Flipping Real Estate or Flipping Paper?

Flipping real estate properties is not for everybody but it is the fastest way to make a buck in the real estate business. Most everybody has heard of someone buying a “run down” house for a good price well below market value, fixing it up and selling it at a fair market price. Flipping a “fixer-upper” is definitely one way to turn a reasonably quick profit. I know some people who do it this way but they are more into the contractor and renovation business than they are of the investor mindset.

Some of these “fixer-upper” properties are in need of extensive repair and will involve electrical work, carpentry work, etc. If the investor gets involved and does some or all of this work then there could be enough profit there but if the investor farms out the required labour, profits could get eaten up quickly. For these types of flipping real estate investments, the purchase price needs to be at a huge discount and normally would be found somewhere in the foreclosure stage.

For the person that is in the mindset of investing rather than being in the renovation business then flipping real estate will only involve flipping the paper contract of the property without even taking possession of it. You can flip by entering an agreement to buy a property then sell the contract to another investor before close of escrow.

Using this technique won’t even require you to put your name on the title. Profits will generally be less than the fixer-upper investor but involves much less work and the whole process is much quicker. A fixer-upper investor would not be happy in making a profit of a few thousand dollars for a few months work on renovations but an investor that can just flip a contract for a few hours or days work would be.

Avoid disclosure of your profits to the new buyer by using a double closing.
After making a sweet deal and flipping a contract involving a juicy profit you may not want all these details to be revealed to your buyer. The solution is a double closing, transferring the property to you initially and then reselling immediately at the same lawyer’s office just an hour later to your buyer.

Three Things You Should Never Say to Your Real Estate Agent

Whether you are looking to buy or sell a home, a real estate agent makes you feel like you have a supportive and knowledgeable friend. It’s important to tell them all the important details about the property you are selling. If you are looking to buy a home, then you should be able to communicate all the features that you consider high priorities. Still, some people say things that are potentially offensive to a real estate agent. Avoid these common mistakes.

“But I looked up the property values online, and… ”
There are many great online tools for comparing neighborhoods and trends, but nothing currently available online compares to the experience of an informed real estate agent. Property values can be ballpark estimates or based on sales from decades ago. By all means, do the research and share your impressions of different neighborhoods with your realtor, but make sure that you respect their experience and training. Don’t assume the results you got from a search engine will trump the advice realtors are trying to convey regarding the local market.

“Your job must be so much fun!”
Viewing and touring new properties all day may seem like a lot of fun, but there is also a lot of paperwork and other training that goes into becoming a real estate agent. Saying that anyone’s job is “fun” tends to imply that the job would be easy for the speaker. One doesn’t typically refer to the work of airline pilots or astronauts as “fun,” since it’s acknowledged that a lot of training is necessary. Since some homeowners can sell their home without an agency, some people underestimate the amount of work involved.

“I don’t want to sell my property to anyone who is [insert race, gender, or religion].”
The dynamics of neighborhoods sometimes change over time, and some ethnic groups congregate in different parts of town in many cities. There are a lot of different factors that go into the way a population distributes itself across an urban area, and some patterns are established over long periods of time. People who have lived in one neighborhood may feel resentment toward newcomers of a different demographic, but it is not okay to ask a realtor to participate in discrimination. In the wake of the national Civil Rights Movement, equal housing legislation passed into law at the end of the 1960s. Your agent will show the property to any buyers who might be in the right financial market to make the purchase.

Corporate Real Estate Occupiers Are Aggressive on Expanding Offices in India

Recently, a popular property consultant firm conducted a research on mid-sized corporate real estate occupiers during the period June – July 2015, and gathered the responses of leading corporate firms headquartered in India and overseas. The research report says that, corporate real estate occupiers seem to be very aggressive in occupying office spaces across India.

Basically, the survey pointed to the choice of work space being progressively driven by the three main objectives; they are Talent (availability and cost), Infrastructure (social and physical) and Real Estate options. It has to be noted that the survey respondents included the corporates based across different industries and the representatives of typical Indian office space occupiers.

Below mentioned are a few key findings of the research:

  • The corporate occupiers in India are more likely to adopt the workplace strategies. The survey also revealed that the occupiers are being very efficient and are more inclined to adopt the efficient strategies, with most of the corporates mainly preferring to adopt open space workstation formats.
  • The leading corporate space occupiers continued to occupy the core locations and central business districts of major cities. The study also explored the preferences of the respondents across various occupation options, and the result indicated that, almost about 75% of the respondents preferred to lease, pre-lease or purchase the space within the prime locations of the cities.
  • IT/ITeS companies are planning to expand their operations across major cities in the southern part. The respondents of other key sectors like ecommerce firms, health care and others preferred Mumbai and Delhi NCR for their future expansions.
  • Office space occupiers across the leading industry segments were asked to chart out the direction in which they want to expand their office over the next two years. The results indicated that, most of the IT/ITeS firms (almost about 70%) of the respondents are more likely to expand their operations in Bengaluru, Hyderabad and Chennai, while the ecommerce and media firms chose to expand in Mumbai and Delhi NCR in the next two years.

Why Using Social Media Marketing for Real Estate

Your potential clients are using social media. Why aren’t you there networking with them? Now that you have an online presence through your website, you might think your web marketing plan is complete and you don’t need SMM – but think again. Agents who are neglecting SMM miss out on lucrative listings, and they lose the chance to connect with potential buyers who are seeking their dream home.

What is social media marketing for real estate?

You, personally, probably use social media every day. You just don’t know it. And, that’s why it hasn’t been working to your marketing advantage. You read and commented other people’s blogs. You use Facebook to keep up with your family and old friends. You tweet on Twitter to say witty things. You’ve watched many videos on YouTube. And, you’re a true fan of blogs. So, time to use SMM for real estate!

Social media marketing for real estate Choices

Here is a short list of just a few available choices of the popular SMM.

  1. Blog for Your Brand – share relevant content with your target market
  2. Facebook Business Page – make “friends” that are interested in your brand, product or services
  3. Twitter Business Account – Share your expertise by tweeting to your online “followers”
  4. LinkedIn – networking for businesses, including B2B
  5. YouTube – market your commercials online for free

Social media marketing for real estate Blog Content

A blog, which is short for “web log”, is an online journal for your SMM campaign. It’s your company’s opportunity to introduce your brand by marketing your niche. Your business blog lets your target housing market get to know you, who you are and what you do through SMM

Get more clients with social media marketing for real estate

Are you looking for ways to gain more clients? Of course, you are! All experts, brokers and agents have a passion for making money. Informative content is what gives you that extra edge in the market. When you provide free, relevant, useful information to your target market, you become an expert in their eyes.

When sellers are ready to put their homes on the market, they will turn to a real estate expert – the agent or the broker who is professional and able to market their homes. Even banks selling REOs use SMM for content to help them connect to qualified agents to provide them with commercial services. Content helps to connect yourself with your readers and turn your followers into actual clients.

What Does (“PID”) Mean in The Real Estate Industry?

 

A Public Improvement District (“PID”) is a financing apparatus made by the Public Improvement District Assessment Act as found in Chapter 372 of the Texas Local Government Code. The PID empowers any city to exact and gather extraordinary appraisals on property that is inside the city or inside the city’s Extraterritorial Jurisdiction (“ETJ”). A district may likewise shape a PID,but must acquire endorsement from a city if the proposed PID is inside the city’s ETJ. The PID sets up a system to fund change extends through the issuance of securities secured by unique evaluations required on all profited properties. Since PID bonds can be utilized to repay the designer for qualified foundation ahead of schedule in the advancement procedure, frequently before the end of the primary home.

Open Improvements Eligible for PID Financing are; Acquisition of Right of Ways, Art, Creation of walker shopping centers, Erection of establishments, Landscaping and different feel, Library, Mass travel, Parks and Recreational or Cultural Facilities, Parking, Street and walkway. Supplemental wellbeing administrations for the change of the region, including open security and security administrations. Supplemental business-related administrations for the change of the region. Water, wastewater, wellbeing and sanitation or seepage.

Advantages of a PID

A PID might be set up right on time in the improvement procedure permitting the designer to be an endless supply of the general population framework. Besides, dissimilar to a Municipal Utility District (“MUD”), Water Control and Improvement District (“WCID”), or Fresh Water District (“FWSD”), PIDs don’t require TCEQ endorsement, and are administered by the representing body of the city or province, in this way lightening concerns in regards to board turnover and the honesty of the board. In the event that the city attaches property that is inside the limits of a PID, the city is not compelled to pay off the appraisals, and the evaluations don’t influence the city’s obligation limit or rating.

Donald Trump and His Possible Impacts on Real Estate

It has been three days since Republican bet Donald Trump shockingly won the US presidential elections. Months before his astounding win, there have been many speculations on how his policies would affect every industry in the United States, its neighboring countries and even the world.

To many real estate men, his win will likely bring a roller coaster of changes considering that he is restrictive on his policies on businesses, investments, and international trade. Given the policy uncertainties that will likely exist within Trump’s administrations, some real estate companies have their assumptions on how the government will deal with mortgages.

Yet, on the other end, some sees his ascent to the highest seat of US government as a time to refocus on communities. Trump had been so vocal on the important role that community colleges play in shaping the economy. These community colleges produce the skilled workers needed by various industries like real estate. The welders, plumbers, electricians, brick workers, and masons are just some of the skilled persons that community colleges produce. If colleges of this type will be given more help, then the real estate industry will benefit by being supplied of enough numbers of skilled workers needed without having to look for outside talents.

If this policy pushes through, it is not impossible to see more community colleges being established within the next four years. And if this happens, there are other establishments which can sprout in communities. They can help in strengthening the local real estate industry.

The real estate industry also waits for Trump’s take on Fannie Mae and Freddie Mac. Considering the past faults of these entities to taxpayers, the government may consider their elimination. However, the government must consider very well on how these institutions will create a crisis scenario given that mortgage lending for fixed terms can become more expensive than what it is today. These institutions, despite their past faults, have already rebounded in favour of taxpayers due to the efficiency of their new leaderships.

The newly elected president was also very vocal during his campaigns on how the United States should only be for Americans. In news, incidents of racism seem higher than it were before. There are fears that immigrations will be more restrictive and that immigrants the subject of restrictions when it comes to home buying. If these were true, real estate investments will be directly affected.

President Trump has a span of four years to regain the confidence of majority of Americans that he can make America great again. He has those four long years to prove those who voted in his favor that they were just right for choosing him as the 45th president. He has those four long years to disprove those who favoured his opponent that he really has what it takes as the greater president than their choice. Let us see come January 20, 2017 on how a well-identified real estate person will serve the industry that reaped in billions of dollars for him in decades. Let us see how he’ll serve United States.

Lead Generation Techniques for Real Estate Wholesalers

Many people are overwhelmed when they look into real estate as a possible income stream. Aside from the nervousness hesitation to put out legal contracts constantly, there is an obstacle before they are even able to make an offer on a single property. That obstacle is in the pursuit of actually finding motivated sellers.

Leads are the bread and butter of any successful real estate wholesaler. Without leads, the wannabe investor will spin their wheels. You will find that cash buyers are pretty easy to find when compared to getting motivated sellers to contact you.

Lead generation is your answer. For the next few minutes, you will discover some incredible ways to pull in those motivated seller leads. You will discover the trade secrets of a 20+ year internet marketing veteran that just so happens to be a real estate wholesaler. Let’s get started!

Do you find sellers, or do sellers find you?

There are many methods wholesalers use to reach motivated sellers. Many of them require you to reach out to them. Others will allow them to reach out to you. I am a huge fan of having the motivated seller contact me. Why? Because if they are contacting me, then I know they are more likely to be motivated in the traditional sense. They will be much more open to a discount offer, or even creative financing terms, or subject 2 if there is little to no equity on the property.

While I prefer that the seller contacts me, I am not one to close a door on a gift horse. Every lead is a good lead, and a potential assignment fee. This is why I am going to recommend that you employ as many of these techniques as your time, budget, and determination will allow.