Be a Real Estate Investing Expert - In An Instant
Here's a simple method of getting to know your real estate investing market, which is VITALLY IMPORTANT before you can know if a property/price is worthy of calling a 'deal' or not...
This 'LAZY' method of market research reveals some amazing facts about the real estate investing market in your area and it works for any area there is....
Take a local newspaper (you can get many of them online, for free, nowadays) and simply count the number of 'For Sale' and 'For Rent' ads, keeping track of them for later reference.
Usually, Sunday and Wednesday papers are the 'biggest real estate investing days', so, for now, just watch these.
Keep track of the number of ads for a few weeks and watch what is happening to your market (hold on, now, we're coming to the part about you turning all this research into a really great real estate investment).
Keeping more detailed records (what price for a 3/2/2 in the SW part of town is being offered for sale and rent wise, etc.) will yield tremendous knowledge, but, for now, just to get started in your real estate investing, stick with the basic 'total ads' research.
After a few weeks, you'll start to see 'trends' in the real estate investing potential of your area - maybe the number of For Sale is going way up and the number of For Rent is going way down...
In such a market, what are you doing looking for 'flips' as real estate investments anyway?
Such a trend clearly shows that there are fewer people buying and a high demand for rentals (perhaps a good time for you to pick up some deals for your long-term real estate investments).
You see, the newspaper (and the active market) has shown you what you need to be looking for (or not), and this is certainly a good indication that there are few Buyers (whether for themselves or as real estate investments).
Maybe it is because of some local condition (like the closing of a major employer or something), or it could be more national (like the interest rates rising quickly, etc.) - i.e., it could be something you can control, but most likely it isn't.
However, it doesn't mean you can't make real estate investing money in such a market!
You can certainly make money in a real estate investing market where there are few 'For Rent' and lots of 'For Sale' properties (even if you have poor credit and no money...)
This is a perfect time to be doing Lease Purchase/Options! Yes, it is a great time to simply make CA$H in your real estate investing business.
And, if (and WHEN) the real estate investment market changes again, you will already be on top of it because you'll keep this simple method in mind - just watching the total number of ads in the paper - something anyone can do (but so few will...) and you'll know what the next real estate investing 'trend' will be - maybe back to 'flipping', or maybe something else...
Just one of the major reasons that you need more than one 'tool' in your real estate investing toolbox.....
Here's to your successful (and LAZY) real estate investments...
Steve Majors - The Lazy Investor Profit from Real Estate Investment Articles, Real Estate Investing Information & News from One of The Most Creative Investors On The Planet ~FREE MEMBERSHIP & Real Estate Training Course~ http://SteveMajors.com
Related Articles:
Nurse Turned Real Estate Investor Nets Large Gain on Commercial Properties with Trump University Guidance
First-time real estate investor utilizes methods learned through Trump University to acquire valuable commercial properties.
Ferrari Capital Partners, LLC Makes Key Decision to Scale Back Proposed Real Estate Development Project in Semmes, Alabama
Ferrari Capital Partners (www.ferraricapitalpartners.com), a large scale real estate developer in the southeastern United States, has announced plans to scale back a proposed 523 lot Planned Unit Development (PUD) subdivision in order to better serve the needs of the community. Although subdivision regulations allow for lot density of nearly twice that of the proposed 523 lot PUD, Ferrari Capital Partners will submit an amended request to the Planning & Zoning Commission of Mobile, Alabama for 133 Single Family Home (SFH) lots on approximately 60 acres of the 226 acre parcel.
Best Florida Attraction - Everglades Airboat Rides
My husband retired last year, and I have always been a stay at home mom raising the kids. However, our wonderful children have since grown and are living their own lives, so my husband George and I can do what we want to now. Not that we couldn?t when our kids were growing up, but you know what I mean ? we can start having adventures again.
Precision Camera Executives Head to Las Vegas for '08 Consumer Electronics Show
Precision Camera, the largest camera repair facility in the world will be venturing to the 2008 Consumer Electronics Show (CES) being held at the convention center in Las Vegas, January 7th - January 10th, 2008. Dave Marsh, Precision Camera's Director of Sales, will be joining other industry executives attending this world renowned event.
First Golf Resort Homes, Then Olive Oil: Spanish Property Developer Polaris World is Now Producing its Own Wine
Polaris World has turned winemaker, producing its first wine, which the company has labelled 'an emblem of the essence of Mediterranean culture.'
Polaris World Announces Latest Release from the Fantastic Condado de Alhama Golf Resort in Murcia - Golf Suites de Alhama
Polaris World Golf Suites de Alhama offers luxury accommodation with superb five star hotel style facilities such as daily newspaper and breakfast delivery, laundry facilities and maid service. This is an exciting and brand new concept for residential golf resorts in Spain.
V-dog Vegan Dog Food is Now Available in Southern California at Healthy Spot, Los Angeles' Premiere Dog Store
Healthy Spot continues to provide the best for consumers by being the first to offer the V-dog food line in Los Angeles.
Gaywheels.com Partners With Saturn at Gay Days Orlando
Gaywheels.com, the gay-friendly automotive resource, and Saturn, a division of General Motors, are teaming up to sponsor Gay Days, May 29-June 4 in Orlando, FL. The partnership gives both brands a hands-on relationship with the GLBT consumer at one of the premier events on the gay social calendar.
California Hunters Face Forced Spay and Neuter Law - Spay and Neuter Bill Passes Committee April 27, 2007 (California)
California sportsmen face advancing legislation that will put unnecessary hardships on sporting dog owners and outlaw the breeding of accomplished hunting dogs.
Top 10 Real Estate Trendsetters for 2007
See which real estate brokerage, franchises, technology companies and service providers dominated the real estate industry last year and therefore have a huge advantage to influence 2008. In 2007 these top companies each in their own way set forth actions that were different and memorable and could potentially have a far reaching impact on the real estate industry for buyers, sellers, brokers and real estate agents.