establishing rapport when you meet prospective sellers and then applying the win-win formula so that they feel the value in doing a transaction with you and maybe recommend their friends to sell property to you in the future.

Secondly, you need to be able to do simple math and analyze the potential profit of the property that you are interested in. Spending time analyzing your buying price relative to similar units in the area is important and buying it at an under value is always good. We all know the profit is made when you buy! Alternatively, when buying properties that you want to improve, always factor the sums on how much the repairs and renovation will cost and if you are new to the fix and flip real estate sphere, bring your contractor along for the inspection.

Thirdly, real estate bargain hunting requires persistence. You might have to look at hundreds of properties before you find a property that you think can yield good rental returns and is suitable for you to buy. Remember that similarly, not all foreclosure and auction sites represent bargains. Make an appointment to go down to the property and physically examine it to be sure that it meets your requirements. Staying consistent in your search for the right real estate investment is thus key to making a good real estate acquisition.

In conclusion, take some time to examine whether you have the three skill-sets mentioned above and then take massive action to start looking for your next real estate bargain. Believe in yourself today and focus on achieving your real estate investment goals. Carpe Diem!

The Right Team

The Right TeamContractors, like great real estate comps, are a valuable part of a flip. As  investors, we know this is a no brainer. The goal is that you find the right mix for your personality. Renovating and rehabbing houses can be tricky at best, yet our best deals come from the ugliest of houses, so we need to crack the contractor code. Take a look at this tip and see if you can benefit from the information.

You never want to hand over a property to a contractor who will then get lackadaisical and forget the promises they made to you. While securing the bid, they promise the moon. They say they will get right on your job. Even putting it in writing offers no immediate protection. Remember you are juggling hard money loans, and your working capital, as well as the monthly note.

What I  have found is that they secure another 4-5 jobs and then try to juggle all those balls in the air at once. Well they drop the balls. Contractors (not all now, but most) will put you on the back burner getting to you when they have time on their schedule, not yours.

A great tactic to try with a new contractor is this, I only give a contractor one small job to see if they can prove themselves. If they can, I give them more of the job to rehab. This is needed for them to work for me, if they can show up on time, do quality craftsmanship, within the budget we negotiated, and complete the small job when they say they can, I will continue to give them  other jobs.

Once you have a good working relationship with a contractor, I encourage you to stick together. The knowledge that you can hand a project over and have confidence that it will be done properly is immeasurable.

Start The Selling Process

Start The Selling ProcessThe real estate comps have been utilized. All of the work is all done. You have purchased a house, renovated it, fixed all of the issues, and now it’s ready to sell. But where do you start? What’s the next step to get this property sold and move on to the next?

One of the first things to do is write your copy. You will want to highlight all of the things in the home that build value. If you are tailoring your sales to a particular market, be sure to include those specific things that will appeal to that market. For instance, if you are marketing to people who have children, a large fenced-in backyard or a good school system may be your focal point.

You will definitely want to have an idea of what the house is worth when you prepare your listing. Using InvestorCompsOnline to assess the value will prevent you from overshooting the value in an effort to make a maximum profit, but you also don’t want to undervalue the house to move it quickly, either. This leads to my next point.

If you do not have a real estate background, partnering with a listing agent is essential. That real estate professional can help you figure out the right niche to market to if you are not sure, and he or she can also be a huge help in determining the right sale price, because he or she is the expert on the market you are looking to sell in.

It helps to have all of your paperwork lined up and ready so that any prospective buyer can get a quick glimpse into what all you did in order to make the house better. This also means providing all of your permits so that the buyer and all of the necessary agencies know that the work was done properly. That honesty will go a long way for you, now and in the future.

Ultimately, you want everything to work so that your buyer is ready to move quickly. Showcase the home properly, and don’t be shy about what you did during the makeover. Anything you can do ahead of time to prepare answers to potential questions and have paperwork ready will be important, as well as good business. Best of luck to you on your first flip – may it be the beginning of a lucrative career!

Removing The Mystery Of Investing

Removing The Mystery Of InvestingInvesting in real estate can be a hard investment to break into properly without a fair amount of research into the market itself. That being said, the time spent educating yourself on the current and past trends, as well as real estate comps, will surely be time well spent. Real estate has consistently shown itself to be one of the most stable and profitable of ventures available to the average investor. Initially there is a lot of guesswork involved with the process of investing in real estate. These include such things as where to invest, should you flip or be a landlord, and how to go about the financing that will undoubtedly ensue?  InvestorCompsOnline helps you to take the mystery out of the where, the should I, and the how much.

The best way to pursue this endeavor is to systematically remove the guesswork and replace it with solid facts and informed decisions. The first question is where should you invest? In real estate, there is little that is more important than location. Making sure that you pick a property in a decent area helps you tremendously in the long run.

Now comes one of the big questions. Will you flip the property or do you have what it takes to be a landlord? This decision will factor largely into the kind of property you choose. Flipping real estate can bring in a nice profit quickly if you are willing to spend some money on renovations or upgrades. On the other hand, being a landlord can bring in a secure monthly income and add to your equity. The choice is yours to make, my friend.

New Flips

New FlipsMost people feel that as a beginner – they just aren’t ready to invest in real estate. They think,  I don’t want to get stuck with property or loans I can’t get out of. The simple fact is, when structured properly, real estate investing, even if you’re just beginning, is a very safe investment alternative.

Let’s first see what a real estate investor really is. There are a number of ways to make money as a real estate investor, you can buy properties, fix them up and sell them (very risky). You can buy a property, list it with a real estate agent and hope to sell it at a profit (again, very risky). Or, you can obtain control of a property for a few dollars then market the property to sell it within a few days (virtually no risk at all). This third method, called house flipping, is what I recommend all beginning real estate investors choose.

The key to flipping real estate is to get in and out quickly. Using good real estate comps in these cases keeps you from selling the property for less then market value. Remember, you’re trying to make a profit and keep the whole process risk-free, so you will have to plan accordingly.

Your goal, then, as a house flipper, is to find under-valued properties, put them under contract, then market them as aggressively as possible. You want to sell the property within days if possible. Remember, you don’t get paid until the property is sold, so just holding onto a property with the hope that you will make an extra few dollars is the wrong attitude. Flipping this way is virtually risk free, because you are not actually buying the property, you are simply putting it under contract. If you are unable to sell it within a reasonable amount of time, you simply walk away – with no further liability.

Hopefully, these ideas will help motivate you to step out into the world of real estate investments and flipping properties. InvestorCompsOnline is here to assist you with that endeavor…join us today!

Monthly Archives: April 2016

The Skills To Win

The Skills To WinSuccess in real estate investing is all about knowing what to buy and how you approach the deal (hint, solid real estate comps make this work in your favor). Let’s look at three skills that you might want to develop to be more successful in your real estate investing business.

First, interpersonal skills are important in real estate negotiations. What makes or breaks a deal is usually whether you have good people skills and are able to make the other party trust you. Spend time establishing rapport when you meet prospective sellers and then applying the win-win formula so that they feel the value in doing a transaction with you and maybe recommend their friends to sell property to you in the future.

Secondly, you need to be able to do simple math and analyze the potential profit of the property that you are interested in. Spending time analyzing your buying price relative to similar units in the area is important and buying it at an under value is always good. We all know the profit is made when you buy! Alternatively, when buying properties that you want to improve, always factor the sums on how much the repairs and renovation will cost and if you are new to the fix and flip real estate sphere, bring your contractor along for the inspection.

Thirdly, real estate bargain hunting requires persistence. You might have to look at hundreds of properties before you find a property that you think can yield good rental returns and is suitable for you to buy. Remember that similarly, not all foreclosure and auction sites represent bargains. Make an appointment to go down to the property and physically examine it to be sure that it meets your requirements. Staying consistent in your search for the right real estate investment is thus key to making a good real estate acquisition.

In conclusion, take some time to examine whether you have the three skill-sets mentioned above and then take massive action to start looking for your next real estate bargain. Believe in yourself today and focus on achieving your real estate investment goals. Carpe Diem!

The Right Team

The Right TeamContractors, like great real estate comps, are a valuable part of a flip. As  investors, we know this is a no brainer. The goal is that you find the right mix for your personality. Renovating and rehabbing houses can be tricky at best, yet our best deals come from the ugliest of houses, so we need to crack the contractor code. Take a look at this tip and see if you can benefit from the information.

You never want to hand over a property to a contractor who will then get lackadaisical and forget the promises they made to you. While securing the bid, they promise the moon. They say they will get right on your job. Even putting it in writing offers no immediate protection. Remember you are juggling hard money loans, and your working capital, as well as the monthly note.

What I  have found is that they secure another 4-5 jobs and then try to juggle all those balls in the air at once. Well they drop the balls. Contractors (not all now, but most) will put you on the back burner getting to you when they have time on their schedule, not yours.

A great tactic to try with a new contractor is this, I only give a contractor one small job to see if they can prove themselves. If they can, I give them more of the job to rehab. This is needed for them to work for me, if they can show up on time, do quality craftsmanship, within the budget we negotiated, and complete the small job when they say they can, I will continue to give them  other jobs.

Once you have a good working relationship with a contractor, I encourage you to stick together. The knowledge that you can hand a project over and have confidence that it will be done properly is immeasurable.

Start The Selling Process

Start The Selling ProcessThe real estate comps have been utilized. All of the work is all done. You have purchased a house, renovated it, fixed all of the issues, and now it’s ready to sell. But where do you start? What’s the next step to get this property sold and move on to the next?

One of the first things to do is write your copy. You will want to highlight all of the things in the home that build value. If you are tailoring your sales to a particular market, be sure to include those specific things that will appeal to that market. For instance, if you are marketing to people who have children, a large fenced-in backyard or a good school system may be your focal point.

You will definitely want to have an idea of what the house is worth when you prepare your listing. Using InvestorCompsOnline to assess the value will prevent you from overshooting the value in an effort to make a maximum profit, but you also don’t want to undervalue the house to move it quickly, either. This leads to my next point.

If you do not have a real estate background, partnering with a listing agent is essential. That real estate professional can help you figure out the right niche to market to if you are not sure, and he or she can also be a huge help in determining the right sale price, because he or she is the expert on the market you are looking to sell in.

It helps to have all of your paperwork lined up and ready so that any prospective buyer can get a quick glimpse into what all you did in order to make the house better. This also means providing all of your permits so that the buyer and all of the necessary agencies know that the work was done properly. That honesty will go a long way for you, now and in the future.

Ultimately, you want everything to work so that your buyer is ready to move quickly. Showcase the home properly, and don’t be shy about what you did during the makeover. Anything you can do ahead of time to prepare answers to potential questions and have paperwork ready will be important, as well as good business. Best of luck to you on your first flip – may it be the beginning of a lucrative career!

Removing The Mystery Of Investing

Removing The Mystery Of InvestingInvesting in real estate can be a hard investment to break into properly without a fair amount of research into the market itself. That being said, the time spent educating yourself on the current and past trends, as well as real estate comps, will surely be time well spent. Real estate has consistently shown itself to be one of the most stable and profitable of ventures available to the average investor. Initially there is a lot of guesswork involved with the process of investing in real estate. These include such things as where to invest, should you flip or be a landlord, and how to go about the financing that will undoubtedly ensue?  InvestorCompsOnline helps you to take the mystery out of the where, the should I, and the how much.

The best way to pursue this endeavor is to systematically remove the guesswork and replace it with solid facts and informed decisions. The first question is where should you invest? In real estate, there is little that is more important than location. Making sure that you pick a property in a decent area helps you tremendously in the long run.

Now comes one of the big questions. Will you flip the property or do you have what it takes to be a landlord? This decision will factor largely into the kind of property you choose. Flipping real estate can bring in a nice profit quickly if you are willing to spend some money on renovations or upgrades. On the other hand, being a landlord can bring in a secure monthly income and add to your equity. The choice is yours to make, my friend.

New Flips

New FlipsMost people feel that as a beginner – they just aren’t ready to invest in real estate. They think,  I don’t want to get stuck with property or loans I can’t get out of. The simple fact is, when structured properly, real estate investing, even if you’re just beginning, is a very safe investment alternative.

Let’s first see what a real estate investor really is. There are a number of ways to make money as a real estate investor, you can buy properties, fix them up and sell them (very risky). You can buy a property, list it with a real estate agent and hope to sell it at a profit (again, very risky). Or, you can obtain control of a property for a few dollars then market the property to sell it within a few days (virtually no risk at all). This third method, called house flipping, is what I recommend all beginning real estate investors choose.

The key to flipping real estate is to get in and out quickly. Using good real estate comps in these cases keeps you from selling the property for less then market value. Remember, you’re trying to make a profit and keep the whole process risk-free, so you will have to plan accordingly.

Your goal, then, as a house flipper, is to find under-valued properties, put them under contract, then market them as aggressively as possible. You want to sell the property within days if possible. Remember, you don’t get paid until the property is sold, so just holding onto a property with the hope that you will make an extra few dollars is the wrong attitude. Flipping this way is virtually risk free, because you are not actually buying the property, you are simply putting it under contract. If you are unable to sell it within a reasonable amount of time, you simply walk away – with no further liability.

Hopefully, these ideas will help motivate you to step out into the world of real estate investments and flipping properties. InvestorCompsOnline is here to assist you with that endeavor…join us today!

Monthly Archives: April 2016

The Skills To Win

The Skills To WinSuccess in real estate investing is all about knowing what to buy and how you approach the deal (hint, solid real estate comps make this work in your favor). Let’s look at three skills that you might want to develop to be more successful in your real estate investing business.

First, interpersonal skills are important in real estate negotiations. What makes or breaks a deal is usually whether you have good people skills and are able to make the other party trust you. Spend time establishing rapport when you meet prospective sellers and then applying the win-win formula so that they feel the value in doing a transaction with you and maybe recommend their friends to sell property to you in the future.

Secondly, you need to be able to do simple math and analyze the potential profit of the property that you are interested in. Spending time analyzing your buying price relative to similar units in the area is important and buying it at an under value is always good. We all know the profit is made when you buy! Alternatively, when buying properties that you want to improve, always factor the sums on how much the repairs and renovation will cost and if you are new to the fix and flip real estate sphere, bring your contractor along for the inspection.

Thirdly, real estate bargain hunting requires persistence. You might have to look at hundreds of properties before you find a property that you think can yield good rental returns and is suitable for you to buy. Remember that similarly, not all foreclosure and auction sites represent bargains. Make an appointment to go down to the property and physically examine it to be sure that it meets your requirements. Staying consistent in your search for the right real estate investment is thus key to making a good real estate acquisition.

In conclusion, take some time to examine whether you have the three skill-sets mentioned above and then take massive action to start looking for your next real estate bargain. Believe in yourself today and focus on achieving your real estate investment goals. Carpe Diem!

The Right Team

The Right TeamContractors, like great real estate comps, are a valuable part of a flip. As  investors, we know this is a no brainer. The goal is that you find the right mix for your personality. Renovating and rehabbing houses can be tricky at best, yet our best deals come from the ugliest of houses, so we need to crack the contractor code. Take a look at this tip and see if you can benefit from the information.

You never want to hand over a property to a contractor who will then get lackadaisical and forget the promises they made to you. While securing the bid, they promise the moon. They say they will get right on your job. Even putting it in writing offers no immediate protection. Remember you are juggling hard money loans, and your working capital, as well as the monthly note.

What I  have found is that they secure another 4-5 jobs and then try to juggle all those balls in the air at once. Well they drop the balls. Contractors (not all now, but most) will put you on the back burner getting to you when they have time on their schedule, not yours.

A great tactic to try with a new contractor is this, I only give a contractor one small job to see if they can prove themselves. If they can, I give them more of the job to rehab. This is needed for them to work for me, if they can show up on time, do quality craftsmanship, within the budget we negotiated, and complete the small job when they say they can, I will continue to give them  other jobs.

Once you have a good working relationship with a contractor, I encourage you to stick together. The knowledge that you can hand a project over and have confidence that it will be done properly is immeasurable.

Start The Selling Process

Start The Selling ProcessThe real estate comps have been utilized. All of the work is all done. You have purchased a house, renovated it, fixed all of the issues, and now it’s ready to sell. But where do you start? What’s the next step to get this property sold and move on to the next?

One of the first things to do is write your copy. You will want to highlight all of the things in the home that build value. If you are tailoring your sales to a particular market, be sure to include those specific things that will appeal to that market. For instance, if you are marketing to people who have children, a large fenced-in backyard or a good school system may be your focal point.

You will definitely want to have an idea of what the house is worth when you prepare your listing. Using InvestorCompsOnline to assess the value will prevent you from overshooting the value in an effort to make a maximum profit, but you also don’t want to undervalue the house to move it quickly, either. This leads to my next point.

If you do not have a real estate background, partnering with a listing agent is essential. That real estate professional can help you figure out the right niche to market to if you are not sure, and he or she can also be a huge help in determining the right sale price, because he or she is the expert on the market you are looking to sell in.

It helps to have all of your paperwork lined up and ready so that any prospective buyer can get a quick glimpse into what all you did in order to make the house better. This also means providing all of your permits so that the buyer and all of the necessary agencies know that the work was done properly. That honesty will go a long way for you, now and in the future.

Ultimately, you want everything to work so that your buyer is ready to move quickly. Showcase the home properly, and don’t be shy about what you did during the makeover. Anything you can do ahead of time to prepare answers to potential questions and have paperwork ready will be important, as well as good business. Best of luck to you on your first flip – may it be the beginning of a lucrative career!

Removing The Mystery Of Investing

Removing The Mystery Of InvestingInvesting in real estate can be a hard investment to break into properly without a fair amount of research into the market itself. That being said, the time spent educating yourself on the current and past trends, as well as real estate comps, will surely be time well spent. Real estate has consistently shown itself to be one of the most stable and profitable of ventures available to the average investor. Initially there is a lot of guesswork involved with the process of investing in real estate. These include such things as where to invest, should you flip or be a landlord, and how to go about the financing that will undoubtedly ensue?  InvestorCompsOnline helps you to take the mystery out of the where, the should I, and the how much.

The best way to pursue this endeavor is to systematically remove the guesswork and replace it with solid facts and informed decisions. The first question is where should you invest? In real estate, there is little that is more important than location. Making sure that you pick a property in a decent area helps you tremendously in the long run.

Now comes one of the big questions. Will you flip the property or do you have what it takes to be a landlord? This decision will factor largely into the kind of property you choose. Flipping real estate can bring in a nice profit quickly if you are willing to spend some money on renovations or upgrades. On the other hand, being a landlord can bring in a secure monthly income and add to your equity. The choice is yours to make, my friend.

New Flips

New FlipsMost people feel that as a beginner – they just aren’t ready to invest in real estate. They think,  I don’t want to get stuck with property or loans I can’t get out of. The simple fact is, when structured properly, real estate investing, even if you’re just beginning, is a very safe investment alternative.

Let’s first see what a real estate investor really is. There are a number of ways to make money as a real estate investor, you can buy properties, fix them up and sell them (very risky). You can buy a property, list it with a real estate agent and hope to sell it at a profit (again, very risky). Or, you can obtain control of a property for a few dollars then market the property to sell it within a few days (virtually no risk at all). This third method, called house flipping, is what I recommend all beginning real estate investors choose.

The key to flipping real estate is to get in and out quickly. Using good real estate comps in these cases keeps you from selling the property for less then market value. Remember, you’re trying to make a profit and keep the whole process risk-free, so you will have to plan accordingly.

Your goal, then, as a house flipper, is to find under-valued properties, put them under contract, then market them as aggressively as possible. You want to sell the property within days if possible. Remember, you don’t get paid until the property is sold, so just holding onto a property with the hope that you will make an extra few dollars is the wrong attitude. Flipping this way is virtually risk free, because you are not actually buying the property, you are simply putting it under contract. If you are unable to sell it within a reasonable amount of time, you simply walk away – with no further liability.

Hopefully, these ideas will help motivate you to step out into the world of real estate investments and flipping properties. InvestorCompsOnline is here to assist you with that endeavor…join us today!

Monthly Archives: April 2016

The Skills To Win

The Skills To WinSuccess in real estate investing is all about knowing what to buy and how you approach the deal (hint, solid real estate comps make this work in your favor). Let’s look at three skills that you might want to develop to be more successful in your real estate investing business.

First, interpersonal skills are important in real estate negotiations. What makes or breaks a deal is usually whether you have good people skills and are able to make the other party trust you. Spend time establishing rapport when you meet prospective sellers and then applying the win-win formula so that they feel the value in doing a transaction with you and maybe recommend their friends to sell property to you in the future.

Secondly, you need to be able to do simple math and analyze the potential profit of the property that you are interested in. Spending time analyzing your buying price relative to similar units in the area is important and buying it at an under value is always good. We all know the profit is made when you buy! Alternatively, when buying properties that you want to improve, always factor the sums on how much the repairs and renovation will cost and if you are new to the fix and flip real estate sphere, bring your contractor along for the inspection.

Thirdly, real estate bargain hunting requires persistence. You might have to look at hundreds of properties before you find a property that you think can yield good rental returns and is suitable for you to buy. Remember that similarly, not all foreclosure and auction sites represent bargains. Make an appointment to go down to the property and physically examine it to be sure that it meets your requirements. Staying consistent in your search for the right real estate investment is thus key to making a good real estate acquisition.

In conclusion, take some time to examine whether you have the three skill-sets mentioned above and then take massive action to start looking for your next real estate bargain. Believe in yourself today and focus on achieving your real estate investment goals. Carpe Diem!

The Right Team

The Right TeamContractors, like great real estate comps, are a valuable part of a flip. As  investors, we know this is a no brainer. The goal is that you find the right mix for your personality. Renovating and rehabbing houses can be tricky at best, yet our best deals come from the ugliest of houses, so we need to crack the contractor code. Take a look at this tip and see if you can benefit from the information.

You never want to hand over a property to a contractor who will then get lackadaisical and forget the promises they made to you. While securing the bid, they promise the moon. They say they will get right on your job. Even putting it in writing offers no immediate protection. Remember you are juggling hard money loans, and your working capital, as well as the monthly note.

What I  have found is that they secure another 4-5 jobs and then try to juggle all those balls in the air at once. Well they drop the balls. Contractors (not all now, but most) will put you on the back burner getting to you when they have time on their schedule, not yours.

A great tactic to try with a new contractor is this, I only give a contractor one small job to see if they can prove themselves. If they can, I give them more of the job to rehab. This is needed for them to work for me, if they can show up on time, do quality craftsmanship, within the budget we negotiated, and complete the small job when they say they can, I will continue to give them  other jobs.

Once you have a good working relationship with a contractor, I encourage you to stick together. The knowledge that you can hand a project over and have confidence that it will be done properly is immeasurable.

Start The Selling Process

Start The Selling ProcessThe real estate comps have been utilized. All of the work is all done. You have purchased a house, renovated it, fixed all of the issues, and now it’s ready to sell. But where do you start? What’s the next step to get this property sold and move on to the next?

One of the first things to do is write your copy. You will want to highlight all of the things in the home that build value. If you are tailoring your sales to a particular market, be sure to include those specific things that will appeal to that market. For instance, if you are marketing to people who have children, a large fenced-in backyard or a good school system may be your focal point.

You will definitely want to have an idea of what the house is worth when you prepare your listing. Using InvestorCompsOnline to assess the value will prevent you from overshooting the value in an effort to make a maximum profit, but you also don’t want to undervalue the house to move it quickly, either. This leads to my next point.

If you do not have a real estate background, partnering with a listing agent is essential. That real estate professional can help you figure out the right niche to market to if you are not sure, and he or she can also be a huge help in determining the right sale price, because he or she is the expert on the market you are looking to sell in.

It helps to have all of your paperwork lined up and ready so that any prospective buyer can get a quick glimpse into what all you did in order to make the house better. This also means providing all of your permits so that the buyer and all of the necessary agencies know that the work was done properly. That honesty will go a long way for you, now and in the future.

Ultimately, you want everything to work so that your buyer is ready to move quickly. Showcase the home properly, and don’t be shy about what you did during the makeover. Anything you can do ahead of time to prepare answers to potential questions and have paperwork ready will be important, as well as good business. Best of luck to you on your first flip – may it be the beginning of a lucrative career!

Removing The Mystery Of Investing

Removing The Mystery Of InvestingInvesting in real estate can be a hard investment to break into properly without a fair amount of research into the market itself. That being said, the time spent educating yourself on the current and past trends, as well as real estate comps, will surely be time well spent. Real estate has consistently shown itself to be one of the most stable and profitable of ventures available to the average investor. Initially there is a lot of guesswork involved with the process of investing in real estate. These include such things as where to invest, should you flip or be a landlord, and how to go about the financing that will undoubtedly ensue?  InvestorCompsOnline helps you to take the mystery out of the where, the should I, and the how much.

The best way to pursue this endeavor is to systematically remove the guesswork and replace it with solid facts and informed decisions. The first question is where should you invest? In real estate, there is little that is more important than location. Making sure that you pick a property in a decent area helps you tremendously in the long run.

Now comes one of the big questions. Will you flip the property or do you have what it takes to be a landlord? This decision will factor largely into the kind of property you choose. Flipping real estate can bring in a nice profit quickly if you are willing to spend some money on renovations or upgrades. On the other hand, being a landlord can bring in a secure monthly income and add to your equity. The choice is yours to make, my friend.

New Flips

New FlipsMost people feel that as a beginner – they just aren’t ready to invest in real estate. They think,  I don’t want to get stuck with property or loans I can’t get out of. The simple fact is, when structured properly, real estate investing, even if you’re just beginning, is a very safe investment alternative.

Let’s first see what a real estate investor really is. There are a number of ways to make money as a real estate investor, you can buy properties, fix them up and sell them (very risky). You can buy a property, list it with a real estate agent and hope to sell it at a profit (again, very risky). Or, you can obtain control of a property for a few dollars then market the property to sell it within a few days (virtually no risk at all). This third method, called house flipping, is what I recommend all beginning real estate investors choose.

The key to flipping real estate is to get in and out quickly. Using good real estate comps in these cases keeps you from selling the property for less then market value. Remember, you’re trying to make a profit and keep the whole process risk-free, so you will have to plan accordingly.

Your goal, then, as a house flipper, is to find under-valued properties, put them under contract, then market them as aggressively as possible. You want to sell the property within days if possible. Remember, you don’t get paid until the property is sold, so just holding onto a property with the hope that you will make an extra few dollars is the wrong attitude. Flipping this way is virtually risk free, because you are not actually buying the property, you are simply putting it under contract. If you are unable to sell it within a reasonable amount of time, you simply walk away – with no further liability.

Hopefully, these ideas will help motivate you to step out into the world of real estate investments and flipping properties. InvestorCompsOnline is here to assist you with that endeavor…join us today!