Tony talks to us today about the role of the real estate agent when buying properties for investment purposes. As you may know, when it comes to real estate transactions, there is the seller’s agent and there is a buyer’s agent. The agent who is representing the property is obligated to work in the best interests of the seller, whereas the buyer’s agent is obligated to work in the best interest of the buyer. However, most real estate agents are used to dealing with the typical home buyer
If someone were to ask you to sell a year of your life, what would you charge for that? In other words, give up one complete year of your life, at what price? It’s a tough and challenging question but one that all of us should consider, at least in the abstract.
Why is this an important question? Well, for one thing, what you would sell it for is not really the question. Moreso, what is it worth to somebody else? Because it doesn’t matter what you would CHARGE if you don’t have a buyer. Ah, now things start to get really deep.
You’ve bought a place, and you’ve put in the work to renovate and get it ready to turn a profit. Now you’re ready to sell or rent! But wait - There are a few vitally important things to keep in mind when it comes time to list your investment property for sale or for rent. Here, Natalia Duque, Director of Marketing for Freedom Private Money, uses some of her marketing know-how to help you succeed with your listing. Hopefully, you’ve done your homework on comps and have set a fair price to turn a nice profit. Photos and description is what will get those potential buyers to your listing. This video focuses on the description and how to maximize its effect.
Recently, Housingwire.com published an article indicating that now, it was possible for investors to finance 100% of real estate purchases.This article is a little misleading and also causes some concerns about the financial sense in these sorts of loans. Typically, a hard money lender will loan the lessor of 100% of the cost of the real estate, or up to 70% of the Loan to Value.The article goes on to say that an investor can get their hard money loan from a hard money lender, then go to a source such as SoFi and get a personal loan for the remainder, making up a 100% loan for the project.
Chris Jameson, Founder and CEO of Freedom Private Money, has been in the real estate investment business for a long time, and learned his way around the entire process. One of the biggest questions he hears from potential investors is how to handle contractors. When it comes to your investment team, your contractors can be a source of insecurity and headaches. In the building trades, turnover of employees is high, and things like weather or even other jobs the contractors have going can stall your progress.