Wealthy Real Estate Investors Use A Process Known As “flipping Properties” To Quickly Make A Real Killing In The Real Estate Market.

Wealthy real estate investors use a process known as “flipping properties” to quickly make a real killing in the real estate market. The process is simple. Flipping properties simply means buying a piece of real estate under contract and then reselling it at a markup within days or months of the initial purchase. In most cases, investors resell these properties to investors rather than homebuyers. This type of investing offers many benefits for the smart investor: * It allows for big savings. Since the property passes through hands quickly, the savvy investor will spend less money on managing the property. * It allows for big profits. Flipping properties is very lucrative because it allows the investor to instantly mark up a property price and enjoy thousands or even tens of thousands of dollars in profits on a single deal. Investors in the know even maximize their profits by purchasing homes that are priced below market value and then reselling for full market value. As you can imagine, the profit potential here is virtually unlimited, since you can buy cut-price properties at tax sales and directly from cash-strapped homeowners and resell at a huge profit. * It leads to fast cash. Many would-be investors are wary of the real estate market, because they assume that selling, buying, and managing properties takes months and years. Flipping properties allows you to see cash up front – in just a few days on desirable real estate. * It helps others. Most investors are interested in the bottom line, but flipping properties is actually a very good way to help out others. Investors who are successful at this help other investors by uncovering the valuable properties that can make others money. That’s why the markup makes sense – by flipping properties, you are providing a great finding service for others. In some cases, investors are also able to help out homeowners in financial distress, by helping them to get cash for their homes. Smart investors are already making incredible profits by making use of this simple investment secret. However, the uninitiated do need to be wary. Profits are not assured. To be a successful investor, you need to be able to spot deals and uncover the homes that will actually sell fast. Telling the real estate gems from the duds is not an easy process, and one that requires a good eye and some skill-building. Luckily, investors can now get expert help at www.FreeRealEstateMentoring.com, which offers free information tha investors can implement instantly for explosive profits. Published at: https://www.isnare.com/?aid=125380&ca=Real+Estate

Carriage House Floor Plan – Turn Of The Century Style Increases Modern Real Estate Value

The carriage house floor plan became popular around the turn of the century when families began moving from rural areas to urban and suburban areas. A general misconception is that most families lived in what could be called a carriage house, but the truth is that only wealthy families, the upper 5 to 10 percent, could afford to own a home with a carriage house. The carriage house floor plan was typically 500 to 700 square feet and approximately one and a half stories high. Most were designed to match the exterior decor of the main house and built to house the groomsman, the horses, buggy, hay and the livery. If you had been a groomsman one hundred years ago, this would be both the place you lived as well as the place where you conducted your business. Even though the horse and buggy no longer exist as they once did, a carriage house in good condition is very valuable. A piece of real estate with a carriage house attached to it can bring a 10 to 15 percent increase in resale value. The idea of taking a carriage house floor plan and turning it into a habitable studio or apartment first became popular during the Depression as a way to create a rental income or house elderly relatives. Carriage houses today are generally used for either a home office or mother-in-law flat or apartment. Carriage houses are defined as a subordinate structure that have one or more habitable story and must have existed before November 1956. They may be used only as residences. Renovation of an original carriage house floor plan is not cheap, but in most cases it’s less expensive than building from scratch. The main reason that renovation is expensive is due to the fact that zoning regulations tend to be fairly strict and frequently inflexible. Bringing an original carriage house into code compliance can be costly. Some things to consider are plumbing, wiring, stairs, and foundations because the original carriage house was intended as an out building and did not get the same consideration as the main house. Currently the most popular solution is to build one from scratch with the average cost running approximately $35,000. Uses can extend beyond an apartment or mother-in-law apartment to such things as a home office, art studio or even a retail shop. The modern carriage house floor plan can offer an excellent solution for the need to add extra square footage to your property. Published at: https://www.isnare.com/?aid=74966&ca=Real+Estate

Real Estate Marketing Tools – An Agent’s Guide To Modern Technology

Seems every time you blink there’s new marketing technology being released. I that predict within the next ten years we’ll see a robot marketing assistant. Can’t you just picture it? Robo-biz XR-17 … he can help you grow your business while fetching your slippers! Here in the present, at least, you face an abundance of marketing technologies, and most of them make similar but contradictory claims. They all tout their ability to take your marketing to new levels. But how can this be? I’m not accusing these companies of being dishonest, but how can they all claim to be the best thing going? More importantly, how can you decide what you need and what you don’t? Where do you even start? Here’s a simple, systematic way to go about it: How to Choose Your Marketing Technology Step 1 — Determine your marketing goals Step 2 — Determine what you must do to achieve those goals Step 3 — Research available technologies that can help 1. Determine Your Marketing Goals Before considering the technology out there, you first need to think about your marketing goals. Write them down on paper, starting with the most important goal. Think about the big picture, not the technical side of things. For instance, maybe one of your goals is to get more business from first-time buyers. Armed with this awareness, you can move on to Step 2. 2. Determine How to Achieve Those Goals Again, forget about the technology for a moment. Look at your goal(s) from the previous step, and then write down the specific things you need to do to achieve the goal(s). Using the first-time buyers example from above, the list might look like this: * I need to locate first-time buyers. * I need a way to communicate with first-time buyers. * I need to generate a response from them. * I need to offer them something of value to generate this response. 3. Determine the Technology Needed Now that you’ve got the important stuff down — your goals and the individual steps that make up those goals — it’s okay to think about technology. In fact, that’s exactly what you need to do. Go down the list of items from Step 2 and jot down the technology needed to accomplish each step. For example: Must find potential buyers. Technology required: None yet. Must communicate with first-time buyers. Technology required: Direct mail. Must generate a response. Again, direct mail can do the job. Must offer something of value to generate a response. Maybe a first-time home buyer’s class (technology: PowerPoint). Probably a good idea to create a web page to help promote it (technology: web publishing software, or pay a web designer). Look at that. In three easy steps, we’ve gone from not knowing where to start, to having the basis of a marketing plan and the technology needed to drive it. Not bad! 4. Research the Necessary Technology All that’s left to do is research any technology from the list above that you don’t already have. If you’re familiar with PowerPoint, then all you need is a direct mail program and a website. If you’re also a direct mail pro, all you need to do is create your message and possibly make a website landing page to support it. You’ve taken a world of potential technology, and boiled it down to one or two items for further research. And you’ve done it in only four steps. Conclusion No technology is going to do your marketing for you. It can only help you carry out a program you’ve already devised. So shop wisely and use only what you need. Identify your goals, identify the necessary steps to accomplish those goals, and then (and only then) look at technologies that can help you do it quicker, easier or more affordably. That should at least hold you until Robo-biz XR-17 comes out. Published at: https://www.isnare.com/?aid=22482&ca=Real+Estate

Real Estate Rent vs. Buy Tips From Cincinnati Real Estate And Northern Kentucky Real Estate Remax Agent

Why should I buy, instead of rent? Answer: You’ll love the feeling of having something that’s all yours – a Cincinnati home where your own personal style will tell the world who you are. A thriving vegetable garden in the backyard, a tiled entryway, a yellow kitchen… when you own, you can do it all your way! But there’s more to owning a Cincinnati home than personal satisfaction. You can deduct the cost of your mortgage loan interest from your federal income taxes, and usually from your state taxes, too. And interest will compose nearly all of your monthly payment , for over half the number of years you’ll be paying your mortgage. This adds up to hefty savings at the end of each year. And you’re also allowed to deduct the property taxes you pay as a homeowner. If you rent, you write your monthly check and it’s gone forever. Another financial plus in owning a Cincinnati home is the possibility its value will go up through the years. There are advantages to buying a Cincinnati home versus renting. View these advantages in a financial comparison of buying versus renting in the Buy vs. Rent Calculator. Savings: Buying In many cases, the amount of money a renter spends on rent can be about the same as or less than the amount a homeowner spends on a mortgage. With the tax benefit for homeowners, the savings can be significant. Buy vs. Rent Comparison The renter starts out paying $800 per month with annual increases of 5% The homeowner purchases a Cincinnati home for $110,000 and pays a monthly mortgage of $1,000 After 6 years, the homeowner’s payment is lower than the renter’s monthly payment With the tax savings of homeownership, the homeowner’s payment is less than the rental payment after 3 years Monthly Expenses: Buying Your rental company takes part of your rent payment to cover certain housing expenses. When you decide to purchase a home, you accept responsibility for paying for these expenses (listed below). They are additional costs to your monthly mortgage payment and should be included in your budget estimates: Cincinnati Home Taxes and Special Assessments Home/Hazard Insurance Utilities Maintenance Home Owner Association (HOA) Fee: Doesn’t apply to all purchases. It pays for trash and snow removal and maintenance of common grounds if applicable. Membership Fee: It may pay for recreational facilities and other services (cable TV). Looking for an apartment? It can be both exciting – and frustrating! But if you approach the whole process systematically and if you know your rights, apartment hunting doesn’t have to be a hassle. Read through this Renter’s Kit before you begin. And happy hunting! Before You Start Looking… Know your rights and responsibilities: Federal law prohibits housing discrimination based on your race, color, national origin, religion, sex, family status, or disability. If you have been trying to rent a Cincinnati home or apartment and you believe your rights have been violated, you can file a fair housing complaint. When you live in an apartment, you have both rights and responsibilities. Be sure you know what’s expected of you – and what you can expect in return. Figure out what you need: It’s a good idea to think through what you need in an apartment BEFORE you begin shopping. How many bedrooms do you need? Do you need to be close to schools? Do you need parking? Make a list before you begin…that will help you narrow down your search. Published at: https://www.isnare.com/?aid=211351&ca=Real+Estate