Archive for July 28th, 2009

House Flipping Tips On Keeping to your Real Estate Budget and Increasing Profits

Anyone looking into wholesale real estate will want to pick up a few house flipping tips to keep their costs down and profits high. In the house flipping game it’s all about how you set your budget and the final selling price of the home. So, with the aims of keeping you, the real estate investor, within budget here are several house flipping tips towards success.

* Hold out for the Right House

It’s possible to be so eager to get into wholesaling property that you buy the first cheap house you can find. House flipping is about more than buying a cheap house. It’s about finding the right cheap house. You want a property that is structurally sound, but needs a lot of cosmetic repairs. This way it won’t cost you a lot of money to invest in that property, fix it up and you’ll still be able to sell it at close to current market value.

Another house flipping tip to keep in mind here is to make sure you get a home inspector to look over the property you’ll be signing papers on. A home inspection can ensure that the property is structurally sound before you buy.

* Look for Houses in Need of Cosmetic Repairs

This was touched on by the first of the house flipping tips, but warrants further explanation. You’ll want to seek out wholesaling property that is in need of yard work and a good coat of paint. These are the kinds of repairs that a homeowner doesn’t want to do themselves, when moving out or moving in. Yet, they can greatly increase or decrease the value of a property.

Plus, new paint on the exterior, fresh paint on the interior and some yard work are all investments that can be done quickly and less expensively than major home remodeling or rehabbing.

* Avoid Mold!

Mold is a deal breaker. Recent news has made the average homeowner terrified of possible black mold in a home. Plus, it’s really hard to get out of a home once it shows up, meaning more time and expense.

When you see mold in a home you’re considering you may want to reconsider it. At the very least it’s bound to lower the price of the home.

* Figure your Cost and Double it

Basic house flipping tips say that you should always double your estimate for fixing up a property. Keep that in mind when figuring how much you think you can offer to buy a property and still come away with a profit.

No matter how accurately your contractors estimate the cost of repairs, something inevitably happens to increase the final price. So, doubling your repair budget automatically creates a buffer zone for wholesaling property. If you come in under that amount at the end, then its just more profits for you.

* Contractors take time

This isn’t so much a cutting costs tip as a warning. Most contractors have multiple jobs going on at once or backlogged. If you decide to just pick a contractor out of the yellow pages one day he or she may not be able to get to work on your house for a few days or weeks, maybe even months. So, keep this in mind if you have a property that will need major repairs or are running short on funds for carrying costs. It may be better once you get low on funds to just cut your losses on a property that still needs repairs by selling it as is.

* Make Realistic Improvements

A lot of investors wholesaling property make the mistake of going overboard in their improvements. They don’t take into account what homes in the surrounding area are actually selling for and so invest a more money than needed in a property. This can be in time, effort and especially money.

For instance, if no other homes in the surrounding neighborhood have miniature water features in the backyard, there is no need for you to add a miniature water feature to your homeowner’s backyard. It increases the price a lot, but also requires a lot of care on the part of the buyer and really only appeals to a certain select group of homeowners.

There are plenty of other house flipping ideas you can follow to keep those costs down when wholesaling property. In fact you’ll probably come across a few of your own private tips and ideas as you start flipping more houses. Hopefully, the above tips are a good start for your burgeoning real estate investor’s tool box.

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It Only Takes 15 Minutes To Buy And Sell A House.

Yes you can buy and sell a house in 15 Min or less. I know you are probably thinking that is some bull crap but give me a sec and I will tell you how I have done it many times and so have many other investors who have the right training.

This does not always work but if you have the system set up that allows this almost miracle happen then you might be shocked at how many times it will occur. Once you know how to find a deal then the next step is to have a auto responder set up online that you are collecting potential buyers email addresses in. The auto responder is just an online tool that allows this process to happen very easily and automatically. It is not hard to use but I am not going to go into the details on it in this article.

Once you have this started you can begin marketing and collecting emails, (bare with me please, this is not a step by step Just a general overview of the system) of buyers in your market. You then have the ability to email all your list of buyers at once.

Now that you have a buyers list and can contact them very easily with the press of one button. With this ability you go out and pick up a deal. I have called up a Realtor many times and got a list of foreclosures go to the property and spend 5 min walking through the property. I then called up the Realtor and made an offer. The next day I have was called and got a counter offer. We countered a couple more times and I got the deal. I basically spent 5 minutes total in that process. I then created an email and sent it out to my buyers list.

In less than 15 minutes from buying the property I have sent the email out and had it sold to a buyer and made ten thousand dollars on the deal. Amazing but absolutely true. I have done it and many other real estate wholesalers have done the same thing once they set up the system

Ok, for a quick summery of what you do. Find a deal, pitch it out to your email list that you have built very quickly with an auto responder online. Put the pics and details of the property in the email that you pitch out and wait for a buyer to respond with a contract. Its not real difficult when the system is set up right. See the resource section of this article to learn more about setting up this system.

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Web 2.0 Real Estate Marketing Is The Rebirth Of Real Estate

The new and improved web 2.0 real estate marketing method is allowing agents in the market the opportunity to flourish. This new source of advertisement steers away from the every day monody of the same old boring thing.

Everyone knows that the recession has hurt a lot of mainstream businesses. A business that suffered an immense amount of hurt was the real estate business. People simply are not interested in buying homes in fear that they are going to become unemployed at one point or another. So instead of buying a new home they are content with staying in their current home that they reside in.

Web 2.0 marketing is allowing people to get the opportunity of what different types of property are being offered around the world. This marketing technique works off of different social media sites such as Twitter, MySpace, Youtube and many more. It allows agents the opportunity to get in touch with people who are actually interested in purchasing a home.

The internet is becoming almost like the core of the world. Many people have found a way to make a profit through utilizing the internet for assistance. Presently there are millions of people who are involved in the social media sites that are shown on the internet all around the world. Therefore social media sites are the perfect opportunity to get your list of products out there to the world.

The internet is on a quest to slowly help rebuild the economy. The internet is actually doing a great job at what it is set out to do. It is allowing people who may have lost their employment the chance to get themselves back to work through their home or by other means. It is also helping people to be able to sponsor and advertise their business so they can inadvertently make enough money to support their family.

This new form of marketing has pushed the older and slower forms to the side. With the rate of over a million people a day signing up to be apart of social media sites the playing field for the real estate market has finally begun to grow. The market is longer confided to one particular area. They can showcase homes that they offer all around the world.

Social media sites are being called a new line to shift towards for all businesses that are trying to get more people to buy things or give services to. There are millions of people joining these sites on a daily basis, the clientele is there and waiting. The only thing you have to do is bring out the merchandise and people would be more then obliged to buy.

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Mountain lake front property

Big Bear Vacation Rentals – WonderfullyAffordable Way to Enjoy a …
Choose from over 300 beautiful Big Bear cabins and vacation rental homes, including eleven individual, fully equipped cabins on our Lakefront property at Shore Acres Lodge, Big Bear Lake, CA. From a romantic cabin to a luxurious 5 … Take a fishing trip to Big Bear Lake and catch your share of trout! The mountain lake offers fishing charters, boat rentals and tons of fish! Be sure to get the latest fishing report before your travels. Boating is excellent on the lake! …  read more…

Beach and River front Property in North Bali
… a breathtaking new luxury 4 bedroom beach and river front property in North Bali. The Villa, situated on 1.25 hectares of beautifully landscaped and maintained private beach gardens, offers stunning ocean, river and mountain views. …  read more…

MLS# 446144 Maggie Valley – Morning Glory Lane – Sheepback …
MLS# 446144 Maggie Valley – Morning Glory Lane – Sheepback Mountain Estates Subdivision -EMBRACE THE SCENIC VIEWS OF THE BLUE RIDGE MOUNTAINS. This chalet style home is located on desirable Sheepback Mtn in Maggie Valley. … Working with the agent whose name appears on the sign posted in front of a property is the wrong thing to do. Click to read Working With Real Estate Agents from the North Carolina Real Estate Commission. It explains how the agent on the sign …  read more…

From Google Blog Search

Geography Maps of Cyprus Help to Discover the Island
Cyprus has wonderful cultural heritage and wherever you travel you will find ancient monuments and sites, churches and monasteries bearing witness to over 9,000 bygone years. Geography maps of Cyprus …  read more…

Gainesville, Georgia�.the City of Excellence!
This relatively small city is a clean, well-educated, family-oriented and financially solid community. The Georgia Municipal Association named Gainesville a “City of Excellence.”

Gainesville is ri…  read more…

Lake Manassas – A Golfer’s Delight
Lake Manassas is a premier area for Golf and Country Club real estate boasting the Robert Trent Jones and the Stonewall Golf Club, and the Virginia Oaks Golf community.

The area also offers the ul…  read more…

From GoArticles.com

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Resolved Question: If you’re given a land property and you have three choices, what kind would you choose?
Equestrianne type with a mansion, stable, show jumping course, a small pond for your horse to drink, and 20 hectares of land with trees, forests, gardens, and mountains for you to ride your horse around.

Golf type with an 18-hole course, 2 grass tennis courts, a mansion, and a 1 hectare garden.

Waterfront type with your very own big lake, a mansion, and a 1,000 square meter garden.

Royal type with a very big mansion with a nice fountain in front of it, 1 hectare garden, 5 hectare of forests and a location besides the Windsors. (To illustrate the very big mansion, just think of the mansion/palace of the Rinaldi’s in the movie, The Princess Diaries 2)
Sorry. 4 choices. not 3. hehe
Pls. state your age and gender

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Resolved Question: Someone is mooring a sailboat in front of our property, obstructing our view. What can we do (or not do)?
This lakefront property has been vacant for a number of years, but now that we’ve purchased it, we intend to build our dream home there. We DON’T want to be looking at someone’s sailboat parked directly in our view across the lake at the Green Mountains of Vermont. Can someone give us some direction as to our rights??

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Resolved Question: How can i get my custom earth-sheltered Luxury housein Mesa ,AZ sold fast?
Hi ,
I have a luxury property in MESA,AZ .It is a custom earth sheltered home and majority of it is underground.It is horse property .But the realtors are not very much interested in marketing it and getting it sold as it is a rare kind of house in AZ.
The details of the property are as follows:—
I have a custom home to be sold at 759 G which is appraised at 850 G. The home is a custom home,earth sheltered, made of steel and concrete , custom hardwood floor with granite tops in kitchen ,toilets , fountain showers in the toilets , all fans remote controlled,digital dimmers ,plasma TV and a lot of more , chisseled granite tops , custom sinks and a lot more …………You must see it in person to appreciate the features that it is having because it is very much difficult to cover all it’s features in a few lines…
The house also has horse rights and has 1.25 Acre land along with it, the land in the neighbourhood is worth 300-350 G an Acre .

Apart from these there are indonesian artwork in the house .the other details of the property are as follows..
This is an unique home .When it was built the Maricopa County Officials sent Choppers to get it pictured !!!!!!!!!

It is unique of it’s kind .It has plenty of amenities in it …It is constructed of steel and concrete and also has a 42″ Plasma TV in it that is for free for the buyer.

Since the house is mostly under the earth it is extremely energy efficient.The details of the home are described as follows:

This home is a very unique property.

It is extremely energy efficient

It is an earth sheltered home

It is constructed of concrete and steel

It has recently been extensively remodeled and it is completely new from the floors on up

The lot is 1 acre plus

This property has horse rights and has no HOA

The home is 3100 square feet. It is a 4 BR/ 2.5 B with a loft. There is a 2 car garage.

There is also a 12′ * 12′ storage shed in the rear of the property. The front and back entrances are completely remodeled with granite.

kitchen—There are brand new stainless steel appliances throughout the kitchen. The kitchen also includes maple custom cabinets, as well as African Chesnut hardwood floors. The kitchen has granite counter tops, bar top and back splashes. The kitchen also includes a built-in pantry.

Bathrooms–The half bath on the main floor has a solid granite vanity and vessel sink. The 2ND bathroom has marble floors and travertine throughout. The shower features a soothing waterfall shower head.

The Asian-Zen master bathroom is truly amazing as it hosts an underground Indonesian rock waterfall in addition to a 320 gallon soaking tub. The Black Alor stone has been said to improve circulation. In addition there are slate floors, granite counter tops and granite vessel sinks with stainless steel faucets.

The den holds an amazing granite fireplace. In addition you will find a 42″ plasma screen T.V.

42″ PLASMA TV IS FREE !!!!!!!!!!!!!!!!!

A lot of other home improvement products are free
The property is landscape ready and comes with a $10,000.00 landscape allowance (with acceptable offer) which may be used towards the closing costs as well.

The one of a kind all-granite wrap around deck is a perfect place for entertaining or relaxing with the family.

It offers gorgeous mountain views and the perfect place to watch the sunset

INTERESTING FACTS:
This is truly a home ahead of its time. When it was being built in 1983 the local news channel sent helicopters to photograph and ran a story on it as it is was quite a head turner then and even more of one now due to the improvements and upgrades.

100% FINANCING IS AVAILABLE- the buyer will have an answer from the loan officer within 15 minutes and final paperwork is estimated to take no longer than 10-15 days.

Photos at [url]http://picasaweb.google.com/kishaloy.bhowmick/Eaarthhome[/url]

Also the property is located in the mountainside areas where there are a lot of custom luxury properties and it is just 10 mins away from the lakes…

Now can you guys suggest me ways in order to market the property .My company is transferring me to CA and this propoerty which has been my dream home is becoming a pain in the neck.

Can you suggest me anyway of showing it on Realty TV or something so that i can get rid of this asap.
The address is 1123 N 104th St ,Mesa,AZ

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There are a number of ways in which to commute to San Francisco during the workweek. These include commuter bus, bicycle, ferry and, of course, your car. To many people, one of the most impressive sights during their commute is the truly spectacular Golden Gate Bridge. A tidbit of information about the bridge is that when it opened in 1937, the San Francisco Chronicle called it a thirty-five million dollar steel harp. Information source: www.motorvista.com.

Many Californians find that driving ones own car is the most efficient option as the commute itself usually arent the only travel plans for a given day. A trip to the gym, a lunch date, and a business meeting or two are often part of ones schedule. Often, a taxi or public transportation, such as bus or a colorful cable car, will make these trips quite handily!

According to a Web site called Motor Vista, and the year 2000 Census figures, 86% of all commuters in Kentfield ride to work in a car. Those who commute to work from Kentfield typically spend forty-five to fifty-nine minutes getting there. And, of the estimated 2,757 workers living in Kentfield, an amazing 92% took the trip solo, meaning they didnt travel in the HOV lanes to get there faster.

Except for a chauffeured limo, Golden Gate Transit offers what some people might be looking for ” riding, not driving, from Point A to Point B in an air- conditioned motor coach, also known as a bus. While certainly not fancy, these conveyances are quite dependable and there are restrooms onboard.

During the week, this line runs frequently from 4:42 am to 9:03 am and from 2:56 pm to 6:56 pm. They take about one hour from either of the two stops in Kentfield to the Folsom and 7th Street stop in the City. Probably the only worry you might have during the heavy part of rush hour is whether youll be able to find a seat. To locate the schedules, just Google Golden Gate Transit.

Then, there is the Golden Gate Ferry, which offers services from Larkspur, which is less than two miles, or about five minutes, from Kentfield in normal traffic. Of course, one should expect it to take longer during rush hour. Parking is plentiful at the Larkspur Ferry lot.

The Ferry takes you across beautiful San Francisco Bay to the newly renovated Ferry Building on the Embarcadero, which is very close to the Financial District. The Ferry ride takes about half an hour and is a delight in virtually any weather, unless you decide to ride outside the protected areas of the boat. To locate the schedule, just Google Golden Gate Ferry.

For those enterprising and adventurous Kentfield bicyclists, the trip to the San Francisco Financial District can take even less time if you are a competitive cyclist. A detailed map of the bike path of the 22.9 mile trip may be found on the Web site www.bikely.com. But, remember, its safety first!

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Real Estate RSS Reader has turn out to be the pioneering way for money-spinning deals. If you glance the online market then you will find that many real estate investors and professionals are using RSS reader in their blogs or websites. That’s the reason RSS reader has become very common among all ages. This is the perfect medium by which a visitor gets in touch with your website or blogs.

That is the only reason that Real Estate RSS Reader are known for the right Internet marketing web machines. Think how nice it would be to make an online RSS reader that consist information related to your Real Estate business. This can be a nice way for real estate professionals to get on with their personal RSS reader to their website or a general diary know as blog.

The real motive behind the RSS reader is to the new form of Internet marketing that is reaching customers worldwide. Visualize how pleasing it would be to produce an online marketing method with RSS reader for your Real Estate business. This can be a picky approach for real estate specialists to be in RSS reader for their website or an universal record know as blog.

Real Estate RSS reader and its exceptional features will help visitors to know your property deals easily. By RSS reader you can put original depiction of your real estate business and its updated proceedings. It will help persons situated overseas and those are interested to travel in your country and wishes to buy a home. So, at that crest RSS reader gets initiated.

The previous form of promoting your real estate deals like placing ads in newspaper-classified pages have become valueless. The change of marketing strategy has changed the trend real estate marketing. That’s the sole reason for the up come of Real Estate RSS Reader. It’s 100% true that people are constantly finding out novel thoughts and method by which it can clutch the notice of the international customers.

All those old fashioned way of promoting your real estate deals have became insignificant. This revolution of marketing tactic has altered the drift of real estate marketing. That’s the solitary cause for the up come of Real Estate RSS Reader. Presently, people are continually discovering out fresh thoughts and techniques that can clutch the notice of the global customers.

For this Real Estate RSS Reader is the right technology to start with it. A RSS reader for real estate has brought real popularity as many peoples have adopted this as a choice to communicate. You can use a RSS Logo that indicated RSS is available. RSS Aggregators are basically divided into three parts and they are RSS Readers for Desktop, Web Based RSS Reader and Plug-in RSS Reader. You can get the detail help about these various RSS reader from an experienced Webmaster. As if you lack in that then they are perfect person who can help you.

Real Estate RSS Reader is the most ideal tool to promote your deals online and it’s genuine that you will get lots of profit with it. So get stated with Real Estate RSS Reader to increase web traffic.

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Tourism Helps Drive Coastal Luxury Real Estate Sales

Coastal luxury homes likely conjure up mental images of crashing waves on the shoreline and large oceanfront homes overlooking miles of beautiful beaches as far as the eye can see. Images like these have fueled the passions of many to own their own coastal homes while visiting a favorite coastal vacation spot.

Some of the most beautiful destinations for tourism are small historic towns and large urban cities along the Atlantic, Gulf, and Pacific coastlines of the USA. Markets like this help to drive the real estate markets for not only the immediate areas, but in some cases the entire state.

These resort towns are often are home to a real estate market that showcases a variety of new construction and older historic homes. These resort areas often tailor to those looking for quiet getaways from city life. Many are small fishing villages that are deep in historical significance.

If a large urban area is your liking, then of of the large urban hot spots like Miami, Florida is what you are looking for. New construction abounds in these areas with lots of choices including high-rise condos with beautiful views of the ocean and low maintenance living.

Recent years have seen the evolution of these coastal towns and urban areas in very different ways. Urban areas have created thriving investment atmospheres with vacation rentals forming a solid backbone for the real estate industry. While smaller towns struggle to maintain their sense of history and independence through zoning ordinances that put restrictions on commercial construction.

Final Remarks

If you feel it is time to own your own home on the ocean, try contacting a local real estate professional for a list of current homes for sale.

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Guide To Selling a River Condo

The art of selling a riverfront condo is much the same a typical riverfront home sale with a few differences. The process of creating curb appeal is much more centralized in the case of a townhome style condo and virtually non existent in a high-rise or low-rise situation. One bonus to this is that fact that it frees up a large amount of time for you to spend on detailing the interior of your condo.

It is important to create a warm and welcoming environment within your condo. Most river condos are smaller than the average As most riverfront home, which makes it very important to make the most of your available space. Give the condo a good cleaning, remove any clutter, and pack up any personal belongings you want need. This is allow you to maximize the limited space you have.

Another good idea is to have as much information as is available about the building and it’s management for the visitors benefit. Buyers will be more confidant about purchasing your condo if they know about the people and companies involved in the day to day operations of the complex.

After you’ve cleaned your riverfront condo, it’s time to stage your condo. If your condo has any unique architectural features they should be featured prominently. If your condo has a great view of the river, stage your home in a way that the river becomes the focal point of the room.

If there is a balcony make sure that is too is organized and uncluttered. Also ask your realtor if there are any little things that you can do to improve the show quality of your condo. You never know what will catch someone’s eye, so try to cover all the bases!

In Closing

When your agent offers you any advice, remember they have your best interest in mind. It’s their job to help you get the most out of the sale at closing.

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Mold In Your Home

When purchasing a new home, buyers ask about the condition of many items such as the electrical, plumbing, roof, HVAC, and the foundation. Many never ask about mold, which is quickly becoming of the major causes of needed home repairs or renovations.

There are a lot of different types of mold that can happen in a house and lead not only to structural problems, but many health concerns as well. Mold is hard to locate in many houses as it develops solely in dark and damp areas that are commonly concealed somewhere in the structural areas of the home like attics, crawl spaces and basements.

By the time mold shows up in the visible living areas of the home, chances are the structural members of the home in that are consumed by mold. At this point the only option is the completely remove the affected structural parts of the home and replace with new materials.

The most likely places for mold to form are anywhere that moisture is improperly vented. Potential problems would also occur if the home became flooded and was not completely or properly cleaned and dried after. Leaky plumbing from kitchens and bathrooms and damp basements are other likely candidates.

When an inspector checks your home, he may use a moisture meter or a thermal imaging camera. Tools like these allow the inspector to find moisture problems that may not be visible with the naked eye. If moisture levels of 20% or higher are discovered in the home mold could be present as this is an ideal situation for mold to grow.

Final Thoughts

If you feel your home is home may have mold, or has had mold in the past, it would be wise to have a certified mold inspector inspect your home once a year. This proactive measure will allow you to save money on by avoiding repair costs and will help keep you family healthy.

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Preserving The Roof Covering Of Your Coastal House

Algae is one of the leading causes of roof damage and shingle deterioration. As green and black algae forms on your roof, it shortens the lifespan of the shingles leading to premature roof replacement. Coastal houses are very vulnerable to roof problems due to factors that inland houses do not face like salt air and ocean breezes.

Is Fungus Safe

Fungus is an algae that is dark brown, green or black in colors and causes streaking on roof shingles. At times these streaks are thought to be things like soot, dirt, or moss, which is usually a mistake. Areas that are warmer with high humidity levels are more likely at risk. This makes coastal houses a prime target for algae accumulation on coastal roofs.

Cleaning Verses Replacement

Methods of cleaning can cause unneeded wear and tear to your shingles. Fortunately, some of the latest shingles come in an algae-resistant version, alleviating unsightly streak and maintenance hassles. For example, many of CertainTeed’s asphalt shingles are available with the algae-resistant Streak-Fighter feature. The company indicates that a specific raw material protects its Streak-Fighter shingles from the streaking and discoloration of airborne algae. Look for it on the company’s wood-shake and slate-style shingles.

In Closing

Check your roof regularly for steaks from algae. When you see they are starting to develop, it’s time to get it cleaned. Purchase a roof cleaning product to clean your roof or hire a roofing professional who can do this for you. When it becomes time to replace the roofing shingles, check out your options for a shingle with algae protection.

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