Things To Remember When Investing In Real Estate
If you have thought about becoming a real estate professional you might have heard about these terms, Agent, Broker or Realtor. But unless you are already in the business you probably don’t know what they mean. Each does have a different meaning although all three can pretty much do the same job. There are pro’s and con’s to each so before you launch yourself into the real estate world, it’s best to take a step back and learn all you can about the industry itself first.
Question 1 – how serious are you about this career? Too many investors make mistakes during transactions or miss opportunities because they don’t recognize a potential transaction. Any business endeavor is going to require an investment in education in order to have success and real estate is no different. You’re either going to pay learning by mistakes, learning by missed opportunities, learning by splitting several deals until you have the knowledge and confidence to do deals on your own, or investing upfront in education. If you’re not willing to invest time, sweat, and money into learning the industry in which you supposedly want to participate, then you do not deserve success.
If you do decide to pass on the Amie Yancey program, you can always change your mind later and buy. The program is generally a series of books and other items designed to make you a real estate investment pro. If you wish to obtain your license to actually become an agent (which is not necessary to buy or sell properties) then you may be able to get some assistance in that arena, too.
When you invest in a stock or bond, you really don’t have any control over where your money goes or how that company is managed. Unlike Warren Buffet, who normally buys full control of the entity through buying a majority of the stock, the regular investor has no power over the day-to-day operations of the business they own stock or bonds in. Additionally, their stock or bonds are normally not secured by anything tangible. In most cases, all you have as security on your investment is a piece of paper and the hope that there will be a market of buyers for that piece of paper in the future. With property investing estate, you get a deed to a property – the title to the asset is put in your name. You control what happens. You are the boss. Your investment – your capital – is backed by the title to real estate.
Beware of homes sold at sheriff sales or on the courthouse steps. Yes you can find some great deals there, but make sure you do your due diligence and always try to inspect the house first. Judgments and out of this world repair costs could chomp away at your potential profit quickly. I like buying the foreclosure properties after the bank gets them back. They are still “As Is,” but you can always inspect them and have an out if you use a realtor. Better safe than sorry right.
Does your curb appeal need a make over? No problem, that’s what the sell house fast real estate education series was designed for! If you start with the items below, you will be well on your way to transforming your home’s curb appeal.
The additional benefit is: now instead of simply having one (optimized) listing in the search engine, you end up with SEVERAL, many of them on the first page! None of them is even your site, but all of them are pages that lead people TO your website!
However you go with real estate investing, always look to making a win-win situation with the tenant. Help them find a solution to their problem. This is where enlightenment enters the picture. When we help others along with helping ourselves, we truly achieve Enlightened Financial Freedom.
from Rockland Breaking News http://rocklandbreakingnews.com/title-loaded-file/