Dean Graziosi’s Real Estate

Expertise is so essential when it concerns purchasing property. Dean GraziosiCheck out on to learn some terrific recommendations about getting started in the field of real estate.

Dean Graziosi Huffington Post

Your credibility is vital to the success of utmost significance when you venture into realty financial investments. This makes you integrity with the area and assists you gain their loyalty.

Find similar individuals with similar minds and speak with them. There are a lot of individuals curious about property. There are most likely lots of groups creating in your area that focus on this type of thing. If you cannot discover one close by, you can find online forums online where other investors hang out. Go out there and see what your peers.

Dean Graziosi Youtube

There are to essential rules to making a financial investment in an industrial or commercial property market. You wish to see to it that you get a fair bargain on the land. Do not pay too much cash on business itself. You should settle on great numbers in order for you to make the property is something you’re interested in.

Be sure to select areas that are in a widely known location in which possible occupants might be interested. This is vital because it will make best use of the value that you get when selling. Try looking for properties that can easily be maintained.

Land that is situated near water or in the future.

Don’t spend your money in genuine estate with doing the field. Errors in investing can be incredibly costly.

It could well be unlawful for you to dig, and it pays to discover this out up front.

Do not get realty found in bad neighborhood. Know all there is to find out about the property before you purchase it. Do all of your research prior to you decide. A bargain on a good house could imply that it’s in a bad location. It may be tough to offer this kind of home and this sort of house can be vandalized easily.

Ensure you’re getting back your investment, plus an added profit.

Don’t permit your emergency situation reserve or cash fund. Investing in property requires a great deal of money that you can not get back immediately. Be specific that you can manage this without triggering financial pinch as an outcome.

Do not buy a property merely to increase the number of investments you hold. Investigate each home extensively before you invest and keep in mind quality over quantity. This will certainly help secure your financial investments.

Dean Graziosi Slideshare

Work well and play will certainly with other real estate investors. This allows you to share resources and resources. You can find a great deal of potential and eventually pleased clients if you help one another. This is the secret to developing excellent will definitely help improve your track record.

Don’t invest in property if you don’t have a cash reserve. This reserve can be made use of for the remodellings that you do. Another factor for having money is simply in case you cannot lease the home swiftly. You still have to think of costs even when your property is unoccupied.

Ensure to have the home for needed repairs prior to making a purchase. Repairs require to be made before offering the house. Factor upkeep into your budget if you intend on leasing any piece of property.

These various legitimacies are going to vary from city to city so it assists to understand exactly what to anticipate ahead of time. Speak with regional officials to guarantee you stay within the law before you sign any contracts.

Avoid novices when looking for good real estate agents. You need to have a skilled expert if you’re going to discover the very best opportunities.

Be ready and willing to make sacrifices. You will certainly invest a bit of time in genuine estate investing. You might end up needing to quit much of your luxury costs in order to have adequate space to find success.

Avoid investment properties that are too costly or inexpensive. Buying homes too cheap is a waste of money on upgrades. Look for an affordable price home in suitable condition with fairly low maintenance.

You can be sure that you’re making excellent choices when you put in the time to study investments in property. Plainly, you have to make sensible choices and stay clear of investments that will certainly not pay off. Work gradually and regularly toward your goals, and you make sure to meet success.

Links on Real Estate: http://en.wikipedia.org/wiki/Real_estate


Top 5 Happy Landlord Tips

2014-10-28-csadv.jpg

Landlords come from all walks of life, and they can be pros or reluctant landlords who couldn’t sell their home. Whether you’re considering rental property investment, can’t sell and need to rent out your home and move, or you’re already a landlord, these five tips can help you sleep at night and keep a smile on your face on your way to the bank.

#1: The Right Rent

Take the time to study your area’s market rents and property types. Compare apples to apples, not apartments to single family homes. Call and ask about rents and features. Check the rental ads for promotions like free rent. A lot of this type of marketing may signal high vacancy rates. Be objective about your property’s features and location, and set a competitive rent rate. Being just 5% over market rates may still get you a tenant, but if it causes too much turnover you’ll lose that and more in lost rent between tenants.

#2: Be Legal

We don’t live in a simple world anymore, and landlord-tenant laws can be pretty complicated in many states. Even if you must get some legal advice from a real estate attorney, be sure that you’re using legal application and lease forms. They should be legal, but there will be room to draft them to favor your interests and protect your investment.

Misunderstandings cause a great deal of landlord-tenant stress, and using clearly worded and comprehensive leases can go a long way toward eliminating problems. When rent is due, what constitutes poor tenant behavior, and explaining the difference between “wear and tear” and damages are all important for a good relationship. It’s every bit as important for you to abide by the rules as it is for the tenant. If you legally must give notice before entry into the unit, do it the right way and with the right timing. When you don’t follow the lease, tenants don’t feel obligated to do so either.

#3: Screen, Screen … and Interview

Once that lease is signed, if you let the wrong tenant into your property it can be an expensive and painful process to get them out. You want to check their credit history, rental history, job and landlord references, and even do a criminal background check in most cases. Letting a previously convicted drug dealer into your property can create some major problems for you if they lapse into old habits. There are services that pull together these background and reference tasks, and you can find them online with a search, or there may be local companies.

Think back to the previous tip and be legal. Don’t ask for information you aren’t legally allowed to gather, or don’t ask questions that cross the line when it comes to anti-discrimination laws. This is another area where you may want some legal advice and a script for your interviews so you stay on the right side of the law. That said, if your gut is telling you that there’s something not quite right about a prospective tenant, especially in the interview, then you should reject them for any legal reason.

#4: Maintain for Comfort and Safety

The best way to avoid late night “no heat” calls is to have regular maintenance performed on heating and cooling systems. Maintain all of the equipment in your rental and you’ll have a happier tenant and fewer emergency repair visits. For safety, do regular checks of smoke and carbon monoxide detectors, even changing the batteries at your expense. On a side note, this is a great way to get access every three to four months to inspect for damage or problems when you’re doing a courtesy safety battery change.

#5: Make it a Home

Be nice to your tenants. Send them surveys or call them now and then to see if they’re happy or experiencing even minor problems. Be proactive and address their concerns. Whenever you can add a feature or amenity at reasonable cost, do that. When the end of their lease rolls around, you have two possible situations:

1. They give notice and move on to another rental, or
2. They make a rent concession necessary to keep them, or
3. They’re happy, and want to stay, even if you must do a minor rent increase.

The first two cost you money in lost rent and possibly rehab between tenants. The last one takes almost none of your time and keeps the cash flowing.

There are a lot of details involved in these five tips, but keeping them top-of-mind in all of your landlord activities will keep you in a better mood and add to your bank balance.
Dean Graziosi


Weekly Wisdom #289 – Win Dean’s iPhone 5

You simply can’t miss the Weekly Wisdom Dean filmed for you this week. Not only do you get the chance to win Dean’s personal iPhone 5 for FREE, he also share…

Two absolute GAME CHANGERS in one powerful weekly wisdom.. This week, Dean shares one sentence that may literally have the biggest single impact on your life…
Video Rating: 4 / 5


Weekly Wisdom #278 #1 thing needed to close your first deal!

Confidence is what makes you excel but courage is what allows you to get in the game! In this week’s video, Dean shared two key rules to gaining the courage …

Dean just got back from a 3 day event Joe Polish hosts each year and took away soooo much!! The biggest golden nugget came while he was with Arianna Huffingt…
Video Rating: 0 / 5


Renters: When They’ll Move and What They Want

2014-10-21-afdsf.jpg

What a difference five years can make. Apartments.com surveyed 2,500 renters recently, and they found that renters want different things now than five years ago, and incentives landlords offer to get them to move may need to change as well.

There are solid reasons for differences, but the most influential is likely the far lower vacancy rates now than back in 2009 when vacancies hit a 23 year high. Landlords do not need to offer those big flat screen TVs, large rent discounts, or free rent months to maintain reasonable occupancy these days. The flight of first time buyers from the housing market hasn’t helped the renters in their quest for a deal either. Competition and rents for homes and apartments have steadily risen.

The majority, 56% of renters surveyed, say that they plan to move within the next year mostly for a change of scenery, rather than for economic or other reasons. They also were asked what would get them to move immediately, and they cited:

• Big rent discounts.
• More space.
• Free month’s rent.

These were reasons to act sooner than they planned, but they aren’t considered critical in rental unit decision-making. When asked about the relative importance of rental incentives, survey respondents said:

• Nice to have but not a deal breaker: 33%
• Incentives are one of a few key factors in their decision: 28%
• Didn’t see any incentive offers in their search: 20%
• Incentives are crucial, make-or-break in their decision: 14%
• Didn’t care at all about incentives: 5%

Landlords can’t get complacent, as only 6% of those surveyed said that they loved their rental so much they couldn’t be convinced to move. Questions about why they rent yielded interesting results. As you may expect, about half of the respondents say they rent for financial reasons. However, more than a third of them stated that maintenance-free living was their primary reason for renting. Though we’re a highly mobile society and workforce, only 13% rent because they need to be mobile.

Those are the reasons they rent and some of the factors that play into their decisions as to when to move. As far as what renters consider important in their choice of a rental unit or location, only 21% want to be in a “cool neighborhood or city.” Factors important in their decision as to unit and location ranked this way:

1. Affordability: 71%
2. Safe area/Low crime rate: 57%
3. Convenient utilities/Amenities: 50%
4. Large rental unit/home size: 48%
5. Location near work or school: 38%
6. Parking: 33%
7. Pets allowed: 26%
8. Rental incentives: 23%

Some of these responses should be considered as important by developers who are making development location decisions. Perhaps the recent trend toward developing in big cities and popular urban areas isn’t going to be as lucrative in the near to mid-term future; especially if the size of the apartment is on the skimpy side.

For investors buying single family rental homes, it’s important to note the affordability and safety concerns at the top of the list. With location near work or school number five and behind home size and amenities, this could open up some neighborhoods for consideration previously dismissed or placed lower on the priority scale.
Dean Graziosi


Weekly Wisdom #281 – Get Dean’s Student Secrets book FREE

This week Dean has a great message to share to kill it when learning anything new… But HELLO!! Even more exciting is that his “DG Family” YOU, in other wor…

Could something so seemingly unrelated to real estate like FEAR be holding you back from the life you deserve? This week, Dean shares an exercise that’ll hel…


Foreclosure Hurting Your Neighborhood and Home’s Value? — Buy It!

2014-10-15-huff.jpg

We’ve all heard many times the “making lemonade from lemons” quote. When life throws a negative at you, turn it around and make something good out of it. Of course, this isn’t possible in many cases, but it’s a nice thought and course of action if it works.

Recent news and data tells us that there are far fewer homes for sale in foreclosure than in recent months. In August 2014, foreclosure inventory plummeted 33 percent year over year. This marks the 34th consecutive month that this inventory has declined, and 19 straight months of 20 percent or greater declines. Home prices are improving, in part due to fewer price-depressing foreclosure sales.

All of this information is nice, unless you own a home in a neighborhood with a foreclosure in poor condition sitting there dragging down neighborhood home values. Actually, there is some lemonade to be made here. Of course, if there are a half-dozen of these foreclosures within a few blocks, this isn’t going to be a great opportunity. But, if there is one or maybe two, you can do your neighborhood a favor, help your home’s value, and generate some great cash flow in the process. You can help yourself and your neighbors as well, and make some money in the process.

Invest in Your Neighborhood for Profit

Why not buy that foreclosure and convert it to a rental? You’ll take it off the market as a deep discount property. You’ll improve the neighborhood when you fix it up. And, you can control not only its ownership but occupancy as well. After all, if an investor buys it, they may be less picky about renters, or discount the rent to keep it occupied. You, on the other hand, can control the rent, marketing for better quality tenants who can afford the home and will hopefully take better care of it.

Single family rental home investors will tell you that one of the things they must be disciplined about is checking their properties, at least with a drive-by, regularly. Making sure that your tenants aren’t violating exterior HOA rules and getting early warnings of problems are the goals. If the home is right there in your neighborhood, it’s almost a daily thing without any planning required. You may be driving by it every day to and from work.

There May be Help Out There

Some areas are aggressively working to avoid neighborhood blight by offering government-backed financing for distressed homes and/or repairs. Check your local tax assessor and city and county housing offices to see if there are programs to take foreclosures off the discount market and fill them with owners or tenants who will maintain the homes.

It’s a Great Investment

If you’re not upset with the tiny returns on your savings and certificate of deposit returns, that’s OK. But, with today’s miniscule savings rates and risky stock market investments, it’s nice to be able to generate double-digit ROI with special tax advantages as well. In most cases, you can deduct all expenses related to ownership of a rental property, as well as depreciation. You can wipe out a chunk of the tax liability, even while you’re enjoying depositing the rent income every month.

If your lemon these days is a foreclosure in the next block that’s vacant and losing ground on the curb appeal front, take action, squeeze that lemon, and sweeten the lemonade with some cash flow sugar.


Dean Graziosi