It takes a lot to be a real estate investor, it involves on being smart with one’s own investments, it would also mean that one should have great communication and marketing skills to be able to sell out a property and convince prospective buyers to seal the deal. Overall, being a real estate investor means one has to be willing to take risks, accept criticisms, learn from their mistakes, and they must be willing to listen.
To listen to a mentor means one has to ground himself and learn to be humble and accept that there will always be new things to learn and by learning from other people’s experiences, you will be able to save time and effort by not repeating the same mistake of someone else. Here at Nicholas Haley, we will help you on how to find the best real estate trainer to teach you everything you need to know about real estate investments.
Accept that you do not know everything
Being humble will take you to a lot of places. Only those who know how to be humble and set aside their pride will surely be able to take in life lessons given to them by the people around them. The world is a vast place with endless possibilities, therefore learning new lessons is one of the truths that will always be constant in this world.
“I am the wisest man alive, for I know one thing, and that is that I know nothing.” -Plato, The Republic
Look up to someone who talks the talk and walks the walk
It is important that the mentor you are looking up to talks the talk and walks the walk if he does so otherwise, he is useless. A man who preaches about success yet is bankrupt and drowned in debt does not sound much of a man that would be the best real estate trainer to learn from. Choose the kind of people you surround yourself with and make sure you all have the similar mentality about working smart to be successful in real estate investments.
Apply your learnings
It has been burrowed in my mind ever since I was young that “Wisdom is the application of knowledge.” Learning alone does not suffice, you need to be able to soak in everything you have learned and apply it to every decision you will ever make. That is one of the upsides about learning, you do not have to go through several mistakes to be able to point out if a choice is a bad decision in the making. We are intelligent beings capable of adapting and becoming smarter, we must learn to take advantage of it.
Here at Home Hunter Academy by Nicholas Haley, you will be able to find the best real estate trainer to mentor you throughout your real estate investment experience. Together, we will navigate through property investments and look forward to a brighter and more successful future.
Real estate dealership has been around for centuries and has gained its popularity peak as a main source of income for the past couple of decades, providing people a profitable source of money as well as homes for those who need it. The opportunities one can gain in real estate investment are endless, however, it can be complicated for the beginners but I will be introducing to you some of the best real estate investment properties you can get your hands on.
Real Estate Investment Group
Think of mutual funds, which is an investment vehicle where a collective amount of funds from multiple investors comprised of stocks, bonds, and similar assets operated by money managers for the purpose of producing capital gains and income for the investors, real estate investment groups are similar to that. Being in a real estate investment group means being in one of the best real estate investment methods since you will be able to own properties such as apartments and condos without having to be the hands-on landlord for you are teaming up with other investors, however, your income is guaranteed as you will have a percentage of the monthly rent.
A rental property basically comprises of a property bought by a real estate investor and is being rented out to a tenant. The landlord will, of course, take care of the mortgage, maintenance of the property, as well as the taxes involved whereas the tenant, will just pay the utility bills and the rental fee of the property.
Real Estate Trading
Also called fix-and-flip, real estate trading involves a real estate investor buying off a property but it would not be sold off to the market right away, instead, he holds them off for 3-4 months and renovates tiny details around the property such as the curb, the lawn, paint job, flooring and if it is a rehab home, it will involve a grueling work of contacting contractors, appraisers, and inspectors to make sure there will be no future issues with the property’s future owners.
There are countless of variations when it comes to real estate investment but just as in any form of investment, it is important to be wary, to make studied choices of weighing out the pros and cons of your decisions before truly risking your finances.
Fix-and-flip is a term in real estate investment properties that deal with purchasing a property for sale, holding it, renovating it to make it look better and interesting to attract prospective buyers and sell it as fast as the real estate investor can.
Typically, a real estate investor has 3 types of homes that he can dwell with: the retail home, the fixer-upper, and the rehab home. Each one has its own different characteristics, depending on your budget, patience, hard work, and perseverance, you can choose the one you want to deal with or choose everything. A retail home is the easiest to sell and maybe even the fastest as it does not require any renovations or labor costs to upgrade it, whereas a fixer-upper is not typically the first choice among your prospective buyers but will knowingly stay at the back of their heads as a reserved option, deal with fixer-upper homes mean having to tweak tiny details about the house such as a fresh coat of paint, replacement of broken windows or doors and maybe even floorings. The rehab home, however, is the type of real estate investment properties which involves a lot of work as you have to consult an inspector, appraiser, and a contractor to be able to determine the current issues with the house and address it as soon as possible so it can be immediately sold.
With fix-and-flip, it is not guaranteed that you will be able to rake in a massive amount of money immediately, however, if done correctly, a real estate investor may be able to gain profit from this type of strategy but it should be taken note of that the more time you spend on flipping a house property, the higher your expenses will be.
The real estate investment properties method of fixing-and-flipping is at most definitely perfect for those who have more than $30,000 dollars in their savings account to cover all the anticipated expenses, as much as 3 months of time to be able to work on the project, has a trusted contact on contractors, appraisers, and inspectors to be able to deal with all the grueling work. With those inexperienced rehabbers, some rely on licensed contractors instead to man the renovations wherein he will provide a scope of the rehab work as well as the quote for the anticipated overall costs. This becomes a disadvantage as one has to rely on the word of the licensed contractor, that is why it is best that if you are going to invest in a property, you have to make sure you are well-versed on that field.
To learn more about how to become a better real estate investor, tune into more of our blogs here at Nicholas Haley and you, too, can be the biggest real estate investor in the country.
Investing in house properties can be easy breezy but it can also be difficult. However, the payoff and the profit is guaranteed as individuals or starting families will always look for a better shelter to cater their needs and the space they require. Along with the proper marketing skills and selling strategies, you can be a great real estate investor without having to spend 4 years in a university under a business course but just by learning how to invest in a house property through us here at Home Hunter Academy by Nicholas Haley.
A rehab home is basically the house you see at the far corner of the block where no one lives and it looks tattered. However, a real estate investor will always see the potential in properties like this. Therefore, from a drab of a house, it can suddenly transform into a breathtaking abode that you can imagine raising your family and creating a lifetime of memories in. With the right steps and measures in maintenance and repairs, any house can be transformed from a 4-figure house into a six-figure residence worth the money for the prospective buyers to cash out on.
This type of property may be the most affordable one to invest in, however, it is perfect for real estate investors who have extra money to invest in for the contractor, labor, and renovation costs that should be covered. Therefore, before involving yourself into this type of investment, checking your financial status should be prioritized.
Fixer-upper types of houses are the ones that you may just take for granted for its bland look, the type that you are aware that it is for sale and you have paid a bit of attention for it but is not on your priority list. However, a real estate investor also sees a potential in properties like these fixer upper homes. To really learn how to invest in a property, one has to take a risk in properties and deals such as this and transform it into an eye-catching one.
With a few improvements such as a new coat of paint, mowed lawn, fixed curb as well as new floorings and wallpapers, you should be able to attract the prospective buyers to gain interest in purchasing your property which will guarantee income for you.
Among the three, a retail home is the easiest type of house property to invest in as it is as easy to sell as it is to purchase. It is because this is the type the needs the least maintenance or renovation, as soon as you choose to buy it, you can sell it as soon as possible and begin marketing it to prospective buyers who might be interested.
With Nicholas Haley, we will help you gain more information and knowledge on how to become the best real estate investor that you can be, giving you more ways on earning more money.
A fixer-upper home may not be your first choice by the first glance—it would look boring, bland, unexciting, lifeless without any potential and at worse, may look like it would not be the right placed to raise a family or become your own personal space. However, a real estate investor has the marketing skills needed and the right creativity and imagination to see the potential of what was once thought as a stale and drab of a house.
With the right treatment, preparation, repairs as well as maintenance, the best real estate investor can transform a fixer-upper home into a breathtaking property you cannot wait to get your hands on to seal the deal. Here are tips from a real estate investor on how to sell a fixer-upper home:
Evaluate the property
Take a step back, observe the property and try to assess the situation by putting yourself in the shoes of a prospective buyer by asking yourself the following questions “What would I look for in a house?”, “If I was a prospective buyer, would I want to buy this house?”, “If I had all the resources, what would be the changes and upgrades I want to do in this property?”, and lastly, “How can I make this property marketable?”
By asking yourself these questions, you will be able to gain a perspective of a prospective buyer and can begin to establish ways on how to sell the property fast and easy.
Fix parts of the home, even the tiniest detail
Whether it’s the need to replace the broken glass window, remove the existing damaged flooring and replacing it with a new and a better one or whether it’s the need to paint a certain part of the room with a fresh coat of paint, house upgrades are important. However, you must avoid disregarding to fix the tiniest details as well, make sure the faulty doorknobs will be replaced with new ones or even by little things such as making sure the carb is clean and the surrounding lawn is properly mowed regularly. The smallest of details speaks a multitude of your values and discipline as the best real estate investor.
Get a professional photographer
At the age of technology where everyone has a smartphone and can take photos anytime, anywhere, you may think that you can take photos yourself for the business listings but unless you’re a professional photographer or you have the skill to take architectural photography, leave this job to a professional instead. A professional photographer can find the right angles, stage the photo to make it appealing and marketable—further leaving a good impression on the prospective buyers.
Promote the home
Simply putting up a “For Sale” signage outside the property is not enough, you need to find other ways to let people know such as posting it on your social media accounts, creating a business listing and sending it to your friends, families, and colleagues. The more ways you can get the word out, the more possibilities of reaching out to the prospective buyers.
Hopefully, by following these 4 simple steps, it will be your leverage to be able to market and sell your fixer-upper home fast and easy which will help you in becoming a better real estate investor.
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