Real Estate Investing Tips

I was looking at some different data today (attached to this post), and it's showing some interesting numbers that might suggest we're near or already hit the bottom. The big question is... why?

Lending is tight, the economy isn't so great... so why are we here, if we are? Has it hit that magic price floor, or are people buying?

If the market is turning, why isn't the media all over it (somewhat of a loaded question if you've read my posts about the media usually being a couple months behind the curve when it comes to any financial market)?

We're proud to announce the second installment of Dean's Deal of the Month video series has been released!

Listen to the call at: http://www.askdeang.com/

Below is the assignment created by Anita that is discussed during the call. Add your replies here!

Special thanks to Anita for thinking this out and putting it together!

1. Locating properties that are unlisted and/or not for sale

a. How to locate homes that you want to research.
b. Where to look.
c. What are the visual signs of potential properties that make be good deals.

2. Researching the data/owners

a. How to use the internet locator's like Google, white pages, cross reference
b. Asking the neighbors
c. Using you local courthouse as a resource
d. Using web programs as a source

Since many people wanted to know how to apply the concepts Dean Graziosi teaches in his books in real world real estate situations, Dean went out filmed a new series to show everyone how he used creative thinking to make the very deals happen that led him to wealth. We will continue to post a new deal each month for the extent of the series.

Unlike many other so called real estate investment “pros” or “gurus” selling books or courses, Dean is actually a real estate investor, is still a active investor, and made his money in real estate, not from selling books about it.

What steps happen, when they occur, and how each presents its own unique and different investment opportunity.

Many of us think of a foreclosure as an auction sale that starts when everyone gathers around the courthouse steps and begins to bid on a property. Once the gavel comes down, it’s over, and the whole thing might take an hour to complete. But technically speaking, a foreclosure is a long series of legal processes that unfold over a period of weeks and months, one after another, culminating in the repossession of property by the lender (or in some cases, by a taxing authority or other interested party).

Cap Rate, or capitalization rate, is a popular calculation used by real estate investors. Using Capitalization Rate, an investor can:

1. Determine the expected net operating income based on the property’s listed price as compared to other similar properties sold recently.
2. Calculate the price you should offer for a property based on the prevailing cap rates in the area and the net rental income of the property being considered.
3. Using the value/asking price and the net income of a property, you can determine its cap rate and compare that to prevailing rates in the area.

Craigslist is the small real estate investor’s dream come true. It is ideal place to find investment properties, materials for renovating properties, and even sell your renovated properties. Millions of people search Craigslist daily. Best of all, it’s completely free to list items for sale, and you can list items all over the world. All you need is a Craigslist marketing plan.

When real estate was appreciating at a rapid rate everywhere, new investment “experts” were popping up left and right. And, this being America, there seems to be a need to come up with a newer and better mousetrap to prove value. The problem comes when the fundamentals of investment are ignored or replaced by so-called sophisticated strategies that multiply risk to achieve dubious rewards.

Dean had his most recent conference call on February 27th, and some are saying it is the best call he has ever had. You can listen to it online right here.

It will give you the insight and mindset you need to be a real estate investor, along with addressing some specific techniques you can utilize in the market right now.

You can find all of the conference calls at http://www.askdeang.com

Dean Graziosi writes in his book, “Be A Real Estate Millionaire: Secret Strategies for Lifetime Wealth Today” the same strategies Dean has been using for over 20 years, and teaching to novice real estate investors all across the United States. That book quickly became the fastest selling real estate investing book in the country and a NY Times Best seller. It is a simple, straight forward real estate investing guide for people who want to know how they can use