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Real Estate Formula
It was a simple real estate formula. The ads ran in our small-town newspaper for years before I realized exactly what was going on. They were always the same: A house for sale with 5% down and payments of 1% of the purchase price. Maybe a three bedroom home for $90,000, for example, with $4,500 down and $900 per month payments. When a friend started doing the same thing he explained the process to me. It was a way to get a great return on capital, and it was the opposite of buying with no money down. There is no down payment at all when you buy, because you buy for cash. The Simple Real Estate Formula You probably know that when you buy for cash, you can often get a much better price. With no financing contingencies in the offer, and the promise of a faster closing, sellers are willing to sell for less. You can offer $95,000, for example, on a house that might be worth $108,000. If you can’t get it for less than, say, $99,000, you walk away - there are always other opportunities. Once you buy the house, you put few thousand into high-return repairs and improvements. These might include paint, carpet, and maybe asphalt for a dirt driveway. For our example, we’ll say you spend $5,000. Let’s suppose the house is worth $116,000 now. You’re ready for the next important step in this real estate formula. You put it up for sale, targeting buyers who can’t get financing easily. You provide the financing. Because you are making it easy for the buyer, you can get more than the $116,000 value for the home - and do it without paying a realtor’s commission. Let’s say you sell it for 123,000. The buyer needs a down payment of just 5%, or $6,150, and makes monthly payments of $1230 per month. You charge higher interest than the going rates at the banks, of course. This is a win-win situation. Your buyer is able to buy a home instead of renting, and you get a capital gain of perhaps $16,000 after expenses, plus good interest. Your total rate of return will often be over 20%! In our town, the first to do this consistently were a father and son team of lawyers. They saved money by doing their own foreclosures when necessary. Once they foreclosed, they raised the price and sold the home all over again. They made millions. Did you know that if you can get an average return of 18% on your money, you’ll turn $75,000 into more than one million dollars in about fifteen years? That’s the power of a good real estate formula. Immo Visit Marrakech : Company Of Real Estate In The Marrakech , Morocco : http://www.immo-visit-marrakech.com

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Real Estate Buyer Leads - How to Generate Them
First-time home buyers provide a great way to build your real estate business and clientele, but you have to find them first. Keep reading to learn several tried and true techniques that will help you generate real estate buyer leads.

Should I use a Realtor to Rent an Apartment?
” Are you considering using a real estate agent to assist you in renting your apartment? If so, you probably have a lot of questions about the process of doing so. Most importantly, you re probably wondering if it s something that s really a good idea or if you can go ahead and rent on your own without involving a professional. Whether or not to use a real estate agent when renting an apartment is mostly dependent upon your variety of needs. Personal factors such as your current stage in life, your familiarity with the city and your ability to negotiate a good rental agreement are things to consider as you determine whether or not you want to make use of a real estate agent for renting an apartment. The first thing that you should consider is where you re at in your stage of life. If you re renting your very first apartment and you don t know anything about it, you might want the assistance of a real estate agent to help you learn all of the ins and outs about signing leases and getting renter s insurance. On the other hand, if you ve been through a few moves and you know what you re getting into, you might not need a real estate agent. Yet again, if you re at an established point in your life and are too busy to do a lot of the hunting down and researching that comes with renting an apartment, you may want to spend the money to get a real estate agent to do that for you. Think about the reasons that you might want a real estate agent in regards to how knowledgeable you are about renting and how much time you have to devote to the process. Another think to think about is how well you know your neighborhood. If you ve been living in the same city for your entire life and are familiar with all of the ins and outs, you ll know about the good and bad neighborhoods without having to get any advice. But if you ve just moved to a new location, you might want the assistance of a real estate agent to help you figure out if the apartment you re renting is cheap because it s a good deal or cheap because you aren t going to want to step outside of your front door at night. Your real estate agent can also help identify such things as how easy your commute will be from a certain area. Finally, think about how capable you are of negotiating your rental agreement. Some people simply aren t good at the art of negotiation; they give in too easily and let people walk all over them. If you know that you have these tendencies, you might want to hire a real estate agent to assist you in renting an apartment simply for the reason that they ll be able to negotiate on your behalf. He or she can work out details like how repairs will be taken care of, what kind of notice must be given for different actions, and other terms of your lease. Is it necessary to get a real estate agent to assist you in renting an apartment? No, of course not. You can easily go look at apartments yourself, sign the given rental agreements and deal with the consequences. But if you don t have the time to find the right apartment, lack the skills to negotiate a good deal for yourself or are concerned about your lack of area knowledge when moving to a new city, then using a real estate agent might ease the process.”

Eric Bramlett is the Broker and co-owner of One Source Realty in Austin Texas. Visit Eric s <a href="http://www.onesourceleasing.net">Austin Apartments</a> Guide, visit his <a href="http://www.kinanbeck.com/lease.php">Austin Leasing</a> company s website, & his <a href="http://www.ericbramlett.com/lease.php">Austin Apartment Locator</a> website. He has seen considerable success in real estate, and looks forward to many more years in the business