Archive for August, 2009
Aug
31
Real Estate Investing For Dummies, 2nd Edition (Paperback)
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Product Description
Real Estate Investing For Dummies, 2nd Edition, is completely revised and updated to help you overcome the challenges and and take advantage of the opportunities in any real estate environment, including a down market. But Eric Tyson and Robert Griswold’s core message remains as relevant today as it did upon the initial publication of Real Estate Investing For Dummies — investing in real estate is time-tested vehicle to build wealth in the long term. Tyson and Griswold don’t tell you how to become a millionaire overnight. Instead, they offer proven, practical, and actionable advice so that if you chose to invest in income-producing properties, you can do so wisely and confidently.
From the Back Cover
Now updated — your guide to building long-term wealth through real estate
Want to be a successful real estate investor? Eric Tyson and Robert Griswold present their proven strategies, along with updated tips for easily riding out downturns in the real estate market. From homes and apartment buildings to duplexes, commercial properties, and real estate investment trusts (REITs), you’ll master every aspect of investing in and financing properties, and see how to increase their value.
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Build a foundation for investing success — get your finances in order, weigh your investment options, understand the risks, and work with real estate pros
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You have to pay to play — raise capital, finance your purchases, and secure the best mortgage terms
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Find and evaluate properties — choose the best locations, understand leases, project a property’s cash flow, and decide how much to pay
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Master the negotiation process — assemble attractive offers, complete the purchase agreement, conduct formal due diligence, and close the sale
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Manage your property — be a top-notch landlord (or hire help), get the insurance you need, know the tax angles, and decide when and how to sell
“Both beginner and experienced real estate investors will profit from studying all the aspects to consider when maximizing property profits.”
—Bob Bruss, Inman News, on Real Estate Investing For Dummies
“This is simply the best book on the topic.”
—Randall Bell, author, Home Owner’s Manual
Open the book and find:
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Tips for buying and improving properties
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Proven methods for boosting a property’s return and value
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The opportunities of the market downturn
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Expanded coverage on foreclosures, short sales, and REOs
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The latest on buying fixer-uppers and flipping
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New details on buying hotel condos and timeshares
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Changes in the tax laws
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Finding properties online
Buy Real Estate Investing For Dummies, 2nd Edition (Paperback) at Amazon
Aug
31
California Real Estate
Posted by: | CommentsSan Fernando Valley Houses For Sale
The state of California is situated near the coast of the Pacific, and ranks as the first among other states of the country which has the most population. The four large cities of California are San Diego, San Francisco, Los Angeles and, San Jose. Aside from its diverse topography, its ethnic population is also widely diverse.
All over the world and all over the country, the state of California is known for a lot of things:
Sandy beaches – found in the coast of the Pacific, visited by local citizens and tourists alike
Yosemite Valley – very popular since, it is home to domes which are carved from glaciers
Gigantic sequoia trees – the Earth’s biggest living organism
Mount Whitney – the highest point of the country
Old redwood trees – considered as the Earth’s tallest living things, grows mainly in the northern part of San Francisco
Death Valley – known as the second lowest place and, as the hottest location of the Western Hemisphere
Bristle cone pine trees – their age is 4,700 years, and are recognized as the most ancient trees around the globe
California Gold Rush – started during 1848, increased the population of the state, and its economy.
These trivia are just some of the things which make California one of the most popular locations around the globe. If you are planning to make an investment, do it with a California real estate.
The Great Economy of California
If you invest on a California real estate, you will become part of the booming economy of the state. For the year 2005, the GSP of California has reached up to $1.62 trillion. This is a great opportunity which investors should not miss. The GDP of the state ranks as the eighth largest around the globe. This is because of its important economic regions like; the central valley of California which is home to its agriculture, the Silicon Valley, and the regions of the state which highly produces wine.
The Rich Geography of the State
California has various geographic locations like; beautiful beaches, snowcapped and coastal mountains, fertile valleys, rivers, lakes and thick forests. Because of the magnificent beauty of the state, it is known as one of the most famous tourist destinations. If you are an investor who wants to earn big, then a California real estate should be your first choice.
Hollywood: Entertainment Capital
When you want to make an investment, you should choose a location which is visited by a lot of people, you can rent out apartment units, or you can sell homes. Invest on a California real estate, and rest assured that people will be hounding on your door for transactions. One of the most popular locations of the world and the country is Hollywood. This district is located in Los Angeles, and is famous as a center for celebrity stars and, movie studios. A lot of the theaters within the district are historical. On the other hand, the Academy Awards is hosted here. Los Angeles is one of the state’s top selling areas, so invest on a California real estate here.
Seth Willis Jr. is the webmaster for http://www.planetpads.com and a savvy real estate investor. His focus for Planet Pads is to allow users to showcase their real estate from all over the world .Users can browse properties , rentals , vacation homes and commercial properties from every corner of the globe.
San Fernando Valley Homes For Sale
Aug
31
Real Estate Listings Online Vs Newspaper
Posted by: | CommentsIf you are looking to purchase a family home to live in or a rental investment, you will have to do a lot of different property research. Usually the first place people go is their local newspaper, but another current trend is searching properties online.
Now that the net is accessible in so many places around the world it has made searching real estate listings really easy. The older method of searching through newspaper after newspaper for property listings is still around, but it is usually time exhausting.
The newspaper listings generally happen on a weekly basis. So if a deal has materialized in the meantime, there is no way you can check it without actually calling up the owner/broker. On the contrary, internet real estate listings are updated everyday or maybe twice a week. New real estate listings go up on the internet everyday.
So, if you have been using only the newspaper as your source of real estate listing information, you might end up getting stale information. You might lose out on a deal that was out on internet, say 2 days before.
Sometime making that initial offer can be the game changer as to whether you get the house or not. If using the net, you will not need to scour through page after page of irrelevant house listings that you have no use for. Simply fill out the respected search fields and up comes only relevant properties.
Paper publications lack this feature big time, they tend to have the listings categorized by district only. Internet lets you search for something as precise as “5 bedroom houses”. Being able to utilize such a specific set of search criteria can cut out any useless research time.
With the online listings you don’t even have to keep notes on houses, you can simply print it out. Many listing websites also have organizational tools that allow you to compare and save housing choices for future reference. Some even allow you to contact representatives through the site.
Another important benefit from real estate listings on internet is that some of them also contain images of the property. So you can have a look at the images and see if you like the property at all. So, real estate listings on the internet do seem to offer a lot of convenience. However, internet or newspaper is really a matter of personal choice too.
Tyrel and Torrey will help you keep up to date and informed about the Kamloops Real Estate market. Visit them online at Kamloops Real Estate for more information.
Aug
31
The Facts About California Real Estate Investing
Posted by: | CommentsSan Fernando Valley Houses For Sale
It would seem to most people that there would be few opportunities for California real estate investing. The state has one of the highest costs of living of all the states in the country. While this increase in cost of living keeps many Americans from moving out West, there are still some people who make the state their permanent residence. There is constantly an influx of people moving into the state of California creating a constant demand for real estate. This demand is what keeps California investing an opportunity for real estate investors.
For successful investing in California property, investors much keep a consistent watch on the real estate trends. While there are some cities in the state that will always be popular, those cities that present the biggest opportunity for investing are always changing. Investors must pay close attention to market trends in these cities.
In California real estate investing, there are some key factors to pay attention to. One of these factors is the average days on the market for homes. This number lets investors know how long they can expect for a home to stay on the market before it is sold. If the number decreases over a period of time then the market is speeding up and it is a good time to invest. On the other hand if the average days on hand is increasing, the market is slowing. Investors that currently hold properties should sell to keep from losing money in California real property investing. In the case that time on the market is increasing, investors in California real estate might need to adjust the price of their homes to make sure they are selling.
Sacramento and San Diego are two key markets that are slowing. California real estate investing in either of these markets is not advised. Investors that already have these markets real estate in their portfolio should divest the properties quickly. The exception is if the properties are rentals rather than homes for sale. However, if the homes are intended to be sold, the best time to do so is now. Waiting to sell the properties could result in losses.
Condominiums are one type of property that never seem to lose steam in California. In most cities, even those that overall home sales are declining, purchase of condos are still on the rise. The California real estate investing market is safe for condos.
Oakland, San Francisco, and Riverside are a few cities that are safe for California real property investing. Despite the decline in many other California cities, these continue to display signs of growth. In the past, California real estate has proven to be trendy. Residents do not remain interested in one place for an extended period of time. While investors will be able to make a profit in these areas for the time being, they should not expect for these markets to be profitable for long.
For the best opportunity for success in California real estate investing, investors should study the markets for a period of time prior to making any transactions.
Free for sale by owner listings – sell your house for free – You can also search our database of land for sale by owner or read a selection of flipping real estate articles and information at Home-Sale.com.au
San Fernando Valley Homes For Sale
Aug
31
San Fernando Valley Houses For Sale
The Golden Hill region is located near Downtown San Diego County, California. The community is located between Interstates 5 and 15, just south of the famous Balboa Park.
For the period observed (January through July 2006 compared against January through July 2005), the number of homes sold remained relatively consistent. Approximately 74 single-family homes sold in 2006 and 76 homes sold in 2005.
One method to analyze pricing trends for a particular community is to evaluate the median and average price of homes for a particular month, and compare that data against the same period last year. What follows is a comparison of the median price and average price of homes for the past seven months (January through July 2006), compared against the data for the corresponding time period in 2005.
The median price of homes represents the point at which half the homes are above a particular price point, and half the homes are below a particular price point. The average price of homes is calculated by adding up the sales price of all homes sold in a particular month, and dividing that value by the number of homes sold.
The median price of homes in July 2006 was $572,000, compared to $425,000 in July 2005, which represents a 34.6% increase. The average price of homes in July 2006 was $551,875, compared to $466,636 in July 2005, which represents a 19.5% increase. Approximately 8 homes sold in July 2006 and 11 in July 2005. In summary, there was an upward price trend in July 2006 compared to the same period last year.
The median price of homes in June 2006 was $451,500, compared to $540,000 in June 2005, which represents a 16.4% drop. The average price of homes in June 2006 was $457,600, compared to $514,846 in June 2005, which represents an 11.1% decline. Approximately 10 homes sold in June 2006 and 13 in June 2005. In summary, there was a downward price trend in June 2006 compared to the same period last year.
The median price of homes in May 2006 was $500,000, compared to $430,000 in May 2005, which represents a 13.9% increase. The average price of homes in May 2006 was $545,067, compared to $465,727 in May 2005, which represents a 10.5% increase. Approximately 15 homes sold in May 2006 and 11 in May 2005. In summary, there was an upward price trend in May 2006 compared to the same period last year.
The median price of homes in April 2006 was $442,500, compared to $510,000 in April 2005, which represents an 8.3% drop. The average price of homes in April 2006 was $448,071, compared to $512,067 in April 2005, which represents a 10.9% decline. Approximately 14 homes sold in April 2006 and 15 in April 2005. In summary, there was a downward price trend in April 2006 compared to the same period last year.
The median price of homes in March 2006 was $415,250, compared to $437,500 in March 2005, which represents an 8.2% decrease. The average price of homes in March 2006 was $451,886, compared to $428,375 in March 2005, which represents a 5.5% increase. Approximately 14 homes sold in March 2006 and 12 in March 2005. The data was mixed for March 2006, as the median price dropped and the average price increased from the same time last year.
The median price of homes in February 2006 was $452,500, compared to $512,500 in February 2005, which represents a 6.7% drop. The average price of homes in February 2006 was $483,128, compared to $503,625 in February 2005, which represents a 1.7% decline. About 8 homes sold in February 2006 and 8 in February 2005. In summary, there was a downward price trend in February 2006 compared to the same period last year.
The median price of homes was $455,000 in January 2006, compared to $500,000 in January 2005, which represents a 9% decline. The average price of homes in January 2006 was $446,280, compared to $467,483 in January 2005, which represents a 1.3% drop. Approximately 5 homes sold in January 2006 and 6 in January 2005. In summary, there was a downward price trend in January 2006 compared to the same period last year.
So what does the data tell us? Well, the data above does not reveal a consistent pattern. The home prices for May and July 2006 were up year-over-year in the range of 10% to 35% from the same period last year. However, prices were down 1% to 16% during January, February, April and June 2006, compared to the same time last year. The data for March 2006 was mixed, with the median price dropping 8.2%, and the average price increasing 5.5% for the same time last year. Given the ups and down described above, a longer period of evaluation is needed to determine if a clear pattern emerges. Contact an experienced Realtor to obtain additional insights about the pricing trends in the Golden Hill real estate market.
San Fernando Valley Homes For Sale