Best Way To Get Started In Real Estate Investing

When you’re just getting started with a new business venture, particularly those that revolve around skilled investments such as real estate, you have a tendency to make a great deal of errors.

Most people who develop an interest in real estate investment end up looping from one mistake to another for years, even after devouring lots of ebooks, videos, and training courses on the subject.

What is the missing link stopping most wannabe investors from attaining financial freedom with real estate investments? Why do some people achieve massive success while others see not even an iota of success?

Reasons Why Ebooks And Courses Only Serve To Confuse You

Some weariless investors have been able to get started on their own and make lots of money, but they are the exception. When you find yourself failing constantly, what you need is a real estate coach.

Electronic books and training courses drag you in various paths, but a real estate coach sets you on the right course to success. You gain extensive information from their experience, and through their training, you are able to focus on a single goal at a time, which is critical to success.

They can also recognize errors you’ve overlooked and guide you on what to do as an alternative. It’s like they’re an instructor, gripping your hand and telling you exactly what to do. With that kind of support, your chances of success rise significantly.

The Only Real Estate Mentoring Program I Recommend

You’ll discover many real estate coaching programs online, all with similar claims of helping you turn into a six-figure realtor in as little time as feasible.

All of these programs are obviously expensive, so choosing the best one is of crucial importance. Choose the wrong one and you’ll probably wind up regretting losing time and money you simply cannot really recover.

I’m a successful realtor, and I obtained my training from my mentor, Phil Pustejovsky. Phil Pustejovsky owns the Freedom Mentor Apprentice Program – a program that shows you the ropes on how to accomplish financial freedom in real estate. Here are some Freedom Mentor Apprentice Program reviews to help you guage the effectiveness of the program.

The Freedom Mentor coaching program is not a program you can just buy whenever you wish. You need to put in an application first, and you’ll only be accepted to the program if your request is approved.

The actual fact that Phil Pustejovsky screens applications goes to show how much he wishes you to be successful. He’ll solely accept coachable, action-oriented, and positive thinking applicants.

Phil was once an apprentice as well. He started from rock bottom and only began to achieve success right after he met his mentor, Tom.

Ever since, he has been able to close tens of millions of dollars worth of transactions while netting millions of dollars in profits during the process.

If you think Phil’s knowledge will have a positive impact on your real estate venture, then you need to give undivided attention to the next paragraphs as I talk about his Freedom Mentor program in more detail.

Why Freedom Mentor?

By subscribing to the Freedom Mentor coaching program, you’ll gain access to premium tools and resources to help you finalize your first real estate deal.

These consist of access to a lender database, an instruction/lead-generating program to aid you find deals quicker, and a customized investing strategy.

That’s not everything, though. You’ll also get 3 live coaching calls every month with Freedom Mentor’s coaches, 2 conference calls every week, and the ability to ask questions as well as instantly receive answers from the mentors by means of an instant message platform.

There are a couple of very good attributes of the coaching program that allow it stand apart from the competition. The first feature is the array of experienced mentors and coaches it incorporates.

You won’t have access to just Phil Pustejovsky’s mentoring as soon as you become a member. Freedom Mentor is made up of a team of mentors and coaches directly trained and mentored by Phil.

These are the coaches you’ll be getting help from. You’ll have access to a combined pool of knowledge and experience from some of the best coaches in the industry.

The second feature that makes this program so impressively effective at assisting ambitious realtors gain success is its 50/50 split.

This essentially implies Phil shares every one of his valuable real estate secrets with you, and you share 50% of the profits from your first couple of deals with him.

When you’ve closed your first couple of deals, you may then proceed to become an independent property investor, armed with all of the insights you’ve obtained from the mentorship program.

If you possess a knack for teaching or mentoring, you could even set up your own mentoring program and show your students the steps needed for success just like Phil does.

Some of Phil’s previous apprentices are presently running their own mentoring programs after turning into successful real estate investors.

Note: I know the program offering improvements every now and then as they continue to refine it and improve it. However, this is current as of this writing.

Conclusion – Action Takers Wanted

The Freedom Mentor coaching program is tailored towards folks who are 100% committed to becoming successful real estate investors. If you aren’t prepared to treat real estate investing like a business, this program might just not be for you.

The tools, resources, and mentoring offered in the program are sufficient to set you on the right path to financial freedom.

Considering that you’re splitting your first few profits with Phil, it is really in his benefit to make you succeed, and you possess as much resolve to accomplish just that. It’s a mutually advantageous arrangement, so you almost can’t fail if you invest the energy and time to make this work.

Overall, the Freedom Mentor program is the most effective way to get started in real estate investing. You’re receiving all the support you need from a professional in the field. There’s truly nothing else you need to have to help make your real estate ambitions come true.

Some Of The Things To Learn Before Making Real Estate Investments

Real estate investing can be very risky, but it can also be highly lucrative. You may believe location, location, location is the number one rule, but the reality is that knowing who you are dealing with is even more important. The reality is that there are some seriously shady characters in the world of real estate. These are the ones you see on late night telly, promising you untold riches.

If you do really want to invest in realty, you must have the right things. First, you need the capital to make an investment. Also, make sure that you get to know the real estate market and learn about the neighborhoods you are interested in.

You also need to be a manager and negotiator and have people skills. Then, you also need to ensure you are able to do repair work, or know the people who can do it for you. Finally, you need a property inspector. In most cases, a real estate investor becomes a landlord. Hence, you will need to learn how to find good tenants and how to be a landlord too. To make it in real estate investing, you need money to spend so you an make more. It is almost impossible to make it in this world without having some money of your own. Now that the practicalities are behind you, you can start looking into locations. You can find out all sorts from the internet, local libraries and town board meetings. You must get to know the location as it is at present as well as looking into future development plans.

Generally speaking, it is easier to get started with rental properties if you are younger, particularly if you don’t have a lot of money to put down. Banks will generally want at least a 20% deposit before giving you a mortgage. 20% can equate to a lot of money, particularly if you will also need to do repairs. However, those who are younger can often get better deals on mortgages, as they have longer to pay them back. There are many other things to think about as well. Of course, one place to start is actually finding a property. However, even this requires a whole lot of research and analyzing. Plus, you will need to find a representative realtor to help you as well. They will help you to find the best properties for your needs. You will then also need to learn about and research what it means to be a good landlord, which takes a significant amount of time as well. Don’t let this put you off, however.

Major Standards In Finding Selling a Property Discussed

Step-By-Step Quick Suggestions When Looking At Selling a House

A lot of folks have been investing in real estate so if you’re going to sell your house, you should do it now. The only dilemma here is that selling a house is extremely challenging. Maybe, you have seen articles saying that selling a property is quite easy or there are adverts that say that they could help sell your property in just a few weeks or months. It’s going to be easier to sell a house if you’ll bring the price down, but this will undoubtedly not be a great suggestion. In the real estate market, the supply totally outstrips the demand, but you could find methods to make the house appealing. We are going to provide some great recommendations to help you with this.

Take a Look at the Curb Appeal of the House

First impression lasts so your house should give the buyers an excellent impression as soon as they see its exterior. You need to put yourself in the shoes of the buyer and determine if the curb appeal of the house can attract the buyers. You should determine if the house can provide a great impression to potential buyers or it needs maintenance.

The prospective buyer will first see the outside of your house and you must understand that they always pay attention on how the house looks outside. You must prepare everything fix anything that needs fixing.

Make The Right Upgrades

You should make the necessary improvements inside and outside of your home to draw in the buyers. They always want a complete package where they won’t need to make repairs on the house.

If you are the seller, you have to make certain that you’ll check everything that needs fixing and improvement. You must never over improve your house because there are some enhancements that will not really make a big difference in the price of your home.

Upgrades can raise the price of your house and its odds to be sold, but you cannot make improvements that would not pay in the end. You should do your research and only invest in things that will offer you the best roi.

Depersonalize Your House

Most people will say that adding more design to the interior can make it more desirable to the customers, but it’s an error because personal items, art works and collectibles will not really attract them. You could get rid of all these items and leave out the essential furniture to help make the rooms a bit bigger. The main aim is to enable the customers to picture themselves in the house.

They will start pointing at the different parts of your home while visualizing what they really want to put in there if they are going to buy it. It only ensures that your personal items have to be eliminated in the house because it’s going to make it tough for them to visualize.

Put a Competitive Value

If you’ll sell a home in Mesa, Arizona, you need to put up a competitive value for your property. If you’ll put a lower value, it will actually be the same as leaving money on the table and if you put a high price, it’s going to be unappealing to the customers. If you’re speaking about home buying, the customers always look for houses which are very similar to yours and compare the prices. If your house is very costly, the customer will check out other houses and ignore you. Most of these customers are only counting on home financing so they can’t afford houses that are too costly. If the value is low, you can sell the house very easily, but your investments won’t be given back to you.

Find a Real Estate Agent

You’re making a huge mistake if you believe that you may sell your property on your own. If you are not really a professional real estate agent, it will be difficult because you don’t have the experience and knowledge to do this. If you plan to do this by yourself, there is a possibility that your house will not be sold or you will not get a good deal. You might get fortunate and get a good deal for the house, but you can’t count on luck when you are selling a property because we’re referring to a huge amount of money. You can employ an agent and let them do everything. You’ll have to pay them, but this is much better than getting a bad deal as you don’t know anything.

Before you do anything else, you must be certain that you understand how to sell your home efficiently. The real estate market is very complex so you must understand how it works prior to selling your house.

What Home Improvements Will Boost The Value Of Your Home? Read On To Find Out Which Projects To Do, And Which Ones You Shouldn’t

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Many homeowners wonder what they can do to improve the value of their house before they sell it. After all, people frequently talk about how remodeling can up the value on a house when it comes time to sell it. However, not all home improvement projects reap a return on investment. Here are some that are almost sure to bring in a great ROI, or at least break even on the work you did. See: The 6 Home Renovations That Return the Most at Resale.

The first one is painting. Whether its the interior, or the exterior, it brings back a great ROI, and usually doesn’t cost that much. Sometimes, you can do it yourself, even. Keep in mind, that if the exterior needs to be painted, you’ll need to hire professionals. If the paint is in pretty bad shape, or just very old and worn, it will definitely be worth the few grand it will run you. In regards to the interior, if you’ve never painted before and are selling the house soon, you should consider hiring a professional in that scenario too. However, if only a few rooms need to be painted, and you’ve got a while before you list your home, you can certainly give DIY a try!

Contemplate adding fiber cement siding to the house, as it almost always nets you back a profit. This is because this type of siding is notorious for being resistant to rotting wood, termite infestation, and fires. Buyers love to see fiber cement siding for these reasons, and in some cases, they’ll pay more just to have it.

Don’t be afraid to built a patio, or a deck. Buyers love these areas because they can entertain; most families love to entertain, especially if they have children. However, use the right type of wood; otherwise, the deck will be prone to termite damage which no homeowner wants to deal with.

Renovate your kitchen, if it needs it. If the rest of the home is updated, but the kitchen is not, it might be time for a re-vamp. What you don’t want is the kitchen to be nicer than the rest of the house. Every room should be equal. You probably won’t see much of an return (if at all) if you’ve got a completely dated house, but an updated top of the line kitchen. Don’t go overboard by buying the absolute best appliances and fixtures. However, always go with granite and stainless steel appliances. kitchen-53

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If you don’t have central AC, now is the time to install it. Even renters will shy away from a rental if there are window units. So, certainly someone actually investing in a house won’t want them.

Consider renovating your basement, if you have a wet one. Finished basements can add a lot of value to the house, and it doesn’t cost too much money to do it. For further reading, see the Top 15 Home Updates That Pay Off, and, the 12 Home Improvements That’ll Boost Your Home’s Selling Price.

Stuck On a Budget But Need To Sell Your House Fast? Here’s How To Decorate Your Home For Sale Just Like The Pros

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It’s not surprising that tastefully decorated homes sell for more money (and faster) than homes that are poorly decorated; or worse, vacant. While curb appeal gets buyers into the door, staging is what keeps them there. Decorators get paid a fair amount of money to do this, and for good reasons. It works. The idea is that it gives buyers an idea of what it would be like to live in the house. When they see a plush sofa, with a comfy blanket by a fire and a flat screen above the fireplace, they can picture themselves reading a great book in that exact spot by the fire during the fall, for example. If the house were vacant, all they would see is a living room, rather than a lifestyle. Check out: Is Home Staging Worth the Cost?
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It all depends on the buyer, and what side of the brain they use. If the buyer is of the creative type, a vacant home might be better. They can envision what they would put there. Most people do not possess the creativity skills to imagine an empty home fully decorated. This is why for the most part, staged homes are better. While staging can take a lot of time to do, and means money must be spent, it is almost always going to be worth it. Plus, there are companies that allow you to rent furniture for the purpose of staging; after the home i sold, you simply return the furniture. This is very convenient, especially if you have already purchased another home and thus the house you are selling is empty.
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If you are still living in a house, make no doubt about it that it will be hard to keep your home completely clean and staged at all times. You’ll need to keep your pets somewhere else while your house is staged, depending on what type of pets you have. For example, if you have a dog that sheds, it will be a nuisance to vacuum every single day to get rid of the fur. Ask a family member or friend to take your pet for a few weeks when you first list your house. This is when the most activity on a new listing happens; in the first few weeks. For further reading, see: Home Staging to Sell: The Latest Techniques That Really Work. So, now that you know staged homes are the way to go, get moving! Call a decorator, or read tips online so that you can stage the home yourself just like the pro’s.

Facing Competition On The House You’re Dying To Buy? Here’s How You Can Come Out On Top And Win The Bidding War

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Bidding wars often occur when the housing market inventory is low, but there are many people looking to buy. For example, if there is a specific highly desired neighborhood, with only one home for sale, there is almost always going to be a bidding war. Bidding wars are tricky, and are usually impulse-driven. Great for sellers, but bad for buyers. So, how do you deal when a bidding war begins? You want the house, but you don’t want to over pay. Here are some potential things that can go wrong, resulting you to lose in a bidding war. See: Find Your New Home – Zillow.

The first issue is not realizing that there is a bidding war. You need to be armed with the current market. Hopefully you have a good realtor who lets you know ahead of time that the house you are looking at is going to be in high-demand. This way you can be proactive, and get your offer in first before all the others come, for example. If you attend a viewing, take note of how many people are present. Watch them closely, to get an idea of how interested they seem in the home. If a few buyers seem like they are truly interested in the house, you’ll know right away that you can expect some serious competition.  offer-to-purchase-real-estate-document_573x300

Now is not the time to be unorganized. When you submit an offer, it must be clear, and in order. Don’t hand over an offer with vague contingencies, a low number, and just an overall mess. It must be completely concise, in order, and a fair offer. When a home is in high demand, the seller is going to have enough offers (that are in order), that they aren’t going to have to fumble through yours like they would if there wasn’t a lot of activity on the house. Here are some questions that you should ask yourself when submitting an offer:

•does the seller have a deadline to submit an offer?
•is the seller requesting the offer be presented in a certain format?
•Are there certain contingencies that could sway the seller to choose your offer over the others? (For example, if they want to move on a certain date, be flexible and offer them that date. They’re more likely to choose your offer over the others, if the move-out date benefits them).

Don’t forget to include your pre-approval letter regarding a mortgage loan. They need to know that you can actually afford the houswalk-away-201x300e. If you submit an offer, it means nothing if you can’t prove that you’ll be approved for a loan. Unless you are paying all-cash which is unlikely for most home buyers. See: Find Your New Home – Trulia.

On the other hand, if you’re able to offer an all-cash deal on the house, do so. That is the biggest, most sure-fire way to win a bidding war. You also will not have to pay as much on the house, since all-cash offers are preferred over offers that have to do with mortgage loans.

The most important part of a bidding war is knowing when it’s time to cut your losses. If you find yourself raising your offer price again and again, you should seriously decide whether or not you want the house badly enough to over-pay for it. When it comes time to sell, you’ll probably lose money. Decide if it’s worth it to you. For further reading, see: Bidding War Basics for Buyers, and, Winning a Bidding War.

Are You Ready To Buy a House, Or Should You Continue Being a Tenant? Here’s How To Know Whether Or Not You’re Ready To Become a Homeowner

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Buying a home isn’t a light matter. It’s a huge commitment. When you rent, you can do whatever you want after the lease is up. When you own a house, you can’t up and leave. You also seriously risk losing money if you move before a certain number of years. Just because you can afford to buy a house, is not in itself a reason to purchase. You’ve got to think about how all of the factors come into play. If you’re 27, you’ve got a lot of life turning points ahead of you, and its unreasonable to think that are going to be in that exact spot forever. Below are some questions you really need to consider before you buy a house.

Are you going to be able to live there for a long time? If the answer is no, you need to keep renting. Not only does buying a house cost money, but selling a house requires spending money. Most people don’t realize this. There are many fees that come along with selling a home. If you aren’t going to be able to live in the house for 5 or more years, you need to stay a tenant. walk-to-work

Would you be okay, or miserable if you had to stay longer than 5 years in the house you plan to purchase? If the answer is that you wouldn’t be happy staying longer than that amount of time, then you should keep renting. This is because after 5 years for example, maybe the housing market will be in a bad place, and you’ll need to stay longer in order to not lose a lot of money. You never know what the market will be like at any given time. Read: Should You Buy or Rent? The Economics of Home Ownership.

Is your career stable in terms of location? If you have a job that is going to require you to travel, you probably aren’t going to want to be tied down in one location. Especially since, if you travel, you won’t have time to keep up maintenance on a home. Of course, you could always rent it out when you aren’t there, but this will still require maintenance. Plus, having tenants is stressful.

repairingtosellCan you afford the maintenance? You’ve got to pay HOA fees (depending on what type of house you want to purchase), yard care, utilities, tax, and insurance. These all add up to a lot of money, together. Each individual expense doesn’t seem like a lot, but once they are all combined, the monthly fees are very expensive. See: What to Know About Renting Versus Buying a Home.

Can you afford a down payment without having to tap into your savings account or emergency fund? If the answer is no, keep renting. You don’t want to spend every dime you have in order to buy a house. An emergency fund is not a down payment fund for a house; its for actual emergencies. Also ask yourself if you can afford to pay for any surprise repairs. It’s very important that you have lots of money saved up when you buy a house. Things happen over the course of home ownership, and you don’t want to go bankrupt by owning a house. See: Rent vs. Buy Calculator – Bankrate.