Investing In Real Estate Can Be Good, Bad or Ugly

Posted by daviddon on August 31st, 2015

Investing In Real Estate Can Be Good, Bad or Ugly
The world of real estate investing can be good, bad or downright ugly. The real estate business is risky and it takes a good deal of learning the tricks of the trade to experience the good. But even the best probably have bad experiences and ugly stories that make for great lessons in learning what not to do in real estate investing.
The Good
A smart real estate investor will always use tools like The Multiple Listing Service (MLS). MLS is like a bible to those serious about investing in real estate, because it lists all properties for sale by brokers. Listings in the MLS give generous information about the property being sold and tell you if they are handyman's specials, bank-owned, in estate and what the asking price is.
If you're in the real estate business and have houses to sell, the Yellow Pages are a traditional and fairly successful place to advertise. You may not get a flood of calls on each and every property you own, but those that you do receive usually hold promise if not an outright offer.
Bad news can be in the your future if you rely heavily on For Sale By Owner investment sales. For Sale By Owner can mean one of many things. You might be wasting you time, because many people who are advertising selling property on their own are merely putting a poke in the fire so to speak, to see what the market is like and how many bites they get. These folks also feel, in many cases, that they know it all and can do it own their own. Meaning, they don't like to pay any expenses that go with hiring an agent to get the job done right.
The ugly in real estate investing can really turn into 'good,' because if you invest in a home that is ugly and needs repairs you could make a hefty profit when you are ready to sell. If you are into flipping in the real estate market, buying an ugly house, fixing it up and turning it into a profit as soon as possible, ugly may be the way to go.
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