Flipping Real Estate to make Money

Flipping Real Estate to make Money

Flipping Real Estate to make Money

In todays day in age investing money in the traditional bank system, mutual funds and bonds will make you a marginal amount of profit and takes a long time to see a decent return. If you are in looking to make some serious money in a short pan of time then flipping houses is for you. As with any type of investment there is a huge risk and you will need to put in serious effort to yield the profits you desire; that being said you could never loose money as property prices are constantly on the rise.

If you do venture into flipping real estate to increase your cash flow you must look at it as a business; one that you would need to focus all your positive attention and energy on. Keep a close watch on your investment and don’t get emotionally attached to the asset.

Before you begin on your venture it is important to understand all the concepts involved in flipping real estate. Do your market research for a few months before you invest, speak with other investors and do not invest your life savings into your first property. Always keep in mind that while this is a form of investment that will give you returns within a span of a few months; a poor decision can lead to great losses.

So, what does flipping real estate mean and what does one require to be successful? House flipping is a process of investing money in a property or real estate and selling it after a few months. One of the most important requirements to begin flipping real estate is an extremely good credit score. This will ensure that you are able to get a mortgage at a low rate. Though you may have the money to put against the down payment of the house you will need to get a mortgage to purchase the house. Getting a mortgage at the lowest available rate will increase the percentage of your profit. Most investors use cash as the down payment; however if you do not have the cash then there are several other options. You may choose to use the equity on your current home, your credit card or line of credit. If you do not have the cash on hand and are using other alternatives to make your purchase you need to be extremely cautious of your investment. Look for properties in high demand areas. This will ensure that the house sells quickly. The down side to this is that the initial purchase price may be high; even if you are buying the property in a condition where it is not ready for sale and you need to invest to update it.

Some other factors to consider when buying a property is the proximity of this location to where you live. Ideally you would have a full time job and would plan to work on upgrading your investment property after your work hours and on weekends. Consider the amount of money you would spend on gas commuting from your house to your investment property on a weekly basis.

It wouldn’t be in your best interest to invest in a property that needs a complete make over. Cosmetic changes are easy to upgrade and are cost effective; however a house that has mould or roof repairs would need serious upgrades. This means that your investment will increase. Consider all the extra money you will need to invest in order to make a profit when flipping the real estate before you make your purchase.

The two rooms to pay key attention to is the kitchen and the bathroom. These are 2 rooms that are of vital importance. Upgrade these 2 rooms with modern amenities to increase your profits.

When looking to buy a property as a rule you should always but the worst property in the area and work on it rather than buying the best property in the area. Remember, the worst property offers a greater profit margin as it will be priced as per the market value of the area. When pricing the house for sale always price it below market value to ensure that the property sells quickly.

Before you venture on your journey to flipping real estate gather contacts of local contractors, mortgage lenders, research the market for the latest upgrades and list prices with different real estate firms. Remember, flipping real estate is real work and hard work; if it weren’t we would have many more billionaires in the world that we currently do.

4 Easy ways to make great income in real estate

4 Easy ways to make great income in real estate

4 Easy ways to make great income in real estate

If you are looking forward to make some investment and make great money out of it, then in current market one of the most attractive place and safe to invest is in real estate. With increasing population, housing demand has increased in almost every country. Therefore, one can make a lot out of the real estate market with known right place to invest. Real estate investments are known for generating lifetime returns with many earning opportunities. Let us explore some of the safest ways to make money in real estate.

Development of properties:
If you have good knowledge about your area you wish to invest and know about properties, which are on sale, you can make an investment, which can turn into great profit. Depending on popularity of area among buyers, making an investment in an already built property can turn into profit with some modifications. Along with investment to buy, you will need to spend some funds on renovation of property and in return, it can attract some good deals for you in no time. A good-looking property can also be advertised on the internet, which increases your chances to attract potential buyers from different parts. Therefore, by buying and developing an already established property, greater return can be obtained in real estate in almost a year’s time.

Renting properties:
If you own a good and well-developed property, one of the easiest ways to make money out of it is by offering property for rent. Buying a property requires big investment; therefore, many people prefer renting property instead of buying. Depending on the type of property you own you can rent it for residential or for commercial purposes. Renting property might not generate many funds instantly but it will definitely provide you enough extra funds to help you with your personal finance. Some of the real estate investors consider renting the property as a perfect plan to manage funds after retirement. Therefore renting is one of the easiest ways to make money in real estate if you do not intend to sell the property or until you get a good deal.

Undeveloped areas:
If you are the owner of a property that is in undeveloped areas or an area, which is not so popular, then you can still make some money out of it with little efforts. One of the easiest ways to make money out of land in undeveloped area is by providing land on rent to campers. However, you must make sure that you supply basic requirements such as water and other basic needs. A business initiative can also be taken on such properties, which are not so popular. One can build amusement centres or other business where services are provided. By doing business you can at least earn enough money in short time to recover complete investment over property. Convention Centre, farmhouse and other such are good ideas, which can be offered for rent for meetings, outside town parties and other such purposes.

Working as a referral:
If you are low on funds to buy properties on your own, then there are still many opportunities to make money in real estate. One of the ways is by working as a realtor or as a realtor helper. All you need to do is to help sellers in selling their property. There is no shortage of people who are in search of good clients to sell their property. By helping sellers to find potential customers can let you earn big commission over property sell. In some countries as per law, the commission for realtors and helpers is as high as 2% of the complete sell amount. Therefore, if you are able to make even 10-12 deals within a month, you can earn enough to own a property of your own.
Working as a referral you can work either independently or with a realtor. Most people choose to work with realtors at start to build up their contacts in the market. Working with realtors requires the sharing of your earnings. When you have enough contact on your own in the market, you can setup your own realtor business. Working independently will allow you to keep all your earnings to your own.

Real estate properties provide many opportunities to make money in real estate market. However, knowledge about understanding a property, knowing areas of popularity and other such information is essential to be successful in the real estate field.

Apartment Investing

Apartment investing

Apartment investing

Apartment investing is one of the most popular real estate investment options. The reason for this is, such investments are affordable. Apartments are cheaper because the undivided land that forms integral part of the apartment is often much less than the land that forms part of any independent dwelling. Effectively, only the construction cost forms the major component of the apartment cost. This cost is unavoidable either in apartments, or in independent home on a large lot of land. Investor, however, manages to invest less on land cost. This can be a big advantage for those who cannot afford to spend large sums on vacant land surrounding the home.

Apartment investing can, therefore, mean smaller home loans. Income from apartments can supplement the existing income of the apartment buyer, without him or her doing much work for it. Most people invest in apartments to get such regular income from it. Initially, people are satisfied if rental income from the apartment covers the installments of any home loan that they take. Over a period, however, rents increase, and such increase is compounded. Therefore, people investing in apartments by availing any home loan are likely find it easier to manage their finances as the time goes by. They would be left with substantial surplus each year from the year in which their home loan are cleared.

Such surplus monies in future are desirable because these monies can add to income of the person at retirement. Usually, managing finances after retirement can be a big problem. Finding a job post retirement is difficult, and in any event, most people have some health problems by that time so they can no longer take up jobs. This situation also means that there is no regular source of income other than the interest on their retirement savings. This interest income does not increase with each passing year but inflation increases the cost of living. During the working life, they would not have realized the impact of inflation, because income from jobs increases at a much higher rate than inflation. However, when they retire, such source of income ceases so they also have to limit their needs within the interest on their retirement savings. It is not surprising then that retired people run short of monies and are often forced to withdraw even the principle that fetches them interest. Apartment investing can help in avoiding such problems because income from apartments, even though not a good substitute for income from a regular employment, is still a good way to provide for inflation because rents are hiked periodically, and such hikes are compounded.

Governments also encourage investments in real estate especially for self-occupation. People opting for apartment investing would be eligible for tax rebates on interest that they paid on any loan for purchasing such apartment. For some people, apartment investing can mean paying more taxes.

Having discussed the advantages of apartment investing, it is necessary to study its disadvantages as well. Not every apartment fetches reasonable rent and the present rental scenario may not exists 30 odd years down the lane. Therefore, it is better to be pragmatic about the situation and make provision for months when apartment investing may not fetch any rental income. Another disadvantage of apartment investing is that not everything remains in the owner’s hands. Take for example, water drains, and sewerage connections in the apartment complex. These are connected to a common duct that carries the water out of the apartment complex. Not everybody in the apartments is going to be neat and reliable. Therefore, apartment owner can only maintain and repair his or her apartment, that too, the interiors of his or her apartment. Exteriors have to blend with the rest of the complex so the apartment owner would have to accept the façade colors that are acceptable to majority of apartment owners in the complex.

Locality of the apartment can determine which type of tenants will come for rent. If the apartment is located near colleges or schools, finding a tenant would not be very difficult. However, if it is located in outskirts then finding tenants can be a problem. The type of tenants that are likely to come for taking apartment on rent determines the rental rates.

While purchasing an apartment for investment purposes, or even for living in it, people should not overstretch their finances and aim for what they want. Instead, they may have to compromise a bit if what they want is not in their budget for now.

Capital appreciation on apartments will not be much because of lesser extent of land forming its inseparable part. However, the apartment owner can opt for second mortgage of the property and withdraw part of equity for emergencies. This is another advantage of apartment investing.

Peter Conti & Mentor Financial Group Review

Peter Conti Review

Peter Conti Review

This review of Peter Conti provides some little known information that you won’t find anywhere else. The reason for that is most other places simply list off the same old stuff they’ve copied from other places about Peter Conti…

Peter Conti started out as an auto mechanic and began investing in real estate in 1990. Within three and a half years Peter had become a millionaire and has never looked back.

But what is the real scoop on Peter Conti – What makes him tick, why did he decide to become a real estate investor, how did he decide to become partners with Jerry Norton, what does Peter Conti like to do for fun?

Peter says that when he was a mechanic he was always looking for ways to improve himself. He read Think and grow rich, he listened to Tony Robbins self development audio tapes, and he kept an ongoing list of goals and things he would like to do during his life.

The problem was that Peter’s income as a mechanic wasn’t going to go very far. He said that in his best year ever as a mechanic he made $28,000. One of the books that Peter Conti read was “Nothing Down” by Robert Allen. This book planted a seed in the back of his mind. So while Peter was fixing cars, part of his mind was busily working away trying to figure out how to make the change from mechanic to real estate investor.

In march of 1990, Peter Conti finally made the jump and bought his first investment property. He remembers being so afraid at the closing that he was actually shaking. His Realtor, named Don, reached over and gave Peter a pat on the back saying “Don’t worry, everything’s going to be OK.”

Well, now that Peter Conti has become a multi-millionaire from real estate that’s easy to see. But Peter says he remembers what it was like to get started from scratch. “I’m always looking for more ways to make it easier and easier for the average person to make money with real estate.” Says Peter, “I know what it’s like to get going and in today’s economy, everyone needs all the help they can get.”

Peter became partners with Jerry Norton after Jerry called him up one day. Peter was so impressed with the types of deals that Jerry was doing they decided to test out working together initially on a project basis until they later became partners.

Peter used to race moto-cross and fly sailplanes, but now he enjoys running, triathlons, and riding his Jet Ski from the dock behind his house, which is on the Chesapeake Bay in Annapolis, Maryland.