Top 10 Overseas Property Investments in 2010
By [http://ezinearticles.com/?expert=Marc_Da-Silva]Marc Da-Silva
1. Brazil
The Brazilian property market has got a lot going for it. The country is attracting a lot of inward investment, has one of the world's fastest growing economies, a rapidly emerging mortgage market, a general shortage of quality homes, and has been selected to host the 2014 football World Cup and 2016 Olympic Games. This will lead to the construction of new and improved infrastructures and homes across Brazil.
Property investors from around the world are flocking to Brazilian shores with a view to snapping up real estate, in anticipation of future capital growth.
One local expect projects Brazilian property prices could appreciate by up to 200% over the next decade, driven by the country's burgeoning economy, and the pending introduction of mortgages to overseas nationals.
Investment banking firm Goldman Sachs believes that Brazil's economic growth could outstrip that of the other BRIC (Brazil, Russia, India and China) member nations over the next few years.
Brazil's economy is widely expected to become the fifth largest in the world by the time the Olympic Games kicks off in 2016, and yet Brazil property and land prices still remain a fraction of those found in more developed nations.
The Brazilian president Luiz Inacio Lula da Silva has already pledged to spend up to £11.5bn on building a million new homes in Brazil between now and 2011.
However, potential high property investment rewards are not with out their risks, as crime and corruption still remains widespread in Brazil.
2. France
In stark contrast to the relatively high risk, high return nature of investing in Brazil, the risks associated with investing in French property are far lower.
France has traditionally always been a rather safe haven for property investors. The nation was the first European country to come out of recession in 2009, reflecting the fact that the global credit crunch had much less of an impact, compared to other European counterparts.
France's strong economy is having a positive impact on its property market, which now appears to be on the road to recovery.
Increasing property and mortgage transactions are boosting residential values, with the latest FNAIM data revealing that the average price of a French property appreciated by 2.8% between April and September 2009.
Although average prices remain down 7.8% year-on-year, the market is generally expected to improve further, due to France's prudent attitude to mortgage lending.
Anyone taking out a mortgage in France is generally only permitted to borrow one third of their total gross monthly income. This has ensured that mortgages remain readily available, with 100% loan-to-value home loans available at competitive borrowing rates.
Consequently, mortgage lending in France is soaring. French mortgage broker Athena Mortgages reports that there was a 21% rise in mortgage enquiries in Q3 2009 compared with the previous quarter.
The buy-to-let and leaseback sectors are reportedly attracting particular interest from investors, due to improved yields across the country.
The capital city of Paris has long been identified as one of the most attractive European cities for investment, and is typically the most popular place to buy a home in France, along with Cannes, Marseille and Nice, which are all located along the southern Mediterranean coast.
3. USA
The USA property market may be showing tentative signs of improvement, following one of the worst economic and property crashes in living memory, but the downturn has come at a cost to many US homeowners.
Data from RealtyTrac shows that a record high of 938,000 US homes foreclosed in the third quarter of 2009. If this trend continues, foreclosures would reach around 3.5m by the end of 2009, up from around 2.3m properties last year.
Properties in Nevada had the highest foreclosures rates in Q3, followed by homes in Arizona, California, Florida, Idaho, Utah, Georgia, Michigan, Colorado and Illinois.
Rising unemployment levels - currently at a 26-year high of 9.8% - was cited as the main reason for the increase in foreclosure levels. Yet, there may be worst to come, as the unemployment rate is not expected to peak until mid-2010.
Unfortunately, one person's misfortune is another's gain. With around 7m properties currently in the foreclosure process, compared with 1.3m for the same period in 2005, predatory investors are buying up distressed, abandoned and repossessed homes at bargain-basement prices, as now appears to be the ideal time to fill your boots.
Although the sub-prime mortgage crisis started in the USA, there are growing signs that the property market may now be at or near the bottom of the cyclical downturn. Various indices reveal that average residential prices started to rise, albeit marginally, during the second quarter of 2009.
4. Norway
Sales in Norway have nosedived over the past year or so, as residential values have cooled.
However, the Norwegian property market downturn, which has not been anywhere near as severe as in other neighbouring countries, appears to have already bottomed out, and looks ready to lead the Scandinavian property market recovery.
The key to the Norwegian property market is the strength of the country's economy, which has made it one of the wealthiest in the world, while new housing output has dropped below average, which could fall short of demand next year.
Norway is rich in both gas and oil and this helps to support the country's economy and ensure that its currency also stays strong - both alluring to property investors.
The country's population is estimated to increase by 23% - approximately one million people - over the next 40 years, which should make sure that long-term residential demand is robust.
Another positive is the fact that unemployment is extremely low - approximately 3% - compared to its European counterparts.
Almost half of the Norwegian population resides in the counties of Oslo, Rogaland, Akershus and Hordaland, and so this is where property investors should focus their attentions. Property prices in these places remain relatively cheap compared to wages in Norway.
5. Switzerland
Many of the high earners currently living in Britain look set to quit the UK in droves ahead of the introduction of a 50% top tax rate in April 2010, and escape to more tax-friendly shores, such as Switzerland.
The Swiss authorities are actively lobbying to attract many of these disillusioned high-net worth individuals, who are being tempted by assurances that they will be allowed to steer clear of European Union regulation and Britain's Financial Services Authority.
It is estimated that hedge funds managing in the region of £10 billion in assets have already moved to Switzerland in the past year alone. This has increased demand for homes to rent and buy.
Due to canton restrictions, it has previously been difficult for foreigners to buy property in Switzerland. However, the country has now eased its strict property buying regulations, and opened its doors to more international buyers, partly through the introduction of 'residence de tourisme' style investments, which is similar to the ever-popular 'leaseback' formula in France.
Switzerland, one of the richest nations in the world, is of course a tax haven.
Anyone who sets up permanent residency in Switzerland would be entitled to take advantage of the country's favourable tax law, including the lump sum taxation, which charges a levy based on people's lifestyle and spending habits.
Given that one's taxable income is charged at just five times their annual rent or rental value of their property, and the fact that assets outside Switzerland remain tax-free, should ensure demand for Swiss properties - to rent and buy - remains strong for years to come.
Historically, Swiss property values have typically appreciated in line with inflation. Properties located at the top end of the market, in cantons like Valais and Vaud, have reportedly increased by up to 20% in the past year.
6. Australia
The Australian economic and property market recovery has been swifter than the other leading nations around the world.
It has been claimed that the revival in the country's property market and economy is as much as 12 months ahead of the other developed countries in the economic cycle.
Unemployment peaked in September 2009, in stark contrast to Britain and the USA, while increasing commodity demand from China has forced the Australian Central Bank to raise benchmark interest rates. Yet this has failed to cool strong residential demand, which coupled with a general housing shortage, is forcing property values higher.
The latest Australian Bureau of Statistics house price index shows that the average price of a residential property in Australia appreciated by 4.2% in the third quarter of 2009, which means that in the year to September, residential prices increased 6.2%.
Australia could be set for a residential property price boom over the next few years, as the country's economy continues to show genuine signs of recovery.
A recent Australia property report projected that average residential prices in nearly all capital cities would increase by between 11% and 19% by 2012, with the greatest property price rises expected to be recorded in Sydney, Adelaide and Melbourne.
7. Malaysia
I tipped Malaysia to be the number one place to invest in property in 2009, due to the country's robust property ownership laws, lack of capital gains tax and attractive mortgage rates.
However, residential sales were sluggish during the early half of the year, as the market struggled as a direct consequence of the global credit crunch, while there are some political uncertainties emerging.
But with consumer sentiment improving, the recent positive market recovery, supported by the construction of new residential schemes across the country, should continue in 2010.
While property prices race ahead across much of Asia - in countries like China, Vietnam and Singapore - which has led to heightened fears of budding property bubbles, the Malaysian property market has merely stabilised, making it suited to more balanced investors.
With an extremely young and well-educated population, long-term demand for property in Malaysia looks set to grow.
Domestically, an increasing number of people are moving from the countryside into the larger cities, while internationally Malaysia looks set to cross a demographic landmark of huge social and economic importance.
Malaysia's population is growing by around 2%, or an extra 500,000 people, every year. The World Bank projects the country's population will grow annually by 1% until 2050, which will place further pent-up demand on property values.
Malaysia's property prices are still lower than they were in 1997, due partly to the Asian financial crisis in the late 1990's, suggesting very real room for growth.
8. Abu Dhabi
The recent property price falls in the fast growing UAE capital of Abu Dhabi, the richest and largest of all the seven UAE states, have been nowhere near as severe as in neighbouring Dubai.
The tax-efficient emirate has the largest fossil fuel reserve in the UAE, is the fourth biggest natural gas producer in the world, has the world's highest income per capita, is home to almost all of the Arabic Fortune 500 companies, and is currently sitting on over 88 billion barrels of proven oil reserves.
Yet Abu Dhabi is now actively trying to reduce its reliance on oil, and is diversify its economy into the financial services and tourism sectors. Billions of pounds have been allocated for infrastructure projects and the development of residential, leisure and cultural schemes across the oil-rich emirate. The plans are truly remarkable.
Nevertheless, investors seeking out bargain deals will find some of the best opportunities for distressed property investments in the Gulf region in Abu Dhabi.
The recent slowdown in the property market means that just 45,000 are anticipated to be completed in the capital in the next four years, augmenting the exiting housing shortage.
The supply of housing stock remains scant, partly because Abu Dhabi is not part of a community master-plan like those pioneered by Emaar and Nakheel in Dubai.
The housing shortfall in the capital is expected to stand at around 15,000 homes next year, which could mean that property prices and rents are forced up, while residential demand - domestic and international - is expected to increase.
Because Abu Dhabi does not have the same high level of exposure to the global financial crisis, compared with other UAE emirates, mortgages for non-residents - at up to 75% loan-to-value - are readily available again. This is likely to appeal to buy-to-let investors, as well as those people seeking equity release and to remortgage their properties in Abu Dhabi.
9. Oman
The relaxed Arabian state of Oman, voted 'destination of the year 2008' by Vogue magazine, has long been a popular holidaying destination for people living within the GCC.
With a population of around 2.3m, Oman is being modernised and liberalised culturally and economically by hereditary Sultan, Qaboos Bin Said Al-Said, a forward-thinking leader.
Sultan Qaboos strategy for economic growth - Vision 2020 - aims to diversify Oman's economic dependency on oil, and focus on other industries, such as property and tourism.
Demand for property in Oman is primarily being driven by the Sultan's decision to introduce legislation in 2004 - ratified in 2006 - permitting foreigners to buy freehold property and land in designated tourist areas, most notably Muscat. These projects are referred to as Integrated Tourism Complexes (ITC). Furthermore, foreign homeowners can now apply for residency visas.
A number of luxurious developments are being erected across Oman including, The Chedi, Azaiba, Wadi Kabi, The Wave, Barr Al Jissah Residences, Jebel Sifah, Salalah Beach, The Malkai, Muscat Hills, Al Madina A'Zarqa, Jebel Sifah, and Salalah Beach.
The fact that Oman appeals to end-users - not just investors - means that the medium to long-term prospect for Omani property market growth looks good.
10. South Africa
South African property market conditions look ripe for investment, as the country starts to come out of recession. Recent property price falls appear to be bottoming out, while FIFA's 2010 football World Cup fast approaches.
From the moment world football's governing body, FIFA, awarded South Africa the rights to host the World Cup in 2010, shrewd property investors from around the globe have been looking on with great interest, with one eye firmly on cashing in on the sport's popularity.
The first ever FIFA World Cup to be hosted on African soil has the potential to be the biggest sporting event of all time.
The tournament is expected to attract around 350,000 football fans for a month of football mayhem, starting on 11 June 2010, which is tipped to contribute around £1.5bn to South Africa's gross domestic product and generate another £500m in government taxes.
South Africa property prices haven softened over the past year or so, due to a fall in residential demand, caused by reduced housing affordability, higher inflation and interest rates.
But residential prices could soon experience growth, on the back of what should be a reinvigorated economy, spurred by the football tournament.
While the odds may be stacked up against the South African football winning the World Cup in 2010, it is not too far fetched to assume that the country's housing market could prove to be the real winner of the tournament, generating significant returns for property investors in the process.
Marc Da-Silva for HomesOverseas.co.uk. [http://www.homesoverseas.co.uk/property-for-sale-in-Brazil]Brazil property for sale. Overseas property news. Expert advice on buying property overseas and overseas property investment.
Article Source: [http://EzineArticles.com/?Top-10-Overseas-Property-Investments-in-2010&id=3294785] Top 10 Overseas Property Investments in 2010
Wednesday, December 30, 2009
How to Search For Property
By [http://ezinearticles.com/?expert=Thoriso_Mashego]Thoriso Mashego
If you are wanting to invest your hard earned dollars in real estate, there has never been a better time. There are so many property bargains right now with the short sale and foreclosures dominating the market. There are so many uber deals that the typical seller cannot compete.
Most Realtors are guiding potential sellers with the fact that if they do not have to sell, then now is definitely not the time to put the home on the market. Property is not getting top dollar when the bank owned property is eating up the market.If you want to see what is available then Realtors can get you the real estate listings.
And this is a much better avenue to get access to all available properties with the criteria that you are looking for in the areas that interest you. Realtors have the most up to date information at their fingertips and with the search engines that are in their Multi-Listing Service, you can dictate that you only want the foreclosure listings or any other set criteria.
You cannot expect to find the best deals on property by just riding around and looking for yard signs. This is not the most profitable of methods. Once you locate a property that interests you that is a super good deal, it is time to act quickly. These deals are the only properties that are getting multiple offers right now. So there are steps you want to take prior to even calling the Realtor and checking to see what is available. Offers on foreclosure properties must be accompanied with a pre-approval letter.
And there are some stipulations that are not with a traditional sale. You are buying the property "as is". So if you have concerns then you should have someone look at it who is knowledgeable about structural issues that could be going on with the property. All in all, it is a wonderful time to get the best deals in real estate.
The government is trying to help in clearing the foreclosures from the market by giving incentives such as the $8000 first time buyer's tax credit. The market needs to be rid of these foreclosures or the economy in the mortgage market, will not recover. The sales of these properties will help the traditional seller be able to get closer to appraised value for their own property. So resist the speculative stock market and consider what your local real estate climate can do for you.
Did you know that Real Estate Investment is Serious Fun? Find out by following this link => [http://www.articlesbase.com/real-estate-articles/real-estate-investment-is-serious-fun-1392186.html]Real Estate. You will find another creative article by Thoriso Mashego.
Article Source: [http://EzineArticles.com/?How-to-Search-For-Property&id=3180736] How to Search For Property
By [http://ezinearticles.com/?expert=Thoriso_Mashego]Thoriso Mashego
If you are wanting to invest your hard earned dollars in real estate, there has never been a better time. There are so many property bargains right now with the short sale and foreclosures dominating the market. There are so many uber deals that the typical seller cannot compete.
Most Realtors are guiding potential sellers with the fact that if they do not have to sell, then now is definitely not the time to put the home on the market. Property is not getting top dollar when the bank owned property is eating up the market.If you want to see what is available then Realtors can get you the real estate listings.
And this is a much better avenue to get access to all available properties with the criteria that you are looking for in the areas that interest you. Realtors have the most up to date information at their fingertips and with the search engines that are in their Multi-Listing Service, you can dictate that you only want the foreclosure listings or any other set criteria.
You cannot expect to find the best deals on property by just riding around and looking for yard signs. This is not the most profitable of methods. Once you locate a property that interests you that is a super good deal, it is time to act quickly. These deals are the only properties that are getting multiple offers right now. So there are steps you want to take prior to even calling the Realtor and checking to see what is available. Offers on foreclosure properties must be accompanied with a pre-approval letter.
And there are some stipulations that are not with a traditional sale. You are buying the property "as is". So if you have concerns then you should have someone look at it who is knowledgeable about structural issues that could be going on with the property. All in all, it is a wonderful time to get the best deals in real estate.
The government is trying to help in clearing the foreclosures from the market by giving incentives such as the $8000 first time buyer's tax credit. The market needs to be rid of these foreclosures or the economy in the mortgage market, will not recover. The sales of these properties will help the traditional seller be able to get closer to appraised value for their own property. So resist the speculative stock market and consider what your local real estate climate can do for you.
Did you know that Real Estate Investment is Serious Fun? Find out by following this link => [http://www.articlesbase.com/real-estate-articles/real-estate-investment-is-serious-fun-1392186.html]Real Estate. You will find another creative article by Thoriso Mashego.
Article Source: [http://EzineArticles.com/?How-to-Search-For-Property&id=3180736] How to Search For Property
Thursday, December 24, 2009
Steps To Start Real Estate Investing
Steps To Start Real Estate Investing
By [http://ezinearticles.com/?expert=Julie_A_Broad]Julie A Broad
"Twenty years from now you will be more disappointed by the things you didn't do than by the ones that you did do." - Mark Twain
Real estate investing is actually fairly simple. If you're thinking that this is going to be the year you begin real estate investing, but doubt and fear are paralyzing you, overcome those feelings by following a basic investing process. If you take it step by step, and spend enough time doing the research at each step, you can find good properties that will produce massive amounts of wealth for you over time. And, once you get started, it will just get easier.
Oversimplified, real estate investing for us happens in five steps:
1. Set specific goals.
2. Find and research a market to invest in.
3. Find and evaluate properties.
4. Buy the property that meets our goals.
5. Make money from it - good property management and paperwork.
When we've deviated from these steps, we've made mistakes. When we skipped the goal setting phase, we ended up with no money down deals that could have bankrupted us. When we skipped out on market research we ended up with a condo in an area of Toronto that grew by over 2,000 units of THE SAME SIZE condo in the five years after we bought it, and when we've been careless in our selection of property managers or tenants (in the make money from it phase) we've suffered the consequences with court fines and tenants that don't pay rent.
Our real estate investing life has the plot of a great made for t.v. movie. It's been dramatic, and often a bit too stressful. But, we could have prevented most of the drama by spending a little more time on each step. If we'd done that we would only have a couple of good stories to tell...not dozens!
So, to start real estate investing and feel good about that first step... SET YOUR GOALS. We set goals for our health and our wealth. Just like losing weight...it's too easy to say "I want to lose weight" and then do nothing. It's also too easy to say "I am going to be rich" and then wallow in your sorrow when it just doesn't happen. You will never get there just thinking those thoughts... You need to be specific about what you want, and then take action.
And with real estate it's critical to know where you want to go before you start. In order to figure out what type of property you are looking for you will need to know what exactly you can put in (in terms of time, effort and money) and what you want to get from real estate investing.
Ask yourself some questions:
- Is it more important to you to find a property that doesn't cost you much money or one that doesn't cost you much time?
- Do you have much spare time?
- Are you handy? Do you want to do work on the property?
- Are you expecting to do a lot of work on the property yourself or do you prefer to not be involved much at all?
- What is your risk tolerance?
- Do you want real estate to be your primary source of income after a certain period of time?
- How much money can you (or do you want to) dedicate to real estate investments versus other investments?
- Do you have good credit?
Without a clear understanding of what you want to achieve, it's very difficult to get started. It's also very scary! So get clear on what you want to do, take some baby steps and soon you'll feel confident and ready.
If you're new to goal setting, here's the simple steps we use:
1. Start by listing everything you want to accomplish in your lifetime. We do this without judgment. We list everything from learning to play the drums, being fluent in Spanish to owning enough real estate to generate $25,000/month in net income each month. No judgement...just list it all.
2. Review your long list, and find the ones that are most important to you to focus on in the next few years. We highlight them, and then proceed to break them down into the smaller steps that we need to take to move ourselves towards
each of those goals in the next 3 years, in the next year and in the next month.
3. Write it down, share it with someone that supports you (they will act as a push when you lose site of your goals or need a check in).
4. Do something EVERY DAY that moves you towards one of your goals. For a new real estate investor this should be research related - learning everything you can about the market you want to invest in, tracking property values and rental rates, and becoming very comfortable with what is happening in one, two or even three markets you are thinking of investing in. This prepares you to spot opportunities and be confident when the time is right to move. The key to this is to commit yourself to spending at least 30 minutes per day moving towards your goal. NO EXCUSES! You can find 30 minutes on a lunch break, by waking up a little earlier or just by turning the T.V. off after dinner and working.
Julie Broad is a real estate investor, and published a free newsletter all about [http://revnyou.com/06_Newsletter_Sign_Up.html]real estate investing. You can sign up and learn the insider secrets to building a Seven-Figure Real Estate Portfolio in your spare time. http://www.revnyou.com
Article Source: [http://EzineArticles.com/?Steps-To-Start-Real-Estate-Investing&id=1878478] Steps To Start Real Estate Investing
By [http://ezinearticles.com/?expert=Julie_A_Broad]Julie A Broad
"Twenty years from now you will be more disappointed by the things you didn't do than by the ones that you did do." - Mark Twain
Real estate investing is actually fairly simple. If you're thinking that this is going to be the year you begin real estate investing, but doubt and fear are paralyzing you, overcome those feelings by following a basic investing process. If you take it step by step, and spend enough time doing the research at each step, you can find good properties that will produce massive amounts of wealth for you over time. And, once you get started, it will just get easier.
Oversimplified, real estate investing for us happens in five steps:
1. Set specific goals.
2. Find and research a market to invest in.
3. Find and evaluate properties.
4. Buy the property that meets our goals.
5. Make money from it - good property management and paperwork.
When we've deviated from these steps, we've made mistakes. When we skipped the goal setting phase, we ended up with no money down deals that could have bankrupted us. When we skipped out on market research we ended up with a condo in an area of Toronto that grew by over 2,000 units of THE SAME SIZE condo in the five years after we bought it, and when we've been careless in our selection of property managers or tenants (in the make money from it phase) we've suffered the consequences with court fines and tenants that don't pay rent.
Our real estate investing life has the plot of a great made for t.v. movie. It's been dramatic, and often a bit too stressful. But, we could have prevented most of the drama by spending a little more time on each step. If we'd done that we would only have a couple of good stories to tell...not dozens!
So, to start real estate investing and feel good about that first step... SET YOUR GOALS. We set goals for our health and our wealth. Just like losing weight...it's too easy to say "I want to lose weight" and then do nothing. It's also too easy to say "I am going to be rich" and then wallow in your sorrow when it just doesn't happen. You will never get there just thinking those thoughts... You need to be specific about what you want, and then take action.
And with real estate it's critical to know where you want to go before you start. In order to figure out what type of property you are looking for you will need to know what exactly you can put in (in terms of time, effort and money) and what you want to get from real estate investing.
Ask yourself some questions:
- Is it more important to you to find a property that doesn't cost you much money or one that doesn't cost you much time?
- Do you have much spare time?
- Are you handy? Do you want to do work on the property?
- Are you expecting to do a lot of work on the property yourself or do you prefer to not be involved much at all?
- What is your risk tolerance?
- Do you want real estate to be your primary source of income after a certain period of time?
- How much money can you (or do you want to) dedicate to real estate investments versus other investments?
- Do you have good credit?
Without a clear understanding of what you want to achieve, it's very difficult to get started. It's also very scary! So get clear on what you want to do, take some baby steps and soon you'll feel confident and ready.
If you're new to goal setting, here's the simple steps we use:
1. Start by listing everything you want to accomplish in your lifetime. We do this without judgment. We list everything from learning to play the drums, being fluent in Spanish to owning enough real estate to generate $25,000/month in net income each month. No judgement...just list it all.
2. Review your long list, and find the ones that are most important to you to focus on in the next few years. We highlight them, and then proceed to break them down into the smaller steps that we need to take to move ourselves towards
each of those goals in the next 3 years, in the next year and in the next month.
3. Write it down, share it with someone that supports you (they will act as a push when you lose site of your goals or need a check in).
4. Do something EVERY DAY that moves you towards one of your goals. For a new real estate investor this should be research related - learning everything you can about the market you want to invest in, tracking property values and rental rates, and becoming very comfortable with what is happening in one, two or even three markets you are thinking of investing in. This prepares you to spot opportunities and be confident when the time is right to move. The key to this is to commit yourself to spending at least 30 minutes per day moving towards your goal. NO EXCUSES! You can find 30 minutes on a lunch break, by waking up a little earlier or just by turning the T.V. off after dinner and working.
Julie Broad is a real estate investor, and published a free newsletter all about [http://revnyou.com/06_Newsletter_Sign_Up.html]real estate investing. You can sign up and learn the insider secrets to building a Seven-Figure Real Estate Portfolio in your spare time. http://www.revnyou.com
Article Source: [http://EzineArticles.com/?Steps-To-Start-Real-Estate-Investing&id=1878478] Steps To Start Real Estate Investing
Real Estate Investing and the Internet
Real Estate Investing and the Internet
By [http://ezinearticles.com/?expert=Doc_Schmyz]Doc Schmyz
Okay, so you finally decided to make the move to get into investing in real estate. You need to know where to start and what the most immediate tools are for you as a new investor.
Let's look at the Internet.
Internet allows you to do all the research that you would basically spend days, or in some cases even weeks doing on" foot." You could go ahead and spend your time going through and shopping through the local newspaper for handyman, contractors, and real estate agents or maybe even take some time thumbing through the Yellow Pages, letting your fingers do the walking.
For more information visit http://www.realestateinvestingeden.com
The Internet allows you to do all of these things in a far shorter time, as well as give you an interactive result for any questions you may have. Let's say that you want to go ahead and contact a real estate agent that you found on the Internet. You have the option of either sending them an e-mail, or more often than not you have a direct phone number to contact them and get your questions answered. The Internet can save you so much more time as a new real estate investor. It's absolutely an obscene in comparison to how we did things as investors prior to it coming along. Make 100% utilization of the Internet; make sure that you're on it, doing your research.
Building your team
The Internet allows the new real estate investor to build a team and get first-hand knowledge of the areas that they want to do investing in. For example let's say that you live in Los Angeles, but want to invest in a small community in Houston. Now you have two options here. You can do with the tried-and-true method. Ask around wait for a response from someone that could possibly recommend someone to you in Houston. Or you could go right ahead log online and start looking for real estate agents. In that particular area that you looking to invest in.
My suggestion however is not to do either one. My suggestion would be to log on to the Internet. Look for real estate investing groups in the geographical location that you want to invest in. Why do you want look for real estate investment groups. Simply put, Word-of-mouth. THIS IS OF VALUE to you. You won't have to necessarily walk into dealing with someone in that area of the country that you've never met. You can read reviews, hear firsthand accounts. Talk to people who have worked with them, and more often than not, get feedback. Ask questions, post questions on a local blogger forum section of that part of the country.
Continuing with doing your research and building your team using the Internet.
The internet has countless resources on it that a real estate investor can use. Mortgage Calculators, track interest rates, network with investors in your area of interest...as well as other areas of investing you may consider working in. You can find real estate investment groups from all over the country, as well as local real estate investment groups in your same area. You can literally find and interview new candidates for the skills that you'll need to do your investments. Whether that's a plumber, mortgage broker, real estate agent, or landscaper.
Let's briefly discuss networking online.
You can login to one of the popular social networking sites such as Face book or MySpace, and look there for real estate investment blogs, groups or just to talk to other investors. Or, as previously mentioned, you can find real estate investing clubs and groups both in your local area as well as across the country. No matter how you do your networking don't underestimate the value of it. Okay, let's say that you've been thinking about getting into commercial real estate, but have no knowledge of how to do so. By doing your homework and networking you can find a vast amount of individuals who can help you get into commercial real estate investing and/or any of the side ventures thereof.
Finding like minded individuals is far easier when you have the Internet as part of your arsenal of weapons.
Doc Schmyz has been investing in real estate since 1990 He created a free online resource for real estate investors to get free [http://www.investor411.org]real estate investing information for more of Doc's tips go to his blog: How to be a [http://superinvestmentgeek.blogspot.com/]SUPER INVESTMENT GEEK!
Article Source: [http://EzineArticles.com/?Real-Estate-Investing-and-the-Internet&id=1852549] Real Estate Investing and the Internet
By [http://ezinearticles.com/?expert=Doc_Schmyz]Doc Schmyz
Okay, so you finally decided to make the move to get into investing in real estate. You need to know where to start and what the most immediate tools are for you as a new investor.
Let's look at the Internet.
Internet allows you to do all the research that you would basically spend days, or in some cases even weeks doing on" foot." You could go ahead and spend your time going through and shopping through the local newspaper for handyman, contractors, and real estate agents or maybe even take some time thumbing through the Yellow Pages, letting your fingers do the walking.
For more information visit http://www.realestateinvestingeden.com
The Internet allows you to do all of these things in a far shorter time, as well as give you an interactive result for any questions you may have. Let's say that you want to go ahead and contact a real estate agent that you found on the Internet. You have the option of either sending them an e-mail, or more often than not you have a direct phone number to contact them and get your questions answered. The Internet can save you so much more time as a new real estate investor. It's absolutely an obscene in comparison to how we did things as investors prior to it coming along. Make 100% utilization of the Internet; make sure that you're on it, doing your research.
Building your team
The Internet allows the new real estate investor to build a team and get first-hand knowledge of the areas that they want to do investing in. For example let's say that you live in Los Angeles, but want to invest in a small community in Houston. Now you have two options here. You can do with the tried-and-true method. Ask around wait for a response from someone that could possibly recommend someone to you in Houston. Or you could go right ahead log online and start looking for real estate agents. In that particular area that you looking to invest in.
My suggestion however is not to do either one. My suggestion would be to log on to the Internet. Look for real estate investing groups in the geographical location that you want to invest in. Why do you want look for real estate investment groups. Simply put, Word-of-mouth. THIS IS OF VALUE to you. You won't have to necessarily walk into dealing with someone in that area of the country that you've never met. You can read reviews, hear firsthand accounts. Talk to people who have worked with them, and more often than not, get feedback. Ask questions, post questions on a local blogger forum section of that part of the country.
Continuing with doing your research and building your team using the Internet.
The internet has countless resources on it that a real estate investor can use. Mortgage Calculators, track interest rates, network with investors in your area of interest...as well as other areas of investing you may consider working in. You can find real estate investment groups from all over the country, as well as local real estate investment groups in your same area. You can literally find and interview new candidates for the skills that you'll need to do your investments. Whether that's a plumber, mortgage broker, real estate agent, or landscaper.
Let's briefly discuss networking online.
You can login to one of the popular social networking sites such as Face book or MySpace, and look there for real estate investment blogs, groups or just to talk to other investors. Or, as previously mentioned, you can find real estate investing clubs and groups both in your local area as well as across the country. No matter how you do your networking don't underestimate the value of it. Okay, let's say that you've been thinking about getting into commercial real estate, but have no knowledge of how to do so. By doing your homework and networking you can find a vast amount of individuals who can help you get into commercial real estate investing and/or any of the side ventures thereof.
Finding like minded individuals is far easier when you have the Internet as part of your arsenal of weapons.
Doc Schmyz has been investing in real estate since 1990 He created a free online resource for real estate investors to get free [http://www.investor411.org]real estate investing information for more of Doc's tips go to his blog: How to be a [http://superinvestmentgeek.blogspot.com/]SUPER INVESTMENT GEEK!
Article Source: [http://EzineArticles.com/?Real-Estate-Investing-and-the-Internet&id=1852549] Real Estate Investing and the Internet
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