• How Leaving My Job Changed My Life and Allowed Me to Become a Full Time Real Estate Investor How Leaving My Job Changed My Life and Allowed Me to Become a Full Time Real Estate Investor

    1 comment / Posted on by Rosemary Rivera

    How Leaving My Job Changed My Life and Allowed Me to Become a Full Time Real Estate Investor

    At 4pm on Friday, November 2nd, I turned off my company PC and let out a big sigh of relief. Six months prior I had been told that the company I worked for was closing down.  At first I was frantically trying to find a similar job in the Health Insurance field until my son asked that I come along for the "Revival" ride. After working 18 years at a 40 hour per week, W2 job, my last day had finally come. I was now unemployed…sort of.

    First I became a  licensed real estate agent in the State of New York and the focus was single family acquisitions for "Revival Property Group".  Needless to say, life had gotten a bit crazy. Being around other like-minded investors and entrepreneurs, helped me decide to transition from being a 10% entrepreneur to being one full time. We all have to start from the beginning.  It's a learning curve when you've always been a robot to the corporate world. Here are some things that losing my job and taking a leap of faith with my son allowed me to focus on, and in turn become a full time Real Estate Investor:

    Think: Henry Ford said, “Thinking is the hardest work there is, which is probably the reason why so few engage in it.” He wasn’t lying. When I was working two full time jobs, one as a waitress and another as a real estate agent, I was so busy running around and reacting that...

    At 4pm on Friday, November 2nd, I turned off my company PC and let out a big sigh of relief. Six months prior I had been told that the company I worked for was closing down.  At first I was frantically trying to find a similar job in the Health Insurance field until my son asked that I come along for the "Revival" ride. After working 18 years at a 40 hour per week, W2 job, my last day had finally come. I was now unemployed…sort of.

    First I became a  licensed real estate agent in the State of New York and the focus was single family acquisitions for "Revival Property Group".  Needless to say, life had gotten a bit crazy. Being around other like-minded investors and entrepreneurs, helped me decide to transition from being a 10% entrepreneur to being one full time. We all have to start from the beginning.  It's a learning curve when you've always been a robot to the corporate world. Here are some things that losing my job and taking a leap of faith with my son allowed me to focus on, and in turn become a full time Real Estate Investor:

    Think: Henry Ford said, “Thinking is the hardest work there is, which is probably the reason why so few engage in it.” He wasn’t lying. When I was working two full time jobs, one as a waitress and another as a real estate agent, I was so busy running around and reacting that...

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  • Typical Reasons Why Your House Might Not Be Selling Typical Reasons Why Your House Might Not Be Selling

    0 comments / Posted on by Steven Rivera

    Typical Reasons Why Your House Might Not Be Selling

    So you’ve listed your home for sale and it’s been showing, and showing, and showing, and…not selling. That means it’s time to make some changes, especially if your home has been on the market more than 30 days.  

    Most realtors would agree that buyers right now are really savvy. They have a lot of ways to do market research. If it’s sitting on the market for more than 30 days, typically buyers are asking, ‘What’s wrong with it?’”  

    If home has spent too many days on the market, this is usually interpreted as a negative quality signal, as buyers speculate that there are may be flaws which made the property hard to sell to previous buyers.

    Having your home sit on the market is more than just frustrating—it’s probably costing you money.  The longer a listing sits, the more the sale price will fall below list price. So every day that your home isn’t selling, it is, statistically, going to sell for less. 

    Here are some likely reasons your home isn’t selling.

    The Price Is Too High

    Pricing a house too high is a common mistake: according to area real estate agents, pricing a home incorrectly is the biggest error sellers make.

    Pricing a home for sale is tricky. There are a lot of ways to slice the data to determine your home’s fair market value. And while data, usually from sales of comparable homes in the area, is important, a top agent’s experience can be invaluable when...

    So you’ve listed your home for sale and it’s been showing, and showing, and showing, and…not selling. That means it’s time to make some changes, especially if your home has been on the market more than 30 days.  

    Most realtors would agree that buyers right now are really savvy. They have a lot of ways to do market research. If it’s sitting on the market for more than 30 days, typically buyers are asking, ‘What’s wrong with it?’”  

    If home has spent too many days on the market, this is usually interpreted as a negative quality signal, as buyers speculate that there are may be flaws which made the property hard to sell to previous buyers.

    Having your home sit on the market is more than just frustrating—it’s probably costing you money.  The longer a listing sits, the more the sale price will fall below list price. So every day that your home isn’t selling, it is, statistically, going to sell for less. 

    Here are some likely reasons your home isn’t selling.

    The Price Is Too High

    Pricing a house too high is a common mistake: according to area real estate agents, pricing a home incorrectly is the biggest error sellers make.

    Pricing a home for sale is tricky. There are a lot of ways to slice the data to determine your home’s fair market value. And while data, usually from sales of comparable homes in the area, is important, a top agent’s experience can be invaluable when...

    Read more

  • Reasons To Consider Investing In Rental Property In Today’s Market Reasons To Consider Investing In Rental Property In Today’s Market

    0 comments / Posted on by Steven Rivera

    Reasons To Consider Investing In Rental Property In Today’s Market

    The real estate market is constantly changing, with investment approaches shifting as new market trends and area-specific information drive change. What worked twenty, fifteen or even five years ago may not work now or in the new year to come. Successful real estate investors need to constantly consider market trends in order to continue growing within their industry.

    The Real Estate Market Could Crash In The Next Few Years (Or Sooner)

    There are many signs that another real-estate market crash is on the horizon. Zero or low down payment mortgages are again becoming a thing. Real estate prices have risen dramatically while incomes have basically stagnated, which suggests a lot of people may be getting in over their heads. With market conditions changing it makes sense to invest in rental properties in 2019.

    Increased Demand For Rentals Due To The Shift In The Market

    Most young home buyers are more savvy than you may think and realize that this is not the right time to purchase due to the market trend - higher interest rates historically bring down the home value , therefore the demand for rentals will increase in the New Year as it is becoming apparent that purchasing may not be the way to go for now.
    In the past the thinking process was that if home prices go down, you can just sit tight for a couple of years until they come up again. In my opinion those home buyers should be prepared for a long wait. I have a friend who bought a house...

    The real estate market is constantly changing, with investment approaches shifting as new market trends and area-specific information drive change. What worked twenty, fifteen or even five years ago may not work now or in the new year to come. Successful real estate investors need to constantly consider market trends in order to continue growing within their industry.

    The Real Estate Market Could Crash In The Next Few Years (Or Sooner)

    There are many signs that another real-estate market crash is on the horizon. Zero or low down payment mortgages are again becoming a thing. Real estate prices have risen dramatically while incomes have basically stagnated, which suggests a lot of people may be getting in over their heads. With market conditions changing it makes sense to invest in rental properties in 2019.

    Increased Demand For Rentals Due To The Shift In The Market

    Most young home buyers are more savvy than you may think and realize that this is not the right time to purchase due to the market trend - higher interest rates historically bring down the home value , therefore the demand for rentals will increase in the New Year as it is becoming apparent that purchasing may not be the way to go for now.
    In the past the thinking process was that if home prices go down, you can just sit tight for a couple of years until they come up again. In my opinion those home buyers should be prepared for a long wait. I have a friend who bought a house...

    Read more