Real Estate Blog
Home Pricing Mistakes
It is a well-known fact that home pricing strategy makes or breaks your chances of cracking a deal when it comes to real estate. But pricing is not always as simple as it sounds. Things get complicated when you start attaching a price tag to you real estate; it is not just about numbers actually. Wrong home pricing can result in frustration on part of the seller and you. As an agent it is your duty to make sure your clients have placed the right price on their property.
Owning an Airbnb
Airbnb has gained a lot of traction lately and some people deem it good to make an Airbnb investment. It’s popularity if on the rise and tourists are attracted to such places. Airbnb are online vacation rental sites and people think that it is good to buy a real estate for short-term housing.
It is said that Airbnb property investment is to be decided on the key point of location. If you are located in a place where there is more demand for year-round renting, then you must never use your property as a vocational rental. On the contrary, if you have bought a place in the outer banks of a city or places that are closer to landmarks or special sights, then it is a really good thought to convert your rental property into an Airbnb.
So, before making a move, the investors need to take into account several factors. These factors are listed as follows:
How to Build Credibility and Make Your First Big Property Deal.
So, you want to make your first multi-million dollar commercial property deal but you don’t have a track record? As a consequence, you may not be taken seriously in the real estate market. What can you do? Well, if this is your case, then you came to the right place. Here, you will get tips that will help build your credibility quickly and appear like a veteran in the commercial real estate market. Without a track record, getting your first deal done can be challenging. Although you can make up a track record there are things you can do to make up for your inexperience.
Real Estate crowdfunding platforms
Crowd-funding for real estate is slowly gaining traction among the gurus of both the industries. The entire concept is a hybrid between capitalism and the modern culture. With a market cap of $30 billion per year, crowdfunding platforms seek the approval of real estate gurus to enter and raise its stakes furthered. This article will provide you with ample knowledge of these platforms and their mode of operation.
Marijuana and Real Estate
With the rapid increase in states legalizing marijuana, things have become too loud to be ignored. Growing marijuana in homes has been practiced for quite sometime now. 23 states in America allow medical use of marijuana, whereas, 11 states permit limited possession and recreational use. Now that the name marijuana has started appearing in the legal list, here are some things you should know as a real estate agent to linkup marijuana and real estate.
Success in Real Estate
Many people take their time to get ‘çomfortable’ before they pursue something, but real estate success arrives from operating outside your comfort zone. We are here to dig you outside your comfort zone, and when you are ready, you will push us outside our comfort zone too. It’s a lunatic atmosphere these days. Paychecks aren’t receiving bigger, jobs are still in confusion, taxes, prices of goods will keep on increasing. No matter what most of us do, we can’t seem to exit of the rat race, and many are still working to get in the rat race. Here we will help you find your cheese and your ambitions. We welcome you with extended arms as long as you are a hard worker, you put in the effort, and you run a moral business practice. Financial change isn’t easy but in the appropriate direction with guidance, it can occur in a fairly graceful amount of time! Now is the time to learn up to date blueprints on real estate investing. Our instructors are real estate investors in the start and teachers second. We strive on developing real estate investing communities around the globe so that you have local support when you need to overcome the biggest obstacles in getting success in real estate investment.
Your Fiduciary Duties as a Buyer’s Agent
In the real estate business, once a deal is closed, you are obligated to provide your client certain fiduciary duties. But one must ask, what are fiduciary duties? They can be explained as duties bound by only trust and legality. This fiduciary relationship in very crucial and depends on trust. Such a relationship can be compared to that of doctor and patient. You might do everything right in terms of negotiation a better deal for your client but if you make them disbelieve you with a mistake, your real estate career might suffer.
Why Real Estate Wholesaling Doesn’t Work For Newbies
Real estate is a low risk investment that mostly generates positive cash flow. Real estate wholesaling however is a branch of real estate that is deemed risky. While other real estate niches are celebrated for their low risks and lower costs, real estate wholesaling requires proper knowledge. It is almost the same as fix and flip, only that the fixing part is done away with, making it risky. The wholesaler buys a cheap and undesirable property to sell it without fixing it. A real estate investor therefore needs a vast network of buyers, sellers and real estate agents in order to successfully complete the transaction. This is one of the reasons newbie real estate wholesalers are unsuccessful or even can’t get started. If you’re new in the real estate wholesaling market and you haven’t started or you’re not achieving your goals, you may find the reason here.
Real Estate Investing: Buying a Rental Property using "float and desire method"
If you are interested in buying a rental property, you first need to determine the property’s value. This will help you in making sure that the price you are about to pay for it is justified. Each guru of the real estate has their own way to determining the price of any given property. One of these price determining methods is “cash on cash” valuation, which is a widely used method. They set their “target” for cash on cash rate to achieve, which they want out of their investments. If the property they are going to buy will give them money equal to or above this target (when sold), they immediately latch onto that deal. Many believe this system to be terrific and one can make the cash on cash rate work backward to figure the ideal price.
Let us now talk about “The float and desire method” which helps us evaluate the value of a property at any given time.
Velocity Banking: The final debt acceleration strategy
What is Velocity Banking?
Velocity banking is defined as the utilizing of financial and banking products that manage and enhance cash flow that abruptly develops financial security by eradicating, lessening or decreasing interest. Velocity banking is a more well-organized way to utilize your present income.