Tags |
|
|
Links |
|
|
Casual Articles - Flipping Houses Ethics: Helping Motivated Sellers - Without Ripping Them Off
If you're just getting into real estate investing, chances are you are looking at two basic options for mid-range residential property. You can either own the property indefinitely and rent it out at a profit or you can own the property for a short period of time, fix it up, and sell it for a profit. While both can be great approaches to real estate, some properties are not equally suitable for both.Renting It Out: Renting out your property can be a huge moneymaker, but not for every property. For instance, if you have just bought a property that is in serious disrepair, you may not want to rent it out. It might be better to fix it up and sell it, because nobody wants to rent a property that is in serious disrepair. Furthermore, if you fix it up and then try to rent it, you now have to recover the initial payment on the property as well as the cost of renovation. That can t
Now most people typically decide to sell a piece of property for an ordinary reason, like a growing
Ever considered selling your home without using a real estate agent? It may seem like a huge undertaking but if handled correctly and with the proper guidance, the process can be quite rewarding. If you have any friends that are realtors, try to pick their brains about the kind of things that they do when preparing a home for sale. They may try to get you to list with them but stick to your guns. Its going to be a good idea to make a list of things that need to be done in order to keep yourself on track.Perhaps the most important thing that you are going to have to deal with will be the marketing process. Most realtors have a huge advertising budget that places homes in prominent view to local buyers. It can be difficult to compete with, but a smart FSBO seller can compensate for this by flat fee MLS listings, and proper newspaper coverage. Also try to find a national FSBO web sit
In fact I’ve written entire chapters about it in my own flipping homes continuing education materials, so my students know exactly how I feel about this.
But a troublesome trend of investors in the flipping houses business who are all too willing to bend the rules – or even break them outright – for the sake of a deal has led me to pen a series of articles on the ethics of real estate investing – and particularly in the area of flipping real estate, which is my specialty.
To this end I feel it would be appropriate to talk about how to ethically navigate the often murky waters of fairly working with motivated sellers when flipping real estate.
But before we go there, we should clarify exactly what a “motivated seller” is.
Sellers Versus Motivated Sellers
A seller of real estate is someone who wants to sell a piece of property, whereas a motivated seller is someone who truly NEEDS to sell their property. This house has become a monkey on their back, and they’re willing to do a lot more than the average person to get out from underneath it.
Now most people typically decide to sell a piece of property for an ordinary reason, like a growing
“The cautious seldom err.” Confucius“Be prepared.” Robert Baden-PowellTo begin at the beginning is always a good place to start. Let’s begin with a shocking statement by a senior government member of the Electronic Crimes Task Force, “Many businesses should never have deployed a wireless network.”He was referring, of course, to the many security issues and problems that wireless systems generate for his group. In addition to security, there are many other items to consider before an enterprise embarks on the path to wireless networks. During the fuel rationing era of World War II countless billboards advised, “Is this trip really necessary?” The same question should be asked before setting off on the wireless journey.Wisdom dictates that we should begin with the end in mind. The company must decide what benefits wireless networks will provide. In
But a troublesome trend of investors in the flipping houses business who are all too willing to bend the rules – or even break them outright – for the sake of a deal has led me to pen a series of articles on the ethics of real estate investing – and particularly in the area of flipping real estate, which is my specialty.
To this end I feel it would be appropriate to talk about how to ethically navigate the often murky waters of fairly working with motivated sellers when flipping real estate.
But before we go there, we should clarify exactly what a “motivated seller” is.
Sellers Versus Motivated Sellers
A seller of real estate is someone who wants to sell a piece of property, whereas a motivated seller is someone who truly NEEDS to sell their property. This house has become a monkey on their back, and they’re willing to do a lot more than the average person to get out from underneath it.
Now most people typically decide to sell a piece of property for an ordinary reason, like a growing
In this issue, I will share my experience acquired from the conglomerate and its operating companies. For the purpose of this article, I will articulate the Valuing Employees and Partners which is one of the eleven core values and concepts used in Malcolm Baldrige Criteria. As before, I will use case studies to show how some of the companies implement them.To recap, below are the Eleven Core Values and Concepts of Baldrige Criteria:-Visionary Leadership | Customer-Driven Excellence | Organizational and Personal Learning | Valuing Employees and Partners | Agility | Focus on the Future |Managing for Innovation | Management by Fact | Public Responsibility and Citizenship | Focus on Results and Creating Value | Systems PerspectiveIn this issue, I will share my experience acquired from the conglomerate and its operating companies. For the purpose of t
To this end I feel it would be appropriate to talk about how to ethically navigate the often murky waters of fairly working with motivated sellers when flipping real estate.
But before we go there, we should clarify exactly what a “motivated seller” is.
Sellers Versus Motivated Sellers
A seller of real estate is someone who wants to sell a piece of property, whereas a motivated seller is someone who truly NEEDS to sell their property. This house has become a monkey on their back, and they’re willing to do a lot more than the average person to get out from underneath it.
Now most people typically decide to sell a piece of property for an ordinary reason, like a growing
You've probably had one of those days since starting your own mortgage business. It seems like work is piling up, your bank balances aren't where you want them to be, and part of you is yearning for those "employee kind of days" when all you had to do was give the company eight hours and collect your regular pay check.You know better than to do that again, of course. But it seems temporarily inviting doesn't it? If you want to rejuvenate yourself and find an extra incentive to push you forward with your small mortgage business, take a moment or two to remind yourself of exactly why you're here.Call a former co-worker you know who's still on the job and ask them if they'd like to meet you for a cup of coffee at two in the afternoon on a weekday. Listen closely as they decline, explaining that they just can't leave work like that.Ask either an hourly or salaried employ
But before we go there, we should clarify exactly what a “motivated seller” is.
Sellers Versus Motivated Sellers
A seller of real estate is someone who wants to sell a piece of property, whereas a motivated seller is someone who truly NEEDS to sell their property. This house has become a monkey on their back, and they’re willing to do a lot more than the average person to get out from underneath it.
Now most people typically decide to sell a piece of property for an ordinary reason, like a growing
This introduction to getting more traffic to your website without spending a lot of money is what any business on the internet strives towards and we will cover the basics, which will be followed by a more focused look at other ways to get traffic to your site in subsequent articles.Anonymous to many there are a few ways of attracting visitors to your site that do not require risking a lot of cash. But consider the fact it's not that simple and takes more work on your part. So, if you prefer to work to get traffic to your website, instead of paying for it, then here are a few simple ways to accomplish that:1. Submit to article directories is perhaps one of the most valuable ways of driving traffic to your website. By writing and submitting articles with a theme associated to your website, you are almost guaranteed of getting traffic to your website for an extended period
Now most people typically decide to sell a piece of property for an ordinary reason, like a growing family needing more space, better school district, job opportunity, simple convenience, “moving on up” to the east side, etc.
But when someone really NEEDS to sell, it’s a different story. These people are typically dealing with things like foreclosure, a time-sensitive job transfer, medical expenses, divorce, notable damage, unpaid taxes, settling an estate, pending bankruptcy, and the like. We’ve all either known or actually been the people who find themselves in these unfortunate circumstances.
These people don’t just want to sell, the truly need to. And they’ve reached a point that their motivation is big enough to warrant selling the property through unconventional means, and probably at an unconventional, below market price.
The fact is, motivated sellers are the life-blood of real estate investing and the house flipping business. In order for real estate investors to be able to purchase a property at a low enough price to be a good investment, the property owner must typically be in a situation in which a distress sale makes sense.
Is Flipping Houses a Moral Dilemma?
To ma
HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.casualarticles.com/article/140419/casualarticles-Flipping-Houses-Ethics-Helping-Motivated-Sellers--Without-Ripping-Them-Off.html">Flipping Houses Ethics: Helping Motivated Sellers - Without Ripping Them Off</a>
BB link (for phorums):
[url=http://www.casualarticles.com/article/140419/casualarticles-Flipping-Houses-Ethics-Helping-Motivated-Sellers--Without-Ripping-Them-Off.html]Flipping Houses Ethics: Helping Motivated Sellers - Without Ripping Them Off[/url]
Related Articles:
Financial Independence By Making Money Online
Travel Sites - First Class Money Maker
Website Search Engine Submission And Optimization Services
Bookmark it:
|