Archive for the 'Getting Started' Category
Each year, Think Realty honors the leaders and change-makers of real estate who represent the best the industry has to offer. These individuals are nominated by their peers, and the finalists are determined by an independent panel of judges who are former Think Realty Honors recipients themselves.
Their stories range from new investors just beginning (and exponentially growing) to true industry veterans with decades of experience, from single-family investors focused on just a few neighborhoods to multifamily moguls buying millions of dollars’ worth of real estate at a time, and from major industry players employing hundreds of real estate experts to one-man (or -woman) operations making a difference with just the energy of the CEO alone.
This year, Norada Real Estate’s very own founder and CEO, Marco Santarelli, was awarded Think Realty’s highest honor of Master Investor of the Year.
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Single-family home renters earn more money, have more kids, and are more likely to be married than multifamily renters.
Comparing the 16 million single-family renter households to the 28 million multifamily rental households:
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If you made $108 million dollars, would all your money problems be solved?
If you answered yes to this question, there’s a chance you don’t understand that having more money doesn’t solve your money problems. It just brings new ones.
Take for instance the story of Antoine Walker. In 1996, he was drafted by the Boston Celtics and had a storied career.
What are the best ways for beginner investors to get started in real estate? There is more than one way to invest in real estate. What you choose may depend on your immediate needs, long term goals, your aptitudes, and resources.
The following info-graphic by Offer Climb Houston and Offer Climb Phoenix breaks down these options in an easy to analyze way, followed by more in-depth examples, and sources for empowering new property investors to get started.
According to the VIX index — which is known as the “Fear Gauge” — investors are feeling calmer about the stock market than they have in 25 years.
This “Fear Gauge” is at it’s lowest since 1993.
And professional traders are scared out of their mind.
Why would that be?
When it comes to getting rich, so-called experts are full of advice on how to save your way there. There’s no shortage of articles about couples who saved their way to $1 million or “expert” tips on how to save more money.
And these articles are true. You can save more money following their advice. But you have to consider the cost. Because the saver mindset is a very different and dangerous mindset about money than how the rich think about money.
Before you can become rich, you must decide whether you want to be secure, comfortable, or rich. These are called core values, or the reasons you want to invest.
The first reason most people invest is because they want to feel more secure. That’s why Social Security or a retirement plan is very popular with people whose core value is the need for security. Security is a very important aspect of investing. You don’t want to be a destitute out on the streets with nobody taking care of you.
When you buy a fixer-upper, you know that there will be hours of work ahead. But it can be hard to know where to start. Not everyone is born a Joanna Gaines — the design mastermind behind HGTV’s Fixer Upper — but that doesn’t mean you’re doomed to a dilapidated dwelling. Here’s a handy list of initial steps to ensure that your DIY approach to home-ownership is a success.
Let’s start with: Why have an LLC?
There are mainly two reasons why you want any kind of business structure:
Pay less tax, and protect your assets.
Before you jump into creating your LLCs for your real estate holdings, there are a few things to consider. Do NOT make these three mistakes.
Think about the most successful people you know. Here are 17 things I’ll bet they’re constantly doing.
Think of the most successful person you know. Maybe we’re talking about a work colleague or a mentor. Maybe this is someone you knew growing up or in school — and you can’t believe how much he or she has achieved since then.
Ignoring the fact that stocks, bonds, mutual funds, and other investments are either over-valued or providing negative real returns, real estate has almost always been the best use of capital specifically because of your ability to leverage your investment.
If used properly, leverage will significantly enhance your return on investment. This is easy to do if you invest in income-producing real estate but much more difficult, if not impossible, if you’re investing in stocks or mutual funds.
You’ll often hear people say that they don’t like real estate because if you look at the long-term returns of the stock market, it seems to have a better return over the long-term.
Of course, when they say this, they are leaving a few key things out.
Successful real estate investing relies on several factors, but as the old adage goes, “location, location, location” is top of the list. But “location” is a broad term, and evaluating the right place to invest your dollars in real estate means identifying the right market in both the macro and micro senses.
Small is Big!
If you own one investment property you are a significant investor and contributor to the American economy. The engaged (as opposed to “aspiring,”) real estate investor population is estimated to be at 11.1 million individuals and companies. Together this tier of investors owns $3.1 trillion in single-family residential (SFR) asset value representing 13.3 million homes.
A few years ago, I was chatting about financial freedom with a close friend. My friend was very interested in becoming financially independent, and really wanted to discuss how she could increase her wealth.
However, when I shared my journey to financial independence, she had a lot of reservations.