Real estate markets can be very cyclical. If you do not stay on top of market trends and activity you leave yourself susceptible to bad deals. Most buyers, and investors, would love to be in markets trending upwards. However, these markets also make it difficult to get the best possible deals. Your goal as an […]
Fewer Americans are buying homes. This isn’t exactly breaking news, but it is important to recognize if you are in the world of real estate investing. Like everything else in real estate much of the data depends on your current market. In some markets sales are robust and demand exceeds supply. However, the national average […]
If you wanted to drive halfway across the country to a certain destination you probably wouldn’t just get in your car and go. You would most likely spend some time mapping out the best routes, potential stops and how much money you would need to get there. You would allow for some degree of spontaneity, […]
Sustained success in any business is hard. Just when you think you have things figured out an unexpected curveball will come your way. If you are not willing to outwork your competition and adapt to your market any success you have will be short lived. The goal for most investors is to have long-term, sustained […]
There is a lot that goes into being a successful investor. There typically isn’t one trait that stands out above the rest. It is not enough to be strong in lead generation if you are poor in analytics. Having all the education in the world doesn’t do very much if you don’t understand the numbers. […]
Due diligence is one of the most time consuming and monotonous things you will do as an investor. The more properties you look at the less enthusiastic about this you will become. However, all it takes is one oversight to have a dramatic impact on your bottom line. Every property you consider making an offer […]
Every real estate investor should have access to hard money. Even if you don’t think you will need it you never know when the right deal will come along. There are more hard money lenders today then ever before. In the past, there may have been one local hard money lender who was only used […]
It takes a lot to be a good real estate investor. It is important to understand that as an investor you are essentially running a business. Like any other business there are a unique set of items you should know, and understand. Knowledge of your local market is important but not enough to run a […]
Making money in real estate is far from a sure thing. As abundant as the possibilities for success are, it doesn’t happen simply because you want it. The investor from your favorite TV show most likely had a patch in their career where they contemplated doing something else. The investor you hear every month at […]
The most basic concept of any rehab property is to create value and sell for a profit. The strategy you employ for one property in a particular market may not work for another property across town. Some properties call for higher quality finishes while others simply need a freshening up. Knowing what is needed prior […]