acquiring the keys to real estate success

... consultant to develop the relevant technical skills, to understand your target market and to develop and meticulously deploy appropriate services to meet their demands Back to top Pathways to Becoming ... services The next step is to project into the future and see what additional skills you must learn in order to continue to deliver quality services to your clientele Take concrete steps to acquire the ... clients and for whom success remains elusive So, what sets these consultants apart? In other words, what makes a successful consultant? There is no magical answer to these questions There are no secrets...

Ngày tải lên: 27/06/2014, 23:20

... The BEGINNER’S Guide to REAL ESTATE INVESTING G A RY W E L D R E D , P h D John Wiley & Sons, Inc The BEGINNER’S Guide to REAL ESTATE INVESTING The BEGINNER’S Guide to REAL ESTATE ... investors mismanage their rental properties Why? Because they get lazy They fail to keep up with changes in the market.They fail to make desirable improvements to their properties They fail to ... potential inThe false beliefs of vestors believe that to earn big returns in real estate others boost your they must take big risks, they will continue to stand opportunities on the sidelines They will...

Ngày tải lên: 08/05/2014, 09:51

... is the tool we need to obtain the things we really want We didn’t make up these rules, but they are the rules nonetheless At this point you’re probably saying to yourself, If it’s not about the ... commonplace to invest more than 10 percent in these plans But it wasn’t just the loopholes that caused the problems; it was the fact that the owners of these dollars gave up control of their money to ... slowly the yields on your investments caught up to the increases It’s at those times that retired Americans either dip into their nest eggs to live or are forced to seriously cut back on their...

Ngày tải lên: 21/06/2014, 09:20

... oyster They believe that they can accomplish anything they set their minds to Best of all, they have the benefit of time to help make their dreams come true 5 ( , ( ( 6 $7 ( * , (  “Too busy ... home The percentages are the cash-on-cash return from the amount invested in the property The amount invested is the down payment, which is the number on the left-hand side of the chart The dollar ... waiting to wind up in the 95 percent broke group once you retire? This book is dedicated to giving you the best shot at fulfilling your dreams using real estate as the vehicle to get there CHAPTER...

Ngày tải lên: 21/06/2014, 09:20

... building, it’s the other components that really the trick Nonetheless, to determine cash f low, you need to know the following: The annual gross income The annual expenses The total debt payment ... subjects, not just real estate They can be tougher to locate but are worth the effort You can literally turn your daily commute into an education effort by using the time to listen to these audio educational ... from may not be totally representative of other areas of the country For that reason we asked Realtors in a couple other areas to help us show the long-term benefits in their locales These numbers...

Ngày tải lên: 21/06/2014, 09:20

... their money is there When bond yields increase, the stocks are sold for bonds When real estate is moving, they start buying This sends the message to all the small investors that it is time to ... in real estate in addition to their regular career Those who consider real estate investing and management as their primary career Most investors fall into the category in which real estate is ... in the property and are an “active investor,” according to the IRS, if the buck stops with you Additionally, the IRS has categorized investors into two different types: Those who invest in real...

Ngày tải lên: 21/06/2014, 09:20

... business Some real estate investors tend to focus on the money they’re going to make and forget that you make the money by keeping the customer content In this instance, the customer is your ... standards, the seller must either comply with the appraiser’s requests to fix the problems or lose the deal Once a real estate deal has been inked, however, sellers are rarely eager to let their deal ... loan, another advantage to buying this way is that these lenders are required to use FHA-approved appraisers In addition to verifying the value of the building, the appraiser must make sure there...

Ngày tải lên: 21/06/2014, 09:20

... approach tough to sell is that it takes 15 to 30 years to see the real payoff On the other hand, it’s a lot easier to motivate people with dreams of the get- rich- quick approaches to making ... certificate to their local Starbucks would remind them how lucky they are to have you as their landlord One great way to get the message out to your tenants about rents in an increasing market is to prominently ... allowed us to touch the high points of investing in real estate This review should have given you an outline of the topics that need additional study and research We encourage you to use the five-part...

Ngày tải lên: 21/06/2014, 09:20

... investment that realizes enough income to cover the expense of the financing, with the excess accruing to the purchaser 0$5*,1 The number that is added to the index of a loan to get the final interest ... lifetime cap specifies the overall increase the lender is allowed to pass on to the borrower &$3,7$/(;3(16( The outlay to purchase any asset with a useful life of over one year (the tax treatment ... property you can calculate the return on the equity for that year Add up the returns for several years and divide by the number of years to get the average %$6,6 The cost of the building on your property,...

Ngày tải lên: 21/06/2014, 09:20

... enlist hundreds of others? Newspapers and Other Publications When most people look for real estate, they browse the real estate classifieds with a highlighter, call owners or Realtors, get basic information, ... salespeople, want you to buy the products they are Loan reps want selling Would you expect unbiased auto advice you to buy what from the sales agent at the Buick dealer? No? Then they are selling ... summer stock theater for very good wages Then during the off-season, they regularly collect unemployment So, their qualifying income includes both their earnings from summer stock acting and their...

Ngày tải lên: 14/08/2014, 11:21

... not to let the property go to a foreclosure speculator It could shut out the speculators with a bid of $300,001 If the lender wins its bid, it then owns the property as an REO Does acquiring the ... may be able to buy directly from the heirs or the executor of the estate In fact, some buyers of estate properties follow the obituary notices, contact heirs, and try to buy before the property ... uninsurable, consult a real estate attorney to obtain an opinion of title ◆ Be prepared to pay the deposit To become eligible to bid, register with the auction company before the auction begins and...

Ngày tải lên: 14/08/2014, 11:21

... they can’t strategiBoost your cally customize their properties to make them stand out from other rentals In other words, these ownerproperty values by investors fail to monitor their competitors ... then, large real estate tax shelter benefits added fuel to the fire In a situation similar to the dot-coms and tech stocks in the late 1990s, rapid price increases fed on themselves—until the real ... HOW TO INVEST FOR MAXIMUM GAIN 174 Per-Unit Measures In addition to tuning in to the construction cycle, savvy real estate investors rely on various per-unit measures to help them decide whether...

Ngày tải lên: 14/08/2014, 11:21

... These investors differ primarily in the way they try to win these deal points ◆ Win-lose style The egocentric dealmaker wants to win while forcing the other party to admit defeat These investors ... easily ask the sellers (or their real estate agent)? But here’s the downside to that approach You might alert the sellers to some piece of information that they could use to strengthen their own ... forced) the other party ONWARD AND UPWARD TO BUILDING WEALTH 224 to push the chips in his direction But this negotiator never lets on that he got the best of the deal He allows the other side to win...

Ngày tải lên: 14/08/2014, 11:21

... require the sellers to deliver their property to you on the date of closing (or the date of possession) in the same condition as it stood on the date the sellers accepted your offer If the property ... parents.” To be safe, ask the sellers’ tenants to okay any list of personal property that you and the sellers prepare Ask the tenants to After you have closed on the deal is not the time to verify the ... boundaries really lie Walk and confirm Building Description Often, your real estate agreement needs to identify only the lot, not the building That’s because the legal definition of real estate (the surface...

Ngày tải lên: 14/08/2014, 11:21

... property and try to stick the tenant with costs that were properly the obligation of the owner ◆ They have not monitored the condition of the unit throughout the tenancy, and then during the final walk-through, ... related to real estate and mortgages, the above list only samples some of the most popular sites Internet Appendix 291 Nevertheless, if you’ve got the time and the will to sort through the data ... their tenancy, when I document their damages, and when I don’t try to overcharge them, they readily honor their responsibility to cover the reasonable costs of repair Persistently Find Ways to...

Ngày tải lên: 14/08/2014, 11:21

... The BEGINNER’S Guide to REAL ESTATE INVESTING G A RY W E L D R E D , P h D John Wiley & Sons, Inc The BEGINNER’S Guide to REAL ESTATE INVESTING The BEGINNER’S Guide to REAL ESTATE ... potential inThe false beliefs of vestors believe that to earn big returns in real estate others boost your they must take big risks, they will continue to stand opportunities on the sidelines They will ... When’s the best time for you to invest in real estate? A Today But don’t jump to the wrong conclusion By saying “invest today,” I don’t mean that you can never go wrong Rather, I mean that there’s...

Ngày tải lên: 14/08/2014, 11:21

... investors mismanage their rental properties Why? Because they get lazy They fail to keep up with changes in the market.They fail to make desirable improvements to their properties They fail to ... appreciate the fact that, to a large degree, you can protect your real estate profits from the IRS 32 MINDSET + KNOWLEDGE = WEALTH To really learn how to avoid taxes on real estate, I recommend these ... economic history) Indeed, the famous stock market bull,Wharton professor Jeremy Siegel, forecasts average stock returns over the next 10 to 20 years of just to percent a year Why? Because stocks today...

Ngày tải lên: 14/08/2014, 11:21

... financing Do the sellers want to move on with their lives? Then follow the adage, “a buyer at hand is worth two ‘maybes’ six months into the future.” Emphasize the here and now 72 HOW TO RAISE THE MONEY ... could transfer their low-rate mortgages to their buyers By the early 1980s, however, most lenders had changed their mortgage contracts to include the “due on sale” clause (the notorious paragraph ... relationship Summing Up For the top 20 to 30 percent of U.S investors, credit scoring and automated underwriting greatly ease the pain of financing a home or investment property On the other hand, if you’re...

Ngày tải lên: 14/08/2014, 11:21

... sales does the clause require the sellers or the buyers to pay off the loan This clause merely gives the lender the right can buy any (or option) to call the loan due property with Therefore, ... HOW TO RAISE THE MONEY of $1,000 to $5,000 (possibly more) Taken together, all of these factors spell lower risk for you the property investor Higher Rents Lease-option tenants will agree to pay ... payments in the seller’s credit record If the your risks lender calls the loan due, someone must either pay up or refinance the property Will Lenders Really Call the Loan? Some real estate gurus...

Ngày tải lên: 14/08/2014, 11:21