Real Estate Dorota Dyman & Associates Blog: Five Tips for Anyone Wanting to become a Real Estate

Five Tips for Anyone Wanting
to become a Real Estate
Investor
Real Estate Dorota Dyman
& Associates Blog

Real Estate Dorota Dyman & Associates Blog
Flipping houses in the Temecula/Murrieta Valley and across the Inland
Empire has been a lucrative venture for investors for many years. Many
think it is a quick way to a fast buck. Many have tried and many have
failed. Flipping houses is serious business and should not be taken lightly
by the novice real estate investor. Before you begin down this path,
prepare yourself. Here are five quick tips to help you understand what
you’re in for, before you actually start investing your money.
1. You need to know that it’s work.
You need to work with a good local REALTOR® who understands the local
market. A local REALTOR® can not only help locate profitable homes
through the Multiple Listing Service (MLS) but will be able to lead you to
other lesser known resources as well. When it’s time to sell the home your
REALTOR® will know the market and help you achieve the greatest price
for your fix and flip home for sale.

Real Estate Dorota Dyman & Associates Blog
2. If you are buying low, you’ll need to spend more.
The whole concept of discounted homes for sale is that they need
repairs and upgrades. There is no reason for someone to sell a turnkey,
state-of-the-art home for a discounted price. It takes time and money
to get a home ready to flip and generate the largest possible profit.
Contractors are an important part of your team, so start lining them up
now. Yes, you should be able to do some work yourself, but
understand that time is money – how much time do you have to invest
in the project? The quicker it sells, the quicker you get paid and the
money you have tied up is free again.

Real Estate Dorota Dyman & Associates Blog
3. The kitchen makes the sale.
The one room that swings more sales is the kitchen. Here in the
Temecula/Murrieta Valley, kitchens should have recessed lighting, solid
surface countertops and high-end matching appliances if you want to
capture the ‘wow’ factor. Upgraded cabinets, a full backsplash, underthe-counter
lights and tile/hardwood floors all do their part in closing a
deal.
4. Garage doors are part of curb appeal.
There’s nothing worse than selling an upgraded home, beautifully
landscaped with a nasty old wooden garage door (just as bad is a
dented, metal roll-up). People do judge books by their covers and
houses by their curb appeal. The garage door is the first thing anyone
sees, so make sure it’s memorable. First impressions count.

Real Estate Dorota Dyman & Associates Blog
5. In landscaping, less is more.
When a potential buyer is considering purchasing a new
Temecula/Murrieta home, they want it to look nice. What they don’t
want is a lot of high-maintenance landscape, no matter how stunning.
Remember your audience, most home buyers in our Valley are working
families who don’t have all week to tend to the grounds nor do they
want to spend all weekend doing it either. Keep your landscape clean
and simple and don’t forget the back and side yards, too.
If you are considering getting into the real estate investment business,
either as a part-time venture or your life’s work, know what you are
getting yourself into. Follow these simple suggestions and you’ll be
making your first trip to the bank from escrow in no time.

Real Estate Dorota Dyman & Associates Blog
Call us today and get the information you need to make the right
decision. The info is free, call now! (951) 296-8887.
Questions regarding available inventory and/or other real estate
matters please contact me, Mike@GoTakeAction.com. Mike Mason,
Broker/Owner of MASON Real Estate Cal. BRE: 01483044, Board of
Director of your Southwest Riverside County Association of Realtors®
(SRCAR), Traveling State Director, California Association of Realtors®
(C.A.R.).
Check my Source:
http://www.myvalleynews.com/story/76277/