Monthly Archives: August 2015

How to Rehab a Flip in 6 Simple Steps – Real Estate Investing Made Easy #24


AL.com

Donald Trump poll: Ben Carson tied with real estate mogul in Iowa
AL.com
For the first time in more than a month, real estate mogul Donald Trump does not have a commanding lead in an early primary state, according to a poll released Monday by Monmouth University. Trump is tied at 23 percent with retired neurosurgeon Dr. Ben ...

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The Golden Globes are picked by just 100 people, including car salesmen, real estate agents and hairdressers

Mon, 12 Jan 2015 04:11:56 -0800

From this Toronto Star article:

Current Hollywood Foreign Press Association members include real-estate agents, car salesmen, showbiz publicists, hairdressers and even a few journalists. All that is required to maintain membership is permanent residence in Southern California (so much for "foreign") and a mere four published articles per year, often in obscure publications that aren't freely disclosed.

The HFPA pretends to be a democratic operation, but it operates mainly in the dark, revealing only the names and the 55 countries represented by its members. (There are four Canadian members, one of whom, Ray Arco, also represents Denmark.)

I know it's mostly about the fancy dresses, but I'm always struck by how much power this group of 100 fairly random people wields. I imagine that they are buried in swag (and, no doubt, the occasional bribe) every year in exchange for their votes.

submitted by dbarefoot to movies
[link] [152 comments]

Real Estate – Suburban Beverage

**Press Release** Philadelphia Real Estate company is the first in the World to accept Litecoins and Bitcoins for all properties!

Mon, 02 Dec 2013 18:01:49 -0800

Press Release Philadelphia Real Estate company is the first in the World to accept Bitcoins and Litecoins for all properties!

www.BitcoinProps.com

www.LitecoinProperties.com (Coming Soon)

We currently have 60+ for sale in Philadelphia, and every property is available for purchase by anyone in the world!!

Best part is, full or partial payments can be made in either Bitcoins or Litecoins.

We are working to allowing dynamic pricing and immediate purchase, but as of now, due to market volatility and the need for technological upgrades, please inquire about the current Bitcoin and Litecoin prices.

Please pass this on if you know people looking for things to buy with their newly found Bitcoin fortunes! Philadelphia is a great market for Real Estate investments!

www.BitcoinProps.com

www.LitecoinProperties.com (Forwards to BitcoinProps.com until I get my LTC prices oniline.)

submitted by GoodBetTrading to litecoin
[link] [42 comments]

Evaluating Neighborhoods for Real Estate Investing, How to Pick the Best Neighborhood to Flip Houses


Philly.com

D. Dudley Bloom, 92, real estate executive
Philly.com
D. Dudley Bloom, 92, of Penn Valley, a retired real estate executive, died Thursday, Aug. 20, of causes related to aging at Bryn Mawr Terrace. Mr. Bloom had several careers. He was the first businessman to suggest that travel and other everyday pieces ...

The necessity of real estate in plans for FI?

Wed, 28 Jan 2015 05:39:25 -0800

I'm currently reading the Automatic Millionaire Homeowner by David Bach. I think a lot of his statements are problematic, but I can't deny that the majority of people who've become FI seem to have a heavy involvement with real estate. Maybe it's just confirmation bias though. Therefore, I'm wondering if anyone has become FI (or is on the way to becoming FI) without significantly personally investing in real estate (I don't consider REITs, just people who own property and are landlords or use a property management company).

If real estate is necessary (or at least, makes the journey much shorter), how does someone with absolutely no knowledge go about getting started? Is it just a matter of having the discipline to save up a down payment and then hiring a property management company? Or should you learn how to do home repairs and buy fixer-uppers? If the latter, how do you learn those skills, assuming you don't have any friends or relatives to show you how -- do you just sign up for classes at the local community college?

Edit: I'm in Canada -- does that change your advice in any way? I live in one of the big cities with heated markets, and some people are predicting a cool off if oil prices stay low, which is why my interest has been piqued.

Edit #2: I've seen some interesting answers. Here's another discussion point: How long will it take (or did it take) for you to reach FI? For further clarification: a) did you use real estate? b) how big was your portfolio when you reached your goal? c) what's your current "passive" monthly income?

Feel free to answer some or none of those questions if they're too intrusive!

submitted by Criama to financialindependence
[link] [129 comments]

Real estate for sale in Franklin Lakes New Jersey – MLS# 1428451


New York Post

Data pirate stole $360K in real-estate records: lawsuit
New York Post
Reis Services LLC, which runs a database of commercial properties in more than 7,000 neighborhoods across the country, wants a court to unmask the information thief who has been accessing its proprietary reports for free, according to a Manhattan ...

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The Golden Globes are picked by just 100 people, including car salesmen, real estate agents and hairdressers

Mon, 12 Jan 2015 04:11:56 -0800

From this Toronto Star article:

Current Hollywood Foreign Press Association members include real-estate agents, car salesmen, showbiz publicists, hairdressers and even a few journalists. All that is required to maintain membership is permanent residence in Southern California (so much for "foreign") and a mere four published articles per year, often in obscure publications that aren't freely disclosed.

The HFPA pretends to be a democratic operation, but it operates mainly in the dark, revealing only the names and the 55 countries represented by its members. (There are four Canadian members, one of whom, Ray Arco, also represents Denmark.)

I know it's mostly about the fancy dresses, but I'm always struck by how much power this group of 100 fairly random people wields. I imagine that they are buried in swag (and, no doubt, the occasional bribe) every year in exchange for their votes.

submitted by dbarefoot to movies
[link] [152 comments]

How To Invest In Real Estate | Real Estate Investing Training


Real estate deeds
Quad City Times
Shirley Clark Trust to Jamie A. and Jody J. Minor, Le Claire Township S14T79R5, LeClaire $69,000. Century Heights Phase III LC to Kristine E. and Michael J. Murrens, 5884 Justin Court, Bettendorf, $108,000. Jeffrey K. Alger to Zachary J. Cain, 1531 W.

The Golden Globes are picked by just 100 people, including car salesmen, real estate agents and hairdressers

Mon, 12 Jan 2015 04:11:56 -0800

From this Toronto Star article:

Current Hollywood Foreign Press Association members include real-estate agents, car salesmen, showbiz publicists, hairdressers and even a few journalists. All that is required to maintain membership is permanent residence in Southern California (so much for "foreign") and a mere four published articles per year, often in obscure publications that aren't freely disclosed.

The HFPA pretends to be a democratic operation, but it operates mainly in the dark, revealing only the names and the 55 countries represented by its members. (There are four Canadian members, one of whom, Ray Arco, also represents Denmark.)

I know it's mostly about the fancy dresses, but I'm always struck by how much power this group of 100 fairly random people wields. I imagine that they are buried in swag (and, no doubt, the occasional bribe) every year in exchange for their votes.

submitted by dbarefoot to movies
[link] [152 comments]

Downside of Risks to Real Estate Investing


4 Zacks Buy-Ranked Real Estate Mutual Funds to Buy
Nasdaq
Even though real estate has been through tough times recently, securities from this sector should continue to be an integral part of portfolios with a long term horizon. Over the years, mutual funds from this category have continued to perform favorably.

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Real estate agents of Brisbane, why does all your outdoor advertising have a picture of your stupid face on it?

Mon, 03 Nov 2014 13:31:56 -0800

Seriously. Is it a law or something? I have never seen some picture of a real estate agent and said wow, that's the insincere smile that is going to sell my house.

submitted by nothinbeatsagoodshit to brisbane
[link] [87 comments]

Real estate for sale in Emerson New Jersey – MLS# 1530037


Wall Street Journal

Your Real-Estate Horoscope
Wall Street Journal
Buy or rent? Sell or stay? With the full moon on Saturday and autumn quickly approaching, we've checked in with a professional astrologer for a light-hearted look at what the stars have in store for your real-estate future. As Saturn moves into ...

How to win at the Toronto Real Estate Game

Mon, 10 Aug 2015 08:48:35 -0700

With prices sky-high, let's put together a list of positive and constructive ideas on how to beat an over-heated market (and ignore that silly CBC article). Here's how I've managed to work the system so far.

I would love to hear what others are doing.

Rule #0: Emotions are your enemy. Write down your max number before you start wading into the fray and do not go over that number. See Rule #11.

Rule #1: The only way to win a rigged game is not to play the game. Rent, find a job in a different city, get roomates, move in with your parents. Did I mention renting?

Rule #2: Don't use MLS. Everyone uses MLS. Instead, use Property Guys (private sales), or forsalebyowner.ca, or homesandland.com, or even Kijiji. We used RedPin (they pull from MLS but they have no commission, we got cash back after our purchase, very knowledgeable, zero pressure, zero cost to us, we used them for purchasing our condo 2 years ago and it was fantastic).

EDIT: Note - there's no substitute for a good real estate agent, especially if you're a first timer. It's just really hard to find them...

Rule #3: Don't be in a hurry. I monitored the market + looked at houses for over a year before we purchased our condo downtown, and we got it for a steal because the sellers were very motivated to get out (they just had a baby, etc.) and condo fees in the building just went up (we don't care, we have no car and walk to work). Patience pays off!

Rule #4: Choose a neighbourhood that's shady. It won't be shady for long. The only way we could afford our place was because it's in Regent Park. But in the last 2 years, the neighbourhood has transformed in amazing ways. I think Regent Park is the last bastion of semi-affordable housing close to downtown because people are still afraid of it. Use misguided public opinion to your advantage.

EDIT: Another example of this is parking: houses without parking will often get fewer bidders and sell for less than comparable (or worse) houses with parking, because many Torontonians are still fixated on car ownership. So if you don't rely on driving or are fine with parking on the street, you may be able to get a good deal on a house without parking.

Rule #5: Pool your money with your friends or brothers/sisters and move-in together. Note this requires MAJOR trust and strong bonds. Be sure to write up a legal agreement for all parties. (EDIT - people think this is bad idea, probably only works for a small subset) New Rule: ask your parents, friends, brothers/sisters for money.

Rule #6: Put the 20% down. Don't dump everything you have into a house. Be comfortable. Don't stress. Yes, interest rates will absolutely go up eventually. If you do purchase, remember that real estate is a long-term game. It only really pays off if you're around for 10+ years, unless you're a professional home flipper or you're a wizard with a crystal ball.

Rule #7: Change your lifestyle. This weekend we went house hunting in the outskirts of Bradford for an old farmhouse. Old farms can be found for cheap, although they need work. The idea is we rent out our downtown condo, and then commute 2-3 times a week from the country (If you have a Smartcar you can park for cheap in designated areas downtown) (if our bosses let us). There are some great houses beyond the horrors of Mississauga / North York / Scarborough suburbs.

Rule #8: Look for places with separate basement units you can rent out (provided you're in a hood with a healthy rental market). Much less messy than pooling money with friends/family.

Rule #9: If you're buying for the first time, consider not getting an agent. As a buyer, all an agent is going to do for you is 1) find/sort through listings, and 2) access the MLS database to find price histories, comps, etc.. You can do #1 yourself, and the listing agents of places you're interested in can do #2. The listing agent can also sign off on both ends of the deal (and your lawyer does all the important work anyway). Provided the seller isn't a moron, this should help you get a better deal, since they can then beat the listing agent down on commission. Plus is means the listing agent now has a massive conflict of interest in your favor (they will definitely want you to get the house in a bidding war, since they won't have to split the commission with another agent).

EDIT: this one's controversial - first time buyers, might also be a good idea to go with an agent you trust.

Rule #10: Make bully offers. Preferably before the first open house, as the listing agent ought to call everyone who has expressed interest in the place to tell them you are putting in a bid. E.g. if the open house is on Sat, put in your offer Fri night or Sat morning. This hopefully gets you negotiating price one-on-one with the sellers rather than in a bidding war.

EDIT: Bully offers are a controversial topic, a product of a difficult market. There's nothing secret about them, the practice is so common it's expected and some real estate agents and sellers have policies on them. Some think they're terrible behaviour, the principle that "you don't win if you don't try / it never hurts to try" can be false, the bully offer can, and has, back fired on buyers and agents.

Rule #11: Generally, if you find yourself in a bidding war, you have already lost.

Rule #12: It's a big city, pick 2-3 neighbourhoods and stick to them, it's too time consuming and frustrating to look at real estate over the entire GTA. If you, a first time buyer, has a hard working real estate agent he or she will tell you which 2 or 3 neighbourhoods you have best chance of meeting your requirements affordably and timely; again, this can be very difficult to assess on your own. NOTE: this requires a GOOD real estate agent. They are hard to come by.

Rule #13: Buyers should make a requirements list, probably 3-5 items, and predetermine which are required and which are negotiable: transit, parking, schools, parks, shopping, route to work, bedrooms, office, den, bathrooms, basement.

Rule #14: This worked for someone: Find the area you want to live in, then rent in it - make sure you want to live there 100%. Then approach your landlord, and put up notices in the mailroom saying "rent in building, would like to buy privately - call xyz before you list with a realtor" Then try to negotiate a deal - you'll get the benefit of a) no bidding war and b) saving a shit ton of money on realtor fees. A lawyer does all the crap anyway, and you're doing your due diligence by living there first.

Non-traditional times call for non-traditional methods.

EDIT: Some excellent comments below, I'm adding more rules!!!

submitted by staples1234567 to toronto
[link] [233 comments]

Rent To Own In Montreal – Real Estate Investing – TrifectaInvestors


Not so fast, Zillow; Redfin says Bay Area real estate is hotter than ever
San Francisco Business Times (blog)
Not so fast, Zillow — a recent report from the real estate data company showing that the Bay Area is experiencing a cooling housing market is off the mark, rival home data cruncher Redfin said. San Francisco and the surrounding Bay Area remains one of ...

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denver_realtor here. Let's talk about the Denver real estate market. AMA!

Sun, 23 Mar 2014 09:01:31 -0700

Hi Reddit! denver_realtor here.

I’m a Realtor with a real estate brokerage firm in Denver (I’m not going to mention them, but you’ve certainly heard the name), and I’ve been helping buyers and sellers buy and sell homes throughout the Denver metro area for the last 9+ years.

Here are some stats for the Denver market in 2013:

Number of sales: 62,256

Average sold price: $303,621

Median sold price: $251,000

Average days on market: 52

Average sale price to original list price ratio: 98.5%

Let’s talk about the Denver real estate market. AMA!

Verification has been sent to mods.

EDIT:

Wow, lots of responses! First off, I should have noted that as a Realtor I focus primarily on buying and selling – not renting. I’m not very familiar with the rental market so I may not be much help for those questions. I’ll answer what I can though.

I'm working my way through your questions as quickly as possible. I’ll be in and out today, so please be patient. What I can’t get to in the afternoon I’ll try to get to tonight. Thanks!

EDIT2:

Signing off for a few hours but keep posting questions and I'll be happy to answer them as quickly as I can when I return this evening!

EDIT3:

Thanks Reddit! This has been a lot of fun! Signing off for the evening, feel free to PM me with any additional questions! Let's do this again sometime!

submitted by denver_realtor to Denver
[link] [179 comments]

Real Estate – Green River


Wall Street Journal

Your Real-Estate Horoscope
Wall Street Journal
Buy or rent? Sell or stay? With the full moon on Saturday and autumn quickly approaching, we've checked in with a professional astrologer for a light-hearted look at what the stars have in store for your real-estate future. As Saturn moves into ...

The Nexus 4 actually has more screen real estate than the Nexus 5

Fri, 01 Nov 2013 02:31:30 -0700

Guys, look at the first 2 minutes of this video:

http://www.youtube.com/watch?v=6QHkv-bSlds

Like all 5 inch 1080p devices, the Nexus 5 reports to the Android OS to be a 480PPI device while it is truly 440PPI. This actually means that the Android OS thinks these displays are physically smaller than they are, and UI elements on 5 inch phones are needlessly large (by UI guideline standards).

As a consequence, the actual screen real-estate available to apps (expressed in density independent pixels) is 640x360 compared to the Nexus 4's 640x 384. So the Nexus 4 has just as much vertical real-estate while having more horizontal real estate.

tl;dr: Because of the way Android works, the Nexus 4 can fit more stuff on its screen at once compared to all 5inch phones out there.

submitted by Snerual22 to nexus4
[link] [88 comments]

3 Benefits Of Real Estate Investing


Real Estate Notebook: At 100 Washington, more than a fresh coat of paint
Minneapolis Star Tribune
The San Francisco-based real estate investment company purchased the properties in downtown's Gateway District last August, knowing the 1980s-era office complex needed a refresh. It has hired Minneapolis-based interior design firm Shea Inc. and the ...

Gallup: Poor Americans think Gold is the best long term investment, other Americans think it's real estate

Mon, 21 Apr 2014 20:03:10 -0700

This gallup poll asks Americans "What is the best long term investment?"

That real-estate-as-top-pick view largely applies to upper-income Americans, living in households with incomes of $75,000 and over. Gallup found that 31% of those in the lower-income bracket — living on less than $30,000 — believe gold is the best investment option, followed by real estate, at 28%, and stocks, at 13%.

In between, those on incomes of $30,000 to $74,999 give gold, stocks and real estate equal billing at 26%

http://blogs.marketwatch.com/thetell/2014/04/21/poor-americans-pick-gold-over-stocks-as-the-best-investment/?link=sfmw_fb

submitted by Software_Engineer to investing
[link] [240 comments]