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10 Inexpensive Ways to Spruce Up Your Rental or Rehab Property

Mar 21st, 2017

It's easy to fix up your properties if you have unlimited cash. However, you need to keep your repairs to a Related Information: "Flipping Properties Course" minimum to stay profitable. You also need to keep your properties in good shape to attract tenants or buyers. There are the basic improvements, such as carpet and paint, but these can still costs thousands of shillings. The following are some inexpensive ways to improve your properties with very little cash.

What's the Best Way to Get Started?

Mar 17th, 2017

That’s probably one of the most common questions asked by people wanting to begin real estate investing. Another common question is, “How do I find a mentor to work with?” Of course there is no one perfect answer for everyone. It depends on a number of factors including; money available, goals and current skill level. But, for my money the answer to both questions is bird dogging or as I call it Real Estate Jobbing.

8 Unwritten Etiquette Rules Every Home Seller Should Know

Mar 02nd, 2017

If you’re trying to sell your home, you’ve probably scrutinized it, staged it, and scrubbed it down from floorboards to rooftop as if the folks from Architectural Digest were stopping by for a cover shoot. OK, so it’s in immaculate shape—but your home isn’t the only thing under scrutiny here. You are, too! That’s right: No matter how nice your home is, your behaviour can also affect how buyers feel about making an offer.

Here are the unwritten etiquette rules sellers should follow to show their home—and themselves—in the best possible light.

Leave

Sure, you’re dying to know if prospective buyers will love what you’ve done with the kitchen, but Realtors® agree sellers should not be there lurking in the shadows during an open house or showing.

Buyers don’t feel as comfortable when the owner is at the home watching their every move. Get out of their way so that they can start to picture themselves living there instead of being spied on. So take a powder. Or at least hide.

Take your pets with you

Imagine, as a buyer, having the background music set to ‘barking dog’ while you are trying to take in the home’s nuances that you, as the seller, have worked so hard to hone, to say nothing of the stress it puts on your beloved pet. Take your mutt for a car ride, to the dog park, or for a long walk. It will do you both good.

Your pooch may not love the idea of strangers paying your home a visit.

Move your car

Make it easy for visitors to park and view the home, no one likes parking issues. Having them is a sure way to get a viewing off to a bad start. In fact, if potential buyers have to park a block away and walk, they may just skip taking the tour of your home. Or if they’re willing to make the hike, they may be in a lousy mood by the time they enter your home. Why risk it?

Lay out important documents

If questions arise while buyers are on the premises, it may help them decide to put in an offer that much faster if they can find answers quickly and in writing.

Leaving necessary documents in an easy-to-find spot isn’t just good for selling; it’s also good selling etiquette. Put out the home inspection report, appraisal, home warranty, monthly bill information—gases, oil, electric—and proof of any major repairs are all good things to let people look through when they are considering buying your home.”

Offer some refreshments

House hunters can get parched and peckish. You can help!

Putting out a few small bottled waters in a small bowl of ice is always appreciated, along with some light, easy grab-and-go sort of refreshments like mints or cookies.

Be patient waiting for feedback

Of course, you’re dying to know what buyers thought of your home, but that information may not flow back to you instantaneously. Buyers often want to process what they’ve seen and think it over before making an offer. If one comes through, don’t worry, you’ll hear about it!

It is reasonable to ask for feedback from your Realtor after the showing, but understand it may take a day or two for the buyer’s agent to respond.

Don’t be greedy

Who doesn’t want top shilling for their home? But an unwillingness to negotiate can kill a possible deal and keep your home on the market long after you were hoping to be unpacking at your new place.

Focusing on your bottom line is always important, but greed can lead to disaster. Remember a little of something is better than a lot of nothing. Generosity will lead you to your promise land.

Listen to the professionals

If your Realtor has some suggestions for improvements that may help sell the home faster, take them to heart but don’t take them personally.

Don’t shoot the messenger, keep emotions out and listen to what a licensed, trained, professional has to say about the house, be it a Realtor or an inspector. It’s immature and unmannerly not to be able to take criticism and be able to move on.

3 Ways To Make It Big In Real Estate

Feb 27th, 2017

There are only three reasons to be in Real Estate, if any one tells you any differently then they don’t understand real estate investing. The three reasons to be in real estate are Cash Now, Cash Monthly and Cash Later. Let’s take a closer look at each one of them.

Due Diligence: Guide For Analyzing & Purchasing Real Estate Correctly

Feb 21st, 2017

Any experienced investor will tell you that Due Diligence are two of the most important words in investing. I learned the importance of due diligence soon after my first real estate blunder. 

Due diligence is defined by Investopedia as, The care a reasonable person should take before entering into an agreement or a transaction to another party.”

Are Real Estate Seminars Worth the Money?

Feb 09th, 2017

If you read the news media, you'll see that there's a proliferation of new real estate gurus and seminars coming around to feed the endless demand for real estate these days. So, how do you tell the good from the bad? Well, first let me comment that I believe there is very little truly "bad" info out there. The difference is mainly price and quality of information. Here's some things you should consider when determining whether to invest in a real estate seminar:

60 Days To Your First Bargain Purchase

Feb 06th, 2017

Finding good real estate deals is an art that takes time to master. Like any business, customers are what drive it. Your primary customer is the seller who is motivated to sell below market value. Finding motivated sellers requires advertising, marketing, salesmanship, and, like any business, keeping your nose to the ground.

5 Reasons To Buy Multi-Family Investments

Feb 03rd, 2017

Your first multi-family property is a critical move in your real estate investing career. You’re moving past wrong information and psychological barriers on into new territory to achieve your financial goals. Well, you made the right decision. Multi-family properties open a huge door of profits for the new and experienced investor to achieve their financial goals.

42 Ways To Market Your Property

Feb 02nd, 2017

In order to become a successful real estate investor there are certain skills that must be mastered. One of these skills is marketing. The following list is a great way to insure your marketing program is successful and make sure that your investment home does not sit empty and drain your bank account while you wait for a buyer.

The Friendly Suburbs

Jan 26th, 2017

Whenever you move, be it to a new city, or an entirely different country – expect there to be a bit of culture shock. What may be considered polite in one area may be considered rude in another, the food may be different, the clothing may be different as well. But there’s a certain shock to the system that many people have when they move to the suburbs from the city. Why are all these people smiling?

Misconceptions About the Suburbs

Jan 24th, 2017

So, you’re thinking of moving to the suburbs… but you think that somehow it's like moving to outer Mongolia. You won’t see your friends. You will be stuck in a wardrobe of “mom jeans”. You will have to drive a minivan… and suddenly you won’t be that cool person that you’ve always considered yourself to be. Well, you couldn’t be more wrong. If you’re thinking that way, you probably haven’t been to the suburbs lately. And it’s time to visit again. Things have changed!