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Here’s another report that might raise some concern for those who are just about to enter rentals and other forms of real estate investing. A San Francisco paper reported that scams perpetuated by culprits pretending to be landlords are on the rise.
An official said it’s actually hard to ascertain the exact number of cases. However, the rise in cases is attributed to the spike in the number of vacant properties. A sheriff, meanwhile, was quoted as saying that victims are “primarily young, unsuspecting victims who truly believe they’re entering into a legitimate rental agreement.” Depending on how you view it, this can be a positive or negative news for those who are about to enter real estate investing.
Negative view: Prospective tenants will scrutinize landlords more and will not easily agree to pay deposits and other fees. Positive view: if you have nothing to hide and are a legit landlord, you have nothing to fear. Tenants will need to rent properties and they will continue to look for rentals. That also means business as usual for landlords and real estate investors. It’s doubtful that this news will even impact real estate investing in general.
But to prepare for the worse, you might want to set up a sort of landlord credibility kit right now. Compile some documents proving you own the property. Show them pictures of you inside the apartment or house. This will ease concerns from prospective tenants. So if you have nothing to do on the weekend or on your free time, start building a rental and real estate investing credibility kit now.
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With everybody wanting to get ahead of everybody, there’s no other better thing to do than to come up with creative real estate strategies that will maximize your chances of making huge profits in the business. In this post, I will share with you a few creative real estate tips to keep in mind.• Market through T-shirts – This is a unique real estate investing tip. Making T-shirts can be fun and exciting. T-shirts do not only market your product, they also market your company. It promotes company branding as well. If you want to consider this technique, spend a little extra dime to make your shirts look nicer. You can give these shirts to friends, family, and some influential people.• Make social cards – This is one of the most effective real estate tips for today’s property investors. If you are an active member of social media sites like Facebook, Twitter, or LinkedIn, list it in your business card. Keep in mind that social media is a great tool you can use to attract sellers and buyers.• Try the roof magic – Find a home with a large barn. If you can find one close to a highly-trafficked area, the better. Make an appointment with the owner and ask him if you could rent the top of his barn. In return, you will pay him monthly for the ad placement. Make a catchy copy with big and colorful letters. Before considering this technique, ensure that you are not violating any of your local advertising laws.Be unique in your marketing and advertising strategies. Browse the Web for a wide range of real estate investing tips to further improve your business.
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When I was younger, I really hated going to school. I would make a thousand and one excuses just to skip school and stay home and play all day. And when classes are suspended due to severe weather conditions, I would jump with glee while my brother, who was my opposite and loved going to school, would mope and sulk.
When I grew older, I realized that skipping classes is not really good for my education. And when I entered the real estate investing business, it all became clear to me that attending real estate seminars, which is kind of like going to school, is not so bad after all.
Participating in workshops and other similar events is good for a budding real estate investor. Why? For starters, you can learn various tips and pointers that you won’t easily understand by reading real estate books or watching instructional DVDs. In addition, you can clarify certain things since you can directly ask the speaker if something is bugging your brain out.
Another perk of attending real estate seminars: you can meet lots of people who share the same interest and passion in life with you. If you feel alone and isolated because you’re the only one in your family or your circle of friends who has a thing for real estate investing, you can remedy that by attending real estate workshops. Who knows, you might even find a potential “better half” or a mentor who can show you the ropes.
So if you don’t like going to school as a child, you better not bring that attitude into adulthood because, trust me, mingling with your “classmates” and listening to your “teachers” during real estate seminars will definitely help boost your career.
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Opportunities in real estate investing are almost screaming. A new network recently published a story on the top commercial foreclosures in the country. Of the ten, the top two and the seventh were from New York. Others were from Nevada, Massachusetts, California, Florida, Hawaii, and Washington, D.C.
We actually encourage investing in single-family homes but hey, that should not limit your from crossing over to commercial properties. With these opportunities to invest in commercial foreclosures, it is only obvious that investors actually have a lot of options in the industry. Whether residential or commercial, opportunities are abundant. What matters now is if you will seize the opportunity to make money in real estate investing.
If you’re from New York, Nevada, Massachusetts, California, Florida, Hawaii, or Washington, D.C, you should be more delighted. While the report does not mean that those areas contained the most number of foreclosures, it shows that those places are actually filled with opportunities. So if you still don’t have any plans of venturing into real estate investing but are from the states and district above, it’s time you give it a thought.
Residential or commercial properties, you decide. What matters is you take action now, while opportunities are still around. Times likes these might never show up again in this lifetime, and believe us when we say that. Today is the day you should start investing in real estate and enjoy the benefits of the business other investors are already taking pleasure in. Happy investing everyone!
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Every day, we ask ourselves “Why don’t I get a sales call?” Most of us think that our marketing strategies are weak when in fact, they could be very efficient. The missing piece of the puzzle is that we do not follow up. I can never stress this more but throughout my real estate investing career, follow-ups have played a huge role in increasing my sales volume. This is a property investing advice that should never be ignored. Today, I will share with you my quick and very easy follow-up strategies.
1. First, execute your main marketing technique. In my case, I send Christmas cards to all the names on my list.
2. A month after, I send a follow-up card. The message is simple. It goes something like, “Hope you and your family had a wonderful Christmas. I just want you to know that I remain highly interested to buy your home. I look forward to your positive feedback.” In property investing, it is very important that you develop professional relationships with your market. With the notes that I send, I make sure that I use a personal approach all the time. I write the letters with my personal handwriting to make my readers feel special.
3. If I do not get a reply, this is when I use more aggressive follow-up strategies. I call. Or, I invite them to my Facebook fanpage. Once they’re in my network, that’s when I strengthen the ties and push more customized marketing.
Property investing can be very lucrative. However, to make the most of your real estate investments, you need to come up with out-of-the box strategies to sell your properties.
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One of the perks of being a real estate investor is that you can take a day off anytime you want. When you’re feeling a little bit under the weather, you can just stay at home, spend the day with your kids or better half, and enjoy the nice spring breeze. Whereas if you remain an office worker all your life, you can’t enjoy a little quality time with yourself since you have to report for work, even if you don’t like leaving the comforts of your fluffy bed.
Although it is true that real estate investing allows you to take a vacation whenever you want, there are exceptions to the rule. There are days that you have to “go to work” even if you don’t feel like it. Why? Let me ask you this: would you rather go on a camping trip when a motivated home seller is offering you a great deal?
Well, I don’t know about you but if it’s me, I would gladly set my fishing rods aside, unpack my bags, and meet that motivated seller immediately. A great chance to make money in real estate should not be taken lightly. Who knows, this deal might just be the opportunity that you’ve been waiting for and you’re a dumb ox if you’re going to let it slip your grasp.
Real estate investing is indeed a great way to make a living as it allows you to fully enjoy the money that you are making. Bear in mind, however, that you shouldn’t also forget your priorities.
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If you have been scouring through the Internet about the latest marketing trends in real estate investing, surely, you have stumbled upon a lot of flip video marketing articles. Flip video marketing has turned into a huge marketing craze, not only in the industry but in many online business as well. It all started with the introduction of a new wave of flip video cameras in the market. The new series of flip video cameras charmed the market, including our fellow property investors. The gadget is very easy to use and very convenient to bring with you anywhere you go. A week after these flip video cams were released, a wide range of real estate tips on flip video marketing were all over the Web. So how exactly do you go about marketing your business through your flip video?
1. Find a topic that you would want to talk about. It is highly advised that you tackle topics that you are best known for.
2. Make an outline. Marketing articles and real estate tips tell you to keep your video short but juicy. A huge percentage of your market are individuals who are always on-the-go. They do not have the luxury of time to listen to everything that you have to say. Before you start, draft an outline and ensure that you follow your plot as you go along with your video.
3. Keep yourself presentable and interesting. In this type of marketing, your looks become an investment. Some video marketers wear a coat and tie to add credibility to their image. If you can crack a few jokes in between, do so. This will make your video more interesting.
There are a wide range of real estate tips that you can find online. Keep these tips in mind when making a marketing plan for your business.
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An REI news watch recently featured a news real estate investors should be afraid of – swindlers! The 50-year-old woman allegedly tried to dupe a Spanish-speaking couple into paying $80,000 as “down payment” for a Modesto home. The report stated that the suspect pretended to be a real estate agent and had shown several properties to the couple. Suspecting something amiss, they talked to the authorities and discovered the alleged crime.
The thing is, the event happened in California’s Stanislaus County, where the risk of mortgage fraud is believed to be greater than anywhere in the whole country! This news should serve as a heads-up for real estate investors, lenders, agents, home buyers, and anyone who is involved in real estate investing. Whether in California or any other state in the U.S., the possibility of being swindled is always there. While this specific case showed that the home buyers were the alleged victims, investors and lenders could also fall for these scams.
So, the moral of the story? Build trust but get to know people well before trusting them. It does not matter if that lender or real estate agent was referred by a friend. It does not matter if the investor has a website. Always do a little background check on people you work with just so you know if they are worth your trust. Just be careful not to cross the line and invade their privacy. That’s a different matter altogether.
Again real estate investors, beware and be vigilant. You can never tell where or when a swindler will strike anew.
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Let me share something funny but “enlightening” with you today. Don’t worry, it has nothing to do with lame stuff. I just want to tell you how a little “oversight” cost my friend hundreds of dollars and lots of wasted time while doing a fix and flip project.
It happened a couple of years back, when my buddy was just starting his rehabbing business. I didn’t really know what possessed him to make his first fix and flip project an experiment but while that incident produced disastrous results, it did teach him a lot of things.
My rehabber friend, you see, has little background on doing construction work so he decided not to hire professional contractors. In addition, the fixer upper home that he has purchased looked like it didn’t need too much work, just a little paint touch-up and some new fixtures. That gave him the confidence to do the rehab on his own, with the help of his friends, of course.
To make the long story short, we were having a break after putting finishing touches on the paintjob when my friend’s seven-year-old son started telling us that the “walls are melting.” Well, to say that we were fairly surprised was the understatement of the year. The kitchen walls, which happened to be of the same color as butter, were indeed melting.
It turned out that one of the pipes behind a wall got busted and my genius friend “forgot” to check if the piping system was still in good condition before applying the first coat of paint. He just relied on what the realtor told him. Despite that disastrous day, we were quite thankful that we got to discover the house’s dirty secret before my friend sold it to the buyer.
So the moral lesson of the story is to always do your homework when rehabbing a house. Give the property a thorough checkup and don’t take the words of a realtor at face value. And even if you do know something about fixing and flipping a property, it wouldn’t hurt to seek the assistance of professional contractors.
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Oprah Winfrey’s vacation spot is where most real estate investors would surely want to go if given the chance. An article released by an online magazine said that the Queen of Talk relaxes her senses in Antigua, an island in the Caribbean region. The report added that the 10-figure-income earner’s property is near those of Eric Clapton’s and Giorgio Armani’s. The Antiguan vacation home, however, is just one of her vacation spots. She also has a 60-acre property in Maui and a 42-acre one in Montecito, California.
Let’s cut to the chase though. If you think the point is you should be a television icon or you should buy sprawling vacation spots, you are wrong. The point is you should work hard to get what you want in life. Oprah surely didn’t amass all of her wealth overnight. The same is true in real estate investing. You don’t make millions overnight. It takes time and patience for you to cash your very first check.
You can’t blame real estate investors who think that this industry is the easiest way to the top. That’s what they believe in. However, that belief only holds water for those who not only think that real estate investing is the gateway to financial freedom but also act to back up this belief. Thinking about it will only make you drool and wish you were Oprah. Maybe we think that her wealth is from entertaining people. But if you break it down, you’ll realize that her fortune is a result of her actions. She took action and reaped its benefits.
Real estate investors should do the same in their chosen field, which is real estate investing.
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