Everyone we talk to at FCTD has an opinion about the COVID-19 pandemic, from borrowers, Realtors, mortgage brokers, lenders, escrow officers, and everyone else we talk to during the day. Listening to people is fascinating because it shows where people get their information from. Sources of information are far ranging, from scientists, doctors, friends on the front lines or in the medical field, financial analysts or journalists, right-wing and left-wing media, along with YouTube conspiracies that go viral on social media. Everyone has facts, alternate facts, opinions, and fears that come out in conversation.
Current updates on the real estate market, private money, hard money, and trust deed investing.
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According to Richard Branson, “Luck is what happens when preparation meets opportunity.” In other words, if you’re going to become a successful real estate investor; start preparing now and when you find that perfect house, the mythical creature that is “Luck” will arise.
After ten years of steady economic growth and low interest rates, inflation is now beginning to rise in the U.S. Inflation is expected to continue to rise, and it’s vital for real estate investors to understand its effects and how to mitigate it.
Investment property is an excellent way to build personal wealth. The key is, of course, to sell for much more than you purchased and put into it. When you see you can hit that point of cashing in, you’ll need to be ready to take advantage of the opportunity.
As a real estate investor, your main objective is creating a property that has value. That value can be through fixing and flipping or renovating and renting. When you go to list or rent, you’ll want to arrive at a number that makes money for you but also makes sense for the property itself. Once you have obtained a property, it’s all about improving its worth. Many factors determine a property’s worth—some of which can be enhanced through your renovation efforts. Let’s look at what will influence your final price.
In looking at the cities with the most growth, it’s basically looking at where the country wants to live. Many people are flocking to west coast cities, finding them to have stable employment, lots of amenities, good schools, and a housing market that still affords the middle class a chance at homeownership. With the growth in these cities, it’s a good time for investors to consider buying properties there with the opportunity to either have rental income or to flip and resale.
As you know, the real estate market is looking strong throughout the country. Prices have somewhat moderated and new cities are becoming very attractive for real estate investment. However, not every market is created equally; some, like the West Coast, are more appealing than others. Let’s look at some of those cities and what makes them the places for the best return on investment (ROI).
The short answer to the question is yes. This trend has many influences, most significantly that it’s still a seller’s market. The demand for homes is still greater than the supply. With such competition, many won’t be able to afford or find a home, leading to higher demand for rental units and higher rental fees.
There are endless tips and tricks out there claiming to help make your property look attractive. But when you need a quick, effective boost before viewers start rolling in, consider this: how does your property smell?