Do a landscaping project. Make a good landscape design outside your home and plant vigorous flowers and small tress around your property. In case your home has no foundation plantings, try to add something attractive in front your home. Remember that a property with unique landscaping looks inviting.
If you are having doubts about becoming a real estate investor, let me set your mind at ease. It is one of the most satisfying ways to become financially stable. Most people think that because they don’t have cash or an extended line of credit, they can’t realize their dreams and make them come true. I’m here to tell you that it’s simply not true! I have been a real estate investor since the age of 24. I decided that I wanted a change and I made it happen and so can you. So, let’s get to work!
You’ve found motivated sellers. Now all you have to do is find buyers. But you aren’t just looking for any buyer; you’re looking for cash investors. This is where your fee comes in. You are paid a finder’s fee by the buyer to find the deal.
A quick look at the math will demonstrate that purchasing for cash flow works. Let’s start with the purchase price. You decide to purchase a property for ,000,000. You deposit 0,000 as your down payment and earn a 10% cash on cash return on your investment. This investment will pay you ,000 in the first year and as the rent increases, so will your cash on cash return. Plus, while you’re holding the property, your 0,000 loan is amortizing or being reduced by your rental income. This means that you’re recovering your down payment while you pay down the debt.
That didn’t make any sense to me–to have competing stores next door to each other. However, when i began really looking at our retail areas, I saw that it was true. Shoe stores tended to flock together. Other types of businesses did, too. Some of that was regional, some was related to our own particular marketplace, but some businesses seemed constant, one of which was shoe stores.
When you buy off plan, you usually pay less than you would pay for a completed property. Developers have an easier time financing the construction of pre-sold properties, so it’s in their interest to sell off plan. This is – or should be – passed along to the buyer. When you consider any off plan investment, research the market for similar properties, and expect to pay less, as much as 25% in some cases.
To make it in the real estate invesment world you will need to learn many things and work with many people in the industry. No one can do this by them self and if you think you can, you better think again. Working with people is necessary if you want to succeed in real estate.
It might be too expensive to replace the carpets, but you can replace worn-out welcome mats and entrance rugs, and a carpet cleaning is relatively cheap. Repair small carpet damages, or cover them with furniture. You should be honest with potential buyers about these flaws, but this needn’t be the first thing they see. Remember: you’re trying to create a good first impression. Be sure to check the quality of wood beneath your carpet; you may discover a beautiful hardwood floor.