Great resource for all Real Estate Players

It’s a good online course in Finance that I have never learned before. I have gained the basic knowledge of financial markets and their applications in reality.

Absolutely right, finance is not just about making money that I thought before joining in this course, and as a popular opinion as well, it is more than that, it has much more meaningful.

This audible has brought to me the necessary skills to make more rational decisions in my life, in my future career, I think. It’s also helped me to realize how I should work in this sector to serve the right purposes, to make the people living around me to be better. And it’s true that educational finance is very important to everyone.

19 people found this helpful

Wave of the future

Investors in commercial real estate have many advantages and opportunities than other investment strategies do not offer. When the benefits are seen, the next thing to do is think about the current market conditions. To answer the question about how to invest in commercial real estate and that is with due diligence. Just like with any investment, you have to do your homework. Learning how commercial investing works is important, but actively doing research is the most important. The reason to do due diligence is to make sure the property is a viable option. An investor needs to understand residential and commercial properties are valued differently. Income with commercial properties comes from the usable square footage, and investors earn more money from multi-family properties. Remember that commercial leases are longer and make way for more cash flow. Top investors know when a deal is good. What is their secret? They make sure they have an exit plan. Your best deals should be ones you can get out of quickly without any questions. Make sure you have a good eye for being a landowner. Look for damage that is going to need repair. Know how to assess risk and do not be afraid to get out your calculator to make sure the property will meet your financial goals.

17 people found this helpful

A+ value so far for new investors

Property management is the managing of industrial, commercial, residential real estate that includes shopping centers, condominium units, detached houses, and apartments. It involves managing property that is owned by others. Property managers work for the owner to take care of the property while still bringing in profits. A big decision that you will need to make when you become a landlord is if you should hire a property management company. Many will manage properties by themselves or with the help of other employees like a resident manager. Sometimes a landlord is going to need more help. This is when a property management company comes in handy. There are some agents that act as their own property manager. Brokers who live in a resort town might give sellers and buyers agent services as well as property management. This broker will also list, show, and lease vacation rentals. Property managers can help the owner with budgets, advertise rental properties, collect rent, interview tenants, comply with all local real estate board and landlord-tenant laws, and keep up their properties. Construction, exterior and interior cleaning, and preventative maintenance would all be a property manager’s responsibilities. Owners pay the managers a percentage or fee of the rent that is collected. These companies are a large asset to your business. They aren’t cheap. There may be other reasons why you do not want or need one.

14 people found this helpful

Simply be aware it

Simply be aware it is pretty great knowledge though I loved the full extent they used. They moved on a little bit of everything. You won't be an expert at anything when you put this book down but you will be aware of a lot of the real estate Valuable Lessons.

3 people found this helpful

Wholesale GODs

Wholesaling in real estate works a lot like flipping except you have a shorter time frame, and the repairs aren’t made before it’s sold. The wholesaler will make a contract with a home seller, and then they assign the contract with a buyer. The wholesaler gets a profit. The profit is the difference between the amount that was agreed upon with the seller and the how much the buyer pays. Their goal is to sell the property before their contract runs out. This is how a scenario would typically play out: The house is under contract with the wholesaler for $80,000. They think the property needs about $15,000 worth of repairs. They think they can get $125,000 for it after repairs are made. They use their investors and finds a buyer who will buy it as is for $95,000. They assign an investor a contract, who now “owns” the fixer-upper. The wholesaler has now made $15,000 profit without actually owning the property. The important thing is to have a contingency in your purchase contract what gives the wholesaler to get out of the contract if they are unable to locate a buyer before it closes. This helps to limit the risk. Since the wholesaler does not actually buy the property, wholesaling is less risky than flipping. Flipping involves renovation coast and carrying costs. Wholesaling does not require as much capital as flipping. Making sure you have just enough money to make payments on a couple of properties works for wholesaling. Success depends greatly on knowledge of the market and how connected to they are to investors. Grocery wholesalers will receive their products in bulk from major farming, processing operations, ranching, and manufacturers. They store them in a warehouse and then send out smaller amounts to grocery stores. It takes resources and money to do this kind of wholesale business.

1 person found this helpful

A true mindset shift!

Real estate can provide great income opportunities. Most people think real estate agents have to sell houses and properties to people. That simply isn’t true. You can make money selling houses but having your real estate agent’s license can save you money and help you make more money. The best things about real estate are the various options to make money. Investing in real estate while being an agent can pay off greatly. Being an agent can help with investment strategies. You can save thousands on every transaction and earn high returns. If you purchase a lot of properties in a year’s time, you could save tens of thousands of dollars alone. This does not include any profits you can make if you aren’t an agent. If you buy more than two properties each year, you really should think about getting your license. Even if all you do is buy your own properties, it is going to save you lots in commissions. On each property you buy, you are going to save money since you are paid the commission since you are the buyer's agent. An agents commission could be two to three percent with each deal; it will all add up to mega money.

1 person found this helpful

Fascinating

This book opened my eyes. It has many useful information and techniques. Also, Mark is the good mentor. Thank you, I recommend this book for everyone who is beginner In real estate investing.

1 person found this helpful

Keep forever.

Through this course, I have learned not only technical financial terms but much deeper meaning of the financial markets which I always wanted to understand. I feel very lucky that I took this course.

Solid Foundation on Flipping Properties

House flipping is when a real estate investor buys a home and then resells it at a profit several months later. Is there money to be made doing this? Yes, there is. You can, in fact, make decent money with this. There’s also a chance that you could lose everything as well.

There can be some real bargains to be found in real estate. There are around one to two million foreclosed homes on the market every day.

Due to a depressed market and tight lending standards, you need to make sure you have plenty of cash and amazing nerves before you start flipping. Think about buying a property for $45,000, investing more than $15,000 in fixing it up and nothing happened. Nobody is interested. Now, you must pay the mortgage or rent where you currently reside plus now you have a mortgage to pay for this new property, utilities, taxes, and insurance.

Laid out how simple wholesaling can be

If you sell a lot of properties, you are going to have a lot of paperwork. This will be the most annoying part of having a real estate license. You are responsible for writing your offers, submitting papers to attorneys, brokers, agents, the MLS, etc.