Real Estate 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: A ‘Shark Tank’ Star on Losing Her Home in the L.A. Fires The New York Times B.C. dad's estate missing millions from real estate, stocks, Swiss accounts: Lawsuit - Vancouver Sun Trump's war on ‘wokeness’ could impact housing and real estate Real Estate News LA real estate agent reveals No. 1 reason why Pacific Palisades residents won’t return Fox Business Tides shifted in Summit’s 2024 real estate market, experts say. Here’s what changed. Summit Daily New lawsuit sweeps up 8 brokerages and MLSs Real Estate News Metairie-based+commercial+real+estate+firm+expands+into+residential+market New Orleans CityBusiness Refined Real Estate: Medina estate on Evergreen Point lists for $27,777,000 seattlerefined.com Recent real estate transactions 1/28/25 BizTimes Milwaukee REAL ESTATE BRIEFS JAN. 25 Las Vegas Business Press Northeast Indiana Real Estate Guide Oct/Nov 2024 KPCnews.com Global Commercial Real Estate Brand SVN® Appoints John Bunch as Industrial Product Council Co-Chair citybiz FCT Acquires Majority Interest in Fintracker to Modernize Identity Verification in the Canadian Real Estate Industry Business Wire Covid’s effect and impact on real estate, then and now The Mid Island Times I started having boozy brunches when I moved to Dubai. I drink less now — I'm fitter and better at my job but still have fun. Business Insider Remembering Norine Shima-Fojt, editor and real estate agent who loved and fought fiercely Berkeleyside Blue Zones Certification Boosts Real Estate Values Miami's Community Newspapers Midtown South Rezoning Begins Public Review - Real Estate - United States Mondaq News Alerts Real Estate Update: December Figures Show Uptick At End Of Sluggish Year Huntsville Business Journal BPDA Approves Six New Development Projects in Boston Boston Real Estate Times Calare Properties Announces Promotions of Four, Expands Executive Team Boston Real Estate Times Radio Real Estate 1/25/25 My Bellingham Now News | Real estate investment firm expands workforce housing portfolio with Chicago acquisition CoStar Group NRO: This Real Estate Fund Is Worth Considering, But Don't Ignore The Risks (NYSE:NRO) Seeking Alpha Is Julia Fox Getting Into New Jersey Real Estate? Realtors Fall for Fake Billboard Hollywood Reporter BBJ: Skanska Details First Phase of Longwood labs, Residential Project Boston Real Estate Times EquityProtect Partners With Pacific Coast Title to Offer California Wildfire Victims Free Protection From Real Estate Fraud Business Wire New year, same story for warehouse owners as industrial market tightens Crain's Chicago Business Real estate market in uncharted territory The Anna Maria Island Sun Newspaper Northeast Indiana Real Estate Guide 2025 KPCnews.com Best Real Estate Deals of 2024: Announcing this year's honorees Philadelphia Business Journal R.W. Holmes Secures 46,815 SF in Lease Renewals in Billerica Boston Real Estate Times Northeast Indiana Real Estate Guide 2024-2025 KPCnews.com Real Estate Transfers (January 20-24) Times Bulletin Island Real Estate: Hatteras Island home sales and trends for January Island Free Press Real Estate Expert Dominique Pryor-Anderson Tapped to Lead Community Investment at TREC CandysDirt.com Investor looks to cash out of big block of units at luxury Skokie development Crain's Chicago Business Aging Homeowners: How Does the New Generation Perceive Real Estate? Rockland County Times Gibson, Dunn & Crutcher’s Krystyna Blakeslee: Insights on 2025 Commercial Real Estate Financing Commercial Observer Another Real Estate Agent Charged with Price Gouging MyNewsLA.com Allie Beth Allman’s URBAN Team Welcomes Commercial Real Estate Powerhouse Grant Gold CandysDirt.com Check out NYREJ's Semi-Annual Commercial Real Estate Guide! New York Real Estate Journal Online What 2025 means for East Bay real estate East Bay Express Taurus enters Twin Cities with 16-property acquisition Minneapolis / St. Paul Business Journal Doorify MLS and CMAsnap Announce Strategic Partnership to Bring New Real Estate Pricing Technology Into Their Platform. Victoria Advocate South Bay office building flops into default as market woes widen The Mercury News Hirsch Bedner Associates — South Florida and Miami Real Estate News, Media and Lifestyle PROFILE Miami Top real estate CEO says California is now battling a ‘triple threat’ no one has seen before Fortune Attorney General Bonta Files Charges Against a Southern California Real Estate Agent for Price Gouging Eaton Fire Victims California Department of Justice How to Invest in Luxury Real Estate Benzinga |
RELATED ARTICLES
Afford A Dream Home In Belize Shopping for property in Belize is not as simple an undertaking as you might initially expect!Firstly, real estate agents as we know them are non existent! Real estate brokers that do exist are likely to be unlicensed, unregulated and certainly not trained or insured.Secondly, the majority (and I mean the majority) of property for sale is not advertised!But with property prices remaining affordable, the quality of property available attractive, the climate beautiful, the people welcoming, the quality of life incredible and the opportunities in Belize plentiful, more and more people need to know HOW they can go about procuring themselves their dream home in Belize. Real Estate Lease Option Danger Why are real estate investors having so much successoffering "rent to own" homes?Lease-options offer home ownership opportunitiesto folks with little cash and not so hot credit.Oh boy, there are plenty of those around. Hurricane Katrina And The Impact On Real Estate Prices In the wake of Hurricane Katrina's wide path of destruction, the real estate market will be affected perhaps in ways not fully understood or expected. If recent hurricane recovery history holds true there will be several good things to come out of all destruction. New Housing Starts Do Not Guarantee Aftermarket Sales We have been studying a trend of new home buyers in the US in light of this latest housing boom. And how we should adjust our strategies to deal with it. Don't Just be a Real Estate Agent, be a Professional! Buyer Broker Agreement? What's that? Most agents don't ask their potential buyers to sign anything. It is too?well?you know?uncomfortable. Home Owner Association Restrictions - Read Before Buying Many communities have associations for homeowners, property owners, condo owners, or similar associations. The presence of a homeowners association, also known as "HOA", introduces another layer of rules and regulations to consider when buying a home. Home Equity - Don't Spend It on Risky Investments The housing market has exploded in the last five years, and homeowners are finding that the equity in their homes is greater than it has ever been. The equity in a home is the difference between the market value of the home and the amount still owed on it. Property Investors, Scrub Your Thoughts and Start Again - Brazil, Brazil, Brazil! Brazil Property - FortalezaThe PlaceWhat to do in a place like this - You can swim, surf, dive, sail, golf, play ball, ride, explore, bargain hunt, sight see, explore, drive a dune buggy for 100 miles in any direction, or take a jeep up a steep mountain trail. You can explore environmental preserves, or just swing in a hammock and do nothing at all. 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. Selling Your Home - What Can Go Wrong With Title and Lenders If you're selling your home, there are going to be difficulties at some point in the transaction. Some problems can't be fixed. Negotiating A Short Sale - The High Road to Huge Foreclosure Profits Buying foreclosures can be extremely profitable for real estate investors. However, most of these homeowners are mortgaged to the hilt. Why Are Mortgage Notes Discounted Anyway? When real estate note brokers purchase partially paid notes, they pay the note holder a discounted price after factoring in the time value of money, the payer history, and property condition.If there is still a significant period of time left for the payer to make payments, the future payments are not worth the same amount in current dollars. Five Ps of Selling Houses 1. Planning:Know Your Target BuyersThink about your neighborhood and the buyers purchasing homes near your property. Real Estate Internet Marketing Is The Way To Go Real estate Internet marketing is a booming business, along with all other forms of Internet businesses. Now, it seems that very little can't be sold over the Internet. 6 REASONS for Investing in Florida Real Estate Investment Property NOW I invite you to take the next few minutes to learn the truth about the real estate market, how it compares to other methods of building assets and why it is such a lucrative form of investing. Many potential investors will say, 'I need to get into the Florida Investment Property market', especially taking into account current stock market fluctuations and the HOT market for investment properties, but simply don't know the facts about Orlando property investing and how to use sale and leaseback method of property management. How to Build A Rental Property Money Machine If you are looking for a steady, income-producing investment that isn't dependent on the ups and downs of the stock market, rental property is just the investment you're looking for!As lucrative as owning rental property can be, the wrong property can be a bottomless money pit. You need to know how to go about locating property, finding tenants, managing the rental, and how to make your investment profitable. Theres More To Making Money Than A Tertiary Education An education of some sort is a prerequisite these days if you want to start a secure career in whatever field you choose. However, have you thought about where this will get you exactly? Will it help you achieve all your dreams in life, both financial, physical, emotional etc?This article is focusing on the financial and lifestyle dreams that you may have. Title Insurance Protects Your Financial Investment You purchase homeowners insurance to protect yourself financially in case something happens to your property or its contents. However homeowners insurance won't protect your financial interests if a matter arises regarding past ownership of your property. Do You Have the Correct Home Buyer Mindset to be Buying a Home? By learning what you need to know and preparing how to purchase a home ahead of time, you will be less likely to become so enamored with a particular property that you fall into the traps and the pitfalls that are so often the result of IDM, or Irrational Decision Making.Do not allow your emotions to come before sound and rational reasoning when making the decision to purchase a home. Tenants in Common (TIC) Tenants in Common is a way of sharing ownership of property among two or more people. Each tenant holds an undivided interest in the property, and each tenant may own a different size portion of the property. |
home | site map |
© 2006 TIGER MEDIA |