![]() | |
![]() | |
![]() |
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, Lou Castillo 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! http://www.InvestorSuccessTactics.com
MORE RESOURCES: 6 leading real estate economists and pros on what to expect from the housing market this winter MarketWatch Housing Market Shows Signs of Thawing - WSJ The Wall Street Journal $3.5 Million Homes in California The New York Times Miami real estate agent charged with $381K PPP fraud The Real Deal How Real Estate Investor in Chicago Scaled up and Built Wealth Business Insider How Can My Brother Buy My Share of Our Parents’ Home? The New York Times Collier County Florida real estate: Naples house was most expensive Naples Daily News Samantha McDonald found a niche in commercial real estate and ... Worcester Business Journal Real Estate Quotes of the Week: February 5, 2023 The Real Deal Real estate spike causes South Windsor grand list rise Journal Inquirer Rhode Island real estate market: Prices rise in 2022 but sales decline The Providence Journal Seattle DJC.com local business news and data - Real Estate ... Seattle Daily Journal of Commerce Litchfield County real estate firm has first $1M sale Torrington Register Citizen MacLellan: Residential Real Estate and Jobs Markets in Columbia ... Columbia Daily Tribune REAL ESTATE | Manufacturing / Warehouse for rent in West Bend, WI washingtoncountyinsider.com WISENBAKER: How’s the real estate market doing? Valdosta Daily Times Berks County real estate transactions for Feb. 5 Reading Eagle Leticia Andrade, Real Estate Advisor, Fulton Grace Chicago Agent magazine TikTok star Cole Burge is a teen dad and social media influencer Des Moines Register Naftali Group could build apartments in Fort Lauderdale; Bott to lead ... The Business Journals Inside Miley Cyrus’s Real Estate Portfolio, From Nashville to Malibu Architectural Digest Real estate transactions Northwest Arkansas Democrat-Gazette New agents join Gulf Shores Realty and EXIT Realty Sarasota Herald-Tribune Iredell County real estate transactions: Jan. 1-13 Statesville Record & Landmark Space Odysseys | Real Estate | santafenewmexican.com Santa Fe New Mexican Cannabis entrepreneurs pay premiums for real estate The Real Deal Chinese investor ban could ding Texas' business friendly standing Houston Chronicle REAL ESTATE | Find your new forever home at Maple Fields in ... washingtoncountyinsider.com Welcome to Real Estate Friday! theberkshireedge.com Routt County real estate sales eclipse $9.3M from Jan. 27-Feb. 2 Steamboat Pilot & Today Here are the top-10 real estate home sales for December in ... The Florida Times-Union Out and about: Hearts and souls | Real Estate | santafenewmexican ... Santa Fe New Mexican Agent Spotlight: Merrite Wyatt The Grand Junction Daily Sentinel Lakewood Sees Nearly $8.7M In Real Estate Sales Over Two-Week ... Jamestown Post Journal Chinese real estate firm neglects San Jose historic church project The Seattle Times 10 Real Estate Markets With More Homes for Sale in 2023 Business Insider Going Green in Commercial Real Estate: Aim for a Zero-Emissions ... Holland & Knight Real estate: Dollar General store property sold for $1.5 million Canton Repository Will the Tech Downturn Be the Death of SF Real Estate? The San Francisco Standard As Miami’s Booming Real Estate Market Spills Over, Fort Lauderdale Sees Luxury Listings Spike Yahoo Life Seattle DJC.com local business news and data - Real Estate - Tim's ... Seattle Daily Journal of Commerce East Cobb residential real estate sales, Jan. 16-20, 2023 East Cobb News Sen. Kyrsten Sinema pulls in cash from Wall Street, real estate titans as she mulls reelection bid CNBC Seattle DJC.com local business news and data - Real Estate ... Seattle Daily Journal of Commerce Illinois real estate: Property transfers in Knox County for Feb. 3 Galesburg Register-Mail Opinion | How a Real-Estate Entrepreneur Saved Britain From Itself The Wall Street Journal Tax Benefits of Real Estate Investing For 2023 Yahoo Finance SCAM ALERT: Virginia licensed realtors targeted by potential fraudulent real estate sellers, buyers WRIC ABC 8News General Contractor And Real Estate Developer Plead Guilty In ... Department of Justice Fifth Wall, focused on real estate tech and managing $3.2B, looks to eat up even more of its market TechCrunch 2022 Practice Group of the Year: Real Estate | News Kirkland & Ellis LLP Emerging Models in Residential Real Estate or “How to Lose a ... Joint Center for Housing Studies Phoenix real estate market falls out of the top 10 ABC15 Arizona in Phoenix Selling Houses While Black The New York Times Board of Supervisors Approves Reduced Real Estate Tax Rate for ... Fairfax County Government NewsCenter Housing market: Jason Oppenheim warns of an 'armageddon' in the real estate industry - Yahoo Finance |
![]() |
![]() |
![]() |
RELATED ARTICLES
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 |