Who else is concerned about where to put their hard earned money? We have an interesting dichotomy right now where foreigners are using their strong Euro, Canadian dollar, Saudi Riyal, United Arab Emirates Emirati dirham, to buy up United States real estate…and for American residents, we are wondering where we should invest as the U.S. dollar weakens, stocks plummet and real estate prices decline. [Read more]
In my last post, the principles of real estate value was discussed and I alluded to the next demand cycle for real estate in Las Vegas and promised to you the list of casinos that will assist in this demand cycle. This is all part in understanding supply and demand cycles in real estate. [Read more]
One of the basic “Real Estate 101″ things to know is supply and demand cycles. This is taught and mostly forgotten in realtors’ pre-licensing courses: The Principles of Value. If anyone can really understand the main principle of value in real estate: YOU must know SUPPLY AND DEMAND, then you will make money.
Some experts say that 98% of real estate agents don’t understand or grasp basic supply and demand cycles. The 2% that do will be all stars in their field. In addition, as a real estate investor, you will then know what type of real estate investing to do based on supply and demand in your area. Click more to read on… [Read more]
You read this right, yes…a Stripper Pole! What does that got to do with real estate? Well, as a real estate investor I make my calls to for sale by owners and motivated sellers and the other day I called one of the ads in the newspaper, property is surrounded by foreclosed properties in a nice area of town and this property is a potential deal.
I made plans to meet the motivated seller at the home and while touring the interior of the home and entering the master bedroom…voila…a stripper pole installed on a nice stage in the master bedroom!
Only in Las Vegas?? Click to read more! [Read more]
On to lesson II of what I learned from the enlightened wealth institute.
2. The Power of YOUR Mindset - When it comes to being an entrepreneur, it can be very daunting to face your F.E.A.R. (False Evidence Appearing Real) and I vividly remember Karen Nelson Bell sitting down with me on a personal one-to-one discussion in 2003 where she laid it out plain and simple that you MUST visualize your future as today and even write a letter to Robert Allen or your loved ones as if it was three years out and here is the exercise:
More than five years ago I took my first real estate investing course, the enlightened wealth institute workshop and after those 3 intense days…my first thought was “Why the heck don’t they teach this stuff in high school, college, or for goodness sakes…even MBA courses!”. [Read more]
Foreclosure is just one of those areas. It was Robert Allen who said “More bargains are available in the area of foreclosures than in any other area of real estate.” (Multiple Streams of Income - p.157)
Some of you may know that one of the keys to making my first million in real estate was research and watching for economic trends of an area. For instance, in the early 2000s…I’ve never visited Las Vegas yet I fully moved there just for the real estate market!Fast forward to today, I do see great trends for a few areas and each area has a specific ‘real estate investing’ tactic required to create wealth for you. Let’s look at one trend some of you may know I’ve been watching for over a year now. That trend is the foreign investment in other countries and fractional real estate. My trip last fall to Ecuador to investigate in-depth with real estate developers the ‘lay of the land’ so to say of Ecuador real estate showed me that indeed, Ecuador is the where Costa Rica or Mexico was 10 years ago and I believe it is time to seriously consider buying real estate in Ecuador.
Now…let’s go to the ‘great sign’, just released today is a press release from Delta Airlines how they are adding more non-stop flights to Ecuador. You can read the press release by clicking here, and the interesting trend is that while airlines are closing or decreasing certain flight routes… here is a major airline investing into the routes to Ecuador!
Hope you enjoyed this post, Maria Gudelis
©PA / R. Naden
Now this post may seem odd on my site about real estate investing and using Web 2.0 to increase your profits but after watching such a thrilling match between two champions, Nadal and Federer, I just had to share a key thought.
You see, the one thing Nadal attributed to ‘Why he won’ was his repeated answer to the interviewers, “my positive attitude”. If anyone was lucky enough to see the epic match between two highly respected athletes, you would understand his answer as indeed, mindset is what can make or break a championship match.
The same applies to your life and how you live through each day in your entrepreneurial business. No matter what the challenge, a positive attitude wll make the difference for you!
Well - one may really ask that since we keep seeing real estate in the U.S. declining in value. I’ve seen just in the last two months, one home go down $20,000 in value. One of the key things hurting the values in a given neighbourhood are the short sales that then bring in the comparables down quite a bit.
For instance, if you see a home worth $300,000 and in the neighbourhood 2 short sales happened where the bank accepted an offer of $250,000 for a $300,000 worth home - they did so as they are motivated to get it off their books as no bank wants to keep a non-performing asset. So the downward spiral into Dantes’ inferno of real estate price declines keeps on going because the foreclosures are steadily increasing in this economic environment and the ‘teaser’ rate loans that are adjusting to ‘fixed’ rate, omg I can’t afford this mortgage payment anymore!
So what is real estate investor to do when the equity you think you may have might keep going down?
The key is to know what the demand is for property in that area and that is not as easy to discover as the supply of homes are. If you have a qualified buyers list wouldn’t that make you feel much safer in your real estate investments and take your risk out if you have a buyer before you even contract that property?
If that is of interest to you, check out how to get your real estate buyers’ list going by visiting virtual real estate investing and marketing system
