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Be a Real Estate Investing Expert - In An Instant
By Steve Majors
Here's a simple method of getting to know your
real estate investing market, which is VITALLY
IMPORTANT before you can know if a
property/price is worthy of calling a 'deal' or
not...
This 'LAZY' method of market research reveals
some amazing facts about the real estate
investing market in your area and it works for
any area there is....
Take a local newspaper (you can get many of
them online, for free, nowadays) and simply
count the number of 'For Sale' and 'For Rent'
ads, keeping track of them for later reference.
Usually, Sunday and Wednesday papers are the
'biggest real estate investing days', so, for now,
just watch these.
Keep track of the number of ads for a few
weeks and watch what is happening to your
market (hold on, now, we're coming to the part
about you turning all this research into a really
great real estate investment).
Keeping more detailed records (what price for a
3/2/2 in the SW part of town is being offered for
sale and rent wise, etc.) will yield tremendous
knowledge, but, for now, just to get started in
your real estate investing, stick with the basic
'total ads' research.
After a few weeks, you'll start to see 'trends' in
the real estate investing potential of your area -
maybe the number of For Sale is going way up
and the number of For Rent is going way
down...
In such a market, what are you doing looking
for 'flips' as real estate investments anyway?
Such a trend clearly shows that there are fewer
people buying and a high demand for rentals
(perhaps a good time for you to pick up some
deals for your long-term real estate
investments).
You see, the newspaper (and the active
market) has shown you what you need to be
looking for (or not), and this is certainly a good
indication that there are few Buyers (whether
for themselves or as real estate investments).
Maybe it is because of some local condition (like
the closing of a major employer or something),
or it could be more national (like the interest
rates rising quickly, etc.) - i.e., it could be
something you can control, but most likely it
isn't.
However, it doesn't mean you can't make real
estate investing money in such a market!
You can certainly make money in a real estate
investing market where there are few 'For
Rent' and lots of 'For Sale' properties (even if
you have poor credit and no money...)
This is a perfect time to be doing Lease
Purchase/Options! Yes, it is a great time to
simply make CA$H in your real estate investing
business.
And, if (and WHEN) the real estate investment
market changes again, you will already be on
top of it because you'll keep this simple method
in mind - just watching the total number of ads
in the paper - something anyone can do (but so
few will...) and you'll know what the next real
estate investing 'trend' will be - maybe back to
'flipping', or maybe something else...
Just one of the major reasons that you need
more than one 'tool' in your real estate
investing toolbox.....
Here's to your successful (and LAZY) real estate
investments...
About the Author
Steve Majors - The Lazy Investor
Profit from Real Estate Investment Articles, Real Estate Investing Information & News
from One of The Most Creative Investors On The Planet ~FREE MEMBERSHIP & Real Estate Training Course~ http://SteveMajors.com
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