The California real estate market has continued to be one of the top markets in the United States for the past few decades. Even during down times, the top markets in Southern and Northern California continue to thrive. This has made it ideal for people that like to fix and flip older homes. While fix and flip opportunities have provided plenty of earning potential over the past decades, rising housing prices in many of the top areas has made it harder to get into the industry. Fortunately, there are still several great up-and-coming areas in California that provide plenty of opportunity.
Ken Meyer
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When looking to purchase an investment real estate property, finding an asset that is well located in an area that will continue to see high occupancy and rent increases is very important. One factor that continues to drive real estate values and investment property cash flow are local public-school districts. For those that are looking to invest in the hot California real estate market, there are several locations in particular that continue to have some of the highest-rated school districts in the state and country.
Whether you've decided that you want to rent out your investment property for extra income or you're looking for a way to generate income from a fix and flip house that didn't sell as quickly as you'd hoped, you want to make sure that you're taking the right steps to appeal to renters. Ideally, you want your rental property to stand out from the crowd of others so that you can attract the high-quality renters who will help make your venture a success. These tactics will help you appeal to renters in California.
Owning an investment real estate property can be a great investment option as it will help you to earn interim cash flow and long-term equity through value appreciation. In order to maximize your return on investment, it is very important that you are able to keep your property occupied. While many investment property owners choose to hire a property manager to lease the property, the leasing commissions can be very expensive and can cut into cash flow. Fortunately, there are four tips that you can follow to keep your property occupied without the use of a property manager.
Owning investment real estate can be a great long-term investment. While investment real estate properties are intended to be long-term investments, there will come a time when you eventually should sell the property. While determining the exact date when you should sell the investment property can be challenging, there are several tips that you can follow that can help you to better determine when it is time to sell the asset.
In many cases, you'll learn some of your most important lessons in real estate, not through your successful deals, but through the moments when you mess up. From the lessons you learn as you make mistakes to the lessons you can learn to avoid, check out these things you learn by screwing up a deal.
4 Lessons About Fix and Flips You Usually Learn the Hard Way
Posted by Ken Meyer on Tue, Mar 06, 2018Getting stuck with a money pit that won't sell is a home flipper's worst nightmare. When it comes to lessons about fix and flips you usually learn the hard way, it all starts with emotions. So many new real estate investors feel so excited about getting the keys or key code to their new investment property that they miss all the warning signs that spell trouble ahead. According to an article by thezebra.com, it's important to put facts and figures ahead of "gut instinct." In other words, if the inspector states problems with mildew but you have a good "feeling" about the home's potential, go with the facts. To make the most profit or see a greater ROI (return on investment), keep an eye out for potential disasters.
Flipping homes is an extremely lucrative enterprise, especially in a market with fast rising home prices. Areas of the Bay Area, Napa Valley, Southern California and even the Inland Empire have seen rapidly appreciating home values in recent years. Flippers can take advantage of this trend to make smart, leveraged investments that allow them to make tens or hundreds of thousands of dollars in only a few months. However, there is still some risk in every transaction. There are a few things that can be done to reduce the risk.
When you decide that you're ready to embark on your fix and flip journey, one of the big questions you need to answer is whether or not you want to have a partner. There are several stages of partnership, from a highly involved partner who will dive in and handle all the fix-up along with you to a silent partner who will help provide funds for your properties, but who may not be as involved with the process. If you're thinking about including a partner in your fix and flip journey, make sure you're asking these key questions.
Superhost: How to Ensure Your Investment Rental Property Gets 5 Stars on AirBnB
Posted by Ken Meyer on Tue, Feb 13, 2018Having a good reputation as a "superhost" on AirBnB is essential. When it comes to how to ensure your investment rental property gets 5 stars on AirBnB, it's all about planning ahead. Make sure you hire a professional cleaning service or do a thorough job of cleaning the AirBnB rental. Establish rapport with guests during the first interaction. Also, understand how guests rate hosts. The criteria used for reviews include the following: overall experience, accuracy, cleanliness, communication, check-in, location and value.