Sunday, June 19, 2011

7 Tips for a Real Estate junkie...!

As I’ve written in my book “How to Survive the Next 365” I have more than 17 years of Real Estate experience. Having been involved with more than $10 million of real estate transactions, I’ve constantly kept my ear to the pulse of the market. Listed below are my 7 tips for real estate in 2011, I want you (the readers) to focus on. Of course as I go around the country speaking (on those occasions I talk about real estate) I advise you to listen to those who have experience in the business. Be careful to watch who you listen to! There are those who would have you believe real estate is dead….DON’T BELIEVE THE HYPE J

 1.      There’s still only a limited amount of land in the World. So, no matter what the Government, Wall Street & real estate experts say... supply and demand principles never lie!

2.     2.  If you are liquid you are GOLD. Now is the time you can find some unbelievable retail real estate deals especially in the residential forum. I’ve seen deals up to 80% off already discounted purchase prices.

3.      3. Out with the old…in with the new! The art of “flipping” is long gone and a dead way of doing business. Although you’re able to get deals like you’ve never done before, you are going to have to exercise patience in your exit strategies. Buying and holding property will allow you to put yourself in a position of extreme wealth in the near future. In most markets 20-30K will allow you to obtain a practical 2 or 3 bedroom home with little to no rehab work. I would advise you to make the home rent ready and build yourself a positive cash flow on a monthly basis while you wait for the market to correct itself.

4.     4.  For those who are a bit more risqué, try to pool your monies in order to be able to approach banks with a bulk order offer. You’ll probably need a minimum of 100,000 cash to (250,000 min would be ideal) in order to bid for a bank’s REO bundle. When purchasing these large bundle packages, you will have properties that need a ton of work and those that will be steals. Your steals will be more than enough to break even or make a profit. Hold on to your duds or sell them off at extremely low deals.


5.    5.   The banking industry is still trying to find its way back into the trusting arms of the American people. On the other end, real estate has (in most markets) bottomed out. So, by purchasing property via cash deals you’re investing at an extreme low rate on future valued asset with nowhere to go but up. The almighty dollar is taking a beating so the quicker you can convert it to a valued asset the better. When it’s time to sell be sure to utilize a 1031 exchange deferred tax process (I just love this form!).

6.      6.  Small multi-unit apartment complexes are a prime time investment. Although I wouldn’t recommend them for beginners, if you want true positive cash flow assets…this is your baby! Again, due to the extremely low rates & prices you can get these gems dirt cheap. There’s still a need to have a great maintenance and management crew (without them you just bought yourself a 60hr job). As a result to the market crash and high foreclosure tally, many are having to result to becoming a renter. With proper location (plus the other 2 recommendations) you should be able to keep a 70-80% occupancy rate. This should be more than enough to keep you in the black. Oh, and by the way, fully furnished rentals are making a comeback!

7.   7.    Finally, I want everyone to understand that a house is only an investment when it is bought properly with the proper investment strategy. Just buying a  home to live in does not make it an investment (it makes it a BILL)!? So, even if you’re simply looking for a great upgrade for you and your family be sure to think about a long or short term strategy to make you a significant profit! As many have discovered a home can become a complete nightmare which will/can have you upside down in a New York minute…

 I truly hope I've empowered a many of you, tantalized others, and encouraged a few to stop listening to CNN, CNBC or Fox News and get in the game. It is time like these when millionaires are made; while others sit on the sideline waiting for the end of days (which by the way came and went). Be sure to purchase my book, give me a call and let me know how successful you're becoming in real estate. 

Happy hunting!!!

Milano Flascucci~


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