|Real Estate Information|
Real Estate Investing: America Rents
Most people in America rent a personal dwelling!
Just think how many families rent a house or an apartment, a duplex or a condo.
Yet, nobody prefers renting.
Who wouldn't want their own home, if they had the choice.
Even if, say, someone moves into town on a temporary basis, wouldn't they prefer buying a house, gaining appreciation even for the short term, and selling for a profit in 6 months or a year?
Maybe there are exceptions, but I can't imagine anyone really preferring to rent when they could own.
After all, most rental houses are not even preferable. The condition of a rental house usually declines after being occupied by family after family. Rental houses usually are neglected and abused. They become less desirable. A rental house is NOT THE BEST HOUSE IN TOWN simply because it IS a rental house! And sometimes a rental house becomes a real dump. Families move in, families move out, and the landlord CANNOT and IS NOT ABLE to maintain a rental house in TOP CONDITION! The main reason a rental house is impossible to keep pristine is because renters don't treat a rental house like their own.
Yes, there are exceptions, but most rental houses are not up to snuff. I know, because I use to own $10 million worth of rental houses. I had some very nice properties, but there was always something that needed repair. Things go wrong that need fixing, and perfect maintenance is impossible. Rental houses are less desirable because they can never be brought up to first class and maintained that way. If I had been the owner AND occupant of that rental house, I would have tried to fix it up and keep it in top condition.
When you fix up houses to sell, "Renting America" becomes your marketplace.
(1) You can never exhaust the demand. Everyone prefers their own house. It's still the "American Dream."
(2) It's easy to create an immaculate house for re-sale that outshines most rental houses.
(3) Selling renovated houses to the tenant in the marketplace rather than to the house-hunting market is much easier. Renters are readily convinced that paying monthly rent is a financial downer. Sorting out the credit-worthy renter with an offer to own becomes a win-win proposition.
An untapped niche market in real estate investing is fixing up houses that can be purchased by America's renters.
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. http://www.CashinHouses.com/
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.Real--Estate--Book.com/nomoneydown/flipping.html/ Subscription is free to his Fix-up Ezine. He and other contributing authors provide free articles and resources on real estate investing at his online "Academy of Advanced Real Estate Investing Techniques" at http://www.AAREIT.com/
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Expense List for Buying a Home
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FSBO: For Sale By Owners Chapter One
She reached the phone on its second ring. "This is Tami!" She confidently answered.
How to Price Your Property?
A house properly priced is half sold. But there are plenty of ways to price it improperly.
Pricing your House to Sell
Most Sellers set their initial asking price at an amount somewhat higher than they are actually willing to accept, fully expecting a buyer to open the bidding with a lesser amount.While price is the most frequently negotiated item in any home sale, you may be able to creatively provide financial value to your buyer - without lowering the price alone.
Do I Need A Real Estate Survey?
Getting a survey before you close on any real estate is very important.Some people actually buy real estate without having a survey done.
The Benefits of Fractional Ownership in Private Residence Clubs
A New Way to Own a Vacation Home - For the Select Few: Fractional ownership of vacation homes, also called private residence clubs, is a relatively new concept that allows you to enjoy four to 12 weeks of home ownership privileges per year at an upscale, luxury resort but at a fraction of the cost of whole ownership.If you want to own an impressive second home complete with personalized services and located in an expensive resort area but can't quite justify the expense because you'll only be using it a few weeks or months of the year, this type of real estate arrangement may appeal to you.
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