The modern economy has a lot of individuals curious about making money from real estate. The sad truth is that most people have no clue about where to get started. If you have  been wondering what you can do to invest in the real estate market the right way, you should know a couple of things first.

You must develop a good feel for local property values. Knowing your market is one of the key lessons that will prepare you for investing in real estate. The cost of mortgages and rent in the neighborhood is a better indicator than financial statements when providing a picture of the house value. If you view the property from a basic level, you can better make the right decision.

Learn from like-minded people. If you are reading this then you are definitely looking in the right place. Lots of people want to get involved in real estate investments. There are many groups focusing solely on real estate investing. Or you can also find many online as well. Join these groups and learn all that you can. Invest as much time in learning to achieve that investor mindset.

The national real estate industry is expected to continue growing in 2014 but at a slightly slower rate than 2013. More importantly, major investors will shift out of tier one markets into tier two markets due to the high cost of real estate in the “gateway” cities. Gateway cities are cities offering the most international airplane flights and international business. Cities like Boston, Chicago, Los Angeles, New York City, San Francisco, and Washington D.C. But there are other important cities now offering a better return on capital. These include Austin, Dallas, Houston, Miami, Orange County, Portland, San Jose, Seattle, and Minneapolis. These are the types of cities that institutional investors will be investing in during 2014.

Don’t Make Excuses

You are not too old and reality is you are never going to be any younger than you are right now. Start looking past your self-imposed age restrictions and start using your age to your benefit. Believe me – a lot of young professionals would LOVE to appear wiser and be taken more seriously than they are. Having lived it myself for the past decade, I know that age is an asset. It’s not always easy for young people to be taken seriously is the business world.

If you think the market is over-saturated, think again. All signs point to go. Succeeding in any business is about finding the right solutions to the right  problems. People will always live in houses and people will always be buying houses. Find your niche and become their problem solver.

If you think the economy is not strong enough, keep reading. Did you know that more than half of all Fortune 500 companies were started in the midst of a major recession or a down market? It doesn’t matter where the economy is headed, you just need to figure out how your solutions will fit into the grand scheme of things. We see the current market as one of the greatest financial opportunities you may ever see in your life.  Anyone who invested in real estate between 2009 – 2012 will probably tell you the same thing!

Don’t allow yourself to be marginalized by self doubt. It’s never too late to get started, and if you’re asking yourself when the time will be right for you, think about what was said in this article. The only really important question is, when will you get started?

To learn more about Part-Time REI visit us at http://part-timerei.com/

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It’s coming…

The Big Game

For most people, the Super Bowl is a bucket list dream that no one really believes they will cross off.  The cost is too high, tickets are too hard to come by, blah, blah, blah.  But real estate investors think differently.  We don’t say, ” I can’t.”  We ask, “How do I?”

Before answering that question, let’s break down this epic trip for you and your friends, spouse, or child.  .

Tickets  start at $3000 on Stubhub and you can certainly piece together a trip (hotels average $500/night).  But, this is a bucket list item, right?  Let’s go big!

PrimeSport (among others) offers packages that include tickets to the game, 3 nights hotel stay, round-trip transportation to the game, and access to their Pre-Game Experience center starting at $10,500 for 2 and just under $20,000 for 4.  This gives you the ability to fly-in (if necessary) on Friday and stay until Monday thus avoiding much of the traffic.  Plus, transportation to and from the game means you can fully enjoy the experience without having to worry about the hassles of parking and/or the potential to get a DUI :).    For an upgrade fee, the Ritz Carlton in Times Square is still available.

Everyone has to eat and we won’t presume to know your tastes, but here’s the list of the 100 Best Restaurants in NY.  Without question, you should try 1-2.

So, for you and the 3 people who happened to be lucky enough that you to consider them important, you can put together an unforgettable, action-packed, Super Bowl weekend in one of the greatest cities on earth for around $25K including travel.

The Big Question

This brings us back to the question, “How Do I?”  Few people have $25K in pocket change to drop on a 3-day trip no matter how spectacular it will be.  But, if you think of this in terms of flipping housess, you’ll realize that making it to the Super Bowl is much more achievable for you as a real estate investor than it is for the Cleveland Browns.    Done correctly, a flip should take 10-20 hours.  Depending on your market, you can cover the cost of Super Bowl in 1 or 2 flips.  Thus, a week’s worth of work is all you really need.  This is very achievable in your spare time.

A Dose of Reality

If you haven’t started yet, it would be difficult to complete a flip in time to cash out before this year’s NFL season comes to an end.   Furthermore, unless you are fans of the Broncos, Seahawks, Patriots, Saints, Panthers, or 49ers, the chances of seeing your team in this year’s game is fairly slim.  But, hope springs eternal.  In 2015, the Super Bowl will be in Glendale, Arizona. and 2016 will be Super Bowl 50!!  Start flipping houses now and either of these games is very achievable!

For more info on the 2014 Super Bowl : http://www.nynjsuperbowl.com/

To learn more about Part-Time REI visit us at http://part-timerei.com/

Or connect with us