Real Estate Blog
Some of the Best Real Estate Investing Education Sources that Proves to be Worthful!
As you know a home must be of a strong foundation to be solid. Keep this statement in your mind, because this is somewhat a good real estate business looks like, you have to get the best real estate education for the sake of the solid foundation of your real estate business.
Frequently asked Tax Law Questions in Real Estate
Real estate is an ever evolving market. Land often happens to possess great monetary value. The business involving land needs to be kept under check by the government so that there are no chances of evasion or fraud. Similarly, real estate needs to be subjected to tax laws because big money involvement helps in the generation of more tax revenue. If you happen to be a real estate agent you must know about the tax laws applied to this field. You need to know about them as they can at times help you and your clients save money while making investments. We have listed down a few frequently asked tax law questions:
Real Estate Investing: Getting Started
Starting out as a real estate investor can be intricate. Initially, you are not well aware of things and it is okay to be scared. You need to jump into the vast sea of investing and see what it holds for you. Educating yourself is important, but there are so many things that books cannot teach us. These things can only be learned through experience.
We have come up with an elaborate plan to get you going as a real estate investor:
Should you buy a retirement home?
Consider this scenario – you are thinking of getting a retirement home for yourself some 20-30 years from now. What would be the best way to go about it? Or rather, should you go for one?
USA Today recently conducted a survey regarding whether you need to buy a retirement home or not. 33% of adults in the 45-65 age group said that they are planning to move once they retire. 24% said that they are not sure about their plans yet.
Tips for Negotiating Your MAO in Real Estate Investing
Before you can close a deal in real estate investing, there are steps you need to go through. After getting your maximum allowable offer for a property, you need to present it to the sellers. Start by asking the seller the amount they think the house should sell for in its current condition. Most sellers prefer starting with a high price for you to talk them down during negotiation. Once the seller gives a price they say they can’t lower, you can now give an initial offer that is lower than your MAO. However, presenting an offer that is too lower may cost you the deal since the seller may feel insulted by your offer. In this game of negotiation, there are proven tips that can help you negotiate and close a good deal.
8 Real Estate Wholesaling Mistakes You Should Avoid
Real estate wholesaling is one of the profitable short-term real estate investment choice for many investors. For many people, wholesaling is the best way to get started in your real estate investing career. First of all, the wholesaler gets an unlisted property and makes an offer to the owner. Then the wholesaler determines the cost and the potential profit from the property before looking for a buyer. When he gets a buyer, he assigns the contract to the buyer and makes a profit by closing the wholesaling deal. Though it might sound easy, it has taken some investors down the drain financially.
Here are 5 reasons why Real Estate investing is an excellent idea!
Investing in Real Estate industry has proved generally an excellent idea all over the globe. Over the last decade, all the shareholders associated with real estate market anywhere in the world have seen a substantial growth in this industry. If we mention in the US market specifically, then we have seen a major rise in the number of housing schemes being announced to be built over the last couple of years. By the gradual boom in the industry, it is safe to say that investing on Real Estate has a number of extensive benefits that it brings to the table. It put forwards a multitude of benefits for the investors which can enjoy such as amazing rate of returns, over the top tax advantages and exciting opportunities to earn what you have always dreamt of achieving.
Here are some compelling reasons why people should start investing in Real Estate market.
Real Estate Mistakes
Keeping yourself aligned to the basics is important. Even if you are a newbie or a veteran real estate agent, you need to keep in check with the basics of the real estate business. It is critical to create a business plan and updating yourself to the next level. You also need to stay optimistic of what lies ahead. let us look at the most common mistakes real estate agents make:
Real Estate Investing: Buying a Rental Property using "float and desire method"
If you are interested in buying a rental property, you first need to determine the property’s value. This will help you in making sure that the price you are about to pay for it is justified. Each guru of the real estate has their own way to determining the price of any given property. One of these price determining methods is “cash on cash” valuation, which is a widely used method. They set their “target” for cash on cash rate to achieve, which they want out of their investments. If the property they are going to buy will give them money equal to or above this target (when sold), they immediately latch onto that deal. Many believe this system to be terrific and one can make the cash on cash rate work backward to figure the ideal price.
Let us now talk about “The float and desire method” which helps us evaluate the value of a property at any given time.
Amateur Mistakes in Real Estate Investing
It is common in any industry for novices to make mistakes, mostly due to lack of experience. It is no different in our industry – there are a number of common rookie mistakes in real estate investing that is constantly repeated by novices. If you’re a fledgeling investor or a veteran one who is not so sure, you need to do a double-check and see if you are committing any of the following: