Real Estate Information

Luxury Real Estate Information


Rancho Palos Verdes, California Homes
Palos Verdes, California Homes
South Bay, California Homes
Luxury Mexican Beachfront Homes

Featured Properties


Oceanfront Estate Near Trump National

Related Information


Loan Information
Real Estate Information
Mortgage Refinance Information

Real Estate Investing - "The Neighborhood Factor"


Real estate investing can be a dream career when the process of buying and selling is mastered. The biggest challenge in real estate investing is not the money to get started or the availability of the product. Real estate investing's biggest challenge is judgment. Personal decisions in making the purchase, fixing up the right things, and making the sale require judgment that comes from experience. The second and 100th property should involve better judgment than the first.

An approach to the first acquisition in a real estate investing career involves analysis of the neighborhood.

If the target property is located in a familiar neighborhood, an analysis is clouded by past memories and feelings. Familiarity can preclude objectivity.

And if the target property is located in an unfamiliar neighborhood, the analysis is shrouded in immediate impressions that may or may not be accurate.

Real estate investing today must consider unfavorable elements like drug and prostitution traffic, crime statistics, and the overall visual impression of neighborhood negligence and abuse by property owners and/or tenants. The windshield view will not reveal the whole story.

Research at city planning and the police department might be a starting point, if the initial drive through the neighborhood does not arrive at a negative conclusion. Casual conversations with neighbors might provide clues. Watching from a perch unobtrusively during certain hours might be helpful, such as after school is out and after dark.

If analysis leads to the formation of good judgment, time is needed to assess "the Neighborhood Factor." When I plunged into my first year of real estate investing, no one warned me of "the Neighborhood Factor," and still I sometimes overlook it even millions of dollars in property purchases later. Buying $1 million in rental houses during my first year, and another $1 million in properties the next year did not leave me much time for analysis. However, when placing a makeover house on the market after the work is completed, "the Neighborhood Factor" has often come back to haunt me.

The bottom line for developing judgment about "the Neighborhood Factor" is the consumer's windshield view. The real estate investor can become enamoured over the potential profit margin in a "good deal." But the home-buyer and house-hunter make instant assessments upon a first approach to the house for sale. Their initial impression of "the Neighborhood Factor" is untrained and irreversible. And in real estate investing, the prospect's first impression of "the Neighborhood Factor" overshadows their impression of your labored makeover. More times than I like to admit, I have created a "Dream House" from a junker, only to experience a slow sale because of "the Neighborhood Factor."

Phil Speer, Ph.D., started his real estate investing career 25 years ago. Without the availability of credit and using only a $10 bill, he purchased $1 million in properties in his first year, and had accumulated $10 million in properties by his fourth year. He was featured in a Wall St.Journal editorial as most successful investor in the Nothing Down Real Estate Movement, and was honored with a Caribbean cruise as top investor of the year. In his hometown of Nashville, Tennessee, he has been a businessman and Human Resources Consultant for 30 years. He is an author, speaker and seminar director. To learn how to profit in real estate investing, even without cash or credit, read his report at http://www.CashinHouses.com/. Subscription is free to his Fix-up Ezine - http://www.AAREIT.com/.


MORE RESOURCES:
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news


Mansion Global

Vietnam: The Next Frontier in Asia's Luxury Real Estate Market ...
Mansion Global
Activity in the luxury real estate market is surging in Vietnam, mirroring a booming economy that posted a 7.38% year-over-year increase in GDP in the first ...

and more »


RisMedia.com (press release)

Traditional Real Estate and the 'New Normal'
RisMedia.com (press release)
Christina Pappas: Everything old is new again. The saying comes from the lyrics of a Peter Allen song originated nearly 40 years ago, but the words were never truer than they are today, especially in the real estate industry, which has changed and ...
How to Find a Real Estate AgentYahoo News

all 2 news articles »


Meet the Inman Innovator finalists: Most Innovative Real Estate Team
Inman.com
Chris Suarez, Xperience Real Estate: Chris Suarez built his business on his deep experience in real estate law and real estate sales, and he's crafted his team strategy around one-on-one agent training that helps elevate agents' strengths and minimize ...



The Columbus Dispatch

Real-Estate Matters: Age shouldn't sway couple from purchasing their first home
The Columbus Dispatch
Q: My husband and I are both in our 60s. Because of various circumstances — job losses and helping our sons through college — we never brought a house. But now we are in a position to buy our first home and have about 20 percent to put down.



Real estate transfers: Reported July 15, 2018
Herald-Whig
Real estate transfers recorded in the office of Adams County clerk and recorder. Quincy area. Quincy Park Foundation Inc., property in Quincy, to Quincy Park District. Douglas Falk and Lisa Falk, property at 611 Sycamore, to Felicia Wires and Raphael A.



Meet the Inman Innovator finalists: Most Innovative Real Estate Team part 2
Inman.com
Kristan Cole Team: Alaska is a destination real estate market, with clients from all over the world, and Kristan Cole's team has figured out how to leverage this international interest to its advantage. Cole's team sells in multiple Alaskan cities, and ...



The MReport

Non-Resident Foreigners Sold $10.5B of US Real Estate in 2015
The MReport
There's international appeal in U.S. real estate, and, according to recent IRS data, certain countries seem especially smitten with it, Zillow Research reports. Back in 2015, non-resident foreigners sold $10.5 billion of U.S. real estate, trouncing the ...



Buffalo News

Erie County Real Estate Transactions
Buffalo News
Following are real estate transactions over $5,000 as listed in records of the Erie County clerk's office for the week ending June 8. AKRON • 13 Marshall, John R. Schrock Sr. to Courtney L. Flick, $195,000. • 206 East Ave., Karen A. Sowinski; Karen ...



NewsOK.com

Medical marijuana comes with real (estate) consequences
NewsOK.com
Way back in November 2014, when I dared write about the Institute of Real Estate Management's white paper on the subject, "Marijuana in Property Management," I was roundly mocked, accused of sensationalism and dang near hooted off the internet.

and more »


U.S. News & World Report

How to Choose Your First Real Estate Crowdfunding Investment
U.S. News & World Report
Crowdfunded real estate investments account for $2.5 billion of the $7 trillion commercial real estate market, according to CFX Markets. There's major growth potential in the industry as more investors lock in on the benefits of investing in real ...


Google News

home | site map
© 2006 TIGER MEDIA