Approaching a real estate property with a deal seeker mentality can completely change the game in a positive way. A good investor is not a used car salesman, but they're also not a schmuck. There's no reason to beat your broker or agent over the head to get a good deal. With a good eye, some knowledge and effective communication, most deals can be spotted and negotiated with everyone leaving happy and content. I will outline below three things to look for when seeking a solid investment deal.

1. It's become incredibly easy to get financing for livable homes in disrepair.

By seeking out those homes that are being skipped by the average buyer, you can (with just a little TLC) create a bonanza profit opportunity for yourself. Generally speaking, the ugly and glaring repairs can be the easiest. From replacing windows to repairing roofs, updating fixtures to fixing rain gutters it never ceases to amaze me how some of the simplest of repairs can completely change the appearance of a home. However... be aware of the super costly but hidden repairs that catch the unwary. These would be things like outdated wiring, cracked foundations and heavy wood rot. Either by making the easy repairs yourself or paying a reno crew to handle your sweat work, there is a lot of money to be made by looking closer at the houses everyone else is balking at.

2. Check your ARV (After Repair Value) against the average neighborhood home value.

With a little simple arithmetic คอนโดมือสอง ราคาถูก it should be fairly simple to calculate an estimated sale price of the home after the repairs are made and determine an expected ROI. The biggest mistake that I see investors (new and seasoned alike) is to assume that someone else has probably already calculated it and passed it up, otherwise it would have sold already... right? With the overwhelming supply of homes in need of updating/repairing out there you should never assume that if it was a good deal it would be gone. SOMEONE has to be the first to spot the deal, why shouldn't it be you?

3. There has never been an easier time to get financing for improvement loans.

Grants and loans such as the FHA 203(k) Rehab Loan have provided an abundant supply of financing for the right deal. Regardless of the street talk and huff puff of investors and realtors out there, there is a ton of money available for real estate investment. It is simply a matter of pulling together the right plan with the right people. Don't hesitate to talk to your broker about what improvement funding is available in the current market.

All of this really adds up to approaching real estate with the mindset of a deal maker. I don't know about you, but I would gladly take a $2,000 discount on a new car because of a small dent or accept the floor model T.V. for half off. ESPECIALLY if my intent was to rub out the dent and resell the car for a $2,000 profit.

Create Date : 19 กันยายน 2562
Last Update : 19 กันยายน 2562 0:52:34 น.		0 comments
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