Tag: realestatecoaching

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Real Estate Broker, To Be OR Not to BE!

A real estate broker is a word in the joint States which describes a party who acts as an intermediary between realtor and buyers of real estate (or real property as it known elsewhere) and attempts to find sellers who wish to sell and purchaser who wish to buy. In the United States, the association was originally established by reference to the English common law of agency with the broker having a fiduciary relationship with his customers.

Real Estate agent is the term used in the United States to explain a person or organization whose business is to market real estate on behalf of clients, but there are important differences between the trial and liabilities of brokers and estate agents in each country.

Beyond the US, other countries take clearly different approaches to the marketing and selling of real property. In the US, real estate brokers and their salespersons (commonly called “real estate agents” or, in some states, “brokers”) assist sellers in marketing their property and selling it for the uppermost possible price under the best terms. When acting as a Buyer’s agent with a symbol agreement (or, in many cases, verbal agreement, although a broker may not be lawfully entitled to his commission unless the agreement is in writing), they assist buyers by helping them acquire property for the best possible price under the best terms. Without a signed agreement, brokers may assist buyers in the attainment of property but still represent the seller and the seller’s benefit.

In most jurisdictions in the United States, a person is required to have a license in order to receive salary for services rendered as a real estate broker. Unlicensed activity can be illegal, but buyers and sellers performing as basic in the sale or purchase of real estate are not required to be licensed. In some states, lawyers are allowed to handle real estate sales for compensation without being licensed as brokers or agents.

Real Estate Consultants also know as wholesalers also assist sellers in selling their property at the best possible price and the best terms; however since they are not licensed; the contract they have with the seller reflects they will be paid a “consulting fee”. In many many case property owners are seeking to work with Real Estate Consultants in order to save money on the cost for selling the property based on the expensive fluctuation in the commissions real estate agents and brokers charge.

As a Real Estate Consultant I have closed real estate transactions in all 50 states and have never had any issues collecting the consulting fees for my help in selling both residential and commercial property. The real estate consulting transactions that I have closed; my consulting fee is paid at closing or “up front”.

There are many cases where clients are also seeking to work with real estate consultants and wholesalers as a way to “sell” their property and close faster than working with real estate brokers and real estate agents since we are seeking to find already established investors to close on these deals instead of looking to sell retail through the mls; which is a lot of cases can take more than 90-180 days. The swiftness that wholesalers can find buyers is very much tied to his “network” So in in the case of both Real estate brokers and Real Estate Consultants networking is the “name of the game”.

If this article was helpful please be sure to subscribe to my blog and get updates on future articles and content and LEAVE a COMMENT below.

For more information on starting a career in real estate investing or to learn how to consistently do 5-7 deals each month; contact me for an appointment to discuss.

See you at the Top!

Valerie Adams
Valerie@ConversionMarketingExpertz.com

http://www.GetRealEstateCoaching.com
http://www.QueensOfDamnRealEstate.com
http://www.CMEHomes.net

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Wise Real Estate Investing

Knowledge is King!

You have probably heard it before, investing in real-estate is among the best investments you could make. Usually, the value of real estate properties increases. It may sound easy, but beginners would usually find out that it is not that easy. It would require knowledge which could be achieved through research, planning and hard work. There are common mistakes in real-estate investing which could lead to serious pitfalls.


Before you buy any kind of investment, you would have to be familiar with the laws covering the property. Different states would usually have different laws covering property acquisition. There are legal procedures that you would have to undergo or complete to fully claim your right to the property.

Your investment could also provide passive income which would require you to look into houses or properties that could house a number of families. We generally call them Multi-Family Unit Properties; however they can be Single Family Properties converted to Multi-Family Units. These houses could be rented out. This kind of investment may have drawbacks since the property may end up with a bad tenant or without any tenant at all. If directly managing the homes or rental units is not your cup of tea, then you could try getting a real estate investment group or bring on a JV Partner that has the network to help you get tenants and manage the property. They would be building or managing the property for you in exchange of a percentage of tenants’ monthly payments. A WIN-WIN!!

If it is your first time to venture in real-estate investing, then you would have to be aware of common beginner’s mistakes. One common mistake is speculation. Beginners would usually follow the media, buy a property and wait for its value to increase. This could be risky. As mentioned earlier, real-estate investing requires research. Aside from that, you would also have to be prepared for the worst. If nobody buys the property, then you would have to think of other methods on how you could generate income from it. You could lease it, rent it and think about other exit strategies.

Another common mistake is developing emotions for your first investment. Emotions may cause problems when making business decisions like qualified prospective buyers being cut-off even though they are offering the best deal. Before you start looking for properties, make sure that you have developed some king of real estate team and they are ready.

Most people think that they could start investing on their own, big mistake. A good real-estate investment team and mentor would surely help you move quickly towards your goal. Who do you need in your team? You would need a mentor, real-estate agent, funding partner or loan office, tax adviser, contractor and even a lawyer.

When property hunting, keep two things in mind: location and value.

I am going to be repetitive here LOCATION and VALUE. There are newly-developing places where real-estate could provide you with greater financial returns in the future. Usually, you would find a great property in a great location, it may need some updating; but it could be addressed inexpensively. You may also want to think twice about buying a good property or residential house when it is located in areas with high foreclosures rates. Also, think about buying a property close to your home. This way you could focus and check on the property without being hassled with travelling for hours each week.

Real-estate investing would not make you a rich overnight. It would require you hard work and good marketing strategies. You would have to be mentally, emotionally and psychologically prepared for it. But when strummed in the right strings, it could definitely provide you financial stability. So think of each property has being one step closer to a nice retire package with residual income. “Better than what the bank will pay you, this I guarantee!”

If this article was helpful please be sure to subscribe to my blog and get updates on future articles and content and LEAVE a COMMENT below.

For more information on starting a career in real estate investing or to learn how to consistently do 5-7 deals each month; contact me for an appointment to discuss.

See you at the Top!

Valerie Adams
Valerie@ConversionMarketingExpertz.com




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Joint Ventures in Real Estate?

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“Paul taught us that the love of money is the root of all evil, and I have discovered that often those who have it the least love It the most.”

Richard Foster


How many times have you heard the story about the guy who just lost his job, had no money, and his credit history was shot? Yet somehow he made fortunes by investing in real estate. Believe it or not this can happen. Many success stories happen because of join ventures in real estate.

The concept is not new. It is simply a matter of using someone else’s money for profit. There are many people who are very interested in becoming real estate investors; however they do not know the first thing about the real estate market. This is where someone like the guy mentioned above can profit.

If you have a feel and basic sense of real estate or finance and know what would make a good investment, but have no cash flow, then you are a good candidate for a joint venture in real estate. Your knowledge and someone else’s money can generate a profitable venture for both of you. It just takes some know how to get it all done.

There are many people who are willing to use their credit or finances to gain a profit in the real estate investment world. You will need to find these people, either by soliciting in the local papers, on the Internet, or by forming a local real estate investment group. This type of group is beneficial to everyone involved.

There are times when an investor has done nothing but buy and flip properties. He or she knows nothing about renting the properties. The typical investor also usually has one niche he or she sticks with. Someone who buys strictly commercial properties may know nothing about residential and vice versa. By forming a real estate investment group in your area, this knowledge from all the investors in the group can be shared.

This can also work to your advantage should you come across a property you may want to invest in but lack the information that comes with the type of property. There may be another investor in the group who will want to form a joint venture with you in order to take advantage of the deal. Many times there may be two or three investors who are willing to make the deal happen.

This is also a great way to break into commercial investing. The more investors there are on a project the less out of pocket expense each one has. You may also find the odds slightly more in your favor with the lenders when you have a team of investors who want to purchase a large commercial property together as a joint venture.

Joint ventures in real estate can offer you the ability to obtain properties you once thought were not in your budget. You can gain knowledge from seasoned investors or you can profit from a new investor who is willing to back you financially in a real estate deal. The list is endless when it comes to the benefits of joint ventures in real estate.

By forming the real estate investment group in your area, you can open a whole new world of real estate investing.

If this article was helpful please be sure to subscribe to my blog and get updates on future articles and content.

For more information on starting a career in real estate investing or to learn how to consistently do 5-7 deals each month; contact me for an appointment to discuss. If this article was helpful please leave a comment below.

See you at the Top!

Valerie Adams
Valerie@ConversionMarketingExpertz.com

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Let Address Issues in Real Estate?

When we speak of the real estate economy, we use national statistics but we are speaking locally. On the other hand the stock market is based on the national and even the world economy. The real estate markets are based on local or even micro-local economy. Meaning, what is happening in Chicago may not directly affect what is happening in Toledo.

What affects all real estate markets together are the interest rates, inventory, buying activity and social-economic events such as corporate headquarter relocation plans, unemployment and re-development plans. There is no single barometer to measure the entire housing industry in the USA.

So, while statistics calculations and economic factors are relevant, equally important is using one’s common sense. We must keep our eyes wide open and take a look around and see what is happening around us. Talking to real estate agents, investors and lenders in a particular area can be a big help to access and tap into new markets. Equally important are conversations with contractors, freight companies and looking at the money state governments are putting into attracting new companies and tourists.

These are issues one must consider while dealing in real estate.

One major issue facing corporate real estate managers is how to effectively manage the real estate assets in the current market environment. Now more than ever before it’s important to buy low and rent commercial properties competitively to decrease turnover and increase ROI.

Secondly, real estate agents and consultants provide information about utilities, zoning, schools etc. But two common issues a buyer faces while buying are:

i. Will the property provide the right environment we want for a home?

ii. Will the property have a good resale value when we are ready to sell?

These questions are especially important to anyone looking to use buy and hold as their investment strategy.

Another important issue that any buyer/investor faces are the legal issues. Real estate laws vary from state to state. Including properties that must be closed by an attorney in some states instead of a title company. One must consult an attorney licensed to practice real estate law in the state in which the property is located.

Third; there are times a property a buyer is interested in is available but not properly advertised. It may take you some time and effort to search for and locate the right property. Thinking outside of the box is going to be where you will earn your keep here! The value you bring to the table as a consultant to investors and sellers is outlining the ROI as investors outline their investment sweet spot.

The issue of finance. We must know our financial reserves plus our borrowing capacity. If we know about our current savings, income and debt, then we can take help from lenders; banks and mortgage companies, which offer some choices according to your financial capability. There are additional options to Real Estate Consultants; such as connected with private money lenders who lend based on the performance of the asset. This is a option that will help you to stay engaged and active in the marketplace until you develop a strong financial portfolio.

In America, some real estate associations and commissions have sponsored regulations that require all real estate brokers to provide a minimum level of services which forces sellers to buy services they do not want or need. This alone is what opened the door to a new way of selling real estate. Most sellers do not want to forgo 6% of the profit on their profit in addition to the additional service brokers sometimes ask for. Most seller prefer to work with Real Estate Consultants as a way to pay less fees; often only 3% consulting fee is added to the accepted offer price. Also in most cased, because of the network of most real estate consultants the deal can be closed in a fraction of the time.

Issue of rebates on transaction fees. Some states in America allow rebates of commissions or fees on real estate transactions but some states have legislated regulations which prohibit rebates. These regulations were very much needed especially after the 2008 real estate fall out. Understand contract law and if you don’t partner with someone who is. You do not want to sign an agreement for private funding that succeeds state legislation and caps on interest rates and fees.

Next is the issue of consumer participation. The consumer federation of America released a study that real estate boards and commissions are dominated by real estate practitioners and they recommended greater participation by consumers; which is opposed by practitioners – this works against the interest of ordinary buyers and sellers.

Last but not the least, a lot of hoopla has been floating around in the news media about the ‘bubble’ theory of real estate and that the real estate market is going to burst – this may have a psychological impact on the potential buyer or seller. What this means is there will be more investors and buyers that will be very conservative in their buying approach.

For more information on starting a career in real estate investing contact me for an appointment to discuss. If this article was helpful please leave a comment below.

See you at the Top!

Valerie Adams
Valerie@ConversionMarketingExpertz.com

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Real Estate Investing Requires You To Learn How To Expand Your Business Network

For people who are just getting their feet wet in real estate investing it is usual for them to notice at the very outset that having a network of fellow investors as well as buyers can be a useful source for making their investment business flourish. Having a decent network of people to fall back on can help you locate the better properties and to also find out whom the more interesting investors are and who will want to buy real estate from you. In fact, it is not all that hard to build up your own business network provided you know how to go about this rather simple task.

REO Agents Are A Good Source

As far as real estate investing goes, it is also common that you won’t buy every property that comes your way though at the same time when you check out different properties it will bring you into close contact with others who have similar interests and thus you will have found a safe and assured means of building a business network. After you have made a few deals related to real estate investing you will also have come into close contact with REO agents who may be holding bank properties that are in post-foreclosure, and this too will help you to expand and build your business network.

Another way that your business network will flourish is when customers come to you for repeat business, which will help the network to widen even more. In fact, for every fifteen or twenty properties you check out, don’t be surprised if only one or two actually get completed and the rest will remain just a part of your business network. This in turn will then lead to your getting deals that fit in with your real estate investing profile because after a while agents as well as investors will begin to understand what exactly you are looking for and thus they will offer you only those deals that fit your needs and wants the best.

As this business network grows, so too will the chances of your landing more deals that would mean that you could then start making at least four or five new deals instead of the one that you were making at the beginning.

Since repeat clients can give you maximum business, when indulging in real estate investing, you should makes sure that you record all the information pertaining to everyone you meet in connection with your investment activities. This is a good way of finding more opportunities and because there are many foreclosures, it is also the right time to capitalize on the real estate investment business and grow your business network through checking out foreclosure lists.

To grow your business network when it concerns real estate investing you may also want to check out online sites that deal with investor networking opportunities. A good example is the website for; American Investors in Real Estate Online where you can find many like-minded investors and a lot of high quality facts and information dealing with real estate investing. In fact, if you also attend seminars and go to classes that deal with networking, you will find that your business network will expand considerably and that in turn should help you earn more out of real estate investing.

Another source worth tapping into is http://www.biggerpockets.com; which is a leading online community comprising of many real estate investors and homeowners as well as professionals dealing in real estate. It is an ideal place where you can further your real estate investing goals and also build your business network and also learn new things related to the real estate market.

For more information on starting a career in real estate investing contact me for an appointment to discuss. If this article was helpful please leave a comment below.

See you at the Top!

Valerie Adams
Valerie@ConversionMarketingExpertz.com

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Real Estate Investing: Do More Deals Make Bigger Money?

Do More Deal in Wholesaling

Unquestionably, almost all people want to earn more than enough money. So they find ways to earn extra income.

Indeed, real estate is a prevalent investment. There are millionaires out there who gained their fortune through real estate investing. Even celebrities are entering the real estate world to capture bigger earnings. They realized that investments in real estate are a good way of generating revenue. But do all the deals that you close guarantee big money? Well, the answer actually depends on a lot of factors.

Bigger Money On The Best Deals

So what is the millionaires’ secret in real estate investing that you do not know about? Here is the way to obtaining fortunes in real estate. Actually, the means of getting the real estate investing riches is not through recent techniques, methods or systems. Instead, it is through patience and research, and simply keeping an eye on changes in the marketplace.

Something big in the marketplace generates express growth in the real estate investing industry. Such big indicators could include fresh major employment progressing into the area, new factories, centers that offer sales and entertainment investments. If you ever smell and spot one, take hold of it because you’re near to grasping a fortune.

The issue is not on the number of deals that you make. What makes real estate investing a prosperous business is actually about the kind of deal that you make. If for example there are hundreds of business opportunities around and you invest to about 90% of them it wouldn’t guarantee you riches. But for instance, if an investor closes a deal which has a good price, it will guarantee him a huge amount of money. Even if that is only a single deal, what matters is the amount that you receive minus the expenses. If that still totals to a huge amount, then you’ve probably hit the jackpot.

Tips And Tricks To Make You Rich

There are some points to consider before becoming rich in the real estate business. The first thing to to consider before real estate investing is to decide whether or not you have the money for it. If you choose to borrow your capital in the business, then try to consider the necessary repayments and interest rates on your loan. If you also plan to do outright purchases in real estate investing, be confident enough that your savings is enough. Never make a mistake because it will lead you to spending too much and earning too little.

Once the budgetary chapter of your investment turns out okay, the next step is to choose competent people to work with. It is always better to choose good people inside the realm of your money making. Remember that you are in need of reliable people, from agents to banks and even customers. With everything on hand you’ll end up getting the better side of the bargain.

Another important thing to contemplate before real estate investing is the reason for your venture. Choose deals that will make you good money, but also remember that not all big investments have good payoffs. Know first how everything will run and clearly apply the legalities so that the business can be all set and clear. One wrong move can make you lose a large amount of cash, so take things slowly but remember to do them correctly.

In real estate investing, not all deals give you great payoffs. It also doesn’t imply that you’ll get rich if you invest on three or more deals. It is really about the investment that you choose to enter, your capabilities as a negotiator, and at one way or another, your luck.

For more information on starting a career in real estate investing contact me for an appointment to discuss. If this article was helpful please leave a comment below.

If this article was helpful please leave a comment below.

See you at the Top!

Valerie Adams
Valerie@ConversionMarketingExpertz.com

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The ABC’s of Real Estate Investing!

Investing in real estate can be profitable if you know the correct ways to do business in this field. As real estate investment experts say there are several keys to making significant profits in real estate investment deals. And when the deals are profitable, you will certainly be well on your way to success. For real estate investment neophytes, don’t be afraid of the challenges and pitfalls you may encounter along the way.

There is definitely a lot to learn, but in the long run after you have gained some experience, you’ll hopefully become a master at closing profitable real estate deals. There are 5 core skills that are necessary for building a real estate investment business. These will be the key factors in creating a profitable real estate investment portfolio. 

These are the 5 core skills of real estate investment:
  1. You should totally understand the meaning and concept of investing in real estate, including all of the financial risks and benefits.
  2. You must learn when and where to find the right kind of sellers.
  3. You must become an expert in all areas of real estate investment and understand such terms as lease options, cash sales, wrap mortgages, short sales and other terminology common in the real estate investment trade.
  4. You must be able to quickly and accurately analyze each real estate investment deal so you’ll know exactly when to proceed and when to pull the plug.
  5. You must learn the art of being a master negotiator when it comes to closing your real estate investment deals.

After considering these five skills, it is time to consider investing in real estate. There are great potential rewards and the effort you put forth can yield enormous monetary returns on your investment. Your confidence level will grow when you’ve gained some experience and closed on your first few real estate deals. But, don’t stop there…

You should continue to learn about real estate investing and to develop your investment skills. In a short time you may find yourself managing a profitable and growing portfolio of investment properties. Moreover, you should also continue to follow your real estate investment “game plan” and always keep an eye out for the hidden investment opportunities. The opportunities are definitely out there and with a little knowledge and desire can be yours for the taking.

So, why not get started in what might be a new and exciting (and profitable) career today? For more information on starting a career in real estate investing contact me for an appointment to discuss. If this article was helpful please leave a comment below.

If this article was helpful, please leave a comment below.

Cheers,
Valerie Adams
Valerie@ConversionMarketingExpertz.com

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6 Tips On Your Next Fix N’ Flip Project

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1.      Be sure the contract is assignable. I’m seeing lately that there are restrictions on assignments. Many times, this information comes as a surprise to the investor. I see developers with regulations that say the buyer can’t assign the contract until he or she has lived there for one year or before a certain percentage of condominium units are sold. Also, the developer may hold the best units for the end, which makes assignment prior to that nearly impossible.

2.      Know the developer or re-habber. How is your potential partner aligned to finance this flip project? Have they had a recent successful project before? How long will this project take to completion? Do your research? Make sure you have a very comprehensive outlining the project completion. I see it more and more where people are holding out contracts and deposits, and the developer isn’t moving as quickly as the investor had been told. Carrying costs need to be analyzed know the cost of delays. When using a real estate professional be sure he or she knows and goes over these costs.

3.      Know the area you will be working in. When it comes to a specific investment property, you or your associates should be experienced in that area and in that neighborhood. If the market has reached top price, then investors need to be cautioned. house-construction-1005491Take thing into account that relate to local corporate holdings relative to the area. Local company transitions and political decisions that affect mortgage rate and lending laws; both in the retail and investment sectors.

4.      Are you offer concessions as a part of closing? Make sure all of this is spelled out in writing to be handled by the closing attorney or title company. This way once you close on the property you can walk away with peace of mind; knowing these will be handled as promised and professionally.

5.      Look for fees. Recently, developers have been charging assignment fees that may eat right through your profits. In order to assign the contract, the buyer has to pay a fee to the developer. Also, some developers are saying that resales must be done in-house. The buyer must use the developer’s real estate associates. For associates that’s fine, but for buyers or investors, it isn’t always a good thing.

6.      Plan How To Handle Money. It’s important that you know you should get professional help, such as from a certified public accountant (CPA), about ongoing tax liabilities, short and long-term handling of investment profits. As an investor; I am telling you get accounting advice, and that will help you determine whether to hold the contract or the unit for a while before you resell it.

Thank you for reading this article. If you got value from this article, please like and share it. Also I would love your feedback so please comment below.

For more information on starting a career in real estate investing contact me for an appointment to discuss. If this article was helpful please leave a comment below.

Cheers,

Valerie Adams,

Conversion Marketing Experts, LLC.

California/Chicago/Georgia

Valerie@ConversionMarketingExpertz.com