• Foreigners Want American Real Estate Foreigners Want American Real Estate

    0 comments / Posted on by Steven Rivera

    Foreigners Want American Real Estate

    Foreign Buyers and recent immigrants are buying the most real estate as ever since record keeping started in 2009. They spent $153 billion on American properties which was a 49% overall increase from last year. These purchases accounted for 10% of the total value of existing home sales in the US (not including new homes).

    Canada

    A big factor in this increase is Canada. They nearly doubled their purchases in the US in the last year due to the relative affordability of homes in the states. With cities like Toronto and Vancouver becoming more expensive, the US market becomes more appealing.

    China

    Beating Canada, China was the biggest buyer. They spent almost $32 Billion dollars during the surge, while Canada spent $19 Billion.

    Top States

    The top 5 states that foreigners are investing in are Florida, California, Texas, New Jersey, and Arizona. Canadians started investing in Florida, China focused on California and Mexico preferred Texas. It's all about location.

    Foreign Buyers and recent immigrants are buying the most real estate as ever since record keeping started in 2009. They spent $153 billion on American properties which was a 49% overall increase from last year. These purchases accounted for 10% of the total value of existing home sales in the US (not including new homes).

    Canada

    A big factor in this increase is Canada. They nearly doubled their purchases in the US in the last year due to the relative affordability of homes in the states. With cities like Toronto and Vancouver becoming more expensive, the US market becomes more appealing.

    China

    Beating Canada, China was the biggest buyer. They spent almost $32 Billion dollars during the surge, while Canada spent $19 Billion.

    Top States

    The top 5 states that foreigners are investing in are Florida, California, Texas, New Jersey, and Arizona. Canadians started investing in Florida, China focused on California and Mexico preferred Texas. It's all about location.

    Read more

  • The Real Estate Investing Lifecycle The Real Estate Investing Lifecycle

    0 comments / Posted on by Steven Rivera

    The Real Estate Investing Lifecycle

    The real estate investing lifecycle is a time consuming but rewarding process. A full-time real estate investing professional will spend countless hours working on seemingly meaningless non-revenue producing activities. This is normal because all of these activities will help you generate more revenue in the future.

     1. Generate Seller Leads

    Create and implement marketing tactics that will drive motivated sellers to you.

     2. Prequalify Seller Leads

    Gather information and analyze the perspective property. Then analyze any comparables sold in the area in the last 6 months to get a better idea of what the property value is.

     3. Inspect Property

    Inspect the property and see what repairs it needs. Estimating these repairs carefully will allow you to make the best offer that you can

     4. Estimate Profit

    Based on your estimated after repair value, factor in the price of the house, and all of your costs to see your estimated profit. Make sure to leave a contingency for anything unexpected.

     5. Negotiate Offer

    Make your offer to the seller. Make sure to know your max offer before you start this process and do not go over your max offer. If it doesn’t work out move on to the next deal.

     6. Arrange Funding

    If the seller accepts your offer you need to line up the necessary funding and open escrow.

     7. Purchase Property

    Close the escrow with the title company/attorney and take full ownership of the property.

     8. Rehab Property

    Manage the rehab and implement all of the repairs that you estimated so...

    The real estate investing lifecycle is a time consuming but rewarding process. A full-time real estate investing professional will spend countless hours working on seemingly meaningless non-revenue producing activities. This is normal because all of these activities will help you generate more revenue in the future.

     1. Generate Seller Leads

    Create and implement marketing tactics that will drive motivated sellers to you.

     2. Prequalify Seller Leads

    Gather information and analyze the perspective property. Then analyze any comparables sold in the area in the last 6 months to get a better idea of what the property value is.

     3. Inspect Property

    Inspect the property and see what repairs it needs. Estimating these repairs carefully will allow you to make the best offer that you can

     4. Estimate Profit

    Based on your estimated after repair value, factor in the price of the house, and all of your costs to see your estimated profit. Make sure to leave a contingency for anything unexpected.

     5. Negotiate Offer

    Make your offer to the seller. Make sure to know your max offer before you start this process and do not go over your max offer. If it doesn’t work out move on to the next deal.

     6. Arrange Funding

    If the seller accepts your offer you need to line up the necessary funding and open escrow.

     7. Purchase Property

    Close the escrow with the title company/attorney and take full ownership of the property.

     8. Rehab Property

    Manage the rehab and implement all of the repairs that you estimated so...

    Read more