- Phoenix US-AZ
In today’s recovering real estate market, increased demand has resulted in a steady rise in home prices. As such, buyers have found unexpected competition in many regions throughout the country. Here is a quick list of tips to help buyers thrive in the 2014 real estate market. Repair your credit: In the face of competition, sellers often select offers on the basis of good credit and preapprovals. By smoothing over any rough patches in your credit reports, you can obtain a prequalification letter and hopefully get the inside track on your bid. Avoid lowball offers: In recent years, low demand allowed buyers to submit lowball offers and take advantage of their leverage. As the balance of power swings back to the seller, lowball offers are often eliminated without further inspection. As such, buyers should respond to counteroffers promptly and avoid dragging out the negotiation process. Ask important questions: In the world of real estate investment, there are many things sellers do not have to disclose in their listing. To avoid unpleasant surprises, be sure to ask about considerations such as nonresidential construction in the area, structural weaknesses, and noise pollution.
To create a career in real estate investing, people can choose to follow many different paths. For the most part, the decision on which direction to take depends on the individual’s level of dedication and the amount of time available to pursue investments. Regardless of the direction chosen, three resources exist that will prove invaluable to novices and experienced investors alike. First, those interested in real estate investing should register for an account at DeanGraziosi.com, a website that offers weekly words of wisdom along with a wide range of other resources. In addition, aspiring investors should acquire a copy of 30 Days to Real Estate Cash, a book in which Dean Graziosi offers a comprehensive guide to real estate investing in clear, simple terms. Those with no prior knowledge can use this resource to launch their career in less than a month. Third, persons with a serious interest in the field should look for a free Dean Graziosi event in the area. Information about upcoming events is available on Dean Graziosi’s website. For people who want to give an extra boost to their career, the Dean Graziosi Insider Elite website provides access to all of the real estate expert’s books as well as daily authoritative guidance and an incredible number of tools and products for targeting and securing investments.
Dean Graziosi offers a variety of different training events depending on the individual skill levels and goals of participants. One of the most popular events remains the Preview, a free program that allows novices to hear from successful real estate investors. These success stories describe investors’ personal experiences of what brought them to their careers in real estate investment, before delving into the specifics of their own strategies. Students learn how they can adapt these strategies to their own situations. After the free Preview, many individuals register for the Three-Day Workshop. This weekend event focuses first on how to adopt a winning mentality. Success depends in large part on believing in oneself, which affects both attitude and behavior. With a new outlook, attendees then learn about time-tested investing strategies and discover how to integrate these strategies into their own investment activity. The event includes a one-on-one session with a personal consultant, during which new investors can raise concerns about their investing future. Beyond these two events, those interested in continuing their education can opt for the Boots on the Ground program or one of several in-depth investing boot camps.
For those with busy schedules, a number of on-demand training options are available from DG Magazine that allow individuals to learn on their own time. At present, four courses are offered. One focuses on seller financing and features a number of prominent real estate professionals who discuss certain processes related to financing. These include selling notes, qualifying a buyer, and entering and exiting a deal. A second course highlights strategies for obtaining cash flow. This intensive session looks at various lease options, such as sandwich leases, as well as special considerations when dealing with particular types of property, including mobile home parks and commercial property. The third online “boot camp” deals with methods for obtaining cash quickly, namely flipping properties. To flip a property successfully, individuals must understand how foreclosures and short sales work for different kinds of property. This course provides all the information necessary to begin this process. The fourth on-demand training option teaches individuals the ins and outs of becoming a rental property investor and discusses how to manage properties most effectively in today’s market. In the course, top real estate professionals explain all the important details, from landlord-tenant laws to contract writing.
While many people dispensing advice to real estate investors have not been active in the market for years, Dean Graziosi practices what he preaches and shares the results, allowing potential students to see for themselves how well his techniques work. On his website, he has documented more than 400 of his real estate deals. Many of Dean Graziosi’s recent deals have occurred in markets in Alabama and Missouri. In Kansas City, for example, his company KC capital, LLC, has been focusing on smaller homes and pursuing a turnkey property investment strategy. On a 1,152-square-foot property on Smart Avenue, the company recently purchased a three-bedroom home with an established rehabilitation cost of between $10,000 and $35,000. The company also completed deals on homes of similar sizes and rehab costs on North Quincy Avenue and North Bales Avenue. In Alabama, Graziosi’s company DM equity, LLC, has been pursuing slightly larger homes that have the same rehab cost profile as his purchases in Kansas City. Some of the transactions have followed the entrepreneur’s tried-and-true 25:1 purchase strategy, which maintains that for every 25 offers a buyer makes, one sale occurs. Other closings have followed his wholesale strategy. To learn more about Dean Graziosi’s investment and purchasing strategies and to see his recent deals, visit DeanGraziosi.com.
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