When it comes to real estate investment, there are many factors that should be considered before taking the leap. Investors often speak of the general economic conditions as their main impetus for investing or holding back. However, this should not be the only criteria that you work under. Demographics should also be very carefully considered. Here are three reasons to analyze demographic data before investing in real estate.
Wholesalers, flippers, and sellers. Oh, my. Anyone considering real estate investment (REI) needs to research the various avenues used to create a successful business. Get to know the business from others involved. Talk to agents. Discuss options with lenders, both standard mortgage and hard money. Remember, you are looking at being a business professional, creating profitable deals for the seller, the rehab flipper, or general investor, as well as yourself.
You've watched the reality shows where home buyers acquire a run-down property, invest to fix it up, and then flip the house by selling it for for a profit all in 30 days or less. This could be you someday, but flipping requires a great deal of investment capital to get started.
Flipping a house successfully requires a very detailed scope of work. Some people choose to do a very general scope to determine if the flip will be profitable or if the house is a money pit. However, the problem with an overly general scope is that there are a lot of variables. Contractors may give you estimated quotes that turn out to be much higher when they find bigger problems upon closer inspection. You might think a roof replacement is all you need, only to find out later that the gutters and chimney need work as well. Take the extra time to examine the details, and check out these tips about how to put together a complete scope of work for your next flip:
With property values on the rise in California, this is an excellent time to be in the real estate market. There are large numbers of distressed properties available with great potential for profit. Buying, renovating and flipping properties is a lucrative approach to real estate, as long as the investor avoids three common mistakes.
Maximizing your return on a real estate “flip” investment requires a few things. Obviously, you must buy the property at the right price. In addition, though, you must use your investment capital efficiently. This last factor means concentrating your rehab efforts on the places that provide the greatest return on investment. With that in mind, here's where we suggest that you start:
You want to flip a house to make money, right? It can be done with a little forethought and planning. Read on to find out the top 3 ways to stay on budget when flipping a house and avoid unnecessary debt.
If you're getting ready to sell a house and you want to maximize your selling price, of course you're going to want to make sure the house is in its best condition. On the other hand, unless you intend to spend years perfecting every minute detail, you're also going to want to make efficient home improvements, such that you minimize time and energy while maximizing the effect your work will have on the house's resale value. Here are five home improvements to increase the value of your REI (real estate investment) that you can probably do in just a few days without breaking the bank.
Buying a rundown or marginal residential or commercial property and then rehabbing it is one of the best ways to make a significant return on a property investment. Still, purchasing the property is only the first step.
Flipping a property is one of the most exciting and potentially profitable real estate deals that any investor can make. Still, finding the money to make one of these deals can be problematic. Seasoned investors know that private or “hard” money is an excellent, alternative option for financing when traditional funding sources are not available for one reason or another. Here are some of the reasons why:
Investors with private or “hard” money make their own decisions without having to report to an oversight or approval board. As such, they can invest in any deal that makes financial sense to them. The bottom line is there is more money for non-traditional loans or deals that wouldn't have a chance at getting funded by a bank.
