Author: Kimberly Allen

Personal Training To Invest In Real Estate

The moment you’re just getting started with a new venture, particularly those that revolve around professional investments such as real estate, you tend to commit a great deal of errors.

Most individuals who develop an interest in real estate investment end up looping from one mistake to yet another for many years, even after devouring lots of ebooks, videos, and training courses on the subject.

What is the missing link preventing most aspiring real estate investors from attaining financial freedom with real estate investments? Why do some people attain massive financial success while others see not even an ounce of success?

Reasons Why Ebooks And Courses Only Serve To Confuse You

Some weariless investors have been able to get started on their own and make tons of money, but they are the exception. When you find yourself failing continuously, what you need is a real estate coach.

Electronic books and courses drag you in different paths, but a real estate coach sets you on the right path to success. You gain substantial knowledge from their experience, and through their training, you are able to focus on a single goal at a time, which is critical to success.

They can also notice mistakes you’ve overlooked and guide you on what to do instead. It’s like they’re an instructor, gripping your hand and telling you exactly what to carry out. With that type of help, your possibilities of success increase significantly.

The Only Real Estate Mentoring Program I Recommend

You’ll find numerous real estate coaching programs online, all with similar claims of helping you become a six-figure realtor in as little time as feasible.

Every one of these programs are obviously expensive, so selecting the right one is of vital importance. Select the wrong one and you’ll likely wind up regretting losing time and cash you can’t ever get back.

I’m a successful realtor, and I got my training from my mentor, Phil Pustejovsky. Phil Pustejovsky owns the Freedom Mentor coaching program – a program that shows you the ropes on how to accomplish financial freedom in real estate. Here are some Freedom Mentor reviews to help you guage the effectiveness of the program.

The Freedom Mentor coaching program is not really a program you can simply buy whenever you wish. You need to apply initially, and you’ll only be accepted to the program if your request is accepted.

The actual fact that Phil Pustejovsky screens applicants goes to show how much he wishes you to be successful. He’ll only take coachable, action-oriented, and positive thinking applicants.

Phil was once an amateur as well. He started from an all-time low and only began to achieve success right after he met his mentor, Tom.

Ever since, he has been able to finalize tens of millions of dollars worth of deals while netting millions of dollars in proceeds during the process.

If you believe Phil’s knowledge will have a positive effect on your real estate venture, then you need to give special attention to the following paragraphs as I talk about his Freedom Mentor program in more detail.

Why Freedom Mentor?

By subscribing to the Freedom Mentor coaching program, you’ll gain access to premium tools and resources to assist you finalize your first real estate deal.

These include access to a lender list, an instruction/lead-generating program to help you get deals quicker, and a customized investing strategy.

That’s not all, though. You’ll also get 3 real-time coaching calls every month with Freedom Mentor’s instructors, 2 conference calls weekly, and the capability to ask questions as well as immediately receive responses from the mentors by means of an instant messaging platform.

There are a couple of really good features of the mentoring program which allow it stand apart from the competitors. The first feature is the array of experienced mentors and coaches it includes.

You won’t have access to just Phil Pustejovsky’s mentoring as soon as you become a member. Freedom Mentor is composed of a team of mentors and coaches directly taught and mentored by Phil.

Such are the coaches you’ll be getting help from. You’ll have access to a consolidated pool of knowledge and experience from some of the best coaches in the industry.

The second attribute that makes this program so remarkably good at assisting ambitious realtors gain success is its 50/50 split.

This essentially implies Phil shares all of his priceless real estate tricks with you, and you share 50% of the profits from your first couple of deals with him.

When you’ve closed your first couple of deals, you may then proceed to become an independent real estate investor, equipped with all the insights you’ve obtained from the mentorship program.

If you possess a talent for teaching or coaching, you could even establish your very own mentoring program and teach your apprentices the actions required for success just like Phil does.

A few of Phil’s past apprentices are presently running their own mentoring programs after becoming successful real estate investors.

Note: I know the program offering adjustments every now and then as they continue to fine-tune it and improve it. However, this is up to date as of this writing.

Summary – Action Takers Desired

The Freedom Mentor coaching program is geared towards folks who are 100% committed to becoming successful real estate investors. If you aren’t prepared to handle real estate investing just like a business, this program may not be for you.

The tools, resources, and mentoring offered in the program are more than enough to set you on the best path to financial freedom.

Since you’re splitting your first few profits with Phil, it is really in his benefit to help you succeed, and you have as much determination to accomplish just that. It’s a jointly advantageous agreement, therefore you almost can’t fail if you invest the energy and time to make this work.

Generally, the Freedom Mentor program is the most effective way to get started in real estate investing. You’re receiving all the support you need from a veteran in the field. There’s truly nothing else you need to have to make your real estate dreams come true.

Before You Agree To Buy A Home, Consider The Following

Buying a house is supposed to be a fun and exciting time. Unfortunately, because of all that excitement, we can be blindsided at times and purchase something that isn’t worth our money. Yes, some properties seem to just call to us, but if they have certain issues, you should still walk away. Let’s take a look at a few of these red flags.

Always look through the neighborhood. Are there many homes for sale and many boarded up shops? Make sure that you speak to some of the residents and ask about what the community is like. Look at the land as well. Foundations could be damaged by rain water if the yard slopes downwards to the property. If you notice any bad smells, there is generally something amiss. Look into whether there are pests. Ask community members of this, as everybody always knows when someone else has pests.

You are now ready to see whether the property was looked after properly. Check the property for maintenance as well. If it looks run down from the outside, it is likely that the inside isn’t in a much better condition either. Make sure to inspect the wiring. Real issues can only be identified by a qualified professional, but you can get a good idea yourself. Flickering lights and hot outlets are major red flags. Check whether it looks like some of the walls have been repainted recently, which could be a sign of them trying to hide something. Next, look closely at the windows. If there are signs of condensation or windows don’t open properly, it could be a sign of serious damage that will cost you a lot to repair.Naturally, never view a property that you are not allowed to see in full. Additionally, if you notice that any structural work has been done, such as the removal of walls or floors, you need to find out whether that work was done properly by a qualified architect.

The reality is that you are the only one who can decide whether or not to buy a property. Additionally, if you find that there are certain problems, you could use this as a negotiating point to drive the price down. You do have to ask yourself whether that bargain is worth the potential financial hassle you are putting yourself through. A home is a place where someone, either you or a tenant, will have to live and this means it does have to be an enjoyable property to seem extent. Naturally, you do also have to look at the property itself, but the importance of looking into the neighborhood cannot be denied either. In terms of the condition of the property, you can simply ask a property inspector to come and check it out, after all. This is different than a neighborhood inspection, which really requires a personal opinion and feel, something that only you can do and decide upon.

Always Buy New Over Old! Here Are The Many Reasons That You Should Buy a New Home Rather Than An Older One

New homes feature newer and better materials, built-in appliances, high-speed data access, more wiring for all those electronics, and goodies like whirlpool tubs, and easy-to-clean plastic tub enclosures.

Many new homes come equipped with hard-wired smoke detectors on every level, complete with battery back up should the power go out. Fires are diminished due to the lack of need for space heaters and because of more efficient central heating systems and better insulation.

Electrical power systems in new homes are properly sized for the heavier electrical demands of today’s homes, and wiring systems are less likely to cause fires. Circuit breakers have replaced fuse boxes, which can be overloaded by using the wrong-size fuse. Ground fault interrupters for bathrooms, kitchens, and outside receptacles reduce the chance of fire and electrocution. Today’s glass in tub enclosures and patio doors in new homes must be tempered so that it will crumble if broken instead of shattering into large jagged pieces that can seriously injure people.

The building industry has responded to the health risks of certain products by building with products and systems that make new homes better for your health. Asbestos, which can increase the risk of respiratory disease, has been eliminated from shingles, pipe, cement board, roof tar, floor tiles, ceiling tiles, and insulation. Lead, a potential poison, is no longer used as an ingredient in paint or as solder for plumbing.

Formaldehyde emissions from particle board and hardwood plywood have been greatly reduced in new homes. And urea-formaldehyde finishes on most kitchen cabinets are now baked or cured to minimize emissions. Builders are now installing systems to control radon gas where it is a problem. Older homes frequently have no gravel in which to collect the gas, no polyethylene film to retard movement of the gas through the slab, and no vent pipes. Mitigating radon from an existing home is generally far more expensive than building radon prevention techniques into a new home.

Because of better windows, more efficient heating and cooling equipment, better control of air infiltration, and greater use of insulation, new homes consume half as much energy as older homes. Older homes tend to be drafty and less comfortable, and frost and condensation are more likely to appear on windows, drip down, and cause deterioration of wood trim and walls.

Another great point, is that new homes require less maintenance. New homes are available with siding, windows, and trim that never need painting. Wood decks are typically made of pressure-treated lumber resistant to rot and insects. Pressure-treated wood also is used where wood comes in contact with concrete.

Ultimately, buyers’ decisions will come down to what they want to spend on a home and improvements, access to work and services, and community amenities. In a new neighborhood, where everything is new and shiny, a lot of selling isn’t needed.

Here’s a great article on New Homes vs. Old Homes – Which Is Right for You?

What Do Millennials Want These Days? How To Make Your Home Appeal To The Young Professionals Who Are Taking Over The Market

What do millennials want in a home these days? 

Young professionals want to buy homes that don’t need work, and are ready to move in, as-is. The most notable requirement that has been observed by this age group is that they have certain ”must-have” requirements on their lists. This generally includes a home with brand new kitchen and bath fixtures. The reasoning for his is that they have limited budgets. Most of their savings will go toward the down payment and furnishings. Kitchens and bathrooms are also the most expensive parts of a home to update, and they usually can’t afford to fix, or update. Here are the main requirements young professionals look for in a home:

An open kitchen space that can easily transition from kitchen to TV room has become extremely important. Young buyers are very attracted to open floor plans over compartmentalized rooms. More and more Americans are starting to work from home, and that trend is expected to continue. This is why offices are so important to young professionals.

Younger buyers have learned that certain locations have higher utility prices than others. Because so many of them have learned through renting, they want homes that are low on costs, and want properties that are close to public transportation. Most young buyers look for homes that are low-maintenance features. This includes wanting wood floors over carpet, and granite countertops in the kitchen and bathrooms. These are sought after because they obviously, are more attractive, but also because they stain less easily, so they don’t require replacing.
Buyers want to hear about cell service and Internet, not cable and telephone. In some cases, a house’s appeal can be increased or diminished because of the strength of a mobile carrier’s signal or its Internet service provider options. While cellphone and Internet services are out of the seller’s hands, sellers should expect their agent to be prepared to field questions on that front.

With energy costs on the rise and growing interest in protecting the environment, young buyers are conscious of buying homes that are green. And actually, these days, it is not just young buyers that are looking for energy-efficient homes. It really is everyone. Buyers factor non energy efficient costs into the consideration of the home. This is because buyers will often factor

Young buyers tend to get caught in a trap when gauging the affordability of condos or town homes. The asking price often fits their limited budgets, but HOA dues and the possibility of large assessments can sink the purchase. When it comes to condo buildings, younger buyers are looking for properties with no special assessments. They want to maximize their monthly housing budget by finding a property with low monthly assessments.

Younger buyers start their searches online. The home must have professional photography that shows the home in its best light, or they will move on before ever stepping foot in the door. While younger buyers look to the internet first and foremost when searching for a home, realtors are the second most common resource for finding a home. See: Why You Shouldn’t Spend Your Maximum Budget on a House

There Are Many Reasons You Should Have Your House Inspected Prior To Selling; Here Are A Few You Won’t Want To Miss Out On

Ordinarily, a serious buyer would pay to have a home formally inspected. The goal is to uncover any potential problems before signing on the dotted line, while there’s still time to negotiate. But sometimes, sellers will have their homes inspected before they even put them on the market. Here are three reasons why a pre-inspection may be a good idea.

A pre-inspection is a goodwill gesture. It demonstrates a willingness to go beyond what’s expected, and that sets you apart from other sellers. You’re sending a signal that your house is not hiding any concealed damage and that you’re being upfront about the property. All of this can give potential buyers peace of mind and confidence.

A pre-inspection gives you a heads-up if there are problems that a potential buyer will likely want repaired. Once you know what’s wrong, you can have those issues fixed before you list. The cleaner and more problem-free you can make your home, the faster it’s likely to sell.

Because a pre-inspection lets buyers know what they’re getting from the beginning, they can factor any needed repairs into an offer. And by disclosing all known issues upfront, you’re protecting yourself against claims the buyer might make later, which sometimes result in lawsuits.

On the other hand, let’s say you don’t have a pre-inspection. During escrow, the buyer’s inspector discovers problems you didn’t know about. You can be sure the buyer will try to negotiate a lower price, which will cost you money and can delay the sale. The buyer might even cancel the contract.

Assuming you’re not trying to sell a fixer-upper, a pre-inspection can shine a spotlight on your home’s selling points, such as any electrical upgrades you might have had made.

If you’re trying to get rid of a home that basically is going to be sold “as-is”, there’s no point in paying for a pre-inspection. But if you’ve maintained your home and want to sell it as quickly, and as profitably, as possible, a pre-inspection is almost always a good idea.

Here’s a great article by NOLO on why you should Arrange a Professional Inspection Before You Sell Your Home.