By Frank Cook
Within the moment version of this best-selling e-book, Frank cook dinner presents much more hands-on suggestion from top-producing actual property execs to assist new brokers get their commence, or keep, a profitable occupation in genuine property. the second one variation bargains sensible counsel for fast-tracking your first transaction, constructing a business plan, effectively facing opponents and lots more and plenty more.
Interviews and real-life insights from the true property industry's such a lot winning and most sensible generating agents and agents.
Revised and up to date know-how bankruptcy bargains a jargon-free clarification of the hi-tech strategies to be had today.
New appendix outlines the approximately two hundred parts of a true property transaction in a brief, at-a-glance checklist.
New end-of-chapter counsel provide useful, take-away recommendation and spotlight key innovations.
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Extra info for 21 Things I Wish My Broker Had Told Me: Practical Advice for New Real Estate Professionals (2nd Edition)
This demon is also a master of deceit and labors tirelessly and endlessly to cloud our minds with “what-ifs” to convince us that we cannot possibly succeed. It is up to us to raise the shield of courage, and then wield the sword of truth and slay the demon. If this demon exists in your mind, I promise you that you have the power to smite him into oblivion. It is up to you, however, to pick up the sword and use it. Knowledge will supplant fear, courage will take root, and truth will surely prevail.
In other words, how much does it cost? Second, I must be able to estimate with a high degree of accuracy the cost of the improvements plus any related transaction costs and carrying costs such as interest and taxes. Finally, I must know what the value of the house will be after all of the improvements have been completed and what price I will be able to sell it for. It is this third component that is extremely location sensitive. For example, the resell value of a 1,000-square-foot house might be $62,000 in the 2400 block of a particular street, but only $32,000 in the 1400 block of the same street.
I recommend starting out by experimenting with several of the methods you are most familiar with. As you gain more experience and are eventually able to devote yourself full time to the real estate business, I suggest using all of them. The more undervalued properties you have to review and analyze, the better and more profitable your chances will become. Professional Associations There are a variety of industry related professionals who can alert you to potential investment opportunities. These consist of people who deal with various facets of the real estate industry in one form or another and include professionals such as real estate appraisers, mortgage brokers, title insurance closing agents and title processors, property insurance agents, property surveyors, and engineers, to name a 43 How to Find Undervalued Properties few.
21 Things I Wish My Broker Had Told Me: Practical Advice for New Real Estate Professionals (2nd Edition) by Frank Cook