Is there money in real estate for people who don't own properties and are not agents?
Wed Mar 30, 2005 7:46 am
ezmoney New Member
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This thread
Exactly what were you thinking of doing??
Sat Apr 02, 2005 1:36 pm
Rolo Yo' Daddy
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Sure: REITs, Real Estate Investment Trust. It is a mutual fund that invests in real estate.
"Expect me when you see me."
Sat Apr 02, 2005 1:51 pm
bigp Member
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Re: Real estate
quote:Originally posted by Vistor Is there money in real estate for people who don't own properties and are not agents?
Yes there is. A great way to start out is to find deals for people and ask for a finder's fee. Do what is referred to as "bird-dogging" and smell out deals for people who don't have the time. Be creative. There are many ways to make things happen, but it requires time and the willingness to act.
I recently spoke to the head of a real estate investing club (which I recommend you attend). I asked him what percentage of his members are active real estate investors. He answered somewhere around 20%. The rest of the club's members (in the hundreds) were merely spectators. Most had spent hundreds of dollars on courses and books, but never took the leap.
Take time to see what's out there. Learn about your options. If you relly intend to do something, DO IT! If not, try not to waste too much of your time and money. Good luck to you! Feel free to ask any more advice, ar stop by for more investing info...
Thu May 19, 2005 6:38 am
NoMedicalLifeIns New Member
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Re: Real estate
quote:Originally posted by Vistor Is there money in real estate for people who don't own properties and are not agents?
Yes
Wed Sep 26, 2012 5:02 pm
rockymountain Contributing Member
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With home prices dropping and the real-estate market in disarray, real-estate agents are not the most popular professionals these days. As prices continue to slump, many homeowners are loath to pay an agent on a home sale that isn't likely to be profitable for them, no matter what the agent does. There's also a lot of contention about how much value a real-estate agent brings.
Thu Sep 27, 2012 11:15 am
martindevid5 New Member
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According to me, its better to find our the correct price of the property you wants to buy. Amount of investment is also considerable because if you invest huge amount then only you can earn more returns.
Thu Oct 04, 2012 10:46 am
JettJobson New Member
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Can a real estate broker and a lawyer start a real estate company together?
Fri Oct 12, 2012 11:58 am
trumankent Member
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As a real estate investor, you might be thinking that you do not need a commercial real estate management company.
Fri Oct 19, 2012 4:33 am
Baroncraig New Member
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Do Australian Real Estate Agents have the ability to cross reference a potential tenants previous addresses?
Fri Oct 26, 2012 11:10 am
rockymountain Contributing Member
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Re: Real estate
For homeowners, there are thousands of reasons to bypass real-estate agents and sell your property yourself. "If you cut out all agents ... you would essentially cut out on average about 6% of commission," a Web-based company that markets homes for independent sellers. "On a $300,000 home, that's about $18,000 of savings." But despite this huge potential savings, many home sellers — especially in today's tough housing market — think that a real-estate agent's expertise is essential.
Haley begs to differ and offers five reasons home sellers don't need agents:
1. Just point and click: With the rise of online real-estate search tools, homeowners are no longer beholden to real-estate agents for the resources and information they need to sell property. "The Internet has essentially changed the face of real estate," Haley says. "It's essentially leveled the playing field across the market."
2. You can market yourself: With the emergence of online platforms designed specifically to market the homes of sellers not affiliated with agents — such as For Sale By Owner.com — homeowners no longer need agents to get their property in front of prospective buyers, Haley says. Plus, "agents leverage the Multiple Listing Service as their primary 'marketing tool,' " Haley says. But "anybody can access that if they want to pay for it." (Homeowners can put their homes on the MLS for a couple of hundred dollars, according to For Sale By Owner.com.)
3. Agents aren't appraisers: Appraisers — not agents — are the key to getting an accurate home valuation, Haley says. "An agent is going to give you their perspective based on what they are seeing, [but] they have no true professional training in that aspect," Haley says. Home sellers working without an agent can obtain the services of an appraiser on their own for roughly $200 to $300, he says. "Even if you used an agent, you would still bring in an appraiser," Haley says.
What's your home worth?
4. Agents aren't lawyers: At the same time, real-estate lawyers — not agents — are responsible for ensuring that documents and other legal matters pertaining to the sale are in good order. "There is a myth out there that the agent helps you with this paperwork," Haley says. "They may offer direction, but they are not legally capable to provide that expertise." As is the case with appraisers, independent home sellers can find a real-estate attorney on their own to handle the legal aspects of the process, he says.
5. You can do what an agent can: The main service that real-estate agents provide is convenience, Haley says. All of the services they offer — finding a real-estate attorney, coordinating home viewings and so on — can be done by any homeowner willing to put in the effort. "Remember that a real-estate agent license takes under two weeks to get," Haley says. "So after those two weeks, that person can be in charge of the selling or buying of a person's home, which is one of the largest financial assets in a person's life."
Wed Nov 14, 2012 7:45 am
masud09 New Poster
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I read your post and got some information about real estate properties or home seller. What about Renton Short Sale which i got from this link at http://savedfromforeclosure.com. If you share your valuable suggestion it will be pleasure for me.
Mon Nov 19, 2012 6:16 am
Maxwell01 Member
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Yes, there is money in this situation. Because the Internet has essentially changed the face of real estate..
Feel free to ask any more advice, ar stop by for more investing info...