Monthly Archives: September 2016

Renovation For Profit

Renovation For ProfitWhen it comes to flipping houses, it’s a given that negotiating is everything. In fact, the real profit is made when you buy, not when you sell. Therefore, you must aim to get the best price possible on the front end when purchasing properties. Using real estate comps will allow you to do this.  By doing so, you will be able to build enough profit margin into your deals to make them worthwhile, as well as any extra cushion for unforeseen circumstances.

I want to share my 3-step process for negotiating deals for your house flipping business. In beginning negotiations with the seller, you will be amazed at the amount of information you can collect before you ever go to inspect a property. For example, it would be important to know if there were any foundational issues with the house before you ever get into your car, because this is most likely a property you may want to steer clear from.

Therefore, create a simple phone interview form you can use specifically for flipping houses, whenever somebody calls you. Include important property specifics, repair estimates, motivational indicators, and the asking price. Within 10 minutes, you should have a basic foundation to quickly decide whether or not the deal is worth pursuing.

Next you will need to inspect the property.  If you make it to this stage, keep in mind that their “lowest” price is typically negotiable unless they are asking what they owe. Therefore, casually mention on the phone that you will have to physically see the property first before you make a final decision. Be sure to mention that your offer may come in lower if the property ends up being in worse condition than you first imagined it to be over the phone. This sets the seller up for a counteroffer, and also provides an opportunity for you to test their flexibility.

Finally, your last step will be to have an experienced contractor (or another investor if you’re wholesaling) go through the property. However, be sure that you first have the property under contract with an inspection contingency, so that you gain a commitment from the seller. The importance of having a contract first, is that you now have initiated the buying process in the seller’s mind.

Whether you are wholesaling or doing retail flips, the same negotiation principles apply.  InvestorCompsOnline is available to assist with any real estate comps  The more you practice each principle, the better you will become at finding and negotiation bargain deals.

Reaping The Rewards Of Flipping Houses

Reaping The Rewards Of Flipping HousesFlipping houses can be extremely rewarding in many ways. When an investor uses real estate comps to bid on deals, it’s a win for them each time.  Let’s take a quick look at the ways we can be rewarded in real estate investing.

First is monetarily. When you take the proper time to learn how to flip houses the right way, you can wind up making a lot of money on it. You can start out part-time while you keep your conventional job. However, if you do this right, ultimately you will be able to leave your job behind and make a full-time living doing it.

Many investors have a chance to use their creative side when renovating properties as well. Flipping houses can also be rewarding to you if you enjoy the opportunity to take a property and make it a viable option for profit. When you fix up an ugly property and make it presentable, you can then opt to sell it or rent it out.  The key is to renovate the property to a blank canvas. DO NOT overdo it. After your prospective client buys the house, they may want to add their own touches to finish it. Use just enough creativity to make the home appealing to massive amounts of people so they will want to buy it.

Lastly, having the right team in place affords you the chance to help other entrepreneurs’…meaning you will be creating work for people. By creating work for people you help them earn money to meet their expenses and/or feed their families. In doing this you will be helping a lot of people. This can be the most rewarding aspect of all with regards to flipping houses. So, what are you waiting for? Stop by our website, and get started today.

New Real Estate Investor Mistakes To Avoid

New Real Estate Investor Mistakes To AvoidInvesting in Real Estate can be one of the best ways to accumulate wealth. InvestorCompsOnline can help you achieve your goals.  You can definitely make your mark and secure your future. But the successful real estate investors often make it look easier than it is and rarely advertises the mistakes that they’ve made. Here are a few mistakes that you don’t want to make as a new real estate investor.

  1. Being too greedy: Be realistic about how much profit is in a deal. My personal favorite saying is “You make your profit when you buy.” Use quality realtors, contractors, lawyers and tax professionals. They’re worth the money. You may be able to save a few dollars here and there, but when you do things the right way, you save money in the long run.
  1. Picking the wrong neighborhood: The neighborhood that you choose to invest in should have several nearby amenities.  It should be close to good schools, have long-term upward potential, and a good reputation. As a bonus tip, look for neighborhoods around you that have pleasant-sounding names. As unbelievable as it may sound, there is something to the fact that these are the places that people want to live. It’s not an absolute rule, but something to keep in mind.
  1. Not inspecting comparable properties: Strong real estate comps can be great for prospecting and getting an idea of general values in a specific area. However, once you begin to value a target property, it is a must that you find at least five comparable properties near your target property. After you do, you should go look at these properties yourself in order to get an idea of the differences between your property and the comps.

While the mistakes listed above are very common for new investors, you shouldn’t be dissuaded. Learning from doing is one of the best ways to learn, but an even better way to learn is to learn from other people’s experiences.  Allow us at InvestorCompsOnline to offer our years of experience to serve you.mistake-600x300

Making Real Estate Investments Work | Part Three

Making Real Estate Investments WorkFor the past couple of days we have been discussing what I feel are things to consider when branching out into the real estate investment field. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today will wrap up our discussion on real estate investment.

5) You get paid for solving problems. This is a business with a lot of problems. Sellers can get very emotional, or have a lot of financial trouble, at the time that you’ll be working with them. That’s stressful for anyone, especially when the transfer of a large asset like a house, apartment building or office/retail center is involved. Many investors for this very reason,  choose to deal with HUD properties only.  Working with HUD essentially takes the emotion out of the deal and brings the “business only” aspect back into the negotiating process.

Listen guys, no one says real estate is easy. What they will tell you is that it’s worth it, if you want financial freedom for you and your family. It can offer some great returns, but there’s a reason not everyone goes after them. Not every property is a winner and finding and acquiring the winners can be a challenge. However, if you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run. InvestorCompsOnline is here to serve your needs while you seek to make your profits.

Making Real Estate Investments Work | Part Two

Making Real Estate Investments WorkLast time, we discussed how that sometimes working in the real estate investment field there are certain things that are on-the-job training and some that you glean from others. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today I want to discuss negotiating and return on investment.

3) You have to become a master negotiator.  A lot of investors believe that if you find the motivated sellers, the deals are there for the taking. That’s almost true. Whether you’re working in commercial or residential real estate, you’ll get much better deals when you negotiate with a motivated seller. However, the key is that you must NEGOTIATE. You have to make offers that will work for you and engage the sellers in conversation. You have to find sellers that you think may be motivated and offer them your low cash offer or terms offer in order to see if they’re willing to work with you.

4) Figure out your ROI (return on investment). Sometimes, when you don’t have a deal, it’s easy to think “any” deal would be good. However, sometimes the best deals are the ones you PASS on – you “make” your money by saving yourself from some expensive mistakes. Don’t waste time on property that doesn’t make sense when you run the numbers. Don’t get emotionally attached just because someone says they’re motivated or willing to work out terms with you. Run the numbers. Always focus on the numbers.

Like I said yesterday,  I hope these two points, are helpful in your quest to being profitable in the real estate investment field.  Next time, I will be discussing, the business of managing and problem solving in your real estate deals.  If you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run.  InvestorCompsOnline is here to assist.

Monthly Archives: September 2016

Renovation For Profit

Renovation For ProfitWhen it comes to flipping houses, it’s a given that negotiating is everything. In fact, the real profit is made when you buy, not when you sell. Therefore, you must aim to get the best price possible on the front end when purchasing properties. Using real estate comps will allow you to do this.  By doing so, you will be able to build enough profit margin into your deals to make them worthwhile, as well as any extra cushion for unforeseen circumstances.

I want to share my 3-step process for negotiating deals for your house flipping business. In beginning negotiations with the seller, you will be amazed at the amount of information you can collect before you ever go to inspect a property. For example, it would be important to know if there were any foundational issues with the house before you ever get into your car, because this is most likely a property you may want to steer clear from.

Therefore, create a simple phone interview form you can use specifically for flipping houses, whenever somebody calls you. Include important property specifics, repair estimates, motivational indicators, and the asking price. Within 10 minutes, you should have a basic foundation to quickly decide whether or not the deal is worth pursuing.

Next you will need to inspect the property.  If you make it to this stage, keep in mind that their “lowest” price is typically negotiable unless they are asking what they owe. Therefore, casually mention on the phone that you will have to physically see the property first before you make a final decision. Be sure to mention that your offer may come in lower if the property ends up being in worse condition than you first imagined it to be over the phone. This sets the seller up for a counteroffer, and also provides an opportunity for you to test their flexibility.

Finally, your last step will be to have an experienced contractor (or another investor if you’re wholesaling) go through the property. However, be sure that you first have the property under contract with an inspection contingency, so that you gain a commitment from the seller. The importance of having a contract first, is that you now have initiated the buying process in the seller’s mind.

Whether you are wholesaling or doing retail flips, the same negotiation principles apply.  InvestorCompsOnline is available to assist with any real estate comps  The more you practice each principle, the better you will become at finding and negotiation bargain deals.

Reaping The Rewards Of Flipping Houses

Reaping The Rewards Of Flipping HousesFlipping houses can be extremely rewarding in many ways. When an investor uses real estate comps to bid on deals, it’s a win for them each time.  Let’s take a quick look at the ways we can be rewarded in real estate investing.

First is monetarily. When you take the proper time to learn how to flip houses the right way, you can wind up making a lot of money on it. You can start out part-time while you keep your conventional job. However, if you do this right, ultimately you will be able to leave your job behind and make a full-time living doing it.

Many investors have a chance to use their creative side when renovating properties as well. Flipping houses can also be rewarding to you if you enjoy the opportunity to take a property and make it a viable option for profit. When you fix up an ugly property and make it presentable, you can then opt to sell it or rent it out.  The key is to renovate the property to a blank canvas. DO NOT overdo it. After your prospective client buys the house, they may want to add their own touches to finish it. Use just enough creativity to make the home appealing to massive amounts of people so they will want to buy it.

Lastly, having the right team in place affords you the chance to help other entrepreneurs’…meaning you will be creating work for people. By creating work for people you help them earn money to meet their expenses and/or feed their families. In doing this you will be helping a lot of people. This can be the most rewarding aspect of all with regards to flipping houses. So, what are you waiting for? Stop by our website, and get started today.

New Real Estate Investor Mistakes To Avoid

New Real Estate Investor Mistakes To AvoidInvesting in Real Estate can be one of the best ways to accumulate wealth. InvestorCompsOnline can help you achieve your goals.  You can definitely make your mark and secure your future. But the successful real estate investors often make it look easier than it is and rarely advertises the mistakes that they’ve made. Here are a few mistakes that you don’t want to make as a new real estate investor.

  1. Being too greedy: Be realistic about how much profit is in a deal. My personal favorite saying is “You make your profit when you buy.” Use quality realtors, contractors, lawyers and tax professionals. They’re worth the money. You may be able to save a few dollars here and there, but when you do things the right way, you save money in the long run.
  1. Picking the wrong neighborhood: The neighborhood that you choose to invest in should have several nearby amenities.  It should be close to good schools, have long-term upward potential, and a good reputation. As a bonus tip, look for neighborhoods around you that have pleasant-sounding names. As unbelievable as it may sound, there is something to the fact that these are the places that people want to live. It’s not an absolute rule, but something to keep in mind.
  1. Not inspecting comparable properties: Strong real estate comps can be great for prospecting and getting an idea of general values in a specific area. However, once you begin to value a target property, it is a must that you find at least five comparable properties near your target property. After you do, you should go look at these properties yourself in order to get an idea of the differences between your property and the comps.

While the mistakes listed above are very common for new investors, you shouldn’t be dissuaded. Learning from doing is one of the best ways to learn, but an even better way to learn is to learn from other people’s experiences.  Allow us at InvestorCompsOnline to offer our years of experience to serve you.mistake-600x300

Making Real Estate Investments Work | Part Three

Making Real Estate Investments WorkFor the past couple of days we have been discussing what I feel are things to consider when branching out into the real estate investment field. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today will wrap up our discussion on real estate investment.

5) You get paid for solving problems. This is a business with a lot of problems. Sellers can get very emotional, or have a lot of financial trouble, at the time that you’ll be working with them. That’s stressful for anyone, especially when the transfer of a large asset like a house, apartment building or office/retail center is involved. Many investors for this very reason,  choose to deal with HUD properties only.  Working with HUD essentially takes the emotion out of the deal and brings the “business only” aspect back into the negotiating process.

Listen guys, no one says real estate is easy. What they will tell you is that it’s worth it, if you want financial freedom for you and your family. It can offer some great returns, but there’s a reason not everyone goes after them. Not every property is a winner and finding and acquiring the winners can be a challenge. However, if you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run. InvestorCompsOnline is here to serve your needs while you seek to make your profits.

Making Real Estate Investments Work | Part Two

Making Real Estate Investments WorkLast time, we discussed how that sometimes working in the real estate investment field there are certain things that are on-the-job training and some that you glean from others. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today I want to discuss negotiating and return on investment.

3) You have to become a master negotiator.  A lot of investors believe that if you find the motivated sellers, the deals are there for the taking. That’s almost true. Whether you’re working in commercial or residential real estate, you’ll get much better deals when you negotiate with a motivated seller. However, the key is that you must NEGOTIATE. You have to make offers that will work for you and engage the sellers in conversation. You have to find sellers that you think may be motivated and offer them your low cash offer or terms offer in order to see if they’re willing to work with you.

4) Figure out your ROI (return on investment). Sometimes, when you don’t have a deal, it’s easy to think “any” deal would be good. However, sometimes the best deals are the ones you PASS on – you “make” your money by saving yourself from some expensive mistakes. Don’t waste time on property that doesn’t make sense when you run the numbers. Don’t get emotionally attached just because someone says they’re motivated or willing to work out terms with you. Run the numbers. Always focus on the numbers.

Like I said yesterday,  I hope these two points, are helpful in your quest to being profitable in the real estate investment field.  Next time, I will be discussing, the business of managing and problem solving in your real estate deals.  If you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run.  InvestorCompsOnline is here to assist.

Monthly Archives: September 2016

Renovation For Profit

Renovation For ProfitWhen it comes to flipping houses, it’s a given that negotiating is everything. In fact, the real profit is made when you buy, not when you sell. Therefore, you must aim to get the best price possible on the front end when purchasing properties. Using real estate comps will allow you to do this.  By doing so, you will be able to build enough profit margin into your deals to make them worthwhile, as well as any extra cushion for unforeseen circumstances.

I want to share my 3-step process for negotiating deals for your house flipping business. In beginning negotiations with the seller, you will be amazed at the amount of information you can collect before you ever go to inspect a property. For example, it would be important to know if there were any foundational issues with the house before you ever get into your car, because this is most likely a property you may want to steer clear from.

Therefore, create a simple phone interview form you can use specifically for flipping houses, whenever somebody calls you. Include important property specifics, repair estimates, motivational indicators, and the asking price. Within 10 minutes, you should have a basic foundation to quickly decide whether or not the deal is worth pursuing.

Next you will need to inspect the property.  If you make it to this stage, keep in mind that their “lowest” price is typically negotiable unless they are asking what they owe. Therefore, casually mention on the phone that you will have to physically see the property first before you make a final decision. Be sure to mention that your offer may come in lower if the property ends up being in worse condition than you first imagined it to be over the phone. This sets the seller up for a counteroffer, and also provides an opportunity for you to test their flexibility.

Finally, your last step will be to have an experienced contractor (or another investor if you’re wholesaling) go through the property. However, be sure that you first have the property under contract with an inspection contingency, so that you gain a commitment from the seller. The importance of having a contract first, is that you now have initiated the buying process in the seller’s mind.

Whether you are wholesaling or doing retail flips, the same negotiation principles apply.  InvestorCompsOnline is available to assist with any real estate comps  The more you practice each principle, the better you will become at finding and negotiation bargain deals.

Reaping The Rewards Of Flipping Houses

Reaping The Rewards Of Flipping HousesFlipping houses can be extremely rewarding in many ways. When an investor uses real estate comps to bid on deals, it’s a win for them each time.  Let’s take a quick look at the ways we can be rewarded in real estate investing.

First is monetarily. When you take the proper time to learn how to flip houses the right way, you can wind up making a lot of money on it. You can start out part-time while you keep your conventional job. However, if you do this right, ultimately you will be able to leave your job behind and make a full-time living doing it.

Many investors have a chance to use their creative side when renovating properties as well. Flipping houses can also be rewarding to you if you enjoy the opportunity to take a property and make it a viable option for profit. When you fix up an ugly property and make it presentable, you can then opt to sell it or rent it out.  The key is to renovate the property to a blank canvas. DO NOT overdo it. After your prospective client buys the house, they may want to add their own touches to finish it. Use just enough creativity to make the home appealing to massive amounts of people so they will want to buy it.

Lastly, having the right team in place affords you the chance to help other entrepreneurs’…meaning you will be creating work for people. By creating work for people you help them earn money to meet their expenses and/or feed their families. In doing this you will be helping a lot of people. This can be the most rewarding aspect of all with regards to flipping houses. So, what are you waiting for? Stop by our website, and get started today.

New Real Estate Investor Mistakes To Avoid

New Real Estate Investor Mistakes To AvoidInvesting in Real Estate can be one of the best ways to accumulate wealth. InvestorCompsOnline can help you achieve your goals.  You can definitely make your mark and secure your future. But the successful real estate investors often make it look easier than it is and rarely advertises the mistakes that they’ve made. Here are a few mistakes that you don’t want to make as a new real estate investor.

  1. Being too greedy: Be realistic about how much profit is in a deal. My personal favorite saying is “You make your profit when you buy.” Use quality realtors, contractors, lawyers and tax professionals. They’re worth the money. You may be able to save a few dollars here and there, but when you do things the right way, you save money in the long run.
  1. Picking the wrong neighborhood: The neighborhood that you choose to invest in should have several nearby amenities.  It should be close to good schools, have long-term upward potential, and a good reputation. As a bonus tip, look for neighborhoods around you that have pleasant-sounding names. As unbelievable as it may sound, there is something to the fact that these are the places that people want to live. It’s not an absolute rule, but something to keep in mind.
  1. Not inspecting comparable properties: Strong real estate comps can be great for prospecting and getting an idea of general values in a specific area. However, once you begin to value a target property, it is a must that you find at least five comparable properties near your target property. After you do, you should go look at these properties yourself in order to get an idea of the differences between your property and the comps.

While the mistakes listed above are very common for new investors, you shouldn’t be dissuaded. Learning from doing is one of the best ways to learn, but an even better way to learn is to learn from other people’s experiences.  Allow us at InvestorCompsOnline to offer our years of experience to serve you.mistake-600x300

Making Real Estate Investments Work | Part Three

Making Real Estate Investments WorkFor the past couple of days we have been discussing what I feel are things to consider when branching out into the real estate investment field. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today will wrap up our discussion on real estate investment.

5) You get paid for solving problems. This is a business with a lot of problems. Sellers can get very emotional, or have a lot of financial trouble, at the time that you’ll be working with them. That’s stressful for anyone, especially when the transfer of a large asset like a house, apartment building or office/retail center is involved. Many investors for this very reason,  choose to deal with HUD properties only.  Working with HUD essentially takes the emotion out of the deal and brings the “business only” aspect back into the negotiating process.

Listen guys, no one says real estate is easy. What they will tell you is that it’s worth it, if you want financial freedom for you and your family. It can offer some great returns, but there’s a reason not everyone goes after them. Not every property is a winner and finding and acquiring the winners can be a challenge. However, if you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run. InvestorCompsOnline is here to serve your needs while you seek to make your profits.

Making Real Estate Investments Work | Part Two

Making Real Estate Investments WorkLast time, we discussed how that sometimes working in the real estate investment field there are certain things that are on-the-job training and some that you glean from others. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today I want to discuss negotiating and return on investment.

3) You have to become a master negotiator.  A lot of investors believe that if you find the motivated sellers, the deals are there for the taking. That’s almost true. Whether you’re working in commercial or residential real estate, you’ll get much better deals when you negotiate with a motivated seller. However, the key is that you must NEGOTIATE. You have to make offers that will work for you and engage the sellers in conversation. You have to find sellers that you think may be motivated and offer them your low cash offer or terms offer in order to see if they’re willing to work with you.

4) Figure out your ROI (return on investment). Sometimes, when you don’t have a deal, it’s easy to think “any” deal would be good. However, sometimes the best deals are the ones you PASS on – you “make” your money by saving yourself from some expensive mistakes. Don’t waste time on property that doesn’t make sense when you run the numbers. Don’t get emotionally attached just because someone says they’re motivated or willing to work out terms with you. Run the numbers. Always focus on the numbers.

Like I said yesterday,  I hope these two points, are helpful in your quest to being profitable in the real estate investment field.  Next time, I will be discussing, the business of managing and problem solving in your real estate deals.  If you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run.  InvestorCompsOnline is here to assist.

Monthly Archives: September 2016

Renovation For Profit

Renovation For ProfitWhen it comes to flipping houses, it’s a given that negotiating is everything. In fact, the real profit is made when you buy, not when you sell. Therefore, you must aim to get the best price possible on the front end when purchasing properties. Using real estate comps will allow you to do this.  By doing so, you will be able to build enough profit margin into your deals to make them worthwhile, as well as any extra cushion for unforeseen circumstances.

I want to share my 3-step process for negotiating deals for your house flipping business. In beginning negotiations with the seller, you will be amazed at the amount of information you can collect before you ever go to inspect a property. For example, it would be important to know if there were any foundational issues with the house before you ever get into your car, because this is most likely a property you may want to steer clear from.

Therefore, create a simple phone interview form you can use specifically for flipping houses, whenever somebody calls you. Include important property specifics, repair estimates, motivational indicators, and the asking price. Within 10 minutes, you should have a basic foundation to quickly decide whether or not the deal is worth pursuing.

Next you will need to inspect the property.  If you make it to this stage, keep in mind that their “lowest” price is typically negotiable unless they are asking what they owe. Therefore, casually mention on the phone that you will have to physically see the property first before you make a final decision. Be sure to mention that your offer may come in lower if the property ends up being in worse condition than you first imagined it to be over the phone. This sets the seller up for a counteroffer, and also provides an opportunity for you to test their flexibility.

Finally, your last step will be to have an experienced contractor (or another investor if you’re wholesaling) go through the property. However, be sure that you first have the property under contract with an inspection contingency, so that you gain a commitment from the seller. The importance of having a contract first, is that you now have initiated the buying process in the seller’s mind.

Whether you are wholesaling or doing retail flips, the same negotiation principles apply.  InvestorCompsOnline is available to assist with any real estate comps  The more you practice each principle, the better you will become at finding and negotiation bargain deals.

Reaping The Rewards Of Flipping Houses

Reaping The Rewards Of Flipping HousesFlipping houses can be extremely rewarding in many ways. When an investor uses real estate comps to bid on deals, it’s a win for them each time.  Let’s take a quick look at the ways we can be rewarded in real estate investing.

First is monetarily. When you take the proper time to learn how to flip houses the right way, you can wind up making a lot of money on it. You can start out part-time while you keep your conventional job. However, if you do this right, ultimately you will be able to leave your job behind and make a full-time living doing it.

Many investors have a chance to use their creative side when renovating properties as well. Flipping houses can also be rewarding to you if you enjoy the opportunity to take a property and make it a viable option for profit. When you fix up an ugly property and make it presentable, you can then opt to sell it or rent it out.  The key is to renovate the property to a blank canvas. DO NOT overdo it. After your prospective client buys the house, they may want to add their own touches to finish it. Use just enough creativity to make the home appealing to massive amounts of people so they will want to buy it.

Lastly, having the right team in place affords you the chance to help other entrepreneurs’…meaning you will be creating work for people. By creating work for people you help them earn money to meet their expenses and/or feed their families. In doing this you will be helping a lot of people. This can be the most rewarding aspect of all with regards to flipping houses. So, what are you waiting for? Stop by our website, and get started today.

New Real Estate Investor Mistakes To Avoid

New Real Estate Investor Mistakes To AvoidInvesting in Real Estate can be one of the best ways to accumulate wealth. InvestorCompsOnline can help you achieve your goals.  You can definitely make your mark and secure your future. But the successful real estate investors often make it look easier than it is and rarely advertises the mistakes that they’ve made. Here are a few mistakes that you don’t want to make as a new real estate investor.

  1. Being too greedy: Be realistic about how much profit is in a deal. My personal favorite saying is “You make your profit when you buy.” Use quality realtors, contractors, lawyers and tax professionals. They’re worth the money. You may be able to save a few dollars here and there, but when you do things the right way, you save money in the long run.
  1. Picking the wrong neighborhood: The neighborhood that you choose to invest in should have several nearby amenities.  It should be close to good schools, have long-term upward potential, and a good reputation. As a bonus tip, look for neighborhoods around you that have pleasant-sounding names. As unbelievable as it may sound, there is something to the fact that these are the places that people want to live. It’s not an absolute rule, but something to keep in mind.
  1. Not inspecting comparable properties: Strong real estate comps can be great for prospecting and getting an idea of general values in a specific area. However, once you begin to value a target property, it is a must that you find at least five comparable properties near your target property. After you do, you should go look at these properties yourself in order to get an idea of the differences between your property and the comps.

While the mistakes listed above are very common for new investors, you shouldn’t be dissuaded. Learning from doing is one of the best ways to learn, but an even better way to learn is to learn from other people’s experiences.  Allow us at InvestorCompsOnline to offer our years of experience to serve you.mistake-600x300

Making Real Estate Investments Work | Part Three

Making Real Estate Investments WorkFor the past couple of days we have been discussing what I feel are things to consider when branching out into the real estate investment field. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today will wrap up our discussion on real estate investment.

5) You get paid for solving problems. This is a business with a lot of problems. Sellers can get very emotional, or have a lot of financial trouble, at the time that you’ll be working with them. That’s stressful for anyone, especially when the transfer of a large asset like a house, apartment building or office/retail center is involved. Many investors for this very reason,  choose to deal with HUD properties only.  Working with HUD essentially takes the emotion out of the deal and brings the “business only” aspect back into the negotiating process.

Listen guys, no one says real estate is easy. What they will tell you is that it’s worth it, if you want financial freedom for you and your family. It can offer some great returns, but there’s a reason not everyone goes after them. Not every property is a winner and finding and acquiring the winners can be a challenge. However, if you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run. InvestorCompsOnline is here to serve your needs while you seek to make your profits.

Making Real Estate Investments Work | Part Two

Making Real Estate Investments WorkLast time, we discussed how that sometimes working in the real estate investment field there are certain things that are on-the-job training and some that you glean from others. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today I want to discuss negotiating and return on investment.

3) You have to become a master negotiator.  A lot of investors believe that if you find the motivated sellers, the deals are there for the taking. That’s almost true. Whether you’re working in commercial or residential real estate, you’ll get much better deals when you negotiate with a motivated seller. However, the key is that you must NEGOTIATE. You have to make offers that will work for you and engage the sellers in conversation. You have to find sellers that you think may be motivated and offer them your low cash offer or terms offer in order to see if they’re willing to work with you.

4) Figure out your ROI (return on investment). Sometimes, when you don’t have a deal, it’s easy to think “any” deal would be good. However, sometimes the best deals are the ones you PASS on – you “make” your money by saving yourself from some expensive mistakes. Don’t waste time on property that doesn’t make sense when you run the numbers. Don’t get emotionally attached just because someone says they’re motivated or willing to work out terms with you. Run the numbers. Always focus on the numbers.

Like I said yesterday,  I hope these two points, are helpful in your quest to being profitable in the real estate investment field.  Next time, I will be discussing, the business of managing and problem solving in your real estate deals.  If you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run.  InvestorCompsOnline is here to assist.

Monthly Archives: September 2016

Renovation For Profit

Renovation For ProfitWhen it comes to flipping houses, it’s a given that negotiating is everything. In fact, the real profit is made when you buy, not when you sell. Therefore, you must aim to get the best price possible on the front end when purchasing properties. Using real estate comps will allow you to do this.  By doing so, you will be able to build enough profit margin into your deals to make them worthwhile, as well as any extra cushion for unforeseen circumstances.

I want to share my 3-step process for negotiating deals for your house flipping business. In beginning negotiations with the seller, you will be amazed at the amount of information you can collect before you ever go to inspect a property. For example, it would be important to know if there were any foundational issues with the house before you ever get into your car, because this is most likely a property you may want to steer clear from.

Therefore, create a simple phone interview form you can use specifically for flipping houses, whenever somebody calls you. Include important property specifics, repair estimates, motivational indicators, and the asking price. Within 10 minutes, you should have a basic foundation to quickly decide whether or not the deal is worth pursuing.

Next you will need to inspect the property.  If you make it to this stage, keep in mind that their “lowest” price is typically negotiable unless they are asking what they owe. Therefore, casually mention on the phone that you will have to physically see the property first before you make a final decision. Be sure to mention that your offer may come in lower if the property ends up being in worse condition than you first imagined it to be over the phone. This sets the seller up for a counteroffer, and also provides an opportunity for you to test their flexibility.

Finally, your last step will be to have an experienced contractor (or another investor if you’re wholesaling) go through the property. However, be sure that you first have the property under contract with an inspection contingency, so that you gain a commitment from the seller. The importance of having a contract first, is that you now have initiated the buying process in the seller’s mind.

Whether you are wholesaling or doing retail flips, the same negotiation principles apply.  InvestorCompsOnline is available to assist with any real estate comps  The more you practice each principle, the better you will become at finding and negotiation bargain deals.

Reaping The Rewards Of Flipping Houses

Reaping The Rewards Of Flipping HousesFlipping houses can be extremely rewarding in many ways. When an investor uses real estate comps to bid on deals, it’s a win for them each time.  Let’s take a quick look at the ways we can be rewarded in real estate investing.

First is monetarily. When you take the proper time to learn how to flip houses the right way, you can wind up making a lot of money on it. You can start out part-time while you keep your conventional job. However, if you do this right, ultimately you will be able to leave your job behind and make a full-time living doing it.

Many investors have a chance to use their creative side when renovating properties as well. Flipping houses can also be rewarding to you if you enjoy the opportunity to take a property and make it a viable option for profit. When you fix up an ugly property and make it presentable, you can then opt to sell it or rent it out.  The key is to renovate the property to a blank canvas. DO NOT overdo it. After your prospective client buys the house, they may want to add their own touches to finish it. Use just enough creativity to make the home appealing to massive amounts of people so they will want to buy it.

Lastly, having the right team in place affords you the chance to help other entrepreneurs’…meaning you will be creating work for people. By creating work for people you help them earn money to meet their expenses and/or feed their families. In doing this you will be helping a lot of people. This can be the most rewarding aspect of all with regards to flipping houses. So, what are you waiting for? Stop by our website, and get started today.

New Real Estate Investor Mistakes To Avoid

New Real Estate Investor Mistakes To AvoidInvesting in Real Estate can be one of the best ways to accumulate wealth. InvestorCompsOnline can help you achieve your goals.  You can definitely make your mark and secure your future. But the successful real estate investors often make it look easier than it is and rarely advertises the mistakes that they’ve made. Here are a few mistakes that you don’t want to make as a new real estate investor.

  1. Being too greedy: Be realistic about how much profit is in a deal. My personal favorite saying is “You make your profit when you buy.” Use quality realtors, contractors, lawyers and tax professionals. They’re worth the money. You may be able to save a few dollars here and there, but when you do things the right way, you save money in the long run.
  1. Picking the wrong neighborhood: The neighborhood that you choose to invest in should have several nearby amenities.  It should be close to good schools, have long-term upward potential, and a good reputation. As a bonus tip, look for neighborhoods around you that have pleasant-sounding names. As unbelievable as it may sound, there is something to the fact that these are the places that people want to live. It’s not an absolute rule, but something to keep in mind.
  1. Not inspecting comparable properties: Strong real estate comps can be great for prospecting and getting an idea of general values in a specific area. However, once you begin to value a target property, it is a must that you find at least five comparable properties near your target property. After you do, you should go look at these properties yourself in order to get an idea of the differences between your property and the comps.

While the mistakes listed above are very common for new investors, you shouldn’t be dissuaded. Learning from doing is one of the best ways to learn, but an even better way to learn is to learn from other people’s experiences.  Allow us at InvestorCompsOnline to offer our years of experience to serve you.mistake-600x300

Making Real Estate Investments Work | Part Three

Making Real Estate Investments WorkFor the past couple of days we have been discussing what I feel are things to consider when branching out into the real estate investment field. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today will wrap up our discussion on real estate investment.

5) You get paid for solving problems. This is a business with a lot of problems. Sellers can get very emotional, or have a lot of financial trouble, at the time that you’ll be working with them. That’s stressful for anyone, especially when the transfer of a large asset like a house, apartment building or office/retail center is involved. Many investors for this very reason,  choose to deal with HUD properties only.  Working with HUD essentially takes the emotion out of the deal and brings the “business only” aspect back into the negotiating process.

Listen guys, no one says real estate is easy. What they will tell you is that it’s worth it, if you want financial freedom for you and your family. It can offer some great returns, but there’s a reason not everyone goes after them. Not every property is a winner and finding and acquiring the winners can be a challenge. However, if you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run. InvestorCompsOnline is here to serve your needs while you seek to make your profits.

Making Real Estate Investments Work | Part Two

Making Real Estate Investments WorkLast time, we discussed how that sometimes working in the real estate investment field there are certain things that are on-the-job training and some that you glean from others. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today I want to discuss negotiating and return on investment.

3) You have to become a master negotiator.  A lot of investors believe that if you find the motivated sellers, the deals are there for the taking. That’s almost true. Whether you’re working in commercial or residential real estate, you’ll get much better deals when you negotiate with a motivated seller. However, the key is that you must NEGOTIATE. You have to make offers that will work for you and engage the sellers in conversation. You have to find sellers that you think may be motivated and offer them your low cash offer or terms offer in order to see if they’re willing to work with you.

4) Figure out your ROI (return on investment). Sometimes, when you don’t have a deal, it’s easy to think “any” deal would be good. However, sometimes the best deals are the ones you PASS on – you “make” your money by saving yourself from some expensive mistakes. Don’t waste time on property that doesn’t make sense when you run the numbers. Don’t get emotionally attached just because someone says they’re motivated or willing to work out terms with you. Run the numbers. Always focus on the numbers.

Like I said yesterday,  I hope these two points, are helpful in your quest to being profitable in the real estate investment field.  Next time, I will be discussing, the business of managing and problem solving in your real estate deals.  If you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run.  InvestorCompsOnline is here to assist.

Monthly Archives: September 2016

Renovation For Profit

Renovation For ProfitWhen it comes to flipping houses, it’s a given that negotiating is everything. In fact, the real profit is made when you buy, not when you sell. Therefore, you must aim to get the best price possible on the front end when purchasing properties. Using real estate comps will allow you to do this.  By doing so, you will be able to build enough profit margin into your deals to make them worthwhile, as well as any extra cushion for unforeseen circumstances.

I want to share my 3-step process for negotiating deals for your house flipping business. In beginning negotiations with the seller, you will be amazed at the amount of information you can collect before you ever go to inspect a property. For example, it would be important to know if there were any foundational issues with the house before you ever get into your car, because this is most likely a property you may want to steer clear from.

Therefore, create a simple phone interview form you can use specifically for flipping houses, whenever somebody calls you. Include important property specifics, repair estimates, motivational indicators, and the asking price. Within 10 minutes, you should have a basic foundation to quickly decide whether or not the deal is worth pursuing.

Next you will need to inspect the property.  If you make it to this stage, keep in mind that their “lowest” price is typically negotiable unless they are asking what they owe. Therefore, casually mention on the phone that you will have to physically see the property first before you make a final decision. Be sure to mention that your offer may come in lower if the property ends up being in worse condition than you first imagined it to be over the phone. This sets the seller up for a counteroffer, and also provides an opportunity for you to test their flexibility.

Finally, your last step will be to have an experienced contractor (or another investor if you’re wholesaling) go through the property. However, be sure that you first have the property under contract with an inspection contingency, so that you gain a commitment from the seller. The importance of having a contract first, is that you now have initiated the buying process in the seller’s mind.

Whether you are wholesaling or doing retail flips, the same negotiation principles apply.  InvestorCompsOnline is available to assist with any real estate comps  The more you practice each principle, the better you will become at finding and negotiation bargain deals.

Reaping The Rewards Of Flipping Houses

Reaping The Rewards Of Flipping HousesFlipping houses can be extremely rewarding in many ways. When an investor uses real estate comps to bid on deals, it’s a win for them each time.  Let’s take a quick look at the ways we can be rewarded in real estate investing.

First is monetarily. When you take the proper time to learn how to flip houses the right way, you can wind up making a lot of money on it. You can start out part-time while you keep your conventional job. However, if you do this right, ultimately you will be able to leave your job behind and make a full-time living doing it.

Many investors have a chance to use their creative side when renovating properties as well. Flipping houses can also be rewarding to you if you enjoy the opportunity to take a property and make it a viable option for profit. When you fix up an ugly property and make it presentable, you can then opt to sell it or rent it out.  The key is to renovate the property to a blank canvas. DO NOT overdo it. After your prospective client buys the house, they may want to add their own touches to finish it. Use just enough creativity to make the home appealing to massive amounts of people so they will want to buy it.

Lastly, having the right team in place affords you the chance to help other entrepreneurs’…meaning you will be creating work for people. By creating work for people you help them earn money to meet their expenses and/or feed their families. In doing this you will be helping a lot of people. This can be the most rewarding aspect of all with regards to flipping houses. So, what are you waiting for? Stop by our website, and get started today.

New Real Estate Investor Mistakes To Avoid

New Real Estate Investor Mistakes To AvoidInvesting in Real Estate can be one of the best ways to accumulate wealth. InvestorCompsOnline can help you achieve your goals.  You can definitely make your mark and secure your future. But the successful real estate investors often make it look easier than it is and rarely advertises the mistakes that they’ve made. Here are a few mistakes that you don’t want to make as a new real estate investor.

  1. Being too greedy: Be realistic about how much profit is in a deal. My personal favorite saying is “You make your profit when you buy.” Use quality realtors, contractors, lawyers and tax professionals. They’re worth the money. You may be able to save a few dollars here and there, but when you do things the right way, you save money in the long run.
  1. Picking the wrong neighborhood: The neighborhood that you choose to invest in should have several nearby amenities.  It should be close to good schools, have long-term upward potential, and a good reputation. As a bonus tip, look for neighborhoods around you that have pleasant-sounding names. As unbelievable as it may sound, there is something to the fact that these are the places that people want to live. It’s not an absolute rule, but something to keep in mind.
  1. Not inspecting comparable properties: Strong real estate comps can be great for prospecting and getting an idea of general values in a specific area. However, once you begin to value a target property, it is a must that you find at least five comparable properties near your target property. After you do, you should go look at these properties yourself in order to get an idea of the differences between your property and the comps.

While the mistakes listed above are very common for new investors, you shouldn’t be dissuaded. Learning from doing is one of the best ways to learn, but an even better way to learn is to learn from other people’s experiences.  Allow us at InvestorCompsOnline to offer our years of experience to serve you.mistake-600x300

Making Real Estate Investments Work | Part Three

Making Real Estate Investments WorkFor the past couple of days we have been discussing what I feel are things to consider when branching out into the real estate investment field. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today will wrap up our discussion on real estate investment.

5) You get paid for solving problems. This is a business with a lot of problems. Sellers can get very emotional, or have a lot of financial trouble, at the time that you’ll be working with them. That’s stressful for anyone, especially when the transfer of a large asset like a house, apartment building or office/retail center is involved. Many investors for this very reason,  choose to deal with HUD properties only.  Working with HUD essentially takes the emotion out of the deal and brings the “business only” aspect back into the negotiating process.

Listen guys, no one says real estate is easy. What they will tell you is that it’s worth it, if you want financial freedom for you and your family. It can offer some great returns, but there’s a reason not everyone goes after them. Not every property is a winner and finding and acquiring the winners can be a challenge. However, if you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run. InvestorCompsOnline is here to serve your needs while you seek to make your profits.

Making Real Estate Investments Work | Part Two

Making Real Estate Investments WorkLast time, we discussed how that sometimes working in the real estate investment field there are certain things that are on-the-job training and some that you glean from others. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today I want to discuss negotiating and return on investment.

3) You have to become a master negotiator.  A lot of investors believe that if you find the motivated sellers, the deals are there for the taking. That’s almost true. Whether you’re working in commercial or residential real estate, you’ll get much better deals when you negotiate with a motivated seller. However, the key is that you must NEGOTIATE. You have to make offers that will work for you and engage the sellers in conversation. You have to find sellers that you think may be motivated and offer them your low cash offer or terms offer in order to see if they’re willing to work with you.

4) Figure out your ROI (return on investment). Sometimes, when you don’t have a deal, it’s easy to think “any” deal would be good. However, sometimes the best deals are the ones you PASS on – you “make” your money by saving yourself from some expensive mistakes. Don’t waste time on property that doesn’t make sense when you run the numbers. Don’t get emotionally attached just because someone says they’re motivated or willing to work out terms with you. Run the numbers. Always focus on the numbers.

Like I said yesterday,  I hope these two points, are helpful in your quest to being profitable in the real estate investment field.  Next time, I will be discussing, the business of managing and problem solving in your real estate deals.  If you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run.  InvestorCompsOnline is here to assist.

Monthly Archives: September 2016

Renovation For Profit

Renovation For ProfitWhen it comes to flipping houses, it’s a given that negotiating is everything. In fact, the real profit is made when you buy, not when you sell. Therefore, you must aim to get the best price possible on the front end when purchasing properties. Using real estate comps will allow you to do this.  By doing so, you will be able to build enough profit margin into your deals to make them worthwhile, as well as any extra cushion for unforeseen circumstances.

I want to share my 3-step process for negotiating deals for your house flipping business. In beginning negotiations with the seller, you will be amazed at the amount of information you can collect before you ever go to inspect a property. For example, it would be important to know if there were any foundational issues with the house before you ever get into your car, because this is most likely a property you may want to steer clear from.

Therefore, create a simple phone interview form you can use specifically for flipping houses, whenever somebody calls you. Include important property specifics, repair estimates, motivational indicators, and the asking price. Within 10 minutes, you should have a basic foundation to quickly decide whether or not the deal is worth pursuing.

Next you will need to inspect the property.  If you make it to this stage, keep in mind that their “lowest” price is typically negotiable unless they are asking what they owe. Therefore, casually mention on the phone that you will have to physically see the property first before you make a final decision. Be sure to mention that your offer may come in lower if the property ends up being in worse condition than you first imagined it to be over the phone. This sets the seller up for a counteroffer, and also provides an opportunity for you to test their flexibility.

Finally, your last step will be to have an experienced contractor (or another investor if you’re wholesaling) go through the property. However, be sure that you first have the property under contract with an inspection contingency, so that you gain a commitment from the seller. The importance of having a contract first, is that you now have initiated the buying process in the seller’s mind.

Whether you are wholesaling or doing retail flips, the same negotiation principles apply.  InvestorCompsOnline is available to assist with any real estate comps  The more you practice each principle, the better you will become at finding and negotiation bargain deals.

Reaping The Rewards Of Flipping Houses

Reaping The Rewards Of Flipping HousesFlipping houses can be extremely rewarding in many ways. When an investor uses real estate comps to bid on deals, it’s a win for them each time.  Let’s take a quick look at the ways we can be rewarded in real estate investing.

First is monetarily. When you take the proper time to learn how to flip houses the right way, you can wind up making a lot of money on it. You can start out part-time while you keep your conventional job. However, if you do this right, ultimately you will be able to leave your job behind and make a full-time living doing it.

Many investors have a chance to use their creative side when renovating properties as well. Flipping houses can also be rewarding to you if you enjoy the opportunity to take a property and make it a viable option for profit. When you fix up an ugly property and make it presentable, you can then opt to sell it or rent it out.  The key is to renovate the property to a blank canvas. DO NOT overdo it. After your prospective client buys the house, they may want to add their own touches to finish it. Use just enough creativity to make the home appealing to massive amounts of people so they will want to buy it.

Lastly, having the right team in place affords you the chance to help other entrepreneurs’…meaning you will be creating work for people. By creating work for people you help them earn money to meet their expenses and/or feed their families. In doing this you will be helping a lot of people. This can be the most rewarding aspect of all with regards to flipping houses. So, what are you waiting for? Stop by our website, and get started today.

New Real Estate Investor Mistakes To Avoid

New Real Estate Investor Mistakes To AvoidInvesting in Real Estate can be one of the best ways to accumulate wealth. InvestorCompsOnline can help you achieve your goals.  You can definitely make your mark and secure your future. But the successful real estate investors often make it look easier than it is and rarely advertises the mistakes that they’ve made. Here are a few mistakes that you don’t want to make as a new real estate investor.

  1. Being too greedy: Be realistic about how much profit is in a deal. My personal favorite saying is “You make your profit when you buy.” Use quality realtors, contractors, lawyers and tax professionals. They’re worth the money. You may be able to save a few dollars here and there, but when you do things the right way, you save money in the long run.
  1. Picking the wrong neighborhood: The neighborhood that you choose to invest in should have several nearby amenities.  It should be close to good schools, have long-term upward potential, and a good reputation. As a bonus tip, look for neighborhoods around you that have pleasant-sounding names. As unbelievable as it may sound, there is something to the fact that these are the places that people want to live. It’s not an absolute rule, but something to keep in mind.
  1. Not inspecting comparable properties: Strong real estate comps can be great for prospecting and getting an idea of general values in a specific area. However, once you begin to value a target property, it is a must that you find at least five comparable properties near your target property. After you do, you should go look at these properties yourself in order to get an idea of the differences between your property and the comps.

While the mistakes listed above are very common for new investors, you shouldn’t be dissuaded. Learning from doing is one of the best ways to learn, but an even better way to learn is to learn from other people’s experiences.  Allow us at InvestorCompsOnline to offer our years of experience to serve you.mistake-600x300

Making Real Estate Investments Work | Part Three

Making Real Estate Investments WorkFor the past couple of days we have been discussing what I feel are things to consider when branching out into the real estate investment field. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today will wrap up our discussion on real estate investment.

5) You get paid for solving problems. This is a business with a lot of problems. Sellers can get very emotional, or have a lot of financial trouble, at the time that you’ll be working with them. That’s stressful for anyone, especially when the transfer of a large asset like a house, apartment building or office/retail center is involved. Many investors for this very reason,  choose to deal with HUD properties only.  Working with HUD essentially takes the emotion out of the deal and brings the “business only” aspect back into the negotiating process.

Listen guys, no one says real estate is easy. What they will tell you is that it’s worth it, if you want financial freedom for you and your family. It can offer some great returns, but there’s a reason not everyone goes after them. Not every property is a winner and finding and acquiring the winners can be a challenge. However, if you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run. InvestorCompsOnline is here to serve your needs while you seek to make your profits.

Making Real Estate Investments Work | Part Two

Making Real Estate Investments WorkLast time, we discussed how that sometimes working in the real estate investment field there are certain things that are on-the-job training and some that you glean from others. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today I want to discuss negotiating and return on investment.

3) You have to become a master negotiator.  A lot of investors believe that if you find the motivated sellers, the deals are there for the taking. That’s almost true. Whether you’re working in commercial or residential real estate, you’ll get much better deals when you negotiate with a motivated seller. However, the key is that you must NEGOTIATE. You have to make offers that will work for you and engage the sellers in conversation. You have to find sellers that you think may be motivated and offer them your low cash offer or terms offer in order to see if they’re willing to work with you.

4) Figure out your ROI (return on investment). Sometimes, when you don’t have a deal, it’s easy to think “any” deal would be good. However, sometimes the best deals are the ones you PASS on – you “make” your money by saving yourself from some expensive mistakes. Don’t waste time on property that doesn’t make sense when you run the numbers. Don’t get emotionally attached just because someone says they’re motivated or willing to work out terms with you. Run the numbers. Always focus on the numbers.

Like I said yesterday,  I hope these two points, are helpful in your quest to being profitable in the real estate investment field.  Next time, I will be discussing, the business of managing and problem solving in your real estate deals.  If you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run.  InvestorCompsOnline is here to assist.

Monthly Archives: September 2016

Renovation For Profit

Renovation For ProfitWhen it comes to flipping houses, it’s a given that negotiating is everything. In fact, the real profit is made when you buy, not when you sell. Therefore, you must aim to get the best price possible on the front end when purchasing properties. Using real estate comps will allow you to do this.  By doing so, you will be able to build enough profit margin into your deals to make them worthwhile, as well as any extra cushion for unforeseen circumstances.

I want to share my 3-step process for negotiating deals for your house flipping business. In beginning negotiations with the seller, you will be amazed at the amount of information you can collect before you ever go to inspect a property. For example, it would be important to know if there were any foundational issues with the house before you ever get into your car, because this is most likely a property you may want to steer clear from.

Therefore, create a simple phone interview form you can use specifically for flipping houses, whenever somebody calls you. Include important property specifics, repair estimates, motivational indicators, and the asking price. Within 10 minutes, you should have a basic foundation to quickly decide whether or not the deal is worth pursuing.

Next you will need to inspect the property.  If you make it to this stage, keep in mind that their “lowest” price is typically negotiable unless they are asking what they owe. Therefore, casually mention on the phone that you will have to physically see the property first before you make a final decision. Be sure to mention that your offer may come in lower if the property ends up being in worse condition than you first imagined it to be over the phone. This sets the seller up for a counteroffer, and also provides an opportunity for you to test their flexibility.

Finally, your last step will be to have an experienced contractor (or another investor if you’re wholesaling) go through the property. However, be sure that you first have the property under contract with an inspection contingency, so that you gain a commitment from the seller. The importance of having a contract first, is that you now have initiated the buying process in the seller’s mind.

Whether you are wholesaling or doing retail flips, the same negotiation principles apply.  InvestorCompsOnline is available to assist with any real estate comps  The more you practice each principle, the better you will become at finding and negotiation bargain deals.

Reaping The Rewards Of Flipping Houses

Reaping The Rewards Of Flipping HousesFlipping houses can be extremely rewarding in many ways. When an investor uses real estate comps to bid on deals, it’s a win for them each time.  Let’s take a quick look at the ways we can be rewarded in real estate investing.

First is monetarily. When you take the proper time to learn how to flip houses the right way, you can wind up making a lot of money on it. You can start out part-time while you keep your conventional job. However, if you do this right, ultimately you will be able to leave your job behind and make a full-time living doing it.

Many investors have a chance to use their creative side when renovating properties as well. Flipping houses can also be rewarding to you if you enjoy the opportunity to take a property and make it a viable option for profit. When you fix up an ugly property and make it presentable, you can then opt to sell it or rent it out.  The key is to renovate the property to a blank canvas. DO NOT overdo it. After your prospective client buys the house, they may want to add their own touches to finish it. Use just enough creativity to make the home appealing to massive amounts of people so they will want to buy it.

Lastly, having the right team in place affords you the chance to help other entrepreneurs’…meaning you will be creating work for people. By creating work for people you help them earn money to meet their expenses and/or feed their families. In doing this you will be helping a lot of people. This can be the most rewarding aspect of all with regards to flipping houses. So, what are you waiting for? Stop by our website, and get started today.

New Real Estate Investor Mistakes To Avoid

New Real Estate Investor Mistakes To AvoidInvesting in Real Estate can be one of the best ways to accumulate wealth. InvestorCompsOnline can help you achieve your goals.  You can definitely make your mark and secure your future. But the successful real estate investors often make it look easier than it is and rarely advertises the mistakes that they’ve made. Here are a few mistakes that you don’t want to make as a new real estate investor.

  1. Being too greedy: Be realistic about how much profit is in a deal. My personal favorite saying is “You make your profit when you buy.” Use quality realtors, contractors, lawyers and tax professionals. They’re worth the money. You may be able to save a few dollars here and there, but when you do things the right way, you save money in the long run.
  1. Picking the wrong neighborhood: The neighborhood that you choose to invest in should have several nearby amenities.  It should be close to good schools, have long-term upward potential, and a good reputation. As a bonus tip, look for neighborhoods around you that have pleasant-sounding names. As unbelievable as it may sound, there is something to the fact that these are the places that people want to live. It’s not an absolute rule, but something to keep in mind.
  1. Not inspecting comparable properties: Strong real estate comps can be great for prospecting and getting an idea of general values in a specific area. However, once you begin to value a target property, it is a must that you find at least five comparable properties near your target property. After you do, you should go look at these properties yourself in order to get an idea of the differences between your property and the comps.

While the mistakes listed above are very common for new investors, you shouldn’t be dissuaded. Learning from doing is one of the best ways to learn, but an even better way to learn is to learn from other people’s experiences.  Allow us at InvestorCompsOnline to offer our years of experience to serve you.mistake-600x300

Making Real Estate Investments Work | Part Three

Making Real Estate Investments WorkFor the past couple of days we have been discussing what I feel are things to consider when branching out into the real estate investment field. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today will wrap up our discussion on real estate investment.

5) You get paid for solving problems. This is a business with a lot of problems. Sellers can get very emotional, or have a lot of financial trouble, at the time that you’ll be working with them. That’s stressful for anyone, especially when the transfer of a large asset like a house, apartment building or office/retail center is involved. Many investors for this very reason,  choose to deal with HUD properties only.  Working with HUD essentially takes the emotion out of the deal and brings the “business only” aspect back into the negotiating process.

Listen guys, no one says real estate is easy. What they will tell you is that it’s worth it, if you want financial freedom for you and your family. It can offer some great returns, but there’s a reason not everyone goes after them. Not every property is a winner and finding and acquiring the winners can be a challenge. However, if you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run. InvestorCompsOnline is here to serve your needs while you seek to make your profits.

Making Real Estate Investments Work | Part Two

Making Real Estate Investments WorkLast time, we discussed how that sometimes working in the real estate investment field there are certain things that are on-the-job training and some that you glean from others. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today I want to discuss negotiating and return on investment.

3) You have to become a master negotiator.  A lot of investors believe that if you find the motivated sellers, the deals are there for the taking. That’s almost true. Whether you’re working in commercial or residential real estate, you’ll get much better deals when you negotiate with a motivated seller. However, the key is that you must NEGOTIATE. You have to make offers that will work for you and engage the sellers in conversation. You have to find sellers that you think may be motivated and offer them your low cash offer or terms offer in order to see if they’re willing to work with you.

4) Figure out your ROI (return on investment). Sometimes, when you don’t have a deal, it’s easy to think “any” deal would be good. However, sometimes the best deals are the ones you PASS on – you “make” your money by saving yourself from some expensive mistakes. Don’t waste time on property that doesn’t make sense when you run the numbers. Don’t get emotionally attached just because someone says they’re motivated or willing to work out terms with you. Run the numbers. Always focus on the numbers.

Like I said yesterday,  I hope these two points, are helpful in your quest to being profitable in the real estate investment field.  Next time, I will be discussing, the business of managing and problem solving in your real estate deals.  If you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run.  InvestorCompsOnline is here to assist.

Monthly Archives: September 2016

Renovation For Profit

Renovation For ProfitWhen it comes to flipping houses, it’s a given that negotiating is everything. In fact, the real profit is made when you buy, not when you sell. Therefore, you must aim to get the best price possible on the front end when purchasing properties. Using real estate comps will allow you to do this.  By doing so, you will be able to build enough profit margin into your deals to make them worthwhile, as well as any extra cushion for unforeseen circumstances.

I want to share my 3-step process for negotiating deals for your house flipping business. In beginning negotiations with the seller, you will be amazed at the amount of information you can collect before you ever go to inspect a property. For example, it would be important to know if there were any foundational issues with the house before you ever get into your car, because this is most likely a property you may want to steer clear from.

Therefore, create a simple phone interview form you can use specifically for flipping houses, whenever somebody calls you. Include important property specifics, repair estimates, motivational indicators, and the asking price. Within 10 minutes, you should have a basic foundation to quickly decide whether or not the deal is worth pursuing.

Next you will need to inspect the property.  If you make it to this stage, keep in mind that their “lowest” price is typically negotiable unless they are asking what they owe. Therefore, casually mention on the phone that you will have to physically see the property first before you make a final decision. Be sure to mention that your offer may come in lower if the property ends up being in worse condition than you first imagined it to be over the phone. This sets the seller up for a counteroffer, and also provides an opportunity for you to test their flexibility.

Finally, your last step will be to have an experienced contractor (or another investor if you’re wholesaling) go through the property. However, be sure that you first have the property under contract with an inspection contingency, so that you gain a commitment from the seller. The importance of having a contract first, is that you now have initiated the buying process in the seller’s mind.

Whether you are wholesaling or doing retail flips, the same negotiation principles apply.  InvestorCompsOnline is available to assist with any real estate comps  The more you practice each principle, the better you will become at finding and negotiation bargain deals.

Reaping The Rewards Of Flipping Houses

Reaping The Rewards Of Flipping HousesFlipping houses can be extremely rewarding in many ways. When an investor uses real estate comps to bid on deals, it’s a win for them each time.  Let’s take a quick look at the ways we can be rewarded in real estate investing.

First is monetarily. When you take the proper time to learn how to flip houses the right way, you can wind up making a lot of money on it. You can start out part-time while you keep your conventional job. However, if you do this right, ultimately you will be able to leave your job behind and make a full-time living doing it.

Many investors have a chance to use their creative side when renovating properties as well. Flipping houses can also be rewarding to you if you enjoy the opportunity to take a property and make it a viable option for profit. When you fix up an ugly property and make it presentable, you can then opt to sell it or rent it out.  The key is to renovate the property to a blank canvas. DO NOT overdo it. After your prospective client buys the house, they may want to add their own touches to finish it. Use just enough creativity to make the home appealing to massive amounts of people so they will want to buy it.

Lastly, having the right team in place affords you the chance to help other entrepreneurs’…meaning you will be creating work for people. By creating work for people you help them earn money to meet their expenses and/or feed their families. In doing this you will be helping a lot of people. This can be the most rewarding aspect of all with regards to flipping houses. So, what are you waiting for? Stop by our website, and get started today.

New Real Estate Investor Mistakes To Avoid

New Real Estate Investor Mistakes To AvoidInvesting in Real Estate can be one of the best ways to accumulate wealth. InvestorCompsOnline can help you achieve your goals.  You can definitely make your mark and secure your future. But the successful real estate investors often make it look easier than it is and rarely advertises the mistakes that they’ve made. Here are a few mistakes that you don’t want to make as a new real estate investor.

  1. Being too greedy: Be realistic about how much profit is in a deal. My personal favorite saying is “You make your profit when you buy.” Use quality realtors, contractors, lawyers and tax professionals. They’re worth the money. You may be able to save a few dollars here and there, but when you do things the right way, you save money in the long run.
  1. Picking the wrong neighborhood: The neighborhood that you choose to invest in should have several nearby amenities.  It should be close to good schools, have long-term upward potential, and a good reputation. As a bonus tip, look for neighborhoods around you that have pleasant-sounding names. As unbelievable as it may sound, there is something to the fact that these are the places that people want to live. It’s not an absolute rule, but something to keep in mind.
  1. Not inspecting comparable properties: Strong real estate comps can be great for prospecting and getting an idea of general values in a specific area. However, once you begin to value a target property, it is a must that you find at least five comparable properties near your target property. After you do, you should go look at these properties yourself in order to get an idea of the differences between your property and the comps.

While the mistakes listed above are very common for new investors, you shouldn’t be dissuaded. Learning from doing is one of the best ways to learn, but an even better way to learn is to learn from other people’s experiences.  Allow us at InvestorCompsOnline to offer our years of experience to serve you.mistake-600x300

Making Real Estate Investments Work | Part Three

Making Real Estate Investments WorkFor the past couple of days we have been discussing what I feel are things to consider when branching out into the real estate investment field. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today will wrap up our discussion on real estate investment.

5) You get paid for solving problems. This is a business with a lot of problems. Sellers can get very emotional, or have a lot of financial trouble, at the time that you’ll be working with them. That’s stressful for anyone, especially when the transfer of a large asset like a house, apartment building or office/retail center is involved. Many investors for this very reason,  choose to deal with HUD properties only.  Working with HUD essentially takes the emotion out of the deal and brings the “business only” aspect back into the negotiating process.

Listen guys, no one says real estate is easy. What they will tell you is that it’s worth it, if you want financial freedom for you and your family. It can offer some great returns, but there’s a reason not everyone goes after them. Not every property is a winner and finding and acquiring the winners can be a challenge. However, if you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run. InvestorCompsOnline is here to serve your needs while you seek to make your profits.

Making Real Estate Investments Work | Part Two

Making Real Estate Investments WorkLast time, we discussed how that sometimes working in the real estate investment field there are certain things that are on-the-job training and some that you glean from others. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today I want to discuss negotiating and return on investment.

3) You have to become a master negotiator.  A lot of investors believe that if you find the motivated sellers, the deals are there for the taking. That’s almost true. Whether you’re working in commercial or residential real estate, you’ll get much better deals when you negotiate with a motivated seller. However, the key is that you must NEGOTIATE. You have to make offers that will work for you and engage the sellers in conversation. You have to find sellers that you think may be motivated and offer them your low cash offer or terms offer in order to see if they’re willing to work with you.

4) Figure out your ROI (return on investment). Sometimes, when you don’t have a deal, it’s easy to think “any” deal would be good. However, sometimes the best deals are the ones you PASS on – you “make” your money by saving yourself from some expensive mistakes. Don’t waste time on property that doesn’t make sense when you run the numbers. Don’t get emotionally attached just because someone says they’re motivated or willing to work out terms with you. Run the numbers. Always focus on the numbers.

Like I said yesterday,  I hope these two points, are helpful in your quest to being profitable in the real estate investment field.  Next time, I will be discussing, the business of managing and problem solving in your real estate deals.  If you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run.  InvestorCompsOnline is here to assist.

Monthly Archives: September 2016

Renovation For Profit

Renovation For ProfitWhen it comes to flipping houses, it’s a given that negotiating is everything. In fact, the real profit is made when you buy, not when you sell. Therefore, you must aim to get the best price possible on the front end when purchasing properties. Using real estate comps will allow you to do this.  By doing so, you will be able to build enough profit margin into your deals to make them worthwhile, as well as any extra cushion for unforeseen circumstances.

I want to share my 3-step process for negotiating deals for your house flipping business. In beginning negotiations with the seller, you will be amazed at the amount of information you can collect before you ever go to inspect a property. For example, it would be important to know if there were any foundational issues with the house before you ever get into your car, because this is most likely a property you may want to steer clear from.

Therefore, create a simple phone interview form you can use specifically for flipping houses, whenever somebody calls you. Include important property specifics, repair estimates, motivational indicators, and the asking price. Within 10 minutes, you should have a basic foundation to quickly decide whether or not the deal is worth pursuing.

Next you will need to inspect the property.  If you make it to this stage, keep in mind that their “lowest” price is typically negotiable unless they are asking what they owe. Therefore, casually mention on the phone that you will have to physically see the property first before you make a final decision. Be sure to mention that your offer may come in lower if the property ends up being in worse condition than you first imagined it to be over the phone. This sets the seller up for a counteroffer, and also provides an opportunity for you to test their flexibility.

Finally, your last step will be to have an experienced contractor (or another investor if you’re wholesaling) go through the property. However, be sure that you first have the property under contract with an inspection contingency, so that you gain a commitment from the seller. The importance of having a contract first, is that you now have initiated the buying process in the seller’s mind.

Whether you are wholesaling or doing retail flips, the same negotiation principles apply.  InvestorCompsOnline is available to assist with any real estate comps  The more you practice each principle, the better you will become at finding and negotiation bargain deals.

Reaping The Rewards Of Flipping Houses

Reaping The Rewards Of Flipping HousesFlipping houses can be extremely rewarding in many ways. When an investor uses real estate comps to bid on deals, it’s a win for them each time.  Let’s take a quick look at the ways we can be rewarded in real estate investing.

First is monetarily. When you take the proper time to learn how to flip houses the right way, you can wind up making a lot of money on it. You can start out part-time while you keep your conventional job. However, if you do this right, ultimately you will be able to leave your job behind and make a full-time living doing it.

Many investors have a chance to use their creative side when renovating properties as well. Flipping houses can also be rewarding to you if you enjoy the opportunity to take a property and make it a viable option for profit. When you fix up an ugly property and make it presentable, you can then opt to sell it or rent it out.  The key is to renovate the property to a blank canvas. DO NOT overdo it. After your prospective client buys the house, they may want to add their own touches to finish it. Use just enough creativity to make the home appealing to massive amounts of people so they will want to buy it.

Lastly, having the right team in place affords you the chance to help other entrepreneurs’…meaning you will be creating work for people. By creating work for people you help them earn money to meet their expenses and/or feed their families. In doing this you will be helping a lot of people. This can be the most rewarding aspect of all with regards to flipping houses. So, what are you waiting for? Stop by our website, and get started today.

New Real Estate Investor Mistakes To Avoid

New Real Estate Investor Mistakes To AvoidInvesting in Real Estate can be one of the best ways to accumulate wealth. InvestorCompsOnline can help you achieve your goals.  You can definitely make your mark and secure your future. But the successful real estate investors often make it look easier than it is and rarely advertises the mistakes that they’ve made. Here are a few mistakes that you don’t want to make as a new real estate investor.

  1. Being too greedy: Be realistic about how much profit is in a deal. My personal favorite saying is “You make your profit when you buy.” Use quality realtors, contractors, lawyers and tax professionals. They’re worth the money. You may be able to save a few dollars here and there, but when you do things the right way, you save money in the long run.
  1. Picking the wrong neighborhood: The neighborhood that you choose to invest in should have several nearby amenities.  It should be close to good schools, have long-term upward potential, and a good reputation. As a bonus tip, look for neighborhoods around you that have pleasant-sounding names. As unbelievable as it may sound, there is something to the fact that these are the places that people want to live. It’s not an absolute rule, but something to keep in mind.
  1. Not inspecting comparable properties: Strong real estate comps can be great for prospecting and getting an idea of general values in a specific area. However, once you begin to value a target property, it is a must that you find at least five comparable properties near your target property. After you do, you should go look at these properties yourself in order to get an idea of the differences between your property and the comps.

While the mistakes listed above are very common for new investors, you shouldn’t be dissuaded. Learning from doing is one of the best ways to learn, but an even better way to learn is to learn from other people’s experiences.  Allow us at InvestorCompsOnline to offer our years of experience to serve you.mistake-600x300

Making Real Estate Investments Work | Part Three

Making Real Estate Investments WorkFor the past couple of days we have been discussing what I feel are things to consider when branching out into the real estate investment field. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today will wrap up our discussion on real estate investment.

5) You get paid for solving problems. This is a business with a lot of problems. Sellers can get very emotional, or have a lot of financial trouble, at the time that you’ll be working with them. That’s stressful for anyone, especially when the transfer of a large asset like a house, apartment building or office/retail center is involved. Many investors for this very reason,  choose to deal with HUD properties only.  Working with HUD essentially takes the emotion out of the deal and brings the “business only” aspect back into the negotiating process.

Listen guys, no one says real estate is easy. What they will tell you is that it’s worth it, if you want financial freedom for you and your family. It can offer some great returns, but there’s a reason not everyone goes after them. Not every property is a winner and finding and acquiring the winners can be a challenge. However, if you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run. InvestorCompsOnline is here to serve your needs while you seek to make your profits.

Making Real Estate Investments Work | Part Two

Making Real Estate Investments WorkLast time, we discussed how that sometimes working in the real estate investment field there are certain things that are on-the-job training and some that you glean from others. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today I want to discuss negotiating and return on investment.

3) You have to become a master negotiator.  A lot of investors believe that if you find the motivated sellers, the deals are there for the taking. That’s almost true. Whether you’re working in commercial or residential real estate, you’ll get much better deals when you negotiate with a motivated seller. However, the key is that you must NEGOTIATE. You have to make offers that will work for you and engage the sellers in conversation. You have to find sellers that you think may be motivated and offer them your low cash offer or terms offer in order to see if they’re willing to work with you.

4) Figure out your ROI (return on investment). Sometimes, when you don’t have a deal, it’s easy to think “any” deal would be good. However, sometimes the best deals are the ones you PASS on – you “make” your money by saving yourself from some expensive mistakes. Don’t waste time on property that doesn’t make sense when you run the numbers. Don’t get emotionally attached just because someone says they’re motivated or willing to work out terms with you. Run the numbers. Always focus on the numbers.

Like I said yesterday,  I hope these two points, are helpful in your quest to being profitable in the real estate investment field.  Next time, I will be discussing, the business of managing and problem solving in your real estate deals.  If you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run.  InvestorCompsOnline is here to assist.

Monthly Archives: September 2016

Renovation For Profit

Renovation For ProfitWhen it comes to flipping houses, it’s a given that negotiating is everything. In fact, the real profit is made when you buy, not when you sell. Therefore, you must aim to get the best price possible on the front end when purchasing properties. Using real estate comps will allow you to do this.  By doing so, you will be able to build enough profit margin into your deals to make them worthwhile, as well as any extra cushion for unforeseen circumstances.

I want to share my 3-step process for negotiating deals for your house flipping business. In beginning negotiations with the seller, you will be amazed at the amount of information you can collect before you ever go to inspect a property. For example, it would be important to know if there were any foundational issues with the house before you ever get into your car, because this is most likely a property you may want to steer clear from.

Therefore, create a simple phone interview form you can use specifically for flipping houses, whenever somebody calls you. Include important property specifics, repair estimates, motivational indicators, and the asking price. Within 10 minutes, you should have a basic foundation to quickly decide whether or not the deal is worth pursuing.

Next you will need to inspect the property.  If you make it to this stage, keep in mind that their “lowest” price is typically negotiable unless they are asking what they owe. Therefore, casually mention on the phone that you will have to physically see the property first before you make a final decision. Be sure to mention that your offer may come in lower if the property ends up being in worse condition than you first imagined it to be over the phone. This sets the seller up for a counteroffer, and also provides an opportunity for you to test their flexibility.

Finally, your last step will be to have an experienced contractor (or another investor if you’re wholesaling) go through the property. However, be sure that you first have the property under contract with an inspection contingency, so that you gain a commitment from the seller. The importance of having a contract first, is that you now have initiated the buying process in the seller’s mind.

Whether you are wholesaling or doing retail flips, the same negotiation principles apply.  InvestorCompsOnline is available to assist with any real estate comps  The more you practice each principle, the better you will become at finding and negotiation bargain deals.

Reaping The Rewards Of Flipping Houses

Reaping The Rewards Of Flipping HousesFlipping houses can be extremely rewarding in many ways. When an investor uses real estate comps to bid on deals, it’s a win for them each time.  Let’s take a quick look at the ways we can be rewarded in real estate investing.

First is monetarily. When you take the proper time to learn how to flip houses the right way, you can wind up making a lot of money on it. You can start out part-time while you keep your conventional job. However, if you do this right, ultimately you will be able to leave your job behind and make a full-time living doing it.

Many investors have a chance to use their creative side when renovating properties as well. Flipping houses can also be rewarding to you if you enjoy the opportunity to take a property and make it a viable option for profit. When you fix up an ugly property and make it presentable, you can then opt to sell it or rent it out.  The key is to renovate the property to a blank canvas. DO NOT overdo it. After your prospective client buys the house, they may want to add their own touches to finish it. Use just enough creativity to make the home appealing to massive amounts of people so they will want to buy it.

Lastly, having the right team in place affords you the chance to help other entrepreneurs’…meaning you will be creating work for people. By creating work for people you help them earn money to meet their expenses and/or feed their families. In doing this you will be helping a lot of people. This can be the most rewarding aspect of all with regards to flipping houses. So, what are you waiting for? Stop by our website, and get started today.

New Real Estate Investor Mistakes To Avoid

New Real Estate Investor Mistakes To AvoidInvesting in Real Estate can be one of the best ways to accumulate wealth. InvestorCompsOnline can help you achieve your goals.  You can definitely make your mark and secure your future. But the successful real estate investors often make it look easier than it is and rarely advertises the mistakes that they’ve made. Here are a few mistakes that you don’t want to make as a new real estate investor.

  1. Being too greedy: Be realistic about how much profit is in a deal. My personal favorite saying is “You make your profit when you buy.” Use quality realtors, contractors, lawyers and tax professionals. They’re worth the money. You may be able to save a few dollars here and there, but when you do things the right way, you save money in the long run.
  1. Picking the wrong neighborhood: The neighborhood that you choose to invest in should have several nearby amenities.  It should be close to good schools, have long-term upward potential, and a good reputation. As a bonus tip, look for neighborhoods around you that have pleasant-sounding names. As unbelievable as it may sound, there is something to the fact that these are the places that people want to live. It’s not an absolute rule, but something to keep in mind.
  1. Not inspecting comparable properties: Strong real estate comps can be great for prospecting and getting an idea of general values in a specific area. However, once you begin to value a target property, it is a must that you find at least five comparable properties near your target property. After you do, you should go look at these properties yourself in order to get an idea of the differences between your property and the comps.

While the mistakes listed above are very common for new investors, you shouldn’t be dissuaded. Learning from doing is one of the best ways to learn, but an even better way to learn is to learn from other people’s experiences.  Allow us at InvestorCompsOnline to offer our years of experience to serve you.mistake-600x300

Making Real Estate Investments Work | Part Three

Making Real Estate Investments WorkFor the past couple of days we have been discussing what I feel are things to consider when branching out into the real estate investment field. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today will wrap up our discussion on real estate investment.

5) You get paid for solving problems. This is a business with a lot of problems. Sellers can get very emotional, or have a lot of financial trouble, at the time that you’ll be working with them. That’s stressful for anyone, especially when the transfer of a large asset like a house, apartment building or office/retail center is involved. Many investors for this very reason,  choose to deal with HUD properties only.  Working with HUD essentially takes the emotion out of the deal and brings the “business only” aspect back into the negotiating process.

Listen guys, no one says real estate is easy. What they will tell you is that it’s worth it, if you want financial freedom for you and your family. It can offer some great returns, but there’s a reason not everyone goes after them. Not every property is a winner and finding and acquiring the winners can be a challenge. However, if you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run. InvestorCompsOnline is here to serve your needs while you seek to make your profits.

Making Real Estate Investments Work | Part Two

Making Real Estate Investments WorkLast time, we discussed how that sometimes working in the real estate investment field there are certain things that are on-the-job training and some that you glean from others. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today I want to discuss negotiating and return on investment.

3) You have to become a master negotiator.  A lot of investors believe that if you find the motivated sellers, the deals are there for the taking. That’s almost true. Whether you’re working in commercial or residential real estate, you’ll get much better deals when you negotiate with a motivated seller. However, the key is that you must NEGOTIATE. You have to make offers that will work for you and engage the sellers in conversation. You have to find sellers that you think may be motivated and offer them your low cash offer or terms offer in order to see if they’re willing to work with you.

4) Figure out your ROI (return on investment). Sometimes, when you don’t have a deal, it’s easy to think “any” deal would be good. However, sometimes the best deals are the ones you PASS on – you “make” your money by saving yourself from some expensive mistakes. Don’t waste time on property that doesn’t make sense when you run the numbers. Don’t get emotionally attached just because someone says they’re motivated or willing to work out terms with you. Run the numbers. Always focus on the numbers.

Like I said yesterday,  I hope these two points, are helpful in your quest to being profitable in the real estate investment field.  Next time, I will be discussing, the business of managing and problem solving in your real estate deals.  If you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run.  InvestorCompsOnline is here to assist.

Monthly Archives: September 2016

Renovation For Profit

Renovation For ProfitWhen it comes to flipping houses, it’s a given that negotiating is everything. In fact, the real profit is made when you buy, not when you sell. Therefore, you must aim to get the best price possible on the front end when purchasing properties. Using real estate comps will allow you to do this.  By doing so, you will be able to build enough profit margin into your deals to make them worthwhile, as well as any extra cushion for unforeseen circumstances.

I want to share my 3-step process for negotiating deals for your house flipping business. In beginning negotiations with the seller, you will be amazed at the amount of information you can collect before you ever go to inspect a property. For example, it would be important to know if there were any foundational issues with the house before you ever get into your car, because this is most likely a property you may want to steer clear from.

Therefore, create a simple phone interview form you can use specifically for flipping houses, whenever somebody calls you. Include important property specifics, repair estimates, motivational indicators, and the asking price. Within 10 minutes, you should have a basic foundation to quickly decide whether or not the deal is worth pursuing.

Next you will need to inspect the property.  If you make it to this stage, keep in mind that their “lowest” price is typically negotiable unless they are asking what they owe. Therefore, casually mention on the phone that you will have to physically see the property first before you make a final decision. Be sure to mention that your offer may come in lower if the property ends up being in worse condition than you first imagined it to be over the phone. This sets the seller up for a counteroffer, and also provides an opportunity for you to test their flexibility.

Finally, your last step will be to have an experienced contractor (or another investor if you’re wholesaling) go through the property. However, be sure that you first have the property under contract with an inspection contingency, so that you gain a commitment from the seller. The importance of having a contract first, is that you now have initiated the buying process in the seller’s mind.

Whether you are wholesaling or doing retail flips, the same negotiation principles apply.  InvestorCompsOnline is available to assist with any real estate comps  The more you practice each principle, the better you will become at finding and negotiation bargain deals.

Reaping The Rewards Of Flipping Houses

Reaping The Rewards Of Flipping HousesFlipping houses can be extremely rewarding in many ways. When an investor uses real estate comps to bid on deals, it’s a win for them each time.  Let’s take a quick look at the ways we can be rewarded in real estate investing.

First is monetarily. When you take the proper time to learn how to flip houses the right way, you can wind up making a lot of money on it. You can start out part-time while you keep your conventional job. However, if you do this right, ultimately you will be able to leave your job behind and make a full-time living doing it.

Many investors have a chance to use their creative side when renovating properties as well. Flipping houses can also be rewarding to you if you enjoy the opportunity to take a property and make it a viable option for profit. When you fix up an ugly property and make it presentable, you can then opt to sell it or rent it out.  The key is to renovate the property to a blank canvas. DO NOT overdo it. After your prospective client buys the house, they may want to add their own touches to finish it. Use just enough creativity to make the home appealing to massive amounts of people so they will want to buy it.

Lastly, having the right team in place affords you the chance to help other entrepreneurs’…meaning you will be creating work for people. By creating work for people you help them earn money to meet their expenses and/or feed their families. In doing this you will be helping a lot of people. This can be the most rewarding aspect of all with regards to flipping houses. So, what are you waiting for? Stop by our website, and get started today.

New Real Estate Investor Mistakes To Avoid

New Real Estate Investor Mistakes To AvoidInvesting in Real Estate can be one of the best ways to accumulate wealth. InvestorCompsOnline can help you achieve your goals.  You can definitely make your mark and secure your future. But the successful real estate investors often make it look easier than it is and rarely advertises the mistakes that they’ve made. Here are a few mistakes that you don’t want to make as a new real estate investor.

  1. Being too greedy: Be realistic about how much profit is in a deal. My personal favorite saying is “You make your profit when you buy.” Use quality realtors, contractors, lawyers and tax professionals. They’re worth the money. You may be able to save a few dollars here and there, but when you do things the right way, you save money in the long run.
  1. Picking the wrong neighborhood: The neighborhood that you choose to invest in should have several nearby amenities.  It should be close to good schools, have long-term upward potential, and a good reputation. As a bonus tip, look for neighborhoods around you that have pleasant-sounding names. As unbelievable as it may sound, there is something to the fact that these are the places that people want to live. It’s not an absolute rule, but something to keep in mind.
  1. Not inspecting comparable properties: Strong real estate comps can be great for prospecting and getting an idea of general values in a specific area. However, once you begin to value a target property, it is a must that you find at least five comparable properties near your target property. After you do, you should go look at these properties yourself in order to get an idea of the differences between your property and the comps.

While the mistakes listed above are very common for new investors, you shouldn’t be dissuaded. Learning from doing is one of the best ways to learn, but an even better way to learn is to learn from other people’s experiences.  Allow us at InvestorCompsOnline to offer our years of experience to serve you.mistake-600x300

Making Real Estate Investments Work | Part Three

Making Real Estate Investments WorkFor the past couple of days we have been discussing what I feel are things to consider when branching out into the real estate investment field. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today will wrap up our discussion on real estate investment.

5) You get paid for solving problems. This is a business with a lot of problems. Sellers can get very emotional, or have a lot of financial trouble, at the time that you’ll be working with them. That’s stressful for anyone, especially when the transfer of a large asset like a house, apartment building or office/retail center is involved. Many investors for this very reason,  choose to deal with HUD properties only.  Working with HUD essentially takes the emotion out of the deal and brings the “business only” aspect back into the negotiating process.

Listen guys, no one says real estate is easy. What they will tell you is that it’s worth it, if you want financial freedom for you and your family. It can offer some great returns, but there’s a reason not everyone goes after them. Not every property is a winner and finding and acquiring the winners can be a challenge. However, if you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run. InvestorCompsOnline is here to serve your needs while you seek to make your profits.

Making Real Estate Investments Work | Part Two

Making Real Estate Investments WorkLast time, we discussed how that sometimes working in the real estate investment field there are certain things that are on-the-job training and some that you glean from others. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today I want to discuss negotiating and return on investment.

3) You have to become a master negotiator.  A lot of investors believe that if you find the motivated sellers, the deals are there for the taking. That’s almost true. Whether you’re working in commercial or residential real estate, you’ll get much better deals when you negotiate with a motivated seller. However, the key is that you must NEGOTIATE. You have to make offers that will work for you and engage the sellers in conversation. You have to find sellers that you think may be motivated and offer them your low cash offer or terms offer in order to see if they’re willing to work with you.

4) Figure out your ROI (return on investment). Sometimes, when you don’t have a deal, it’s easy to think “any” deal would be good. However, sometimes the best deals are the ones you PASS on – you “make” your money by saving yourself from some expensive mistakes. Don’t waste time on property that doesn’t make sense when you run the numbers. Don’t get emotionally attached just because someone says they’re motivated or willing to work out terms with you. Run the numbers. Always focus on the numbers.

Like I said yesterday,  I hope these two points, are helpful in your quest to being profitable in the real estate investment field.  Next time, I will be discussing, the business of managing and problem solving in your real estate deals.  If you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run.  InvestorCompsOnline is here to assist.

Monthly Archives: September 2016

Renovation For Profit

Renovation For ProfitWhen it comes to flipping houses, it’s a given that negotiating is everything. In fact, the real profit is made when you buy, not when you sell. Therefore, you must aim to get the best price possible on the front end when purchasing properties. Using real estate comps will allow you to do this.  By doing so, you will be able to build enough profit margin into your deals to make them worthwhile, as well as any extra cushion for unforeseen circumstances.

I want to share my 3-step process for negotiating deals for your house flipping business. In beginning negotiations with the seller, you will be amazed at the amount of information you can collect before you ever go to inspect a property. For example, it would be important to know if there were any foundational issues with the house before you ever get into your car, because this is most likely a property you may want to steer clear from.

Therefore, create a simple phone interview form you can use specifically for flipping houses, whenever somebody calls you. Include important property specifics, repair estimates, motivational indicators, and the asking price. Within 10 minutes, you should have a basic foundation to quickly decide whether or not the deal is worth pursuing.

Next you will need to inspect the property.  If you make it to this stage, keep in mind that their “lowest” price is typically negotiable unless they are asking what they owe. Therefore, casually mention on the phone that you will have to physically see the property first before you make a final decision. Be sure to mention that your offer may come in lower if the property ends up being in worse condition than you first imagined it to be over the phone. This sets the seller up for a counteroffer, and also provides an opportunity for you to test their flexibility.

Finally, your last step will be to have an experienced contractor (or another investor if you’re wholesaling) go through the property. However, be sure that you first have the property under contract with an inspection contingency, so that you gain a commitment from the seller. The importance of having a contract first, is that you now have initiated the buying process in the seller’s mind.

Whether you are wholesaling or doing retail flips, the same negotiation principles apply.  InvestorCompsOnline is available to assist with any real estate comps  The more you practice each principle, the better you will become at finding and negotiation bargain deals.

Reaping The Rewards Of Flipping Houses

Reaping The Rewards Of Flipping HousesFlipping houses can be extremely rewarding in many ways. When an investor uses real estate comps to bid on deals, it’s a win for them each time.  Let’s take a quick look at the ways we can be rewarded in real estate investing.

First is monetarily. When you take the proper time to learn how to flip houses the right way, you can wind up making a lot of money on it. You can start out part-time while you keep your conventional job. However, if you do this right, ultimately you will be able to leave your job behind and make a full-time living doing it.

Many investors have a chance to use their creative side when renovating properties as well. Flipping houses can also be rewarding to you if you enjoy the opportunity to take a property and make it a viable option for profit. When you fix up an ugly property and make it presentable, you can then opt to sell it or rent it out.  The key is to renovate the property to a blank canvas. DO NOT overdo it. After your prospective client buys the house, they may want to add their own touches to finish it. Use just enough creativity to make the home appealing to massive amounts of people so they will want to buy it.

Lastly, having the right team in place affords you the chance to help other entrepreneurs’…meaning you will be creating work for people. By creating work for people you help them earn money to meet their expenses and/or feed their families. In doing this you will be helping a lot of people. This can be the most rewarding aspect of all with regards to flipping houses. So, what are you waiting for? Stop by our website, and get started today.

New Real Estate Investor Mistakes To Avoid

New Real Estate Investor Mistakes To AvoidInvesting in Real Estate can be one of the best ways to accumulate wealth. InvestorCompsOnline can help you achieve your goals.  You can definitely make your mark and secure your future. But the successful real estate investors often make it look easier than it is and rarely advertises the mistakes that they’ve made. Here are a few mistakes that you don’t want to make as a new real estate investor.

  1. Being too greedy: Be realistic about how much profit is in a deal. My personal favorite saying is “You make your profit when you buy.” Use quality realtors, contractors, lawyers and tax professionals. They’re worth the money. You may be able to save a few dollars here and there, but when you do things the right way, you save money in the long run.
  1. Picking the wrong neighborhood: The neighborhood that you choose to invest in should have several nearby amenities.  It should be close to good schools, have long-term upward potential, and a good reputation. As a bonus tip, look for neighborhoods around you that have pleasant-sounding names. As unbelievable as it may sound, there is something to the fact that these are the places that people want to live. It’s not an absolute rule, but something to keep in mind.
  1. Not inspecting comparable properties: Strong real estate comps can be great for prospecting and getting an idea of general values in a specific area. However, once you begin to value a target property, it is a must that you find at least five comparable properties near your target property. After you do, you should go look at these properties yourself in order to get an idea of the differences between your property and the comps.

While the mistakes listed above are very common for new investors, you shouldn’t be dissuaded. Learning from doing is one of the best ways to learn, but an even better way to learn is to learn from other people’s experiences.  Allow us at InvestorCompsOnline to offer our years of experience to serve you.mistake-600x300

Making Real Estate Investments Work | Part Three

Making Real Estate Investments WorkFor the past couple of days we have been discussing what I feel are things to consider when branching out into the real estate investment field. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today will wrap up our discussion on real estate investment.

5) You get paid for solving problems. This is a business with a lot of problems. Sellers can get very emotional, or have a lot of financial trouble, at the time that you’ll be working with them. That’s stressful for anyone, especially when the transfer of a large asset like a house, apartment building or office/retail center is involved. Many investors for this very reason,  choose to deal with HUD properties only.  Working with HUD essentially takes the emotion out of the deal and brings the “business only” aspect back into the negotiating process.

Listen guys, no one says real estate is easy. What they will tell you is that it’s worth it, if you want financial freedom for you and your family. It can offer some great returns, but there’s a reason not everyone goes after them. Not every property is a winner and finding and acquiring the winners can be a challenge. However, if you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run. InvestorCompsOnline is here to serve your needs while you seek to make your profits.

Making Real Estate Investments Work | Part Two

Making Real Estate Investments WorkLast time, we discussed how that sometimes working in the real estate investment field there are certain things that are on-the-job training and some that you glean from others. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today I want to discuss negotiating and return on investment.

3) You have to become a master negotiator.  A lot of investors believe that if you find the motivated sellers, the deals are there for the taking. That’s almost true. Whether you’re working in commercial or residential real estate, you’ll get much better deals when you negotiate with a motivated seller. However, the key is that you must NEGOTIATE. You have to make offers that will work for you and engage the sellers in conversation. You have to find sellers that you think may be motivated and offer them your low cash offer or terms offer in order to see if they’re willing to work with you.

4) Figure out your ROI (return on investment). Sometimes, when you don’t have a deal, it’s easy to think “any” deal would be good. However, sometimes the best deals are the ones you PASS on – you “make” your money by saving yourself from some expensive mistakes. Don’t waste time on property that doesn’t make sense when you run the numbers. Don’t get emotionally attached just because someone says they’re motivated or willing to work out terms with you. Run the numbers. Always focus on the numbers.

Like I said yesterday,  I hope these two points, are helpful in your quest to being profitable in the real estate investment field.  Next time, I will be discussing, the business of managing and problem solving in your real estate deals.  If you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run.  InvestorCompsOnline is here to assist.

Monthly Archives: September 2016

Renovation For Profit

Renovation For ProfitWhen it comes to flipping houses, it’s a given that negotiating is everything. In fact, the real profit is made when you buy, not when you sell. Therefore, you must aim to get the best price possible on the front end when purchasing properties. Using real estate comps will allow you to do this.  By doing so, you will be able to build enough profit margin into your deals to make them worthwhile, as well as any extra cushion for unforeseen circumstances.

I want to share my 3-step process for negotiating deals for your house flipping business. In beginning negotiations with the seller, you will be amazed at the amount of information you can collect before you ever go to inspect a property. For example, it would be important to know if there were any foundational issues with the house before you ever get into your car, because this is most likely a property you may want to steer clear from.

Therefore, create a simple phone interview form you can use specifically for flipping houses, whenever somebody calls you. Include important property specifics, repair estimates, motivational indicators, and the asking price. Within 10 minutes, you should have a basic foundation to quickly decide whether or not the deal is worth pursuing.

Next you will need to inspect the property.  If you make it to this stage, keep in mind that their “lowest” price is typically negotiable unless they are asking what they owe. Therefore, casually mention on the phone that you will have to physically see the property first before you make a final decision. Be sure to mention that your offer may come in lower if the property ends up being in worse condition than you first imagined it to be over the phone. This sets the seller up for a counteroffer, and also provides an opportunity for you to test their flexibility.

Finally, your last step will be to have an experienced contractor (or another investor if you’re wholesaling) go through the property. However, be sure that you first have the property under contract with an inspection contingency, so that you gain a commitment from the seller. The importance of having a contract first, is that you now have initiated the buying process in the seller’s mind.

Whether you are wholesaling or doing retail flips, the same negotiation principles apply.  InvestorCompsOnline is available to assist with any real estate comps  The more you practice each principle, the better you will become at finding and negotiation bargain deals.

Reaping The Rewards Of Flipping Houses

Reaping The Rewards Of Flipping HousesFlipping houses can be extremely rewarding in many ways. When an investor uses real estate comps to bid on deals, it’s a win for them each time.  Let’s take a quick look at the ways we can be rewarded in real estate investing.

First is monetarily. When you take the proper time to learn how to flip houses the right way, you can wind up making a lot of money on it. You can start out part-time while you keep your conventional job. However, if you do this right, ultimately you will be able to leave your job behind and make a full-time living doing it.

Many investors have a chance to use their creative side when renovating properties as well. Flipping houses can also be rewarding to you if you enjoy the opportunity to take a property and make it a viable option for profit. When you fix up an ugly property and make it presentable, you can then opt to sell it or rent it out.  The key is to renovate the property to a blank canvas. DO NOT overdo it. After your prospective client buys the house, they may want to add their own touches to finish it. Use just enough creativity to make the home appealing to massive amounts of people so they will want to buy it.

Lastly, having the right team in place affords you the chance to help other entrepreneurs’…meaning you will be creating work for people. By creating work for people you help them earn money to meet their expenses and/or feed their families. In doing this you will be helping a lot of people. This can be the most rewarding aspect of all with regards to flipping houses. So, what are you waiting for? Stop by our website, and get started today.

New Real Estate Investor Mistakes To Avoid

New Real Estate Investor Mistakes To AvoidInvesting in Real Estate can be one of the best ways to accumulate wealth. InvestorCompsOnline can help you achieve your goals.  You can definitely make your mark and secure your future. But the successful real estate investors often make it look easier than it is and rarely advertises the mistakes that they’ve made. Here are a few mistakes that you don’t want to make as a new real estate investor.

  1. Being too greedy: Be realistic about how much profit is in a deal. My personal favorite saying is “You make your profit when you buy.” Use quality realtors, contractors, lawyers and tax professionals. They’re worth the money. You may be able to save a few dollars here and there, but when you do things the right way, you save money in the long run.
  1. Picking the wrong neighborhood: The neighborhood that you choose to invest in should have several nearby amenities.  It should be close to good schools, have long-term upward potential, and a good reputation. As a bonus tip, look for neighborhoods around you that have pleasant-sounding names. As unbelievable as it may sound, there is something to the fact that these are the places that people want to live. It’s not an absolute rule, but something to keep in mind.
  1. Not inspecting comparable properties: Strong real estate comps can be great for prospecting and getting an idea of general values in a specific area. However, once you begin to value a target property, it is a must that you find at least five comparable properties near your target property. After you do, you should go look at these properties yourself in order to get an idea of the differences between your property and the comps.

While the mistakes listed above are very common for new investors, you shouldn’t be dissuaded. Learning from doing is one of the best ways to learn, but an even better way to learn is to learn from other people’s experiences.  Allow us at InvestorCompsOnline to offer our years of experience to serve you.mistake-600x300

Making Real Estate Investments Work | Part Three

Making Real Estate Investments WorkFor the past couple of days we have been discussing what I feel are things to consider when branching out into the real estate investment field. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today will wrap up our discussion on real estate investment.

5) You get paid for solving problems. This is a business with a lot of problems. Sellers can get very emotional, or have a lot of financial trouble, at the time that you’ll be working with them. That’s stressful for anyone, especially when the transfer of a large asset like a house, apartment building or office/retail center is involved. Many investors for this very reason,  choose to deal with HUD properties only.  Working with HUD essentially takes the emotion out of the deal and brings the “business only” aspect back into the negotiating process.

Listen guys, no one says real estate is easy. What they will tell you is that it’s worth it, if you want financial freedom for you and your family. It can offer some great returns, but there’s a reason not everyone goes after them. Not every property is a winner and finding and acquiring the winners can be a challenge. However, if you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run. InvestorCompsOnline is here to serve your needs while you seek to make your profits.

Making Real Estate Investments Work | Part Two

Making Real Estate Investments WorkLast time, we discussed how that sometimes working in the real estate investment field there are certain things that are on-the-job training and some that you glean from others. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today I want to discuss negotiating and return on investment.

3) You have to become a master negotiator.  A lot of investors believe that if you find the motivated sellers, the deals are there for the taking. That’s almost true. Whether you’re working in commercial or residential real estate, you’ll get much better deals when you negotiate with a motivated seller. However, the key is that you must NEGOTIATE. You have to make offers that will work for you and engage the sellers in conversation. You have to find sellers that you think may be motivated and offer them your low cash offer or terms offer in order to see if they’re willing to work with you.

4) Figure out your ROI (return on investment). Sometimes, when you don’t have a deal, it’s easy to think “any” deal would be good. However, sometimes the best deals are the ones you PASS on – you “make” your money by saving yourself from some expensive mistakes. Don’t waste time on property that doesn’t make sense when you run the numbers. Don’t get emotionally attached just because someone says they’re motivated or willing to work out terms with you. Run the numbers. Always focus on the numbers.

Like I said yesterday,  I hope these two points, are helpful in your quest to being profitable in the real estate investment field.  Next time, I will be discussing, the business of managing and problem solving in your real estate deals.  If you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run.  InvestorCompsOnline is here to assist.

Monthly Archives: September 2016

Renovation For Profit

Renovation For ProfitWhen it comes to flipping houses, it’s a given that negotiating is everything. In fact, the real profit is made when you buy, not when you sell. Therefore, you must aim to get the best price possible on the front end when purchasing properties. Using real estate comps will allow you to do this.  By doing so, you will be able to build enough profit margin into your deals to make them worthwhile, as well as any extra cushion for unforeseen circumstances.

I want to share my 3-step process for negotiating deals for your house flipping business. In beginning negotiations with the seller, you will be amazed at the amount of information you can collect before you ever go to inspect a property. For example, it would be important to know if there were any foundational issues with the house before you ever get into your car, because this is most likely a property you may want to steer clear from.

Therefore, create a simple phone interview form you can use specifically for flipping houses, whenever somebody calls you. Include important property specifics, repair estimates, motivational indicators, and the asking price. Within 10 minutes, you should have a basic foundation to quickly decide whether or not the deal is worth pursuing.

Next you will need to inspect the property.  If you make it to this stage, keep in mind that their “lowest” price is typically negotiable unless they are asking what they owe. Therefore, casually mention on the phone that you will have to physically see the property first before you make a final decision. Be sure to mention that your offer may come in lower if the property ends up being in worse condition than you first imagined it to be over the phone. This sets the seller up for a counteroffer, and also provides an opportunity for you to test their flexibility.

Finally, your last step will be to have an experienced contractor (or another investor if you’re wholesaling) go through the property. However, be sure that you first have the property under contract with an inspection contingency, so that you gain a commitment from the seller. The importance of having a contract first, is that you now have initiated the buying process in the seller’s mind.

Whether you are wholesaling or doing retail flips, the same negotiation principles apply.  InvestorCompsOnline is available to assist with any real estate comps  The more you practice each principle, the better you will become at finding and negotiation bargain deals.

Reaping The Rewards Of Flipping Houses

Reaping The Rewards Of Flipping HousesFlipping houses can be extremely rewarding in many ways. When an investor uses real estate comps to bid on deals, it’s a win for them each time.  Let’s take a quick look at the ways we can be rewarded in real estate investing.

First is monetarily. When you take the proper time to learn how to flip houses the right way, you can wind up making a lot of money on it. You can start out part-time while you keep your conventional job. However, if you do this right, ultimately you will be able to leave your job behind and make a full-time living doing it.

Many investors have a chance to use their creative side when renovating properties as well. Flipping houses can also be rewarding to you if you enjoy the opportunity to take a property and make it a viable option for profit. When you fix up an ugly property and make it presentable, you can then opt to sell it or rent it out.  The key is to renovate the property to a blank canvas. DO NOT overdo it. After your prospective client buys the house, they may want to add their own touches to finish it. Use just enough creativity to make the home appealing to massive amounts of people so they will want to buy it.

Lastly, having the right team in place affords you the chance to help other entrepreneurs’…meaning you will be creating work for people. By creating work for people you help them earn money to meet their expenses and/or feed their families. In doing this you will be helping a lot of people. This can be the most rewarding aspect of all with regards to flipping houses. So, what are you waiting for? Stop by our website, and get started today.

New Real Estate Investor Mistakes To Avoid

New Real Estate Investor Mistakes To AvoidInvesting in Real Estate can be one of the best ways to accumulate wealth. InvestorCompsOnline can help you achieve your goals.  You can definitely make your mark and secure your future. But the successful real estate investors often make it look easier than it is and rarely advertises the mistakes that they’ve made. Here are a few mistakes that you don’t want to make as a new real estate investor.

  1. Being too greedy: Be realistic about how much profit is in a deal. My personal favorite saying is “You make your profit when you buy.” Use quality realtors, contractors, lawyers and tax professionals. They’re worth the money. You may be able to save a few dollars here and there, but when you do things the right way, you save money in the long run.
  1. Picking the wrong neighborhood: The neighborhood that you choose to invest in should have several nearby amenities.  It should be close to good schools, have long-term upward potential, and a good reputation. As a bonus tip, look for neighborhoods around you that have pleasant-sounding names. As unbelievable as it may sound, there is something to the fact that these are the places that people want to live. It’s not an absolute rule, but something to keep in mind.
  1. Not inspecting comparable properties: Strong real estate comps can be great for prospecting and getting an idea of general values in a specific area. However, once you begin to value a target property, it is a must that you find at least five comparable properties near your target property. After you do, you should go look at these properties yourself in order to get an idea of the differences between your property and the comps.

While the mistakes listed above are very common for new investors, you shouldn’t be dissuaded. Learning from doing is one of the best ways to learn, but an even better way to learn is to learn from other people’s experiences.  Allow us at InvestorCompsOnline to offer our years of experience to serve you.mistake-600x300

Making Real Estate Investments Work | Part Three

Making Real Estate Investments WorkFor the past couple of days we have been discussing what I feel are things to consider when branching out into the real estate investment field. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today will wrap up our discussion on real estate investment.

5) You get paid for solving problems. This is a business with a lot of problems. Sellers can get very emotional, or have a lot of financial trouble, at the time that you’ll be working with them. That’s stressful for anyone, especially when the transfer of a large asset like a house, apartment building or office/retail center is involved. Many investors for this very reason,  choose to deal with HUD properties only.  Working with HUD essentially takes the emotion out of the deal and brings the “business only” aspect back into the negotiating process.

Listen guys, no one says real estate is easy. What they will tell you is that it’s worth it, if you want financial freedom for you and your family. It can offer some great returns, but there’s a reason not everyone goes after them. Not every property is a winner and finding and acquiring the winners can be a challenge. However, if you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run. InvestorCompsOnline is here to serve your needs while you seek to make your profits.

Making Real Estate Investments Work | Part Two

Making Real Estate Investments WorkLast time, we discussed how that sometimes working in the real estate investment field there are certain things that are on-the-job training and some that you glean from others. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today I want to discuss negotiating and return on investment.

3) You have to become a master negotiator.  A lot of investors believe that if you find the motivated sellers, the deals are there for the taking. That’s almost true. Whether you’re working in commercial or residential real estate, you’ll get much better deals when you negotiate with a motivated seller. However, the key is that you must NEGOTIATE. You have to make offers that will work for you and engage the sellers in conversation. You have to find sellers that you think may be motivated and offer them your low cash offer or terms offer in order to see if they’re willing to work with you.

4) Figure out your ROI (return on investment). Sometimes, when you don’t have a deal, it’s easy to think “any” deal would be good. However, sometimes the best deals are the ones you PASS on – you “make” your money by saving yourself from some expensive mistakes. Don’t waste time on property that doesn’t make sense when you run the numbers. Don’t get emotionally attached just because someone says they’re motivated or willing to work out terms with you. Run the numbers. Always focus on the numbers.

Like I said yesterday,  I hope these two points, are helpful in your quest to being profitable in the real estate investment field.  Next time, I will be discussing, the business of managing and problem solving in your real estate deals.  If you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run.  InvestorCompsOnline is here to assist.

Monthly Archives: September 2016

Renovation For Profit

Renovation For ProfitWhen it comes to flipping houses, it’s a given that negotiating is everything. In fact, the real profit is made when you buy, not when you sell. Therefore, you must aim to get the best price possible on the front end when purchasing properties. Using real estate comps will allow you to do this.  By doing so, you will be able to build enough profit margin into your deals to make them worthwhile, as well as any extra cushion for unforeseen circumstances.

I want to share my 3-step process for negotiating deals for your house flipping business. In beginning negotiations with the seller, you will be amazed at the amount of information you can collect before you ever go to inspect a property. For example, it would be important to know if there were any foundational issues with the house before you ever get into your car, because this is most likely a property you may want to steer clear from.

Therefore, create a simple phone interview form you can use specifically for flipping houses, whenever somebody calls you. Include important property specifics, repair estimates, motivational indicators, and the asking price. Within 10 minutes, you should have a basic foundation to quickly decide whether or not the deal is worth pursuing.

Next you will need to inspect the property.  If you make it to this stage, keep in mind that their “lowest” price is typically negotiable unless they are asking what they owe. Therefore, casually mention on the phone that you will have to physically see the property first before you make a final decision. Be sure to mention that your offer may come in lower if the property ends up being in worse condition than you first imagined it to be over the phone. This sets the seller up for a counteroffer, and also provides an opportunity for you to test their flexibility.

Finally, your last step will be to have an experienced contractor (or another investor if you’re wholesaling) go through the property. However, be sure that you first have the property under contract with an inspection contingency, so that you gain a commitment from the seller. The importance of having a contract first, is that you now have initiated the buying process in the seller’s mind.

Whether you are wholesaling or doing retail flips, the same negotiation principles apply.  InvestorCompsOnline is available to assist with any real estate comps  The more you practice each principle, the better you will become at finding and negotiation bargain deals.

Reaping The Rewards Of Flipping Houses

Reaping The Rewards Of Flipping HousesFlipping houses can be extremely rewarding in many ways. When an investor uses real estate comps to bid on deals, it’s a win for them each time.  Let’s take a quick look at the ways we can be rewarded in real estate investing.

First is monetarily. When you take the proper time to learn how to flip houses the right way, you can wind up making a lot of money on it. You can start out part-time while you keep your conventional job. However, if you do this right, ultimately you will be able to leave your job behind and make a full-time living doing it.

Many investors have a chance to use their creative side when renovating properties as well. Flipping houses can also be rewarding to you if you enjoy the opportunity to take a property and make it a viable option for profit. When you fix up an ugly property and make it presentable, you can then opt to sell it or rent it out.  The key is to renovate the property to a blank canvas. DO NOT overdo it. After your prospective client buys the house, they may want to add their own touches to finish it. Use just enough creativity to make the home appealing to massive amounts of people so they will want to buy it.

Lastly, having the right team in place affords you the chance to help other entrepreneurs’…meaning you will be creating work for people. By creating work for people you help them earn money to meet their expenses and/or feed their families. In doing this you will be helping a lot of people. This can be the most rewarding aspect of all with regards to flipping houses. So, what are you waiting for? Stop by our website, and get started today.

New Real Estate Investor Mistakes To Avoid

New Real Estate Investor Mistakes To AvoidInvesting in Real Estate can be one of the best ways to accumulate wealth. InvestorCompsOnline can help you achieve your goals.  You can definitely make your mark and secure your future. But the successful real estate investors often make it look easier than it is and rarely advertises the mistakes that they’ve made. Here are a few mistakes that you don’t want to make as a new real estate investor.

  1. Being too greedy: Be realistic about how much profit is in a deal. My personal favorite saying is “You make your profit when you buy.” Use quality realtors, contractors, lawyers and tax professionals. They’re worth the money. You may be able to save a few dollars here and there, but when you do things the right way, you save money in the long run.
  1. Picking the wrong neighborhood: The neighborhood that you choose to invest in should have several nearby amenities.  It should be close to good schools, have long-term upward potential, and a good reputation. As a bonus tip, look for neighborhoods around you that have pleasant-sounding names. As unbelievable as it may sound, there is something to the fact that these are the places that people want to live. It’s not an absolute rule, but something to keep in mind.
  1. Not inspecting comparable properties: Strong real estate comps can be great for prospecting and getting an idea of general values in a specific area. However, once you begin to value a target property, it is a must that you find at least five comparable properties near your target property. After you do, you should go look at these properties yourself in order to get an idea of the differences between your property and the comps.

While the mistakes listed above are very common for new investors, you shouldn’t be dissuaded. Learning from doing is one of the best ways to learn, but an even better way to learn is to learn from other people’s experiences.  Allow us at InvestorCompsOnline to offer our years of experience to serve you.mistake-600x300

Making Real Estate Investments Work | Part Three

Making Real Estate Investments WorkFor the past couple of days we have been discussing what I feel are things to consider when branching out into the real estate investment field. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today will wrap up our discussion on real estate investment.

5) You get paid for solving problems. This is a business with a lot of problems. Sellers can get very emotional, or have a lot of financial trouble, at the time that you’ll be working with them. That’s stressful for anyone, especially when the transfer of a large asset like a house, apartment building or office/retail center is involved. Many investors for this very reason,  choose to deal with HUD properties only.  Working with HUD essentially takes the emotion out of the deal and brings the “business only” aspect back into the negotiating process.

Listen guys, no one says real estate is easy. What they will tell you is that it’s worth it, if you want financial freedom for you and your family. It can offer some great returns, but there’s a reason not everyone goes after them. Not every property is a winner and finding and acquiring the winners can be a challenge. However, if you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run. InvestorCompsOnline is here to serve your needs while you seek to make your profits.

Making Real Estate Investments Work | Part Two

Making Real Estate Investments WorkLast time, we discussed how that sometimes working in the real estate investment field there are certain things that are on-the-job training and some that you glean from others. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today I want to discuss negotiating and return on investment.

3) You have to become a master negotiator.  A lot of investors believe that if you find the motivated sellers, the deals are there for the taking. That’s almost true. Whether you’re working in commercial or residential real estate, you’ll get much better deals when you negotiate with a motivated seller. However, the key is that you must NEGOTIATE. You have to make offers that will work for you and engage the sellers in conversation. You have to find sellers that you think may be motivated and offer them your low cash offer or terms offer in order to see if they’re willing to work with you.

4) Figure out your ROI (return on investment). Sometimes, when you don’t have a deal, it’s easy to think “any” deal would be good. However, sometimes the best deals are the ones you PASS on – you “make” your money by saving yourself from some expensive mistakes. Don’t waste time on property that doesn’t make sense when you run the numbers. Don’t get emotionally attached just because someone says they’re motivated or willing to work out terms with you. Run the numbers. Always focus on the numbers.

Like I said yesterday,  I hope these two points, are helpful in your quest to being profitable in the real estate investment field.  Next time, I will be discussing, the business of managing and problem solving in your real estate deals.  If you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run.  InvestorCompsOnline is here to assist.

Monthly Archives: September 2016

Renovation For Profit

Renovation For ProfitWhen it comes to flipping houses, it’s a given that negotiating is everything. In fact, the real profit is made when you buy, not when you sell. Therefore, you must aim to get the best price possible on the front end when purchasing properties. Using real estate comps will allow you to do this.  By doing so, you will be able to build enough profit margin into your deals to make them worthwhile, as well as any extra cushion for unforeseen circumstances.

I want to share my 3-step process for negotiating deals for your house flipping business. In beginning negotiations with the seller, you will be amazed at the amount of information you can collect before you ever go to inspect a property. For example, it would be important to know if there were any foundational issues with the house before you ever get into your car, because this is most likely a property you may want to steer clear from.

Therefore, create a simple phone interview form you can use specifically for flipping houses, whenever somebody calls you. Include important property specifics, repair estimates, motivational indicators, and the asking price. Within 10 minutes, you should have a basic foundation to quickly decide whether or not the deal is worth pursuing.

Next you will need to inspect the property.  If you make it to this stage, keep in mind that their “lowest” price is typically negotiable unless they are asking what they owe. Therefore, casually mention on the phone that you will have to physically see the property first before you make a final decision. Be sure to mention that your offer may come in lower if the property ends up being in worse condition than you first imagined it to be over the phone. This sets the seller up for a counteroffer, and also provides an opportunity for you to test their flexibility.

Finally, your last step will be to have an experienced contractor (or another investor if you’re wholesaling) go through the property. However, be sure that you first have the property under contract with an inspection contingency, so that you gain a commitment from the seller. The importance of having a contract first, is that you now have initiated the buying process in the seller’s mind.

Whether you are wholesaling or doing retail flips, the same negotiation principles apply.  InvestorCompsOnline is available to assist with any real estate comps  The more you practice each principle, the better you will become at finding and negotiation bargain deals.

Reaping The Rewards Of Flipping Houses

Reaping The Rewards Of Flipping HousesFlipping houses can be extremely rewarding in many ways. When an investor uses real estate comps to bid on deals, it’s a win for them each time.  Let’s take a quick look at the ways we can be rewarded in real estate investing.

First is monetarily. When you take the proper time to learn how to flip houses the right way, you can wind up making a lot of money on it. You can start out part-time while you keep your conventional job. However, if you do this right, ultimately you will be able to leave your job behind and make a full-time living doing it.

Many investors have a chance to use their creative side when renovating properties as well. Flipping houses can also be rewarding to you if you enjoy the opportunity to take a property and make it a viable option for profit. When you fix up an ugly property and make it presentable, you can then opt to sell it or rent it out.  The key is to renovate the property to a blank canvas. DO NOT overdo it. After your prospective client buys the house, they may want to add their own touches to finish it. Use just enough creativity to make the home appealing to massive amounts of people so they will want to buy it.

Lastly, having the right team in place affords you the chance to help other entrepreneurs’…meaning you will be creating work for people. By creating work for people you help them earn money to meet their expenses and/or feed their families. In doing this you will be helping a lot of people. This can be the most rewarding aspect of all with regards to flipping houses. So, what are you waiting for? Stop by our website, and get started today.

New Real Estate Investor Mistakes To Avoid

New Real Estate Investor Mistakes To AvoidInvesting in Real Estate can be one of the best ways to accumulate wealth. InvestorCompsOnline can help you achieve your goals.  You can definitely make your mark and secure your future. But the successful real estate investors often make it look easier than it is and rarely advertises the mistakes that they’ve made. Here are a few mistakes that you don’t want to make as a new real estate investor.

  1. Being too greedy: Be realistic about how much profit is in a deal. My personal favorite saying is “You make your profit when you buy.” Use quality realtors, contractors, lawyers and tax professionals. They’re worth the money. You may be able to save a few dollars here and there, but when you do things the right way, you save money in the long run.
  1. Picking the wrong neighborhood: The neighborhood that you choose to invest in should have several nearby amenities.  It should be close to good schools, have long-term upward potential, and a good reputation. As a bonus tip, look for neighborhoods around you that have pleasant-sounding names. As unbelievable as it may sound, there is something to the fact that these are the places that people want to live. It’s not an absolute rule, but something to keep in mind.
  1. Not inspecting comparable properties: Strong real estate comps can be great for prospecting and getting an idea of general values in a specific area. However, once you begin to value a target property, it is a must that you find at least five comparable properties near your target property. After you do, you should go look at these properties yourself in order to get an idea of the differences between your property and the comps.

While the mistakes listed above are very common for new investors, you shouldn’t be dissuaded. Learning from doing is one of the best ways to learn, but an even better way to learn is to learn from other people’s experiences.  Allow us at InvestorCompsOnline to offer our years of experience to serve you.mistake-600x300

Making Real Estate Investments Work | Part Three

Making Real Estate Investments WorkFor the past couple of days we have been discussing what I feel are things to consider when branching out into the real estate investment field. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today will wrap up our discussion on real estate investment.

5) You get paid for solving problems. This is a business with a lot of problems. Sellers can get very emotional, or have a lot of financial trouble, at the time that you’ll be working with them. That’s stressful for anyone, especially when the transfer of a large asset like a house, apartment building or office/retail center is involved. Many investors for this very reason,  choose to deal with HUD properties only.  Working with HUD essentially takes the emotion out of the deal and brings the “business only” aspect back into the negotiating process.

Listen guys, no one says real estate is easy. What they will tell you is that it’s worth it, if you want financial freedom for you and your family. It can offer some great returns, but there’s a reason not everyone goes after them. Not every property is a winner and finding and acquiring the winners can be a challenge. However, if you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run. InvestorCompsOnline is here to serve your needs while you seek to make your profits.

Making Real Estate Investments Work | Part Two

Making Real Estate Investments WorkLast time, we discussed how that sometimes working in the real estate investment field there are certain things that are on-the-job training and some that you glean from others. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today I want to discuss negotiating and return on investment.

3) You have to become a master negotiator.  A lot of investors believe that if you find the motivated sellers, the deals are there for the taking. That’s almost true. Whether you’re working in commercial or residential real estate, you’ll get much better deals when you negotiate with a motivated seller. However, the key is that you must NEGOTIATE. You have to make offers that will work for you and engage the sellers in conversation. You have to find sellers that you think may be motivated and offer them your low cash offer or terms offer in order to see if they’re willing to work with you.

4) Figure out your ROI (return on investment). Sometimes, when you don’t have a deal, it’s easy to think “any” deal would be good. However, sometimes the best deals are the ones you PASS on – you “make” your money by saving yourself from some expensive mistakes. Don’t waste time on property that doesn’t make sense when you run the numbers. Don’t get emotionally attached just because someone says they’re motivated or willing to work out terms with you. Run the numbers. Always focus on the numbers.

Like I said yesterday,  I hope these two points, are helpful in your quest to being profitable in the real estate investment field.  Next time, I will be discussing, the business of managing and problem solving in your real estate deals.  If you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run.  InvestorCompsOnline is here to assist.

Monthly Archives: September 2016

Renovation For Profit

Renovation For ProfitWhen it comes to flipping houses, it’s a given that negotiating is everything. In fact, the real profit is made when you buy, not when you sell. Therefore, you must aim to get the best price possible on the front end when purchasing properties. Using real estate comps will allow you to do this.  By doing so, you will be able to build enough profit margin into your deals to make them worthwhile, as well as any extra cushion for unforeseen circumstances.

I want to share my 3-step process for negotiating deals for your house flipping business. In beginning negotiations with the seller, you will be amazed at the amount of information you can collect before you ever go to inspect a property. For example, it would be important to know if there were any foundational issues with the house before you ever get into your car, because this is most likely a property you may want to steer clear from.

Therefore, create a simple phone interview form you can use specifically for flipping houses, whenever somebody calls you. Include important property specifics, repair estimates, motivational indicators, and the asking price. Within 10 minutes, you should have a basic foundation to quickly decide whether or not the deal is worth pursuing.

Next you will need to inspect the property.  If you make it to this stage, keep in mind that their “lowest” price is typically negotiable unless they are asking what they owe. Therefore, casually mention on the phone that you will have to physically see the property first before you make a final decision. Be sure to mention that your offer may come in lower if the property ends up being in worse condition than you first imagined it to be over the phone. This sets the seller up for a counteroffer, and also provides an opportunity for you to test their flexibility.

Finally, your last step will be to have an experienced contractor (or another investor if you’re wholesaling) go through the property. However, be sure that you first have the property under contract with an inspection contingency, so that you gain a commitment from the seller. The importance of having a contract first, is that you now have initiated the buying process in the seller’s mind.

Whether you are wholesaling or doing retail flips, the same negotiation principles apply.  InvestorCompsOnline is available to assist with any real estate comps  The more you practice each principle, the better you will become at finding and negotiation bargain deals.

Reaping The Rewards Of Flipping Houses

Reaping The Rewards Of Flipping HousesFlipping houses can be extremely rewarding in many ways. When an investor uses real estate comps to bid on deals, it’s a win for them each time.  Let’s take a quick look at the ways we can be rewarded in real estate investing.

First is monetarily. When you take the proper time to learn how to flip houses the right way, you can wind up making a lot of money on it. You can start out part-time while you keep your conventional job. However, if you do this right, ultimately you will be able to leave your job behind and make a full-time living doing it.

Many investors have a chance to use their creative side when renovating properties as well. Flipping houses can also be rewarding to you if you enjoy the opportunity to take a property and make it a viable option for profit. When you fix up an ugly property and make it presentable, you can then opt to sell it or rent it out.  The key is to renovate the property to a blank canvas. DO NOT overdo it. After your prospective client buys the house, they may want to add their own touches to finish it. Use just enough creativity to make the home appealing to massive amounts of people so they will want to buy it.

Lastly, having the right team in place affords you the chance to help other entrepreneurs’…meaning you will be creating work for people. By creating work for people you help them earn money to meet their expenses and/or feed their families. In doing this you will be helping a lot of people. This can be the most rewarding aspect of all with regards to flipping houses. So, what are you waiting for? Stop by our website, and get started today.

New Real Estate Investor Mistakes To Avoid

New Real Estate Investor Mistakes To AvoidInvesting in Real Estate can be one of the best ways to accumulate wealth. InvestorCompsOnline can help you achieve your goals.  You can definitely make your mark and secure your future. But the successful real estate investors often make it look easier than it is and rarely advertises the mistakes that they’ve made. Here are a few mistakes that you don’t want to make as a new real estate investor.

  1. Being too greedy: Be realistic about how much profit is in a deal. My personal favorite saying is “You make your profit when you buy.” Use quality realtors, contractors, lawyers and tax professionals. They’re worth the money. You may be able to save a few dollars here and there, but when you do things the right way, you save money in the long run.
  1. Picking the wrong neighborhood: The neighborhood that you choose to invest in should have several nearby amenities.  It should be close to good schools, have long-term upward potential, and a good reputation. As a bonus tip, look for neighborhoods around you that have pleasant-sounding names. As unbelievable as it may sound, there is something to the fact that these are the places that people want to live. It’s not an absolute rule, but something to keep in mind.
  1. Not inspecting comparable properties: Strong real estate comps can be great for prospecting and getting an idea of general values in a specific area. However, once you begin to value a target property, it is a must that you find at least five comparable properties near your target property. After you do, you should go look at these properties yourself in order to get an idea of the differences between your property and the comps.

While the mistakes listed above are very common for new investors, you shouldn’t be dissuaded. Learning from doing is one of the best ways to learn, but an even better way to learn is to learn from other people’s experiences.  Allow us at InvestorCompsOnline to offer our years of experience to serve you.mistake-600x300

Making Real Estate Investments Work | Part Three

Making Real Estate Investments WorkFor the past couple of days we have been discussing what I feel are things to consider when branching out into the real estate investment field. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today will wrap up our discussion on real estate investment.

5) You get paid for solving problems. This is a business with a lot of problems. Sellers can get very emotional, or have a lot of financial trouble, at the time that you’ll be working with them. That’s stressful for anyone, especially when the transfer of a large asset like a house, apartment building or office/retail center is involved. Many investors for this very reason,  choose to deal with HUD properties only.  Working with HUD essentially takes the emotion out of the deal and brings the “business only” aspect back into the negotiating process.

Listen guys, no one says real estate is easy. What they will tell you is that it’s worth it, if you want financial freedom for you and your family. It can offer some great returns, but there’s a reason not everyone goes after them. Not every property is a winner and finding and acquiring the winners can be a challenge. However, if you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run. InvestorCompsOnline is here to serve your needs while you seek to make your profits.

Making Real Estate Investments Work | Part Two

Making Real Estate Investments WorkLast time, we discussed how that sometimes working in the real estate investment field there are certain things that are on-the-job training and some that you glean from others. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today I want to discuss negotiating and return on investment.

3) You have to become a master negotiator.  A lot of investors believe that if you find the motivated sellers, the deals are there for the taking. That’s almost true. Whether you’re working in commercial or residential real estate, you’ll get much better deals when you negotiate with a motivated seller. However, the key is that you must NEGOTIATE. You have to make offers that will work for you and engage the sellers in conversation. You have to find sellers that you think may be motivated and offer them your low cash offer or terms offer in order to see if they’re willing to work with you.

4) Figure out your ROI (return on investment). Sometimes, when you don’t have a deal, it’s easy to think “any” deal would be good. However, sometimes the best deals are the ones you PASS on – you “make” your money by saving yourself from some expensive mistakes. Don’t waste time on property that doesn’t make sense when you run the numbers. Don’t get emotionally attached just because someone says they’re motivated or willing to work out terms with you. Run the numbers. Always focus on the numbers.

Like I said yesterday,  I hope these two points, are helpful in your quest to being profitable in the real estate investment field.  Next time, I will be discussing, the business of managing and problem solving in your real estate deals.  If you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run.  InvestorCompsOnline is here to assist.

Monthly Archives: September 2016

Renovation For Profit

Renovation For ProfitWhen it comes to flipping houses, it’s a given that negotiating is everything. In fact, the real profit is made when you buy, not when you sell. Therefore, you must aim to get the best price possible on the front end when purchasing properties. Using real estate comps will allow you to do this.  By doing so, you will be able to build enough profit margin into your deals to make them worthwhile, as well as any extra cushion for unforeseen circumstances.

I want to share my 3-step process for negotiating deals for your house flipping business. In beginning negotiations with the seller, you will be amazed at the amount of information you can collect before you ever go to inspect a property. For example, it would be important to know if there were any foundational issues with the house before you ever get into your car, because this is most likely a property you may want to steer clear from.

Therefore, create a simple phone interview form you can use specifically for flipping houses, whenever somebody calls you. Include important property specifics, repair estimates, motivational indicators, and the asking price. Within 10 minutes, you should have a basic foundation to quickly decide whether or not the deal is worth pursuing.

Next you will need to inspect the property.  If you make it to this stage, keep in mind that their “lowest” price is typically negotiable unless they are asking what they owe. Therefore, casually mention on the phone that you will have to physically see the property first before you make a final decision. Be sure to mention that your offer may come in lower if the property ends up being in worse condition than you first imagined it to be over the phone. This sets the seller up for a counteroffer, and also provides an opportunity for you to test their flexibility.

Finally, your last step will be to have an experienced contractor (or another investor if you’re wholesaling) go through the property. However, be sure that you first have the property under contract with an inspection contingency, so that you gain a commitment from the seller. The importance of having a contract first, is that you now have initiated the buying process in the seller’s mind.

Whether you are wholesaling or doing retail flips, the same negotiation principles apply.  InvestorCompsOnline is available to assist with any real estate comps  The more you practice each principle, the better you will become at finding and negotiation bargain deals.

Reaping The Rewards Of Flipping Houses

Reaping The Rewards Of Flipping HousesFlipping houses can be extremely rewarding in many ways. When an investor uses real estate comps to bid on deals, it’s a win for them each time.  Let’s take a quick look at the ways we can be rewarded in real estate investing.

First is monetarily. When you take the proper time to learn how to flip houses the right way, you can wind up making a lot of money on it. You can start out part-time while you keep your conventional job. However, if you do this right, ultimately you will be able to leave your job behind and make a full-time living doing it.

Many investors have a chance to use their creative side when renovating properties as well. Flipping houses can also be rewarding to you if you enjoy the opportunity to take a property and make it a viable option for profit. When you fix up an ugly property and make it presentable, you can then opt to sell it or rent it out.  The key is to renovate the property to a blank canvas. DO NOT overdo it. After your prospective client buys the house, they may want to add their own touches to finish it. Use just enough creativity to make the home appealing to massive amounts of people so they will want to buy it.

Lastly, having the right team in place affords you the chance to help other entrepreneurs’…meaning you will be creating work for people. By creating work for people you help them earn money to meet their expenses and/or feed their families. In doing this you will be helping a lot of people. This can be the most rewarding aspect of all with regards to flipping houses. So, what are you waiting for? Stop by our website, and get started today.

New Real Estate Investor Mistakes To Avoid

New Real Estate Investor Mistakes To AvoidInvesting in Real Estate can be one of the best ways to accumulate wealth. InvestorCompsOnline can help you achieve your goals.  You can definitely make your mark and secure your future. But the successful real estate investors often make it look easier than it is and rarely advertises the mistakes that they’ve made. Here are a few mistakes that you don’t want to make as a new real estate investor.

  1. Being too greedy: Be realistic about how much profit is in a deal. My personal favorite saying is “You make your profit when you buy.” Use quality realtors, contractors, lawyers and tax professionals. They’re worth the money. You may be able to save a few dollars here and there, but when you do things the right way, you save money in the long run.
  1. Picking the wrong neighborhood: The neighborhood that you choose to invest in should have several nearby amenities.  It should be close to good schools, have long-term upward potential, and a good reputation. As a bonus tip, look for neighborhoods around you that have pleasant-sounding names. As unbelievable as it may sound, there is something to the fact that these are the places that people want to live. It’s not an absolute rule, but something to keep in mind.
  1. Not inspecting comparable properties: Strong real estate comps can be great for prospecting and getting an idea of general values in a specific area. However, once you begin to value a target property, it is a must that you find at least five comparable properties near your target property. After you do, you should go look at these properties yourself in order to get an idea of the differences between your property and the comps.

While the mistakes listed above are very common for new investors, you shouldn’t be dissuaded. Learning from doing is one of the best ways to learn, but an even better way to learn is to learn from other people’s experiences.  Allow us at InvestorCompsOnline to offer our years of experience to serve you.mistake-600x300

Making Real Estate Investments Work | Part Three

Making Real Estate Investments WorkFor the past couple of days we have been discussing what I feel are things to consider when branching out into the real estate investment field. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today will wrap up our discussion on real estate investment.

5) You get paid for solving problems. This is a business with a lot of problems. Sellers can get very emotional, or have a lot of financial trouble, at the time that you’ll be working with them. That’s stressful for anyone, especially when the transfer of a large asset like a house, apartment building or office/retail center is involved. Many investors for this very reason,  choose to deal with HUD properties only.  Working with HUD essentially takes the emotion out of the deal and brings the “business only” aspect back into the negotiating process.

Listen guys, no one says real estate is easy. What they will tell you is that it’s worth it, if you want financial freedom for you and your family. It can offer some great returns, but there’s a reason not everyone goes after them. Not every property is a winner and finding and acquiring the winners can be a challenge. However, if you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run. InvestorCompsOnline is here to serve your needs while you seek to make your profits.

Making Real Estate Investments Work | Part Two

Making Real Estate Investments WorkLast time, we discussed how that sometimes working in the real estate investment field there are certain things that are on-the-job training and some that you glean from others. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today I want to discuss negotiating and return on investment.

3) You have to become a master negotiator.  A lot of investors believe that if you find the motivated sellers, the deals are there for the taking. That’s almost true. Whether you’re working in commercial or residential real estate, you’ll get much better deals when you negotiate with a motivated seller. However, the key is that you must NEGOTIATE. You have to make offers that will work for you and engage the sellers in conversation. You have to find sellers that you think may be motivated and offer them your low cash offer or terms offer in order to see if they’re willing to work with you.

4) Figure out your ROI (return on investment). Sometimes, when you don’t have a deal, it’s easy to think “any” deal would be good. However, sometimes the best deals are the ones you PASS on – you “make” your money by saving yourself from some expensive mistakes. Don’t waste time on property that doesn’t make sense when you run the numbers. Don’t get emotionally attached just because someone says they’re motivated or willing to work out terms with you. Run the numbers. Always focus on the numbers.

Like I said yesterday,  I hope these two points, are helpful in your quest to being profitable in the real estate investment field.  Next time, I will be discussing, the business of managing and problem solving in your real estate deals.  If you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run.  InvestorCompsOnline is here to assist.

Monthly Archives: September 2016

Renovation For Profit

Renovation For ProfitWhen it comes to flipping houses, it’s a given that negotiating is everything. In fact, the real profit is made when you buy, not when you sell. Therefore, you must aim to get the best price possible on the front end when purchasing properties. Using real estate comps will allow you to do this.  By doing so, you will be able to build enough profit margin into your deals to make them worthwhile, as well as any extra cushion for unforeseen circumstances.

I want to share my 3-step process for negotiating deals for your house flipping business. In beginning negotiations with the seller, you will be amazed at the amount of information you can collect before you ever go to inspect a property. For example, it would be important to know if there were any foundational issues with the house before you ever get into your car, because this is most likely a property you may want to steer clear from.

Therefore, create a simple phone interview form you can use specifically for flipping houses, whenever somebody calls you. Include important property specifics, repair estimates, motivational indicators, and the asking price. Within 10 minutes, you should have a basic foundation to quickly decide whether or not the deal is worth pursuing.

Next you will need to inspect the property.  If you make it to this stage, keep in mind that their “lowest” price is typically negotiable unless they are asking what they owe. Therefore, casually mention on the phone that you will have to physically see the property first before you make a final decision. Be sure to mention that your offer may come in lower if the property ends up being in worse condition than you first imagined it to be over the phone. This sets the seller up for a counteroffer, and also provides an opportunity for you to test their flexibility.

Finally, your last step will be to have an experienced contractor (or another investor if you’re wholesaling) go through the property. However, be sure that you first have the property under contract with an inspection contingency, so that you gain a commitment from the seller. The importance of having a contract first, is that you now have initiated the buying process in the seller’s mind.

Whether you are wholesaling or doing retail flips, the same negotiation principles apply.  InvestorCompsOnline is available to assist with any real estate comps  The more you practice each principle, the better you will become at finding and negotiation bargain deals.

Reaping The Rewards Of Flipping Houses

Reaping The Rewards Of Flipping HousesFlipping houses can be extremely rewarding in many ways. When an investor uses real estate comps to bid on deals, it’s a win for them each time.  Let’s take a quick look at the ways we can be rewarded in real estate investing.

First is monetarily. When you take the proper time to learn how to flip houses the right way, you can wind up making a lot of money on it. You can start out part-time while you keep your conventional job. However, if you do this right, ultimately you will be able to leave your job behind and make a full-time living doing it.

Many investors have a chance to use their creative side when renovating properties as well. Flipping houses can also be rewarding to you if you enjoy the opportunity to take a property and make it a viable option for profit. When you fix up an ugly property and make it presentable, you can then opt to sell it or rent it out.  The key is to renovate the property to a blank canvas. DO NOT overdo it. After your prospective client buys the house, they may want to add their own touches to finish it. Use just enough creativity to make the home appealing to massive amounts of people so they will want to buy it.

Lastly, having the right team in place affords you the chance to help other entrepreneurs’…meaning you will be creating work for people. By creating work for people you help them earn money to meet their expenses and/or feed their families. In doing this you will be helping a lot of people. This can be the most rewarding aspect of all with regards to flipping houses. So, what are you waiting for? Stop by our website, and get started today.

New Real Estate Investor Mistakes To Avoid

New Real Estate Investor Mistakes To AvoidInvesting in Real Estate can be one of the best ways to accumulate wealth. InvestorCompsOnline can help you achieve your goals.  You can definitely make your mark and secure your future. But the successful real estate investors often make it look easier than it is and rarely advertises the mistakes that they’ve made. Here are a few mistakes that you don’t want to make as a new real estate investor.

  1. Being too greedy: Be realistic about how much profit is in a deal. My personal favorite saying is “You make your profit when you buy.” Use quality realtors, contractors, lawyers and tax professionals. They’re worth the money. You may be able to save a few dollars here and there, but when you do things the right way, you save money in the long run.
  1. Picking the wrong neighborhood: The neighborhood that you choose to invest in should have several nearby amenities.  It should be close to good schools, have long-term upward potential, and a good reputation. As a bonus tip, look for neighborhoods around you that have pleasant-sounding names. As unbelievable as it may sound, there is something to the fact that these are the places that people want to live. It’s not an absolute rule, but something to keep in mind.
  1. Not inspecting comparable properties: Strong real estate comps can be great for prospecting and getting an idea of general values in a specific area. However, once you begin to value a target property, it is a must that you find at least five comparable properties near your target property. After you do, you should go look at these properties yourself in order to get an idea of the differences between your property and the comps.

While the mistakes listed above are very common for new investors, you shouldn’t be dissuaded. Learning from doing is one of the best ways to learn, but an even better way to learn is to learn from other people’s experiences.  Allow us at InvestorCompsOnline to offer our years of experience to serve you.mistake-600x300

Making Real Estate Investments Work | Part Three

Making Real Estate Investments WorkFor the past couple of days we have been discussing what I feel are things to consider when branching out into the real estate investment field. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today will wrap up our discussion on real estate investment.

5) You get paid for solving problems. This is a business with a lot of problems. Sellers can get very emotional, or have a lot of financial trouble, at the time that you’ll be working with them. That’s stressful for anyone, especially when the transfer of a large asset like a house, apartment building or office/retail center is involved. Many investors for this very reason,  choose to deal with HUD properties only.  Working with HUD essentially takes the emotion out of the deal and brings the “business only” aspect back into the negotiating process.

Listen guys, no one says real estate is easy. What they will tell you is that it’s worth it, if you want financial freedom for you and your family. It can offer some great returns, but there’s a reason not everyone goes after them. Not every property is a winner and finding and acquiring the winners can be a challenge. However, if you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run. InvestorCompsOnline is here to serve your needs while you seek to make your profits.

Making Real Estate Investments Work | Part Two

Making Real Estate Investments WorkLast time, we discussed how that sometimes working in the real estate investment field there are certain things that are on-the-job training and some that you glean from others. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today I want to discuss negotiating and return on investment.

3) You have to become a master negotiator.  A lot of investors believe that if you find the motivated sellers, the deals are there for the taking. That’s almost true. Whether you’re working in commercial or residential real estate, you’ll get much better deals when you negotiate with a motivated seller. However, the key is that you must NEGOTIATE. You have to make offers that will work for you and engage the sellers in conversation. You have to find sellers that you think may be motivated and offer them your low cash offer or terms offer in order to see if they’re willing to work with you.

4) Figure out your ROI (return on investment). Sometimes, when you don’t have a deal, it’s easy to think “any” deal would be good. However, sometimes the best deals are the ones you PASS on – you “make” your money by saving yourself from some expensive mistakes. Don’t waste time on property that doesn’t make sense when you run the numbers. Don’t get emotionally attached just because someone says they’re motivated or willing to work out terms with you. Run the numbers. Always focus on the numbers.

Like I said yesterday,  I hope these two points, are helpful in your quest to being profitable in the real estate investment field.  Next time, I will be discussing, the business of managing and problem solving in your real estate deals.  If you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run.  InvestorCompsOnline is here to assist.

Monthly Archives: September 2016

Renovation For Profit

Renovation For ProfitWhen it comes to flipping houses, it’s a given that negotiating is everything. In fact, the real profit is made when you buy, not when you sell. Therefore, you must aim to get the best price possible on the front end when purchasing properties. Using real estate comps will allow you to do this.  By doing so, you will be able to build enough profit margin into your deals to make them worthwhile, as well as any extra cushion for unforeseen circumstances.

I want to share my 3-step process for negotiating deals for your house flipping business. In beginning negotiations with the seller, you will be amazed at the amount of information you can collect before you ever go to inspect a property. For example, it would be important to know if there were any foundational issues with the house before you ever get into your car, because this is most likely a property you may want to steer clear from.

Therefore, create a simple phone interview form you can use specifically for flipping houses, whenever somebody calls you. Include important property specifics, repair estimates, motivational indicators, and the asking price. Within 10 minutes, you should have a basic foundation to quickly decide whether or not the deal is worth pursuing.

Next you will need to inspect the property.  If you make it to this stage, keep in mind that their “lowest” price is typically negotiable unless they are asking what they owe. Therefore, casually mention on the phone that you will have to physically see the property first before you make a final decision. Be sure to mention that your offer may come in lower if the property ends up being in worse condition than you first imagined it to be over the phone. This sets the seller up for a counteroffer, and also provides an opportunity for you to test their flexibility.

Finally, your last step will be to have an experienced contractor (or another investor if you’re wholesaling) go through the property. However, be sure that you first have the property under contract with an inspection contingency, so that you gain a commitment from the seller. The importance of having a contract first, is that you now have initiated the buying process in the seller’s mind.

Whether you are wholesaling or doing retail flips, the same negotiation principles apply.  InvestorCompsOnline is available to assist with any real estate comps  The more you practice each principle, the better you will become at finding and negotiation bargain deals.

Reaping The Rewards Of Flipping Houses

Reaping The Rewards Of Flipping HousesFlipping houses can be extremely rewarding in many ways. When an investor uses real estate comps to bid on deals, it’s a win for them each time.  Let’s take a quick look at the ways we can be rewarded in real estate investing.

First is monetarily. When you take the proper time to learn how to flip houses the right way, you can wind up making a lot of money on it. You can start out part-time while you keep your conventional job. However, if you do this right, ultimately you will be able to leave your job behind and make a full-time living doing it.

Many investors have a chance to use their creative side when renovating properties as well. Flipping houses can also be rewarding to you if you enjoy the opportunity to take a property and make it a viable option for profit. When you fix up an ugly property and make it presentable, you can then opt to sell it or rent it out.  The key is to renovate the property to a blank canvas. DO NOT overdo it. After your prospective client buys the house, they may want to add their own touches to finish it. Use just enough creativity to make the home appealing to massive amounts of people so they will want to buy it.

Lastly, having the right team in place affords you the chance to help other entrepreneurs’…meaning you will be creating work for people. By creating work for people you help them earn money to meet their expenses and/or feed their families. In doing this you will be helping a lot of people. This can be the most rewarding aspect of all with regards to flipping houses. So, what are you waiting for? Stop by our website, and get started today.

New Real Estate Investor Mistakes To Avoid

New Real Estate Investor Mistakes To AvoidInvesting in Real Estate can be one of the best ways to accumulate wealth. InvestorCompsOnline can help you achieve your goals.  You can definitely make your mark and secure your future. But the successful real estate investors often make it look easier than it is and rarely advertises the mistakes that they’ve made. Here are a few mistakes that you don’t want to make as a new real estate investor.

  1. Being too greedy: Be realistic about how much profit is in a deal. My personal favorite saying is “You make your profit when you buy.” Use quality realtors, contractors, lawyers and tax professionals. They’re worth the money. You may be able to save a few dollars here and there, but when you do things the right way, you save money in the long run.
  1. Picking the wrong neighborhood: The neighborhood that you choose to invest in should have several nearby amenities.  It should be close to good schools, have long-term upward potential, and a good reputation. As a bonus tip, look for neighborhoods around you that have pleasant-sounding names. As unbelievable as it may sound, there is something to the fact that these are the places that people want to live. It’s not an absolute rule, but something to keep in mind.
  1. Not inspecting comparable properties: Strong real estate comps can be great for prospecting and getting an idea of general values in a specific area. However, once you begin to value a target property, it is a must that you find at least five comparable properties near your target property. After you do, you should go look at these properties yourself in order to get an idea of the differences between your property and the comps.

While the mistakes listed above are very common for new investors, you shouldn’t be dissuaded. Learning from doing is one of the best ways to learn, but an even better way to learn is to learn from other people’s experiences.  Allow us at InvestorCompsOnline to offer our years of experience to serve you.mistake-600x300

Making Real Estate Investments Work | Part Three

Making Real Estate Investments WorkFor the past couple of days we have been discussing what I feel are things to consider when branching out into the real estate investment field. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today will wrap up our discussion on real estate investment.

5) You get paid for solving problems. This is a business with a lot of problems. Sellers can get very emotional, or have a lot of financial trouble, at the time that you’ll be working with them. That’s stressful for anyone, especially when the transfer of a large asset like a house, apartment building or office/retail center is involved. Many investors for this very reason,  choose to deal with HUD properties only.  Working with HUD essentially takes the emotion out of the deal and brings the “business only” aspect back into the negotiating process.

Listen guys, no one says real estate is easy. What they will tell you is that it’s worth it, if you want financial freedom for you and your family. It can offer some great returns, but there’s a reason not everyone goes after them. Not every property is a winner and finding and acquiring the winners can be a challenge. However, if you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run. InvestorCompsOnline is here to serve your needs while you seek to make your profits.

Making Real Estate Investments Work | Part Two

Making Real Estate Investments WorkLast time, we discussed how that sometimes working in the real estate investment field there are certain things that are on-the-job training and some that you glean from others. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today I want to discuss negotiating and return on investment.

3) You have to become a master negotiator.  A lot of investors believe that if you find the motivated sellers, the deals are there for the taking. That’s almost true. Whether you’re working in commercial or residential real estate, you’ll get much better deals when you negotiate with a motivated seller. However, the key is that you must NEGOTIATE. You have to make offers that will work for you and engage the sellers in conversation. You have to find sellers that you think may be motivated and offer them your low cash offer or terms offer in order to see if they’re willing to work with you.

4) Figure out your ROI (return on investment). Sometimes, when you don’t have a deal, it’s easy to think “any” deal would be good. However, sometimes the best deals are the ones you PASS on – you “make” your money by saving yourself from some expensive mistakes. Don’t waste time on property that doesn’t make sense when you run the numbers. Don’t get emotionally attached just because someone says they’re motivated or willing to work out terms with you. Run the numbers. Always focus on the numbers.

Like I said yesterday,  I hope these two points, are helpful in your quest to being profitable in the real estate investment field.  Next time, I will be discussing, the business of managing and problem solving in your real estate deals.  If you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run.  InvestorCompsOnline is here to assist.

Monthly Archives: September 2016

Renovation For Profit

Renovation For ProfitWhen it comes to flipping houses, it’s a given that negotiating is everything. In fact, the real profit is made when you buy, not when you sell. Therefore, you must aim to get the best price possible on the front end when purchasing properties. Using real estate comps will allow you to do this.  By doing so, you will be able to build enough profit margin into your deals to make them worthwhile, as well as any extra cushion for unforeseen circumstances.

I want to share my 3-step process for negotiating deals for your house flipping business. In beginning negotiations with the seller, you will be amazed at the amount of information you can collect before you ever go to inspect a property. For example, it would be important to know if there were any foundational issues with the house before you ever get into your car, because this is most likely a property you may want to steer clear from.

Therefore, create a simple phone interview form you can use specifically for flipping houses, whenever somebody calls you. Include important property specifics, repair estimates, motivational indicators, and the asking price. Within 10 minutes, you should have a basic foundation to quickly decide whether or not the deal is worth pursuing.

Next you will need to inspect the property.  If you make it to this stage, keep in mind that their “lowest” price is typically negotiable unless they are asking what they owe. Therefore, casually mention on the phone that you will have to physically see the property first before you make a final decision. Be sure to mention that your offer may come in lower if the property ends up being in worse condition than you first imagined it to be over the phone. This sets the seller up for a counteroffer, and also provides an opportunity for you to test their flexibility.

Finally, your last step will be to have an experienced contractor (or another investor if you’re wholesaling) go through the property. However, be sure that you first have the property under contract with an inspection contingency, so that you gain a commitment from the seller. The importance of having a contract first, is that you now have initiated the buying process in the seller’s mind.

Whether you are wholesaling or doing retail flips, the same negotiation principles apply.  InvestorCompsOnline is available to assist with any real estate comps  The more you practice each principle, the better you will become at finding and negotiation bargain deals.

Reaping The Rewards Of Flipping Houses

Reaping The Rewards Of Flipping HousesFlipping houses can be extremely rewarding in many ways. When an investor uses real estate comps to bid on deals, it’s a win for them each time.  Let’s take a quick look at the ways we can be rewarded in real estate investing.

First is monetarily. When you take the proper time to learn how to flip houses the right way, you can wind up making a lot of money on it. You can start out part-time while you keep your conventional job. However, if you do this right, ultimately you will be able to leave your job behind and make a full-time living doing it.

Many investors have a chance to use their creative side when renovating properties as well. Flipping houses can also be rewarding to you if you enjoy the opportunity to take a property and make it a viable option for profit. When you fix up an ugly property and make it presentable, you can then opt to sell it or rent it out.  The key is to renovate the property to a blank canvas. DO NOT overdo it. After your prospective client buys the house, they may want to add their own touches to finish it. Use just enough creativity to make the home appealing to massive amounts of people so they will want to buy it.

Lastly, having the right team in place affords you the chance to help other entrepreneurs’…meaning you will be creating work for people. By creating work for people you help them earn money to meet their expenses and/or feed their families. In doing this you will be helping a lot of people. This can be the most rewarding aspect of all with regards to flipping houses. So, what are you waiting for? Stop by our website, and get started today.

New Real Estate Investor Mistakes To Avoid

New Real Estate Investor Mistakes To AvoidInvesting in Real Estate can be one of the best ways to accumulate wealth. InvestorCompsOnline can help you achieve your goals.  You can definitely make your mark and secure your future. But the successful real estate investors often make it look easier than it is and rarely advertises the mistakes that they’ve made. Here are a few mistakes that you don’t want to make as a new real estate investor.

  1. Being too greedy: Be realistic about how much profit is in a deal. My personal favorite saying is “You make your profit when you buy.” Use quality realtors, contractors, lawyers and tax professionals. They’re worth the money. You may be able to save a few dollars here and there, but when you do things the right way, you save money in the long run.
  1. Picking the wrong neighborhood: The neighborhood that you choose to invest in should have several nearby amenities.  It should be close to good schools, have long-term upward potential, and a good reputation. As a bonus tip, look for neighborhoods around you that have pleasant-sounding names. As unbelievable as it may sound, there is something to the fact that these are the places that people want to live. It’s not an absolute rule, but something to keep in mind.
  1. Not inspecting comparable properties: Strong real estate comps can be great for prospecting and getting an idea of general values in a specific area. However, once you begin to value a target property, it is a must that you find at least five comparable properties near your target property. After you do, you should go look at these properties yourself in order to get an idea of the differences between your property and the comps.

While the mistakes listed above are very common for new investors, you shouldn’t be dissuaded. Learning from doing is one of the best ways to learn, but an even better way to learn is to learn from other people’s experiences.  Allow us at InvestorCompsOnline to offer our years of experience to serve you.mistake-600x300

Making Real Estate Investments Work | Part Three

Making Real Estate Investments WorkFor the past couple of days we have been discussing what I feel are things to consider when branching out into the real estate investment field. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today will wrap up our discussion on real estate investment.

5) You get paid for solving problems. This is a business with a lot of problems. Sellers can get very emotional, or have a lot of financial trouble, at the time that you’ll be working with them. That’s stressful for anyone, especially when the transfer of a large asset like a house, apartment building or office/retail center is involved. Many investors for this very reason,  choose to deal with HUD properties only.  Working with HUD essentially takes the emotion out of the deal and brings the “business only” aspect back into the negotiating process.

Listen guys, no one says real estate is easy. What they will tell you is that it’s worth it, if you want financial freedom for you and your family. It can offer some great returns, but there’s a reason not everyone goes after them. Not every property is a winner and finding and acquiring the winners can be a challenge. However, if you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run. InvestorCompsOnline is here to serve your needs while you seek to make your profits.

Making Real Estate Investments Work | Part Two

Making Real Estate Investments WorkLast time, we discussed how that sometimes working in the real estate investment field there are certain things that are on-the-job training and some that you glean from others. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today I want to discuss negotiating and return on investment.

3) You have to become a master negotiator.  A lot of investors believe that if you find the motivated sellers, the deals are there for the taking. That’s almost true. Whether you’re working in commercial or residential real estate, you’ll get much better deals when you negotiate with a motivated seller. However, the key is that you must NEGOTIATE. You have to make offers that will work for you and engage the sellers in conversation. You have to find sellers that you think may be motivated and offer them your low cash offer or terms offer in order to see if they’re willing to work with you.

4) Figure out your ROI (return on investment). Sometimes, when you don’t have a deal, it’s easy to think “any” deal would be good. However, sometimes the best deals are the ones you PASS on – you “make” your money by saving yourself from some expensive mistakes. Don’t waste time on property that doesn’t make sense when you run the numbers. Don’t get emotionally attached just because someone says they’re motivated or willing to work out terms with you. Run the numbers. Always focus on the numbers.

Like I said yesterday,  I hope these two points, are helpful in your quest to being profitable in the real estate investment field.  Next time, I will be discussing, the business of managing and problem solving in your real estate deals.  If you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run.  InvestorCompsOnline is here to assist.

Monthly Archives: September 2016

Renovation For Profit

Renovation For ProfitWhen it comes to flipping houses, it’s a given that negotiating is everything. In fact, the real profit is made when you buy, not when you sell. Therefore, you must aim to get the best price possible on the front end when purchasing properties. Using real estate comps will allow you to do this.  By doing so, you will be able to build enough profit margin into your deals to make them worthwhile, as well as any extra cushion for unforeseen circumstances.

I want to share my 3-step process for negotiating deals for your house flipping business. In beginning negotiations with the seller, you will be amazed at the amount of information you can collect before you ever go to inspect a property. For example, it would be important to know if there were any foundational issues with the house before you ever get into your car, because this is most likely a property you may want to steer clear from.

Therefore, create a simple phone interview form you can use specifically for flipping houses, whenever somebody calls you. Include important property specifics, repair estimates, motivational indicators, and the asking price. Within 10 minutes, you should have a basic foundation to quickly decide whether or not the deal is worth pursuing.

Next you will need to inspect the property.  If you make it to this stage, keep in mind that their “lowest” price is typically negotiable unless they are asking what they owe. Therefore, casually mention on the phone that you will have to physically see the property first before you make a final decision. Be sure to mention that your offer may come in lower if the property ends up being in worse condition than you first imagined it to be over the phone. This sets the seller up for a counteroffer, and also provides an opportunity for you to test their flexibility.

Finally, your last step will be to have an experienced contractor (or another investor if you’re wholesaling) go through the property. However, be sure that you first have the property under contract with an inspection contingency, so that you gain a commitment from the seller. The importance of having a contract first, is that you now have initiated the buying process in the seller’s mind.

Whether you are wholesaling or doing retail flips, the same negotiation principles apply.  InvestorCompsOnline is available to assist with any real estate comps  The more you practice each principle, the better you will become at finding and negotiation bargain deals.

Reaping The Rewards Of Flipping Houses

Reaping The Rewards Of Flipping HousesFlipping houses can be extremely rewarding in many ways. When an investor uses real estate comps to bid on deals, it’s a win for them each time.  Let’s take a quick look at the ways we can be rewarded in real estate investing.

First is monetarily. When you take the proper time to learn how to flip houses the right way, you can wind up making a lot of money on it. You can start out part-time while you keep your conventional job. However, if you do this right, ultimately you will be able to leave your job behind and make a full-time living doing it.

Many investors have a chance to use their creative side when renovating properties as well. Flipping houses can also be rewarding to you if you enjoy the opportunity to take a property and make it a viable option for profit. When you fix up an ugly property and make it presentable, you can then opt to sell it or rent it out.  The key is to renovate the property to a blank canvas. DO NOT overdo it. After your prospective client buys the house, they may want to add their own touches to finish it. Use just enough creativity to make the home appealing to massive amounts of people so they will want to buy it.

Lastly, having the right team in place affords you the chance to help other entrepreneurs’…meaning you will be creating work for people. By creating work for people you help them earn money to meet their expenses and/or feed their families. In doing this you will be helping a lot of people. This can be the most rewarding aspect of all with regards to flipping houses. So, what are you waiting for? Stop by our website, and get started today.

New Real Estate Investor Mistakes To Avoid

New Real Estate Investor Mistakes To AvoidInvesting in Real Estate can be one of the best ways to accumulate wealth. InvestorCompsOnline can help you achieve your goals.  You can definitely make your mark and secure your future. But the successful real estate investors often make it look easier than it is and rarely advertises the mistakes that they’ve made. Here are a few mistakes that you don’t want to make as a new real estate investor.

  1. Being too greedy: Be realistic about how much profit is in a deal. My personal favorite saying is “You make your profit when you buy.” Use quality realtors, contractors, lawyers and tax professionals. They’re worth the money. You may be able to save a few dollars here and there, but when you do things the right way, you save money in the long run.
  1. Picking the wrong neighborhood: The neighborhood that you choose to invest in should have several nearby amenities.  It should be close to good schools, have long-term upward potential, and a good reputation. As a bonus tip, look for neighborhoods around you that have pleasant-sounding names. As unbelievable as it may sound, there is something to the fact that these are the places that people want to live. It’s not an absolute rule, but something to keep in mind.
  1. Not inspecting comparable properties: Strong real estate comps can be great for prospecting and getting an idea of general values in a specific area. However, once you begin to value a target property, it is a must that you find at least five comparable properties near your target property. After you do, you should go look at these properties yourself in order to get an idea of the differences between your property and the comps.

While the mistakes listed above are very common for new investors, you shouldn’t be dissuaded. Learning from doing is one of the best ways to learn, but an even better way to learn is to learn from other people’s experiences.  Allow us at InvestorCompsOnline to offer our years of experience to serve you.mistake-600x300

Making Real Estate Investments Work | Part Three

Making Real Estate Investments WorkFor the past couple of days we have been discussing what I feel are things to consider when branching out into the real estate investment field. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today will wrap up our discussion on real estate investment.

5) You get paid for solving problems. This is a business with a lot of problems. Sellers can get very emotional, or have a lot of financial trouble, at the time that you’ll be working with them. That’s stressful for anyone, especially when the transfer of a large asset like a house, apartment building or office/retail center is involved. Many investors for this very reason,  choose to deal with HUD properties only.  Working with HUD essentially takes the emotion out of the deal and brings the “business only” aspect back into the negotiating process.

Listen guys, no one says real estate is easy. What they will tell you is that it’s worth it, if you want financial freedom for you and your family. It can offer some great returns, but there’s a reason not everyone goes after them. Not every property is a winner and finding and acquiring the winners can be a challenge. However, if you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run. InvestorCompsOnline is here to serve your needs while you seek to make your profits.

Making Real Estate Investments Work | Part Two

Making Real Estate Investments WorkLast time, we discussed how that sometimes working in the real estate investment field there are certain things that are on-the-job training and some that you glean from others. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today I want to discuss negotiating and return on investment.

3) You have to become a master negotiator.  A lot of investors believe that if you find the motivated sellers, the deals are there for the taking. That’s almost true. Whether you’re working in commercial or residential real estate, you’ll get much better deals when you negotiate with a motivated seller. However, the key is that you must NEGOTIATE. You have to make offers that will work for you and engage the sellers in conversation. You have to find sellers that you think may be motivated and offer them your low cash offer or terms offer in order to see if they’re willing to work with you.

4) Figure out your ROI (return on investment). Sometimes, when you don’t have a deal, it’s easy to think “any” deal would be good. However, sometimes the best deals are the ones you PASS on – you “make” your money by saving yourself from some expensive mistakes. Don’t waste time on property that doesn’t make sense when you run the numbers. Don’t get emotionally attached just because someone says they’re motivated or willing to work out terms with you. Run the numbers. Always focus on the numbers.

Like I said yesterday,  I hope these two points, are helpful in your quest to being profitable in the real estate investment field.  Next time, I will be discussing, the business of managing and problem solving in your real estate deals.  If you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run.  InvestorCompsOnline is here to assist.

Monthly Archives: September 2016

Renovation For Profit

Renovation For ProfitWhen it comes to flipping houses, it’s a given that negotiating is everything. In fact, the real profit is made when you buy, not when you sell. Therefore, you must aim to get the best price possible on the front end when purchasing properties. Using real estate comps will allow you to do this.  By doing so, you will be able to build enough profit margin into your deals to make them worthwhile, as well as any extra cushion for unforeseen circumstances.

I want to share my 3-step process for negotiating deals for your house flipping business. In beginning negotiations with the seller, you will be amazed at the amount of information you can collect before you ever go to inspect a property. For example, it would be important to know if there were any foundational issues with the house before you ever get into your car, because this is most likely a property you may want to steer clear from.

Therefore, create a simple phone interview form you can use specifically for flipping houses, whenever somebody calls you. Include important property specifics, repair estimates, motivational indicators, and the asking price. Within 10 minutes, you should have a basic foundation to quickly decide whether or not the deal is worth pursuing.

Next you will need to inspect the property.  If you make it to this stage, keep in mind that their “lowest” price is typically negotiable unless they are asking what they owe. Therefore, casually mention on the phone that you will have to physically see the property first before you make a final decision. Be sure to mention that your offer may come in lower if the property ends up being in worse condition than you first imagined it to be over the phone. This sets the seller up for a counteroffer, and also provides an opportunity for you to test their flexibility.

Finally, your last step will be to have an experienced contractor (or another investor if you’re wholesaling) go through the property. However, be sure that you first have the property under contract with an inspection contingency, so that you gain a commitment from the seller. The importance of having a contract first, is that you now have initiated the buying process in the seller’s mind.

Whether you are wholesaling or doing retail flips, the same negotiation principles apply.  InvestorCompsOnline is available to assist with any real estate comps  The more you practice each principle, the better you will become at finding and negotiation bargain deals.

Reaping The Rewards Of Flipping Houses

Reaping The Rewards Of Flipping HousesFlipping houses can be extremely rewarding in many ways. When an investor uses real estate comps to bid on deals, it’s a win for them each time.  Let’s take a quick look at the ways we can be rewarded in real estate investing.

First is monetarily. When you take the proper time to learn how to flip houses the right way, you can wind up making a lot of money on it. You can start out part-time while you keep your conventional job. However, if you do this right, ultimately you will be able to leave your job behind and make a full-time living doing it.

Many investors have a chance to use their creative side when renovating properties as well. Flipping houses can also be rewarding to you if you enjoy the opportunity to take a property and make it a viable option for profit. When you fix up an ugly property and make it presentable, you can then opt to sell it or rent it out.  The key is to renovate the property to a blank canvas. DO NOT overdo it. After your prospective client buys the house, they may want to add their own touches to finish it. Use just enough creativity to make the home appealing to massive amounts of people so they will want to buy it.

Lastly, having the right team in place affords you the chance to help other entrepreneurs’…meaning you will be creating work for people. By creating work for people you help them earn money to meet their expenses and/or feed their families. In doing this you will be helping a lot of people. This can be the most rewarding aspect of all with regards to flipping houses. So, what are you waiting for? Stop by our website, and get started today.

New Real Estate Investor Mistakes To Avoid

New Real Estate Investor Mistakes To AvoidInvesting in Real Estate can be one of the best ways to accumulate wealth. InvestorCompsOnline can help you achieve your goals.  You can definitely make your mark and secure your future. But the successful real estate investors often make it look easier than it is and rarely advertises the mistakes that they’ve made. Here are a few mistakes that you don’t want to make as a new real estate investor.

  1. Being too greedy: Be realistic about how much profit is in a deal. My personal favorite saying is “You make your profit when you buy.” Use quality realtors, contractors, lawyers and tax professionals. They’re worth the money. You may be able to save a few dollars here and there, but when you do things the right way, you save money in the long run.
  1. Picking the wrong neighborhood: The neighborhood that you choose to invest in should have several nearby amenities.  It should be close to good schools, have long-term upward potential, and a good reputation. As a bonus tip, look for neighborhoods around you that have pleasant-sounding names. As unbelievable as it may sound, there is something to the fact that these are the places that people want to live. It’s not an absolute rule, but something to keep in mind.
  1. Not inspecting comparable properties: Strong real estate comps can be great for prospecting and getting an idea of general values in a specific area. However, once you begin to value a target property, it is a must that you find at least five comparable properties near your target property. After you do, you should go look at these properties yourself in order to get an idea of the differences between your property and the comps.

While the mistakes listed above are very common for new investors, you shouldn’t be dissuaded. Learning from doing is one of the best ways to learn, but an even better way to learn is to learn from other people’s experiences.  Allow us at InvestorCompsOnline to offer our years of experience to serve you.mistake-600x300

Making Real Estate Investments Work | Part Three

Making Real Estate Investments WorkFor the past couple of days we have been discussing what I feel are things to consider when branching out into the real estate investment field. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today will wrap up our discussion on real estate investment.

5) You get paid for solving problems. This is a business with a lot of problems. Sellers can get very emotional, or have a lot of financial trouble, at the time that you’ll be working with them. That’s stressful for anyone, especially when the transfer of a large asset like a house, apartment building or office/retail center is involved. Many investors for this very reason,  choose to deal with HUD properties only.  Working with HUD essentially takes the emotion out of the deal and brings the “business only” aspect back into the negotiating process.

Listen guys, no one says real estate is easy. What they will tell you is that it’s worth it, if you want financial freedom for you and your family. It can offer some great returns, but there’s a reason not everyone goes after them. Not every property is a winner and finding and acquiring the winners can be a challenge. However, if you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run. InvestorCompsOnline is here to serve your needs while you seek to make your profits.

Making Real Estate Investments Work | Part Two

Making Real Estate Investments WorkLast time, we discussed how that sometimes working in the real estate investment field there are certain things that are on-the-job training and some that you glean from others. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today I want to discuss negotiating and return on investment.

3) You have to become a master negotiator.  A lot of investors believe that if you find the motivated sellers, the deals are there for the taking. That’s almost true. Whether you’re working in commercial or residential real estate, you’ll get much better deals when you negotiate with a motivated seller. However, the key is that you must NEGOTIATE. You have to make offers that will work for you and engage the sellers in conversation. You have to find sellers that you think may be motivated and offer them your low cash offer or terms offer in order to see if they’re willing to work with you.

4) Figure out your ROI (return on investment). Sometimes, when you don’t have a deal, it’s easy to think “any” deal would be good. However, sometimes the best deals are the ones you PASS on – you “make” your money by saving yourself from some expensive mistakes. Don’t waste time on property that doesn’t make sense when you run the numbers. Don’t get emotionally attached just because someone says they’re motivated or willing to work out terms with you. Run the numbers. Always focus on the numbers.

Like I said yesterday,  I hope these two points, are helpful in your quest to being profitable in the real estate investment field.  Next time, I will be discussing, the business of managing and problem solving in your real estate deals.  If you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run.  InvestorCompsOnline is here to assist.

Monthly Archives: September 2016

Renovation For Profit

Renovation For ProfitWhen it comes to flipping houses, it’s a given that negotiating is everything. In fact, the real profit is made when you buy, not when you sell. Therefore, you must aim to get the best price possible on the front end when purchasing properties. Using real estate comps will allow you to do this.  By doing so, you will be able to build enough profit margin into your deals to make them worthwhile, as well as any extra cushion for unforeseen circumstances.

I want to share my 3-step process for negotiating deals for your house flipping business. In beginning negotiations with the seller, you will be amazed at the amount of information you can collect before you ever go to inspect a property. For example, it would be important to know if there were any foundational issues with the house before you ever get into your car, because this is most likely a property you may want to steer clear from.

Therefore, create a simple phone interview form you can use specifically for flipping houses, whenever somebody calls you. Include important property specifics, repair estimates, motivational indicators, and the asking price. Within 10 minutes, you should have a basic foundation to quickly decide whether or not the deal is worth pursuing.

Next you will need to inspect the property.  If you make it to this stage, keep in mind that their “lowest” price is typically negotiable unless they are asking what they owe. Therefore, casually mention on the phone that you will have to physically see the property first before you make a final decision. Be sure to mention that your offer may come in lower if the property ends up being in worse condition than you first imagined it to be over the phone. This sets the seller up for a counteroffer, and also provides an opportunity for you to test their flexibility.

Finally, your last step will be to have an experienced contractor (or another investor if you’re wholesaling) go through the property. However, be sure that you first have the property under contract with an inspection contingency, so that you gain a commitment from the seller. The importance of having a contract first, is that you now have initiated the buying process in the seller’s mind.

Whether you are wholesaling or doing retail flips, the same negotiation principles apply.  InvestorCompsOnline is available to assist with any real estate comps  The more you practice each principle, the better you will become at finding and negotiation bargain deals.

Reaping The Rewards Of Flipping Houses

Reaping The Rewards Of Flipping HousesFlipping houses can be extremely rewarding in many ways. When an investor uses real estate comps to bid on deals, it’s a win for them each time.  Let’s take a quick look at the ways we can be rewarded in real estate investing.

First is monetarily. When you take the proper time to learn how to flip houses the right way, you can wind up making a lot of money on it. You can start out part-time while you keep your conventional job. However, if you do this right, ultimately you will be able to leave your job behind and make a full-time living doing it.

Many investors have a chance to use their creative side when renovating properties as well. Flipping houses can also be rewarding to you if you enjoy the opportunity to take a property and make it a viable option for profit. When you fix up an ugly property and make it presentable, you can then opt to sell it or rent it out.  The key is to renovate the property to a blank canvas. DO NOT overdo it. After your prospective client buys the house, they may want to add their own touches to finish it. Use just enough creativity to make the home appealing to massive amounts of people so they will want to buy it.

Lastly, having the right team in place affords you the chance to help other entrepreneurs’…meaning you will be creating work for people. By creating work for people you help them earn money to meet their expenses and/or feed their families. In doing this you will be helping a lot of people. This can be the most rewarding aspect of all with regards to flipping houses. So, what are you waiting for? Stop by our website, and get started today.

New Real Estate Investor Mistakes To Avoid

New Real Estate Investor Mistakes To AvoidInvesting in Real Estate can be one of the best ways to accumulate wealth. InvestorCompsOnline can help you achieve your goals.  You can definitely make your mark and secure your future. But the successful real estate investors often make it look easier than it is and rarely advertises the mistakes that they’ve made. Here are a few mistakes that you don’t want to make as a new real estate investor.

  1. Being too greedy: Be realistic about how much profit is in a deal. My personal favorite saying is “You make your profit when you buy.” Use quality realtors, contractors, lawyers and tax professionals. They’re worth the money. You may be able to save a few dollars here and there, but when you do things the right way, you save money in the long run.
  1. Picking the wrong neighborhood: The neighborhood that you choose to invest in should have several nearby amenities.  It should be close to good schools, have long-term upward potential, and a good reputation. As a bonus tip, look for neighborhoods around you that have pleasant-sounding names. As unbelievable as it may sound, there is something to the fact that these are the places that people want to live. It’s not an absolute rule, but something to keep in mind.
  1. Not inspecting comparable properties: Strong real estate comps can be great for prospecting and getting an idea of general values in a specific area. However, once you begin to value a target property, it is a must that you find at least five comparable properties near your target property. After you do, you should go look at these properties yourself in order to get an idea of the differences between your property and the comps.

While the mistakes listed above are very common for new investors, you shouldn’t be dissuaded. Learning from doing is one of the best ways to learn, but an even better way to learn is to learn from other people’s experiences.  Allow us at InvestorCompsOnline to offer our years of experience to serve you.mistake-600x300

Making Real Estate Investments Work | Part Three

Making Real Estate Investments WorkFor the past couple of days we have been discussing what I feel are things to consider when branching out into the real estate investment field. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today will wrap up our discussion on real estate investment.

5) You get paid for solving problems. This is a business with a lot of problems. Sellers can get very emotional, or have a lot of financial trouble, at the time that you’ll be working with them. That’s stressful for anyone, especially when the transfer of a large asset like a house, apartment building or office/retail center is involved. Many investors for this very reason,  choose to deal with HUD properties only.  Working with HUD essentially takes the emotion out of the deal and brings the “business only” aspect back into the negotiating process.

Listen guys, no one says real estate is easy. What they will tell you is that it’s worth it, if you want financial freedom for you and your family. It can offer some great returns, but there’s a reason not everyone goes after them. Not every property is a winner and finding and acquiring the winners can be a challenge. However, if you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run. InvestorCompsOnline is here to serve your needs while you seek to make your profits.

Making Real Estate Investments Work | Part Two

Making Real Estate Investments WorkLast time, we discussed how that sometimes working in the real estate investment field there are certain things that are on-the-job training and some that you glean from others. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today I want to discuss negotiating and return on investment.

3) You have to become a master negotiator.  A lot of investors believe that if you find the motivated sellers, the deals are there for the taking. That’s almost true. Whether you’re working in commercial or residential real estate, you’ll get much better deals when you negotiate with a motivated seller. However, the key is that you must NEGOTIATE. You have to make offers that will work for you and engage the sellers in conversation. You have to find sellers that you think may be motivated and offer them your low cash offer or terms offer in order to see if they’re willing to work with you.

4) Figure out your ROI (return on investment). Sometimes, when you don’t have a deal, it’s easy to think “any” deal would be good. However, sometimes the best deals are the ones you PASS on – you “make” your money by saving yourself from some expensive mistakes. Don’t waste time on property that doesn’t make sense when you run the numbers. Don’t get emotionally attached just because someone says they’re motivated or willing to work out terms with you. Run the numbers. Always focus on the numbers.

Like I said yesterday,  I hope these two points, are helpful in your quest to being profitable in the real estate investment field.  Next time, I will be discussing, the business of managing and problem solving in your real estate deals.  If you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run.  InvestorCompsOnline is here to assist.

Monthly Archives: September 2016

Renovation For Profit

Renovation For ProfitWhen it comes to flipping houses, it’s a given that negotiating is everything. In fact, the real profit is made when you buy, not when you sell. Therefore, you must aim to get the best price possible on the front end when purchasing properties. Using real estate comps will allow you to do this.  By doing so, you will be able to build enough profit margin into your deals to make them worthwhile, as well as any extra cushion for unforeseen circumstances.

I want to share my 3-step process for negotiating deals for your house flipping business. In beginning negotiations with the seller, you will be amazed at the amount of information you can collect before you ever go to inspect a property. For example, it would be important to know if there were any foundational issues with the house before you ever get into your car, because this is most likely a property you may want to steer clear from.

Therefore, create a simple phone interview form you can use specifically for flipping houses, whenever somebody calls you. Include important property specifics, repair estimates, motivational indicators, and the asking price. Within 10 minutes, you should have a basic foundation to quickly decide whether or not the deal is worth pursuing.

Next you will need to inspect the property.  If you make it to this stage, keep in mind that their “lowest” price is typically negotiable unless they are asking what they owe. Therefore, casually mention on the phone that you will have to physically see the property first before you make a final decision. Be sure to mention that your offer may come in lower if the property ends up being in worse condition than you first imagined it to be over the phone. This sets the seller up for a counteroffer, and also provides an opportunity for you to test their flexibility.

Finally, your last step will be to have an experienced contractor (or another investor if you’re wholesaling) go through the property. However, be sure that you first have the property under contract with an inspection contingency, so that you gain a commitment from the seller. The importance of having a contract first, is that you now have initiated the buying process in the seller’s mind.

Whether you are wholesaling or doing retail flips, the same negotiation principles apply.  InvestorCompsOnline is available to assist with any real estate comps  The more you practice each principle, the better you will become at finding and negotiation bargain deals.

Reaping The Rewards Of Flipping Houses

Reaping The Rewards Of Flipping HousesFlipping houses can be extremely rewarding in many ways. When an investor uses real estate comps to bid on deals, it’s a win for them each time.  Let’s take a quick look at the ways we can be rewarded in real estate investing.

First is monetarily. When you take the proper time to learn how to flip houses the right way, you can wind up making a lot of money on it. You can start out part-time while you keep your conventional job. However, if you do this right, ultimately you will be able to leave your job behind and make a full-time living doing it.

Many investors have a chance to use their creative side when renovating properties as well. Flipping houses can also be rewarding to you if you enjoy the opportunity to take a property and make it a viable option for profit. When you fix up an ugly property and make it presentable, you can then opt to sell it or rent it out.  The key is to renovate the property to a blank canvas. DO NOT overdo it. After your prospective client buys the house, they may want to add their own touches to finish it. Use just enough creativity to make the home appealing to massive amounts of people so they will want to buy it.

Lastly, having the right team in place affords you the chance to help other entrepreneurs’…meaning you will be creating work for people. By creating work for people you help them earn money to meet their expenses and/or feed their families. In doing this you will be helping a lot of people. This can be the most rewarding aspect of all with regards to flipping houses. So, what are you waiting for? Stop by our website, and get started today.

New Real Estate Investor Mistakes To Avoid

New Real Estate Investor Mistakes To AvoidInvesting in Real Estate can be one of the best ways to accumulate wealth. InvestorCompsOnline can help you achieve your goals.  You can definitely make your mark and secure your future. But the successful real estate investors often make it look easier than it is and rarely advertises the mistakes that they’ve made. Here are a few mistakes that you don’t want to make as a new real estate investor.

  1. Being too greedy: Be realistic about how much profit is in a deal. My personal favorite saying is “You make your profit when you buy.” Use quality realtors, contractors, lawyers and tax professionals. They’re worth the money. You may be able to save a few dollars here and there, but when you do things the right way, you save money in the long run.
  1. Picking the wrong neighborhood: The neighborhood that you choose to invest in should have several nearby amenities.  It should be close to good schools, have long-term upward potential, and a good reputation. As a bonus tip, look for neighborhoods around you that have pleasant-sounding names. As unbelievable as it may sound, there is something to the fact that these are the places that people want to live. It’s not an absolute rule, but something to keep in mind.
  1. Not inspecting comparable properties: Strong real estate comps can be great for prospecting and getting an idea of general values in a specific area. However, once you begin to value a target property, it is a must that you find at least five comparable properties near your target property. After you do, you should go look at these properties yourself in order to get an idea of the differences between your property and the comps.

While the mistakes listed above are very common for new investors, you shouldn’t be dissuaded. Learning from doing is one of the best ways to learn, but an even better way to learn is to learn from other people’s experiences.  Allow us at InvestorCompsOnline to offer our years of experience to serve you.mistake-600x300

Making Real Estate Investments Work | Part Three

Making Real Estate Investments WorkFor the past couple of days we have been discussing what I feel are things to consider when branching out into the real estate investment field. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today will wrap up our discussion on real estate investment.

5) You get paid for solving problems. This is a business with a lot of problems. Sellers can get very emotional, or have a lot of financial trouble, at the time that you’ll be working with them. That’s stressful for anyone, especially when the transfer of a large asset like a house, apartment building or office/retail center is involved. Many investors for this very reason,  choose to deal with HUD properties only.  Working with HUD essentially takes the emotion out of the deal and brings the “business only” aspect back into the negotiating process.

Listen guys, no one says real estate is easy. What they will tell you is that it’s worth it, if you want financial freedom for you and your family. It can offer some great returns, but there’s a reason not everyone goes after them. Not every property is a winner and finding and acquiring the winners can be a challenge. However, if you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run. InvestorCompsOnline is here to serve your needs while you seek to make your profits.

Making Real Estate Investments Work | Part Two

Making Real Estate Investments WorkLast time, we discussed how that sometimes working in the real estate investment field there are certain things that are on-the-job training and some that you glean from others. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today I want to discuss negotiating and return on investment.

3) You have to become a master negotiator.  A lot of investors believe that if you find the motivated sellers, the deals are there for the taking. That’s almost true. Whether you’re working in commercial or residential real estate, you’ll get much better deals when you negotiate with a motivated seller. However, the key is that you must NEGOTIATE. You have to make offers that will work for you and engage the sellers in conversation. You have to find sellers that you think may be motivated and offer them your low cash offer or terms offer in order to see if they’re willing to work with you.

4) Figure out your ROI (return on investment). Sometimes, when you don’t have a deal, it’s easy to think “any” deal would be good. However, sometimes the best deals are the ones you PASS on – you “make” your money by saving yourself from some expensive mistakes. Don’t waste time on property that doesn’t make sense when you run the numbers. Don’t get emotionally attached just because someone says they’re motivated or willing to work out terms with you. Run the numbers. Always focus on the numbers.

Like I said yesterday,  I hope these two points, are helpful in your quest to being profitable in the real estate investment field.  Next time, I will be discussing, the business of managing and problem solving in your real estate deals.  If you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run.  InvestorCompsOnline is here to assist.

Monthly Archives: September 2016

Renovation For Profit

Renovation For ProfitWhen it comes to flipping houses, it’s a given that negotiating is everything. In fact, the real profit is made when you buy, not when you sell. Therefore, you must aim to get the best price possible on the front end when purchasing properties. Using real estate comps will allow you to do this.  By doing so, you will be able to build enough profit margin into your deals to make them worthwhile, as well as any extra cushion for unforeseen circumstances.

I want to share my 3-step process for negotiating deals for your house flipping business. In beginning negotiations with the seller, you will be amazed at the amount of information you can collect before you ever go to inspect a property. For example, it would be important to know if there were any foundational issues with the house before you ever get into your car, because this is most likely a property you may want to steer clear from.

Therefore, create a simple phone interview form you can use specifically for flipping houses, whenever somebody calls you. Include important property specifics, repair estimates, motivational indicators, and the asking price. Within 10 minutes, you should have a basic foundation to quickly decide whether or not the deal is worth pursuing.

Next you will need to inspect the property.  If you make it to this stage, keep in mind that their “lowest” price is typically negotiable unless they are asking what they owe. Therefore, casually mention on the phone that you will have to physically see the property first before you make a final decision. Be sure to mention that your offer may come in lower if the property ends up being in worse condition than you first imagined it to be over the phone. This sets the seller up for a counteroffer, and also provides an opportunity for you to test their flexibility.

Finally, your last step will be to have an experienced contractor (or another investor if you’re wholesaling) go through the property. However, be sure that you first have the property under contract with an inspection contingency, so that you gain a commitment from the seller. The importance of having a contract first, is that you now have initiated the buying process in the seller’s mind.

Whether you are wholesaling or doing retail flips, the same negotiation principles apply.  InvestorCompsOnline is available to assist with any real estate comps  The more you practice each principle, the better you will become at finding and negotiation bargain deals.

Reaping The Rewards Of Flipping Houses

Reaping The Rewards Of Flipping HousesFlipping houses can be extremely rewarding in many ways. When an investor uses real estate comps to bid on deals, it’s a win for them each time.  Let’s take a quick look at the ways we can be rewarded in real estate investing.

First is monetarily. When you take the proper time to learn how to flip houses the right way, you can wind up making a lot of money on it. You can start out part-time while you keep your conventional job. However, if you do this right, ultimately you will be able to leave your job behind and make a full-time living doing it.

Many investors have a chance to use their creative side when renovating properties as well. Flipping houses can also be rewarding to you if you enjoy the opportunity to take a property and make it a viable option for profit. When you fix up an ugly property and make it presentable, you can then opt to sell it or rent it out.  The key is to renovate the property to a blank canvas. DO NOT overdo it. After your prospective client buys the house, they may want to add their own touches to finish it. Use just enough creativity to make the home appealing to massive amounts of people so they will want to buy it.

Lastly, having the right team in place affords you the chance to help other entrepreneurs’…meaning you will be creating work for people. By creating work for people you help them earn money to meet their expenses and/or feed their families. In doing this you will be helping a lot of people. This can be the most rewarding aspect of all with regards to flipping houses. So, what are you waiting for? Stop by our website, and get started today.

New Real Estate Investor Mistakes To Avoid

New Real Estate Investor Mistakes To AvoidInvesting in Real Estate can be one of the best ways to accumulate wealth. InvestorCompsOnline can help you achieve your goals.  You can definitely make your mark and secure your future. But the successful real estate investors often make it look easier than it is and rarely advertises the mistakes that they’ve made. Here are a few mistakes that you don’t want to make as a new real estate investor.

  1. Being too greedy: Be realistic about how much profit is in a deal. My personal favorite saying is “You make your profit when you buy.” Use quality realtors, contractors, lawyers and tax professionals. They’re worth the money. You may be able to save a few dollars here and there, but when you do things the right way, you save money in the long run.
  1. Picking the wrong neighborhood: The neighborhood that you choose to invest in should have several nearby amenities.  It should be close to good schools, have long-term upward potential, and a good reputation. As a bonus tip, look for neighborhoods around you that have pleasant-sounding names. As unbelievable as it may sound, there is something to the fact that these are the places that people want to live. It’s not an absolute rule, but something to keep in mind.
  1. Not inspecting comparable properties: Strong real estate comps can be great for prospecting and getting an idea of general values in a specific area. However, once you begin to value a target property, it is a must that you find at least five comparable properties near your target property. After you do, you should go look at these properties yourself in order to get an idea of the differences between your property and the comps.

While the mistakes listed above are very common for new investors, you shouldn’t be dissuaded. Learning from doing is one of the best ways to learn, but an even better way to learn is to learn from other people’s experiences.  Allow us at InvestorCompsOnline to offer our years of experience to serve you.mistake-600x300

Making Real Estate Investments Work | Part Three

Making Real Estate Investments WorkFor the past couple of days we have been discussing what I feel are things to consider when branching out into the real estate investment field. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today will wrap up our discussion on real estate investment.

5) You get paid for solving problems. This is a business with a lot of problems. Sellers can get very emotional, or have a lot of financial trouble, at the time that you’ll be working with them. That’s stressful for anyone, especially when the transfer of a large asset like a house, apartment building or office/retail center is involved. Many investors for this very reason,  choose to deal with HUD properties only.  Working with HUD essentially takes the emotion out of the deal and brings the “business only” aspect back into the negotiating process.

Listen guys, no one says real estate is easy. What they will tell you is that it’s worth it, if you want financial freedom for you and your family. It can offer some great returns, but there’s a reason not everyone goes after them. Not every property is a winner and finding and acquiring the winners can be a challenge. However, if you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run. InvestorCompsOnline is here to serve your needs while you seek to make your profits.

Making Real Estate Investments Work | Part Two

Making Real Estate Investments WorkLast time, we discussed how that sometimes working in the real estate investment field there are certain things that are on-the-job training and some that you glean from others. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today I want to discuss negotiating and return on investment.

3) You have to become a master negotiator.  A lot of investors believe that if you find the motivated sellers, the deals are there for the taking. That’s almost true. Whether you’re working in commercial or residential real estate, you’ll get much better deals when you negotiate with a motivated seller. However, the key is that you must NEGOTIATE. You have to make offers that will work for you and engage the sellers in conversation. You have to find sellers that you think may be motivated and offer them your low cash offer or terms offer in order to see if they’re willing to work with you.

4) Figure out your ROI (return on investment). Sometimes, when you don’t have a deal, it’s easy to think “any” deal would be good. However, sometimes the best deals are the ones you PASS on – you “make” your money by saving yourself from some expensive mistakes. Don’t waste time on property that doesn’t make sense when you run the numbers. Don’t get emotionally attached just because someone says they’re motivated or willing to work out terms with you. Run the numbers. Always focus on the numbers.

Like I said yesterday,  I hope these two points, are helpful in your quest to being profitable in the real estate investment field.  Next time, I will be discussing, the business of managing and problem solving in your real estate deals.  If you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run.  InvestorCompsOnline is here to assist.

Monthly Archives: September 2016

Renovation For Profit

Renovation For ProfitWhen it comes to flipping houses, it’s a given that negotiating is everything. In fact, the real profit is made when you buy, not when you sell. Therefore, you must aim to get the best price possible on the front end when purchasing properties. Using real estate comps will allow you to do this.  By doing so, you will be able to build enough profit margin into your deals to make them worthwhile, as well as any extra cushion for unforeseen circumstances.

I want to share my 3-step process for negotiating deals for your house flipping business. In beginning negotiations with the seller, you will be amazed at the amount of information you can collect before you ever go to inspect a property. For example, it would be important to know if there were any foundational issues with the house before you ever get into your car, because this is most likely a property you may want to steer clear from.

Therefore, create a simple phone interview form you can use specifically for flipping houses, whenever somebody calls you. Include important property specifics, repair estimates, motivational indicators, and the asking price. Within 10 minutes, you should have a basic foundation to quickly decide whether or not the deal is worth pursuing.

Next you will need to inspect the property.  If you make it to this stage, keep in mind that their “lowest” price is typically negotiable unless they are asking what they owe. Therefore, casually mention on the phone that you will have to physically see the property first before you make a final decision. Be sure to mention that your offer may come in lower if the property ends up being in worse condition than you first imagined it to be over the phone. This sets the seller up for a counteroffer, and also provides an opportunity for you to test their flexibility.

Finally, your last step will be to have an experienced contractor (or another investor if you’re wholesaling) go through the property. However, be sure that you first have the property under contract with an inspection contingency, so that you gain a commitment from the seller. The importance of having a contract first, is that you now have initiated the buying process in the seller’s mind.

Whether you are wholesaling or doing retail flips, the same negotiation principles apply.  InvestorCompsOnline is available to assist with any real estate comps  The more you practice each principle, the better you will become at finding and negotiation bargain deals.

Reaping The Rewards Of Flipping Houses

Reaping The Rewards Of Flipping HousesFlipping houses can be extremely rewarding in many ways. When an investor uses real estate comps to bid on deals, it’s a win for them each time.  Let’s take a quick look at the ways we can be rewarded in real estate investing.

First is monetarily. When you take the proper time to learn how to flip houses the right way, you can wind up making a lot of money on it. You can start out part-time while you keep your conventional job. However, if you do this right, ultimately you will be able to leave your job behind and make a full-time living doing it.

Many investors have a chance to use their creative side when renovating properties as well. Flipping houses can also be rewarding to you if you enjoy the opportunity to take a property and make it a viable option for profit. When you fix up an ugly property and make it presentable, you can then opt to sell it or rent it out.  The key is to renovate the property to a blank canvas. DO NOT overdo it. After your prospective client buys the house, they may want to add their own touches to finish it. Use just enough creativity to make the home appealing to massive amounts of people so they will want to buy it.

Lastly, having the right team in place affords you the chance to help other entrepreneurs’…meaning you will be creating work for people. By creating work for people you help them earn money to meet their expenses and/or feed their families. In doing this you will be helping a lot of people. This can be the most rewarding aspect of all with regards to flipping houses. So, what are you waiting for? Stop by our website, and get started today.

New Real Estate Investor Mistakes To Avoid

New Real Estate Investor Mistakes To AvoidInvesting in Real Estate can be one of the best ways to accumulate wealth. InvestorCompsOnline can help you achieve your goals.  You can definitely make your mark and secure your future. But the successful real estate investors often make it look easier than it is and rarely advertises the mistakes that they’ve made. Here are a few mistakes that you don’t want to make as a new real estate investor.

  1. Being too greedy: Be realistic about how much profit is in a deal. My personal favorite saying is “You make your profit when you buy.” Use quality realtors, contractors, lawyers and tax professionals. They’re worth the money. You may be able to save a few dollars here and there, but when you do things the right way, you save money in the long run.
  1. Picking the wrong neighborhood: The neighborhood that you choose to invest in should have several nearby amenities.  It should be close to good schools, have long-term upward potential, and a good reputation. As a bonus tip, look for neighborhoods around you that have pleasant-sounding names. As unbelievable as it may sound, there is something to the fact that these are the places that people want to live. It’s not an absolute rule, but something to keep in mind.
  1. Not inspecting comparable properties: Strong real estate comps can be great for prospecting and getting an idea of general values in a specific area. However, once you begin to value a target property, it is a must that you find at least five comparable properties near your target property. After you do, you should go look at these properties yourself in order to get an idea of the differences between your property and the comps.

While the mistakes listed above are very common for new investors, you shouldn’t be dissuaded. Learning from doing is one of the best ways to learn, but an even better way to learn is to learn from other people’s experiences.  Allow us at InvestorCompsOnline to offer our years of experience to serve you.mistake-600x300

Making Real Estate Investments Work | Part Three

Making Real Estate Investments WorkFor the past couple of days we have been discussing what I feel are things to consider when branching out into the real estate investment field. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today will wrap up our discussion on real estate investment.

5) You get paid for solving problems. This is a business with a lot of problems. Sellers can get very emotional, or have a lot of financial trouble, at the time that you’ll be working with them. That’s stressful for anyone, especially when the transfer of a large asset like a house, apartment building or office/retail center is involved. Many investors for this very reason,  choose to deal with HUD properties only.  Working with HUD essentially takes the emotion out of the deal and brings the “business only” aspect back into the negotiating process.

Listen guys, no one says real estate is easy. What they will tell you is that it’s worth it, if you want financial freedom for you and your family. It can offer some great returns, but there’s a reason not everyone goes after them. Not every property is a winner and finding and acquiring the winners can be a challenge. However, if you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run. InvestorCompsOnline is here to serve your needs while you seek to make your profits.

Making Real Estate Investments Work | Part Two

Making Real Estate Investments WorkLast time, we discussed how that sometimes working in the real estate investment field there are certain things that are on-the-job training and some that you glean from others. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today I want to discuss negotiating and return on investment.

3) You have to become a master negotiator.  A lot of investors believe that if you find the motivated sellers, the deals are there for the taking. That’s almost true. Whether you’re working in commercial or residential real estate, you’ll get much better deals when you negotiate with a motivated seller. However, the key is that you must NEGOTIATE. You have to make offers that will work for you and engage the sellers in conversation. You have to find sellers that you think may be motivated and offer them your low cash offer or terms offer in order to see if they’re willing to work with you.

4) Figure out your ROI (return on investment). Sometimes, when you don’t have a deal, it’s easy to think “any” deal would be good. However, sometimes the best deals are the ones you PASS on – you “make” your money by saving yourself from some expensive mistakes. Don’t waste time on property that doesn’t make sense when you run the numbers. Don’t get emotionally attached just because someone says they’re motivated or willing to work out terms with you. Run the numbers. Always focus on the numbers.

Like I said yesterday,  I hope these two points, are helpful in your quest to being profitable in the real estate investment field.  Next time, I will be discussing, the business of managing and problem solving in your real estate deals.  If you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run.  InvestorCompsOnline is here to assist.

Monthly Archives: September 2016

Renovation For Profit

Renovation For ProfitWhen it comes to flipping houses, it’s a given that negotiating is everything. In fact, the real profit is made when you buy, not when you sell. Therefore, you must aim to get the best price possible on the front end when purchasing properties. Using real estate comps will allow you to do this.  By doing so, you will be able to build enough profit margin into your deals to make them worthwhile, as well as any extra cushion for unforeseen circumstances.

I want to share my 3-step process for negotiating deals for your house flipping business. In beginning negotiations with the seller, you will be amazed at the amount of information you can collect before you ever go to inspect a property. For example, it would be important to know if there were any foundational issues with the house before you ever get into your car, because this is most likely a property you may want to steer clear from.

Therefore, create a simple phone interview form you can use specifically for flipping houses, whenever somebody calls you. Include important property specifics, repair estimates, motivational indicators, and the asking price. Within 10 minutes, you should have a basic foundation to quickly decide whether or not the deal is worth pursuing.

Next you will need to inspect the property.  If you make it to this stage, keep in mind that their “lowest” price is typically negotiable unless they are asking what they owe. Therefore, casually mention on the phone that you will have to physically see the property first before you make a final decision. Be sure to mention that your offer may come in lower if the property ends up being in worse condition than you first imagined it to be over the phone. This sets the seller up for a counteroffer, and also provides an opportunity for you to test their flexibility.

Finally, your last step will be to have an experienced contractor (or another investor if you’re wholesaling) go through the property. However, be sure that you first have the property under contract with an inspection contingency, so that you gain a commitment from the seller. The importance of having a contract first, is that you now have initiated the buying process in the seller’s mind.

Whether you are wholesaling or doing retail flips, the same negotiation principles apply.  InvestorCompsOnline is available to assist with any real estate comps  The more you practice each principle, the better you will become at finding and negotiation bargain deals.

Reaping The Rewards Of Flipping Houses

Reaping The Rewards Of Flipping HousesFlipping houses can be extremely rewarding in many ways. When an investor uses real estate comps to bid on deals, it’s a win for them each time.  Let’s take a quick look at the ways we can be rewarded in real estate investing.

First is monetarily. When you take the proper time to learn how to flip houses the right way, you can wind up making a lot of money on it. You can start out part-time while you keep your conventional job. However, if you do this right, ultimately you will be able to leave your job behind and make a full-time living doing it.

Many investors have a chance to use their creative side when renovating properties as well. Flipping houses can also be rewarding to you if you enjoy the opportunity to take a property and make it a viable option for profit. When you fix up an ugly property and make it presentable, you can then opt to sell it or rent it out.  The key is to renovate the property to a blank canvas. DO NOT overdo it. After your prospective client buys the house, they may want to add their own touches to finish it. Use just enough creativity to make the home appealing to massive amounts of people so they will want to buy it.

Lastly, having the right team in place affords you the chance to help other entrepreneurs’…meaning you will be creating work for people. By creating work for people you help them earn money to meet their expenses and/or feed their families. In doing this you will be helping a lot of people. This can be the most rewarding aspect of all with regards to flipping houses. So, what are you waiting for? Stop by our website, and get started today.

New Real Estate Investor Mistakes To Avoid

New Real Estate Investor Mistakes To AvoidInvesting in Real Estate can be one of the best ways to accumulate wealth. InvestorCompsOnline can help you achieve your goals.  You can definitely make your mark and secure your future. But the successful real estate investors often make it look easier than it is and rarely advertises the mistakes that they’ve made. Here are a few mistakes that you don’t want to make as a new real estate investor.

  1. Being too greedy: Be realistic about how much profit is in a deal. My personal favorite saying is “You make your profit when you buy.” Use quality realtors, contractors, lawyers and tax professionals. They’re worth the money. You may be able to save a few dollars here and there, but when you do things the right way, you save money in the long run.
  1. Picking the wrong neighborhood: The neighborhood that you choose to invest in should have several nearby amenities.  It should be close to good schools, have long-term upward potential, and a good reputation. As a bonus tip, look for neighborhoods around you that have pleasant-sounding names. As unbelievable as it may sound, there is something to the fact that these are the places that people want to live. It’s not an absolute rule, but something to keep in mind.
  1. Not inspecting comparable properties: Strong real estate comps can be great for prospecting and getting an idea of general values in a specific area. However, once you begin to value a target property, it is a must that you find at least five comparable properties near your target property. After you do, you should go look at these properties yourself in order to get an idea of the differences between your property and the comps.

While the mistakes listed above are very common for new investors, you shouldn’t be dissuaded. Learning from doing is one of the best ways to learn, but an even better way to learn is to learn from other people’s experiences.  Allow us at InvestorCompsOnline to offer our years of experience to serve you.mistake-600x300

Making Real Estate Investments Work | Part Three

Making Real Estate Investments WorkFor the past couple of days we have been discussing what I feel are things to consider when branching out into the real estate investment field. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today will wrap up our discussion on real estate investment.

5) You get paid for solving problems. This is a business with a lot of problems. Sellers can get very emotional, or have a lot of financial trouble, at the time that you’ll be working with them. That’s stressful for anyone, especially when the transfer of a large asset like a house, apartment building or office/retail center is involved. Many investors for this very reason,  choose to deal with HUD properties only.  Working with HUD essentially takes the emotion out of the deal and brings the “business only” aspect back into the negotiating process.

Listen guys, no one says real estate is easy. What they will tell you is that it’s worth it, if you want financial freedom for you and your family. It can offer some great returns, but there’s a reason not everyone goes after them. Not every property is a winner and finding and acquiring the winners can be a challenge. However, if you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run. InvestorCompsOnline is here to serve your needs while you seek to make your profits.

Making Real Estate Investments Work | Part Two

Making Real Estate Investments WorkLast time, we discussed how that sometimes working in the real estate investment field there are certain things that are on-the-job training and some that you glean from others. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today I want to discuss negotiating and return on investment.

3) You have to become a master negotiator.  A lot of investors believe that if you find the motivated sellers, the deals are there for the taking. That’s almost true. Whether you’re working in commercial or residential real estate, you’ll get much better deals when you negotiate with a motivated seller. However, the key is that you must NEGOTIATE. You have to make offers that will work for you and engage the sellers in conversation. You have to find sellers that you think may be motivated and offer them your low cash offer or terms offer in order to see if they’re willing to work with you.

4) Figure out your ROI (return on investment). Sometimes, when you don’t have a deal, it’s easy to think “any” deal would be good. However, sometimes the best deals are the ones you PASS on – you “make” your money by saving yourself from some expensive mistakes. Don’t waste time on property that doesn’t make sense when you run the numbers. Don’t get emotionally attached just because someone says they’re motivated or willing to work out terms with you. Run the numbers. Always focus on the numbers.

Like I said yesterday,  I hope these two points, are helpful in your quest to being profitable in the real estate investment field.  Next time, I will be discussing, the business of managing and problem solving in your real estate deals.  If you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run.  InvestorCompsOnline is here to assist.

Monthly Archives: September 2016

Renovation For Profit

Renovation For ProfitWhen it comes to flipping houses, it’s a given that negotiating is everything. In fact, the real profit is made when you buy, not when you sell. Therefore, you must aim to get the best price possible on the front end when purchasing properties. Using real estate comps will allow you to do this.  By doing so, you will be able to build enough profit margin into your deals to make them worthwhile, as well as any extra cushion for unforeseen circumstances.

I want to share my 3-step process for negotiating deals for your house flipping business. In beginning negotiations with the seller, you will be amazed at the amount of information you can collect before you ever go to inspect a property. For example, it would be important to know if there were any foundational issues with the house before you ever get into your car, because this is most likely a property you may want to steer clear from.

Therefore, create a simple phone interview form you can use specifically for flipping houses, whenever somebody calls you. Include important property specifics, repair estimates, motivational indicators, and the asking price. Within 10 minutes, you should have a basic foundation to quickly decide whether or not the deal is worth pursuing.

Next you will need to inspect the property.  If you make it to this stage, keep in mind that their “lowest” price is typically negotiable unless they are asking what they owe. Therefore, casually mention on the phone that you will have to physically see the property first before you make a final decision. Be sure to mention that your offer may come in lower if the property ends up being in worse condition than you first imagined it to be over the phone. This sets the seller up for a counteroffer, and also provides an opportunity for you to test their flexibility.

Finally, your last step will be to have an experienced contractor (or another investor if you’re wholesaling) go through the property. However, be sure that you first have the property under contract with an inspection contingency, so that you gain a commitment from the seller. The importance of having a contract first, is that you now have initiated the buying process in the seller’s mind.

Whether you are wholesaling or doing retail flips, the same negotiation principles apply.  InvestorCompsOnline is available to assist with any real estate comps  The more you practice each principle, the better you will become at finding and negotiation bargain deals.

Reaping The Rewards Of Flipping Houses

Reaping The Rewards Of Flipping HousesFlipping houses can be extremely rewarding in many ways. When an investor uses real estate comps to bid on deals, it’s a win for them each time.  Let’s take a quick look at the ways we can be rewarded in real estate investing.

First is monetarily. When you take the proper time to learn how to flip houses the right way, you can wind up making a lot of money on it. You can start out part-time while you keep your conventional job. However, if you do this right, ultimately you will be able to leave your job behind and make a full-time living doing it.

Many investors have a chance to use their creative side when renovating properties as well. Flipping houses can also be rewarding to you if you enjoy the opportunity to take a property and make it a viable option for profit. When you fix up an ugly property and make it presentable, you can then opt to sell it or rent it out.  The key is to renovate the property to a blank canvas. DO NOT overdo it. After your prospective client buys the house, they may want to add their own touches to finish it. Use just enough creativity to make the home appealing to massive amounts of people so they will want to buy it.

Lastly, having the right team in place affords you the chance to help other entrepreneurs’…meaning you will be creating work for people. By creating work for people you help them earn money to meet their expenses and/or feed their families. In doing this you will be helping a lot of people. This can be the most rewarding aspect of all with regards to flipping houses. So, what are you waiting for? Stop by our website, and get started today.

New Real Estate Investor Mistakes To Avoid

New Real Estate Investor Mistakes To AvoidInvesting in Real Estate can be one of the best ways to accumulate wealth. InvestorCompsOnline can help you achieve your goals.  You can definitely make your mark and secure your future. But the successful real estate investors often make it look easier than it is and rarely advertises the mistakes that they’ve made. Here are a few mistakes that you don’t want to make as a new real estate investor.

  1. Being too greedy: Be realistic about how much profit is in a deal. My personal favorite saying is “You make your profit when you buy.” Use quality realtors, contractors, lawyers and tax professionals. They’re worth the money. You may be able to save a few dollars here and there, but when you do things the right way, you save money in the long run.
  1. Picking the wrong neighborhood: The neighborhood that you choose to invest in should have several nearby amenities.  It should be close to good schools, have long-term upward potential, and a good reputation. As a bonus tip, look for neighborhoods around you that have pleasant-sounding names. As unbelievable as it may sound, there is something to the fact that these are the places that people want to live. It’s not an absolute rule, but something to keep in mind.
  1. Not inspecting comparable properties: Strong real estate comps can be great for prospecting and getting an idea of general values in a specific area. However, once you begin to value a target property, it is a must that you find at least five comparable properties near your target property. After you do, you should go look at these properties yourself in order to get an idea of the differences between your property and the comps.

While the mistakes listed above are very common for new investors, you shouldn’t be dissuaded. Learning from doing is one of the best ways to learn, but an even better way to learn is to learn from other people’s experiences.  Allow us at InvestorCompsOnline to offer our years of experience to serve you.mistake-600x300

Making Real Estate Investments Work | Part Three

Making Real Estate Investments WorkFor the past couple of days we have been discussing what I feel are things to consider when branching out into the real estate investment field. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today will wrap up our discussion on real estate investment.

5) You get paid for solving problems. This is a business with a lot of problems. Sellers can get very emotional, or have a lot of financial trouble, at the time that you’ll be working with them. That’s stressful for anyone, especially when the transfer of a large asset like a house, apartment building or office/retail center is involved. Many investors for this very reason,  choose to deal with HUD properties only.  Working with HUD essentially takes the emotion out of the deal and brings the “business only” aspect back into the negotiating process.

Listen guys, no one says real estate is easy. What they will tell you is that it’s worth it, if you want financial freedom for you and your family. It can offer some great returns, but there’s a reason not everyone goes after them. Not every property is a winner and finding and acquiring the winners can be a challenge. However, if you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run. InvestorCompsOnline is here to serve your needs while you seek to make your profits.

Making Real Estate Investments Work | Part Two

Making Real Estate Investments WorkLast time, we discussed how that sometimes working in the real estate investment field there are certain things that are on-the-job training and some that you glean from others. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today I want to discuss negotiating and return on investment.

3) You have to become a master negotiator.  A lot of investors believe that if you find the motivated sellers, the deals are there for the taking. That’s almost true. Whether you’re working in commercial or residential real estate, you’ll get much better deals when you negotiate with a motivated seller. However, the key is that you must NEGOTIATE. You have to make offers that will work for you and engage the sellers in conversation. You have to find sellers that you think may be motivated and offer them your low cash offer or terms offer in order to see if they’re willing to work with you.

4) Figure out your ROI (return on investment). Sometimes, when you don’t have a deal, it’s easy to think “any” deal would be good. However, sometimes the best deals are the ones you PASS on – you “make” your money by saving yourself from some expensive mistakes. Don’t waste time on property that doesn’t make sense when you run the numbers. Don’t get emotionally attached just because someone says they’re motivated or willing to work out terms with you. Run the numbers. Always focus on the numbers.

Like I said yesterday,  I hope these two points, are helpful in your quest to being profitable in the real estate investment field.  Next time, I will be discussing, the business of managing and problem solving in your real estate deals.  If you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run.  InvestorCompsOnline is here to assist.

Monthly Archives: September 2016

Renovation For Profit

Renovation For ProfitWhen it comes to flipping houses, it’s a given that negotiating is everything. In fact, the real profit is made when you buy, not when you sell. Therefore, you must aim to get the best price possible on the front end when purchasing properties. Using real estate comps will allow you to do this.  By doing so, you will be able to build enough profit margin into your deals to make them worthwhile, as well as any extra cushion for unforeseen circumstances.

I want to share my 3-step process for negotiating deals for your house flipping business. In beginning negotiations with the seller, you will be amazed at the amount of information you can collect before you ever go to inspect a property. For example, it would be important to know if there were any foundational issues with the house before you ever get into your car, because this is most likely a property you may want to steer clear from.

Therefore, create a simple phone interview form you can use specifically for flipping houses, whenever somebody calls you. Include important property specifics, repair estimates, motivational indicators, and the asking price. Within 10 minutes, you should have a basic foundation to quickly decide whether or not the deal is worth pursuing.

Next you will need to inspect the property.  If you make it to this stage, keep in mind that their “lowest” price is typically negotiable unless they are asking what they owe. Therefore, casually mention on the phone that you will have to physically see the property first before you make a final decision. Be sure to mention that your offer may come in lower if the property ends up being in worse condition than you first imagined it to be over the phone. This sets the seller up for a counteroffer, and also provides an opportunity for you to test their flexibility.

Finally, your last step will be to have an experienced contractor (or another investor if you’re wholesaling) go through the property. However, be sure that you first have the property under contract with an inspection contingency, so that you gain a commitment from the seller. The importance of having a contract first, is that you now have initiated the buying process in the seller’s mind.

Whether you are wholesaling or doing retail flips, the same negotiation principles apply.  InvestorCompsOnline is available to assist with any real estate comps  The more you practice each principle, the better you will become at finding and negotiation bargain deals.

Reaping The Rewards Of Flipping Houses

Reaping The Rewards Of Flipping HousesFlipping houses can be extremely rewarding in many ways. When an investor uses real estate comps to bid on deals, it’s a win for them each time.  Let’s take a quick look at the ways we can be rewarded in real estate investing.

First is monetarily. When you take the proper time to learn how to flip houses the right way, you can wind up making a lot of money on it. You can start out part-time while you keep your conventional job. However, if you do this right, ultimately you will be able to leave your job behind and make a full-time living doing it.

Many investors have a chance to use their creative side when renovating properties as well. Flipping houses can also be rewarding to you if you enjoy the opportunity to take a property and make it a viable option for profit. When you fix up an ugly property and make it presentable, you can then opt to sell it or rent it out.  The key is to renovate the property to a blank canvas. DO NOT overdo it. After your prospective client buys the house, they may want to add their own touches to finish it. Use just enough creativity to make the home appealing to massive amounts of people so they will want to buy it.

Lastly, having the right team in place affords you the chance to help other entrepreneurs’…meaning you will be creating work for people. By creating work for people you help them earn money to meet their expenses and/or feed their families. In doing this you will be helping a lot of people. This can be the most rewarding aspect of all with regards to flipping houses. So, what are you waiting for? Stop by our website, and get started today.

New Real Estate Investor Mistakes To Avoid

New Real Estate Investor Mistakes To AvoidInvesting in Real Estate can be one of the best ways to accumulate wealth. InvestorCompsOnline can help you achieve your goals.  You can definitely make your mark and secure your future. But the successful real estate investors often make it look easier than it is and rarely advertises the mistakes that they’ve made. Here are a few mistakes that you don’t want to make as a new real estate investor.

  1. Being too greedy: Be realistic about how much profit is in a deal. My personal favorite saying is “You make your profit when you buy.” Use quality realtors, contractors, lawyers and tax professionals. They’re worth the money. You may be able to save a few dollars here and there, but when you do things the right way, you save money in the long run.
  1. Picking the wrong neighborhood: The neighborhood that you choose to invest in should have several nearby amenities.  It should be close to good schools, have long-term upward potential, and a good reputation. As a bonus tip, look for neighborhoods around you that have pleasant-sounding names. As unbelievable as it may sound, there is something to the fact that these are the places that people want to live. It’s not an absolute rule, but something to keep in mind.
  1. Not inspecting comparable properties: Strong real estate comps can be great for prospecting and getting an idea of general values in a specific area. However, once you begin to value a target property, it is a must that you find at least five comparable properties near your target property. After you do, you should go look at these properties yourself in order to get an idea of the differences between your property and the comps.

While the mistakes listed above are very common for new investors, you shouldn’t be dissuaded. Learning from doing is one of the best ways to learn, but an even better way to learn is to learn from other people’s experiences.  Allow us at InvestorCompsOnline to offer our years of experience to serve you.mistake-600x300

Making Real Estate Investments Work | Part Three

Making Real Estate Investments WorkFor the past couple of days we have been discussing what I feel are things to consider when branching out into the real estate investment field. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today will wrap up our discussion on real estate investment.

5) You get paid for solving problems. This is a business with a lot of problems. Sellers can get very emotional, or have a lot of financial trouble, at the time that you’ll be working with them. That’s stressful for anyone, especially when the transfer of a large asset like a house, apartment building or office/retail center is involved. Many investors for this very reason,  choose to deal with HUD properties only.  Working with HUD essentially takes the emotion out of the deal and brings the “business only” aspect back into the negotiating process.

Listen guys, no one says real estate is easy. What they will tell you is that it’s worth it, if you want financial freedom for you and your family. It can offer some great returns, but there’s a reason not everyone goes after them. Not every property is a winner and finding and acquiring the winners can be a challenge. However, if you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run. InvestorCompsOnline is here to serve your needs while you seek to make your profits.

Making Real Estate Investments Work | Part Two

Making Real Estate Investments WorkLast time, we discussed how that sometimes working in the real estate investment field there are certain things that are on-the-job training and some that you glean from others. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today I want to discuss negotiating and return on investment.

3) You have to become a master negotiator.  A lot of investors believe that if you find the motivated sellers, the deals are there for the taking. That’s almost true. Whether you’re working in commercial or residential real estate, you’ll get much better deals when you negotiate with a motivated seller. However, the key is that you must NEGOTIATE. You have to make offers that will work for you and engage the sellers in conversation. You have to find sellers that you think may be motivated and offer them your low cash offer or terms offer in order to see if they’re willing to work with you.

4) Figure out your ROI (return on investment). Sometimes, when you don’t have a deal, it’s easy to think “any” deal would be good. However, sometimes the best deals are the ones you PASS on – you “make” your money by saving yourself from some expensive mistakes. Don’t waste time on property that doesn’t make sense when you run the numbers. Don’t get emotionally attached just because someone says they’re motivated or willing to work out terms with you. Run the numbers. Always focus on the numbers.

Like I said yesterday,  I hope these two points, are helpful in your quest to being profitable in the real estate investment field.  Next time, I will be discussing, the business of managing and problem solving in your real estate deals.  If you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run.  InvestorCompsOnline is here to assist.

Monthly Archives: September 2016

Renovation For Profit

Renovation For ProfitWhen it comes to flipping houses, it’s a given that negotiating is everything. In fact, the real profit is made when you buy, not when you sell. Therefore, you must aim to get the best price possible on the front end when purchasing properties. Using real estate comps will allow you to do this.  By doing so, you will be able to build enough profit margin into your deals to make them worthwhile, as well as any extra cushion for unforeseen circumstances.

I want to share my 3-step process for negotiating deals for your house flipping business. In beginning negotiations with the seller, you will be amazed at the amount of information you can collect before you ever go to inspect a property. For example, it would be important to know if there were any foundational issues with the house before you ever get into your car, because this is most likely a property you may want to steer clear from.

Therefore, create a simple phone interview form you can use specifically for flipping houses, whenever somebody calls you. Include important property specifics, repair estimates, motivational indicators, and the asking price. Within 10 minutes, you should have a basic foundation to quickly decide whether or not the deal is worth pursuing.

Next you will need to inspect the property.  If you make it to this stage, keep in mind that their “lowest” price is typically negotiable unless they are asking what they owe. Therefore, casually mention on the phone that you will have to physically see the property first before you make a final decision. Be sure to mention that your offer may come in lower if the property ends up being in worse condition than you first imagined it to be over the phone. This sets the seller up for a counteroffer, and also provides an opportunity for you to test their flexibility.

Finally, your last step will be to have an experienced contractor (or another investor if you’re wholesaling) go through the property. However, be sure that you first have the property under contract with an inspection contingency, so that you gain a commitment from the seller. The importance of having a contract first, is that you now have initiated the buying process in the seller’s mind.

Whether you are wholesaling or doing retail flips, the same negotiation principles apply.  InvestorCompsOnline is available to assist with any real estate comps  The more you practice each principle, the better you will become at finding and negotiation bargain deals.

Reaping The Rewards Of Flipping Houses

Reaping The Rewards Of Flipping HousesFlipping houses can be extremely rewarding in many ways. When an investor uses real estate comps to bid on deals, it’s a win for them each time.  Let’s take a quick look at the ways we can be rewarded in real estate investing.

First is monetarily. When you take the proper time to learn how to flip houses the right way, you can wind up making a lot of money on it. You can start out part-time while you keep your conventional job. However, if you do this right, ultimately you will be able to leave your job behind and make a full-time living doing it.

Many investors have a chance to use their creative side when renovating properties as well. Flipping houses can also be rewarding to you if you enjoy the opportunity to take a property and make it a viable option for profit. When you fix up an ugly property and make it presentable, you can then opt to sell it or rent it out.  The key is to renovate the property to a blank canvas. DO NOT overdo it. After your prospective client buys the house, they may want to add their own touches to finish it. Use just enough creativity to make the home appealing to massive amounts of people so they will want to buy it.

Lastly, having the right team in place affords you the chance to help other entrepreneurs’…meaning you will be creating work for people. By creating work for people you help them earn money to meet their expenses and/or feed their families. In doing this you will be helping a lot of people. This can be the most rewarding aspect of all with regards to flipping houses. So, what are you waiting for? Stop by our website, and get started today.

New Real Estate Investor Mistakes To Avoid

New Real Estate Investor Mistakes To AvoidInvesting in Real Estate can be one of the best ways to accumulate wealth. InvestorCompsOnline can help you achieve your goals.  You can definitely make your mark and secure your future. But the successful real estate investors often make it look easier than it is and rarely advertises the mistakes that they’ve made. Here are a few mistakes that you don’t want to make as a new real estate investor.

  1. Being too greedy: Be realistic about how much profit is in a deal. My personal favorite saying is “You make your profit when you buy.” Use quality realtors, contractors, lawyers and tax professionals. They’re worth the money. You may be able to save a few dollars here and there, but when you do things the right way, you save money in the long run.
  1. Picking the wrong neighborhood: The neighborhood that you choose to invest in should have several nearby amenities.  It should be close to good schools, have long-term upward potential, and a good reputation. As a bonus tip, look for neighborhoods around you that have pleasant-sounding names. As unbelievable as it may sound, there is something to the fact that these are the places that people want to live. It’s not an absolute rule, but something to keep in mind.
  1. Not inspecting comparable properties: Strong real estate comps can be great for prospecting and getting an idea of general values in a specific area. However, once you begin to value a target property, it is a must that you find at least five comparable properties near your target property. After you do, you should go look at these properties yourself in order to get an idea of the differences between your property and the comps.

While the mistakes listed above are very common for new investors, you shouldn’t be dissuaded. Learning from doing is one of the best ways to learn, but an even better way to learn is to learn from other people’s experiences.  Allow us at InvestorCompsOnline to offer our years of experience to serve you.mistake-600x300

Making Real Estate Investments Work | Part Three

Making Real Estate Investments WorkFor the past couple of days we have been discussing what I feel are things to consider when branching out into the real estate investment field. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today will wrap up our discussion on real estate investment.

5) You get paid for solving problems. This is a business with a lot of problems. Sellers can get very emotional, or have a lot of financial trouble, at the time that you’ll be working with them. That’s stressful for anyone, especially when the transfer of a large asset like a house, apartment building or office/retail center is involved. Many investors for this very reason,  choose to deal with HUD properties only.  Working with HUD essentially takes the emotion out of the deal and brings the “business only” aspect back into the negotiating process.

Listen guys, no one says real estate is easy. What they will tell you is that it’s worth it, if you want financial freedom for you and your family. It can offer some great returns, but there’s a reason not everyone goes after them. Not every property is a winner and finding and acquiring the winners can be a challenge. However, if you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run. InvestorCompsOnline is here to serve your needs while you seek to make your profits.

Making Real Estate Investments Work | Part Two

Making Real Estate Investments WorkLast time, we discussed how that sometimes working in the real estate investment field there are certain things that are on-the-job training and some that you glean from others. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today I want to discuss negotiating and return on investment.

3) You have to become a master negotiator.  A lot of investors believe that if you find the motivated sellers, the deals are there for the taking. That’s almost true. Whether you’re working in commercial or residential real estate, you’ll get much better deals when you negotiate with a motivated seller. However, the key is that you must NEGOTIATE. You have to make offers that will work for you and engage the sellers in conversation. You have to find sellers that you think may be motivated and offer them your low cash offer or terms offer in order to see if they’re willing to work with you.

4) Figure out your ROI (return on investment). Sometimes, when you don’t have a deal, it’s easy to think “any” deal would be good. However, sometimes the best deals are the ones you PASS on – you “make” your money by saving yourself from some expensive mistakes. Don’t waste time on property that doesn’t make sense when you run the numbers. Don’t get emotionally attached just because someone says they’re motivated or willing to work out terms with you. Run the numbers. Always focus on the numbers.

Like I said yesterday,  I hope these two points, are helpful in your quest to being profitable in the real estate investment field.  Next time, I will be discussing, the business of managing and problem solving in your real estate deals.  If you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run.  InvestorCompsOnline is here to assist.

Monthly Archives: September 2016

Renovation For Profit

Renovation For ProfitWhen it comes to flipping houses, it’s a given that negotiating is everything. In fact, the real profit is made when you buy, not when you sell. Therefore, you must aim to get the best price possible on the front end when purchasing properties. Using real estate comps will allow you to do this.  By doing so, you will be able to build enough profit margin into your deals to make them worthwhile, as well as any extra cushion for unforeseen circumstances.

I want to share my 3-step process for negotiating deals for your house flipping business. In beginning negotiations with the seller, you will be amazed at the amount of information you can collect before you ever go to inspect a property. For example, it would be important to know if there were any foundational issues with the house before you ever get into your car, because this is most likely a property you may want to steer clear from.

Therefore, create a simple phone interview form you can use specifically for flipping houses, whenever somebody calls you. Include important property specifics, repair estimates, motivational indicators, and the asking price. Within 10 minutes, you should have a basic foundation to quickly decide whether or not the deal is worth pursuing.

Next you will need to inspect the property.  If you make it to this stage, keep in mind that their “lowest” price is typically negotiable unless they are asking what they owe. Therefore, casually mention on the phone that you will have to physically see the property first before you make a final decision. Be sure to mention that your offer may come in lower if the property ends up being in worse condition than you first imagined it to be over the phone. This sets the seller up for a counteroffer, and also provides an opportunity for you to test their flexibility.

Finally, your last step will be to have an experienced contractor (or another investor if you’re wholesaling) go through the property. However, be sure that you first have the property under contract with an inspection contingency, so that you gain a commitment from the seller. The importance of having a contract first, is that you now have initiated the buying process in the seller’s mind.

Whether you are wholesaling or doing retail flips, the same negotiation principles apply.  InvestorCompsOnline is available to assist with any real estate comps  The more you practice each principle, the better you will become at finding and negotiation bargain deals.

Reaping The Rewards Of Flipping Houses

Reaping The Rewards Of Flipping HousesFlipping houses can be extremely rewarding in many ways. When an investor uses real estate comps to bid on deals, it’s a win for them each time.  Let’s take a quick look at the ways we can be rewarded in real estate investing.

First is monetarily. When you take the proper time to learn how to flip houses the right way, you can wind up making a lot of money on it. You can start out part-time while you keep your conventional job. However, if you do this right, ultimately you will be able to leave your job behind and make a full-time living doing it.

Many investors have a chance to use their creative side when renovating properties as well. Flipping houses can also be rewarding to you if you enjoy the opportunity to take a property and make it a viable option for profit. When you fix up an ugly property and make it presentable, you can then opt to sell it or rent it out.  The key is to renovate the property to a blank canvas. DO NOT overdo it. After your prospective client buys the house, they may want to add their own touches to finish it. Use just enough creativity to make the home appealing to massive amounts of people so they will want to buy it.

Lastly, having the right team in place affords you the chance to help other entrepreneurs’…meaning you will be creating work for people. By creating work for people you help them earn money to meet their expenses and/or feed their families. In doing this you will be helping a lot of people. This can be the most rewarding aspect of all with regards to flipping houses. So, what are you waiting for? Stop by our website, and get started today.

New Real Estate Investor Mistakes To Avoid

New Real Estate Investor Mistakes To AvoidInvesting in Real Estate can be one of the best ways to accumulate wealth. InvestorCompsOnline can help you achieve your goals.  You can definitely make your mark and secure your future. But the successful real estate investors often make it look easier than it is and rarely advertises the mistakes that they’ve made. Here are a few mistakes that you don’t want to make as a new real estate investor.

  1. Being too greedy: Be realistic about how much profit is in a deal. My personal favorite saying is “You make your profit when you buy.” Use quality realtors, contractors, lawyers and tax professionals. They’re worth the money. You may be able to save a few dollars here and there, but when you do things the right way, you save money in the long run.
  1. Picking the wrong neighborhood: The neighborhood that you choose to invest in should have several nearby amenities.  It should be close to good schools, have long-term upward potential, and a good reputation. As a bonus tip, look for neighborhoods around you that have pleasant-sounding names. As unbelievable as it may sound, there is something to the fact that these are the places that people want to live. It’s not an absolute rule, but something to keep in mind.
  1. Not inspecting comparable properties: Strong real estate comps can be great for prospecting and getting an idea of general values in a specific area. However, once you begin to value a target property, it is a must that you find at least five comparable properties near your target property. After you do, you should go look at these properties yourself in order to get an idea of the differences between your property and the comps.

While the mistakes listed above are very common for new investors, you shouldn’t be dissuaded. Learning from doing is one of the best ways to learn, but an even better way to learn is to learn from other people’s experiences.  Allow us at InvestorCompsOnline to offer our years of experience to serve you.mistake-600x300

Making Real Estate Investments Work | Part Three

Making Real Estate Investments WorkFor the past couple of days we have been discussing what I feel are things to consider when branching out into the real estate investment field. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today will wrap up our discussion on real estate investment.

5) You get paid for solving problems. This is a business with a lot of problems. Sellers can get very emotional, or have a lot of financial trouble, at the time that you’ll be working with them. That’s stressful for anyone, especially when the transfer of a large asset like a house, apartment building or office/retail center is involved. Many investors for this very reason,  choose to deal with HUD properties only.  Working with HUD essentially takes the emotion out of the deal and brings the “business only” aspect back into the negotiating process.

Listen guys, no one says real estate is easy. What they will tell you is that it’s worth it, if you want financial freedom for you and your family. It can offer some great returns, but there’s a reason not everyone goes after them. Not every property is a winner and finding and acquiring the winners can be a challenge. However, if you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run. InvestorCompsOnline is here to serve your needs while you seek to make your profits.

Making Real Estate Investments Work | Part Two

Making Real Estate Investments WorkLast time, we discussed how that sometimes working in the real estate investment field there are certain things that are on-the-job training and some that you glean from others. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today I want to discuss negotiating and return on investment.

3) You have to become a master negotiator.  A lot of investors believe that if you find the motivated sellers, the deals are there for the taking. That’s almost true. Whether you’re working in commercial or residential real estate, you’ll get much better deals when you negotiate with a motivated seller. However, the key is that you must NEGOTIATE. You have to make offers that will work for you and engage the sellers in conversation. You have to find sellers that you think may be motivated and offer them your low cash offer or terms offer in order to see if they’re willing to work with you.

4) Figure out your ROI (return on investment). Sometimes, when you don’t have a deal, it’s easy to think “any” deal would be good. However, sometimes the best deals are the ones you PASS on – you “make” your money by saving yourself from some expensive mistakes. Don’t waste time on property that doesn’t make sense when you run the numbers. Don’t get emotionally attached just because someone says they’re motivated or willing to work out terms with you. Run the numbers. Always focus on the numbers.

Like I said yesterday,  I hope these two points, are helpful in your quest to being profitable in the real estate investment field.  Next time, I will be discussing, the business of managing and problem solving in your real estate deals.  If you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run.  InvestorCompsOnline is here to assist.

Monthly Archives: September 2016

Renovation For Profit

Renovation For ProfitWhen it comes to flipping houses, it’s a given that negotiating is everything. In fact, the real profit is made when you buy, not when you sell. Therefore, you must aim to get the best price possible on the front end when purchasing properties. Using real estate comps will allow you to do this.  By doing so, you will be able to build enough profit margin into your deals to make them worthwhile, as well as any extra cushion for unforeseen circumstances.

I want to share my 3-step process for negotiating deals for your house flipping business. In beginning negotiations with the seller, you will be amazed at the amount of information you can collect before you ever go to inspect a property. For example, it would be important to know if there were any foundational issues with the house before you ever get into your car, because this is most likely a property you may want to steer clear from.

Therefore, create a simple phone interview form you can use specifically for flipping houses, whenever somebody calls you. Include important property specifics, repair estimates, motivational indicators, and the asking price. Within 10 minutes, you should have a basic foundation to quickly decide whether or not the deal is worth pursuing.

Next you will need to inspect the property.  If you make it to this stage, keep in mind that their “lowest” price is typically negotiable unless they are asking what they owe. Therefore, casually mention on the phone that you will have to physically see the property first before you make a final decision. Be sure to mention that your offer may come in lower if the property ends up being in worse condition than you first imagined it to be over the phone. This sets the seller up for a counteroffer, and also provides an opportunity for you to test their flexibility.

Finally, your last step will be to have an experienced contractor (or another investor if you’re wholesaling) go through the property. However, be sure that you first have the property under contract with an inspection contingency, so that you gain a commitment from the seller. The importance of having a contract first, is that you now have initiated the buying process in the seller’s mind.

Whether you are wholesaling or doing retail flips, the same negotiation principles apply.  InvestorCompsOnline is available to assist with any real estate comps  The more you practice each principle, the better you will become at finding and negotiation bargain deals.

Reaping The Rewards Of Flipping Houses

Reaping The Rewards Of Flipping HousesFlipping houses can be extremely rewarding in many ways. When an investor uses real estate comps to bid on deals, it’s a win for them each time.  Let’s take a quick look at the ways we can be rewarded in real estate investing.

First is monetarily. When you take the proper time to learn how to flip houses the right way, you can wind up making a lot of money on it. You can start out part-time while you keep your conventional job. However, if you do this right, ultimately you will be able to leave your job behind and make a full-time living doing it.

Many investors have a chance to use their creative side when renovating properties as well. Flipping houses can also be rewarding to you if you enjoy the opportunity to take a property and make it a viable option for profit. When you fix up an ugly property and make it presentable, you can then opt to sell it or rent it out.  The key is to renovate the property to a blank canvas. DO NOT overdo it. After your prospective client buys the house, they may want to add their own touches to finish it. Use just enough creativity to make the home appealing to massive amounts of people so they will want to buy it.

Lastly, having the right team in place affords you the chance to help other entrepreneurs’…meaning you will be creating work for people. By creating work for people you help them earn money to meet their expenses and/or feed their families. In doing this you will be helping a lot of people. This can be the most rewarding aspect of all with regards to flipping houses. So, what are you waiting for? Stop by our website, and get started today.

New Real Estate Investor Mistakes To Avoid

New Real Estate Investor Mistakes To AvoidInvesting in Real Estate can be one of the best ways to accumulate wealth. InvestorCompsOnline can help you achieve your goals.  You can definitely make your mark and secure your future. But the successful real estate investors often make it look easier than it is and rarely advertises the mistakes that they’ve made. Here are a few mistakes that you don’t want to make as a new real estate investor.

  1. Being too greedy: Be realistic about how much profit is in a deal. My personal favorite saying is “You make your profit when you buy.” Use quality realtors, contractors, lawyers and tax professionals. They’re worth the money. You may be able to save a few dollars here and there, but when you do things the right way, you save money in the long run.
  1. Picking the wrong neighborhood: The neighborhood that you choose to invest in should have several nearby amenities.  It should be close to good schools, have long-term upward potential, and a good reputation. As a bonus tip, look for neighborhoods around you that have pleasant-sounding names. As unbelievable as it may sound, there is something to the fact that these are the places that people want to live. It’s not an absolute rule, but something to keep in mind.
  1. Not inspecting comparable properties: Strong real estate comps can be great for prospecting and getting an idea of general values in a specific area. However, once you begin to value a target property, it is a must that you find at least five comparable properties near your target property. After you do, you should go look at these properties yourself in order to get an idea of the differences between your property and the comps.

While the mistakes listed above are very common for new investors, you shouldn’t be dissuaded. Learning from doing is one of the best ways to learn, but an even better way to learn is to learn from other people’s experiences.  Allow us at InvestorCompsOnline to offer our years of experience to serve you.mistake-600x300

Making Real Estate Investments Work | Part Three

Making Real Estate Investments WorkFor the past couple of days we have been discussing what I feel are things to consider when branching out into the real estate investment field. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today will wrap up our discussion on real estate investment.

5) You get paid for solving problems. This is a business with a lot of problems. Sellers can get very emotional, or have a lot of financial trouble, at the time that you’ll be working with them. That’s stressful for anyone, especially when the transfer of a large asset like a house, apartment building or office/retail center is involved. Many investors for this very reason,  choose to deal with HUD properties only.  Working with HUD essentially takes the emotion out of the deal and brings the “business only” aspect back into the negotiating process.

Listen guys, no one says real estate is easy. What they will tell you is that it’s worth it, if you want financial freedom for you and your family. It can offer some great returns, but there’s a reason not everyone goes after them. Not every property is a winner and finding and acquiring the winners can be a challenge. However, if you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run. InvestorCompsOnline is here to serve your needs while you seek to make your profits.

Making Real Estate Investments Work | Part Two

Making Real Estate Investments WorkLast time, we discussed how that sometimes working in the real estate investment field there are certain things that are on-the-job training and some that you glean from others. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today I want to discuss negotiating and return on investment.

3) You have to become a master negotiator.  A lot of investors believe that if you find the motivated sellers, the deals are there for the taking. That’s almost true. Whether you’re working in commercial or residential real estate, you’ll get much better deals when you negotiate with a motivated seller. However, the key is that you must NEGOTIATE. You have to make offers that will work for you and engage the sellers in conversation. You have to find sellers that you think may be motivated and offer them your low cash offer or terms offer in order to see if they’re willing to work with you.

4) Figure out your ROI (return on investment). Sometimes, when you don’t have a deal, it’s easy to think “any” deal would be good. However, sometimes the best deals are the ones you PASS on – you “make” your money by saving yourself from some expensive mistakes. Don’t waste time on property that doesn’t make sense when you run the numbers. Don’t get emotionally attached just because someone says they’re motivated or willing to work out terms with you. Run the numbers. Always focus on the numbers.

Like I said yesterday,  I hope these two points, are helpful in your quest to being profitable in the real estate investment field.  Next time, I will be discussing, the business of managing and problem solving in your real estate deals.  If you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run.  InvestorCompsOnline is here to assist.

Monthly Archives: September 2016

Renovation For Profit

Renovation For ProfitWhen it comes to flipping houses, it’s a given that negotiating is everything. In fact, the real profit is made when you buy, not when you sell. Therefore, you must aim to get the best price possible on the front end when purchasing properties. Using real estate comps will allow you to do this.  By doing so, you will be able to build enough profit margin into your deals to make them worthwhile, as well as any extra cushion for unforeseen circumstances.

I want to share my 3-step process for negotiating deals for your house flipping business. In beginning negotiations with the seller, you will be amazed at the amount of information you can collect before you ever go to inspect a property. For example, it would be important to know if there were any foundational issues with the house before you ever get into your car, because this is most likely a property you may want to steer clear from.

Therefore, create a simple phone interview form you can use specifically for flipping houses, whenever somebody calls you. Include important property specifics, repair estimates, motivational indicators, and the asking price. Within 10 minutes, you should have a basic foundation to quickly decide whether or not the deal is worth pursuing.

Next you will need to inspect the property.  If you make it to this stage, keep in mind that their “lowest” price is typically negotiable unless they are asking what they owe. Therefore, casually mention on the phone that you will have to physically see the property first before you make a final decision. Be sure to mention that your offer may come in lower if the property ends up being in worse condition than you first imagined it to be over the phone. This sets the seller up for a counteroffer, and also provides an opportunity for you to test their flexibility.

Finally, your last step will be to have an experienced contractor (or another investor if you’re wholesaling) go through the property. However, be sure that you first have the property under contract with an inspection contingency, so that you gain a commitment from the seller. The importance of having a contract first, is that you now have initiated the buying process in the seller’s mind.

Whether you are wholesaling or doing retail flips, the same negotiation principles apply.  InvestorCompsOnline is available to assist with any real estate comps  The more you practice each principle, the better you will become at finding and negotiation bargain deals.

Reaping The Rewards Of Flipping Houses

Reaping The Rewards Of Flipping HousesFlipping houses can be extremely rewarding in many ways. When an investor uses real estate comps to bid on deals, it’s a win for them each time.  Let’s take a quick look at the ways we can be rewarded in real estate investing.

First is monetarily. When you take the proper time to learn how to flip houses the right way, you can wind up making a lot of money on it. You can start out part-time while you keep your conventional job. However, if you do this right, ultimately you will be able to leave your job behind and make a full-time living doing it.

Many investors have a chance to use their creative side when renovating properties as well. Flipping houses can also be rewarding to you if you enjoy the opportunity to take a property and make it a viable option for profit. When you fix up an ugly property and make it presentable, you can then opt to sell it or rent it out.  The key is to renovate the property to a blank canvas. DO NOT overdo it. After your prospective client buys the house, they may want to add their own touches to finish it. Use just enough creativity to make the home appealing to massive amounts of people so they will want to buy it.

Lastly, having the right team in place affords you the chance to help other entrepreneurs’…meaning you will be creating work for people. By creating work for people you help them earn money to meet their expenses and/or feed their families. In doing this you will be helping a lot of people. This can be the most rewarding aspect of all with regards to flipping houses. So, what are you waiting for? Stop by our website, and get started today.

New Real Estate Investor Mistakes To Avoid

New Real Estate Investor Mistakes To AvoidInvesting in Real Estate can be one of the best ways to accumulate wealth. InvestorCompsOnline can help you achieve your goals.  You can definitely make your mark and secure your future. But the successful real estate investors often make it look easier than it is and rarely advertises the mistakes that they’ve made. Here are a few mistakes that you don’t want to make as a new real estate investor.

  1. Being too greedy: Be realistic about how much profit is in a deal. My personal favorite saying is “You make your profit when you buy.” Use quality realtors, contractors, lawyers and tax professionals. They’re worth the money. You may be able to save a few dollars here and there, but when you do things the right way, you save money in the long run.
  1. Picking the wrong neighborhood: The neighborhood that you choose to invest in should have several nearby amenities.  It should be close to good schools, have long-term upward potential, and a good reputation. As a bonus tip, look for neighborhoods around you that have pleasant-sounding names. As unbelievable as it may sound, there is something to the fact that these are the places that people want to live. It’s not an absolute rule, but something to keep in mind.
  1. Not inspecting comparable properties: Strong real estate comps can be great for prospecting and getting an idea of general values in a specific area. However, once you begin to value a target property, it is a must that you find at least five comparable properties near your target property. After you do, you should go look at these properties yourself in order to get an idea of the differences between your property and the comps.

While the mistakes listed above are very common for new investors, you shouldn’t be dissuaded. Learning from doing is one of the best ways to learn, but an even better way to learn is to learn from other people’s experiences.  Allow us at InvestorCompsOnline to offer our years of experience to serve you.mistake-600x300

Making Real Estate Investments Work | Part Three

Making Real Estate Investments WorkFor the past couple of days we have been discussing what I feel are things to consider when branching out into the real estate investment field. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today will wrap up our discussion on real estate investment.

5) You get paid for solving problems. This is a business with a lot of problems. Sellers can get very emotional, or have a lot of financial trouble, at the time that you’ll be working with them. That’s stressful for anyone, especially when the transfer of a large asset like a house, apartment building or office/retail center is involved. Many investors for this very reason,  choose to deal with HUD properties only.  Working with HUD essentially takes the emotion out of the deal and brings the “business only” aspect back into the negotiating process.

Listen guys, no one says real estate is easy. What they will tell you is that it’s worth it, if you want financial freedom for you and your family. It can offer some great returns, but there’s a reason not everyone goes after them. Not every property is a winner and finding and acquiring the winners can be a challenge. However, if you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run. InvestorCompsOnline is here to serve your needs while you seek to make your profits.

Making Real Estate Investments Work | Part Two

Making Real Estate Investments WorkLast time, we discussed how that sometimes working in the real estate investment field there are certain things that are on-the-job training and some that you glean from others. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today I want to discuss negotiating and return on investment.

3) You have to become a master negotiator.  A lot of investors believe that if you find the motivated sellers, the deals are there for the taking. That’s almost true. Whether you’re working in commercial or residential real estate, you’ll get much better deals when you negotiate with a motivated seller. However, the key is that you must NEGOTIATE. You have to make offers that will work for you and engage the sellers in conversation. You have to find sellers that you think may be motivated and offer them your low cash offer or terms offer in order to see if they’re willing to work with you.

4) Figure out your ROI (return on investment). Sometimes, when you don’t have a deal, it’s easy to think “any” deal would be good. However, sometimes the best deals are the ones you PASS on – you “make” your money by saving yourself from some expensive mistakes. Don’t waste time on property that doesn’t make sense when you run the numbers. Don’t get emotionally attached just because someone says they’re motivated or willing to work out terms with you. Run the numbers. Always focus on the numbers.

Like I said yesterday,  I hope these two points, are helpful in your quest to being profitable in the real estate investment field.  Next time, I will be discussing, the business of managing and problem solving in your real estate deals.  If you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run.  InvestorCompsOnline is here to assist.

Monthly Archives: September 2016

Renovation For Profit

Renovation For ProfitWhen it comes to flipping houses, it’s a given that negotiating is everything. In fact, the real profit is made when you buy, not when you sell. Therefore, you must aim to get the best price possible on the front end when purchasing properties. Using real estate comps will allow you to do this.  By doing so, you will be able to build enough profit margin into your deals to make them worthwhile, as well as any extra cushion for unforeseen circumstances.

I want to share my 3-step process for negotiating deals for your house flipping business. In beginning negotiations with the seller, you will be amazed at the amount of information you can collect before you ever go to inspect a property. For example, it would be important to know if there were any foundational issues with the house before you ever get into your car, because this is most likely a property you may want to steer clear from.

Therefore, create a simple phone interview form you can use specifically for flipping houses, whenever somebody calls you. Include important property specifics, repair estimates, motivational indicators, and the asking price. Within 10 minutes, you should have a basic foundation to quickly decide whether or not the deal is worth pursuing.

Next you will need to inspect the property.  If you make it to this stage, keep in mind that their “lowest” price is typically negotiable unless they are asking what they owe. Therefore, casually mention on the phone that you will have to physically see the property first before you make a final decision. Be sure to mention that your offer may come in lower if the property ends up being in worse condition than you first imagined it to be over the phone. This sets the seller up for a counteroffer, and also provides an opportunity for you to test their flexibility.

Finally, your last step will be to have an experienced contractor (or another investor if you’re wholesaling) go through the property. However, be sure that you first have the property under contract with an inspection contingency, so that you gain a commitment from the seller. The importance of having a contract first, is that you now have initiated the buying process in the seller’s mind.

Whether you are wholesaling or doing retail flips, the same negotiation principles apply.  InvestorCompsOnline is available to assist with any real estate comps  The more you practice each principle, the better you will become at finding and negotiation bargain deals.

Reaping The Rewards Of Flipping Houses

Reaping The Rewards Of Flipping HousesFlipping houses can be extremely rewarding in many ways. When an investor uses real estate comps to bid on deals, it’s a win for them each time.  Let’s take a quick look at the ways we can be rewarded in real estate investing.

First is monetarily. When you take the proper time to learn how to flip houses the right way, you can wind up making a lot of money on it. You can start out part-time while you keep your conventional job. However, if you do this right, ultimately you will be able to leave your job behind and make a full-time living doing it.

Many investors have a chance to use their creative side when renovating properties as well. Flipping houses can also be rewarding to you if you enjoy the opportunity to take a property and make it a viable option for profit. When you fix up an ugly property and make it presentable, you can then opt to sell it or rent it out.  The key is to renovate the property to a blank canvas. DO NOT overdo it. After your prospective client buys the house, they may want to add their own touches to finish it. Use just enough creativity to make the home appealing to massive amounts of people so they will want to buy it.

Lastly, having the right team in place affords you the chance to help other entrepreneurs’…meaning you will be creating work for people. By creating work for people you help them earn money to meet their expenses and/or feed their families. In doing this you will be helping a lot of people. This can be the most rewarding aspect of all with regards to flipping houses. So, what are you waiting for? Stop by our website, and get started today.

New Real Estate Investor Mistakes To Avoid

New Real Estate Investor Mistakes To AvoidInvesting in Real Estate can be one of the best ways to accumulate wealth. InvestorCompsOnline can help you achieve your goals.  You can definitely make your mark and secure your future. But the successful real estate investors often make it look easier than it is and rarely advertises the mistakes that they’ve made. Here are a few mistakes that you don’t want to make as a new real estate investor.

  1. Being too greedy: Be realistic about how much profit is in a deal. My personal favorite saying is “You make your profit when you buy.” Use quality realtors, contractors, lawyers and tax professionals. They’re worth the money. You may be able to save a few dollars here and there, but when you do things the right way, you save money in the long run.
  1. Picking the wrong neighborhood: The neighborhood that you choose to invest in should have several nearby amenities.  It should be close to good schools, have long-term upward potential, and a good reputation. As a bonus tip, look for neighborhoods around you that have pleasant-sounding names. As unbelievable as it may sound, there is something to the fact that these are the places that people want to live. It’s not an absolute rule, but something to keep in mind.
  1. Not inspecting comparable properties: Strong real estate comps can be great for prospecting and getting an idea of general values in a specific area. However, once you begin to value a target property, it is a must that you find at least five comparable properties near your target property. After you do, you should go look at these properties yourself in order to get an idea of the differences between your property and the comps.

While the mistakes listed above are very common for new investors, you shouldn’t be dissuaded. Learning from doing is one of the best ways to learn, but an even better way to learn is to learn from other people’s experiences.  Allow us at InvestorCompsOnline to offer our years of experience to serve you.mistake-600x300

Making Real Estate Investments Work | Part Three

Making Real Estate Investments WorkFor the past couple of days we have been discussing what I feel are things to consider when branching out into the real estate investment field. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today will wrap up our discussion on real estate investment.

5) You get paid for solving problems. This is a business with a lot of problems. Sellers can get very emotional, or have a lot of financial trouble, at the time that you’ll be working with them. That’s stressful for anyone, especially when the transfer of a large asset like a house, apartment building or office/retail center is involved. Many investors for this very reason,  choose to deal with HUD properties only.  Working with HUD essentially takes the emotion out of the deal and brings the “business only” aspect back into the negotiating process.

Listen guys, no one says real estate is easy. What they will tell you is that it’s worth it, if you want financial freedom for you and your family. It can offer some great returns, but there’s a reason not everyone goes after them. Not every property is a winner and finding and acquiring the winners can be a challenge. However, if you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run. InvestorCompsOnline is here to serve your needs while you seek to make your profits.

Making Real Estate Investments Work | Part Two

Making Real Estate Investments WorkLast time, we discussed how that sometimes working in the real estate investment field there are certain things that are on-the-job training and some that you glean from others. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today I want to discuss negotiating and return on investment.

3) You have to become a master negotiator.  A lot of investors believe that if you find the motivated sellers, the deals are there for the taking. That’s almost true. Whether you’re working in commercial or residential real estate, you’ll get much better deals when you negotiate with a motivated seller. However, the key is that you must NEGOTIATE. You have to make offers that will work for you and engage the sellers in conversation. You have to find sellers that you think may be motivated and offer them your low cash offer or terms offer in order to see if they’re willing to work with you.

4) Figure out your ROI (return on investment). Sometimes, when you don’t have a deal, it’s easy to think “any” deal would be good. However, sometimes the best deals are the ones you PASS on – you “make” your money by saving yourself from some expensive mistakes. Don’t waste time on property that doesn’t make sense when you run the numbers. Don’t get emotionally attached just because someone says they’re motivated or willing to work out terms with you. Run the numbers. Always focus on the numbers.

Like I said yesterday,  I hope these two points, are helpful in your quest to being profitable in the real estate investment field.  Next time, I will be discussing, the business of managing and problem solving in your real estate deals.  If you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run.  InvestorCompsOnline is here to assist.

Monthly Archives: September 2016

Renovation For Profit

Renovation For ProfitWhen it comes to flipping houses, it’s a given that negotiating is everything. In fact, the real profit is made when you buy, not when you sell. Therefore, you must aim to get the best price possible on the front end when purchasing properties. Using real estate comps will allow you to do this.  By doing so, you will be able to build enough profit margin into your deals to make them worthwhile, as well as any extra cushion for unforeseen circumstances.

I want to share my 3-step process for negotiating deals for your house flipping business. In beginning negotiations with the seller, you will be amazed at the amount of information you can collect before you ever go to inspect a property. For example, it would be important to know if there were any foundational issues with the house before you ever get into your car, because this is most likely a property you may want to steer clear from.

Therefore, create a simple phone interview form you can use specifically for flipping houses, whenever somebody calls you. Include important property specifics, repair estimates, motivational indicators, and the asking price. Within 10 minutes, you should have a basic foundation to quickly decide whether or not the deal is worth pursuing.

Next you will need to inspect the property.  If you make it to this stage, keep in mind that their “lowest” price is typically negotiable unless they are asking what they owe. Therefore, casually mention on the phone that you will have to physically see the property first before you make a final decision. Be sure to mention that your offer may come in lower if the property ends up being in worse condition than you first imagined it to be over the phone. This sets the seller up for a counteroffer, and also provides an opportunity for you to test their flexibility.

Finally, your last step will be to have an experienced contractor (or another investor if you’re wholesaling) go through the property. However, be sure that you first have the property under contract with an inspection contingency, so that you gain a commitment from the seller. The importance of having a contract first, is that you now have initiated the buying process in the seller’s mind.

Whether you are wholesaling or doing retail flips, the same negotiation principles apply.  InvestorCompsOnline is available to assist with any real estate comps  The more you practice each principle, the better you will become at finding and negotiation bargain deals.

Reaping The Rewards Of Flipping Houses

Reaping The Rewards Of Flipping HousesFlipping houses can be extremely rewarding in many ways. When an investor uses real estate comps to bid on deals, it’s a win for them each time.  Let’s take a quick look at the ways we can be rewarded in real estate investing.

First is monetarily. When you take the proper time to learn how to flip houses the right way, you can wind up making a lot of money on it. You can start out part-time while you keep your conventional job. However, if you do this right, ultimately you will be able to leave your job behind and make a full-time living doing it.

Many investors have a chance to use their creative side when renovating properties as well. Flipping houses can also be rewarding to you if you enjoy the opportunity to take a property and make it a viable option for profit. When you fix up an ugly property and make it presentable, you can then opt to sell it or rent it out.  The key is to renovate the property to a blank canvas. DO NOT overdo it. After your prospective client buys the house, they may want to add their own touches to finish it. Use just enough creativity to make the home appealing to massive amounts of people so they will want to buy it.

Lastly, having the right team in place affords you the chance to help other entrepreneurs’…meaning you will be creating work for people. By creating work for people you help them earn money to meet their expenses and/or feed their families. In doing this you will be helping a lot of people. This can be the most rewarding aspect of all with regards to flipping houses. So, what are you waiting for? Stop by our website, and get started today.

New Real Estate Investor Mistakes To Avoid

New Real Estate Investor Mistakes To AvoidInvesting in Real Estate can be one of the best ways to accumulate wealth. InvestorCompsOnline can help you achieve your goals.  You can definitely make your mark and secure your future. But the successful real estate investors often make it look easier than it is and rarely advertises the mistakes that they’ve made. Here are a few mistakes that you don’t want to make as a new real estate investor.

  1. Being too greedy: Be realistic about how much profit is in a deal. My personal favorite saying is “You make your profit when you buy.” Use quality realtors, contractors, lawyers and tax professionals. They’re worth the money. You may be able to save a few dollars here and there, but when you do things the right way, you save money in the long run.
  1. Picking the wrong neighborhood: The neighborhood that you choose to invest in should have several nearby amenities.  It should be close to good schools, have long-term upward potential, and a good reputation. As a bonus tip, look for neighborhoods around you that have pleasant-sounding names. As unbelievable as it may sound, there is something to the fact that these are the places that people want to live. It’s not an absolute rule, but something to keep in mind.
  1. Not inspecting comparable properties: Strong real estate comps can be great for prospecting and getting an idea of general values in a specific area. However, once you begin to value a target property, it is a must that you find at least five comparable properties near your target property. After you do, you should go look at these properties yourself in order to get an idea of the differences between your property and the comps.

While the mistakes listed above are very common for new investors, you shouldn’t be dissuaded. Learning from doing is one of the best ways to learn, but an even better way to learn is to learn from other people’s experiences.  Allow us at InvestorCompsOnline to offer our years of experience to serve you.mistake-600x300

Making Real Estate Investments Work | Part Three

Making Real Estate Investments WorkFor the past couple of days we have been discussing what I feel are things to consider when branching out into the real estate investment field. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today will wrap up our discussion on real estate investment.

5) You get paid for solving problems. This is a business with a lot of problems. Sellers can get very emotional, or have a lot of financial trouble, at the time that you’ll be working with them. That’s stressful for anyone, especially when the transfer of a large asset like a house, apartment building or office/retail center is involved. Many investors for this very reason,  choose to deal with HUD properties only.  Working with HUD essentially takes the emotion out of the deal and brings the “business only” aspect back into the negotiating process.

Listen guys, no one says real estate is easy. What they will tell you is that it’s worth it, if you want financial freedom for you and your family. It can offer some great returns, but there’s a reason not everyone goes after them. Not every property is a winner and finding and acquiring the winners can be a challenge. However, if you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run. InvestorCompsOnline is here to serve your needs while you seek to make your profits.

Making Real Estate Investments Work | Part Two

Making Real Estate Investments WorkLast time, we discussed how that sometimes working in the real estate investment field there are certain things that are on-the-job training and some that you glean from others. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today I want to discuss negotiating and return on investment.

3) You have to become a master negotiator.  A lot of investors believe that if you find the motivated sellers, the deals are there for the taking. That’s almost true. Whether you’re working in commercial or residential real estate, you’ll get much better deals when you negotiate with a motivated seller. However, the key is that you must NEGOTIATE. You have to make offers that will work for you and engage the sellers in conversation. You have to find sellers that you think may be motivated and offer them your low cash offer or terms offer in order to see if they’re willing to work with you.

4) Figure out your ROI (return on investment). Sometimes, when you don’t have a deal, it’s easy to think “any” deal would be good. However, sometimes the best deals are the ones you PASS on – you “make” your money by saving yourself from some expensive mistakes. Don’t waste time on property that doesn’t make sense when you run the numbers. Don’t get emotionally attached just because someone says they’re motivated or willing to work out terms with you. Run the numbers. Always focus on the numbers.

Like I said yesterday,  I hope these two points, are helpful in your quest to being profitable in the real estate investment field.  Next time, I will be discussing, the business of managing and problem solving in your real estate deals.  If you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run.  InvestorCompsOnline is here to assist.

Monthly Archives: September 2016

Renovation For Profit

Renovation For ProfitWhen it comes to flipping houses, it’s a given that negotiating is everything. In fact, the real profit is made when you buy, not when you sell. Therefore, you must aim to get the best price possible on the front end when purchasing properties. Using real estate comps will allow you to do this.  By doing so, you will be able to build enough profit margin into your deals to make them worthwhile, as well as any extra cushion for unforeseen circumstances.

I want to share my 3-step process for negotiating deals for your house flipping business. In beginning negotiations with the seller, you will be amazed at the amount of information you can collect before you ever go to inspect a property. For example, it would be important to know if there were any foundational issues with the house before you ever get into your car, because this is most likely a property you may want to steer clear from.

Therefore, create a simple phone interview form you can use specifically for flipping houses, whenever somebody calls you. Include important property specifics, repair estimates, motivational indicators, and the asking price. Within 10 minutes, you should have a basic foundation to quickly decide whether or not the deal is worth pursuing.

Next you will need to inspect the property.  If you make it to this stage, keep in mind that their “lowest” price is typically negotiable unless they are asking what they owe. Therefore, casually mention on the phone that you will have to physically see the property first before you make a final decision. Be sure to mention that your offer may come in lower if the property ends up being in worse condition than you first imagined it to be over the phone. This sets the seller up for a counteroffer, and also provides an opportunity for you to test their flexibility.

Finally, your last step will be to have an experienced contractor (or another investor if you’re wholesaling) go through the property. However, be sure that you first have the property under contract with an inspection contingency, so that you gain a commitment from the seller. The importance of having a contract first, is that you now have initiated the buying process in the seller’s mind.

Whether you are wholesaling or doing retail flips, the same negotiation principles apply.  InvestorCompsOnline is available to assist with any real estate comps  The more you practice each principle, the better you will become at finding and negotiation bargain deals.

Reaping The Rewards Of Flipping Houses

Reaping The Rewards Of Flipping HousesFlipping houses can be extremely rewarding in many ways. When an investor uses real estate comps to bid on deals, it’s a win for them each time.  Let’s take a quick look at the ways we can be rewarded in real estate investing.

First is monetarily. When you take the proper time to learn how to flip houses the right way, you can wind up making a lot of money on it. You can start out part-time while you keep your conventional job. However, if you do this right, ultimately you will be able to leave your job behind and make a full-time living doing it.

Many investors have a chance to use their creative side when renovating properties as well. Flipping houses can also be rewarding to you if you enjoy the opportunity to take a property and make it a viable option for profit. When you fix up an ugly property and make it presentable, you can then opt to sell it or rent it out.  The key is to renovate the property to a blank canvas. DO NOT overdo it. After your prospective client buys the house, they may want to add their own touches to finish it. Use just enough creativity to make the home appealing to massive amounts of people so they will want to buy it.

Lastly, having the right team in place affords you the chance to help other entrepreneurs’…meaning you will be creating work for people. By creating work for people you help them earn money to meet their expenses and/or feed their families. In doing this you will be helping a lot of people. This can be the most rewarding aspect of all with regards to flipping houses. So, what are you waiting for? Stop by our website, and get started today.

New Real Estate Investor Mistakes To Avoid

New Real Estate Investor Mistakes To AvoidInvesting in Real Estate can be one of the best ways to accumulate wealth. InvestorCompsOnline can help you achieve your goals.  You can definitely make your mark and secure your future. But the successful real estate investors often make it look easier than it is and rarely advertises the mistakes that they’ve made. Here are a few mistakes that you don’t want to make as a new real estate investor.

  1. Being too greedy: Be realistic about how much profit is in a deal. My personal favorite saying is “You make your profit when you buy.” Use quality realtors, contractors, lawyers and tax professionals. They’re worth the money. You may be able to save a few dollars here and there, but when you do things the right way, you save money in the long run.
  1. Picking the wrong neighborhood: The neighborhood that you choose to invest in should have several nearby amenities.  It should be close to good schools, have long-term upward potential, and a good reputation. As a bonus tip, look for neighborhoods around you that have pleasant-sounding names. As unbelievable as it may sound, there is something to the fact that these are the places that people want to live. It’s not an absolute rule, but something to keep in mind.
  1. Not inspecting comparable properties: Strong real estate comps can be great for prospecting and getting an idea of general values in a specific area. However, once you begin to value a target property, it is a must that you find at least five comparable properties near your target property. After you do, you should go look at these properties yourself in order to get an idea of the differences between your property and the comps.

While the mistakes listed above are very common for new investors, you shouldn’t be dissuaded. Learning from doing is one of the best ways to learn, but an even better way to learn is to learn from other people’s experiences.  Allow us at InvestorCompsOnline to offer our years of experience to serve you.mistake-600x300

Making Real Estate Investments Work | Part Three

Making Real Estate Investments WorkFor the past couple of days we have been discussing what I feel are things to consider when branching out into the real estate investment field. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today will wrap up our discussion on real estate investment.

5) You get paid for solving problems. This is a business with a lot of problems. Sellers can get very emotional, or have a lot of financial trouble, at the time that you’ll be working with them. That’s stressful for anyone, especially when the transfer of a large asset like a house, apartment building or office/retail center is involved. Many investors for this very reason,  choose to deal with HUD properties only.  Working with HUD essentially takes the emotion out of the deal and brings the “business only” aspect back into the negotiating process.

Listen guys, no one says real estate is easy. What they will tell you is that it’s worth it, if you want financial freedom for you and your family. It can offer some great returns, but there’s a reason not everyone goes after them. Not every property is a winner and finding and acquiring the winners can be a challenge. However, if you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run. InvestorCompsOnline is here to serve your needs while you seek to make your profits.

Making Real Estate Investments Work | Part Two

Making Real Estate Investments WorkLast time, we discussed how that sometimes working in the real estate investment field there are certain things that are on-the-job training and some that you glean from others. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today I want to discuss negotiating and return on investment.

3) You have to become a master negotiator.  A lot of investors believe that if you find the motivated sellers, the deals are there for the taking. That’s almost true. Whether you’re working in commercial or residential real estate, you’ll get much better deals when you negotiate with a motivated seller. However, the key is that you must NEGOTIATE. You have to make offers that will work for you and engage the sellers in conversation. You have to find sellers that you think may be motivated and offer them your low cash offer or terms offer in order to see if they’re willing to work with you.

4) Figure out your ROI (return on investment). Sometimes, when you don’t have a deal, it’s easy to think “any” deal would be good. However, sometimes the best deals are the ones you PASS on – you “make” your money by saving yourself from some expensive mistakes. Don’t waste time on property that doesn’t make sense when you run the numbers. Don’t get emotionally attached just because someone says they’re motivated or willing to work out terms with you. Run the numbers. Always focus on the numbers.

Like I said yesterday,  I hope these two points, are helpful in your quest to being profitable in the real estate investment field.  Next time, I will be discussing, the business of managing and problem solving in your real estate deals.  If you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run.  InvestorCompsOnline is here to assist.

Monthly Archives: September 2016

Renovation For Profit

Renovation For ProfitWhen it comes to flipping houses, it’s a given that negotiating is everything. In fact, the real profit is made when you buy, not when you sell. Therefore, you must aim to get the best price possible on the front end when purchasing properties. Using real estate comps will allow you to do this.  By doing so, you will be able to build enough profit margin into your deals to make them worthwhile, as well as any extra cushion for unforeseen circumstances.

I want to share my 3-step process for negotiating deals for your house flipping business. In beginning negotiations with the seller, you will be amazed at the amount of information you can collect before you ever go to inspect a property. For example, it would be important to know if there were any foundational issues with the house before you ever get into your car, because this is most likely a property you may want to steer clear from.

Therefore, create a simple phone interview form you can use specifically for flipping houses, whenever somebody calls you. Include important property specifics, repair estimates, motivational indicators, and the asking price. Within 10 minutes, you should have a basic foundation to quickly decide whether or not the deal is worth pursuing.

Next you will need to inspect the property.  If you make it to this stage, keep in mind that their “lowest” price is typically negotiable unless they are asking what they owe. Therefore, casually mention on the phone that you will have to physically see the property first before you make a final decision. Be sure to mention that your offer may come in lower if the property ends up being in worse condition than you first imagined it to be over the phone. This sets the seller up for a counteroffer, and also provides an opportunity for you to test their flexibility.

Finally, your last step will be to have an experienced contractor (or another investor if you’re wholesaling) go through the property. However, be sure that you first have the property under contract with an inspection contingency, so that you gain a commitment from the seller. The importance of having a contract first, is that you now have initiated the buying process in the seller’s mind.

Whether you are wholesaling or doing retail flips, the same negotiation principles apply.  InvestorCompsOnline is available to assist with any real estate comps  The more you practice each principle, the better you will become at finding and negotiation bargain deals.

Reaping The Rewards Of Flipping Houses

Reaping The Rewards Of Flipping HousesFlipping houses can be extremely rewarding in many ways. When an investor uses real estate comps to bid on deals, it’s a win for them each time.  Let’s take a quick look at the ways we can be rewarded in real estate investing.

First is monetarily. When you take the proper time to learn how to flip houses the right way, you can wind up making a lot of money on it. You can start out part-time while you keep your conventional job. However, if you do this right, ultimately you will be able to leave your job behind and make a full-time living doing it.

Many investors have a chance to use their creative side when renovating properties as well. Flipping houses can also be rewarding to you if you enjoy the opportunity to take a property and make it a viable option for profit. When you fix up an ugly property and make it presentable, you can then opt to sell it or rent it out.  The key is to renovate the property to a blank canvas. DO NOT overdo it. After your prospective client buys the house, they may want to add their own touches to finish it. Use just enough creativity to make the home appealing to massive amounts of people so they will want to buy it.

Lastly, having the right team in place affords you the chance to help other entrepreneurs’…meaning you will be creating work for people. By creating work for people you help them earn money to meet their expenses and/or feed their families. In doing this you will be helping a lot of people. This can be the most rewarding aspect of all with regards to flipping houses. So, what are you waiting for? Stop by our website, and get started today.

New Real Estate Investor Mistakes To Avoid

New Real Estate Investor Mistakes To AvoidInvesting in Real Estate can be one of the best ways to accumulate wealth. InvestorCompsOnline can help you achieve your goals.  You can definitely make your mark and secure your future. But the successful real estate investors often make it look easier than it is and rarely advertises the mistakes that they’ve made. Here are a few mistakes that you don’t want to make as a new real estate investor.

  1. Being too greedy: Be realistic about how much profit is in a deal. My personal favorite saying is “You make your profit when you buy.” Use quality realtors, contractors, lawyers and tax professionals. They’re worth the money. You may be able to save a few dollars here and there, but when you do things the right way, you save money in the long run.
  1. Picking the wrong neighborhood: The neighborhood that you choose to invest in should have several nearby amenities.  It should be close to good schools, have long-term upward potential, and a good reputation. As a bonus tip, look for neighborhoods around you that have pleasant-sounding names. As unbelievable as it may sound, there is something to the fact that these are the places that people want to live. It’s not an absolute rule, but something to keep in mind.
  1. Not inspecting comparable properties: Strong real estate comps can be great for prospecting and getting an idea of general values in a specific area. However, once you begin to value a target property, it is a must that you find at least five comparable properties near your target property. After you do, you should go look at these properties yourself in order to get an idea of the differences between your property and the comps.

While the mistakes listed above are very common for new investors, you shouldn’t be dissuaded. Learning from doing is one of the best ways to learn, but an even better way to learn is to learn from other people’s experiences.  Allow us at InvestorCompsOnline to offer our years of experience to serve you.mistake-600x300

Making Real Estate Investments Work | Part Three

Making Real Estate Investments WorkFor the past couple of days we have been discussing what I feel are things to consider when branching out into the real estate investment field. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today will wrap up our discussion on real estate investment.

5) You get paid for solving problems. This is a business with a lot of problems. Sellers can get very emotional, or have a lot of financial trouble, at the time that you’ll be working with them. That’s stressful for anyone, especially when the transfer of a large asset like a house, apartment building or office/retail center is involved. Many investors for this very reason,  choose to deal with HUD properties only.  Working with HUD essentially takes the emotion out of the deal and brings the “business only” aspect back into the negotiating process.

Listen guys, no one says real estate is easy. What they will tell you is that it’s worth it, if you want financial freedom for you and your family. It can offer some great returns, but there’s a reason not everyone goes after them. Not every property is a winner and finding and acquiring the winners can be a challenge. However, if you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run. InvestorCompsOnline is here to serve your needs while you seek to make your profits.

Making Real Estate Investments Work | Part Two

Making Real Estate Investments WorkLast time, we discussed how that sometimes working in the real estate investment field there are certain things that are on-the-job training and some that you glean from others. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today I want to discuss negotiating and return on investment.

3) You have to become a master negotiator.  A lot of investors believe that if you find the motivated sellers, the deals are there for the taking. That’s almost true. Whether you’re working in commercial or residential real estate, you’ll get much better deals when you negotiate with a motivated seller. However, the key is that you must NEGOTIATE. You have to make offers that will work for you and engage the sellers in conversation. You have to find sellers that you think may be motivated and offer them your low cash offer or terms offer in order to see if they’re willing to work with you.

4) Figure out your ROI (return on investment). Sometimes, when you don’t have a deal, it’s easy to think “any” deal would be good. However, sometimes the best deals are the ones you PASS on – you “make” your money by saving yourself from some expensive mistakes. Don’t waste time on property that doesn’t make sense when you run the numbers. Don’t get emotionally attached just because someone says they’re motivated or willing to work out terms with you. Run the numbers. Always focus on the numbers.

Like I said yesterday,  I hope these two points, are helpful in your quest to being profitable in the real estate investment field.  Next time, I will be discussing, the business of managing and problem solving in your real estate deals.  If you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run.  InvestorCompsOnline is here to assist.

Monthly Archives: September 2016

Renovation For Profit

Renovation For ProfitWhen it comes to flipping houses, it’s a given that negotiating is everything. In fact, the real profit is made when you buy, not when you sell. Therefore, you must aim to get the best price possible on the front end when purchasing properties. Using real estate comps will allow you to do this.  By doing so, you will be able to build enough profit margin into your deals to make them worthwhile, as well as any extra cushion for unforeseen circumstances.

I want to share my 3-step process for negotiating deals for your house flipping business. In beginning negotiations with the seller, you will be amazed at the amount of information you can collect before you ever go to inspect a property. For example, it would be important to know if there were any foundational issues with the house before you ever get into your car, because this is most likely a property you may want to steer clear from.

Therefore, create a simple phone interview form you can use specifically for flipping houses, whenever somebody calls you. Include important property specifics, repair estimates, motivational indicators, and the asking price. Within 10 minutes, you should have a basic foundation to quickly decide whether or not the deal is worth pursuing.

Next you will need to inspect the property.  If you make it to this stage, keep in mind that their “lowest” price is typically negotiable unless they are asking what they owe. Therefore, casually mention on the phone that you will have to physically see the property first before you make a final decision. Be sure to mention that your offer may come in lower if the property ends up being in worse condition than you first imagined it to be over the phone. This sets the seller up for a counteroffer, and also provides an opportunity for you to test their flexibility.

Finally, your last step will be to have an experienced contractor (or another investor if you’re wholesaling) go through the property. However, be sure that you first have the property under contract with an inspection contingency, so that you gain a commitment from the seller. The importance of having a contract first, is that you now have initiated the buying process in the seller’s mind.

Whether you are wholesaling or doing retail flips, the same negotiation principles apply.  InvestorCompsOnline is available to assist with any real estate comps  The more you practice each principle, the better you will become at finding and negotiation bargain deals.

Reaping The Rewards Of Flipping Houses

Reaping The Rewards Of Flipping HousesFlipping houses can be extremely rewarding in many ways. When an investor uses real estate comps to bid on deals, it’s a win for them each time.  Let’s take a quick look at the ways we can be rewarded in real estate investing.

First is monetarily. When you take the proper time to learn how to flip houses the right way, you can wind up making a lot of money on it. You can start out part-time while you keep your conventional job. However, if you do this right, ultimately you will be able to leave your job behind and make a full-time living doing it.

Many investors have a chance to use their creative side when renovating properties as well. Flipping houses can also be rewarding to you if you enjoy the opportunity to take a property and make it a viable option for profit. When you fix up an ugly property and make it presentable, you can then opt to sell it or rent it out.  The key is to renovate the property to a blank canvas. DO NOT overdo it. After your prospective client buys the house, they may want to add their own touches to finish it. Use just enough creativity to make the home appealing to massive amounts of people so they will want to buy it.

Lastly, having the right team in place affords you the chance to help other entrepreneurs’…meaning you will be creating work for people. By creating work for people you help them earn money to meet their expenses and/or feed their families. In doing this you will be helping a lot of people. This can be the most rewarding aspect of all with regards to flipping houses. So, what are you waiting for? Stop by our website, and get started today.

New Real Estate Investor Mistakes To Avoid

New Real Estate Investor Mistakes To AvoidInvesting in Real Estate can be one of the best ways to accumulate wealth. InvestorCompsOnline can help you achieve your goals.  You can definitely make your mark and secure your future. But the successful real estate investors often make it look easier than it is and rarely advertises the mistakes that they’ve made. Here are a few mistakes that you don’t want to make as a new real estate investor.

  1. Being too greedy: Be realistic about how much profit is in a deal. My personal favorite saying is “You make your profit when you buy.” Use quality realtors, contractors, lawyers and tax professionals. They’re worth the money. You may be able to save a few dollars here and there, but when you do things the right way, you save money in the long run.
  1. Picking the wrong neighborhood: The neighborhood that you choose to invest in should have several nearby amenities.  It should be close to good schools, have long-term upward potential, and a good reputation. As a bonus tip, look for neighborhoods around you that have pleasant-sounding names. As unbelievable as it may sound, there is something to the fact that these are the places that people want to live. It’s not an absolute rule, but something to keep in mind.
  1. Not inspecting comparable properties: Strong real estate comps can be great for prospecting and getting an idea of general values in a specific area. However, once you begin to value a target property, it is a must that you find at least five comparable properties near your target property. After you do, you should go look at these properties yourself in order to get an idea of the differences between your property and the comps.

While the mistakes listed above are very common for new investors, you shouldn’t be dissuaded. Learning from doing is one of the best ways to learn, but an even better way to learn is to learn from other people’s experiences.  Allow us at InvestorCompsOnline to offer our years of experience to serve you.mistake-600x300

Making Real Estate Investments Work | Part Three

Making Real Estate Investments WorkFor the past couple of days we have been discussing what I feel are things to consider when branching out into the real estate investment field. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today will wrap up our discussion on real estate investment.

5) You get paid for solving problems. This is a business with a lot of problems. Sellers can get very emotional, or have a lot of financial trouble, at the time that you’ll be working with them. That’s stressful for anyone, especially when the transfer of a large asset like a house, apartment building or office/retail center is involved. Many investors for this very reason,  choose to deal with HUD properties only.  Working with HUD essentially takes the emotion out of the deal and brings the “business only” aspect back into the negotiating process.

Listen guys, no one says real estate is easy. What they will tell you is that it’s worth it, if you want financial freedom for you and your family. It can offer some great returns, but there’s a reason not everyone goes after them. Not every property is a winner and finding and acquiring the winners can be a challenge. However, if you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run. InvestorCompsOnline is here to serve your needs while you seek to make your profits.

Making Real Estate Investments Work | Part Two

Making Real Estate Investments WorkLast time, we discussed how that sometimes working in the real estate investment field there are certain things that are on-the-job training and some that you glean from others. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today I want to discuss negotiating and return on investment.

3) You have to become a master negotiator.  A lot of investors believe that if you find the motivated sellers, the deals are there for the taking. That’s almost true. Whether you’re working in commercial or residential real estate, you’ll get much better deals when you negotiate with a motivated seller. However, the key is that you must NEGOTIATE. You have to make offers that will work for you and engage the sellers in conversation. You have to find sellers that you think may be motivated and offer them your low cash offer or terms offer in order to see if they’re willing to work with you.

4) Figure out your ROI (return on investment). Sometimes, when you don’t have a deal, it’s easy to think “any” deal would be good. However, sometimes the best deals are the ones you PASS on – you “make” your money by saving yourself from some expensive mistakes. Don’t waste time on property that doesn’t make sense when you run the numbers. Don’t get emotionally attached just because someone says they’re motivated or willing to work out terms with you. Run the numbers. Always focus on the numbers.

Like I said yesterday,  I hope these two points, are helpful in your quest to being profitable in the real estate investment field.  Next time, I will be discussing, the business of managing and problem solving in your real estate deals.  If you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run.  InvestorCompsOnline is here to assist.

Monthly Archives: September 2016

Renovation For Profit

Renovation For ProfitWhen it comes to flipping houses, it’s a given that negotiating is everything. In fact, the real profit is made when you buy, not when you sell. Therefore, you must aim to get the best price possible on the front end when purchasing properties. Using real estate comps will allow you to do this.  By doing so, you will be able to build enough profit margin into your deals to make them worthwhile, as well as any extra cushion for unforeseen circumstances.

I want to share my 3-step process for negotiating deals for your house flipping business. In beginning negotiations with the seller, you will be amazed at the amount of information you can collect before you ever go to inspect a property. For example, it would be important to know if there were any foundational issues with the house before you ever get into your car, because this is most likely a property you may want to steer clear from.

Therefore, create a simple phone interview form you can use specifically for flipping houses, whenever somebody calls you. Include important property specifics, repair estimates, motivational indicators, and the asking price. Within 10 minutes, you should have a basic foundation to quickly decide whether or not the deal is worth pursuing.

Next you will need to inspect the property.  If you make it to this stage, keep in mind that their “lowest” price is typically negotiable unless they are asking what they owe. Therefore, casually mention on the phone that you will have to physically see the property first before you make a final decision. Be sure to mention that your offer may come in lower if the property ends up being in worse condition than you first imagined it to be over the phone. This sets the seller up for a counteroffer, and also provides an opportunity for you to test their flexibility.

Finally, your last step will be to have an experienced contractor (or another investor if you’re wholesaling) go through the property. However, be sure that you first have the property under contract with an inspection contingency, so that you gain a commitment from the seller. The importance of having a contract first, is that you now have initiated the buying process in the seller’s mind.

Whether you are wholesaling or doing retail flips, the same negotiation principles apply.  InvestorCompsOnline is available to assist with any real estate comps  The more you practice each principle, the better you will become at finding and negotiation bargain deals.

Reaping The Rewards Of Flipping Houses

Reaping The Rewards Of Flipping HousesFlipping houses can be extremely rewarding in many ways. When an investor uses real estate comps to bid on deals, it’s a win for them each time.  Let’s take a quick look at the ways we can be rewarded in real estate investing.

First is monetarily. When you take the proper time to learn how to flip houses the right way, you can wind up making a lot of money on it. You can start out part-time while you keep your conventional job. However, if you do this right, ultimately you will be able to leave your job behind and make a full-time living doing it.

Many investors have a chance to use their creative side when renovating properties as well. Flipping houses can also be rewarding to you if you enjoy the opportunity to take a property and make it a viable option for profit. When you fix up an ugly property and make it presentable, you can then opt to sell it or rent it out.  The key is to renovate the property to a blank canvas. DO NOT overdo it. After your prospective client buys the house, they may want to add their own touches to finish it. Use just enough creativity to make the home appealing to massive amounts of people so they will want to buy it.

Lastly, having the right team in place affords you the chance to help other entrepreneurs’…meaning you will be creating work for people. By creating work for people you help them earn money to meet their expenses and/or feed their families. In doing this you will be helping a lot of people. This can be the most rewarding aspect of all with regards to flipping houses. So, what are you waiting for? Stop by our website, and get started today.

New Real Estate Investor Mistakes To Avoid

New Real Estate Investor Mistakes To AvoidInvesting in Real Estate can be one of the best ways to accumulate wealth. InvestorCompsOnline can help you achieve your goals.  You can definitely make your mark and secure your future. But the successful real estate investors often make it look easier than it is and rarely advertises the mistakes that they’ve made. Here are a few mistakes that you don’t want to make as a new real estate investor.

  1. Being too greedy: Be realistic about how much profit is in a deal. My personal favorite saying is “You make your profit when you buy.” Use quality realtors, contractors, lawyers and tax professionals. They’re worth the money. You may be able to save a few dollars here and there, but when you do things the right way, you save money in the long run.
  1. Picking the wrong neighborhood: The neighborhood that you choose to invest in should have several nearby amenities.  It should be close to good schools, have long-term upward potential, and a good reputation. As a bonus tip, look for neighborhoods around you that have pleasant-sounding names. As unbelievable as it may sound, there is something to the fact that these are the places that people want to live. It’s not an absolute rule, but something to keep in mind.
  1. Not inspecting comparable properties: Strong real estate comps can be great for prospecting and getting an idea of general values in a specific area. However, once you begin to value a target property, it is a must that you find at least five comparable properties near your target property. After you do, you should go look at these properties yourself in order to get an idea of the differences between your property and the comps.

While the mistakes listed above are very common for new investors, you shouldn’t be dissuaded. Learning from doing is one of the best ways to learn, but an even better way to learn is to learn from other people’s experiences.  Allow us at InvestorCompsOnline to offer our years of experience to serve you.mistake-600x300

Making Real Estate Investments Work | Part Three

Making Real Estate Investments WorkFor the past couple of days we have been discussing what I feel are things to consider when branching out into the real estate investment field. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today will wrap up our discussion on real estate investment.

5) You get paid for solving problems. This is a business with a lot of problems. Sellers can get very emotional, or have a lot of financial trouble, at the time that you’ll be working with them. That’s stressful for anyone, especially when the transfer of a large asset like a house, apartment building or office/retail center is involved. Many investors for this very reason,  choose to deal with HUD properties only.  Working with HUD essentially takes the emotion out of the deal and brings the “business only” aspect back into the negotiating process.

Listen guys, no one says real estate is easy. What they will tell you is that it’s worth it, if you want financial freedom for you and your family. It can offer some great returns, but there’s a reason not everyone goes after them. Not every property is a winner and finding and acquiring the winners can be a challenge. However, if you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run. InvestorCompsOnline is here to serve your needs while you seek to make your profits.

Making Real Estate Investments Work | Part Two

Making Real Estate Investments WorkLast time, we discussed how that sometimes working in the real estate investment field there are certain things that are on-the-job training and some that you glean from others. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today I want to discuss negotiating and return on investment.

3) You have to become a master negotiator.  A lot of investors believe that if you find the motivated sellers, the deals are there for the taking. That’s almost true. Whether you’re working in commercial or residential real estate, you’ll get much better deals when you negotiate with a motivated seller. However, the key is that you must NEGOTIATE. You have to make offers that will work for you and engage the sellers in conversation. You have to find sellers that you think may be motivated and offer them your low cash offer or terms offer in order to see if they’re willing to work with you.

4) Figure out your ROI (return on investment). Sometimes, when you don’t have a deal, it’s easy to think “any” deal would be good. However, sometimes the best deals are the ones you PASS on – you “make” your money by saving yourself from some expensive mistakes. Don’t waste time on property that doesn’t make sense when you run the numbers. Don’t get emotionally attached just because someone says they’re motivated or willing to work out terms with you. Run the numbers. Always focus on the numbers.

Like I said yesterday,  I hope these two points, are helpful in your quest to being profitable in the real estate investment field.  Next time, I will be discussing, the business of managing and problem solving in your real estate deals.  If you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run.  InvestorCompsOnline is here to assist.

Monthly Archives: September 2016

Renovation For Profit

Renovation For ProfitWhen it comes to flipping houses, it’s a given that negotiating is everything. In fact, the real profit is made when you buy, not when you sell. Therefore, you must aim to get the best price possible on the front end when purchasing properties. Using real estate comps will allow you to do this.  By doing so, you will be able to build enough profit margin into your deals to make them worthwhile, as well as any extra cushion for unforeseen circumstances.

I want to share my 3-step process for negotiating deals for your house flipping business. In beginning negotiations with the seller, you will be amazed at the amount of information you can collect before you ever go to inspect a property. For example, it would be important to know if there were any foundational issues with the house before you ever get into your car, because this is most likely a property you may want to steer clear from.

Therefore, create a simple phone interview form you can use specifically for flipping houses, whenever somebody calls you. Include important property specifics, repair estimates, motivational indicators, and the asking price. Within 10 minutes, you should have a basic foundation to quickly decide whether or not the deal is worth pursuing.

Next you will need to inspect the property.  If you make it to this stage, keep in mind that their “lowest” price is typically negotiable unless they are asking what they owe. Therefore, casually mention on the phone that you will have to physically see the property first before you make a final decision. Be sure to mention that your offer may come in lower if the property ends up being in worse condition than you first imagined it to be over the phone. This sets the seller up for a counteroffer, and also provides an opportunity for you to test their flexibility.

Finally, your last step will be to have an experienced contractor (or another investor if you’re wholesaling) go through the property. However, be sure that you first have the property under contract with an inspection contingency, so that you gain a commitment from the seller. The importance of having a contract first, is that you now have initiated the buying process in the seller’s mind.

Whether you are wholesaling or doing retail flips, the same negotiation principles apply.  InvestorCompsOnline is available to assist with any real estate comps  The more you practice each principle, the better you will become at finding and negotiation bargain deals.

Reaping The Rewards Of Flipping Houses

Reaping The Rewards Of Flipping HousesFlipping houses can be extremely rewarding in many ways. When an investor uses real estate comps to bid on deals, it’s a win for them each time.  Let’s take a quick look at the ways we can be rewarded in real estate investing.

First is monetarily. When you take the proper time to learn how to flip houses the right way, you can wind up making a lot of money on it. You can start out part-time while you keep your conventional job. However, if you do this right, ultimately you will be able to leave your job behind and make a full-time living doing it.

Many investors have a chance to use their creative side when renovating properties as well. Flipping houses can also be rewarding to you if you enjoy the opportunity to take a property and make it a viable option for profit. When you fix up an ugly property and make it presentable, you can then opt to sell it or rent it out.  The key is to renovate the property to a blank canvas. DO NOT overdo it. After your prospective client buys the house, they may want to add their own touches to finish it. Use just enough creativity to make the home appealing to massive amounts of people so they will want to buy it.

Lastly, having the right team in place affords you the chance to help other entrepreneurs’…meaning you will be creating work for people. By creating work for people you help them earn money to meet their expenses and/or feed their families. In doing this you will be helping a lot of people. This can be the most rewarding aspect of all with regards to flipping houses. So, what are you waiting for? Stop by our website, and get started today.

New Real Estate Investor Mistakes To Avoid

New Real Estate Investor Mistakes To AvoidInvesting in Real Estate can be one of the best ways to accumulate wealth. InvestorCompsOnline can help you achieve your goals.  You can definitely make your mark and secure your future. But the successful real estate investors often make it look easier than it is and rarely advertises the mistakes that they’ve made. Here are a few mistakes that you don’t want to make as a new real estate investor.

  1. Being too greedy: Be realistic about how much profit is in a deal. My personal favorite saying is “You make your profit when you buy.” Use quality realtors, contractors, lawyers and tax professionals. They’re worth the money. You may be able to save a few dollars here and there, but when you do things the right way, you save money in the long run.
  1. Picking the wrong neighborhood: The neighborhood that you choose to invest in should have several nearby amenities.  It should be close to good schools, have long-term upward potential, and a good reputation. As a bonus tip, look for neighborhoods around you that have pleasant-sounding names. As unbelievable as it may sound, there is something to the fact that these are the places that people want to live. It’s not an absolute rule, but something to keep in mind.
  1. Not inspecting comparable properties: Strong real estate comps can be great for prospecting and getting an idea of general values in a specific area. However, once you begin to value a target property, it is a must that you find at least five comparable properties near your target property. After you do, you should go look at these properties yourself in order to get an idea of the differences between your property and the comps.

While the mistakes listed above are very common for new investors, you shouldn’t be dissuaded. Learning from doing is one of the best ways to learn, but an even better way to learn is to learn from other people’s experiences.  Allow us at InvestorCompsOnline to offer our years of experience to serve you.mistake-600x300

Making Real Estate Investments Work | Part Three

Making Real Estate Investments WorkFor the past couple of days we have been discussing what I feel are things to consider when branching out into the real estate investment field. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today will wrap up our discussion on real estate investment.

5) You get paid for solving problems. This is a business with a lot of problems. Sellers can get very emotional, or have a lot of financial trouble, at the time that you’ll be working with them. That’s stressful for anyone, especially when the transfer of a large asset like a house, apartment building or office/retail center is involved. Many investors for this very reason,  choose to deal with HUD properties only.  Working with HUD essentially takes the emotion out of the deal and brings the “business only” aspect back into the negotiating process.

Listen guys, no one says real estate is easy. What they will tell you is that it’s worth it, if you want financial freedom for you and your family. It can offer some great returns, but there’s a reason not everyone goes after them. Not every property is a winner and finding and acquiring the winners can be a challenge. However, if you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run. InvestorCompsOnline is here to serve your needs while you seek to make your profits.

Making Real Estate Investments Work | Part Two

Making Real Estate Investments WorkLast time, we discussed how that sometimes working in the real estate investment field there are certain things that are on-the-job training and some that you glean from others. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today I want to discuss negotiating and return on investment.

3) You have to become a master negotiator.  A lot of investors believe that if you find the motivated sellers, the deals are there for the taking. That’s almost true. Whether you’re working in commercial or residential real estate, you’ll get much better deals when you negotiate with a motivated seller. However, the key is that you must NEGOTIATE. You have to make offers that will work for you and engage the sellers in conversation. You have to find sellers that you think may be motivated and offer them your low cash offer or terms offer in order to see if they’re willing to work with you.

4) Figure out your ROI (return on investment). Sometimes, when you don’t have a deal, it’s easy to think “any” deal would be good. However, sometimes the best deals are the ones you PASS on – you “make” your money by saving yourself from some expensive mistakes. Don’t waste time on property that doesn’t make sense when you run the numbers. Don’t get emotionally attached just because someone says they’re motivated or willing to work out terms with you. Run the numbers. Always focus on the numbers.

Like I said yesterday,  I hope these two points, are helpful in your quest to being profitable in the real estate investment field.  Next time, I will be discussing, the business of managing and problem solving in your real estate deals.  If you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run.  InvestorCompsOnline is here to assist.

Monthly Archives: September 2016

Renovation For Profit

Renovation For ProfitWhen it comes to flipping houses, it’s a given that negotiating is everything. In fact, the real profit is made when you buy, not when you sell. Therefore, you must aim to get the best price possible on the front end when purchasing properties. Using real estate comps will allow you to do this.  By doing so, you will be able to build enough profit margin into your deals to make them worthwhile, as well as any extra cushion for unforeseen circumstances.

I want to share my 3-step process for negotiating deals for your house flipping business. In beginning negotiations with the seller, you will be amazed at the amount of information you can collect before you ever go to inspect a property. For example, it would be important to know if there were any foundational issues with the house before you ever get into your car, because this is most likely a property you may want to steer clear from.

Therefore, create a simple phone interview form you can use specifically for flipping houses, whenever somebody calls you. Include important property specifics, repair estimates, motivational indicators, and the asking price. Within 10 minutes, you should have a basic foundation to quickly decide whether or not the deal is worth pursuing.

Next you will need to inspect the property.  If you make it to this stage, keep in mind that their “lowest” price is typically negotiable unless they are asking what they owe. Therefore, casually mention on the phone that you will have to physically see the property first before you make a final decision. Be sure to mention that your offer may come in lower if the property ends up being in worse condition than you first imagined it to be over the phone. This sets the seller up for a counteroffer, and also provides an opportunity for you to test their flexibility.

Finally, your last step will be to have an experienced contractor (or another investor if you’re wholesaling) go through the property. However, be sure that you first have the property under contract with an inspection contingency, so that you gain a commitment from the seller. The importance of having a contract first, is that you now have initiated the buying process in the seller’s mind.

Whether you are wholesaling or doing retail flips, the same negotiation principles apply.  InvestorCompsOnline is available to assist with any real estate comps  The more you practice each principle, the better you will become at finding and negotiation bargain deals.

Reaping The Rewards Of Flipping Houses

Reaping The Rewards Of Flipping HousesFlipping houses can be extremely rewarding in many ways. When an investor uses real estate comps to bid on deals, it’s a win for them each time.  Let’s take a quick look at the ways we can be rewarded in real estate investing.

First is monetarily. When you take the proper time to learn how to flip houses the right way, you can wind up making a lot of money on it. You can start out part-time while you keep your conventional job. However, if you do this right, ultimately you will be able to leave your job behind and make a full-time living doing it.

Many investors have a chance to use their creative side when renovating properties as well. Flipping houses can also be rewarding to you if you enjoy the opportunity to take a property and make it a viable option for profit. When you fix up an ugly property and make it presentable, you can then opt to sell it or rent it out.  The key is to renovate the property to a blank canvas. DO NOT overdo it. After your prospective client buys the house, they may want to add their own touches to finish it. Use just enough creativity to make the home appealing to massive amounts of people so they will want to buy it.

Lastly, having the right team in place affords you the chance to help other entrepreneurs’…meaning you will be creating work for people. By creating work for people you help them earn money to meet their expenses and/or feed their families. In doing this you will be helping a lot of people. This can be the most rewarding aspect of all with regards to flipping houses. So, what are you waiting for? Stop by our website, and get started today.

New Real Estate Investor Mistakes To Avoid

New Real Estate Investor Mistakes To AvoidInvesting in Real Estate can be one of the best ways to accumulate wealth. InvestorCompsOnline can help you achieve your goals.  You can definitely make your mark and secure your future. But the successful real estate investors often make it look easier than it is and rarely advertises the mistakes that they’ve made. Here are a few mistakes that you don’t want to make as a new real estate investor.

  1. Being too greedy: Be realistic about how much profit is in a deal. My personal favorite saying is “You make your profit when you buy.” Use quality realtors, contractors, lawyers and tax professionals. They’re worth the money. You may be able to save a few dollars here and there, but when you do things the right way, you save money in the long run.
  1. Picking the wrong neighborhood: The neighborhood that you choose to invest in should have several nearby amenities.  It should be close to good schools, have long-term upward potential, and a good reputation. As a bonus tip, look for neighborhoods around you that have pleasant-sounding names. As unbelievable as it may sound, there is something to the fact that these are the places that people want to live. It’s not an absolute rule, but something to keep in mind.
  1. Not inspecting comparable properties: Strong real estate comps can be great for prospecting and getting an idea of general values in a specific area. However, once you begin to value a target property, it is a must that you find at least five comparable properties near your target property. After you do, you should go look at these properties yourself in order to get an idea of the differences between your property and the comps.

While the mistakes listed above are very common for new investors, you shouldn’t be dissuaded. Learning from doing is one of the best ways to learn, but an even better way to learn is to learn from other people’s experiences.  Allow us at InvestorCompsOnline to offer our years of experience to serve you.mistake-600x300

Making Real Estate Investments Work | Part Three

Making Real Estate Investments WorkFor the past couple of days we have been discussing what I feel are things to consider when branching out into the real estate investment field. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today will wrap up our discussion on real estate investment.

5) You get paid for solving problems. This is a business with a lot of problems. Sellers can get very emotional, or have a lot of financial trouble, at the time that you’ll be working with them. That’s stressful for anyone, especially when the transfer of a large asset like a house, apartment building or office/retail center is involved. Many investors for this very reason,  choose to deal with HUD properties only.  Working with HUD essentially takes the emotion out of the deal and brings the “business only” aspect back into the negotiating process.

Listen guys, no one says real estate is easy. What they will tell you is that it’s worth it, if you want financial freedom for you and your family. It can offer some great returns, but there’s a reason not everyone goes after them. Not every property is a winner and finding and acquiring the winners can be a challenge. However, if you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run. InvestorCompsOnline is here to serve your needs while you seek to make your profits.

Making Real Estate Investments Work | Part Two

Making Real Estate Investments WorkLast time, we discussed how that sometimes working in the real estate investment field there are certain things that are on-the-job training and some that you glean from others. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today I want to discuss negotiating and return on investment.

3) You have to become a master negotiator.  A lot of investors believe that if you find the motivated sellers, the deals are there for the taking. That’s almost true. Whether you’re working in commercial or residential real estate, you’ll get much better deals when you negotiate with a motivated seller. However, the key is that you must NEGOTIATE. You have to make offers that will work for you and engage the sellers in conversation. You have to find sellers that you think may be motivated and offer them your low cash offer or terms offer in order to see if they’re willing to work with you.

4) Figure out your ROI (return on investment). Sometimes, when you don’t have a deal, it’s easy to think “any” deal would be good. However, sometimes the best deals are the ones you PASS on – you “make” your money by saving yourself from some expensive mistakes. Don’t waste time on property that doesn’t make sense when you run the numbers. Don’t get emotionally attached just because someone says they’re motivated or willing to work out terms with you. Run the numbers. Always focus on the numbers.

Like I said yesterday,  I hope these two points, are helpful in your quest to being profitable in the real estate investment field.  Next time, I will be discussing, the business of managing and problem solving in your real estate deals.  If you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run.  InvestorCompsOnline is here to assist.

Monthly Archives: September 2016

Renovation For Profit

Renovation For ProfitWhen it comes to flipping houses, it’s a given that negotiating is everything. In fact, the real profit is made when you buy, not when you sell. Therefore, you must aim to get the best price possible on the front end when purchasing properties. Using real estate comps will allow you to do this.  By doing so, you will be able to build enough profit margin into your deals to make them worthwhile, as well as any extra cushion for unforeseen circumstances.

I want to share my 3-step process for negotiating deals for your house flipping business. In beginning negotiations with the seller, you will be amazed at the amount of information you can collect before you ever go to inspect a property. For example, it would be important to know if there were any foundational issues with the house before you ever get into your car, because this is most likely a property you may want to steer clear from.

Therefore, create a simple phone interview form you can use specifically for flipping houses, whenever somebody calls you. Include important property specifics, repair estimates, motivational indicators, and the asking price. Within 10 minutes, you should have a basic foundation to quickly decide whether or not the deal is worth pursuing.

Next you will need to inspect the property.  If you make it to this stage, keep in mind that their “lowest” price is typically negotiable unless they are asking what they owe. Therefore, casually mention on the phone that you will have to physically see the property first before you make a final decision. Be sure to mention that your offer may come in lower if the property ends up being in worse condition than you first imagined it to be over the phone. This sets the seller up for a counteroffer, and also provides an opportunity for you to test their flexibility.

Finally, your last step will be to have an experienced contractor (or another investor if you’re wholesaling) go through the property. However, be sure that you first have the property under contract with an inspection contingency, so that you gain a commitment from the seller. The importance of having a contract first, is that you now have initiated the buying process in the seller’s mind.

Whether you are wholesaling or doing retail flips, the same negotiation principles apply.  InvestorCompsOnline is available to assist with any real estate comps  The more you practice each principle, the better you will become at finding and negotiation bargain deals.

Reaping The Rewards Of Flipping Houses

Reaping The Rewards Of Flipping HousesFlipping houses can be extremely rewarding in many ways. When an investor uses real estate comps to bid on deals, it’s a win for them each time.  Let’s take a quick look at the ways we can be rewarded in real estate investing.

First is monetarily. When you take the proper time to learn how to flip houses the right way, you can wind up making a lot of money on it. You can start out part-time while you keep your conventional job. However, if you do this right, ultimately you will be able to leave your job behind and make a full-time living doing it.

Many investors have a chance to use their creative side when renovating properties as well. Flipping houses can also be rewarding to you if you enjoy the opportunity to take a property and make it a viable option for profit. When you fix up an ugly property and make it presentable, you can then opt to sell it or rent it out.  The key is to renovate the property to a blank canvas. DO NOT overdo it. After your prospective client buys the house, they may want to add their own touches to finish it. Use just enough creativity to make the home appealing to massive amounts of people so they will want to buy it.

Lastly, having the right team in place affords you the chance to help other entrepreneurs’…meaning you will be creating work for people. By creating work for people you help them earn money to meet their expenses and/or feed their families. In doing this you will be helping a lot of people. This can be the most rewarding aspect of all with regards to flipping houses. So, what are you waiting for? Stop by our website, and get started today.

New Real Estate Investor Mistakes To Avoid

New Real Estate Investor Mistakes To AvoidInvesting in Real Estate can be one of the best ways to accumulate wealth. InvestorCompsOnline can help you achieve your goals.  You can definitely make your mark and secure your future. But the successful real estate investors often make it look easier than it is and rarely advertises the mistakes that they’ve made. Here are a few mistakes that you don’t want to make as a new real estate investor.

  1. Being too greedy: Be realistic about how much profit is in a deal. My personal favorite saying is “You make your profit when you buy.” Use quality realtors, contractors, lawyers and tax professionals. They’re worth the money. You may be able to save a few dollars here and there, but when you do things the right way, you save money in the long run.
  1. Picking the wrong neighborhood: The neighborhood that you choose to invest in should have several nearby amenities.  It should be close to good schools, have long-term upward potential, and a good reputation. As a bonus tip, look for neighborhoods around you that have pleasant-sounding names. As unbelievable as it may sound, there is something to the fact that these are the places that people want to live. It’s not an absolute rule, but something to keep in mind.
  1. Not inspecting comparable properties: Strong real estate comps can be great for prospecting and getting an idea of general values in a specific area. However, once you begin to value a target property, it is a must that you find at least five comparable properties near your target property. After you do, you should go look at these properties yourself in order to get an idea of the differences between your property and the comps.

While the mistakes listed above are very common for new investors, you shouldn’t be dissuaded. Learning from doing is one of the best ways to learn, but an even better way to learn is to learn from other people’s experiences.  Allow us at InvestorCompsOnline to offer our years of experience to serve you.mistake-600x300

Making Real Estate Investments Work | Part Three

Making Real Estate Investments WorkFor the past couple of days we have been discussing what I feel are things to consider when branching out into the real estate investment field. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today will wrap up our discussion on real estate investment.

5) You get paid for solving problems. This is a business with a lot of problems. Sellers can get very emotional, or have a lot of financial trouble, at the time that you’ll be working with them. That’s stressful for anyone, especially when the transfer of a large asset like a house, apartment building or office/retail center is involved. Many investors for this very reason,  choose to deal with HUD properties only.  Working with HUD essentially takes the emotion out of the deal and brings the “business only” aspect back into the negotiating process.

Listen guys, no one says real estate is easy. What they will tell you is that it’s worth it, if you want financial freedom for you and your family. It can offer some great returns, but there’s a reason not everyone goes after them. Not every property is a winner and finding and acquiring the winners can be a challenge. However, if you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run. InvestorCompsOnline is here to serve your needs while you seek to make your profits.

Making Real Estate Investments Work | Part Two

Making Real Estate Investments WorkLast time, we discussed how that sometimes working in the real estate investment field there are certain things that are on-the-job training and some that you glean from others. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today I want to discuss negotiating and return on investment.

3) You have to become a master negotiator.  A lot of investors believe that if you find the motivated sellers, the deals are there for the taking. That’s almost true. Whether you’re working in commercial or residential real estate, you’ll get much better deals when you negotiate with a motivated seller. However, the key is that you must NEGOTIATE. You have to make offers that will work for you and engage the sellers in conversation. You have to find sellers that you think may be motivated and offer them your low cash offer or terms offer in order to see if they’re willing to work with you.

4) Figure out your ROI (return on investment). Sometimes, when you don’t have a deal, it’s easy to think “any” deal would be good. However, sometimes the best deals are the ones you PASS on – you “make” your money by saving yourself from some expensive mistakes. Don’t waste time on property that doesn’t make sense when you run the numbers. Don’t get emotionally attached just because someone says they’re motivated or willing to work out terms with you. Run the numbers. Always focus on the numbers.

Like I said yesterday,  I hope these two points, are helpful in your quest to being profitable in the real estate investment field.  Next time, I will be discussing, the business of managing and problem solving in your real estate deals.  If you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run.  InvestorCompsOnline is here to assist.

Monthly Archives: September 2016

Renovation For Profit

Renovation For ProfitWhen it comes to flipping houses, it’s a given that negotiating is everything. In fact, the real profit is made when you buy, not when you sell. Therefore, you must aim to get the best price possible on the front end when purchasing properties. Using real estate comps will allow you to do this.  By doing so, you will be able to build enough profit margin into your deals to make them worthwhile, as well as any extra cushion for unforeseen circumstances.

I want to share my 3-step process for negotiating deals for your house flipping business. In beginning negotiations with the seller, you will be amazed at the amount of information you can collect before you ever go to inspect a property. For example, it would be important to know if there were any foundational issues with the house before you ever get into your car, because this is most likely a property you may want to steer clear from.

Therefore, create a simple phone interview form you can use specifically for flipping houses, whenever somebody calls you. Include important property specifics, repair estimates, motivational indicators, and the asking price. Within 10 minutes, you should have a basic foundation to quickly decide whether or not the deal is worth pursuing.

Next you will need to inspect the property.  If you make it to this stage, keep in mind that their “lowest” price is typically negotiable unless they are asking what they owe. Therefore, casually mention on the phone that you will have to physically see the property first before you make a final decision. Be sure to mention that your offer may come in lower if the property ends up being in worse condition than you first imagined it to be over the phone. This sets the seller up for a counteroffer, and also provides an opportunity for you to test their flexibility.

Finally, your last step will be to have an experienced contractor (or another investor if you’re wholesaling) go through the property. However, be sure that you first have the property under contract with an inspection contingency, so that you gain a commitment from the seller. The importance of having a contract first, is that you now have initiated the buying process in the seller’s mind.

Whether you are wholesaling or doing retail flips, the same negotiation principles apply.  InvestorCompsOnline is available to assist with any real estate comps  The more you practice each principle, the better you will become at finding and negotiation bargain deals.

Reaping The Rewards Of Flipping Houses

Reaping The Rewards Of Flipping HousesFlipping houses can be extremely rewarding in many ways. When an investor uses real estate comps to bid on deals, it’s a win for them each time.  Let’s take a quick look at the ways we can be rewarded in real estate investing.

First is monetarily. When you take the proper time to learn how to flip houses the right way, you can wind up making a lot of money on it. You can start out part-time while you keep your conventional job. However, if you do this right, ultimately you will be able to leave your job behind and make a full-time living doing it.

Many investors have a chance to use their creative side when renovating properties as well. Flipping houses can also be rewarding to you if you enjoy the opportunity to take a property and make it a viable option for profit. When you fix up an ugly property and make it presentable, you can then opt to sell it or rent it out.  The key is to renovate the property to a blank canvas. DO NOT overdo it. After your prospective client buys the house, they may want to add their own touches to finish it. Use just enough creativity to make the home appealing to massive amounts of people so they will want to buy it.

Lastly, having the right team in place affords you the chance to help other entrepreneurs’…meaning you will be creating work for people. By creating work for people you help them earn money to meet their expenses and/or feed their families. In doing this you will be helping a lot of people. This can be the most rewarding aspect of all with regards to flipping houses. So, what are you waiting for? Stop by our website, and get started today.

New Real Estate Investor Mistakes To Avoid

New Real Estate Investor Mistakes To AvoidInvesting in Real Estate can be one of the best ways to accumulate wealth. InvestorCompsOnline can help you achieve your goals.  You can definitely make your mark and secure your future. But the successful real estate investors often make it look easier than it is and rarely advertises the mistakes that they’ve made. Here are a few mistakes that you don’t want to make as a new real estate investor.

  1. Being too greedy: Be realistic about how much profit is in a deal. My personal favorite saying is “You make your profit when you buy.” Use quality realtors, contractors, lawyers and tax professionals. They’re worth the money. You may be able to save a few dollars here and there, but when you do things the right way, you save money in the long run.
  1. Picking the wrong neighborhood: The neighborhood that you choose to invest in should have several nearby amenities.  It should be close to good schools, have long-term upward potential, and a good reputation. As a bonus tip, look for neighborhoods around you that have pleasant-sounding names. As unbelievable as it may sound, there is something to the fact that these are the places that people want to live. It’s not an absolute rule, but something to keep in mind.
  1. Not inspecting comparable properties: Strong real estate comps can be great for prospecting and getting an idea of general values in a specific area. However, once you begin to value a target property, it is a must that you find at least five comparable properties near your target property. After you do, you should go look at these properties yourself in order to get an idea of the differences between your property and the comps.

While the mistakes listed above are very common for new investors, you shouldn’t be dissuaded. Learning from doing is one of the best ways to learn, but an even better way to learn is to learn from other people’s experiences.  Allow us at InvestorCompsOnline to offer our years of experience to serve you.mistake-600x300

Making Real Estate Investments Work | Part Three

Making Real Estate Investments WorkFor the past couple of days we have been discussing what I feel are things to consider when branching out into the real estate investment field. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today will wrap up our discussion on real estate investment.

5) You get paid for solving problems. This is a business with a lot of problems. Sellers can get very emotional, or have a lot of financial trouble, at the time that you’ll be working with them. That’s stressful for anyone, especially when the transfer of a large asset like a house, apartment building or office/retail center is involved. Many investors for this very reason,  choose to deal with HUD properties only.  Working with HUD essentially takes the emotion out of the deal and brings the “business only” aspect back into the negotiating process.

Listen guys, no one says real estate is easy. What they will tell you is that it’s worth it, if you want financial freedom for you and your family. It can offer some great returns, but there’s a reason not everyone goes after them. Not every property is a winner and finding and acquiring the winners can be a challenge. However, if you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run. InvestorCompsOnline is here to serve your needs while you seek to make your profits.

Making Real Estate Investments Work | Part Two

Making Real Estate Investments WorkLast time, we discussed how that sometimes working in the real estate investment field there are certain things that are on-the-job training and some that you glean from others. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today I want to discuss negotiating and return on investment.

3) You have to become a master negotiator.  A lot of investors believe that if you find the motivated sellers, the deals are there for the taking. That’s almost true. Whether you’re working in commercial or residential real estate, you’ll get much better deals when you negotiate with a motivated seller. However, the key is that you must NEGOTIATE. You have to make offers that will work for you and engage the sellers in conversation. You have to find sellers that you think may be motivated and offer them your low cash offer or terms offer in order to see if they’re willing to work with you.

4) Figure out your ROI (return on investment). Sometimes, when you don’t have a deal, it’s easy to think “any” deal would be good. However, sometimes the best deals are the ones you PASS on – you “make” your money by saving yourself from some expensive mistakes. Don’t waste time on property that doesn’t make sense when you run the numbers. Don’t get emotionally attached just because someone says they’re motivated or willing to work out terms with you. Run the numbers. Always focus on the numbers.

Like I said yesterday,  I hope these two points, are helpful in your quest to being profitable in the real estate investment field.  Next time, I will be discussing, the business of managing and problem solving in your real estate deals.  If you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run.  InvestorCompsOnline is here to assist.

Monthly Archives: September 2016

Renovation For Profit

Renovation For ProfitWhen it comes to flipping houses, it’s a given that negotiating is everything. In fact, the real profit is made when you buy, not when you sell. Therefore, you must aim to get the best price possible on the front end when purchasing properties. Using real estate comps will allow you to do this.  By doing so, you will be able to build enough profit margin into your deals to make them worthwhile, as well as any extra cushion for unforeseen circumstances.

I want to share my 3-step process for negotiating deals for your house flipping business. In beginning negotiations with the seller, you will be amazed at the amount of information you can collect before you ever go to inspect a property. For example, it would be important to know if there were any foundational issues with the house before you ever get into your car, because this is most likely a property you may want to steer clear from.

Therefore, create a simple phone interview form you can use specifically for flipping houses, whenever somebody calls you. Include important property specifics, repair estimates, motivational indicators, and the asking price. Within 10 minutes, you should have a basic foundation to quickly decide whether or not the deal is worth pursuing.

Next you will need to inspect the property.  If you make it to this stage, keep in mind that their “lowest” price is typically negotiable unless they are asking what they owe. Therefore, casually mention on the phone that you will have to physically see the property first before you make a final decision. Be sure to mention that your offer may come in lower if the property ends up being in worse condition than you first imagined it to be over the phone. This sets the seller up for a counteroffer, and also provides an opportunity for you to test their flexibility.

Finally, your last step will be to have an experienced contractor (or another investor if you’re wholesaling) go through the property. However, be sure that you first have the property under contract with an inspection contingency, so that you gain a commitment from the seller. The importance of having a contract first, is that you now have initiated the buying process in the seller’s mind.

Whether you are wholesaling or doing retail flips, the same negotiation principles apply.  InvestorCompsOnline is available to assist with any real estate comps  The more you practice each principle, the better you will become at finding and negotiation bargain deals.

Reaping The Rewards Of Flipping Houses

Reaping The Rewards Of Flipping HousesFlipping houses can be extremely rewarding in many ways. When an investor uses real estate comps to bid on deals, it’s a win for them each time.  Let’s take a quick look at the ways we can be rewarded in real estate investing.

First is monetarily. When you take the proper time to learn how to flip houses the right way, you can wind up making a lot of money on it. You can start out part-time while you keep your conventional job. However, if you do this right, ultimately you will be able to leave your job behind and make a full-time living doing it.

Many investors have a chance to use their creative side when renovating properties as well. Flipping houses can also be rewarding to you if you enjoy the opportunity to take a property and make it a viable option for profit. When you fix up an ugly property and make it presentable, you can then opt to sell it or rent it out.  The key is to renovate the property to a blank canvas. DO NOT overdo it. After your prospective client buys the house, they may want to add their own touches to finish it. Use just enough creativity to make the home appealing to massive amounts of people so they will want to buy it.

Lastly, having the right team in place affords you the chance to help other entrepreneurs’…meaning you will be creating work for people. By creating work for people you help them earn money to meet their expenses and/or feed their families. In doing this you will be helping a lot of people. This can be the most rewarding aspect of all with regards to flipping houses. So, what are you waiting for? Stop by our website, and get started today.

New Real Estate Investor Mistakes To Avoid

New Real Estate Investor Mistakes To AvoidInvesting in Real Estate can be one of the best ways to accumulate wealth. InvestorCompsOnline can help you achieve your goals.  You can definitely make your mark and secure your future. But the successful real estate investors often make it look easier than it is and rarely advertises the mistakes that they’ve made. Here are a few mistakes that you don’t want to make as a new real estate investor.

  1. Being too greedy: Be realistic about how much profit is in a deal. My personal favorite saying is “You make your profit when you buy.” Use quality realtors, contractors, lawyers and tax professionals. They’re worth the money. You may be able to save a few dollars here and there, but when you do things the right way, you save money in the long run.
  1. Picking the wrong neighborhood: The neighborhood that you choose to invest in should have several nearby amenities.  It should be close to good schools, have long-term upward potential, and a good reputation. As a bonus tip, look for neighborhoods around you that have pleasant-sounding names. As unbelievable as it may sound, there is something to the fact that these are the places that people want to live. It’s not an absolute rule, but something to keep in mind.
  1. Not inspecting comparable properties: Strong real estate comps can be great for prospecting and getting an idea of general values in a specific area. However, once you begin to value a target property, it is a must that you find at least five comparable properties near your target property. After you do, you should go look at these properties yourself in order to get an idea of the differences between your property and the comps.

While the mistakes listed above are very common for new investors, you shouldn’t be dissuaded. Learning from doing is one of the best ways to learn, but an even better way to learn is to learn from other people’s experiences.  Allow us at InvestorCompsOnline to offer our years of experience to serve you.mistake-600x300

Making Real Estate Investments Work | Part Three

Making Real Estate Investments WorkFor the past couple of days we have been discussing what I feel are things to consider when branching out into the real estate investment field. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today will wrap up our discussion on real estate investment.

5) You get paid for solving problems. This is a business with a lot of problems. Sellers can get very emotional, or have a lot of financial trouble, at the time that you’ll be working with them. That’s stressful for anyone, especially when the transfer of a large asset like a house, apartment building or office/retail center is involved. Many investors for this very reason,  choose to deal with HUD properties only.  Working with HUD essentially takes the emotion out of the deal and brings the “business only” aspect back into the negotiating process.

Listen guys, no one says real estate is easy. What they will tell you is that it’s worth it, if you want financial freedom for you and your family. It can offer some great returns, but there’s a reason not everyone goes after them. Not every property is a winner and finding and acquiring the winners can be a challenge. However, if you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run. InvestorCompsOnline is here to serve your needs while you seek to make your profits.

Making Real Estate Investments Work | Part Two

Making Real Estate Investments WorkLast time, we discussed how that sometimes working in the real estate investment field there are certain things that are on-the-job training and some that you glean from others. Real estate comps are a tool you use to make the deals profitable to you as an investor. Today I want to discuss negotiating and return on investment.

3) You have to become a master negotiator.  A lot of investors believe that if you find the motivated sellers, the deals are there for the taking. That’s almost true. Whether you’re working in commercial or residential real estate, you’ll get much better deals when you negotiate with a motivated seller. However, the key is that you must NEGOTIATE. You have to make offers that will work for you and engage the sellers in conversation. You have to find sellers that you think may be motivated and offer them your low cash offer or terms offer in order to see if they’re willing to work with you.

4) Figure out your ROI (return on investment). Sometimes, when you don’t have a deal, it’s easy to think “any” deal would be good. However, sometimes the best deals are the ones you PASS on – you “make” your money by saving yourself from some expensive mistakes. Don’t waste time on property that doesn’t make sense when you run the numbers. Don’t get emotionally attached just because someone says they’re motivated or willing to work out terms with you. Run the numbers. Always focus on the numbers.

Like I said yesterday,  I hope these two points, are helpful in your quest to being profitable in the real estate investment field.  Next time, I will be discussing, the business of managing and problem solving in your real estate deals.  If you are committed to making your real estate investments work for you, then focus on getting yourself educated and staying in for the long run.  InvestorCompsOnline is here to assist.