10 Tips for Successful Real Estate Investing in 2017

Profits can always be made with the right balance of discipline during a real estate market slowdown, stagnation or depression. This article shows you the top ten tips that real estate investors apply to ensure success from their investments.

1.  Slow and Steady

Take the necessary time to learn about potential investment properties. Peruse the MLS, speak with realtors that are keen in the area you are interested in, research the comparable properties and prioritize making friends with a realtor that specializes in income properties. Spending time on research can keep you informed and ready for lucrative investment opportunities.

2.  Everything is Negotiable

Remember the age-old adage: “Everything’s negotiable?”  Well, there’s truth in that. Successful negotiating means being assertive enough to go after the deal you want, but insistent enough to always be willing to walk away from the negotiations that aren’t giving you those “warm fuzzies.” Make that sweetheart of a offer that the seller(s) look for in order to secure your deal. If it’s attractive to you, make it just as attractive to the seller and you will seal the deal!

3.  Never Stop Learning

Investment strategies, especially in real estate are ever-changing. Market trends go up and down like a seesaw on steroids. The best way to stay ahead of the game, or at least in the game, is by staying up to date on the newest and latest tactics.

4.  Discipline!

Carve out your budget. And stick to it. No matter what, a strict budget is top of the list in investing. Carefully set your parameters, do the math, research the market and set your budget in stone. Stick to properties that meet your budget and don’t compromise your budget to meet your needs.

5.  Consistent Progressive Cash Flow is the Goal

Despite anyone’s best efforts, an upbeat market can take a downturn just as it did in 2007-2008, leaving an investor drowning in depreciated real estate. In this case, while a loss is inevitable, you can minimize your loss and avoid financial ruins by focusing on investing in properties that maintain a confident cash flow monthly. Optimistic or positive cash flow does not rely on rent income or market values to increase. From the start of a potential deal, if the numbers don’t add up, start subtracting by removing your interest and funds from the table. Invest elsewhere.

6.  Make it Count

Starting off, be discriminating. Until your real estate investment portfolio grows, it may not be practical to purchase the distressed property in the historic area of town. You need time to gain a steady and positive cash flow on your investments. Less is not always more when starting out in real estate investing. That first property might cost a little more than what you imagined.

7.  In the Beginning, One is More than Enough

In the beginning, choose a category of investing and test it for a year.  For example, do you want to flip real estate and sell it? Or would you rather prefer renovating and renting? Once you have mastered that area with expertise, then start looking to take on another.

8.  Don’t Try to Boil the Ocean

Start small. It’s literally an ocean out there and one wrong decision could cause you to drown before you even start to swim. You may even want to start with your primary residence and rent a portion of it in order to get some capital flowing.

9.  Follow the Money

Follow the money trail. If there is a property in an area that can generate cash flow, you should jump on it like bears to honey! Whether your investment volume is big or small, get into sound investing and build your real estate dynasty one property at a time.

10.  Don’t be Shy when it Comes to Taking on New Challenges

If you are already in the real estate investment game, expand your horizon and broaden your territory by taking on new and different investment opportunities. Minimize the risks, but without making any hasty investment decisions. And by all means, go for something new.

The executive team at  RealtyeVest leads a group of expert analysts who acquire, manage, negotiate and purchase real estate acquisitions.

Built on a foundation of complete transparency, honesty and accountability, RealtyeVest delivers results to maintain a steady leading edge in real estate investing that yields profitable results.

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Crowdfunding and Self-Directed IRA Real Estate Investments

Crowdfunding for real estate is the collected efforts of many individuals to pool money to invest in a piece of property. Typically, these properties are larger buildings, such as a shopping plaza or an apartment building.

While these investments can cost a single investor an astronomical amount of money, real estate crowdfunding allows potential investors to diversify their portfolios with many smaller investments, and the benefits don’t end there.

For many choosing to participate in real estate crowdfunding, a self-directed IRA is the easiest way to go about the investment process. Traditional IRAs limit individuals on the types of investments they make, but self-directed IRAs are much different. A self-directed IRA is uniquely structured with the barrier of an LLC, where the individual is the sole managing member of the said entity. As a result, the managing member can make the decisions about where the investments are made. In a typical self-directed IRA, existing IRA or 401(k) funds roll over into a new self-directed account fully-managed by the LLC, whose sole managing member is the investor, themselves.

The Guidelines

There are a few basic rules set by the IRS regarding the types of investments that are allowed to be made, but a self-directed IRA holder does have the ability to invest in things like real estate crowdfunding. Because one of the stipulations regarding real estate investing using a self-directed IRA involves needing the property to be a commercial building, investors are also able to see a much higher return on their investment than in personal property.

Crowdfunding With SDIRA

What does this mean in real estate crowdfunding? First of all, it means that someone investing in real estate with a self-directed IRA isn’t using a dollar out of their own pocket for the investment. Potential real estate crowdfunding investors only need to identify a custodian to make the investments for them, open a new account and transfer the funds.

Diversifying Your Investment Portfolio

RealtyeVest accepts self-directed IRAs to invest in equity and debt offerings with as little as $5,000 in certain opportunities. This is a great way to make intelligent investments in real estate without “putting all your eggs in one basket.”

 

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