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Real estate investing: 5 tricks to make it big

Real estate investing is one of the most attractive ways of making good money (that is if you do it correctly). Moreover, it's also a lot of fun. A lot of people practice real estate investing as their core profession and, in fact, make a lot of money that way.

Real estate investing is really an art and, like any art, it takes time to master. The key, of course, is to buy at a lower price and sell at higher price and make a profit even after paying all the costs involved in the two (buy/sell) transactions. Generally, people are of the opinion that real estate investing makes sense only when the rates are on the rise. However, real estate investing for profits is possible at just about any time (and as I just said, real estate investing is an art). Here is a list of tricks that can make real estate investing profitable for you:
  1. Look for public auctions, divorce settlements and foreclosures (bank/FHA/VA): Since quick settlement is the preference here (and not price), you might get a property at a price that is much lower than the prevailing market rate. You can then make arrangements to sell it at the market rate over a short period of time. However, make sure that the property is worth the price you are paying.
  2. Look for old listings: The old listings that are still unsold may provide you with good real estate investing opportunities. Just get hold of an old newspaper and call up the sellers. They might have given up hope of selling that property at all and with a bit of negotiation you can get the property for a really low price.
  3. The hidden treasure: A really old (and dirty) looking house may scare off buyers. But this might be your chance for an investment that can yield good profits. So, explore such properties and check if spending a bit on them can make them shine. You can get these at very low prices and make a big profit in a short time.
  4. Team up with attorneys: There are a number of attorneys who handle property sales on behalf of sellers or in special circumstances (like the death of the property owner). They might sometimes be looking to dispose of the property rather quickly and hence at a low price. Be the first one to grab such opportunities and enjoy the profits.
  5. Keep tabs on newspaper announcements: Property sell-offs due to deaths, divorce settlements, immediate cash requirements and other reasons are frequently announced in local papers. Keep track of such avenues.

It takes practice and knowledge so don't be discouraged if your first attempt doesn't work out.  Learn from your mistakes and persevere, and you WILL succeed.  And find out more about overseas property investment - the MOST exciting type of real estate investing!



Buying Properties Abroad



Real estate investment is about finding good deals

Real estate investment is often treated as one of the best ways of investing money. However, what you are looking for is not just any real estate investment, but the kind that can give you good returns. By real estate investment we mean investing money into property i.e. buying property at a low price and selling it at a higher price so as to make a profit out of it. So the most important part of good real estate investment is to get hold of properties which can give you good returns. Now, how can you get these potential profit-making deals?

Your first avenue for finding good deals is the local newspaper (the property newspaper).  Just search for properties that are listed directly by the owners who want to avoid paying commission to the real estate brokers. Since the owner is saving on the commission that they would otherwise have to pay to the broker, they would probably be able to offer a lower price to you and be more open to negotiations. You could also place your own ‘wanted’ ad in the local newspapers.  On the same lines, you could use the internet to search for real estate investment avenues. In fact, you would be astonished by the number of real estate investment opportunities you are able to locate on the internet. Not only that, searching for these opportunities (i.e. property for sale) is much easier on the internet than anywhere else.

Another good way to hunt for real estate investment opportunities is by using the services of real estate brokers. Some people use real estate agents as their first (and maybe their only) touch point for getting real estate investment opportunities. The real estate agents act as an information hub for people looking to buy property. In fact, a lot of sellers find it much more convenient to sell their properties by listing it with real estate agents.

The multiple listings service is another good way to find real estate investment opportunities. Since the multiple listing book is provided only to the real estate agents and not to the general public (unless you are very lucky), all the cream would have already been taken before you get to see the book. The key here is to look for expired listings that didn’t get converted to a deal.

Another good way to get a property that is a good real estate investment is to look for foreclosures by banks/VA/FHA, attending public auctions or visiting Foreclosure.com. You can generally get a good deal here. Divorce settlements are another good real estate investment opportunity. And find out about overseas property investment - the most exciting type of real estate investment!

So, real estate investment is really about finding good deals. And finding good deals does take some effort.  But it is SO worth it!