www.macombinvestments.net | A Real Estate Investment Company

    I have learned a lot about Real Estate Investing this year. I know I have learned from success, mistakes, and  trial and error. I figured I would end the year with a few tips that I have learned so far this year. Lately as a investor I have seen that you can make money in a market that is down as long as you buy right. I am never ashamed to make low offers on properties because if they go through then I got a deal. There are so many foreclosures in Macomb County that I have set my main focus this year on buying foreclosures and auctions. I have tried the probate market a little bit but have not managed any real success there I believe for the sole fact that we are paying such low prices that you really have to find the motivated seller to be able to get the good deal from a home owner.

    The investor tip that I have for the end of this year is finding the right people to work with. When I first got into the business I know I had not much of an idea of the market. Then the market ended up taking me on that investment. There are people in the business that know what the market is doing and it is important that you find the ones working the market that you are working in whether it is the Macomb County Real Estate market or Chicago “Know your market”. I believe that you need to find the business minded people in real estate as well and spend your time around them or on the phone with them to get an idea of what they are doing in the business (or work a deal with them). People who are working real estate as a business on the investor end are people who think about there clients long term not just for one sale. Very important to find these people they won’t be easy to find but they are out there.

    Another thing I have noticed this year being tip number two would be the importance of knowing contractors in the business. Also like the tip stated about knowing the business minded people being investors focus on finding contractors that work with investors in the area. They will be focused on the key things that you need your investments to prosper. First being quality work. This would be for rehabbing/rentals/and land contracts of course not wholesaling. Quality work will determine the ability to move the property and get it being an asset. Second price. they will understand how to get the materials that you need for the job at a good price because you need to be able to find quality product for a good price to keep the investments sound. Third the contractor will be focused on time because time is always in the essence 45 days is plenty of time for a contractor to flip a home. People who wholesale real estate contractors will be real important so you know what the home can do for the investors you sell it to. How much it will cost to fix up is important to know and being able to supply the investor with a estimate is a bonus to get that sale.

    I remember starting of in investing and they give you all of these courses and tell you make 30k in 5 days and you know what there is more to it than that. It’s possible to get a deal and make that in 5 days but there is so much more to it than that. I think the cover robs people of things. Real Estate investing is a business and it takes time to build business’s. You need to develop contacts, establish all the paper work, raise that capitol if you don’t already have it. There is a lot to do including marketing. It’s very important to get your marketing system in place as well so you can sell the properties quick. So my advice if you are in Macomb County or California is to know your market decide your niche weather it’s short sales, foreclosures, or probates choose your focus. Then get your contacts, then the most important thing have faith and come with the goal of making a difference in a community one house at a time!

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    With the cash available there is a big chance to make some money as investors seasoned or not. If you look at it the prices are lower in this market and it actually allows you to do a couple more deals then before or hold a couple more properties as rentals whatever your strategy may be. Property is being purchased at 50% market value with a market value lower than we have seen it in a long time. Advantage  investors let me tell you why.

    As investors we always want to buy low which is easily done at an abundance right now.  There is no bad deal right now. The market is going up as well because of the first time home buyer incentives put out by President Obama. So buying at 50% off a market that is down means you are buying some great deals. The Macomb County Real Estate Market gives opportunity to many investors and home buyers even if the home buyer is buying at the market value at 100% they are getting the great deals on property because it’s a down market. There will always be up’s and downs just look at the statistics of the world. Things go up things go down we have feast and we have famines. We were working on such a high market for years observations of that should have let us know where we were going to go. So we are in a down market which means to everybody leverage what you have and buy some property. All that you can afford get your hands on.

    In this market there are many strategies that you can use to make some money in Real Estate. You can buy low and wholesale to other people, renovate and flip, hold for rentals, hold on lease option. There are so many strategies that can be implemented in today’s market and they are still working as long as you buy right and get your network with other investors in the area that work the market. So get focused take this Macomb County Real Estate market and let it work for you and your family’s future.

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