Archive | October 2013

The Key to More Profitable Deals

Rich Dad Education - Real Estate Blog

Real Estate

Finding Real Estate Deals

There is a key ingredient that is necessary for you to have more profitable deals as a real estate investor, and that key is probably something different than you think! While there are many things that you could do to increase your profit per transaction, there is one item that makes it happen for every investor…

It is all about the leads!

More leads will equal more deals and more money per transaction. The more leads you have, the more selective you can be about the deals you do and how much money you make per deal. Everything starts and ends with your lead flow.

So, how do you increase your lead flow? Well, let’s compare your real estate business to something else.

For the moment, imagine that your real estate business is a train. Trains are one of the most reliable methods of transportation. They…

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We Help Everyone Even Koala Bears!

We Help Everyone Even Koala Bears!

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Don’t Be Afraid To Ask For Our Help

Don't Be Afraid To Ask For Our Help

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The Value Of Outdoor Upgrades

 

 

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Creating a Lease

Rich Dad Education - Real Estate Blog

Rental Lease Agreement

Do You Know How to Create a Lease?

You found people to rent your property, and you had them fill out your Lease Application. They met your criteria, and the verifications all checked out.  Now it’s time to present the Lease or Rental Agreement.  In some states, rental agreements with a term of 12-months or more have to be in writing in order to be enforceable.  Does that mean it’s possible to forgo the written agreement for terms less than one year?  Possible, yes.  Prudent, no!

If you and the tenant have a verbal agreement and each remembers and holds up to what they agreed to, there would not be a problem.  However, without the signed, written terms, how would either party prove what was agreed to when standing in front of a judge over a dispute?  In the absence of a written agreement, a judge would decide based on…

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Wholesale Or Rehab?

In this video, you will learn about wholesaling and rehabbing and when will be the right time for each option.

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The 1 Thing That You Shouldn’t Say When Selling Your Home

The 1 Thing That You Shouldn't Do When Selling Your Home

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Who Is Barbara Corcoran?

Shark Tank

Barbara Corcoran is one of largest real estate players in the country. She has built her real estate empire out of New York City starting as a waitress in a diner. She borrowed $1,000 from her boyfriend and used it to start their own real estate firm. She started out working with her boyfriend as a rental agent as he had the controlling portion of the company, until she realized the potential in sales. They switched to a sales-only firm when her boyfriend and partner left her.

That is when she started the Corcoran Group, NYC’s first woman-owned real estate firm.  Her firm became the top rated firm in the city, which is when she then sold her firm for $66 million.  Today, she is best known for her time on the Today Show and Shark Tank where she uses her money to help others trying to reach the top as she did.  She is the classis shark, ruthless and determined. She is also successful, and a nationally known real estate icon. It all started with a loan and one property.

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Where is My Basement?

Basements used to be viewed as cold, dark, and scary until some people began to get creative and turned their basement into extra living space. Originally basements were built, mostly in northern homes, for pipes to go through to prevent freezing. Homeowners began to take advantage of them to create extra living space for TVs, games, extra bedrooms etc. This began a “finished basement” craze across the country as more and more people shopping for homes wants a luxurious finished basement. Most people nowadays do not just want basements, they want finished basements.

What people are finding out is that not all homes even have a basement. Why? This is due to a few different factors. In many areas, it is due to the clay and soil underneath the house that would eventually cause foundation problems. In many parts of the country, there are things like sinkholes or clay or soil that is so soft that a house begins to sink anyway. This can cause homes to tilt or even basements to crack. In others, it is due to the elevation and water levels in the area, so not having a basement prevents flooding. This goes the same with sandy soil. These types of areas make basements impractical or in some cases, dangerous.

If you are looking for a house with a basement, do not just assume that your desired city has them. Make sure you are finding the right fit for your needs and desires, not just in location, but in your home.

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International Real Estate

In the past, we have discussed the best places to invest in vacation homes in the United States. There are many people out there who look to get out of the country.  Buying real estate internationally, whether it be a home or a lot, can be done for a number of reasons. Some do it for their own leisure while others do it as an investment and rent the property out to others for profit. If you choose the right location, no matter what your reasoning, it can be a profitable investment.  The following international markets provide rising prices for higher re-sale value or high rental market prices for you to invest in wisely. Here are the top five:

Ecuador’s North Coast – Provides low list prices with higher rental prices and a rising appreciation.

Tulum, Mexico – Best appreciation potential with no sticker price shock.

Costa Rica’s Southern Zone – Low prices and still unknown to most.

Las Terrenas, Dominican Republic – Lots of value for your money and also great re-sale values with an average or 8%!

Iracema, Brazil – Great rental prices with low purchase prices brings in great income as this area is a hot tourist area.

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