March 5, 2007

Flipping vs. Renting

What is your pleasure?  There are Real Estate Investors that love to flip and those who love to rent.  Those that live for the ‘big hit’, you know, the homerun, and those would want ‘residual income’ from rental properties.  Now, I don’t have anything against either.  Personality will play a big role in what type of investor you are or will become.

Speaking from personal experience, I have found it hard to focus on both at the same time.  I have done both, but have either focused on one or the other.  One thing you want to make sure to avoid if you decide to flip is a Flipping Scam that has victimized new investors.  Currently, I’m a Landlord, but I’m dreaming of flipping again.  What type of Real Estate Investor are you?

Popularity: 60% [?]

Filed under Real Estate Info, Real Estate Investments, Real Estate Tips by TRD.
Permalink • Print •  • Comment

February 24, 2007

Real Estate Investor Tips: Selling Property

When selling a property, what is the best and fastest way to sell?  There are several for sale by owner websites sellers can use to get their message out.  Every property will sell if it is priced right and buyers know about it.  I think that is without question, but what is best to get the word out?

Online real estate tours are becoming popular.  Realty Thoughts has done a review of three real estate video services that can make an impact in 2007.  Currently many individuals and real estate professionals are using YouTube.

Real Estate Agents have found very effective ways to sell real estate.  They are the professionals.  Since success leaves clues, I would suggest real estate investors attempting to sell their own properties in ways that mimic what has been successful for agents.  Listing the property with the MLS, holding open houses, networking with other agents and sharing commissions.

The technics that agents use can be modified in one form or another to work for investors too.  There are flat rate brokers who will list the property in the MLS on your behalf, you can hold open houses, you can network with agents and other investors to find buyers.

Here are a couple of tips that have worked for me:

1. Post your property for sale on eBay.  There are many buyers that have first been exposed to properties on eBay.  One can get exposure for their property to potential buyers from around the world.  Ebay Real Estate.

2. Yahoo Real Estate Groups are an effective way to network with other investors and find buyers. Yahoo Real Estate Groups.

Best of luck in selling your property, and remember, “success leaves clues.”

Popularity: 74% [?]

Filed under Real Estate Info, Real Estate Investments, Real Estate Products, Real Estate Tips by TRD.
Permalink • Print •  • Comment

February 10, 2007

Selling Real Estate on Youtube

As a Real Estate Investor, one must explore every avenue to stay ahead of the market.  Have you incorporated Youtube into your Real Estate Investment Stategy?  I like using Youtube on this Real Estate Blog to provide video of concern, and plan to start posting videos to drive interest when selling properties in the future.  The popular current application is virtual tours, yet there are several others.  Can you think of some?  Here an interesting report:

Popularity: 21% [?]

Filed under Real Estate Info, Real Estate News, Real Estate Tips by TRD.
Permalink • Print •  • Comment

February 3, 2007

For Sale by Owner Ad

Here is a for sale by owner ad I wrote.  I successfully sold both properties.  This ads showed that I was a motivated seller who was willing to work with potential buyers.  This is a good example of a for sale by owner ad, in my opinion, that pulled lots of interest.

Two Brand New Remodeled Side-by-Side Townhouses in Denver.
2 bd and 1 ba. Great starter home. 100% financing available for
owneroccupied. New carpet, paint, stove, refrigerator, …all new
inside. Reduced 10K. Asking $150,000. Will carry up to 15% or
Cash Discount. Additional Discount if you buy both townhouses.
Vacant never lived in since renovations. Look under Photos for
pictures, 100 and 101 Main St Denver CO. Must sell fast. I
live in San Francisco Bay Area.

Popularity: 38% [?]

Filed under Real Estate Info, Real Estate Tips by TRD.
Permalink • Print •  • Comment