Why You Should Invest in Real Estate

One of the best investments you can make is buy acquiring real estate. Especially now that the real estate market has collapsed in many areas in the country, you can buy property at much lower prices than what they were going for a few years ago. Over the course of years, the value increase of the property alone will make you a nice profit, comparable to that of many stocks. But there are other advantages.When you buy stocks or bonds, you put them in a safe or at your bank and that’s it. You can’t do anything with them. Real estate on the other hand does give you something you can use and generate income with (you can live in it yourself or rent it out).No matter how you turn it, land is a scarce good; there is no (easy and inexpensive) way to create more land than there already is, no matter what they say in Dubai. With growing population the value of land can only rise especially in densely populated areas. So if you buy real estate now, you are almost guaranteed a nice profit if you hold on to it long enough.Zoning boards determine for what purpose certain zones of land can be used: agriculture, residential, industry… In most communities these zoning boards have a conservative stance that avoid fast growth since that also comes with its own problems and expenses. So the available land that can be used for residential living won’t be expanded quickly meaning that the value of the available properties will go up.
If you are a bit of a handyman, you can renovate real estate property cheaply by doing a lot of work yourself or if you have a trusted crew, you can outsource it. Often small expenses go a long way to increasing the value of the property dramatically. There is an entire industry of property developers that buy property well below its potential value and by making the right renovations make a tidy profit in a short time span. It does however take time, experience and a budget to discover the real gems.Another big advantage of real estate is that you can borrow a lot of money to acquire it, up to 80-90% of its total value. This is called leverage, with only a small investment of 10 to 20 percent; you can obtain something of much greater value. When the value of the property goes up, you make money on your investment and the money you borrowed.If you decide to move in the house you bought yourself, you can even get deduct the interest you pay on your loan from your taxes to really sweeten the deal.Don’t go off buying real estate without thorough research and expect to lose more money than you make in the first few years when you are renting out the property for getting it up to standard. Real estate should never be seen as a short term investment (except if you are an experienced property developer who does short-term buy-renovate-sell actions).

Real Estate Opportunities in Down Markets – Book Review on Wealth Building

The global economic crisis and absolute collapse of the residential real estate market in the United States caused massive foreclosures and hardship for millions of Americans. Many folks bought above their means, and as the recession worsened many lives were lost due to their jobs and they could not make payments. Eventually, the government stepped in and stopped the foreclosures, but so many people have lost their homes that the inventory of homes for sale is quite high, and therefore, the price of homes is quite low.Interestingly enough, there are a huge number of people who are making quite a bit of money buying real estate on the cheap. Many investors from China are actually driving around now in buses buying up all the foreclosures. Foreclosure tourism if you will. How could this happen? Many people are still wondering, but I am certainly not. Why you ask?Well, I saw it coming, as it reminded me of the market in 1993. And because I read a very interesting book in the early 90s, one that I would recommend to you and it still sits on my personal library shelves at home. The name of the book is;”How You Can Profit from the S&L Bailout; Why There Is Never a Better Time to Buy Real Estate,” by Sonny Block and Caroline Jank, 1991.Why did it happen? Is the title of the first chapter, which reminds us of many of the chapters in the book’s on this latest residential real estate collapse, which are currently on the bookshelves of the major bookstores. In this book it suggests the best way of finding bailout properties, working with purchase contracts, finding cloud free titles, and investing for the future. Much of the advice given then is good advice today as well. Perhaps you should please consider all this.

What To Look For in a Reliable Real Estate Agent

A real estate agent is a person you work with when you want to buy or sell a property. They can show you homes and help negotiate on behalf of the client. Most of them make money on commissions. Many of them are under real estate brokers. They are licensed and acknowledged by the state to handle real estate transactions. These people can help you in buying real estate or perhaps a property new launch for sale. They can also be of help in getting your house out in the market. You can find them conducting their business on land bases or even online. To get the most out of hiring a real estate agent, here are some tips on what to look for.Qualities to look for1. Licensed. It is important that he is licensed in the state for security and credibility purposes.2. Upbeat with the times. A good real estate agent will be able to use all forms of technology available in order to search for your house or to market it. For example, you will want to have an agent that understands the power of the internet and its ability to provide information and draw in clients.3. Knows the market. You want to have someone who specializes in selling or buying property new launch for sale. This person will also be knowledgeable in how to negotiate prices and handling contracts. A good one will also be knowledgeable of the area that you are eyeing in terms of its marketability, neighborhood, and potential. This will save you time from having to get feedback from friends or other members of the team.4. A communicator. You will want one who will be able to deliver on updating you or touching base with you when needed. One of qualities that many agents lack is communication since it is among the top complaints that many clients have. He or she will know how to reach you through phone, email, and even twitter if necessary. Potential losses could be part of lack of communication.5. Availability. Whether part time or full time, the real estate agent needs to be ready and available when opportunity comes around the corner. It may be beneficial to look for an agent who has team members so that one can meet a client if the other is not available.6. Truthful and has integrity. This is a real estate agent who really prioritizes you and your needs and not the commission he will earn from a sale. This is the person who will show you all the possible houses available when buying all property new launch for sale that fit your request regardless of price and procedures in acquiring it; this person will represent you best.