Author’s Archive: Kimberly Wilson

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Do you want to become a real estate investor? Are you buying your first home or a second house to fix up? The following paragraphs have ideas you want to read. Take what you learn and make the best decision for your personal circumstances. After finishing the article below, you will be able to go into real estate investing with the right frame mind.

Reputation is important when you are stepping into this arena. Abide by what you say, and do not lie to possible clients. This makes your reputation increase.

Find other investors and talk to them. People who have already done this have valuable insight to share with you. Their knowledge can prevent you from making mistakes and save you some money. Another resource when searching for informative people is the Internet. Try joining some real estate forums to engage meetups.

Location is incredibly important in real estate investing. The condition of the property and other aspects can easily be changed. Properties which are located in rapidly depreciating areas will almost always result in a bad investment. When looking to purchase real estate, always make sure you investigate the area and its property value.

It can be extremely helpful to sit back and listen during negotiations. People who talk a lot can negotiate against themselves. When listening, you can catch the right moment you need for that desired price.

When investing in real estate, be realistic about the amount of time you will be able to spend on property management. Tenant problems can be extremely time consuming. Consider hiring a company that handles property management.

When you are trying to determine the monetary worth of a home that you are considering buying, don’t neglect to factor in potential rental income. In the right area, you can earn thousands of dollars a year in rental income. Then you could resell the house for a bigger profit later on.

Keep a handyman nearby when you are considering buying a property. Otherwise, you will spend lots on repair expenses. Plus, your handyman should also be able to handle any after-hours emergencies that may arise in your rental property.

Always look at the whole neighborhood before you decide to invest in a piece of property. Some neighborhoods are obviously a better value than others. Where a property is will help you to determine what it’s worth.

Don’t go too far into your personal finances for your investments. When you invest in real estate, you’ll often not be able to access the money for a while. However, over time you will make a lot of money.

Currently foreclosures are flooding the market and they are not all damaged beyond repair. By joining a list that notifies you when foreclosures become available, you get a jump on looking it over and getting a fantastic deal before others realize it is available. This saves you time from contacting the county offices, realtors and lenders. Finding accurate information is possible, since these tend to be up-to-date.

Try broadening the horizons by investing in some business properties aside from just residential ones. Not only can a business property be rented for longer terms, but they can bring in a lot of money. Business complexes and strip malls are a few ideas; both open up the door to great ventures.

Examine that country’s economic forecast when looking to buy some real estate. High rates of unemployment in the area lowers the value of the property. This means that in the end you may not get a big return. A more robust city will increase property values.

Don’t invest your money into a property that’s not affordable. Make sure any rental property you own is making enough to meet the mortgage and maintain it, even when there are vacancies. If you depend just on your income from rentals to pay the mortgage it’s not really that smart to do.

Make certain to have the property inspected before purchase and plan on investing money into those repairs. Should you want to sell, that means anything you do prior to the sale needs to be evaluated. If you are going to rent out the property, you also have to factor in a budget for maintenance. Always pad your anticipated expenses a bit to plan for the unexpected.

Begin investing right away if you want to make real estate your side business or career. A major mistake is to not enter the market to learn about the business as soon as you can. If you wait for a long time, you’re not going to be able to catch up with people that start right away.

Stay away from beginner realtors. When it comes to investing in real estate, you really need someone experienced to provide you with the best opportunities. The only way you find exactly what you desire is by using one with experience. At the very least, hire an experienced firm.

Don’t let one deal consume all of your time. Something that eats up your time is not really a bargain. What’s really going on is that you are missing out on finding other possibilities out there.

When you want rent out your investment properties, it’s crucial that you have money saved to cover each month’s mortgage up to the point that you finally get them rented. Funds for this can help relieve your mind knowing that you can afford the mortgage while you wait for another renter.

Always keep enough capital on hand to cover the mortgage on your rental property, regardless of whether your tenant can make the rent. You will feel better until the next tenant comes around when you have the extra money.

Know the marketplace’s lingo. You should have good idea what you are talking about at all times. If you come across as someone new to the business, the seller might try to take advantage of you. You want to use your lingo and your knowledge to your advantage. If you sound professional, negotiations become easier.

With your new understanding of real estate investing, you ought to be excited to begin. When you make proper decisions, you can make good money through investing in a property. Hopefully, you’ve just learned enough to start off on the correct path.

Chartwell Holdings sold the 450-unit Landings at Oak Hill apartments at 4300 Flat Shoals Rd. in Union City, GA to Blue Rock Partners for $23.4 million, or approximately $52,000 per unit. The 469,522-square-foot multifamily community consists of one-, two- and three-bedroom units across 46 three-story buildings. On-site amenities include a fitness center, tennis courts, a swimming pool and on-site property management. Located in the South Fulton…

Dallas-based Mill Creek Residential secured $87.4 million in construction financing for the development of Buckhead Modera, a new 21-story apartment tower scheduled to break ground this month next to The Shops at Buckhead Atlanta. A multifamily developer, owner and operator of apartment communities nationwide, Mill Creek Residential placed the loan with Citizens Commercial Banking for the 399-unit multifamily project, which will go vertical at…

Carey Watermark Investors 2 (CWI 2), a publicly registered REIT headquartered in New York City, has finalized a deal to acquire the 21-story Renaissance Atlanta Midtown Hotel for an undisclosed amount. The 304-room hotel delivered in 2009 at 866 W. Peachtree St. off I-75 and across from the campus of Georgia Tech in Atlanta’s Midtown/Pershing Point submarket – home to roughly 14 million square feet of office space including the Coca Cola headquarters…

Bethesda, MD-based REIT Condor Hospitality Trust, in an 80/20 joint venture with Three Wall Capital out of New York City, has closed on the 254-room Aloft Atlanta for $43.55 million, or approximately $171,000 per room. “The Atlanta Aloft is a premium quality, select service hotel meeting the new investment strategy of the company that was sourced off-market and that will be managed by an affiliate of the party that introduced the investment,”…

Denver-based Simpson Housing has added a trophy asset to its multifamily portfolio after reaching a deal with property developer Oliver McMillan to acquire the 370-unit Residence Buckhead Atlanta in Atlanta, GA for $136.5 million, or approximately $369,000 per unit. Oliver McMillan completed construction in 2014 on the 20-story luxury high-rise at 297 E. Paces Ferry Rd. NE as part of the firm’s Buckhead Atlanta development, an award-winning mixed…

Does getting involved with real estate look like something you want to do? Have you see others profit from it? It really is possible to generate profits by getting involved with real estate deals. All you need is a little knowledge. Apply this advice to get your market adventures underway.

Decide which type of investing you will focus on with real estate before you begin. You may find that real estate flipping is just your style. You may even prefer to start rehab projects when choosing real estate. The work involved is quite different, so it’s important you choose wisely.

Look around for others who share your interest and learn from one another. There are a lot of people out there that want to get into investing in real estate. You may even find a group in your area that focuses on making money in real estate. If you cannot find such a group locally, there are groups online that serve the same purpose. Join and learn tips from other investors.

Be certain to choose regions that have good reputations and where lots of people want to live. This will maximize the value that you get when selling. Try looking for properties that you can be kept up easily.

As an investor, you have to think realistically about how you are going to divide up your available time. Tenant issues can eat up your time. If you do not think you have the personal time free to manage tenants directly, consider hiring a property management firm to do it for you.

If you buy a rental property, it is vital that you wisely choose your tenants. The individual should be able to pay both the first months rent and a deposit ahead of time. If they can’t, they aren’t a reliable bet for you. Look for a different tenant.

Educate yourself on the basics of investing in real estate prior to spending your hard earned money. Mistakes in this business can cause you to lose a ton of money if you don’t watch closely. Investing in the training needed is something you should do to be sure you’re protected.

When you invest in a property that you wish to rent, be wary of whom you choose as tenants. The person should pay the rent for the first month and a deposit without a problem. If they tell you that is not possible, they may not be able to pay rent either. Find someone else.

When you purchase a property as an investment, it is a smart idea to look for a good handyman. If not, you may find you cash going to unnecessary repair expenses. A great handyman will always be available for you, even during an emergency.

Look over the entire neighborhood before buying a property. The right neighborhoods hold value, but bad neighborhoods are not going to provide you with a solid return. Buyers look closely at location, and you should too.

Stay away from purchasing real estate in neighborhoods that are bad. Know the property before you buy it. Do the research needed. Great deals aren’t enough in a seedy neighborhood. You might have trouble reselling, and vandalism may be problematic.

Exercise plenty of patience in the beginning. Finding the right investment takes time. Perhaps there just aren’t any properties that people like, or there aren’t good terms. Never let your guard down and settle on a sale. That is not a wise use of your money. Be patient, and invest only when a great deal comes your way.

Are property values rising where you live? Are there a lot of vacant rental properties? Depending on your plans for the property, you will have to think about these questions. Buy low when flipping to avoid affecting rental profits setting expectations too high only to discover you can’t get an adequate amount of renters.

If you are looking to get into real estate, then you have to learn to take the good with the bad. You must never allow these swings to dissuade you from your goals. When you’re able to persist at this, you should have some success. Learn from your mistakes and don’t make the same mistake twice.

Don’t buy just to add to your owned properties. More is not always better. It is essential to investigate each property before buying. This will largely protect your investments.

Make sure that you follow all of the real estate laws. Legal stipulations vary between towns, so you should know this ahead of time. Contact local officials to ensure that you are in compliances with local, state and federal laws.

Don’t invest in a rental property without learning about the rent prices in that area. It is important that you don’t overprice your rent because empty property just cost you money. This will hurt the value of your property.

Know the lingo of the marketplace. You need to know such things so that you will understand what others are talking about and so that you sound knowledgeable yourself. If a seller thinks you might be new in this game, they will try to play you. You must be able to use what you have learned to your best advantage. The more professional-sounding you are, the better you can perform during negotiations.

When you are negotiating in real estate, keep in mind these two guidelines. The first is to listen more than you talk. Second, think of yourself, not the seller. Your goal is to line your own pockets, not his.

Find areas that have a lot of foreclosures. There will always be a bounce-back in the market eventually. If you bought low, you could really cash in. Remember, however, that it may take a while to realize your gain.

Know the marketplace’s lingo. You should have good idea what you are talking about at all times. If you come across as someone new to the business, the seller might try to take advantage of you. You want to use your lingo and your knowledge to your advantage. If you sound professional, negotiations become easier.

The real estate market offers a good place for investment of capital and even potential income streams, but you have to be sure about what you’re doing. The tips shared above will help you get off to a great beginning that will help you make better decisions. Remember them as you go forward.

KeyBank Real Estate Capital (NYSE: KEY) has named Trevor Ritter as the firm’s vice president, senior mortgage banker for multifamily housing in the Southeast. As vice president, Ritter will provide permanent loans for multifamily assets through Fannie Mae, Freddie Mac, life companies and CMBS, as well as expand the company’s client base in the region. He will be based in Atlanta. Ritter previously focused on mortgage banking as vice president…

Columbia Ventures has secured $28.4 million in construction financing for the development of the 224-unit SPOKE apartment complex immediately south of DeKalb Ave. at 1471 La France St. in Atlanta. Scheduled to deliver in 2017, the mid-rise multi-housing project represents the first phase of a 6.36-acre, urban infill, master-planned development being constructed in tandem with the Metropolitan Atlanta Rapid Transit Authority (MARTA). Located…

The U.S. office market continued its steady momentum in the second quarter, recording 39.4 million square feet of net absorption in the first six months of 2016, nearly equaling the 40.2 million square feet absorbed during the record-setting first half of last year. The U.S. office vacancy rate ticked down another 15 basis points to 10.6% in the second quarter of 2016, well below the long-term historical vacancy rate of 11.3%. CoStar analysts…