Types of Commercial Real Estate Jobs

What is commercial real estate? If you are reading this after searching over the internet, you definitely know what commercial real estate is. However for the sake of our new readership, commercial real estate is a property that is owned for the purpose of generating income. There are several types of commercial real estate which include: Retails, hotels, residential apartments, office buildings and Industrial property.

Commercial real estate is one of the major categories of real estate. In this article, we will be digging into some of the jobs associated with commercial real estate and their qualification needs. Generally speaking, all jobs require a certain level of qualification and commercial real estate is no exception.

Commercial real estate jobs cover a wide scope ranging from entry-level jobs, which require little or no qualification, nor experience, to top level management jobs that have high qualification needs. To work in commercial real estate, one has to fall under one of the following categories: 1. Construction Workers, 2. Real Estate Agent, 3. Seller Agent, 4. Buyer Agent.

1. Construction Workers

Without the construction work force, commercial real estate would not be in existence. This is part of the real estate industry that is responsible of designing and constructing new buildings to be used as commercial real estate. Construction workers include engineers and casual laborers who do the heavy lifting during construction.

2. Real Estate Agents

Another group that forms a big part of the commercial real estate jobs are the real estate agents. These agents take upon themselves the responsibility of buying and selling properties on behalf of homeowners, businesses and investors.

Real estate agents can be broken down further into two groups. That is, the seller agent and the buyer agent. The main difference between the seller and buyer agent lies in who they represent. A seller agent helps in finding buyers for property owners whereas a buyer agent helps a client to find a property that suits their needs.

3. Seller Agent

Seller agents need to have skills in marketing. This is because they are more focused on closing sales as that is their main mandate. A seller agent can be an individual or an organization that assumes an organization structure. In the case of an organization, several job posts will be available because an organization structure will imitate the management pyramid which consists of the executives, managers and functional workers who are found at the bottom of the pyramid.

4. Buyer Agent

Similarly, a buyer agent can be an individual or an organization. However, while the seller agent is a skillful marketer, a buyer agent is focused on research and bargaining affordable properties for their clients. In conclusion, commercial real estate jobs are structured to fit organizational requirements. Commercial real estate companies have posts for managers, accountants, and IT specialists among others which are tailored to meet their specific needs.

Where to Find These Jobs

These jobs can be found on online job listing sites depending on your location or in newspaper job listings. As we said earlier, qualifications depend on the job that one is interested in. From entry-level jobs to executive positions, all can be found in the commercial real estate industry. Which of the above categories interests you the most?

This Upcoming Real Estate Market is Going to Be Hot!

Hello Again

Hello everyone! I wanted to write a brief article to talk about how I’m very excited about this upcoming real estate market season. Homes are really starting to heat up and I believe this year the real estate market will be better than previous years. There seems to more buyers than sellers again this year so you need to act fast when you find a home you really like.

Keep Me In Mind for Your Real Estate

Let me make a shameless plug and tell everyone out there who is trying to sell a home, or buy one for that matter, that I’m here and to please let me know how I can assist you in selling your home. I also have made it a habit to come to prospective client’s homes and to provide my opinion on what the homeowner should update in order to get the most value out of their home.

I have an extensive network of appraisers and contractors that I use on a regular basis if you need a referral to get an appraisal or to make the much needed changes to your home. I take pride in helping my community with their real estate asset.

I also have many checklists I can send you that help keep track of the recent changes you’ve made to your home and especially which changes really make a difference in home value. Every season buyers are looking for slightly different things in a home and it helps to be aware of the current trends prior to you putting your home on the market.

For Those Who Want to Purchase Real Estate, I’m a Buyer’s Agent Too!

Let me speak now to those wanting to purchase a home. If you haven’t already selected a real estate seller’s agent I am currently taking on new clients. I have many years in the real estate business and have sold many homes throughout my career. The first step is to contact me and I will get to know what types of requirements you want in a home, what areas you already like, other neighborhood attributes like schools, hospitals, highway access etc. and then I will send you a list of homes that will fit your criteria. We would then work together to identify what you like about each of the potential homes and let me hone in again on other listings.

I really do enjoy helping others find their “home.” After all, a home is more than just a structure, it’s a feeling as well.

I won’t make this post too long but wanted to reach out to my community and tell them that this will be another exciting year in the real estate market and to keep me in mind for either or buyer or seller agent. Let me work for you and speed up your home buying/selling process. If you’re interested please contact me here and I’ll be in touch shortly. Have a great rest of your week and stay safe out there!

The Best Time to List Your Home for Sale

Introduction

The real estate business is booming. More and more people are venturing into this lucrative business to reap the big profits. Home sales are on the rise all over the country and builders are enjoying good proceeds. A good number of people have decided to venture into this business and it’s important to note that there are good times when you can list your house on sale and realize good profits.

Pick the Best Time

As a business person it’s important to note that there are times when business is good and times when business is not good. For those who sell houses below are some of those best timings when you can list your house for sale and make good profits out of it.

The best time to put your house on the market is during the spring period. During this time buyers are out in full force and ready to spend a good amount of money for a nice home.

The warm weather during this season offers a nice moment for buyers to venture out and look for houses to buy. During winter it’s a difficult time due to the cold weather experienced thus locking many buyers out. Most people also look forward to this period to buy a home so that when schools close they will be ready for the new school year calendar. Don’t forget to fill out your “home selling checklist” prior to your real estate agent showing up at your home.

More Buyers than Sellers

Spring is the time to list your home because there are more buyers on the market than sellers. This makes it a good time for sellers to maximize profits on the market due to the large number of buyers looking for homes to buy.

Thursday is the best day of the week if you’re looking to list your house for sale. This important because Saturday is always an important day to the real estate industry. This is when more people go online to find a new homes. After putting your house for sale on a Thursday, it means that when the Saturday comes your house will just have been listed for two days. With fewer days on the listing you stand a high chance to sell your house at a good price.

Fall Is Also a Great Time to List Your House

Autumn is also a good time to list your house on the market for sale. People are usually back from their holidays and children back to school. Most parents will tend to use this period as an opportune time to go house hunting. Although it may not be as successful as the spring period. It’s important to note that once you list your house for sale do not let it go beyond mid-November. At this time we are heading into winter and you don’t want to have your house listed during this period, because it may go for a long period of time without attracting any potential customer. Eventually people will lose interest in your house thinking there is a problem with it.

Conclusion

For those who want to sell their homes, spring is the most promising period. This is when you need to put your house on the market and make good money out of it. This doesn’t mean that you cannot sell your house any other time but it’s the period when the industry flourishes and you won’t make a loss out of the sales you make.

Did you end up selling your home in the spring or fall period? Let us know.

7 Things To Know About Open House Sign In Sheet

In the real estate business, nothing is more vital than information and a good relationship between the real estate agent and his customers. That is why, a converting Open House Sign In Sheet plays an important role in gathering information and helps in the establishment of professional relationships. The main purpose of this document is to protect the interests of the owner while getting them to relax and get comfortable so that they can share without fear their contact information.

1) Ample Opportunities

By applying this technique real estate agents significantly boost their chances of success when striking a deal with potential customers. And even if they do not manage to accomplish their initial goal of buying or selling, they still world be able to establish a certain bond with their customers, which may prove useful in the future. There is much to gain from this endeavor, and little to lose in actuality.

2) The Right Time and Place

Most real estate agents will use cheap tactics and tricks in order to sell a given property in the quickest manner possible. But those who are wise enough to realize, that comfort and charm are half the deal, get a larger success rate. That is why usually an Open House Sign in Sheet is used strategically on weekends, when people are not going to work and have free time on their hands. Due to the certain quantity of comfort that the real estate agent provides, it is more likely that the customers will buy.

3) The advantage of open house viewings

Not only is it easier for the estate agent to gather more people at once, then to wait for them one by one, but there is also the key factor of competition. The problem with buyers in a situation of pressure and tension, due to the competitive nature of humans, is that they will more easily succumb to the influence of their primal selves. That means, that they will be more willing to pay, way more than they initially intended.

4) Recommendations for Templates

Every document has a given basic basis, which is the very core of that document. An Open House Sign Sheet is no exception to that rule. So here are a few of the pieces of information you need on the sign in sheet.

  • Name of the customer
  • Current address of the customer
  • Contact number of the customer
  • Customer’s email address

5) Additional survey

By additional survey, it is meant that you combine your simple templates with a given survey. The point of that is to remove all suspicion and simple questions out of the way, so that more detailed ones come into play, when necessary. For instance, some of the questions are ‘Have you been granted consent for a loan?”or “What preferences does one have in terms of the property one seeks?” Another piece of advice is to use statements with tick boxes next to them, because questions with open answers are off pulling. Keep it simple but smart!

6) Add depth

A detailed template is another viable option, but with higher chance of risk. As stated before, usually people prefer to keep things simple, but when one adds a layer of depth into ones work, the game is on. High risk, high reward. Here the real estate agent needs to be a bit more persuasive. In order to gain additional helpful information. For example, one may ask about if the customer has any form of a timeline for purchase or if they are either interested in buying or selling. This way you are prompting the customer to reveal himself and his intentions. “Do or do not, there is no try!”

7) Tips on Convincing your Customers

The main idea is that the real estate agent needs to be frank and honest with his customers, because it is only natural that they will respond with the same, if given the chance. This is how the estate agent will convince them to fill out the Open House Sign In Sheet. Another tip is to keep them interested, make tempting offers, but do not exaggerate to the point of no compensation. Explain to them every detail, and for what will their information be used for. And last but not least, convince them that they will need this deal. Of course, that does not mean to push them or be generally impudent, that is not the proper way. In order to succeed, exploit their desires intelligently.

Conclusion

In conclusion, all of the aforementioned factors are essential for the success of the Open House Sign In Sheet, and by success I mean the ability to convince one’s customers to fill out the form. Most certainly it will not be easy, but as with everything in life, one step at a time. The real estate business is no exception. These seven steps, are the very core of this strategy. A potential formula for success broken down to seven simple steps.

Drop us a line and tell me if you have other factors that should be considered. Happy property hunting!

How to Get a Real Estate License – The Easy Way

If you are thinking about venturing into the unknown world of getting your real estate license, you have thankfully come to the right place! I will teach you the easiest, fastest and cheapest way to get your license and being on your way to a fantastic career in no time.

You are going to want to venture over to realestateexpress.com. This is going to be the foundation of getting your license. The site is very organized and easy to use. The first thing you are going to want to do is enter your state and which courses you are wanting to take during this process. There will be four different packages you can choose from, making sure you get the best one that fits your needs. These courses are designed to allow you to retain information and learn at a fast paced level. Do not worry, there is a pass or do not pay guarantee. This site is so sure of their way of getting you on track that if you do not pass your exams, you do not have to worry about paying them. For anyone that knows anything about real estate, that is a promise that you cannot pass up!

Each course is separated by each specific target that you will need to learn in order to be a prime realtor, that way you do not have everything thrown at you during one time period. You are also able to retain the information at your own pace. All of the books are done online and can be downloaded directly to your computer or mobile device for easy access all the time. Whether you are at home or on the go, getting your real estate license has never been so simple.The course work is also completely online, giving you the freedom to master this trade with the freedom of your own time.

After you get your license there are other classes offered, to make sure that you know everything there is possible to know about your new job. When it comes to this profession, you can never know too much. The more you know, the better chance you will have with closing more deals than ever.

Now, not everything you know can be learned in a classroom environment, hands on learning is something that will be beneficial to your growth once you get out into the field, but this path will get you the peace of mind you need to advance into that next step of this career. Of course, getting your real estate license is going to be most dependent on your hard work and dedication, but lucky for you, you have the best support to help you walk through this process with Real Estate Express! It is important to remember that each state is going to have their own separate rules and regulations that you will have to follow depending on where you live. Make sure that you look into those and make sure that each is met upon finishing this course- the first step in becoming an amazing realtor, is knowing all the details! Good luck on your venture and may you have a lifetime of success down this path!

Why You Should Use a Realtor to Sell Your Land

According to the Cambridge English Dictionary, a realtor is a real estate agent or a person who sells or rent houses, land, offices or buildings and who is a member of the national Association of Realtors. In reference to this descriptions, we can highlight a number of reasons why you should sell your land using a real estate agent. These Include:

1. You will not skip a step

A realtor understand the whole sales process. It is highly likely that you could be owning a real estate property and in this context land, but you don’t know how to go about it when you want to dispose it off. A realtor understands the rules of the game and so will help run through the process without skipping a step.

2. A realtor has good grasp of the market dynamics

Based on his/her experience, a realtor can help you understand how to go about it. He/she can help you on pricing. Real estate value, land included advances over time. A realtor will help you establish the current market value. He/she also knows the specific marketing strategies that sells. You can attest that establishing price and marketing plan will be quite some task, if you chose to do it by yourself.

3. Avoid being manipulated/cornered

From the above definition, you note realtors are always registered, implying that they comply with certain state statutes and guiding procedure. It is also prudent to note that the return on land sale are always high and any other person selling for you might want to pursue their interest more than yours. They may endorse compromise and trickery so as to benefit more. By selecting a realtor, you will be free from being cornered because they are regulated, they know their role, their limit, their share and the consequences of misrepresentation.

4.Follow up, negotiation and closing

lt is always one thing to identify a buyer and so many other very crucial stages that determine whether, you will have a successful sale or you will get back to the market. Realtors are very good at, identifying buyers, profiling them, follow up, negotiation and closing. They will help you save on time, by knowing which leads are hot to close and cold to move on. They know when to invite for meetings, when to call for documents and when to ask for payment.

5. Accountability

When you contract an a realtor to sell your land, you enter into an agreement that is fully executed for future reference. His/her mandate are clearly indicate. The contract can be use as terms of reference as you monitor their performance, This eliminates imbalances and any unfair action or complacence. Remember you are also entering into a contract with someone who is regulated and who will honestly carry out his/her duties to secure his/her reputation and renew their license to continue acting on behalf of land owners.

Land is an fixed asset whose value appreciates over time. When you want to sell it, you should get value. The understanding of the process, market dynamics, honesty, closing and accountability can be delivered by a realtor who is licensed and regulated. This is quite involving, you can sign up with one, let them do the work as you wait for value in good time.

What You Need to Know About Property Management

property management

Do you need a designated person to manage your property? This can be a tough decision to make if you’re unsure of the pros and cons of a property management company. Property managers are invaluable assets for property investors. However, they can also be extremely detrimental if they are not doing their job correctly.

What Does a Property Manager Do?

Someone that is in charge of the property management needs to have the skills of a business and a real estate manager. Managing a property means that you will be contributing to the life cycle of the property, involving yourself in every aspect of it whether it is residential, industrial, or commercial.

Here are some of the responsibilities of a property manager:

  • Handling ownership transfer paperwork
  • Maintenance booking
  • Management of the money circulation
  • Daily activities on the property

While property managers don’t necessarily maintain the grounds, they do at least handle the contracts for hiring cleaning and landscaping services that do.  Here is nice property management resource to learn more.

Do You Need a Property Manager?

While hiring a property manager isn’t necessary for every single property owner, it can be incredibly helpful, especially if you do not live near your property(ies) or if you have another main business or job you need to attend to outside of your investment properties.

However, you should keep in mind that hiring a poor manager could be the demise of your investment. The field of property management is expected to grow around 10% from 2016 to 2026, which is well above the typical average for other fields. This potentially reflects that there will be a rush to join a promising field by those who are less than qualified. Therefore, extra caution should be used as you interview and consider a property manager.

Here are a couple instances where a property manager could be helpful to your business:

  • If you live far away from the property that needs to be managed

This is due to the fact that the closer you live to your property, the easier it is to manage. If you live near your property, it is much easier to handle tenant complaints and respond to maintenance issues and collect rent in a timely manner yourself.

However, if you have to commute to your property then the costs of the commute itself can really add up.

  • If you are inexperienced in property management

You can invest in real estate without any actual knowledge or experience in property management – just hire a property management company. Property management companies help you save money and run your business more smoothly. For example, they will ensure that the proper repairman is hired instead of someone who takes forever and eats into your time and money.

Inexperience in property management can also lead to misunderstandings regarding the Fair Housing laws, which could lead to you being blamed for discrimination or accused of being a slum lord. Any of these things could ruin your investment, but that’s where an experienced property management company comes in.

How to Hire the Best Property Manager

While not all property managers are the best at their job, it is possible to find someone who is good at it all around.

The first step to hiring a good property manager is to check to see if they have the proper education and training to fill that position. Onsite property managers should have at least some real estate experience as well as a basic understanding of the construction of buildings.

While specific education isn’t necessarily required for the job, having some type of degree in the field is extremely helpful (such as a bachelor’s or master’s degree in business administration or a real estate).

If you’re interviewing a property manager, you should make sure that you are asking the right questions to learn as much as you can about their experience and education. You should ask about their knowledge of federal, state, and local law, as well as how their methods for keeping tenants and filling vacancies.

A quality property manager or property management company will have a solid property management business plan. This can consist of their short term and long-term goals, their plans for maintaining properties, and they should be up to date on all of the local laws that may be in the process of getting certified. Knowing how to find clients is important as well. For more information, check out this article on how to develop a property management business plan.

Important Aspects of a Property Management Business Plan

There are base services that a property manager offers as well as more in depth additional services. The base level services consist of:

  • Collecting rent
  • Inspecting the property regularly
  • Ongoing maintenance
  • Regular repairs
  • Marketing the property
  • Evaluating the property
  • Screening potential and current tenants

While these are all very important services, a little more can go a long way.

Creativity is important in any industry, including property management. Going above and beyond in this field can include things as simple as an incredibly specific set schedule for maintenance, such as specified reminders set in place to prevent the possibility of missed deadlines. Things like annual maintenance only come around once a year and can be difficult to remember.

A property manager could also dedicate themselves to learning as much as they can about different asset classes of real estate in order to learn more about the sub-classes. This applies to both commercial and residential properties.

The Benefit of Property Management

Between local laws, federal laws, specific tenant concerns, and irregular maintenance issues, there is a lot of factors going on in property management. Hiring a property management company can significantly reduce the rental headaches. While property management isn’t for everyone, if you are interested in starting a property management company or hiring one, it can be well worth it.

Many benefits of utilizing a property management company are directly related to saving you money on your investment, but it also takes a lot of personal stress off of you. Hiring a trusted property management company gives you the freedom to focus your valuable time on other aspects of your investment.

Feel free to contact Dona to get a perspective on property management companies when you’re seeking to buy property!

South Carolina Real Estate License Exam Prep Book Review

The South Carolina Real Estate Exam Prep book truly is a lifesaver. The classes I took to learn the information really do not give you enough information to be able to pass the test. I had to learn more and expand my thinking. Luckily this book helped me fill in the blanks and pass both the state and national tests.

A Cheat Sheet Without Cheating
This book taught me every single detail I needed to learn to take the test. It was like having the test in front of me to study from because the book was so similar. I was able to re-read everything I learned in class at my own pace, and take notes to be able to further my understanding. This was so nice because I was able to quickly browse through ideas I already perfected and spend more time on ideas that I hadn’t been able to learn well in class.

Learning Terms
There are so many terms to learn and I had forgotten the definitions for some of them. This book was a major refresher on that. I was able to go through a section of words each night and by the day of the test, I knew all of them. The flash cards were super convenient because I could take them anywhere with me and work on them when I had a chance to. It was super easy to just hand over the cards and have family and friends quiz me on them until I got them all right. Without the cards, in the book, I would not have been able to do that and it really was an amazing learning experience for me.

Math Review
You would think that a real estate career is all about getting people to look at houses and buy them. The truth is that is only a part of it. There are so many math problems to learn with different variables. Things like commissions, down payments, subdividing, and insurance premiums are all heavy math problems with lots of variables. These are very hard to learn. Luckily, I picked up a lot of it in class, but the book helped me pick up the slack and get the rest of it figured out. This is amazing because my career is going to have math in it all day long every day.

Lose the Fear and Get on With Your Career
As a real estate student, I was so nervous about taking the test and passing. So many classmates were failing and it was so hard to see. I often wondered what happened if I failed and how long the waiting period would be between the failure and the retest. I just wanted to start my career I worked so hard for. This book really saved me and helped me make sure I was well prepared for this test. I think this book needs to be part of every student’s South Carolina Real Estate license exam prep, so they can drop the fear of failure and just get on with their career.

Can My House Really Sell in November?

It is glorious this time of year, it is the weather that we’ve all been waiting for. I’m really enjoying sitting on my patio. Not everything is so fabulous at this time of year. Yes, it’s great sitting on the patio, but if you’re trying to sell your house it can be well challenging. Things slow down this time of year for real estate so you might be thinking well what should I do? Should I wait should I sell now? What should I do? First of all just understand that houses do you sell this time of year. We’re probably going to put maybe 5000 homes under contract this month and compared to maybe 8000 or so that we put under contract in May or June when we have a lot more activity. That’s 5000 houses that are going to sell, one of them could be yours and here’s a couple things you can do to put the odds in your favor.

First of all, price the house correctly, always, always, always, price it correctly. Spend some time really thinking about your strategy or pricing strategy and it just depends on timing and what’s going on the market. Price it correctly and know what your strategy is going in because let’s face it the listing price you start with may very well not be the listing price you end with.

Secondly, be responsive. If someone calls and says they want to look at your house don’t say no it’s not a good day for me I have a doctor’s appointment. Don’t do that! The game here is that we’ve got to get as many people through the house as possible. It’s like Newton’s law of real estate, if no one’s looking, no one’s going to buy. I just made that up, but I it makes a lot of sense and I’m sure Newton would agree with me so don’t waste any opportunity to get someone to the house to take a look. You’re going to have to watch the market. Not every agent is as geeky as I am. I love the stats. I really watched very very carefully to see what’s going on in Phoenix as a whole and in any area that I have a listing. I want to see the activity I want to see the trends I want to see what’s going on. Sometimes things dip down for a week, but then they come back up sometimes. Sometimes it’s just going down and it’s going to keep going down sometimes it’s leveling off. These things are important you know so you can make smart decisions in your pricing and marketing strategy.

Be realistic. This time of year is not the time to be having this attitude of well I want top dollar. No way am I contributing to closing costs and if they ask for repairs they can just go. No don’t be that guy. This is not that time. Buyers have the advantage. If you’re not responsive, if you’re not working with them they’re going to go and look for another house, they just will and you don’t want them doing that. You don’t want them going out to find something else they like better. Know that you’re not going to make top dollar. You’re not going to set some sort of record for what homes are selling for in your neighborhood. It’s not going to happen so don’t waste any opportunity. If any offer comes in even if it seems really ridiculously low, work it. I have seen it many times where there’s a low offer and a high ask and we have a nice dialogue and can come together to some agreement. That works for everybody. Answer quickly don’t let them get away because there’s a lot of other houses that they could be out there looking at and you don’t want them wandering off and finding something they like better.

If you’re trying to sell your house this time of year it’s going to take a little longer. It’s going to take a little more work than other times of the year. Like I said around 5000 houses are going to go to contract this month and one of them can be yours if that is what you want. If you have any questions or comments please let me know. So get out there and sell!

Why Now Is The Best Time to Buy Real Estate

Five reasons why now is one of the best times we’ve ever seen to invest in real estate. Let’s dive in. Today we’re going to talk about five reasons why now is the best time to invest in real estate investing. There’s a lot of fear mongering going on out there right now about what’s going to happen in the stock market crash. I wouldn’t say fear mongering because it’s actually true so fear is something that’s not true, but we’re seeing the concerns coming in the stock market, but real estate still has a lot of very positive signs. Especially in the investing sector and that’s what we’re talking about. We’re not talking about the retail sector where you know families are buying properties to live in. We’re talking about for investing and I want to be very clear about that.

So why is this one of the best times ever to invest in real estate? Let’s start with this because prices continue to rise and by any measure you’re seeing markets across the country seeing a nice little uptick in prices. There isn’t a big decline anywhere even in some of the areas that were hardest hit during the last recession so we’re seeing a nice little appreciation, but we’re not going crazy and it’s not over inflated.

Number two on the list. Yes there are bubbles, but the bubbles are not a major concern for investors. We are not investing in San Francisco where there probably is a bubble we are not investing in Miami where there probably is a bubble whom we are not investing in New York City where there probably is a bubble. We are staying away from bubble areas and in other areas we’re seeing strong stable markets in the housing sector where we like to invest in Midwest markets and other markets like that. So don’t believe all the hype about the bubble.

Another clear sign that we’re still sitting in a good housing market right now is that builders are building. If we were in troubled times we would see a lot of supplies a lot of lumber a lot of other steel and materials sitting in big piles and not being used, but that’s not the case. Builders are building houses, but why this is great for investors is that they’re not building houses for renters to live in. They’re building houses for you and your family to go live in, four and five bedroom houses. That’s where builders are putting their attention. What does that mean for us as real estate investors who are buying rental properties? That means we can go in and buy the three bedroom one bath houses that builders are no longer building. Why? Because millennials aren’t buying homes anymore. They’re waiting. They’re not buying that starter home so they’re waiting until the four bedroom five bedroom house is ready for their family. They have a kid already and they move into a larger home and are sort of skipping those early homes. That’s great. That means those three bedroom one bath houses out there that still exist. Those two bedroom one bath houses I’ll buy them all day long. That means they’re still building they’re not building in the rental sector and that’s good news for us.

Another really important factor is that foreclosures are way way down. That means simply that people aren’t getting in over their head when they’re buying. So yes more and more people are picking up these properties, but foreclosures have plummeted. That means that the loans they are able to get are not going to get them into trouble and I can’t buy foreclosures anymore I used to buy them and rehab them but they’re very difficult to come across these days. So that is another good sign that we’ve corrected in a way that we hadn’t before.

The fifth and final reason why we still sit in a really nice real estate market right now is that areas like Miami and Orlando and other areas that were hit really bad during the crash because they were way up inflated you know that really high and overly inflated prices. You could buy a house in Orlando for $200,000 and then weeks later sell it for $260,000. It was ridiculous. The reason that indicator is still strong is that we’re seeing that those markets have not returned to that pre-crash craziness. That they’ve really stayed below that artificial bubble that they were in. So a $200000 house is worth $200,000. It didn’t go up to $240k again. This really shows that we have a stronger footing in the housing market that we have in a long time. As an investor it’s the best time to get out there and start buying rental properties and if the economy declines that means there will be more availability out there for you to pick up rental properties. More availability out there to pick up your first properties so now is the best time to invest in real estate. All the indicators are pointing in that direction.

I’d love to hear your thoughts or comments. Leave me a comment about what you think and if you learned something.