Tag Archives: rei

“Fall”ing Into Real Estate Investment

2 Sep

Real Estate Investing is a broad phrase that covers everything from short sales, to tax liens to wholesaling to rehab flips as well as commercial real estate. If you are a beginner, where do you start?

As a beginner, there are 3 Main things to consider when you are starting to invest.

1. Invest From a Position of Strength.  With cash you can negotiate better deals that provide more profit.  If you don’t have your own cash, then seeking private lenders to bring on your team will make your investment much stronger.

2.  Have Goals; Invest in Properties That Provide Multiple Exit Strategies. With multiple exit strategies available, you have less of a chance of getting stuck with a home you can’t move. Always plan for the long term. Have an end goal in mind to help stregthen your investment strategy plan.

3. Know Your Market! Conduct your market research before investing in real estate to know if your market is a good market to invest in.

  • Who are the major employers in the area and are they stable?
  • What is the population growth trend?
  • What are the expected limitations?
  • What are the local rents and how are they trending?
  • What are the average and median home prices in the area?
  • What economic anchors does the area have?

These are three principles you can follow to ensure that if you are starting out investing this autumn you will have a stronger sense of what you are getting into and how to effectively navigate this career.  If you need any other tips for starting your investment strategy contact us anytime at http://www.reiaofoakland.com.

Real Estate Reality: Buyers Judge A “Book” By Its Cover

26 Jul

Written by Rick Pridemore

Television programs about home “staging” have exploded in popularity recently.  So much so, that many people believe that home staging is a new concept.  Not so.  Professional real estate agents have known for a long time that a little “spit and polish” goes a long way in selling a home.  Let’s look at some of the most effective areas to spend your time and money.  To begin, the importance of a good first impression cannot be overstated.  If the buyer pulls up to your property and is turned off by a messy yard, overgrown landscaping, or peeling paint, they often won’t even spend the time to look at the interior.

The psychology of the buying decision causes the client to look for validation of their first impulse.  For instance, if they pull to your house and decide that they don’t like it, as they tour the inside of the home their subconscious mind will look for negative points to validate their initial dislike of the home.  As they walk through the home, they will be subconsciously thinking “The closets are tiny, too,” or “the kitchen won’t work, there’s no counter space.”  On the other hand, if they fell in love with the exterior, their internal dialogue would go something like this: “The closets are small, but an armoire would fit over there,” or “all the kitchen needs is an island.”   So put your best foot forward, and put them in the proper frame of mind:

  • Make sure that the lawn is always freshly mowed
  • Edge the lawn
  • Make sure that fresh mulch is laid in all of the flower beds
  • Fill planting areas with blooming flowers.
  • Clear the yard of toys, hoses, sprinklers, etc. 
  • Trim all bushes and trees.
  • Power wash the driveway, porch, and sidewalk
  • Make sure that the shingles look newer, if not new.
  • If the siding is painted, honestly evaluate whether it needs a fresh coat.
  • Clean all of the windows, inside and out.
  • Paint the front door
  • If the mailbox or address numbers are mounted on the front of the house, make sure they look new and attractive