|Real Estate Information|
Real Estate Investing in Rentals - the $10 Million Real Estate Investing Mistake
Renting to tenants is no longer "where the money is" for real estate investing. I became a multi-millionaire landlord in the 1980s by buying $10 million in rental houses. Yet, I consider this real estate investing approach the biggest mistake in my real estate investing career. I call it my "$10 Million Mistake."
Back then, real estate investing in rentals was buying a house, renting it to tenants for a rental fee that covered the mortgage, and waiting for an increase in value. Interest rates were as high as 25%. Inflation was rampant. You could buy a house, and it would almost double in value in 10 or so years.
Boy, have things changed in real estate investing! Interest rates have recently been the lowest in 46 years. Inflation is flat. The same rental house in some areas is appraising for less today than it appraised three years ago. The major profit to real estate investing in rentals is the pay-down of the mortgage by the tenant. Otherwise, profit comes from the difference between the rental fee and the mortgage payment.
One month vacancy per year, which is not uncommon, might convert into an annual investment loss, even if (1) tenants don't leave owing rent, (2) the property is not damaged, or (3) repair cost is negligible. All of these possibilities are very unlikely.
One month vacancy per year can eliminate usage profit for the year. Spend your time on fix up repairs, even part time, and you go more in the hole. How much you lose depends on how much your time is worth.
Real estate investing is intended to be profitable. Vacancies, repairs, and time expenditure might mean you are only making a donation to the great cause of improving the nation's housing. The scenario changes if the mortgage is negligible and note payments are significantly less than rents. But the beginning investor does not often create this situation.
Fixing up properties for resale is a better venue for real estate investing today. Go a step beyond the norm, and learn how to help a renter get financing for your fixed up house. Go another step by converting a junker into a "Dream House," and you will attract prospects to your property like bees to honey. Turning a "Plain Jane" into a "Doll House" demands extra work, but attracts better quality buyers. Real estate investing is extremely profitable, but your choice of real estate investing venue is critical to optimal profitability.
Phil Speer, Ph.D., started his real estate investing career 25 years ago. Without the availability of credit and using only a $10 bill, he purchased $1 million in properties in his first year, and had accumulated $10 million in properties by his fourth year. He was featured in a Wall St.Journal editorial as most successful investor in the Nothing Down Real Estate Movement, and was honored with a Caribbean cruise as top investor of the year. In his hometown of Nashville, Tennessee, he has been a businessman and Human Resources Consultant for 30 years. He is an author, speaker and seminar director. To learn how to profit in real estate investing, even without cash or credit, read his report at http://www.CashinHouses.com/. Subscription is free to his Fix-up Ezine. He and other contributing authors provide free articles and resources on real estate investing at his online "Academy of Advanced Real Estate Investing Techniques" - http://www.AAREIT.com/.
Dubai's real estate activity is 'impressive' despite the virus, property developer says following fall in sales - CNBC
Dubai's real estate activity is 'impressive' despite the virus, property developer says following fall in sales CNBC
Pandemic no match for Lincoln real estate market Lincoln Journal Star
The Investor | How China's biggest cities are catching up in real estate transparency - The Investor JLL
The Investor | How China's biggest cities are catching up in real estate transparency The Investor JLL
REAL ESTATE TRANSACTIONS Arkansas Democrat-Gazette
What's Next: In real estate, worst fears haven't come to pass — so far Crain's Detroit Business
Natixis Names Americas Real Estate Co-Heads ConnectCRE
Basalt real estate group purchases bankrupt Lakota Canyon Golf Club - Glenwood Springs Post Independent
Basalt real estate group purchases bankrupt Lakota Canyon Golf Club Glenwood Springs Post Independent
Real estate records, 8/9 | Real Estate Records | journalstar.com Lincoln Journal Star
Commercial real estate highlights Richmond.com
Here are the latest real estate trends in Lewisville-Highland Village-Flower Mound - Community Impact Newspaper
Here are the latest real estate trends in Lewisville-Highland Village-Flower Mound Community Impact Newspaper
Real Estate Briefs: Broadstone Upper Westside; Coldwell Banker Realty; Gary named top agent - Atlanta Intown
Real Estate Briefs: Broadstone Upper Westside; Coldwell Banker Realty; Gary named top agent Atlanta Intown
RPT-Wall St Week Ahead-Bargain-hunters look to U.S. real estate stocks as S&P nears records - Reuters
Lake Tahoe real estate brokers see wave of home buyers from big cities KTXL FOX 40 Sacramento
Orr joins United Real Estate Solutions Sioux City Journal
The Investor | Watch: How global real estate markets felt the impact of COVID-19 in H1 - The Investor JLL
The Investor | Watch: How global real estate markets felt the impact of COVID-19 in H1 The Investor JLL
Real Estate Guide: See This Affordable 3/2 in Baker Ranch San Angelo LIVE!
Real Estate Q & A | Real Estate | gjsentinel.com The Grand Junction Daily Sentinel
Zillow CEO: Real estate market is beginning 'great reshuffling' as people seek more space at home - CNBC
Zillow CEO: Real estate market is beginning 'great reshuffling' as people seek more space at home CNBC
La Crosse County real estate transfers for Sunday, August 9 La Crosse Tribune
June 2020 Real Estate & Rental Report: Impacts of Pandemic Beginning to Show in Rental & Sales Markets - evilleeye.com
June 2020 Real Estate & Rental Report: Impacts of Pandemic Beginning to Show in Rental & Sales Markets evilleeye.com
Are New York's real estate agents perpetuating inequality? Crain's New York Business
Longmont-area real estate, commercial deals; Aug. 9, 2020 Longmont Times-Call
L.A. could cancel real estate projects tied to corruption Los Angeles Times
Condo in Hammock Dunes the top real estate seller Palm Coast Observer
Real Estate Booming in Ocean City OCNJ Daily
Routt County real estate sales total $22M for July 31 to Aug. 6, 2020 Steamboat Pilot and Today
COVID-19 is Puzzling Work For Real Estate Lawyers Commercial Observer
Paso Robles real estate company hosts back-to-school shopping spree for children in need - KSBY San Luis Obispo News
Paso Robles real estate company hosts back-to-school shopping spree for children in need KSBY San Luis Obispo News
BREVARD REAL ESTATE REPORT: Homeownership Rate Continues to Rise in 2020 Despite Challenges - SpaceCoastDaily.com
BREVARD REAL ESTATE REPORT: Homeownership Rate Continues to Rise in 2020 Despite Challenges SpaceCoastDaily.com
Recent Commercial Real Estate Transactions The New York Times
Investors buy more San Jose real estate after Google village deal The Mercury News
New real estate developments in the city aren't dead, a report from Development Site Advisors says - Crain's New York Business
New real estate developments in the city aren't dead, a report from Development Site Advisors says Crain's New York Business
LA Could Kill Developments Tied to Corruption Under New Proposed Ordinance Commercial Observer
Janet Powers joins Rosendale Realty | Real Estate MyEasternShoreMD
Getting Ready: How Hurricane Season Can Affect Real Estate Transactions | Daily Business Review - Law.com
Getting Ready: How Hurricane Season Can Affect Real Estate Transactions | Daily Business Review Law.com
Real-Estate Agents Feel the Heat The Wall Street Journal
Forfeiture Sought for $70M in US Real Estate Tied to Ukrainian Oligarchs | Daily Business Review - Law.com
Forfeiture Sought for $70M in US Real Estate Tied to Ukrainian Oligarchs | Daily Business Review Law.com
Who's Who in Residential Real Estate 2020 Buffalo Business First
Top 10 Brooklyn Real Estate Listings: A Secret Garden in Gowanus, a Roomy Condo in Cobble Hill - Brownstoner
Top 10 Brooklyn Real Estate Listings: A Secret Garden in Gowanus, a Roomy Condo in Cobble Hill Brownstoner
SmartCentres Real Estate Investment Trust (CWYUF) CEO Peter Forde on Q2 2020 Results - Earnings Call Transcript - Seeking Alpha
SmartCentres Real Estate Investment Trust (CWYUF) CEO Peter Forde on Q2 2020 Results - Earnings Call Transcript Seeking Alpha
Real Estate Asset Tokenization: What You Need To Know Yahoo Finance
Real Estate and Title Recordkeeping Platform, Ubitquity, to Create Solution for Issuing Blockchain based Tokens Representing Property Titles for Rainier Title - Crowdfund Insider
Real Estate and Title Recordkeeping Platform, Ubitquity, to Create Solution for Issuing Blockchain based Tokens Representing Property Titles for Rainier Title Crowdfund Insider
Real News | Real Estate | gjsentinel.com The Grand Junction Daily Sentinel
Feds investigating massive suspected Marin County Ponzi scheme involving dead real estate investor - San Francisco Chronicle
Feds investigating massive suspected Marin County Ponzi scheme involving dead real estate investor San Francisco Chronicle
Largest real estate transactions in Dauphin County in first half of 2020: school, nursing home and hotels swi - PennLive
Largest real estate transactions in Dauphin County in first half of 2020: school, nursing home and hotels swi PennLive
Commercial projects taking shape across the Grand Valley The Grand Junction Daily Sentinel
“Blank-check” companies make a comeback in real estate The Real Deal
Ares Commercial Real Estate Corp. (ACRE) CEO Bryan Donohoe on Q2 2020 Results - Earnings Call Transcript - Seeking Alpha
Ares Commercial Real Estate Corp. (ACRE) CEO Bryan Donohoe on Q2 2020 Results - Earnings Call Transcript Seeking Alpha
Foreign buying of American real estate plunged before the coronavirus pandemic — and experts say it’s only going to get worse - MarketWatch
Foreign buying of American real estate plunged before the coronavirus pandemic — and experts say it’s only going to get worse MarketWatch
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Real estate transactions: Aug. 5, 2020 The Recorder
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REAL ESTATE TRANSACTIONS: Week of July 27 – 31 Martha's Vineyard Times
Real-estate transactions: Aug. 7, 2020 - News Peoria Journal Star
Real Estate Transfers: Aug. 9, 2020 | Records | messenger-inquirer.com messenger-inquirer
Real-estate reckoning on ‘master bedrooms’ as a racist term took place after years of discussion — yet many home builders dropped the term years ago - MarketWatch
Real-estate reckoning on ‘master bedrooms’ as a racist term took place after years of discussion — yet many home builders dropped the term years ago MarketWatch
How to Navigate the Coronavirus Real Estate Market The New York Times
The Jersey Shore real estate market is sizzling during coronavirus crisis. Here’s how fast houses are selling. - nj.com
The Jersey Shore real estate market is sizzling during coronavirus crisis. Here’s how fast houses are selling. nj.com
Governor Cuomo Signs Legislation Giving State Authority to Revoke Real Estate Licenses Under Violations of Human Rights Law - ny.gov
Governor Cuomo Signs Legislation Giving State Authority to Revoke Real Estate Licenses Under Violations of Human Rights Law ny.gov
How to Choose the Right New York City Suburb The New York Times
Real Estate Staying Strong InvestorPlace
Poconos real estate market heating up WNEP Scranton/Wilkes-Barre
How to Make a Buyer Fall in Love with Your Home
If you are thinking of selling your home, there are a number of things you can do to improve the "showability" of your home. But first, let's look at your home through the eyes of the buyer.
Setting Goals for Real Estate Success
The power of goal setting has been well documented and communicated so before you skip over this point because you've heard it all before I'd like you to consider how well you are doing it. I'm a firm believer that you don't truly understand something until you are doing it.
Crossing the Gap from this Home to the Next: Bridge Loan
So you're thinking of getting into a bigger house. You call up the real estate agent and make an appointment to go see what the market has to offer.
Choosing a Realtor
Purchasing a property, either as an investor or as a prospective homeowner can be one of the most exhilarating and frightening experiences of your life. In both situations it is imperative that you find just the right property at the right price.
What are the Elements in Real Estate?
Each element has a specific color associated with it. Because color (light) vibrates and is such a high frequency, it immediately lifts the "energy vibration" in our listings.
Selling Houses Fast: Basics of Design & Color Psychology
Fixing up houses to ready them for sale includes a design plan for needed changes. Save money on transformation costs by choosing design details right the first time.
FSBO: For Sale By Owners Chapter IV [part 1]
Like a monarch, Red Haring reigned in the deep leather seat of his KenWorth cab-with its king-size sleeper. The 400 horsepower Caterpillar diesel engine droned apathetically as Red downshifted for the parking lot to his favorite Boise, Idaho roadside diner.
Maui Realtors: What You Need To Know
Maui is a great place for families of any size. However, before you plan a move to Maui and contact those Maui Realtors, there are some considerations that you should take care of.
Do Open Houses Work?
What are the odds that you'll find your dream at a Sunday open house? What is the likelihood that your home will sell at an open house? Open houses are an integral part of the home sale business. But, do they work?There are two types of open houses.
The Secret to Maximum Real Estate Profits: Lighting
Lighting is the most important detail of interior Design Psychology for selling houses. Lighting influences a prospective buyer's feelings within a space more than any other interior design element.
Real Estate for Beginners: Residential Property Taxes
Whenever you own a piece of land, you will be taxed for it. Whether it is commercial property or residential property, there is still a tax to pay, whether it is for a village, town, city, county, or state.
Fixtures, related to real estate, are items that were originally personal property but are now attached to the property itself. This becomes the toughest issue when tenants attach fixtures to a property.
Using Transformation Psychology to Sell Investment Properties
Satisfying and lucrative real estate investment depends upon your correct assessment of profit potential, of course, but your ultimate success depends on your ability to transform a doghouse into a dollhouse. The renovation process involves physical work and choosing the best supplies, in order to create maximum positive emotional effect and profits.
Horses In My Back Yard
Horses In My Back Yard by Jody Hudson, with Extensive Collaboration From Chris Hudson HORSE LOVERS: During my thirty years of selling rural land, I have frequently found that folks want some acreage so that they can own and ride horses. They LOVE horses in their own mind but have little if any of the real knowledge or experience necessary to raise one or more horses.
According To Sellers, Silence Isnt Always Golden'
When trying to sell a home, silence isn't always golden especially when you're expecting your real estate agent to call. In fact, it's one of the leading complaints among sellers in the real estate market.
Real Estate Season is Here
Yes, it has finally arrived. This is the time of year when the MLS or Multiple Listing Services go up like crazy in all most every city, town and village.
Where is Florida Investment Property
Florida Investment Property - Why Investing is a Wise DecisionThere are many reasons to purchase investment property in Florida, the foremost being value appreciation. Property values generally rise while debt decreases; making real estate purchases a good investment.
Buy FHA HUD Homes
FHA HUD homes are those dwellings that have been acquired by the United States Department of Housing and Urban Development (HUD). The HUD oversees the Federal Housing Administration (FHA), which offers federal insurance on home mortgages.
Selling Investment Houses: Psychology of Mirrors
Discover new interior Design Psychology strategies to increase your real estate profits. One technique, using mirrors as props for staging houses helps you sell your investment properties for more money, and fast.
Get Rich With Mobile Homes
Does the myth that mobile homes depreciate in value keep you from investing in them? Well, they do lose value in a park, on a rented lot. Mobile homes with real estate, however, are an entirely different investment.
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