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Jarek Bucholc ||Street Smart RE InvestingJarek Bucholc ||Street Smart RE Investing   Updated August 13, 2019 74 0 1 0 0 1
The Art of Drafting Your Content You’re right, it doesn’t have to be complicated. Writing a letter to a prospect seller can be remarkably simple. After all, your bottom line message is this: I want to buy your house. How much simpler can you get, right? But then again, like a lot of things in business transaction – and in life, for that matter, it’s not really what you say that matters. It’s how you say it. So instead of conjuring up ways to write fancy letters with many words your possible sellers may not even know the meaning of, concentrate instead on having your letters read. While it doesn’t guarantee a successful deal, it does increase your chances of getting one. The latter is definitely bound to be a better take on things, don’t you think so? Your point is to clearly share the features and benefits of working with your company – things a homeowner will...
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Jarek Bucholc ||Street Smart RE InvestingJarek Bucholc ||Street Smart RE Investing   Updated August 13, 2019 3143 0 0 0 0 0
Selling a house in a slow real estate market can be difficult. In times like these, it's not enough to simply list your home and wait; you actually have to sell your home. No one really wants to sell anything when the market is bad, however, it's not impossible to sell your house in these conditions. It just takes a positive attitude and a different kind of game plan. Even though the market's not favourable to sellers and widespread economic recovery perhaps months, even years off, there are a number of tactics available to increase the likelihood of a sale. 1. Know your market One of the most important things you can do to get your house sold is to learn your market, the value of your property and your competition. Most sellers operate in the dark, simply offering the property for the price they want, without regard to what other homes have sold for...
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Jarek Bucholc ||Street Smart RE InvestingJarek Bucholc ||Street Smart RE Investing   Updated August 13, 2019 195 0 1 0 0 1
Talking with Sellers: How to Converse Properly If it boils down to one thing, remember this: you have to learn the art of handling a basic call. So what does a basic call mean? What does it sound like? Well, to give you a head start, let’s start with what it’s not. It does NOT go into a lot of information about the physical property. Not right away, anyway. Doing so can be overwhelming for the seller, and they’re pretty much interested in providing the basics to begin with. Basics usually include the following: bedrooms, bathrooms, garage, basement and/or attic if applicable, asking price, taxes, the least amount they amenable to accept, possession date, and, if the situation allows, can the buyer – you – come over to check the property immediately. The flow of conversation can be something like this: Seller (S): Hello? Buyer (B): Hi, may I speak with Tom, please? S:...
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92 and More Ways to Generate Real Estate Leads
Jarek Bucholc ||Street Smart RE InvestingJarek Bucholc ||Street Smart RE Investing   Updated August 08, 2019 7737 0 6 0 0 2
How effective is your marketing? Until you start this important element of your business, your business will not really be started… The key fundamental element in the first level of your real estate investing business is creating systematic and consistent lead generation. Have you focused on that yet? If not, you do NOT have a business, you have a hobby or a dream. Your commitment to this area of your investing career is critical to your success. There are many different ways to create leads. Here are about 100: Accountants and CA Firms: They have clients with financial problems where an investor can be of help. Advertising: Never stop. Use simple ads with a USP, Unique Selling Proposition: Quick Closing, All Cash etc., Buy Houses Ads, Newspapers, Flyers. ...
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Jarek Bucholc ||Street Smart RE InvestingJarek Bucholc ||Street Smart RE Investing   Updated June 12, 2019 469 0 1 0 0 1
How to Leave a Good Impression When the Seller Finally Calls If you’re new in the business, you may be debating on whether to stick with trusty old voice mail or actually make the effort to invest in a reliable “Live Answer” paging service. On the chance that you haven’t made a decision, here’s a sound recommendation: opt for live answer In fact, you should make it a must. If you’re really determined to make a worthwhile investment, go for something that will help you have good returns on your business, and a quality answering service will definitely boost your marketing campaign. Unless you find yourself sitting at your desk in the office most days – in which case you don’t need a system to take the calls for you – it’s highly recommended that you go for a company that offers “live service” answer. After all, what’s the point of shelling out the extra cash if you’re just...
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Alberta Foreclosure and how it works
Navtaj ChandhokeNavtaj Chandhoke   Updated May 22, 2019 2218 0 1 0 0 0
No matter who you are, if you are in the process of a mortgage that has defaulted, you need to know the process of Foreclosure in Alberta. Alberta foreclosure is about the legal steps that a Bank or a lender takes to recover arrears and principal on a mortgage loan that is in default. If you need foreclosure help in Alberta please call 1-403 668 8666. In Alberta the Master in Chambers of the Court of Queen's Bench of Alberta, which isn't the case in the rest of the provinces. They can also decide who the property is sold to and for what price. How does Alberta Foreclosure Process start? Canadians are most likely to default under a non-payment of mortgage payments. After one missed payment, the Alberta foreclosure process can legally begin. But other reasons can cause the Alberta foreclosure process to start as well. Acts of default under a...
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Foreclosures in Canada
Jarek Bucholc ||Street Smart RE InvestingJarek Bucholc ||Street Smart RE Investing   Updated May 22, 2019 3341 0 2 0 0 0
Foreclosure Process in Canada, The word “foreclosure” is a nightmare for the property owner as well as for the Lender. It happens all the time, regardless which cycle the market is going through, although the numbers do tend to go up during the Real estate bust cycle. Foreclosure is a legal action that a money-lender can take if the person who borrowed money using a mortgage stops paying back that mortgage. Foreclosure allows the lender to take or sell that person’s house by first getting a Court’s permission to do so. When a property-owner misses a mortgage payment or makes a late payment, the property owner will not automatically lose their property. Lenders don’t want to foreclose if they don’t have to because it is expensive and is a lengthy process. A lender will probably not start to foreclose until two or three months after the borrower has stopped paying. Normally, a lender will first send...
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Jarek Bucholc ||Street Smart RE InvestingJarek Bucholc ||Street Smart RE Investing   Updated February 13, 2019 564 0 1 0 0 0
The Property’s Value and the Seller’s Motivation Level At this stage, your best course of action is to take the seller’s word on the value of property with a pinch of salt, so to speak. You don’t have much to go on at this point, unless you know very well the area you’re trying to buy in, or you’ve already made your comparisons with neighboring properties. Consider what the seller is saying with a measure of credibility – they should at least have a fair idea because they live in the area. Plus, their motivation level and knowledge of prices – or lack thereof – should be a good clue to help you decide whether you’re going to be interested in the property or not. After all, what’s the use of continuing a transaction with a seller who’s not even highly motivated about the property he is selling? You may also want to check out sites like www.realtor.ca. It...
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Jarek Bucholc ||Street Smart RE InvestingJarek Bucholc ||Street Smart RE Investing   Updated December 12, 2018 4225 0 1 0 0 0
Remember that your Power Team is made up of people who profit when you succeed. This isn't a club with official membership; it's people, companies, and organizations with whom you have cultivated a relationship that benefits you both. Knowledge is power You can't be expected to know everything, which is why you need professional advisors on your Power Team. Put together a strong brain trust with these people: CPA who understands real estate. Choose an accountant who is experienced and knowledgeable about real estate investing so that you'll get good advice on record-keeping and tax issues. Attorney. There's room for more than one lawyer on your Power Team. For yourself, you need a real estate attorney to represent you as necessary in your transactions, to review contracts, and perhaps even to handle closings for you. You can also benefit from networking with attorneys whose practices focus on other...
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Jarek Bucholc ||Street Smart RE InvestingJarek Bucholc ||Street Smart RE Investing   Updated August 08, 2019 889 0 1 0 0 0
There are many reasons why Canadians are turning to the US market for investment opportunities: a lower capital outlay, competitive interest rates, capital growth potential and global diversification. However, like any investment strategy, investing in south real estate comes with a series of risks-- notably a lack of knowledge of the local property market, a foreign tax system and extra administrative costs. Understand the benefits and drawbacks of investing on US soil before you make a decision. Pros and cons of investing in US property Pros Accessibility. For young investors who have a small deposit, the US is an appealing market due to the perceived affordability of US property. The low entry cost has been achieved due to low demand in distressed markets such as Phoenix, Arizona. Lower interest. US mortgages generally come with interest rates that are lower by 1%-3% compared to those offered in the Canadian market....
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Jarek Bucholc ||Street Smart RE InvestingJarek Bucholc ||Street Smart RE Investing   Updated December 03, 2018 3665 0 1 0 0 0
Fixer upper houses that you don't want? Here are some examples of what to avoid. Avoid Houses With Small Profits It seems obvious, but then I am remembering that nice couple in the Calgary newspaper that was proud of the $9,000 profit they were going to make on a $400,000 house. That's ridiculous. There has to be some reasonable minimum profit that you need to take on a deal. Too little and you just have a job, not a good investment. More importantly, fixer upper houses are inherently unpredictable. If you ever watch those television shows on flipping homes, you have probably seen the investor go way over budget a number of times. It may be okay to go $18,000 over budget due to surprises if you projected a $35,000 profit. You'll still make $17,000 after all. But if you are trying for just $9,000, and this happens, you just lost all...
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Joe MigadelJoe Migadel   Updated November 27, 2018 1934 0 2 0 0 1
The 7 Profit Centers Of Owning Real Estate When most people think of investing in real estate, they think of the obvious, “appreciation”(the increase in value of the property over time). The truth is however, that real estate can bring profits and financial benefits in 7 different ways. This is the foundation of investing in real estate for profit. 1. The first profit center is EQUITY. Equity is defined as the fair market value minus the debt service (mortgage) 2. The second profit center is LEVERAGE. This is the ability to buy more with less money. 3. The third profit center is APPRECIATION. This is the increase of the value of the property over time (as mentioned above). 4. The fourth profit center is PRINCIPAL REDUCTION. This is the reduction of mortgage owing over time through mortgage payments(paydown). 5. The fifth is CASH FLOW. When the income you bring in from...
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Jarek Bucholc ||Street Smart RE InvestingJarek Bucholc ||Street Smart RE Investing   Updated November 15, 2018 836 0 0 0 0 0
A Guarantor, when it comes to mortgages, is exactly what it sounds like—they “Guarantee” the mortgage for another person if they are unable to pay back the loan. Guarantor’s or co-signers are often used if someone has Damaged or poor credit Insufficient income In most cases, someone with poor credit and/or insufficient income has a more challenging time securing a mortgage. Adding a guarantor can help get the file approved as the lender is assured that he or she will be paid, should the mortgage holder default. Many people will assume that a co-signer and a guarantor are the same thing. This is not the case though…there are key differences that you should know before becoming a guarantor on a mortgage. ...
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Jarek Bucholc ||Street Smart RE InvestingJarek Bucholc ||Street Smart RE Investing   Updated November 12, 2018 17801 0 1 0 0 1
A hard money loan is a specific type of asset-based mortgage financing through which a Canadian Real Estate Investors receives money secured by the value of Canadian real estate investment property.hard$$Lenders Canadian hard money loans are typically issued by Canadian private investors for investment properties but they will consider others based upon numbers and circumstances. Canadian Real Estate investors can find more Canadian Real Estate Hard money Lenders at Real Estate investing community https://realestateinvesting.community Interest rates for hard money loans are typically higher than conventional commercial or residential Canadian mortgage rates because of the higher risk is taken by the Canadian hard money lender. Most Canadian hard money loans are used for a short-term basis. Canadian hard money is similar to a bridge loan, which usually has similar criteria for lending as well as a cost to the Canadian Real Estate investors. Canadian hard money loans often refer to not only an asset-based loan with a high...
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Jarek Bucholc ||Street Smart RE InvestingJarek Bucholc ||Street Smart RE Investing   Updated November 11, 2018 783 0 1 0 0 0
Wholesaling real estate can be a great way to get into real estate investing without much cash. It is also very low-risk when done right. But contrary to what many real estate gurus say, you can't necessarily do it anywhere. It will work best where there are investors ready to take the properties from you. This generally means it works best in larger towns and cities. To understand this, let's look at what wholesaling real estate means. As you might guess, it essentially is buying cheap to sell for a profit to another investor. This other investor is the one who will then retail the property to the final buyer. Now, if you were to actually buy a house or other real estate and close on it, you would have transactions costs. There would be more transaction costs when you sell to the next investor. Then there would be more transaction...
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