House Invest

Taking Real Estate Marketing to a Different Level
How are you currently making your business stand out? With the amount of different real estate companies currently competing for attention, it is a crowded marketplace If you are not diligent in your real estate marketing, your company could easily be drowned out That is not a good sign because that can cause your traffic to dwindle and that means less revenues for you as either an agent or as a company . .What you can look at doing for your real estate marketing is to use the power of mobile phones This is a trend that has continued to explode into the 2000s It is currently estimated that over 700 million cell phones are in use in the United States That far outpaces the number of people even living in the country What has also continued to increase is the amount of information that people consume on their cell phones as well This has changed the landscape on how marketers will continue to communicate in the future as well There is always room for television ads and newspaper listings The number of people watching television usually decreases in the summer and many newspapers are struggling because of the decline of subscribers This has changed how real estate marketing must be done . .Now the reason to do this is simple You can reach a growing market where there are few other real estate companies currently doing advertising This is important because you can touch this growing market without as much competition Where would you rather spend your real estate marketing dollars: the growing cell phone market or the declining audience of newspapers? . .Think through people’s phone habits as well Some people prefer not to call or talk on the phone They will text though You can easily touch these people with marketing directed at their mobile phones With different features about this type of marketing, it can allow you to touch prospects while they are interested The attention span that people have these days has lessened so it is important to strike while the iron is hot This can easily put you on someone’s radar screen in an instant . .This is also a targeted market similar to direct mail You can receive a better response rate than direct mail as well Most direct mail has a response rate of one to two percent, depending upon the industry, to a rate of seven percent with text messaging You can receive a much better response rate and the time from marketing to action is significantly shortened as well . .This could be a good way to take your .real estate marketing to a different level Remember that it is not the company that spends the most money that wins but the one with the most clients This can easily happen through good strategic marketing which has a better return on investment Think through real estate marketing on mobile phones as it could be way to quickly change your business Remember that you do not have to spend more money but simply change your real estate marketing strategy .
Source: www.rsstnx.com

How You Can Use Rehab, Refinance and Cash Out as Long-Term Wealth Building Real Estate Investing
Today we are discussing a somewhat advanced strategy for you to use after you have been in the creative real estate investing business for a while. I call this Rehab, Refinance, and Cash Out . This strategy can lead to true long term wealth and financial independence. This works very well in a buyers market like Memphis where prices have been quite flat for some time. You need to use this to augment your wholesaling for immediate income and retailing for bigger short term profits. Rehab, Refinance and Cash Out is a long term wealth building strategy and will be something you will be glad you did as it is a long term buy and hold strategy, and those are the strategies that lead to true wealth accumulation and financial independence. Let me explain how this works. You find a good middle to low end 3 bedroom home that you are able to buy from an out of state owner or other motivated seller that needs a little work and you buy at 60% of after repaired value. You buy the house using a hard money lender like http://www.pleaseclose.com/memphistrading and do your fix up and have a property management firm manage the property and put a renter in the house. The hard money lender will typically loan you up to 65% of the after repaired value to purchase the house which you use to buy the house and then repair it. Now that the home is repaired you obtain an investor friendly mortgage and cash out by refinancing at 80-90% of after repaired retail value and you should be doing this with properties where this strategy gives you back at least $10,000 at the refinance that you can use in your business any way you need. Do not use this money to live on, use it solely to grow your real estate business. Once you have done this strategy on 10 homes you should be able to keep finding better and better deals because you can close quickly as you have cash in hand to make things happen. More cash equals better deals and more opportunities. By the time you repeat this strategy 20 times you should have at least $200,000 cash plus about $200,000 equity and 20 homes giving you at least $2000 per month positive cash flow whether you decide to work this month or not since you have a property management company handling things for you. With average annual rent increases, within five years that $2,000 a month should grow to $4,000 a month. In 30 years you should have $2 to 3 million plus in paid off real estate. It s a good solid long term strategy to add to your immediate selling from wholesaling, retailing and lease options that the extra $200,000 in cash will help grow tremendously. The rent minus the management fees and all loan and other costs must leave you with positive cash flow or this strategy should be avoided. If you cannot cash out on the property I don t recommend holding it long term as you want to be able to use your best mortgages to cash out. You can purchase using http://www.pleaseclose.com/memphistrading if your Equifax credit score is above 550(which is bad credit) or you have a co-borrower who has an Equifax score over 550. A good investor friendly mortgage company will give you good rates if you are at 660 middle score or above and the very best rates if your middle score is 720 or above. Your first 10 investor mortgages in your name and 10 in your spouses name are the easiest to qualify and get the best deals. After those you really need a good investor mortgage company to work with. Take the time to find the real investor friendly mortgage companies that can help you get loans for 100 properties and not just the first ten and let them have the easy ones and the tougher ones. I do recommend having more than one good lender available though, but stick to the ones that specialize in investor loans. Find out from other investors who the most investor friendly mortgage companies are to use to refinance the repaired home. I do not advocate becoming a landlord as I do not believe this is a valuable usage of your time and energy. I highly recommend asking around and finding a good property management company that will charge you 10% or less to start out with and gradually lower that % as you add more and more properties. I feel this is an advanced strategy as you won t see any cash in your pocket from this strategy for 4-6 months after you find the deal which is a long time to work and not see any pay. If you are wholesaling and making consistent money each month then it shouldn t matter. This strategy will magnify the profits you make in your investing business in ways you might not have imagined. This strategy is a natural progression from wholesaling as you are already helping others find these kinds of deals, now you will be able to get the cash out typical of probably 2 wholesale deals, just paid slower, and at the same time building a nice future nest egg.David Neese is a real estate investing author who offers a free course for real estate investors delivered by email, audio and teleseminar which you can get for free at: http://www.FreeRealEstateInvestingCourses.com You can find more information about David at http://www.DigitalSuccessCoach.com
Source: www.ArticlePros.com

California home auctions Using available resources to your advantage
You can get information pertaining to real estate auctions, which take place in the state of California, from the local dailies The auctioneers of California home auctions are required to advertise seized homes according to the law, in some media before proceeding with the foreclosure auctions The advertisement would appear in papers twenty days prior to the date of auction It is mandated to contain information such as venue, time and date of the proposed auction . .Role of internet . .Another useful source of finding out about foreclosure auctions and houses on sale in California is the internet There is a plethora of information on the internet about the housing sector and the various auctions conducted Government auctions, property auctions, real estate listings auction etc are all detailed out in the websites on the internet Specifications of foreclosed houses would be given on the websites . .Why you should pay firsthand visits to the property? . .Some of the websites even include photographs of the property Anyways, it is always in better interests to visit the property before making up your mind Firsthand visits would provide a clear picture about the property and home The accessories and special improvements that might have been done can be evaluated on visiting it The money, which might be required for improving it, also can be calculated and budgeted The exact value of the property can be assessed on visiting it . .Use real estate agents for your help . .The most prominent of real estate agents in California are Sharon Abbotoni, Robert Taschereau, Eric Kail and Gary Sandelier These agents are very well aware of the foreclosed properties available in the state along with vital information on California home auctions They offer invaluable guidance to customers and help them to choose the right property according to their budget and requirements .
Source: www.rsstnx.com