 How do "normal" people with "normal" paying jobs ex: teachers, police, afford to buy a home in CA or the like? |
| I am single and a teacher in TX and I am stunned by the possiblity of how people can afford to buy a $300,000 to $600, 000+ home in CA, OR, AZ, or really anywhere, where the "below-average" ... |
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 Can we afford a million dollar home? |
| Okay, my cousin and I are going to shack up together. She is currently in college getting her BA in Med.( She wants to be an obgyn). And, I work regular labor at $12/hr.for 40 hrs a week. Our cars ... |
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 My house is up for sale, the Estate Agents have told me to drop it £13k? |
| My house has been for sale for 4 months, no offers, I have new valuations from new Estate Agents advising to drop it £13k to £125k. They say the property market on its way down? What do you think?<... |
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 What different types of mortgages are there? I dont want to be scammed? |
| I dont want to get scammed into taking a mortgage I dont need. Can a mortgage expert enlighten me on mortgages. i would also like to hear the laymans views as well. How many types are out there; Pros ... |
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 Can you turn your home into a business? |
my friend is looking for a premises to start an organisation, can she transform the ground floor of her house.
Additional Details
she wanted to set up a help organisation for domestic ... |
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 For mortgage purposes, will my second home be considered a primary residence, investment prop. or second home? |
| I'm currently renting out my primary residence. I moved, and am living in a rental in a different state. I'm sort of doing this backward. I want to maintain my original home as a rental, ... |
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 Will the UK Prooperty Market crash in 2007? |
www.housepricecrash.co.uk
www.globalhousepricecrash.... |
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 Need legal advice on an apartment.? |
| My fiance and I have lived in this apartment since November and there is a new tennant up stairs who is constantly loud and throwing parties all the time for days straight. When I first asked her to ... |
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 Is this reasonable? I have a counter offer on a property, I want to purchase.? |
| The listed price is $249,900, and the MRIS remarks section describes the sellers as motivated. My offer was: Purchase for $245,000 with $8500 closing cost assistance. The owner's counter offer ... |
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 I have a mold issue and the landlord is putting us up in a hotel until fixed, Do we still have to pay rent?? |
| Ok, so we have had water leaks that the landlord failed to fix until weeks had passed and damage was done. Once taken care of (in feb 07) they never addressed the water damage, just the cause. Months ... |
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 How kids can help out with moving? |
| My family and i are planning on moving to a smaller home soon (As in August or September). I was just wondering what us kids, my sister and i (17 and 13) could do to help? Perhaps rais a little money ... |
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 What rate of interest i will be charged for a home loan of rs.1500000? |
| i have salary of Rs.10,500/- can i get home loan of Rs.15,00,000/- on it. with what rate of interested and with emi and months it will take to recover it.... |
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 Our house agent says just don't mention it- Is he right? |
| Our cellar has always been full of water. We are retiring to the seaside now. I'm thinking of calling the cellar a drought-proof water storage facility or should I install a diving board and ... |
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 Landlord Unlawful Entry? |
| I've been noticing that my landlord enters my apartment when I'm not there and I was wondering what can be done about it. Even though she denies it, I notice that my things are placed where ... |
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gloria s | How do you get rich in real estate? |
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laura f
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buy the worst house on the block in the best location, wait a few years, do it up a bit, sell it,
do this over and over
wait for the riches to roll in |
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martin l
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dont now |
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alok n
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Always put your efforts in two different ways,one,as a broker and other as a opportunistic buyer and seller,...make the rates of ur are much high(haah there are ways of doing that,rumours) |
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Brutus
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Buy low and sell high |
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Price is what you pay for value.
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During the downturn of the housing market, since one can't sell short, then the best way making money to lend mortgage to people with high interests rate (adjustable loans).
Then recapture the houses when payment amount reset.
:) |
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Skip
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In order to get rich in the real estate market you must be knowledgable about your product and market yourself.
Marketing yourself, I would select an area in the city of approximately 5,000-10,000 houses in which I live and send each person in that area a letter stating I buy property, forclosures, distressed, divorced sales, probate and fire damaged property. Do this over and over each month.
Now once you start getting calls and making contact with your clients, I would set up a policy of selling my first 3-4 houses to secure funds for future investments. After my initial 3-4 purchases and flips from that point I would then keep one out of every 3 for a rental, normally the one with the lowest monthly mortgage payment. I would attempt to do at least one purchase per month giving you 12 per year, thus you will have 4 rentals for the year. If you want you may increase this number.
You will need to meet and become friends with other real estate professionals like a mortgage "broker", home insurance agent, title rep, escrow officer or closing agents, notaries as well as attorneys. Now you should give these people some of your business cards and take some of theirs. If you run into someone needing their services give a card to that person. If they find someone needing your services they should pass out your cards.
Pretty soon you will be known as the person that close deals fast on distressed property.
You should also read a couple of books one is The Insider's Guide to Making Money in Real Estate. Read as many real estate books as you can concerning foreclosures, distressed property as well as buying and sellling real estate.
You might also purchase one of the TV gurus program. they have a lot of techniques you might use as well as tried and true forms that are useful. You need only purchase one as most are about the same.
I hope this has been of some use to you, good luck.
"FIGHT ON" |
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bathagent
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Do you refer to owning real estate or selling real estate?
Owning - buy cheap and sell high. KNOW YOUR MARKET. Do research and follow the market so you'll see the trends and know when a good deal comes across your door.
Selling - Be honest with your clients, on top of the transaction, and in constant contact with all parties. KNOW YOUR MARKET!!! Do research and follow the market here too. Be the knowledgable expert your clients expect. You will get a ton of referral business. |
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satarnag
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buy or get a contract to purchase property cheap and sell the property or it's contract.
Regards |
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themysterious
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get lots of clients, home buyers and owners |
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burpman90
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invest |
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bigmary2
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By getting your name out there. If you're in the business you definitely need a website. The NAR put out a study in 2005 saying that the use of the Internet to search for a home has risen from 2% in 1995 to 77% in 2005 and agents with websites has increased 129% over the past 5 years. It also said that In terms of lead generation, only referrals and repeat clients rank above the Internet as the most effective methods of gaining new business.
Unfortunately the real estate industry is a little bit behind in marketing themselves online, so having a website that displays the MLS data with an integrated IDX feed is probably your best bet to beat the competition. Especially since most of the real estate being sold is being done so by the newly established realtors who have mastered online marketing.
Some good website design companies are http://www.bayshoresolutions.com or http://www.13avenue.com
But the real kicker is being able to display MLS listings on your site and integrate search tools using an IDX feed. IDX Broker is definitely a superior product: http://www.idxbroker.com
Good luck! |
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