philadelphia county: Hard Money Lenders-Predator or Savior?
- 03/11/19 11:26 AM
There are two myths about hard money lending that I like to address today. One, hard money lending is the best way to get funding for a fix/flip. Two, hard money lender prefers to foreclose on your investment rather than collect the high interest payments. Hard money lending is misunderstood by new investor. It's unfortunate because it can be easy to navigate if understood properly. The myth that hard money lending is the only way to go when buying a fix/flip is inaccurate. There are several sources of funding to seek out first and foremost before selecting a hard money lender. However, after … (0 comments)
philadelphia county: How to Flip/Fix
- 02/26/18 04:21 AM
You may watch television and have seen the numerous fixer upper shows that highlight the ease of being able to make quick money by purchasing a house for a low cost and then doing a complete renovation and selling it for a higher price. The television shows are exciting to watch-the drama and suspense of it all, and the final beautiful project is unveiled, and we are left in awe. We say to ourselves. I can do that. However, the television show that airs for 30-60 minutes, cannot show you all the intricate details that are involved. There are some benefits. You can … (5 comments)
1. Travel 2. Video Rental 3. Music Industry 4. Newspapers 5. Bookstores … (6 comments)
philadelphia county: 5 Reasons to Buy
- 02/21/18 03:03 AM
5 Reasons to buy a Home and proof by some very smart people at Harvard 1. Housing is the one leveraged Investment available "Homeownership allows households to amplify any appreciation on the value of their homes by a leverage factor" Harvard Report 2. You're paying for housing whether you own or rent "Homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord" Harvard Report 3. Owning is usually a form of "forced savings" "Having to make a housing payment one way or the other, owning a home can overcome people's tendency to defer savings" Harvard Report 4. There are substantial tax … (4 comments)
Zenplace in San Francisco is using robots to conduct showings. When buyer's show up at the unit the robot greets them and leads them around with the image and voice of the agent on an ipad. Yes, I know. Weird. But it's the trend of the industry. Maybe it's the future of how we show real estate. I would love it, I prefer working with sellers because it difficult for me, with my condition, to shuffle around buyers. So the perfect solution has arrived. Exciting times I say, … (3 comments)
1. Consistent and excessive amount of communication 2, I provide market research 3. Report market activity 4. I am genuine 5. I am grateful that out of thousands of Realtors my client chose me.
My goal is to get from the kitchen table to the settlement table, quickly! … (1 comments)
philadelphia county: Benefits of being Realtor/Investor
- 02/18/18 09:04 AM
Small scale development can increase your real estate business. Your buy-in to real estate as an smart investment can boost your creditability. I wouldn't take advice from a stockbroker who doesn't own stock.
Development also fulfills the needs of communities-especially for Urban Development. Creative building and development can better the neighborhood and create more demand.
While attending Broker School, I caught the bug of real estate development. I plan on attending an intensive small scale development boot-camp this year. For information on workshops and boot-camps go to www.incrementaldevelopment.org/events … (4 comments)
1. Everyday is a new start. Begin everyday at zero. 2. Say "no" more often-goes for family, friends, organizations, time wasters 3. Delegate almost everything-All do what's important, valuable, meaningful, and fun 4. Meal plan for the whole week. 5. Always use a time management system-CRM, Day Timer, Franklin Planner 6.Spend some quiet time-pray, meditate or just be still 7.Eat healthy and exercise 8. Plan your day in advance 9. Start your day earlier, get up earlier 10. Simplify life-We tend to make our lives more complicated then it needs to be. … (3 comments)
1. Taking overpriced listing (priced reduction schedule in contract-ok) 2. Listing properties at a reduced commission 3. Taking out buyers who don't buy from you 4.Wasting time at the office socializing or gossiping 5. Batting cleanup for other people's poor service
The opportunity cost or loss commission-$20,975
Work smarter, not harder … (1 comments)
philadelphia county: Top Do's and Don'ts for New Realtors
- 02/17/18 03:41 AM
To Do: Be Prompt and Punctual Do More-Go Above and Beyond Excessive communication throughout the entire process Use a listing and closing activity plan-document everything in a CRM or on paper. Whatever you use-Follow up Listen to your clients Don'ts Respond late Use Fancy Industry Jargon Don't treat clients like transactions Ignore Technical Communication Preferences-some client want you to communicate via text, some face-face Lastly Become the agent people can't stop talking about. Transform you business into one fueled by repeats and referrals if you adopt and get rid of some of these habits. People will want to share their positive experiences with … (1 comments)
expired listings, FSBO, craigslist, divorce attorneys, estate attorneys, financial advisors, members of the military, sports/celebrity agents, property managers, title agents, homebuilders, home remodelers, architects, interior designers, boy scouts, girl scouts, church groups, school volunteers, nonprofits and charities, auctions, website, blog, social media, wedding planners SOI, Zillow, realtor.com, repeat clients, broker leads, government agencies, floor time, podcast, for sale signs, open houses, name badges, professional organizations, networking groups, absentee owners, classes/seminar, moving companies, Uber/lyft drivers, … (1 comments)
philadelphia county: You want to buy a home? Do this first...
- 02/16/18 03:39 AM
If a buyer is interested in buying a home, they should start the process 6-9 months before the purchase. It should begin with checking their credit. If any issues are found, they can work on that immediately. However, it takes several credit cycles (every 30 days) for the credit report to update. Credit is one of the 3 C's (credit, capacity, collateral) needed with buying a home and it is very important. Having a good to excellent credit score will determine how much you will pay to borrow money-essentially your interest rate. When reviewing their credit reports, they should be looking … (2 comments)
philadelphia county: Property Coin is the new Bitcoin for Real Estate
- 02/15/18 09:09 PM
It's exciting times in the world of technology and real estate. A new cryptocurrency called property coin will hit the market in a few weeks. It was built on a blockchain platform similar to bitcoin. The future is here Realtors. Title companies will soon be obsolete and real estate will transfer via a click of a mouse. Are you afraid? I'm not. Change is inevitable.
The concept is interesting. Aperture Real Estate Ventures is the genius behind property coin. The currency will be back by real estate investments and loans from the investment company-which as the companies holdings increase so will the coins value. The … (3 comments)
1. RE License courses didn't teach you how to find new clients. 2. You are in the lead generation business first, real estate business second. 3. Your work hours will be crazy. (prepare your family) 4.Real estate is harder than you imagined-you need not just one client but hundreds 5. Most Realtors are not hard-wired to be self employed (your own boss)
Bonus Tip: It gets better, eventually you will build a referral business and will not have to work as hard. Good Luck! For help on how to get started quickly and to prevent some of the … (2 comments)
Tips for Rental Inspections As a Realtor, when I conduct a showing or a walk-through with my client, I am looking for active leaks, ceiling and floor stains, electrical amps, fresh paint, safety concerns (missing railings, trip hazards), adequate space in kitchens and bathrooms, closet space, storage, and most important cleanliness. As a new landlord you should look at your rental unit as if it were a place you would live in. Give it the same inspection you would give to a place you would be interested in renting. It doesn’t have to be top … (2 comments)
philadelphia county: Condo in Philadelphia, Fairmount Park View
- 02/14/18 02:11 AM
Gorgeous mid century-modern two bedroom unit at the Park Plaza Condominiums! Tremendous amount of natural light from the huge balcony! Beautiful view of nearby Fairmont Park. This 2 bed/ 2 full bath unit has an open floor living and dining rooms with Pergo flooring. Master bedroom has it's own dressing room with massive closets, en-suite bathroom. Park Plaza features many amenities including an outdoor pool, indoor pool, tennis court and beautifully landscaped grounds. The building has 24 hour concierge, and a doorman. In addition, there is a on-site gym with indoor pool, conference and party rooms, and most importantly, plenty of … (2 comments)
philadelphia county: How do you stay motivated?
- 02/13/18 04:17 AM
The sales industry is stuff. It doesn't matter if you are selling cars, insurance, advertisement, and such-it's a daily grind. How do real estate agents stay motivated to continue on day after day, week after week, month and month, year after year in the face of rejection, disappointment, and a roller coaster ride of a dozen more emotions along with commissions. Well, I write my goals down everyday and every time I encounter a frustrating or difficult challenge to remind myself of what my end game ultimately is. I also exercise, blog, journal write, read, pray, meditate, take mini breaks, and laugh. What do you do … (2 comments)
philadelphia county: The end of the real estate industry is coming????
- 02/12/18 01:28 AM
Ever feel as if you’re caught on a rollercoaster that just keeps going faster and faster while you get dizzier and dizzier? Well, you ain’t seen nothin’ yet! The real estate industry as we know it is coming to an end ... Engelo Rumora Date: Friday, February 9, 2018
Ever feel as if you’re caught on a rollercoaster that just keeps going faster and faster while you get dizzier and dizzier? Well, you ain’t seen nothin’ yet! The real estate industry as we know it is coming to an end. No, I’m not talking about implosion or extinction, but revolutionary change beyond … (2 comments)
philadelphia county: Why agents are afraid of the big F/U???
- 02/11/18 07:46 PM
Yes, i said F/U! Follow Up! As a Realtor following up should not be a scary thing to do. It puts money in your pocket and gives you an opportunity to soar beyond measure. I sold approximate 100 homes in my first two years of real estate sales, and many of those sales came from relentless following up. I did not quit when the homeowner said no I'm not ready to list my home, I kept pushing gently, with their permission of course, to continue to pursue the listing. Sometimes, I followed up once, some twice, but often it was months … (1 comments)
philadelphia county: Property Taxes Eliminated in Pa?
- 01/26/18 04:54 AM
Pa. could eliminate property taxes this year, senators say After years of property owners’ complaints, 2018 might be the year that Pennsylvania dramatically changes its real-estate tax system — if a few state senators have their way. A decade-long effort to eliminate or reduce property taxes has gained new momentum, after a constitutional amendment passed in November that allows the state to exempt owner-occupied homes from real estate levies. Now, the legislature could use that exemption to eliminate school property taxes. A group of senators is working to find a bill that has a chance at succeeding, said state Sen. David Argall (R-29). Argall … (4 comments)
There are two myths about hard money lending that I like to address today. One, hard money lending is the best way to get funding for a fix/flip. Two, hard money lender prefers to foreclose on your investment rather than collect the high interest payments.
;)
;)
