New York Real Estate Resources

We just had a researcher submit some very basic information about a house for sale in Livonia to us and I wanted to share that with you. From time to time, I'd like to take a property submitted to us by our users that is for sale and show you how changes in one (or more factors) can affect various aspects of your investing. This particular property submitted for New York Real Estate Resources is located at 4370 Shelly Rd, Livonia, NY 14487.

In this particular example, let's take a look at what happens to the value of the property over a number of years from appreciation.

As you can see from the table above, if we assume an appreciation rate of 5.0% per year, then the property value eventually reaches $129,008 after 10 years.

If you had the chance to get out some really great and effective marketing for FREE, wouldn't you do it? Find out one of the techniques we employ to use FREE MARKETING here: Buying Houses with Flyers. There are plenty of deals in the New York area, but, who's going to find them - you - or that other guy?

Until my next post,

James

If you've been in business for any length of time, you'll find that there are more things to do then can be done in any given day, so you absolutely must prioritize to become a successful real estate investor.

The 80/20 rule, also called Pareto's Principle, tells us that a large percentage of our success is dependent on the significant few things. The general idea of the rule is that 80% of your results will come

Read more »

Here are 4 amazingly simple ways to get others to find great real estate deals for you.

First, and this is an obvious one, hire a real estate agent or broker to scour their multiple listing service (MLS) and only bring you the deals that meet your very specific criteria. The overwhelming majority of real estate agents and brokers are paid only when you buy or sell a property using their service. They can look through the inventory they have access to and share with you the ones that meet you very specific needs. Then, when you find one that works for you, you buy it with that real estate agent or broker. You get a great deal and they earn a commission.

Second, find

Read more »

Many real estate investors lose out on an untold number of real estate deals by pre-screening too much on the telephone. Far more real estate investors pre-screen too much even before the first phone call, but that's a topic for another day. Let's discuss why you should NOT pre-screen for motivation on the phone if you want to buy more deals, with better terms and at better prices.

Are you the type of guy or gal that asks/asked if they're going to get an

Read more »

Here's another Albion property that was submitted by a user that we will use as a teaching tool for our New York Real Estate Resources real estate investors. The property address, in case you want to look into it in more detail is: 224 W State St, Albion, NY 14411.

This 4/1.50 1,860 square foot property has an asking price of $32,400, but let's take a moment to do some calculations to see what our actual price per square foot would be based on various offer prices (both above asking price and below asking price).

As you can see from the table above, if you know what a typical Albion property sells for on a price per square foot basis, you can quickly use the information provided above as a starting point for making your offer. Click on the Price Paid above to start your own analysis on this property using our Offer Generator investing tool.

Does the potential deal at 224 W State St look like it will cash flow for the asking price of $32,400? Do you know how to analyze cash flow for your own deals in Albion, and how to maximize cash flow from every real estate transaction that you do? Learn pointers on how to improve your cash flow during every step of the investing process: from negotiating to buy, managing your rentals, structuring lease options, to doing fix and flips, in the audio CD titled Cash Flow Junkie - Wake Up Money For Real Estate.

Until next time,

James

If you are using a blank sheet of paper or, even worse, scraps of paper to jot down information about potential properties when you are talking to potential motivated sellers on the phone for your initial call, shame on you!

You should be taking down all the information about the property and sellers in an organized fashion. If you do not have a Property Information Sheet to use to gather this information for your own real estate investing business, then get one or, as a last resort, make your own and use it for every call.

Most of the information you'll gather is

Read more »

Here's another Batavia property that was submitted by a user that we will use as a teaching tool for our New York Real Estate Resources real estate investors. The property address, in case you want to look into it in more detail is: 3 Elm St, Batavia, NY 14020.

This 3/1.50 1,312 square foot property has an asking price of $68,000, but let's take a moment to do some calculations to see what our actual cost per bedroom would be based on various offer prices (both above asking price and below asking price).

As you can see from the table above, if you know that rents in Batavia can support a certain price per bedroom, you can use the information provided above as a starting point for making your offer. Click on the Price Paid above to start your own analysis on this property using our Offer Generator investing tool.

Are you growing your portfolio with long-term rental properties? If yes, then you probably already know that managing rentals can be a real headache at times. How do you pre-screen tenants, deal with repairs, evictions, vacancies and more? If you're new to the business of landlording, then these questions might make your head spin. 15 Secrets To Easy Landlording is your starting point for learning how to ease the woes of property management and begin reaping greater rewards from your real estate cash cows. Whether you already own rental properties, or are in the market for your first ones, this audio course can greatly benefit you!

Until next time,

James

So you've put out some marketing and had some potentially motivated sellers call you. Whether you are taking the call live or returning the call from a voice mail message, here is a big picture overview of the process for talking to motivated sellers for the first time.

First off, do not... I repeat... DO NOT... research the deal before you talk to the seller. Get back on the phone with the seller as quickly as possible and without doing ANY work on the file before you call. There will be plenty of other areas to procrastinate where it is to your advantage to do so... this should NOT be one of them.

If you can, take the call live from motivated sellers. If not, return phone calls as soon as you can.

For this initial call, you will want to

Read more »