Jeannie Niles Real Estate Investment
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Basic Real Estate Investment Strategies
There are some basic strategies that apply across the board no matter where you are investing or what the current economic conditions are.
Understand what the investment is going to do for you. Provide income? Tax write-off? Future appreciation?
Do your homework on the stability of the area, crime rates, demographics and/or work with an experienced broker that you trust and with whom you have a good rapport.
Always maintain cash reserves and/or have a credit line to handle unexpected expenses.
Never allow yourself to have to sell a property. You do not want to be a needy seller in a down market – you want to be a prepared buyer.
Plan, plan some more, and then plan again. A major key to successful investing is recognizing what you want to accomplish, then set goals as to how you are going to get there. Life styles and goals will change over time, at which point you’ll need to reassess your plans and make adjustments.
ALWAYS hire a qualified professional to take care of property management and other important services. Anytime you can hire someone to do something for less than you make per hour in your current career, you should do so.
Maintain adequate insurance, both on the property as well as liability insurance. Check out an Umbrella policy.
Maintain accurate records. Have your files in order both for liability issues and an IRS audit.
Basic Investment Info
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While your strategy will change depending on the market, there are 4 primary ways to make money in real estate.
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When crunching the numbers on a property, you'll often encounter some real estate lingo. Here's what things like 'cap rate' mean, and how to use them.
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There are some basic strategies that apply across the board no matter where you are investing or what the current economic conditions are.
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Good brokers don't simply sell you property, they help you define your investment strategy.
Investment Strategy
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Now is the time to be buying! Aggressively priced properties are selling over listing price with multiple offers.
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While almost everyone says they invest for “MONEY,” in reality, we all invest for what we expect the “MONEY” to provide us. Read on for info on defining realistic goals and developing a strategy to achieve them.
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Compared to other types of investments, real estate provides you an incredible amount of control over your property.
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When I work with a client, I try to match the type of property to the investor's personality and portfolio.
Optimize Your Portfolio
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I always encourage my clients to “never be sellers” but there are times when a property needs to be eliminated from a portfolio.
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If you currently have an option loan, also known as an exotic loan and want to get out of it, there are some serious issues to address.
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Good property management is the number one factor in the success of your real estate portfolio.
Every investor's situation is unique, and I have over 25 years experience solving problems. Use the form below to ask me about your unique needs.
Jeannie Niles Real Estate Investment
P.O. Box 317
Palm Desert, CA 92261
P: (760) 360-4020
F: (760) 340-9069
E: jniles@realestate-investment.com
