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6 Steps to Check a Potential Renter’s Rental History (2019 Update)

Are you a real estate investor who offers rental properties of some kind or another? Maybe you have retail or commercial properties and work directly with renters whenever a vacancy occurs. Perhaps you own apartments or single family homes and you need to work with your potential renters in order to keep the properties full. Either way, there is one step that you must take, but which can become a make or break issue.

What is it? A renter’s past rental history. Without it, you run the risk of major issues that could range from non-payment to property damage. You also run the risk of alienating or losing other renters if you allow a less savory renter into the building and they proceed to break rules or make everyone around them unhappy. The easiest way to dodge this issue is to just run the most thorough rental histories possible, and it is not always as simple as a credit report.

Let’s look at the six steps to check any potential rental’s rental history and background.

  1. Willingness – How would you feel about phoning various landlords and references? If you are unwilling to make these calls, you are setting yourself up for trouble. You have the right to make these calls and you owe it to yourself and existing tenants to follow through on each reference or landlord listed.
  2. Unwilling applicants – What should you do if you run against an unwilling applicant who refuses to supply references? The only reason this is acceptable is if someone is a first-time renter. Even then, personal references are a perfectly acceptable request. What should you do if you get bad feedback? Assess it! Feel out the person offering the details. Did they just have a personal dislike for the renter(s)? Did they take offense from complaints or maintenance demands? Never take negative or positive comments at face value. Instead, take the time to discuss them and flesh them out a bit.
  3. Obtain consent – Be sure written consent is granted to dig around in any renter’s history. In some places this is a legal obligation, but whether written consent is required, it is best to get key details and written permission to ask about their previous behaviors as a renter.
  4. Have pointed questions – Never “wing it” when questioning previous landlords. Instead, create a formal questionnaire that you keep on hand during the conversation. Make notes about points of concern. Verify all of the facts an applicant has given, and then find out about their behavior where rent was concerned. What about their notice of vacating the premises? What sort of condition did they return the property? Were any legal matters required to get them out? If you discover lies, be sure you are getting facts from the former landlord and then determine if you should pass on an applicant based on any half-truths or lies.
  5. Have a script – Don’t just have the questions in front of you. Instead, follow a polite script that allows you to explain who you are, why you are calling and asking if they are willing to answer the questions you present. If they cannot, ask if you can fax them or if someone in management will speak with you.
  6. Use calls to network – This may sound like an offhand step in clearing potential renters, but it is a great way to get leads on future properties you might add to your assets or holdings. For example, while speaking with a landlord, it is entirely acceptable to ask them about their property, other properties they own and if they are actively investing. You may learn they are eager to sell or know of other landlords doing so.

It is not rocket science to check up on potential renters. The key is to actually do it, and in a way that is super productive. These six steps ensure you get accurate information and increase your chances for leads on investment real estate in the area at the same time! If you are a real estate investor curious about leads in your area, you don’t have to wait to find them. Get in touch with real estate investment clubs and hear what they have available.

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5 Crucial Questions that Ensure Real Estate Marketing Success (2019 Update)

Real estate investing is one of the most popular ways for modern investors to grow wealth and secure financially stable futures. Yet, not a lot of investors are quite sure where to turn when it is time for them to enter this lucrative market. There are floods of information available, and not much of it is very clear or even targeted. If you are a real estate investor eager to effectively market your real estate investing options to others, we have five questions you must pose to yourself in order to develop the kinds of messages and campaigns that lead to success.

Note the Niche

The first of the five questions has to relate to the niche. For instance, asking yourself something like, “what kinds of investments do I make available?” or “what real estate niche do I emphasize?” will let you begin to formulate the strongest message. After all, you cannot properly convey your plans, passions or emphasis if you cannot actually explain it.

Some examples of answers might be, “I’m into flippable properties” or “I am a passive investor). These are two very unique niches, and would clearly be marketed in different ways based on their audiences. Speaking of audiences…

Know the Market

The second question to pose to yourself relates to your actual audience. In other words, “Who do you market to?” Now, before you say something like “anyone who is interested”, think again. The business that sells to everyone is the business that usually ends up selling to no one. Instead, get as specific as you possibly can. For example, let’s say your real estate investing emphasizes commercial properties. What sort of commercial properties? What kinds of clients would be interested? The more detail you can flesh out here, the better your marketing because you can write language that really speaks to them directly, choose images that would appeal most and so on.

Know the Goals

The third question touches on the whole point of the marketing – it is not just to get clients, but much more. For instance, what sort of “problem” do you solve for your potential clients? What do you need from them? You may be creating marketing for a specific investment, if you are using general terms and not explaining what you need viewers to do (using a “call to action”), the message is lost.

Know Your Solutions

Above, we touched on one issue that many marketers overlook, and it is the issue of solving a problem. You have to look at your real estate investing options as solving that problem. For instance, do you provide turnkey only properties to investors who cannot handle property management on their own? Do you steer higher capitalized investors towards bigger opportunities? Essentially, with the fourth issue you are solving their question of “how do I secure a better financial future?” How do you answer that?

Know Networking

The fifth question is about connections and networking. Ask yourself “who are the most valuable recipients of my message?” If you know all of the factors above, you will know how to best network your marketing messages. As a simple illustration of that, let’s say that your marketing was simply to raise awareness of a new real estate investment option you are making available, but which is not ready for investors. You would know to network this exclusively to those who have expressed interest in such options or who have already invested in similar areas.

If you are a real estate investor struggling to spread the word about your investment options, there are alternatives. You may want to contact an investment club that exists to work with people like yourself. They can sit down with you and assess your properties, and then direct marketing messages to those already looking for your kinds of assets. If you find marketing too complex, don’t give up on investing, but instead turn to resources like real estate investing clubs.

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8 High Yield Improvements for Your Investment Property (2019 Update)

Did you know that home ownership, across the board, is on the decline? Did you also know that this trend is expected to continue as far as 2025? If you are already a rental property owner you are probably positioned to take in great returns on your assets. If you are just now considering investing in properties to offer as rentals, be sure you do the research and make your purchases now.

Whether you are an existing property owner or soon to be landlord, you will want to be able to ask the most for each of the properties you own. This can be more difficult than it seems, but we have eight very high yield improvements for your investment properties that will keep renters interested while earning you great returns.

Naturally, most home and property owners have already discovered that you get the best returns on investment when you update rooms like the bathrooms and kitchen. This is such a widely known truth that many forget the rest of the property. Let’s take into consideration the entire rental, and uncover eight great ways to improve the property.

  • Luxury shower heads – If hotels and luxury villas boast of their rain shower heads, why can’t you enhance the value of each bath in your investment properties with this same fixture? A rain shower head is not great where water conservation is concerned, but you can also install heads that transition from rain shower to regular or even multiple heads that allow a “standard” shower, or with just a turn of a knob, the rain shower. While we’re on fixtures…
  • Updated bathroom fixtures – It is not only the shower head that adds value to the bathroom. If you get rid of the small, outdated, or unattractive fixtures in the baths and replace them with more modern, streamlined and well proportioned models, you automatically boost the wow factor of the space.
  • Functional kitchens – Strolling through IKEA should prove to you that people love multi-purpose and highly functional cabinets and spaces. Nowhere is this truer than the kitchen. Automatically boost the value of your kitchen by filling it with space saving options. One popular choice is the cabinet designed to hid the microwave (keeping it off the counter at the same time). You should also consider pantry styled shelves and all of those clever storage solutions.
  • Update the counters – Laminate countertops are old school. Today, renters want to see quality and one way this is instantly expressed is with solid countertops such as wood, stone, granite or even concrete. Go ultra modern and do stainless wrapped if solid doesn’t work.
  • Flooring – If you want to see an instant boost in the value and appeal of a property simply replace carpeting and vinyl flooring with wood floors. Easy to clean and maintain, it has none of the headaches of carpeting, none of the smells and looks so much better.
  • Windows – Here too, most of us know that new windows boost value. Don’t go only with more energy efficient models, though. Also consider adding new windows in darker rooms or even using skylights to bring a lot more natural light into the living spaces. Real estate agents stage properties for sale by flooding them with natural light, and you’ll want to keep that in mind when improving rentals.
  • Fencing – The saying about better neighbors and good fences is true, but you will increase the value of a property with fencing because it also promises security and privacy. If renters have kids or pets, a fence brings peace of mind, and if chosen properly it adds a lot of curb appeal and good looks.
  • Outdoor entertaining – Does the property have a patio? Does it have space for one? Simply laying a stone or concrete patio, putting up an awning and supplying a space for a garden can boost the appeal and value of any rental.

See how easy it can be to enhance the appeal of your investment properties? Why not pick one of these tips and see the results for yourself.

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6 Facets of Real Estate Investing You Must Understand Before Getting Started (2019 Update)

Whether the idea of real estate investing is new to you, or something you’ve been considering for a while, it is important that you have a good grasp on the basics before you begin. However, it is altogether too easy to get bogged down in the educational process, then the research process, and in that time you may have lost out on some great opportunities.

Rather than let you struggle to get started, we are going to look at six facets of real estate investing that you must understand before you begin. These are what you should consider the essentials and they will allow you to have a speaking familiarity with it, but not so much information that you suddenly become overwhelmed and eager to toss in the towel.

  1. Financial terminology – As a major area of investment, real estate investing has a long list of unique terms and vocabulary. Most of it is associated with numbers and figures. For example, do you know what cash flow means in relation to real estate investing? What about ARV? Along with those two terms, you need to give yourself time to learn what appreciation means, monthly income and expenses, cap rate, returns, HOA, net income, and cash on cash return, as your minimum operational vocab.
  2. How to do it – Not quite an investing strategy but just a working understanding of the ways you can accomplish real estate investments. Look at the various approaches, how much they can bring in returns, what they require in output, and if they work with your goals or capabilities. In other words, consider the various routes in real estate investing and choose the right routes for you.
  3. Make or break – Once you understand how it is done, you need to learn what it takes to make successful investments and what steps each type of investment requires. In other words, take the time to find answers to questions like “what does a successful investment in this type of real estate look like, and what does a disastrous investment of this type look like?”
  4. Pulse of the market – Did you know that some areas are ripe for rental investments while others are all about commercial real estate investing? Take the pulse of the markets you are considering and then move on that information in the most appropriate ways.
  5. Risk assessment – It would be a lie to say that real estate investing is risk free. There is no such thing as any sort of risk free investments. The amount of risk you are comfortable assuming is entirely up to you. The point is to never go into a deal blind to the kinds of risks it could pose. As an example, a hospital based REIT recently took a hit in share prices when one of its assets reported liquidity issues. Would your investment returns be based on such issues? Know the landscape before entering into it.
  6. Getting out – Though most advise holding real estate for long rather than short terms, you should always have a low-loss escape plan or exit strategy. It is also part of basic investing to have an end game in mind (sell, hold, etc.). What sort of plans do you have for your real estate holdings? For instance, a big blunder made by first time “flippers” is to have no “plan b” for the property remaining unsold or for other issues to occur.

As you might realize, these are simple things to learn and understand, they are also quite easy to employ as you get started with real estate investing. Take the time to learn the basic terms, understand just how it works, learn how to gauge good from bad properties and markets, find out where to invest in any specific category, uncover risks and have plans for the end of the story as well as the initial investment. When you do this, you will never make a bad deal or decision.

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10 Habits of Successful and Effective Real Estate Investors (2019 Update)

No real estate investor intentionally sets out to be mediocre. No one wakes up and says, “You know, I really just think I’m not going to try today”. However, the fact remains that some real estate investors are much more successful than others. How does that happen? It really comes down to having the right habits, and being able to act on knowledge of the real estate market. What are the habits of the most successful real estate investors? Let’s take a quick look.

Investment Plan

Highly successful real estate investors always have a plan. They never fly by the seat of their pants. They realize that being unprepared in this industry is the same thing as being uninformed. You’ll need to have a plan that details how you’ll reach your short-term goals, as well as your long-term goals. Of course, that means you need to identify what those goals are before you start investing.

Market Knowledge

The most successful real estate investors have in-depth knowledge of the real estate markets in which they invest. While they might be active in more than one market, they take the time needed before getting into the market to understand the various drivers of the underlying economy, the shifts in the real estate industry and more. You cannot afford to invest in real estate if you’re unwilling to take the time to build that same level of knowledge yourself.

Honesty and Integrity

There’s no codified set of ethics that real estate investors must adhere to, but that doesn’t change the fact that the most successful investors are honest and act ethically. They’re upfront and take care of their reputation. They understand that a reputation for lacking integrity, dishonesty or unethical actions and decisions can cripple their efforts.

They Specialize

It’s tempting to think that most successful real estate investors are all over the board. It’s true that some of them are, but you’ll find most of the really successful ones specialize in a particular area. This allows them to build very deep knowledge about the area and then exploit that knowledge to make savvy investments that really perform over their preferred timeline. Think of this as apprenticeship training – you master one area, and then move on to another, eventually mastering most or even all areas.


While you might think that real estate investing is about money, or real property, it’s actually about people. The most successful investors understand this intrinsically, and treat everyone with respect, from renters to business partners. They also understand that being respectful is the best way to gain referrals, which are responsible for a large percentage of their financial success.

They’re In the Know

The notion that you’re done with education when you get out of school needs to be eliminated. The most successful real estate investors are committed lifelong learners, and are willing to stay in the know about pretty much anything that will affect their markets, their investments or the real estate industry itself as a whole. This refers to everything from laws and regulations to shifts in political power to buying and selling trends for individual neighborhoods.

Knowledge of the Risks

While real estate investing doesn’t carry the same risks as playing the stock market, there are risks involved. Savvy investors not only understand those risks, but also know their own risk tolerance and tailor their investments toward those elements.

They Don’t Go It Alone

No investor is an island, and the most successful of them build a team to support their efforts. This includes a professional, reputable accountant who can help them handle the sometimes very complex taxation matters that go hand in hand with real estate. They also network with others, develop contacts with attorneys, form relationships with mentors and business partners, and more.

Now that you know more about the habits of the most successful real estate investors, you can begin to make progress toward securing your own financial future.

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7 Tips on How to Grow Your Real Estate Portfolio (2019 Update)

Looking for a way to ensure your retirement is comfortable? Interested in building a portfolio of real estate that ensures you always have a constant stream of income? Buying the right types of properties, and following a few simple tips, will help ensure that you’re able to grow that portfolio and safeguard yourself against the vagaries of the economy over time. The tips below will help ensure you’re able to make smart decisions about your real estate investments.

Do You Have Positive Cash Flow?

One of the most important tips here is to make sure that you actually have positive cash flow. You shouldn’t have to rob Peter to pay Paul, so make sure that you’re in a stable position with any other properties owned before you move on to purchasing another property. Maximize the income potential for the properties you hold currently before you expand your portfolio, or you could miss out on important financial gains, or overextend yourself.

Check the Math

The numbers need to make sense in any real estate transaction. If you’ve been investing for more than a little while, you’re aware of how quickly things can change, and you understand the types of challenges most likely to crop up during this period. It’s fine to run hypothetical numbers here, but they should only be used for general forecasting. You need accurate math to make real decisions.


How will you manage the new property in addition to the other properties in your portfolio? If you have a management team in place, this will likely not be a problem, but if you don’t yet have a team (you’re a new investor), you need to have a plan in place for managing all aspects of the property you’re purchasing.

Diversification Matters

This is probably one of the most important rules of investing, and it applies to real estate just as much as it does to anything else – diversify. Look for a mix of different property types. Don’t put all of your money into large, multi-family developments, or all of it into residential real estate. The right mix will help improve the value of your portfolio, but more importantly, will help provide protection in the face of market fluctuations.

It Makes Sense for You

Avoid the trap of buying a property simply because you like it, or because “it’s a great deal”. Sure, you might be able to get a particular piece of real estate for less than it is worth, but does that make sense for you? Does it offer specific value to your investing plan? Is it logical? Buying for the sake of buying is a trap that you need to avoid, as it just ties up your capital, possibly without a corresponding return on your investment.

You Have a Cushion

Never invest in any real estate if you’re not going to have a cushion left over. If the purchase of one property will leave you without liquid capital, forcing you to rely on the income generated by other properties for your living expenses, it might be wiser to hold off.

Use Leverage Wisely

The ability to purchase real estate with debt (or leverage) is a powerful incentive to get into the game, but it can be a two-edged sword. Leverage can be a valuable tool, but you need to ensure that you’re using it correctly. If not, do not use it at all.

Growing your real estate portfolio doesn’t need to be complicated, or fraught with pitfalls. Follow these simple tips and maximize your growth while safeguarding yourself from potential problems.

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Real Estate Investors Pay Close Attention: 9 Crucial Considerations You Need to Make (2019 Update)

Have you already gotten into real estate investing? If so, it’s time to refocus on your goals, clarify your vision and double down on planning for the future. Whether you own one property or many, the following considerations are absolutely crucial and should be taken into account immediately.

1. Where Do You Stand?

One of the most important things you need to do, and perhaps the first step to consider, is evaluating where you stand right now. What do your numbers say? Chances are good that no major changes have slipped past your notice, but it’s likely that there have been small changes that may have gone unnoticed, and those can add up to major problems if you don’t spot them now. Where can you cut costs? Where can you make better decisions with your money?

2. What’s Changed?

Change is a constant in the real estate industry, whether it moves quickly or slowly. It’s important to take stock of your area and see what has changed. What neighborhoods are hot now? Which are less so? How have these changes affected your investments? How will those changes affect your plans moving forward, and how can you take advantage of those trends to ensure that you benefit from them?

3. Clarify Your Targets

It’s impossible to move forward with your investing efforts if you lack clear, defined targets. You also need clearly described tasks or steps that lead you from target to target. Your goals should be measurable and attainable, and you should be able to track your progress toward those goals through individual, manageable milestones. Ideally, smaller goals should dovetail with larger ones, creating a path toward success for the long term.

4. Plan for Adjustments to Improve Performance

If you own multiple rental properties, you know just how costly maintenance, and even just utility bills can be. There are many ways that you can offset those costs by planning for adjustments now. For instance, does one of your properties have an outdated HVAC system? Perhaps it uses lots of water, or maybe the appliances are old and not energy efficient. These are all examples of where you can spend a little bit of money now and reap the benefits for a long time afterward. Adjustments now save you time, money and headaches down the road, but can also foster savings.

5. Cut the Deadwood

Every investor will encounter this at some point – something’s just not working the way it was supposed to. Take stock of your situation now. Identify what isn’t working and then determine why it isn’t working. Based on that analysis, you can determine whether it’s something that can be fixed, or if you need to cut the deadwood and move on. You can bring this to bear on pretty much everything in your process – identify elements that can be streamlined or changed to make everything as efficient as possible. Whether you’re considering changing property management firms, or dumping a particular investment property that consistently underperforms, now is the time to make those adjustments.

6. What Went Right?

There’s a lot of focus on what goes wrong with your process, but you also need to identify what went right. Whether you paid less for maintenance, or one of your properties performed very well, it’s a cause to celebrate.

7. Winterize/Summer-Proof

Winter and summer are particularly challenging for property owners and investors. Get ahead of the game by winterizing or summer-proofing your properties before extreme weather hits.

8. What’s Changing?

Ready to make some upgrades to your properties? Is it finally time for that long awaited renovation? Plan those now. Determine how you’ll pull them off, when they’ll be accomplished and then get the ball rolling.

9. Learn

Chances are good that you’ve made a couple of missteps in the last few months. It’s important to see those for what they are – lessons to be learned. Learn from them, and then move on.

With these considerations, you can move forward confidently, manage your properties and reap the rewards of your savvy investments.

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Different Ways to Maximize Investing Efforts While Working a Full-Time Job (2019 Update)

You may have reading about real estate investing and dreaming of rolling up your sleeves and getting started on all of those hot properties in the Plano or North Dallas areas. After all, you read that Dallas and surrounding areas like University Park, Southlake and Frisco are all considered some of the best investments for 2017.

Then, just as soon as visions of burgeoning wealth appear, the dream fades and your reality comes crowding in…the full-time job with its commute, the household responsibilities, and maybe even the pressures of family life. Just where, you ask yourself, will I get the time to do any of the work needed to be a success at real estate investing?

Fortunately, we have nine ways you can actually optimize even the smallest investment efforts and all while keeping your proverbial day job.

Use the commute

Most of us drive for a short or even very long period of time as we make our way to work. If you are a commuter on a bus or train, that time can still count towards your shift from full-time worker to liberated real estate investor. How? Simple – use that time to begin learning by listening. Sign up for podcasts, buy books on tape and start using every moment of typical “down time” or frustrating commuting into a beneficial and empowering experience.

Use technology

With the many different technologies that you can access from a phone or mobile device, there is no reason that you cannot easily conduct business during breaks, or throughout the day. Whether it is through the use of VoIP services, mass emailing services, real estate apps, and website technologies, you can put technology to use and still keep up to pace with the 9-5.


If you already have the wheels turning on your business, it can be amazingly empowering to have a VA or virtual assistant. Often costing substantially less than a traditional assistant, a VA can do everything from real-time phone calls, project management, screening sellers or buyers and more. You can even customize training for them and assign them a diversity of very specialized tasks from website management to social media work.


Modern tech makes it easier than ever to get marketing and advertising up and running in a matter of moments. However, real estate investors often have the need for physical advertising, such as direct mailings. You don’t have the time to stuff hundreds of envelopes, but online resources can do it for you. They can create postcards, mailers and more, and even arrange for physical delivery of marketing materials to targeted recipients.

Skip breaks and lunches

If you really want to commit to success, forgo your daily lunch and coffee breaks and use them as time in the “field”. Book anything from showings or visits with sellers to other professional appointments. Few will require more than twenty to thirty minutes, and then you can be back at the grindstone!


Outsourcing small tasks to freelance professionals is a major time-saver and allows you to get tasks done at a very affordable cost. For example, a bookkeeper can do everything you need in order to keep things on target, and all you have to do is request a report in order to see expenses, income, taxes and more.


In line with professionals, you will also want to consider a relationship with property management experts. Whether you are electing to invest in commercial or residential real estate in North Dallas or Plano, you can often find a way to afford the services of a property manager. They can even make your work “hands-free”, allowing you to pursue additional investments.


If you can, you may want to consider partnering with other real estate investors. They can even compensate for the experience you may not have (and vice versa). The two of you can divide the work, grow your investments and shorten the time until you go from full-time worker to full-time investor.


Lastly, contractors and repair experts are a must-have relationship. If you want to maximize your investments, begin them with a team of experts already lined up.

Time, money and energy are not limitless, but you need them to be a success. These tips can help you make the very most of your investing efforts.

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How Should You Make Money through Residential Real Estate (2019 Update)

When you hear the words “real estate investing”, you most likely automatically think about buying multi-family housing units, or perhaps office or retail space. While those are tried and true investment options that work for many people, there’s also the possibility to make money in residential real estate, as well. These options range from the conventional rental situation to other choices, and we’ll explain some of the most frequently used methods below.

Choose Your Method

There are quite a few options for making money in residential real estate, but two of the most common are flipping and renting. In one, you will buy a home, fix it up and upgrade it, and then sell it for more than you paid. In the other, you’ll buy a home, make any needed repairs or upgrades, and then rent it out while maintaining ownership. Both are viable options, but for an increasing number of real estate investors, the headaches involved with being a landlord mean that going the flipping route is a better choice. Only you can make this call, though.

There are other choices, as well. For instance, if you’re able to buy a home for a low enough price, you may not need to rehab it at all. Foreclosures are good examples of this sort of purchase. You might be able to increase the equity in the home and build your investment that way, or you could use leverage to increase your return.

Choosing Your Area

The next consideration is where you’ll be buying homes. For the sake of simplicity, the rest of this article will be focused on flipping homes. You will need to decide what nation you want to purchase your properties in – international residential real estate is a very good way to improve your financial outlook, although you’ll definitely need capital to get started.

Look for a solid, upward trending national economy. In a growing economy, real estate prices will rise, but if a recession were to hit, you can expect residential real estate prices to fall as sellers scramble to entice the few remaining buyers to their properties. You’ll also want to consider other elements, such as the gross domestic product of the nation (GDP), as this has a great impact on everything from the health of the real estate market to the average annual salary of that nation’s citizens.

Areas in the Nation

Once you’ve chosen the right nation, you’ll need to consider the local areas (cities) in which you want to buy properties. You definitely want a city with high growth (or even growth potential), and that means jobs, plus considering environmental factors. Finding local employment data for international locations can be problematic, but more industrialized nations often publish these statistics through a government agency (for the US, it would be the Bureau of Labor Statistics, for instance).

It’s not enough to just research a city and make a decision based on printed statistics. You need actual knowledge of the area. It’s ideal if you can live in the area for some time so you can get to know it firsthand. Failing this, you’ll need to work with management partners that help you make an informed decision.

Next up, you need to choose the area of the city in which to invest. This will depend on a several factors. City growth is definitely one of those, but so is risk tolerance. For instance, if a city is growing rapidly, it might be a wise decision to buy in the outlying suburbs to take advantage of the soon-to-be run for the hills by would-be suburbanites. However, there’s a lot of risk in that – what happens if growth slows and the migration from the city center doesn’t materialize? Your own risk tolerance will dictate where you buy.

There are many different options when it comes to making money in residential real estate, but there’s no one size fits all solution. Define your goals, how you’ll reach them, and know your risk tolerance. Build a plan based on that information.

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Real Estate Tips for Increasing the Sale Price of a Property (2019 Update)

Are you a real estate investor looking for a way to amp up the sale price of a property you have rehabbed? Maybe you have even been living in a property but are now ready to sell and enjoy the profits? Whether it is in North Dallas, Plano, Southlake, Keller or anywhere else in the area, there are some “tried and true” methods for easily boosting the sale price of a property.


This is an obvious tip, but one that many sellers skip. Staging is not an expensive or difficult tactic, and it begins with removing the non-essentials and de-cluttering. It is a solid way to depersonalize any space, and this is a great way of pricing a home at the best possible level. Why? It prevents potential buyers from seeing issues that don’t exist. They don’t like a wall color, the space feels small or dark, the house feels a bit grimy…these are all issues addressed with proper staging. Blinds are raised, lights turned on and windows opened for fresh air are just a few steps a good stager takes.

Think of this as a neutralizer that lets the potential buyers instantly visualize themselves in the various rooms and spaces, it is liberating and can boost their willingness to pay your asking price.

Curb It

Many new real estate investors looking to sell one of their first properties overlook the importance of the exterior spaces. While you may not have the budget to do a full landscaping job or new paint job, you can enhance curb appeal by creating the most favorable impression possible. Trim those bushes and shrubs, get the yard tidy and trimmed, add some potted plants and a door mat…such small details pay off. A special area of interest should be the walk from the driveway to the main entrance.

Give Attention to the Bathrooms and Kitchen

If you are going to sink any funds into a property, the kitchen and bathrooms are the places to do it. Most experts say that renovations to these spaces will instantly boost your sale price by at least 7% or more. That is even with just some minor cosmetic work and not major renovations. Go with neutral hues to appeal to the widest range of buyers, update light fixtures and recondition or replace cabinetry for the most cost effective changes. If you have more in the budget for new fixtures such as sinks, toilets and cabinets, you’ll get good returns.

Clean and Detail

Another way to enhance the perceived value of your property is to have it thoroughly and professionally cleaned. Be sure you choose a firm that has great attention to detail. A home or property perceived as dirty or grubby is unlikely to sell at your price, or at all. Not only does a professionally cleaned property have a great look and scent, but it will often boost your sale price by anywhere from three to five percent. Just by cleaning windows, shutting toilet lids, scrubbing tile and countertops and all of those other tasks, you can easily increase the sale price.

Consider Small Maintenance

Just like dentistry, if you ignore little issues, they get worse and end up costing you. As you are prepping any property for a quick and profitable sale, keep in mind that the small maintenance issues should be addressed too. For example, a potential buyer is always going to look for things like roof leaks or old stains on ceilings, gutters that need to be replaced or those front steps out of alignment. Just remediate them long before you begin showing and they become small expenses that don’t end up costing you the best sale.

There are so many things you might think necessary for getting the highest price possible, but these simple tips should help you enjoy the greatest prices on your real estate investments in the North Dallas area.