|Real Estate Information|
Take The Guess Work Out Of Your Wholesale Property Purchases
We have become very concerned by the number of readers writing to us asking how to determine which are the wholesalers(*) that can be trusted. Why are we concerned? Because when we dig a little deeper, we realize that they are buying properties based solely on the recommendation of the wholesaler. They're guessing which ones to trust, and which houses to buy. That's a dangerous way to do business.
Are we saying that most wholesalers will take advantage of you? Of course not. We believe in wholesaling. We wholesale many deals ourselves every year. Frankly, the majority of wholesalers are honest, and try to provide data that is as accurate as possible. The problem is twofold: first, wholesalers are sales people and present deals in the best light possible. The Buyers still need to do their due diligence to make sure the deal works for them. Second, wholesalers can only provide what the average renovator may incur as expenses. Your individual, specific expenses in any given deal may be higher or may be lower. It also depends on what exit strategy you're planning. That's why two investors can analyze the same deal, and one decide that it works great, and the other decide there's no profit. Both views may be correct since everyone's individual costs vary.
When you purchase any property, you have to calculate your own specific costs to determine if it is a good deal FOR YOU. It could be a great deal for many investors, but not for you. Only you can make that determination. Conversely, other people may have to pass on a deal that you, because you may have better resources available, will jump on the opportunity.
You also have to evaluate the After Repaired Value yourself. We still hear buyers talking about getting an appraisal to determine the value. An appraisal is a tool for the lender - NOT for the investor. Appraisals are an art, not a science. We could bring three appraisers to a property, and get three different values.
Therefore, it's up to you to do your homework and figure out the right value. The question is: "What will this house sell for when the rehab is complete?" You obviously do not want to use as a comp the one home that sold significantly higher than all of the others. But by the same token, don't use the lowest values either - you'll never buy a house. We use the highest price cluster of similar homes we find in the area as our comps. This is the most realistic version of what you can expect in the marketplace. We do not under-value the property making it impossible to buy deals; nor do we over-value the property potentially resulting in no profit.
Use the information the wholesaler provides you as a guide to determine which deals to pursue, but then do your own due diligence. Determine your own specific costs, and determine your own property values. Don't guess whose numbers are correct. In the long run, you'll be much more successful as an investor.
(*) Wholesalers are investors who market extensively to attract motivated sellers, get the property under contract, then sell the deal to other investors who will fix up the property and re-sell to owner-occupants.
Best of success & abundance,
FREE! Real Estate Investing Secrets To Earning $100,000 Your 1st Year! -- 11 Overlooked Real Estate Statregies That Will Turn Your Investing Business upside Down And On The Fast Track TO Success...Guranteed! Plus A Bonus Track With A Secret So Successful It Can Double Your Investing Income Overnight!
Don't expect real estate to be a political punching bag in mayoral race Crain's New York Business
Is Disney a Real Estate Company? Motley Fool
What's your pleasure? Garden State becomes prime destination in evolving real estate market - Jersey's Best
What's your pleasure? Garden State becomes prime destination in evolving real estate market Jersey's Best
Real Estate Developer Alexander Posth’s Top Restaurants For Successful Business Meetings Around The World - Forbes
Real Estate Developer Alexander Posth’s Top Restaurants For Successful Business Meetings Around The World Forbes
Lewis Real Estate Services Establishes 'The UConn Real Estate Project' - University of Connecticut Athletics - UConn Huskies
Lewis Real Estate Services Establishes 'The UConn Real Estate Project' - University of Connecticut Athletics UConn Huskies
Real estate: North San Jose industrial site lures big developer Pacifica Tribune
RealtyTech Inc Now Includes a Full Featured Blog for Real Estate Agents with Their Premium Website and IDX Search System Combo - Yahoo Finance
RealtyTech Inc Now Includes a Full Featured Blog for Real Estate Agents with Their Premium Website and IDX Search System Combo Yahoo Finance
Real Estate Insider: $9.7 million residential, commercial development planned for McNichols - Crain's Detroit Business
Real Estate Insider: $9.7 million residential, commercial development planned for McNichols Crain's Detroit Business
Real estate: South Bay developer in SEC fraud case files bankruptcy Pacifica Tribune
Shaler Area agrees to sale of former elementary school to real estate company; township believed it was buyer - TribLIVE
Shaler Area agrees to sale of former elementary school to real estate company; township believed it was buyer TribLIVE
6 Arizona real estate projects to watch AZ Big Media
5 tools to help real estate teams to adapt in 2021 TechRepublic
Recent Commercial Real Estate Transactions The New York Times
Real Estate Today by Evans & Evans Real Estate: Getting a great return on your investment properties - WJHL-TV News Channel 11
Real Estate Today by Evans & Evans Real Estate: Getting a great return on your investment properties WJHL-TV News Channel 11
Emerging Trends in Real Estate 2021: ULI Report milehighcre.com
Report: Record-Breaking Year for Cape Cod Real Estate CapeCod.com News
She once sold real estate. Now she searches for predators at night Herald-Mail Media
Local real estate market bounces back in late 2020 Terre Haute Tribune Star
Real Estate Austin Weekly News
BREVARD REAL ESTATE MARKET WATCH: Four Reasons People are Buying Homes in 2021 - SpaceCoastDaily.com
BREVARD REAL ESTATE MARKET WATCH: Four Reasons People are Buying Homes in 2021 SpaceCoastDaily.com
Sarah Susan Moore, in real estate sales CapeGazette.com
Working With Your Commercial Real Estate Lender - Accountingweb.com Accountingweb.com
Hire A Real Estate Agent Or Do It Yourself? It's No Contest Haute Residence
Women getting it done in commercial real estate REjournals.com
Meet the 2021 Notable in Real Estate honorees Crain's New York Business
Real Estate Today by Evans & Evans Real Estate: One level luxury living in Gray, Tennessee - WJHL-TV News Channel 11
Real Estate Today by Evans & Evans Real Estate: One level luxury living in Gray, Tennessee WJHL-TV News Channel 11
commercial real estate Realtor.com News
Real Estate Market Trends Flathead Beacon
Triten Real Estate Partners finalizes purchase of Plano's Market Square Mall for redevelopment - Dallas Business Journal - Dallas Business Journal
Triten Real Estate Partners finalizes purchase of Plano's Market Square Mall for redevelopment - Dallas Business Journal Dallas Business Journal
The 10 Biggest Real Estate Sales Of 2020 Celebrity Net Worth
StreetWire partners with R3's Corda to help power transformation of real estate data services - PRNewswire
StreetWire partners with R3's Corda to help power transformation of real estate data services PRNewswire
Local real estate broker feels the Bern - LVB Lehigh Valley Business
Apollo Commercial Real Estate Finance, Inc. Announces 2020 Dividend Income Tax Treatment - GlobeNewswire
Apollo Commercial Real Estate Finance, Inc. Announces 2020 Dividend Income Tax Treatment GlobeNewswire
EQT inks deal to buy real estate manager Pensions & Investments
Five key real estate proposals in Cuomo’s budget The Real Deal
Tucson Real Estate: Assisted living home bought for $5.6M Arizona Daily Star
Key takeaways from Colliers' real estate outlook for 2021 Kansas City Business Journal
Covid drives annual Hawaii real estate forecast online Pacific Business News (Honolulu)
deSatnick Featured Agent: Micah Yerk | Real Estate | capemaycountyherald.com - Cape May County Herald
deSatnick Featured Agent: Micah Yerk | Real Estate | capemaycountyherald.com Cape May County Herald
CIP Real Estate Acquires Dallas Industrial Portfolio 39 minutes ago Commercial Property Executive
Real Estate Developer The St. Joe Co. Forms Watersound Insurance Agency in Florida - Insurance Journal
Real Estate Developer The St. Joe Co. Forms Watersound Insurance Agency in Florida Insurance Journal
Real estate community hears legal and economic implications of Proposition 208 - Chamber Business News
Real estate community hears legal and economic implications of Proposition 208 Chamber Business News
Amazon lifts NYC's industrial real estate market Crain's New York Business
CRE - California Commercial Real Estate News ConnectCRE
Making it in Big Sky: ERA Landmark Real Estate Explore Big Sky
COVID-19 effect on real estate - Lex Koller: potential temporary ban on foreign investors acquiring commercial real estate in Switzerland ahead! - Lexology
COVID-19 effect on real estate - Lex Koller: potential temporary ban on foreign investors acquiring commercial real estate in Switzerland ahead! Lexology
Real estate & property tech – Crunchbase News Crunchbase News
Invesco Real Estate Selects Altus Group to Strengthen Data Usability and Boost Decision-Making Efficiency for its Pan-European Portfolio - GlobeNewswire
Invesco Real Estate Selects Altus Group to Strengthen Data Usability and Boost Decision-Making Efficiency for its Pan-European Portfolio GlobeNewswire
Brotherly Love: How One Real Estate Broker Is Racing To Help Food Bank Of Delaware Provide Lifeline For Thousands In Community - CBS Philly
Brotherly Love: How One Real Estate Broker Is Racing To Help Food Bank Of Delaware Provide Lifeline For Thousands In Community CBS Philly
Investment in Life Sciences' Real Estate Reaches Record High Commercial Observer
TPG Real Estate Partners' Alloy Properties snaps up life science campus in Bothell - Puget Sound - Puget Sound Business Journal (Seattle)
TPG Real Estate Partners' Alloy Properties snaps up life science campus in Bothell - Puget Sound Puget Sound Business Journal (Seattle)
DCCA NEWS RELEASE: REAL ESTATE COMMISSION TO HOLD FREE VIRTUAL “CONDORAMA VII” EDUCATION EVENT - David Y. Ige | Newsroom
DCCA NEWS RELEASE: REAL ESTATE COMMISSION TO HOLD FREE VIRTUAL “CONDORAMA VII” EDUCATION EVENT David Y. Ige | Newsroom
Business Report: Buy American executive order, NJ real estate market, ShopRite pharmacy closings | Video - NJ Spotlight
Business Report: Buy American executive order, NJ real estate market, ShopRite pharmacy closings | Video NJ Spotlight
Repurposing Real Estate Offers Opportunities Post-Pandemic NBC 5 Dallas-Fort Worth
Nashville commercial real estate set for auction by court order including Murfreesboro Pike hotel - WKRN News 2
Nashville commercial real estate set for auction by court order including Murfreesboro Pike hotel WKRN News 2
Booming Charlotte real estate widens wealth gap Charlotte Agenda
Bluerock Total Income+ Real Estate Fund Delivers a 2.57% Fourth Quarter Return and Bullish Outlook for 2021 - Salamanca Press
Bluerock Total Income+ Real Estate Fund Delivers a 2.57% Fourth Quarter Return and Bullish Outlook for 2021 Salamanca Press
Amid slow vaccine rollout, will retail real estate in Reno-Sparks see return to 'normal' by the summer? - Northern Nevada Business Weekly
Amid slow vaccine rollout, will retail real estate in Reno-Sparks see return to 'normal' by the summer? Northern Nevada Business Weekly
JPMorgan Chase name returns to Houston's tallest office tower Houston Chronicle
See how Georgetown real estate fared in December Community Impact Newspaper
Beaman offers urban real estate empire for sale Nashville Post
Should you invest in stocks or real estate? MarketWatch
Why the Charlotte real estate market looks invincible in 2021 Charlotte Agenda
President Joe Biden’s real estate checklist The Real Deal
Milwaukee real estate market hits sales record in 2020 with pandemic buyers and low interest rates - Milwaukee Journal Sentinel
Milwaukee real estate market hits sales record in 2020 with pandemic buyers and low interest rates Milwaukee Journal Sentinel
Commercial Real Estate Debt Sustained by Central Bank Bond Buying The Wall Street Journal
Durango’s real estate market immune to COVID-19 The Durango Herald
Why You Should Rent To Live And Buy To Invest
Why you should Rent a place to live in and Buy a place for Investment - Did you know that in your Bank's Accounts "Your House" is placed in "Their Asset Book." That means that the house you own and live in, is a "Liability.
Mancos Real Estate
Real estate: availability and costIn 2000, the median home value for a single-family residence in Mancos was estimated at $94,200 as compared to the U.S.
Green Building Media Fact Sheet - Past, Present & Future
PastSpecialized, niche home builders began constructing resource-efficient, environmentally sensitive homes in the early 1970s. The home building industry coined the phrase "green building" in the late 1980s/early 1990s, turning a movement into a quiet revolution.
Why it is Important to Hire Just One Real Estate Agent to Buy a Home
In our fast paced and frantic real estate market, buying a home takes quick action and strong representation. Some buyers decide to involve several agents in their search for a home, assuming that there is strength in numbers.
Spain Excellent Choice for British SIPP Investors
Second homes in favourite holiday destinations such as Spain are likely to be top of the shopping list when the pension rules change April 6th 2006, allowing individuals to invest in residential property through Self Invested Personal Pensions (SIPPs).Research shows that Spain's mature market makes an excellent choice for SIPP investors, with capital growth still high and forecast to grow at 10% a year for the next five years at least.
Advantages to Buying or Owning a Condominium
Condos have become an increasingly attractive home ownership option for singles, young couples, families and retired couples (that's just about everybody!). A condo is a viable option for anyone who wants to own a home without the worry of repairs, maintenance and dreaded chores like snow shoveling.
Selling Property - Valuing Your Property
Selling property privately has many advantages over using an estate agent. However estate agents can provide useful local information not available from the internet.
Buying Property in Spain - How to Avoid Paying over the Odds
Spain has a lot to offer Northern Europeans and until recently there was a marked difference between the price in their home country and a similar Spanish property. However many buyers have found to their cost that they paid way over the odds.
Loan Officer Training: Learn How To Shape Realtors Perceptions
In medicine, a placebo is a pill that you think will make you better, and so it does. In your business, a placebo is a prospect having the experiences they expect to have, and so they have them.
Home Staging Strategies
Who are you preparing your home to sell to?You, as a home seller, have two initial choices.1.
Buyers Closing Cost
Buyers, borrower, closing costs can be divided into two categories. Nonrecurring closing cost and recurring closing cost.
How Come No One Told Us About This When We Were Buying a Home?
Development, it's bound to happen.Simply because there is a large open field, or the property you're looking at borders woods, doesn't mean it will or can stay that way in the future.
Is An Old Home for You? - The Pros
If you prefer a home that is unique and has character, you probably are giving some thought to buying an older home. Before buying, it's a good idea to carefully evaluate the pros and cons of owning the home.
Greed Can Cost You Your Shirt!
The proper action when things are going well is to pay off debt and consolidate your position. Then you will be financially strong and can go for further expansion without fear of loosing what gains you already have.
Basic Tips for First Time Home Buyers
Choosing a first home can be a daunting task, but following a few key steps makes it a lot less confusing.An essential part of the process for every home buyer is to simply do the math.
Sellers, Are You Having A Hard Time Selling Your Home?
Sue and Chuck DeFiore have the perfect solution for you - Lease Purchasing your home!What is Lease Purchasing?A Lease Purchase is a process that combines a basic rental lease with an agreement to purchase, or with an option to purchase the property. The Buyer (or Lease-Purchaser) pays to the seller a monthly payment that usually approximates a rental amount or a typical mortgage payment on the home.
Look Past the Bottom Line for a Propertys Potential
It's unfortunate that many real estate investors tend to look at the bottom line when deliberating about a property, rather than the big picture. The real moneymakers in real estate investments are the people with vision, who think creatively, and are willing to assume some level of risk.
The Secret Jewel in the Mediterranean Crown
Since the Northern Cypriots famously voted 'yes' to the UN backed Annan plan for the peaceful reunification of Cyprus in 2004 the world has awoken to the secret and hidden beauty of this untouched jewel in the Mediterranean crown. Those open-minded and individual thinkers seeking elegant living, unrivalled Mediterranean-region investment property opportunities or their own hideaway are today embracing Northern Cyprus.
Real Estate Investing - The Dream House Effect
Several years ago I developed a philosophy in renovating houses which resulted in a finished product that I call a "Dream House" or "Doll House."How many houses on the market today look very ordinary and less than perfect? How many look "Plain Jane?" What is the difference between these "average" houses and the house on the block that is strikingly different at even the distance of a windshield view?The pronounced difference in the outstanding property offered for sale might be brilliant new lawn grass.
Buying and Selling Distressed Houses for Maximum Profit (Update)
If you want to become a real estate investor, find a "fixer-upper" owned by an anxious seller. Finding distressed houses at bargain prices, fixing them up, and then selling them on a consistent basis can make you a multi-millionaire.
|home | site map|
|© 2006 TIGER MEDIA|