• 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...

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  • Real Estate Opportunity on Long Island Real Estate Opportunity on Long Island

    0 comments / Posted on by Steven Rivera

    Real Estate Opportunity on Long Island

    The demand for industrial real estate on Long Island is increasing rapidly according to analysts, developers, and real estate brokers. This demand is caused by the increasing amount of e-commerce businesses which adds more demand for warehouses and factories. Since this demand is so high, the rental value of these buildings is at an all-time high. Due to how crowded the city is, distributors are selling their warehouses in Brooklyn and Queens and are buying on Long Island. This is an opportunity that needs to be acted upon fast.

    The demand for industrial real estate on Long Island is increasing rapidly according to analysts, developers, and real estate brokers. This demand is caused by the increasing amount of e-commerce businesses which adds more demand for warehouses and factories. Since this demand is so high, the rental value of these buildings is at an all-time high. Due to how crowded the city is, distributors are selling their warehouses in Brooklyn and Queens and are buying on Long Island. This is an opportunity that needs to be acted upon fast.

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  • Millennials and Real Estate Investing Millennials and Real Estate Investing

    0 comments / Posted on by Steven Rivera

    Millennials and Real Estate Investing

    There are many ways to plan for retirement. The most valuable method is the one that most people overlook. 401k’s are a great way to save if you have a job that offers one, but what about the people who are their own boss? Real estate investing is a great solution for them. More and more Millennials are shifting into real estate investing as an investment to allow income and maintain freedom. There are no exact stats but Coldwell Banker agent Shannon Crutchfield said she sees a growing number of Millennial investors in the tri-state area. It is a long-term investment so you might as well start early.

    There are many ways to plan for retirement. The most valuable method is the one that most people overlook. 401k’s are a great way to save if you have a job that offers one, but what about the people who are their own boss? Real estate investing is a great solution for them. More and more Millennials are shifting into real estate investing as an investment to allow income and maintain freedom. There are no exact stats but Coldwell Banker agent Shannon Crutchfield said she sees a growing number of Millennial investors in the tri-state area. It is a long-term investment so you might as well start early.

    Read more