ARRRG! - GOOD INVESTORS VS BAD INVESTORS [YOU CHOOSE]
ARRRG! - Good Investors Vs Bad Investors [You Choose]
Has this happened to you? You get an email or find a post online: 3/2, 1200sf, Year 1989, Lot 7500 Repairs: $35k ARV: $350k Your Price: $315k Applying due diligence when analyzing a property could be the difference between striking gold or striking out. In this free training video Randy discusses how to avoid buying deals that won't make you money. Saving you time and frustration. Enjoy! Rock on, Randy - The REI Rockstar Let's Connect: https://www.facebook.com/thereirockstar https://www.youtube.com/user/TheREIRockstarTV https://twitter.com/The_REIRockstar https://www.instagram.com/thereirockstar https://plus.google.com/+TheREIRockstar Thanks for watching.
Learn Which Zip Codes To Target For Your Real Estate Investing Business
Hey guys, It is absolutely critical to understand your local market when your considering investing in it. One way to do this is analyze the Days on Market or DOM to gauge the demand of a given zip code. Start by getting the data, I've included the link below. Leave our any zip codes where the median sales price is higher than the entire county. Then take out zip codes that you might now are out in the "boonies". Finally place the zip codes in ascending order by Days On Market. BLAM! You got some great zip codes to target for motivated sellers. Link: http://research.realtor.com/ Some other things to consider: Affordability Cash Transactions Flip Activity Foreclosure Activity Inventory (Supply/Demand) Days On Market Rent vs Own Ratios Let's Connect: https://www.facebook.com/thereirockstar https://www.youtube.com/user/TheREIRockstarTV https://twitter.com/The_REIRockstar https://www.instagram.com/thereirockstar https://plus.google.com/+TheREIRockstar Thanks for watching. Don't forget T'FLOSS (tag, follow, Like, opt-in, share and subscribe) Rock on, Randy - The REI Rockstar
OK my roadies, have you ever asked yourself, "How do I get started in real estate investing"? Well then in this free video training I'm going to show you how to find, analyze and select a U.S. market to invest in. It looks like a lot but when you break it down its actually quite logical and straight forward.
So sit back take some notes and most of all TAKE ACTION! Rock on, ​Randy - The REI Rockstar  When your analyzing a subject property for key values and metrics in order to make a sound investment decision, your going to need to start with the raw comparable sales data. Although an official CMA (comparative market analysis) from a licensed Realtor is the preferred method and source of evaluation, there are many free and paid websites online that allow investors to reference "comps" online. I have a complied an on going and up to date list each year for my fellow investors.
Once you've determined your values you can then use your formulas to make offers to sellers and prepare presentations for clients like private lenders and buyers. I wish I had a list like this when I got started in real estate investing years ago. Keep in mind these websites can have up to 70% of what sales are available on your local MLS (multiple listing service) so the more sources you utilize and compile, the better. Here is the list: https://www.redfin.com/what-is-my-home-worth http://www.zillow.com/how-much-is-my-home-worth/ http://www.homegain.com/homevalues http://www.totalviewrealestate.com http://www.homes.com/Home-Prices/ http://www.trulia.com/sell?sem=SellerLeads_Radius_Targeted_UD_value_values%20home&ts=Google&tscamp=Radius_Targeted_UD http://www.propertyshark.com/mason/text/infopages/comparables.html http://www.citi-data.com http://www.ziprealty.com/home-value-estimates http://www.eppraisal.com/ http://www.homesandland.com/Home-Values.html http://www.remax.com/homevalues/search/ https://www.citimortgage.com/Mortgage/Home.do?page=homeValueFinder http://www.realestateabc.com/home-values/ http://www.pmz.com/homevalue/ http://www.realtor.com/homevalues?source=web https://express.realquest.com/propertyvalue.aspx http://realestatecenter.bankofamerica.com/tools/marketvalue4.aspx https://www.chase.com/mortgage/mortgage-resources/home-value-estimator http://www.firstteam.com/homevalueestimate.aspx I wish I had a list like this when I got started in real estate investing years ago. If you'd like to receive post like this as soon as they arrive, join our mailing list and get the REI Rockstar Newsletter - Click Here. - Randy, The REI Rockstar
This episode: REI Tools Finding Comps Using ZipRealty - Randy explains how to use this website to find comparable sales data. Great for all you real estate investors out there.
Want more free tips and tricks? Join our newsletter - Click Here |
The REI Rockstar
Confessions of A Real Estate Investing Rockstar: Rants, Raves, and Real Estate Tips. Archives
October 2020
Categories
All
Awesome Tools
REI Ninja Negotiator Skills
Got A real estate question?
Copyright 2017 THE REI ROCKSTAR, ALL RIGHTS RESERVED.
 |
RSS Feed
Raving Reviews"Randy, I can't thank you enough man. I wish I would have had your mentoring program years ago when I spent way to much at another boot camp. Anyhow we did it. I signed up 3 months ago and we've done 2 deals together netting me $15,356.34!
Dave G - Glendale, AZ |
Got REI Questions?
|
Become A Fannavigation
|
Copyright 2018 THE REI ROCKSTAR, ALL RIGHTS RESERVED.
DISCLAIMER: The REI Rockstar site is here to provide real estate education, training and social networking without the promise/claims of earnings or return on investment. We don't offer tax, accounting, financial or legal advice. Before doing any real estate transaction, you should consult your own accounting, legal and tax advisors to evaluate the risks, consequences and suitability of that transaction. This site accepts and contains posts from our students, readers and the general public that we do not modify but also do not verify. There are no guarantees implied except where specifically stated. Notice: Any statements of income or earnings are either examples or estimates of potential income and should not be considered typical. There is never any guarantee of earning profit or avoiding loss. Success in real estate, as with any business, requires significant effort, skill and persistence. There are many factors that impact results, some of which you can control and some of which you cannot. Any effort to invest in real estate is done at your own risk and we recommend always performing your own due diligence. This presentation and supporting information is for educational purposes and should not be considered legal or financial advice and it is always recommended that you seek the advice of professionals. You agree that The REI Rockstar, its affiliates and employees are not responsible for the success or failure of your business decisions relating to any information presented by our company or our representatives.
DISCLAIMER: The REI Rockstar site is here to provide real estate education, training and social networking without the promise/claims of earnings or return on investment. We don't offer tax, accounting, financial or legal advice. Before doing any real estate transaction, you should consult your own accounting, legal and tax advisors to evaluate the risks, consequences and suitability of that transaction. This site accepts and contains posts from our students, readers and the general public that we do not modify but also do not verify. There are no guarantees implied except where specifically stated. Notice: Any statements of income or earnings are either examples or estimates of potential income and should not be considered typical. There is never any guarantee of earning profit or avoiding loss. Success in real estate, as with any business, requires significant effort, skill and persistence. There are many factors that impact results, some of which you can control and some of which you cannot. Any effort to invest in real estate is done at your own risk and we recommend always performing your own due diligence. This presentation and supporting information is for educational purposes and should not be considered legal or financial advice and it is always recommended that you seek the advice of professionals. You agree that The REI Rockstar, its affiliates and employees are not responsible for the success or failure of your business decisions relating to any information presented by our company or our representatives.