3 Ways to Hit Your End of Year Target - Young Hustlers #10X #RealDeal #GrantCardone

Want to Get the Most Money for Your Home or Condo?

Owning a home or investment property and making mortgage payments is like putting money in the bank. For most homeowners, their house is their largest asset—which means there’s a lot of money at stake when it comes time to sell. Every owner will want to get as much money back as possible from perhaps the biggest investment. In order to do so, here are some tips when you put your home on the market.

Hire a Real estate Agent. Hire a full time, professional real estate agent to sell your home, hiring one can help you sell your home for the best price, in the least amount of time, which will put more money your pocket. A good listing agent can assist you with pricing your home, marketing it, negotiating with buyers, and guiding you through the closing process. That's a lot of responsibility. Your agent will filter all those phone calls that lead to nowhere from folks that are not serious about buying and the agent can try to induce serious buyers to write an offer immediately.

Price it right from the outset. Overpricing a home in today's fast-paced environment, will put you at risk of your home sitting on the market, which can make it more difficult to sell. If your house is still for sale after a couple of month, buyers are going to assume something’s wrong with it. Today’s buyers are savvy, they can do their own research and they know if a house is overpriced. So list it right at market price, which your agent will help you determine. If anything, listing it a bit below market price could also work in your favor by sparking a bidding war which could drive the price up higher than you'd ever hoped.

Once you have an offer in hand, you’re probably scanning for one thing: the price. The offers on your home should fall into a price range, but don’t rely on price alone. Not only consider the Offer Price, but other items such as Closing assistance, Closing date, Buyer financing, and contingencies. Some offers may seem great on the surface, but significantly less so once you dig in. For instance: Is the buyer asking for closing assistance? If you agree, any assistance you give will lower your bottom line, so factor this amount into the asking price. The buyer's time frame to close may not seem like a big deal on the surface, but it can actually matter a lot, especially if you give the buyer a long leash. If the deal falls through, you’ll have to put the house back on the market and wait for more offers. Make sure the buyer has financing. Make sure you verifying the buyer’s financing and how much the buyer will put toward the down payment and earnest money deposit. The last thing you want is to accept an offer, only to find out afterward that the buyer can't come up with the necessary cash to close.

You always have the option to return the buyer’s offer with a counteroffer of your own. You should always counter if the price is not what you are looking for, or if you can’t support the amount of closing cost help they are looking for, etc. But if you do, keep it reasonable. If your home is in a popular area, have an advantage, the buyer may not accept your counter outright, but always wait for multiple offers especially in areas of low inventory. To help you decide, ask your agent to call the buyer's agent and hash it out it with them. Get some insight into the buyer's state of mind, and whether he can budge.

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Colombia Tops Miami Real Estate Searches for Seventh Consecutive Month!

Colombia Tops Miami Real Estate Searches for Seventh Consecutive Month

Colombian consumers have posted the most global Miami real estate searches for seven consecutive months, according to a new report by the MIAMI Association of REALTORS® (MIAMI). South Florida, a top destination for international home buyers, finished as the second-most searched U.S. market by Realtor.com international consumers in September 2017.

MIAMI — Colombian consumers have posted the most global Miami real estate searches for seven consecutive months, according to a new report by the MIAMI Association of REALTORS® (MIAMI). South Florida, a top destination for international home buyers, finished as the second-most searched U.S. market by Realtor.com international consumers in September 2017.

Colombia registered 11.4 percent of all international searches on MIAMI’s portal, www.MiamiRealtors.com, in September 2017. Colombia has led the MIAMI property search rankings for seven consecutive months and 17 of the last 22 months.

“Miami real estate continues to be a top destination for consumers in Latin America but all over the world,” said Coral Gables Realtor Christopher Zoller, the 2017 MIAMI chairman of the board. “Canada, Ukraine, Spain, Italy, India and the Philippines rank among the top-10 foreign countries searching for Miami real estate.”

Colombia Tops Miami Real Estate Searches for Seventh Consecutive Month
Top-10 countries visiting MiamiRealtors.com in September 2017:
Country, Share of International Searches

Colombia, 11.4%
Canada, 10.4%
Ukraine, 5.5%
Venezuela, 5.2%
Spain, 4.7%
Brazil, 4.3%
Italy, 4.3%
India, 4.3%
Argentina, 3.8%
Philippines, 3.0%

Colombia: A Top Market for South Florida Real Estate
Colombian home buyers tied with Brazil in making the third-most international purchases in South Florida, according to the 2016 Profile of International Home Buyers of MIAMI Association of REALTORS® (MIAMI) Members. Colombia had a 10 percent share of all international purchases in South Florida. Venezuela (15 percent) and Argentina (11 percent) finished first and second, respectively.

MIAMI again promoted its members, South Florida’s lifestyle and real estate market at Colombia’s largest property showcase, El XII Gran Salón Inmobiliario – Feria Internacional, on Aug. 24-27, 2017 in Bogotá, Colombia. MIAMI made a South Florida market presentation at the 12th annual expo, which attracted 30,000 visitors and 200 exhibitors.

Top-10 International Cities Visiting MiamiRealtors.com in September 2017

Ontario, Canada
Bogotá, Colombia
Kyiv City, Ukraine
Capital District, Venezuela
Buenos Aires, Argentina
Sao Paolo, Brazil
Antioquia, Colombia
Quebec, Canada
Madrid, Spain
Milan

South Florida is Second-Most Searched U.S. Market by International Clients
Miami-Fort Lauderdale-West Palm Beach is the second-most searched U.S. market by international consumers, according to Realtor.com September 2017 data. South Florida has ranked among the top-two U.S. markets for global demand for years.

Top-10 U.S. markets for international real estate demand: September 2017

Los Angeles-Long Beach-Anaheim, CA
Miami-Fort Lauderdale-West Palm Beach
Bellingham, WA
New York-Newark-Jersey City, NY-NJ-PA
Orlando-Kissimmee-Sanford, FL
Urban Honolulu, HI
Tampa-St. Petersburg-Clearwater, FL
Kahului-Wailuku-Lahaina, HI
Phoenix-Mesa-Scottsdale, AZ
Las Vegas-Henderson-Paradise, NV

Top-10 countries driving international demand in South Florida: September 2017

Canada
Brazil
Argentina
United Kingdom
Colombia
Germany
France
Spain
Italy
Mexico

(http://www.miamirealtors.com/news/news/releases/2017/11/13/colombia-tops-miami-real-estate-searches-for-seventh-consecutive-month).


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Real Estate Investing Made Simple Live at 12PM EST - Grant Cardone

Foreigners are getting serious about "Buying American" real estate.

The National Association of Realtors released a report Tuesday that said foreign buyers and recent immigrants spent an estimated $153 billion on American properties in the year ending March 2017. That was a 49% increase over the previous year and the highest level since record-keeping began in 2009.

The purchases accounted for 10% of the total value of existing home sales in the U.S. The report did not include new homes.
Powered by SmartAsset.com
The breakdown of sales between foreigners and recent immigrants was about 50:50.

Blame Canada

America's neighbors to the north were one big factor behind the surge.
Canadian real estate investors nearly doubled their purchases of American homes over the period because of the relative affordability of properties in the States. Many Canadians have been squeezed out of property markets in cities like Toronto and Vancouver that have experienced rapid price gains.
Canadians were the second biggest foreign purchasers of homes after the Chinese. Buyers from China shelled out nearly $32 billion over the period, while Canadians spent $19 billion.
Related: London's economy is starting to 'wobble'
Trump turmoil?
Foreign buyers had to brush off U.S. political turmoil in order to make their purchases.
"The political and economic uncertainty both here and abroad did not deter foreigners from exponentially ramping up their purchases of U.S. property over the past year," said Lawrence Yun, chief economist at the National Association of Realtors.
"While the strengthening of the U.S. dollar in relation to other currencies and steadfast home-price growth made buying a home more expensive in many areas, foreigners increasingly acted on their beliefs that the U.S. is a safe and secure place to live, work and invest," he said.

Location, location, location
Nearly half of all foreign sales were in three states: Florida, California and Texas.
Canadians gravitated to Florida. Chinese buyers focused on California. And Texas was the preferred state for Mexican buyers.
New Jersey and Arizona were the fourth and fifth most popular states.
Related: Yes, student debt is delaying homeownership
The report estimated foreign buyers typically paid just over $302,000 per property, up 9% from the previous year.
About 10% of foreign buyers paid over $1 million.
(http://money.cnn.com/2017/07/18/real_estate/real-estate-property-fo...).


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Real Estate 101: Your Buyer Checklist

Purchasing real estate may be overwhelming at first, considering all the things you need to study and learn to ensure that you make the right investment. But if you are equipped with the right tools and knowledge, it can save you from making seriously costly mistakes. For buyers looking to purchase a home, whether it’s your first, second or third, knowledge will be your best friend. And with some perseverance, buying your ideal property will be easier than you think.

To make it simple for you, we’ve created a buyer’s checklist to guide you on this endeavor.
First, think about what it is you’re looking for in real estate. Separate your wants from your needs. Crucial factors for good real estate include location, size, style, and occupants. If you are still single, you can look at lofts, condominiums, and studios. If you are planning to have a family, you can look at homes and townhouses of different sizes.

As real estate involves money, you will also need to consider is how much you can afford. When assessing your financial capacity to purchase real estate, it’s recommended that you analyze your debt (if any), monthly income, and credit status. You should also inquire about various down payment plans that will allow you to buy property but still be able to live a comfortable life.

Real estate is primarily about location. An ideal location for others may not be an ideal location for you. So when deciding on buying a home, check your lifestyle, personal preferences, and the prospective home’s distance from your work. Meanwhile, location’s security is also a must-think. The internet is a good place to research about local crime rates, safety, commuting options, and traffic in the neighborhood of your choice. Other factors you should consider in a location include the proximity of a hospital or clinic, school, and other local recreational amenities such as parks, movie theaters, restaurants, and shops.

The next step is to choose a type of mortgage and obtain pre-approval. Before you choose a mortgage broker, it’s crucial to do your homework and shop around before deciding. Brokers offer a range of interest rates, and it’s best to go with one that is well-suited to your needs as well as financial capabilities. It is highly recommended you deal with a mortgage broker when deciding on this aspect.
Work with highly recommended realtors, and if you are new to real estate, asking for referrals especially in the neighborhood of your choice will be helpful. Good realtors will take the stress out of buying real estate as they can help you find property that suits your individual preferences and will also help you with payment options.

Finally, avoid the mistake of purchasing right away. Here’s another often overlooked tip: narrow down your options to five, visit them all to get a feel for the whole property. Many buyers experience having “cold feet” when purchasing a home because they have not looked at enough options before deciding. So remember, even if you are decided on a property, you should still try to negotiate with your broker to increase your chances of getting a good deal.

These are some of the most basic points you should consider when buying real estate. Remember that going into the industry without this checklist in mind may be a pricey mistake. Why risk that when finding your dream home can be ease-free?

(http://www.globalrealtynews.com/real-estate-101-your-buyer-checklist/)

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Should You Invest In Rental Real Estate?

Are you considering investing directly in rental real estate? With many people increasingly concerned about both stock and bond market valuations, you’re not alone. First, let’s take a look at some of the benefits of becoming a landlord:

Income: With stocks and bonds both yielding about 2%, one of the main benefits of real estate is the ability to generate significant income without having to sell your investment. It’s possible to generate high single to low double digit returns on your cash even with a mortgage.

Inflation protection: Not only can real estate provide good income, it’s income that naturally keeps pace with inflation. Inflation can also increase the value of real estate and reduce the real burden of mortgage debt over time. For these reasons, it can be a great way to hedge against the possibility of rising inflation, which generally hurts both stocks and bonds.

Leverage: Historically, real estate appreciation plus rental income has underperformed stock appreciation plus dividend income. What gives real estate an advantage is the ability to benefit from the leverage of purchasing it with borrowed money at relatively low interest rates. For example, if you put down 20% on a $100k property and it appreciates 3%, you actually earn a 15% return ($3k of appreciation divided by the $20k you put down). Of course, you can buy stocks on margin but margin rates are higher and are not tax deductible. You could also be forced to sell your stocks while they’re low to satisfy a margin call.

Tax advantages: Real estate also comes with a lot of tax advantages. First, you can deduct costs such as the mortgage interest, property taxes, and depreciation from your taxes and even use excess “losses” to reduce your other taxes. If you sell a property, you can defer the capital gains tax by reinvesting the proceeds in another one. When you pass away, your heirs can inherit the property and sell it without having to pay any tax on all the appreciation during your lifetime.

Control: You can add additional value to real estate by purchasing a property you believe will appreciate faster than the overall market (the real estate market is much less efficient than the stock market so there are more opportunities to profit from superior knowledge), making improvements, and managing it yourself.

However, real estate is not for everyone. There are some important challenges to be aware of too. Before taking the plunge, here are some questions to ask yourself:

Do you have to have a good credit score and debt/income ratio? Ideally, you’ll want a credit score above 740 and total debt payments (including future mortgage payments) of no more than 43% of your gross income. If you’re not there, take steps now to improve and protect your credit score and to pay down your debt. Otherwise, you’ll get a higher mortgage rate or you may not even be able to qualify for a mortgage at all. If you have the cash, you can purchase real estate without a mortgage but you lose the benefits of leverage.

Do you have enough savings? A 20% down payment will help you avoid having to pay for PMI (private mortgage insurance) but a 25-30% down payment is often needed to qualify for the best rates on an investment property. You may also need another 2-5% for closing costs. If you don’t have that, start saving now. Keep in mind that you’ll also need savings for emergencies after the purchase, including maintenance and repair costs and covering the mortgage during vacancies.

Do you have time and patience? Sites like Roofstock are making it easier, but buying direct real estate isn’t as easy as buying a mutual fund. You’ll likely have to spend a lot of time researching and looking at properties and may not get your first, second, or even third choice. Even once you have a signed contract, expect lots of phone calls, emails, and paperwork to complete the transaction.

Do you know how you’ll manage the property? The first method makes it a business/part-time job. The second is an additional expense that can cut into your returns.

What tax bracket are you in? While there are lots of tax breaks from owning direct real estate, the rental income is subject to your ordinary income tax rate, which is higher than the tax on qualified stock dividends. One way to avoid this is to invest more for appreciation than income while you’re working and in a high tax bracket. Another is to purchase real estate in a self-directed IRA, which can grow to be tax-deferred or tax-free, but that comes with its own complications.


Are you okay having your money tied up? You can’t generally sell real estate as fast as you can a stock or mutual fund and transaction costs can be high. You can take out a line of credit to borrow against any equity you have, but that still needs to be paid back.

Do you have a high risk tolerance? People often think that real estate is less risky than stocks. With an individual stock, you could lose all the money you invested, but with a rental property, you can actually lose more than you put in. After all, you’re on the hook for maintenance costs and mortgage payments even if you don’t have a paying tenant. If you sell it at a loss, leverage can work against you as you can end up not just losing your down payment but also possibly being stuck with an underwater property.

Like any investment, real estate has its pros and cons. The important thing is to go into it with both eyes open. It’s not just location, location, location. It’s also education, education, education.

(https://www.forbes.com/sites/financialfinesse/2017/08/09/should-you-invest-in-rental-real-estate/#4c46e61f5c15)#RealEstate
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