Thursday, February 17, 2011

How to Make Real Estate Flyers For Advertising

The real estate advertising has grown from ordinary flyers to internet promotion. Real estate advertising plays an important role in increasing your market sales, letting people know your product would definitely attract possible buyers to visit your location. Fliers are essential part of real estate advertising because these are the tools that people read first hand, this is the tool that convinces them to take a closer look at what you're selling. Flyers are best use for providing understandable real estate view.

Here is a step by step guide on how to choose an effective real estate flyer:

Step 1 - Identify your target market

When deciding for the right flyer content you must be considerate of your audience, make sure that you make various types that can be used for certain group of people. Make flyers that would relate to your target market for it to be effective and interesting. Understand their needs and see how you can work an advertisement out of that need. Making it personal and hitting their particular weakness will help increase their interest. Brochures must be appealing to different point of views.

Step 2 - Decide the layout

When trying to figure out the best designs for to real estate flyers there are number of matters that you need to decide on. One is the background color, size of the flyers, number of pictures and types of photos, text fonts and sizes, and the paper finish.

For choosing the right color you need to consider the company themed color as these flyers would be representing your company. Opt for something that would catch people's attention but not too bright that it makes the flyers look cheap.

Sizes of the flyer also counts, not just because the price varies along with the size but considering all the information that you will be placing on them without making it look like chaotic, they must be easy to read.

The number of photos must also be decided upon making an effective flyer, as mentioned above the size of the flyer varies and so does the photos. As much as you want you can't have all the photos you have to post on every flyer because it would look chaotic and organize. Choose the best and most attractive looking photo that would entice your market. Pictures must showcase the highlights of the estate.

The texts font and the size must be clear and easy to read, bold the features and amenities as well as the discount promos if there are any.

Step 3 - Decide on the Text content

Your flyer must answer all the common questions that buyers need but in very short and informative manner. Include the exact address of the real estate and direction how to get there. Detailed ocular schedule is also necessary. Include all the amenities and features of the estate, this information will the client to visit your location. Most importantly, do not forget your contact information; include your email, mobile number, and business phone number.

4 Proven Ways to Become Debt Free and Retire Rich

4 Plans To Become Debt Free Quicker

You biggest loan is probably your mortgage. Right? Most of us have a 30 year mortgage. What if you could afford to pay it off faster? I think many families can accomplish this with some proper planning.

Did you know that on a typical 30 year home mortgage loan you will pay more in interest payments than you even borrowed in the first place? That's right! On a normal 30 year loan of $300,000 for example, you will pay back over $600,000 in total, including principal and interest.

If that does not convince you that part of a sound financial plan should include a system to eliminate your mortgage faster, I don't know what will.

I'd like to show you 4 effective ways to make that happen.

Plan #1) Refinance your loan. You can refinance to a lower rate or even to a shorter term, if you can afford the bigger payment.

As an example, a 15 or 20 year mortgage can usually get you a lower interest rate and many times the payment will not be too much more each month.

Plan #2) Institute a Monthly Principal Reduction Plan. What I mean here is that you can send extra money each month, in addition to your regular principal and interest payment and instruct your bank to apply it to the principal loan amount to reduce the pay off amount.

This amount can be $100 or $1,000 or more. You'd be surprised. Every little bit you send to reduce the loan, will reduce the amount you have to give to the bank in interest by a lot.

Plan #3) Set Up A Bi-Weekly Payment Plan. If your mortgage company can't do this, there our banks that will arrange to do it for a small fee, simply do an internet search.

This plan simply means that you divide your monthly payment by 2 and pay that amount every 2 weeks. So, instead of making one payment each month, you are making 2, but in half the amount.

If you add it up, you will end up making one full additional monthly payment at the end of the year. This will reduce the number of years it will take to pay off your loan and the total pay off amount in a big way.

Plan #4) Use A Software Program Married With A Home Equity Line to quickly chip away at that loan. There are several of them out there. This is a strategy that is becoming very popular in America and has been used in Australia and Europe for years.

All of the plans listed above can help you to effectively pay off your debt much faster. I personally recommend Plan #4. Home owners can be mortgage free in 1/3rd the time in many cases and not even change their monthly spending.

That means that a 30 year mortgage can be paid off in 10 years in many cases. This is huge, especially considering the 100s of thousands of dollars saved in interest.

I think this method of eliminating debt and reducing interest paid out to the banks and mortgage companies is so important to a family's financial plan that I dedicated a whole chapter to it in my best-selling book 3 Secrets Of Millionaires.

Don't wait for 30 years to pay off your mortgage. Keep that money for your family, instead of making the banks rich.

Mike Koller is an entrepreneur and author with over 27 years of experience in his field. He has sold over 200,000 books teaching people how to get rich in the comfort of their homes

The Duty Of Confidentiality In Real Estate

In any Listing Agreement there is a point in time when the agency relationship ends.

A Listing Agreement, as it is widely known, is none other than a contract between the rightful titleholder of an interest in land (the 'Principal') and a duly licensed real estate firm (the 'Agent'), whereby the firm stipulates and agrees to find a Buyer within a specified timeframe who is ready, willing and able to purchase the interest in land that is the subject matter of the contract while acting within the realm of the authority that the Principal confers onto the Agent, and wherein furthermore the titleholder stipulates and agrees to pay a commission should the licensee ever be successful in finding such Buyer.

As in all contracts, there is implied in a Listing Agreement an element which is commonly know at law as an 'implied covenant of good faith and fair dealings'. This covenant is a general assumption of the law that the parties to the contract - in this case the titleholder and the licensed real estate firm - will deal fairly with each other and that they will not cause each other to suffer damages by either breaking their words or otherwise breach their respective and mutual contractual obligations, express and implied. A breach of this implied covenant gives rise to liability both in contract law and, depending on the circumstances, in tort as well.

Due to the particular nature of a Listing Agreement, the Courts have long since ruled that during the term of the agency relationship there is implied in the contract a second element that arises out of the many duties and responsibilities of the Agent towards the Principal: a duty of confidentiality, which obligates an Agent acting exclusively for a Seller or for a Buyer, or a Dual Agent acting for both parties under the provisions of a Limited Dual Agency Agreement, to keep confidential certain information provided by the Principal. Like for the implied covenant of good faith and fair dealings, a breach of this duty of confidentiality gives rise to liability both in contract law and, depending on the circumstances, in tort as well.

Property Listings And Classifieds Will Help You Find Pertaining Real Estate

It should not come to you as a surprise that hundreds of thousands of folks are turning to the World Wide Web when it comes for them to Sale Property and Rent Property in India or buy property for that matter. This is because the most hottest and sought after deals can only be located on the internet under property classifieds or property listings. The internet has become a global mode for advertising real estate to potential buyers from all over the globe.

This World Wide Web has revolutionized the way real estate is handled now a day and has become much more convenient and straight forward. Whether you want to buy property, Sale Property and Rent Property in India, the best place to do a bit of intricate research in of course the internet, this is because the facilities proffered by the web portals specializing in property listings and property classifieds will endow you with uncomplicated and hassle free strides to get what you want.

This implies that which was earlier deemed as a daunting and time consuming chore has transformed itself into a tranquil and easy task. The biggest advantage of indulging in trading of real estate through property classified sis undeniably the convenience factor. What is more alluring is the fact that these listings and property classifieds do not involve any kind of fee, commission, etc., thus you do not have to cough up a single dime to buy, rent or sell property over the internet.

You can also compare one property with another when you choose to indulge in property listings over the internet. The amount of quality leads that you will lay your hands on will undeniably sweep you off your feet. Buying and selling real estate is a very profitable and an investment with enormous potential in these advanced epochs, where population is increasing substantially but the real estate is remaining the same.

This decision to buy property, Sale Property and Rent Property in India is a very much a tough decision and a one time too, which is why much concern and discussion should be held before indulging in it. The major benefit of making use of free classifieds as assets itemizing is that it is rich on both the consumer and supplier. Sellers might put up the details of their total capabilities to attract the more shoppers and tends to make big profits. A buyer is capable of doing proper planning using home tariff recognize the type of home clothes to his or her budget.

A buyer can grab the satisfactory information regarding the property, without having to go to search out it the right time so and rapid. Property Listings on the World Wide Web is the best medium to arrive at the immense interested people. In summary, on the internet, grouped announcing will probably be the effectively means and may always be among the many most well-situated, good, and economic course and serves you the best when it come down to buying and selling real estate.

Customers For Free - SEO Marketing For Real Estate Agents - Part One

Getting Customers For Free? SEO Marketing for Realtors, Part One. Can you really get customers for free on the web?

Yes you can and average people are doing it now every day. But they are only average in the sense that they do not have some magical ability or special inside knowledge. They are the people that have learned to use time tested principles and they implement them using the efficiencies of modern technology. So what is SEO Marketing? Just in case you are an old timer, ( anyone over forty, relative to the Internet) or you have been living in a cave you may need a definition for the acronym SEO. It simply means Search Engine Optimization. For the sake of brevity I am not going to spend much time explaining what it is.

I am going to assume you already have a fairly good working understanding of this term. This article will be the beginning in a long series of articles that looks at SEO specifically for Real Estate Agents. Because I am a Minneapolis Home Inspector located in the Lake Minnetonka area; it serves my interests to help local real estate agents succeed by educating and coaching them for the Quid Pro Quo benefit of obtaining referrals from their clients. It is perhaps one of the very few ways inspectors can offer value to agents without the unethical and perhaps illegal practice of paying for referrals under the table.

Anything I do to help realtors succeed and obtain clients will benefit my business. It is in my direct line of self interest to help realtors get more business with a lower capital investment. SEO is a valuable tool in the marketing tool box. If done properly it can lower the cost of acquisition per customer.

A quick definition of SEO. Search engine optimization is where you try to increase the amount of traffic to your web site through ( organic or unpaid ) search results as opposed to search engine marketing (SEM) which deals with paid inclusion or the purchasing of advertising space. In Internet marketing strategy, SEO tries to understand how search engines find, categorize and qualify content and what people search for. Optimizing a website involves the task of writing content to both increase its relevance to specific keywords and to remove barriers to the indexing activities of search engines.

This simply means that when you attempt to use the "free" aspect of the internet to market your real estate agency, you will need to optimize the content of your web site. When you design your web site, write articles or network on the web, you will need a strategy for the effective use of keywords, links and HTML code to "attract" web site search engines like Google to your web site or any other form of your internet content.

This is all too often scary and intimidating to most real estate agents because search engines are very mysterious and highly mathematical technological monstrosities. When most people try to start learning it they quickly throw up their arms and conclude it is just too complex. So they will either forgo this medium of marketing altogether or they will spend a great deal of money hiring someone else to do it for them. And all too often these companies that claim to be able to design an amazing lead generating machine that will spit out one qualified lead after another from your sales funnel turn out to just be a worthless rip off. Too many service providers like real estate agents have fallen prey to this hype.

And now the rules have changed. Current SEO companies are now offering "Pay For Results" marketing programs that promise first page placement guarantees. At least these companies must adhere to some kind of a measurable performance metric. But to simply get on the first page is not enough either. The goal of marketing is to attract qualified clients and build brand awareness. Just getting on the first page will not do that. That is why the masters of the internet are able to apply "Old School" marketing wisdom to the modern medium of Internet marketing.

And that is what this series of articles is going to address. How can your average real estate agent compete and win in the fast paced and ever changing world of internet marketing? There is an answer to this question. And there is a way to get there. But the cost of admission is to get an education on time tested marketing principles and applying them to modern SEO principles to create a marketing strategy that will deliver on the promise of more customers for less money.

What's The Problem? Why do you need to learn SEO Marketing Online?

Real estate agents are entrepreneurs. That means they have to spend their own time and money acquiring their own customers. They also have overhead expenses including the cost of office space, administration, insurance, licensure, etc. But the one expense that is perhaps the most expensive is the cost to acquire customers. In the modern world it has become very expensive to advertise. And the effectiveness of most advertising is very poor. It is now normal to only get one lead out of one thousand viewed advertisements. That is a.0010 rate of return. And that is just a lead.

Then you have to qualify that lead to see if the prospect is a genuine customer. After you determine they are a customer, then you have to attract them away from your competitor and persuade them to sign on the dotted line with you. Now that you have one customer that has allowed you to list their property, now you have to sell their home. So the marketing starts all over again. It is clear to see that this can become very expensive very quickly. If you are paying for space in any advertising medium, the chances that you will be profitable after all expenses are paid are small. Advertising space is often too expensive for single individuals to make it worth the investment. Therefore a realtor's biggest problem is to find a way to acquire new customers without incurring the dramatic costs associated with normal advertising.

There are two ways that will allow you to develop a sales funnel without the advertising cost. The first way is the "Old School" method of developing a network of relationships. These are mutually beneficial relationships that benefit each member of the network. Nothing beats this system. But as I will explain a little later, it takes time and has a few drawbacks. The new modern method is to develop relationships using the Internet as the medium to get your message in front potential customers and also potential network members. It is a new tool in the marketer's toolkit. But it is not a silver bullet.

The Internet has promised the world to everyone. But most people have discovered they don't want what the world is trying to aggressively sell them. So the Internet and every other form of marketing is causing a new problem. People have begun to build thick firewalls both online and off. And the promise of the Internet has succumbed to the modern problem of information overload. So the modern marketer needs the promise of free customers the Internet has to offer. But they need a strategy to overcome the endless barriers that have been placed before them. There is a solution to this problem. And SEO Marketing provides the tools to address this challenge.

What this series of articles is all about; doing a large number of small things well.

The following categories will form the beginning of this series of articles. The following descriptions are just a synopsis of the content of this series of articles. Each category must be understood as it relates to the whole. Each component by itself will do nothing to serve you on its own. You need to put each piece together to form an overall marketing strategy to reduce your costs and increase your exposure to the right audience. Each of these components when understood and implemented correctly will work to bring you new business from a wide variety of sources you may not yet have even considered.

But you will need to adjust your expectations. You will not skyrocket to success online by adopting some modern Internet tricks. What I will teach you in these articles will be very small pieces of a very large puzzle. You will not have to spend money on these solutions. But you will have to spend time. And if you stay in business long enough, you will eventually harvest the rewards of your efforts. Success in the modern world does not come from doing one thing very well. It comes from doing many small things very well consistently over time. And the cumulative effect of those efforts will generate business for you. But it will not come immediately. It will come in time.

The Value of your Offer. This is where you begin.

Simply put, this is what you do well. This is what you are selling. If you can't do something well, then you cannot hope to succeed no matter how good you are at Internet marketing. In this series of articles I will explain the fundamentals of marketing and then how to adjust and apply those methods to SEO Marketing. When you bring old wisdom together with modern efficiencies, you can have a powerful set of tools at your disposal. You will discover there are not any fancy techniques and no magic bullets. You will just need to implement these strategies one step at a time to achieve good results.

Traditional Marketing Principles. SEO can't work without them.

SEO based Internet marketing is worthless unless you adhere to the time tested rules of marketing. There is an old saying. Entrepreneurs sell things that other people want to buy. If you are a real estate agent then you are selling your ability to sell someone else's house quickly, for the highest offer while abiding by all the rules and regulations. That is what people want to buy. It is your job to accomplish those tasks. If you are not able to do just that, then you have nothing of value to sell. There is nothing I can teach you that will overcome that hurdle. But if you learn to apply these time-tested methods, they will help you to sell real estate better. But you first must be able to sell real estate. The horse has to come before the cart.

Key Words

The place to start learning about SEO Marketing is by understanding keywords. These special words will form the hub of your Internet marketing campaign. In themselves they offer nothing. But when they accurately describe your unique skills and the value of your offering relative to your competitors, then they begin to work for you. This is perhaps the back bone of Search Engine Optimization. Therefore it is the fundamental place to start if you want to gain any control over Internet marketing. I will be spending a great deal of time just on keywords. This is where you will develop the most amount of control over your ability to attract search engines to you articles and online content. It is where you learn to get in front of large amounts of traffic on the Internet everyday. It will also help you to write interesting articles that will actually be of value to others. When you understand keywords on a deep level, then you will be able to write content that speaks clearly to people with solutions to problems that they are searching for online. And your articles will convince them that your services and skill sets are the solutions they are searching for. Keywords are the railroad tracks that will take you to your destination.

Content

It has been said that content is King. This is not really accurate. What you say about what you're competitively able to offer that is of value to others is the key to your success. First you need to get good at something that is of value to others. When you are first starting out, it is not possible to show a history of work success. That is why you will need to ride the shirt tails of others and provide them with profitable service until you learn the ropes. But that is another article at another time. But if you have a work history then you will need to be able to put your skills, experiences and unique value into writing. But when it comes to SEO, it will not just be any writing. It will have to be writing that includes content that a Search Engine will use to put your message in front of not only your target audience, but anyone that may benefit however indirectly from a relationship with you. When you know the rules of the game, SEO can actually force you to perfect your message and marketing strategy so that you will be more effective online and off. I will outline a strategy to help you understand how "content" is the key to your success. But with the understanding that content has to speak both to Search Engine Algorithms and the public that will be reading your content.

The Network

If you are old school, the network refers to a closely related group of people that share a common interest. In real estate that is usually affiliated vendors and target groups of people that realtors develop relationships with to get business. But in the world of SEO it is reference to the "Content Network". This is a group of websites that currently gets a great deal of traffic and those web sites already have established a high quality score with search engines like Google. Since most people spend their time online visiting web sites because those sites offer them value, then you will need to understand how you can get traffic from those sites that are free. But how is that possible you might ask?

Isn't the content network a place to buy expensive banner ads and text ads? Well yes that is true, but that can be very expensive and may offer poor results for many service based businesses. But there is another aspect to the "Network" that will allow you to place traffic generating content on the Internet for free. This is possible because these sites make money through "Adsense". This is a program by Google where website owners can share in pay per click revenue from visitors that click on the ads embedded in their web site. But how do these sites attract visitors? The answer is content. And they get their content from people like you. They are normal people that will upload important and valuable content that web users are searching for. The article you are reading is an example of this.

You can get high quality traffic to your business or web site if you do the hard work of creating valuable content. And if you are really smart, you can beat your competitors and make it to the first page for relevant keywords. More on that later. But for now you need to become aware of the network of web sites that will allow you to post content for free that will drive qualified traffic to you. I will be showing you what to look for and where to post content, then I will show you how to write that content for maximum effectiveness. If you piggyback on the shirt tails of web site authors that have a high traffic volume and an outstanding quality score, you will get to the front of the line in your location or niche market.

The Bigger Picture

To get the most from the internet, you need to think way outside the box. If you confine your thinking to just getting qualified leads directly from customers searching to buy now, you will lose a greater opportunity to get customers from indirect traffic that will result in business you could never predict or plan for. I will be showing you how to see outside the box so that you can use the Internet to get in front of people you may never meet. If they like your message and you have offered them genuine value, they will send you referral business from places you may have never heard of before. You will gain exposure in categories you cannot now imagine. You're just not smart enough to figure out every possible category or group of people that needs your services. But the rest of the world is. They know better than you. The trick is to get your message out in ways that touch the lives of people in a positive way. If you help others, you will get enough business as long as you offer a valuable service.

Authority Branding

This is the past, present and future of any successful marketing strategy for the services industry. If you are a service provider you will fall into two basic categories. You will either be providing labor in some form or fashion. That means you will be completing some kind of a task. Or you will be providing consulting services in which your intelligence is the commodity. As a consultant you will either be orchestrating a more efficient or profitable strategy or you will be protecting your client from some harm or loss. These are really the only two options. Therefore your marketing strategy must employ a method for efficiently communicating your unique skills, ability or intelligence born from education and hard won experience. If you use traditional advertising methods, you would spend a fortune to achieve this kind of brand awareness.

You can't make enough from each sale in most cases to support this kind of a strategy. The other strategy is to develop relationships from conversations and personal interactions. If done properly, you will develop a network of people that will sell your services for you. This is the most effective marketing strategy and has a long history of success. The problem is that it takes a long time to develop that network. And it is often a mine field of politics and personal interests. And those that sell you can quickly become your worst critics. And their criticism may not be fair or even accurate. It may be that you are perceived as a competitive threat and now you need to be cut down to size. The tables can turn all too quickly. But the Internet can offer a solution that will provide you with an efficient system of communicating your value and expertise that is not filtered by personal bias. And best of all it can be free if it is implemented effectively. In later articles I will address at length the most effective methods for developing and implementing Authority Brand Awareness on the Web.

HTML Code

I will not spend too much time on this topic for now because it will not be an important part of your strategy. Why is that? Because your website and content is not going to be complex. Properly encoding content is designed to reduce the barriers to Search Engine Spiders that crawl the web to discover, categorize and rate content on the web. Only complex e-commerce sites tend to suffer from these problems. Service providers can write content that is simple and effective. You don't need fancy tricks. You just need to provide valuable information that other people need and want to read. One of the few places it can come in handy is for images. But you should not be using too many images to brand yourself. Consulting service providers need to communicate their unique intellectual value, business system and work ethics. Words do the best job of this. And search engines love words!

This ends the introduction to this series of articles. See part two...

For More Information You Can Visit [http://www.oconnellhomeinspections.com/] Steven O'Connell is the owner of O'Connell Consulting and Rare Wood Remodeling LLC. He is currently inspecting homes and offering consultation services in the Minneapolis area and suburbs. He has 24 years of experience in the building trades. He has concentrated on serving high end customers with an eye for detail. His skill sets allowed him to produce some remarkably artistic and beautiful interior transformations. He achieved a mastery of several trades including framing and trim carpentry, fine wood work finishes, beautiful faux finishes and artistic murals, and also tile installation for bathrooms.

He also gained expertise at conceptual Computer Aided Design. His sub-specialty was repairing defects and damage caused by water intrusion. He also ventured into the storm damage market for one summer to learn how to negotiate with insurance companies and repair roofing, siding and windows that had been damaged by severe storms and hail. He attended Kaplan professional schools to gain his certification in Home Inspections. Seeing an opportunity in what is to become a growth industry, Steven reorganized his career goals and began O'Connell Consulting. With a large number of homes for sale, and many in questionable condition, his skill sets will help home owners and investors evaluate their potential real estate purchase. O'Connell Consulting is for Home Owners, Investors and Real Estate Professionals that need a long and ongoing relationship with an experienced information resource.

For More Information You Can Visit [http://oconnellhomeinspections.com/]

Using Feedback To Get More Real Estate Clients

With the amount of competition in the real estate business, as an agent you need every advantage you can get. One of the most economical services a listing agent can provide his or her sellers is an automated feedback system that lets them see how the sale of their home is progressing. Under normal circumstances, collecting feedback from people and agents who view a property is a frustrating and time consuming job. A good feedback system not only eliminates 95% of the frustration and work involved in collecting feedback, but it gives sellers - your clients - a tangible record of how hard you are working to sell their home.

Successful Agents Provide Better Service

The simple fact is, many home sellers think real estate agents are overpaid for the services they provide, so they will often look for agents prepared to offer cut rate commissions, or provide scaled down services for decreased fees.

It is easy to fall into this cost-cutting trap, but successful real estate agents know that fighting the cost-cutters is a losing proposition. They know that it is much more worthwhile dealing with sellers who appreciate the specialized skills a good agent can bring to the table.

In other words, rather than cutting prices and offering less service it makes more sense (and dollars) to provide as many service enhancements as you can reasonably afford. This is what will attract value-conscious clients - a level of service that is superior to your competition.

In the real estate business, value-conscious sellers are prepared to pay for quality service. And what they want most are the little things that indicate their agent is taking a personal interest in the sale of their home. Using a good feedback system is one of the most visible and most economical ways to enhance your service level. And the best part is that it actually reduces the amount of work you have to do.

How Feedback Can Help You Sell Clients

This is where having a good Feedback system can really impress your clients. There's nothing like telling a prospective client they can have 24/7 access to up-to-the-minute information on how their sale is going - how many people are looking at the property and what they think of it.

And ironically, giving your clients more information actually makes your job easier. Having a good Feedback system virtually eliminates the need to do regular activity reports. Your sellers already have the information they need, right there at their fingertips any time of the night or day.

Giving your clients online access to Feedback is also a great way to keep them involved in the process and let them know how diligently you are doing your job. Not to mention, it also makes it much easier to make your point when you need to suggest slight changes or price adjustments.

Why You Should Use A Real Estate Agent When Selling Your Home

Many beginning investors get stumped when trying to figure out exactly the best way to get started investing in short term real estate. They see people on TV, the internet and direct mail buying and selling houses for profit. I have put together a simple guideline to help these beginners.

My favorite way of telling people how to get started in this business is to wholesale or "flip" their properties for a quick cash payout. This way they can also track the process of making larger profits by watching the more experienced investor.

Remember wholesaling is nothing more than getting a property under contract with the seller of a property and then have another contract with your buyer (another investor) selling it for a higher price than you negotiated. Or as I prefer, just "assign" the contract to your buyer who will close on the property in your place. It's a great tool and an easy process!

There is no risk, you don't need any license and you can do it with little or no money down! I would like to show how easy this process is to complete in 6 SIMPLE STEPS!

1.Find a Property - Find a suitable property that has equity. These type properties are usually found through finding foreclosures. You can subscribe to many services to identify foreclosures which are easily found on the internet. Companies such as American Foreclosures.com, Foreclosure World.com, Foreclosures.com or Realtytrac.com can give you tons of foreclosures in your area.

You can also advertise in newspapers that you buy houses, foreclosures, etc. Finding vacant houses with out of state owners is also another great way to pick up bargain properties. Just find the owner and send them a letter that you wish to buy their house. One simple way you can find the owners of the house is by going down to the tax assessor's office in the town the property is located and see who and where the tax bill is being sent. Another way is to tell everyone you know that you buy distressed houses. Many times great deals are found through your own networking circle. And don't worry as you don't have to actually buy the house. Step number 6 will take care of this for you!

2.Make Your Offer to the Seller - Here you will make an offer and have them sign a purchase contract. I suggest you make your offer where there is enough profit for both you and your investor buyer. If not, make a lower offer or find another property. Your contract should always have a contingency clause that will let you cancel the contract. I like the "attorney review" clause which basically says that the contact is subject to your attorney's approval. Or another one is the contract is subject to your sole satisfaction on the home inspection report. This gives you time to find your new investor/buyer and also to check out the house.

If your contract does not have this clause (which many already do have it) you can write it in and you and the seller both initial the addition. Also if the contract says you cannot assign the contract, I simply cross it out and replace it with the phrase that this contract IS ASSIGNABLE and both me and the seller initial the change. This is the language that I use. I am not an attorney nor do I give legal advice so you should ask the advice of your professional real estate attorney in your area what verbiage he or she prefers you use.

3.Start Title Work - After signing the contract, contact your settlement attorney or title company to start the title work on the property to insure what the seller has told you concerning any liens on the property or personal judgments is actually true. Only spend these funds if you feel that getting the property at the negotiated price will give you and your investor a good profit.

You can also pass this task along to your investor (new buyer) to do if all the other numbers make sense. Another words if the loan amount owed on the house plus any money given to the seller, plus any fix up costs and your fee still leaves a nice profit, you can then sell it to your investor buyer. He or she will investigate any title issues should there be any. If the homeowner tells you they have no judgments, you can tell that to your investor and base you fee on that assumption.

4.Go to your Buyers List - and start lining up potential buyers for your property. If you don't have a buyers list start immediately advertising for buyers. One of the best ways to find buyers is either through your local real estate investors association or place an ad in the newspaper that you have foreclosure properties for sale. You will get a ton of calls!

5.Negotiate Your Deal - Either tell your investor what price you want for flipping this deal to him/her or you can ask what they would pay. Give them all the details to save both of you some time. Remember, it has to be a good deal for both you and the investor. And the investor is taking any and all risks so give them plenty of room to profit. If you find a house that you can buy for $150,000 and needs about $25,000 in repairs and will sell on the market for $250,000, you can certainly ask for a $5,000 or $10,000 assignment fee from your investor. He or she will gladly pay that as they will still make a nice profit for their efforts.

6.Assign Your Contract and Get Ready for Closing - Give your investor an assignment of contract with the amount of money you want for assigning your contract to them. Let's say its $5,000. He/she will give you a $1,000 deposit and the balance when they close the deal. Give your attorney or title company your contract and your assignment of contract and let them do the rest of the work! You are assigning your interest in the property for an assignment fee.

You can also do the same thing with an option to purchase contract. You simply sign an option contract, giving you the right but not the obligation to purchase the property at a specific price for a specific time and then sell your option contract to your new buyer/investor for a fee. Here again you are assigning your interest in the property.

It's that simple! This is just one way to make money in short term real estate!

Real Estate Investing - How to Get Started Fast

Real Estate Part Time Jobs Can Offer You Great Income

Are you looking for ways to enhance your income?

With today's difficult times, it is really important to earn extra income apart from your full time job. Moreover, since the global economic crisis has affected many sectors of the community, it is pretty hard to find regular and full time jobs nowadays. To make things worse, there are a lot of people who are also looking for work, which just adds up to the competition. As such, it is most practical to grab every opportunity that comes your way.

One of the most talked about means of earning great income today is real estate. This is definitely one job that you can do part time. Furthermore, the benefits of a part time job are just limitless. Since a lot of people are looking for ways to augment their income with a part time job, getting into a property career is one of the best solutions.

Indeed, real estate jobs offer a lot of various benefits. Perhaps one of its greatest benefits is the flexibility of schedule. Most agents set their own schedule. Thus, even if you have a regular job, you can still do part time real estate. This part time career can be done in your convenient time without interfering with your other activities. This is probably the reason why many are establishing their careers in the real estate despite the fact that they are working full time somewhere else as well.

Another important benefit of this part time job is the limitless opportunities of earning great income. There are really no boundaries in the real estate business. In fact, you can sell as many properties in a day everyday. The only boundary that would define your income is perhaps your own physical strength. As far as earning potentials are concerned, there is no limit at all. If you work hard, you will definitely earn a lot.

However more than anything else, a real estate license should be considered. Aside from proper training and natural skills, a license should be acquired. License requirements vary from state to state and you must carefully look into the requirements that are necessary for the particular state that you prefer.

Usually though, the general requirements include a high school diploma or its equivalence, background checks, a legal age of at least 18, and a certification of good moral character. For as long as you have these qualifications, there is no reason why you wouldn't be able to get your license at all.

A real estate part time career is proof enough that part time jobs can just be as effective as full time jobs, and even more. While many people started out in real estate as part timers, they eventually end up working full time because of the significant increase in the cash flow which can be attributed to real estate earnings.

Saturday, February 5, 2011

Commercial Real Estate Appreciation - How You Can Increase the Value of Your Property in Any Market

Because CRE property value is based on NOI, if you can increase the NOI, you can not only increase your cash flow, but you can also increase the property's value as well.

Let's take an example: a 100 unit apartment complex producing $100,000 of NOI in a 10 Cap market is valued at $1,000,000.

NOI/Cap Rate= Value

$100,000/.10=$1,000,000

By increasing that NOI to $190,000, in that same 10 Cap market (meaning the market pricing that investors will pay for that income (NOI) hasn't changed), POOF, the property is now valued at $1,900,000.

$190,000/.10=$1,900,000

So in addition to putting $90,000 per year more cash in your pocket you just increased your equity by $900,000. Sound good? Are you amazed by way I quickly manipulated those numbers to make the example fall into place? Are you saying to yourself, "Well Karen, that's all good on paper, but how could I just magically increase the NOI by $90,000?" Well, after all of the articles I've written as an authority on CRE, you should just trust me but since you're the skeptical type, I'll show you!

As stated previously, if you can increase NOI, you can increase the value of the property. There are 2 ways to increase NOI.
1. Take in more money
2. Spend less money to operate the property.

Notice I didn't say, reducing the debt service paid to the lender. Although this will ultimately increase your cash flow before taxes, it has absolutely no effect on the value of the property. The property is worth the same amount of money whether it has a mortgage or is owned free and clear. Make sense?

Let's just say that after you purchased this 100 unit apartment complex, as the leases expired and were either renewed or the units re-rented, you increased the rent by a mere $25 per month. That's a monthly increase of $2,500 and a yearly increase of $30,000.

$25 x 100 units = $2,500 per month $2,500 x 12 months = $30,000

So POOF, you just gave yourself a raise of $30,000 per year. Congratulations!

By the way, how much would you have gotten if you increased rents by $25 a single family house? That's right... $25! That is the beauty of commercial real estate!

Now, let's just say that to reduce operating expenses you make the capital investment into individually metering the units with their own utility meters so the tenants can pay for their own utilities instead of you, the landlord. If the savings to you is a mere $50 per month, that would equate to $60,000 increased NOI because of decreased expenses.

$50 x 100 units = $5,000 per month (decreased expenses) $5,000 x 12 months = $60,000

So POOF, you just saved yourself $60,000 per year in utility expenses thereby putting the extra $60,000 into your pocket each and every year you own the property. Remember you earn these cash flows year after year, not just once. Now let's look at the effect on value in the same 10 Cap market. $100,000 + $30,000 (increased rents) + $60,000 (decreased expenses) = $190,000.

IF: $100,000/.10 = $1,000,000 THEN $190,000/.10 = $1,900,000

So you can see that you can not only influence the amount of money you earn from cash flow, but you can also control the value of your investment regardless of market conditions.

In residential investing, there is only one strategy. Regardless of how you acquire the property (foreclosure, etc.), the goal is to buy low and wait for the market to go up so you can sell at a profit or refinance. In this market, residential investors may be waiting a long time... a very long time. Additionally, if they don't have positive cash flow in the interim, they will not see a return on that investment for years to come.

By investing in CRE, you earn a return on your investment from Day 1 because of the significant cash flows. Additionally, by improving the NOI through your own efforts, you can increase the value of your property regardless of market conditions. It is for these reasons that CRE is a much safer and more profitable investment than residential investing.

Take a FREE Online Course! http://www.cieinst.com

Karen Hanover is well known as a Certified Commercial Real Estate Advisor, President of the National Apartment Investors Association, Chairman of the National Commercial Real Estate Advisory Board and Senior Instructor for both the Self Storage Education Institute and the Apartments Education Institute.

As a CCIM Candidate, a highly prestigious designation, often called the "Ph.D. of commercial real estate" Karen works as a busy commercial real estate agent with Marcus & Millichap one of the nation's largest and most highly regarded commercial brokerage firms.

Sought by industry insiders for their toughest deals, Karen has helped thousands to create wealth in commercial real estate with less risk even in today's uncertain economy.

Karen founded the Commercial Investment Education Institute which provides educational instruction for investors on multiple subjects including apartments, self storage, office buildings, retail centers, mobile home parks and more. Her courses are taught in a friendly and easy to understand manner.

Commercial Real Estate Negotiation - How to Stay Ahead of the Game

Every day in commercial real estate you are negotiating about something. It could include any of these:

  • Commission rates
  • Advertising money
  • Marketing strategy
  • Gaining the listing
  • Tenants in a new lease
  • Buyers in a new contract
  • Getting an appointment to present your proposal
The most important element of negotiation is that you adopt a fair, honest, and open approach. All too often we come across sales people in the property businesses that are less than honest all of the time. In the long term they do not last and do not take market share.

Not only are there some 'poor quality' people working in the industry but there are certainly more than a few of them on the client's side of the fence. These are the ones that show you little respect in full and open communication, give you difficulty in feedback or property detail, and do not come back to you in a reliable and honest way. In one word they are dangerous.

A question was raised recently by a property agent, 'Should I continue to work with a client that was devious or dishonest?' It's a good question, and the answer should really be taken from the circumstances as you see it. After all a client that is not cooperating or honest is one that you probably cannot trust, and certainly one that can get you into trouble through misrepresentation or negligence in giving you all the facts. Remember that people like to sue real estate agents and brokers at the drop of a hat. That doesn't mean that they have a valid claim to do so, but it does mean that they have a lawyer who sees opportunity.

Let's assume that you do everything by the book and correctly. That is the only way to do business as a real estate agent and broker. But you will have to also apply some 'safety strategies' to help you in daily business.

Try some of these for ideas and add them to your list of processes in your business:

  • Keep accurate notes of all negotiation discussions
  • Expect that the information you are given is not total and is potentially not accurate, so check it through independent actions and follow up.
  • Keep notes of all information given to you by the parties to the property transaction
  • In the listing phase of the property marketing, be diligent and direct in getting all relevant information from the client
  • Confirm all verbal discussions and instructions back to those that advised you of the facts and any actions that they want you to take.
  • When any doubts exist, stop and check the information before you act on it.
  • When someone threatens legal action, advise your insurers immediately
  • Make sure you have sufficient insurance cover both in professional indemnity, and also public liability.
  • Create a series of best practice models for your real estate business in listing property, negotiating the deals, inspecting property, legal and contract documentation, and closing to a settlement.
In all commercial real estate negotiations, professionalism, persistence, and diligence are critical to closing the deal and moving it to finality. The character nature of many sales people in any industry is such that attention to detail is not always part of that process. Make sure that your processes are of the highest quality when it comes to property sales and leasing. That will support you and keep you successful. Good clients want to do business with the best real estate agents and brokers, not the ones that are in constant level of 'damage control'.

Commercial Real Estate Brokers - Tips to Negotiating and Closing

Listening to the client in commercial real estate presentations is an important negotiation tool. We call that an effective listening process. It is not just a matter of listening to the discussion, but taking in the bigger picture of what the client is saying through various channels.

The channels you use will involve observation of body language, positioning in the room, responses to questions, emotions, and content of the discussion. Taken in balance, they all tell a complete story. They help you see what is really going on with the client.

In a listing process or the proposal presentation, you would normally be talking about:

  • The rentals in today's market
  • The prices in today's market
  • Competitive properties in today's market
  • The tenants looking for a property at the moment
  • The buyers looking for property at the moment
  • Property performance trends and results
  • Marketing alternatives that work given the existing market trends
  • What has happened with the property
  • What the client wants from the property
  • The timing of the process

So when questioning the client about their property needs, direct your listening to what is important to them and the outcomes they require. If they indicate ambiguity or lack of clarity, always question further and drill down. Your ability to dig into the true property situation will allow you to convert the listings with greater frequency. Every client has some form of property pain. The trick here is to find it and help them with it.

Given the pressures and changes of today's property market, it is not appropriate to take on every listing you come across unless the client is realistic in the elements of pricing, rental, and marketing the property. You can waste a lot of time and energy with poor listings and unmarketable property. Not every listing is a good listing, so be selective.

What you want in today's market is a property that is priced well, being offered to the market through the most effective method of sale or lease possible, and giving clear set of features and benefits to the purchasers or tenants out there (as the case may be). All of this should be built around the ideal target market that you are chasing.

A significant part of the listing process is the observation of emphasis and emotions in the words uttered by the client. Look for situations where they appear disturbed, uncertain, challenged, or unfocused. When these appear or rise to the service and the discussion, you can drill down and give or get the real facts of the current situation.

Your ability to question and observe will significantly assist your listing conversion process. Take time to practice in improve your skill in this regard.

Joint Ventures in Commercial Real Estate Developments for the Year Ahead: 2011

Let's be realistic: project funding since the collapse of Lehman Brother's (28 months ago) has been nearly impossible to attain. Developers have come to the painful conclusion that the old guard banking institutions are not funding and will not be any time soon. The only viable funding sources are found in the private sector. It is a new world for everyone - developers, lenders, realtors and consumers.

Unfortunately, there have been a rash of unscrupulous lenders, brokers and con artists that have preyed upon desperate developers. These criminals typically charge high upfront fees, are adept at telling developers exactly what they want to hear.... and never deliver. What remains in the market is a plethora of great projects with substantial equity that simply have not had access to the capital to complete their projects.

Because getting institutional funding is as likely as having an elf deliver you cash, developers are braving the waters of joint venture (JV) financing. JV programs are available and a seriously viable option for project funding in 2011. Unfortunately, many developers think they are entitled to more than what the market is willing to offer in financing their project.

In any JV relationship, the JV funder expects the developer to bring more to the table than just a good idea. In 2011, all JV funding partners want to see that the developer has some of the proverbial "skin in the game". To be taken seriously, the developer needs to show at least 5% (of the funding amount) of equity into the project. Those with little or no equity can be funded, but will likely be in a management position with a small equity position.

Those that have no equity (real, train-ridin' dollars) in their project are most prone to be taken by upfront fee scams and joker brokers that have no idea what the market will realistically offer. Remember, the projects are competing in a global market where most developers have 25% or more equity in the project and have a predictably profitable project. It is a huge risk for a JV funder to jump into a project that has no existing equity. The market is flooded with great projects that simply ran out of funds when institutional banking collapsed. That being said, to compete in the JV market, I have the following advice:

  1. Have at least 5% equity (your own capital or equity) into the project or find an equity partner to be taken seriously!
  2. Be aware of other projects competing for the same JV dollars. Is your internal rate of return competitive?
  3. Stay away from brokers and lenders with exotic funding products that have high upfront fees. Does your funder have the capital (good) or does he have to create it (bad)?
  4. Remember,these criminals are great at telling you exactly what you want to hear. (No one is going to give you 50% of the project if you have no equity and bring only an idea to the JV funder).

Commercial Real Estate Prospecting - Get Your Great Sources of Market Intelligence Here

The more you know about the local area when it comes to investment property the better it is for you and your business in commercial real estate. Market intelligence is growing and changing each day and staying on top of the shifts and trends will give you a great source of leads for listings and sales or leasing deals.

We are in a new property cycle so you have to get on top of opportunities before your competition does. Prospecting and cold calling on a daily basis is essential to the process of business generation for real estate agents and brokers. It is interesting to note that many real estate agents stop prospecting when they think they have enough business, thereby creating another low point in listings after about 90 days. If you do not want the stress of ups and downs in listings and commissions, then start prospecting and do not stop, no matter how successful or busy you think you are.

One of the common and major problems in a real estate office that is just not performing is the existence of sales people that are just 'order takers'. Those salespeople have no pipeline of opportunity and simply wait for a prospect to walk in the door. Those salespeople are 'poor' in more ways than one! A real estate office cannot nor should it carry people that are just 'not cutting it'.

So let's look at some great sources of market intelligence that you cannot do without particularly if results and success are to be on the 'radar for you' this year in commercial or retail real estate.

  1. The minutes of the local planning authority at the local council are commonly available for public review. Find out how you can view them each month at they will very likely tell you about upcoming developments and zoning changes.
  2. Other property agent's signboards are a real reason to talk to other property owners and occupiers in the same street. This is particularly because the other property owners may be interested in competing with the other property being marketed.
  3. Investors and businesses that purchased property about 3 or more years ago are the next ones that are most likely to consider change or purchase again soon. On average, a property will sell or the property owner will look to buy more property at about years 4 or 5. This says that you should create a contact cycle with those prospects before they get to that point of change.
  4. Getting friendly with the local Solicitors and Accountants that handle property or property clients is a very good idea. If you create a position of trust and respect in these professional groups, significant business can come your way. The solicitors and accountants need the help of a good real estate agent and broker that they can trust will do a great job. Is that you?
  5. The owners of businesses in your area and most particularly the larger businesses are high value people to get to know. These people are very likely the owners of other property from an investment or usage angle. Get to know them and build trust for the long term.
  6. Walk the streets each day to talk to the people in the local businesses. Leave your business card. Ask them about what they have seen or know of property changes or activity locally. This process will also help you see more and know more about your area.

If you build these processes into what you do with daily prospecting, then you will build a better real estate business faster. More listings will be possible and your control of your territory will be more profound.

Commercial Real Estate Financing

Commercial real estate financing can be a complicated matter, but it doesn't have to be so long as the borrower does enough research beforehand. Sources for this type of financing include saving and loan institutions, mortgage banking firms, insurance companies, regional banks and private investors.

The terms for commercial real estate financing depend upon many different factors such as what the market conditions are at the time. The lender must take into consideration the types of risks that are inherent in each transaction and what the intended use is for the property. Both parties should consider the anticipated returns from the property as well as its location. A great business in a bad neighborhood is, in most cases, not a good investment. The lender, as well as its size will consider the type of real estate being borrowed upon carefully.

Each one of these considerations is important and must be examined by the prospective business owner before applying for commercial real estate financing.

Some lenders narrow their services to one specific type of commercial investments. These might include retail operations warehouses or multifamily dwellings. Other lenders provide financing across-the-board for all types of commercial ventures. The key to beginning the whole financing process for the business owner is to have all of the paperwork competed and in order prior to approaching the lender. The bottom line is that lenders are most concerned about their risks. The borrower who has every base covered by clear and concise documentation will stand the better chance of being seriously considered for financing.

Before making a decision about whether or not to venture into a particular real estate financing situation, the lender will want to see expense and income statements for the property in question. They will check to see if it demonstrates a solid income stream. They will want to know all about the management team, so their complete profiles should be prepared and ready to present. Anyone who is involved as an owner of the property will have to provide financial statements. The property will have to have been appraised and the written appraisal presented at the meeting between borrower and lender. If construction blueprints are available, those should also be presented to the lender.

If the borrower does the necessary research and homework and has all of the required paperwork prepared and ready to present during the initial meeting, much of the red tape can be eliminated right away.

Commercial Real Estate - Getting the Deal Across the Line

When the deal is done, it is not always completely done. It takes follow through and follow-up to bring it to settlement or occupancy. In commercial property sales and leasing, many things can delay, distract, or derail the process of settlement or closure on the deal. If you are responsible for the sale or lease in the first place, then you must follow through and be with the client all the way until the deal is totally done.

Do not ever be in the situation where the client rings you up to say the deal is off or that it has problems. Your ignorance of the events will destroy your reputation.

This follow-through mindset requires significant attention to detail and a recording of events and progress. It is well known in the industry that the intervention or involvement of solicitors in the process to final settlement is likely to slow or derail the deal. That can be for the right or wrong reasons, however you need to be there and understand what is going on so that you can respond to events and keep the client fully informed.

Making the deal happen really does involve critical stages:

  1. Signing all documentation in a timely and correct way.
  2. Giving copy of correspondence and documentation to the relative authorized parties in a timely way.
  3. Checking the receipt of all correspondence and documentation with the relative parties.
  4. Ensuring that the relative parties involved in the transaction agree with the documentation provided after they have reviewed it.
  5. Agreeing with all the relative parties that the deal is moving ahead and on what terms and conditions.
  6. Understanding any hurdles or subject to provisions to the deal which remain unsatisfied or questioned.
  7. Know who is taking the next step in the deal process and then following them up as appropriate to ensure this next step is done.
  8. Develop a mindset of questioning, checking, and qualifying all elements of information that are critical to the momentum of the deal.
  9. Communicate to your client regards every step of the transaction and any delay process that is being experienced.
  10. When any disagreements occur, document them and then start processing them or negotiating as appropriate.

Making a commercial real estate deal happen is not just about the final agreement and the signing of documentation. It is really about the attention to detail and follow through that is required following the final agreement.

Rarely will a commission in the lease, or sale be easily achieved without any problems. Your ability to follow through and protect the client and your income is fundamental to your success as a real estate agent.

Practicing Your Expertise In Commercial Real Estate Market

If you are planning to invest in Florida commercial real estate, you have to keep in mind that it is not that easy. Investing entails a lot of tasks and you might find these tasks as difficult. If you do not have the right skills to enter the commercial real estate market, then you will find yourself in the trouble.

Keep in mind that any venture requires heavy financing that is to be done expertly. And here are some the tips that will help you develop your skills.

-Choosing the right location

The Florida commercial real estate market is huge. It is covered by several cities and each of these cities has their own pros and cons. This does not mean that you have to look at all possible cities that you can enter in. In order to save more time in searching, then you have to start your search by picking the top cities. You may start searching at least cities that you want to look at. If you are planning to invest in Florida, then you do not have to worry investing the property that you want the most and knowing the pros and cons of each property and in order to make a better decision.

After you carefully check the city, it is important that you know how to look and purchase your Florida commercial real estate property. Keep in mind that you cannot do it alone especially if you are not experienced agent. You need somebody to help you with the process. Aside from the real estate agent, it is also very important to consider hiring a team of the real estate professionals.

It is better to deal with those professional services that will help you to come up with useful connections. You might want to hire a broker during the financing. Mortgage broker are expert that will, help you to come up with the several financing options. The best thing to do is to choose a team that specialize not only commercial properties but also with those specific markets you have entered.

-Study the market

One of the best ways to commercial real estate investigating successful is to check the market condition. You have to pay attention with the market condition so that you will be able to know if it is the perfect time for you to invest or not. Keep in mind that there are several indications of a good and bad market and it is up to you to gather the resources you need for your research.

Once you are done assembling your Florida commercial real estate team, you can take every single process of investment easily. You just have to concentrate with your investment venture because not all market is all the same.

Commercial Real Estate - Hot Leads and Opportunities Surround You

In commercial real estate you will come across a lot of leads and opportunities each and every day. Your ability to check these out and follow through as appropriate will reflect in your ability to convert more business. You can get opportunities from simple things such as:

  1. Watching other agents listings and signboards
  2. Checking out the time on market for the older listings
  3. Watching the changes in the business community
  4. Reading the local newspaper regards businesses and decision makers
  5. Checking out the regular changes to the planning regulations and zoning in your area
  6. Talking to businesses about the area in which they are located in case any of the neighboring properties could be coming up for sale or lease
  7. Finding the properties which were purchased or leased a number of years ago. These are likely to be the properties that will again create a fresh transaction or change.
  8. Talking to old clients and contacts

The list can go on as the variations of opportunity are frequent. It's just a matter of what you see, what you think, and how you respond given the real estate market around you.

There is an old phrase that refers to the 'quick and the dead'. It is better to be quick than to be dead in commercial real estate; checking out opportunities is up to you in every respect.

Your 'gut feeling' is just the start of the opportunity process. Gut feeling has to be explored and qualified particularly if you want more listings in a controlled fashion. Salespeople typically make four fundamental errors when dealing with opportunity. They are:

  1. They assume that they know everything regards the opportunity without asking further questions.
  2. They forget that the competitive landscape will change each and every day and they must see those changes early.
  3. When they validate information, they do so only once and do not expect a further change.
  4. Some salespeople think there is an opportunity when in reality there is none.

Validating information is therefore a skillful process of positioning yourself for opportunity. To do this you bring together a number of key skills that are critical to the listing conversion process. They are:

  1. Question everything with reasonable focus on detail.
  2. Listen to the total response you get and take detailed notes.
  3. Bring presence and relevance to the conversation so that all parties understand that you are genuine.
  4. Checking all the information you are given before you take the final action.
  5. When the information has been checked and is regarded as true and correct, then provide or give evidence of any critical matters in writing before you proceed.

Opportunity commercial real estate exists everywhere. Your ability to see the opportunity, check the opportunity, and convert the opportunity is fundamental to your a levels of listing success. Look at your market with open eyes, open ears, and a genuine intent. In this way you can convert more listings, more commissions, and more settlements.

John Highman is an expert coach in investment real estate, property performance, and tenant mix analysis for Real Estate Agents and Brokers. Learn about real performance opportunities here at http://www.commercial-realestate-training.com/sign-up-here.html

John helps brokers, and real estate agents improve their listing opportunities and commission ta

10 Common Traits of Real Estate Billionaires

Did you know that 46 out of the world's 691 billionaires made their fortunes in the real estate industry? Well, according to Forbes magazine's 2005 annual list of "The World's Richest People," this elite group have quite a bit in common between their habits, lifestyles, and business styles. Here are some unifying qualities shared by America's richest real estate moguls.

1. Go commercial. Billionaires who make their fortunes in real estate don't do it in residential. They are moguls with an empire of owned and operated office buildings, shopping centers, apartment complexes, and luxury hotels. That strategy works particularly well for "America's richest landlord," 73-year-old Newport Beach Resident Donald Bren, the wealthiest man in American real estate. This self-made millionaire, with a net worth of $4.3 billion, made much of his money as chairman of The Irvine Company, a privately held real estate investment company known for creating balanced, sustainable, quality communities like the 93,000-acre Irvine Ranch in Orange County. Finished plots sell for more than $1 million an acre. The ranch also has 400 office buildings, 35 shopping centers, 80 apartment complexes and 2 luxury hotels. Bren is 6th wealthiest real estate billionaire and the 122nd richest man in the world. He is also one of real estate's great philanthropists.

2. Do more than invest. Making big money in real estate goes beyond buying property and waiting for it to appreciate in value. It's all about improvements. John Sobrato of Sobrato Development Companies calls Atherton, home, but he made his fortune in Silicon Valley - for more than 40 years, Sobrato's SDC has developed real estate in Silicon Valley - specializing in facilities for high tech and R&D companies. Another self-made man, he began in 1953 with one of the first "tilt-up" buildings in Santa Clara County. Sobrato, who owns and manages the buildings it constructs and maintains single tenant occupancy, boasts a portfolio of $1.5 billion. His assets include land throughout Silicon Valley, San Jose, Fremont, Newark and Santa Clara and he has developed in excess of 7,000 rental units.

3. Be able to see the property for what it could be. Just because you buy a shopping complex doesn't mean that's the highest and best use of the property. Know the local zoning codes and be open to the possibilities...Los Angelino Ed Roski did just that. Roski is the founder of Majestic Realty, the largest commercial builder in Los Angeles, boasting an office, retail and industrial portfolio totaling more than 55 million square feet. The USC grad with a net worth of $1.1 billion saw the highest and best use of the formerly blighted area near the convention center and built the Staples Center with Philip Anschutz. Roski is also a minority owner of the Lakers and the Kings. Headquartered in City of Industry, Majestic Realty also has offices in Atlanta, Dallas, Denver, and Las Vegas - where they have a 400-acre business park and 3 million square feet of casinos.

4. Be tenacious and relentless. Billionaires don't let obstacles or pitfalls keep them from achieving their goals. Newport Beach billionaire George Argyros is the grandson of Greek immigrants. Argyros began by running a Palm Springs grocery. He graduated to buying and selling corner lots at busy intersections for gas stations. Turned to apartments in 1968. Today, as part of Arnel & Affiliates, Argyros manages apartments and commercial properties in southern California. He has a net worth of $1.2 billion.

5. Have a thick skin. People can be resentful and jealous of successful people. Don't let criticism of your work deter you from your goals. Consider Red Emmerson - the second wealthiest real estate titan in California. Emmerson is the largest private forestland holder in North America - assets include 1.52 million acres in Northern California, timberland stretching more than 350 miles from Mount Shasta to Yosemite National Park. For the last 20 years, while other logging companies retrenched or relocated, Emmerson, and his company - Sierra Pacific Industries - quietly grew into the second-largest private landowner in the United States. Needless to say, Sierra Pacific is a darling of environmental groups.

6. Have superior information. If you do more research than your competitors, you'll have an advantage in any transaction. Self-made billionaire Carl Berg was a loan processor before investing in Silicon Valley commercial real estate with John Sobrato in the 1960s. He struck out on own, forming Mission West Properties, a real estate investment trust (REIT) in Silicon Valley. Berg owns a controlling stake in the REIT, which focuses on single-tenant research and development and office properties in Silicon Valley. Mission West now owns and manages more than 100 properties, major tenants include Microsoft and Apple Computer. Currently, the Atherton-based businessman boasts a portfolio of $1.2 billion.

7. Don't accept the cards you're dealt. Forbes notes that while one-third of the world's 46 billionaires who make their money in real estate inherited and then grew their fortunes, two-thirds are self-made. Stockton-based A.G. Spanos Companies are known for building, managing, and selling multi-family housing units; constructing master-planned communities, and developing land. Although California based, they have expanded to build more than 100,000 apartments in 18 states since 1960. A.G. Spanos Companies have also developed top-class office space in San Joaquin County. Alex Spanos, owner of the NFL's San Diego Chargers, operates the company with his sons Dean (president and CEO) and Michael Spanos (EVP). Spanos, whose net worth is $1.1 billion has pledged $200 million to San Diego for a new stadium for their football team.

8. Live in California. Of the 21 U.S. billionaires who made their fortune in real estate, more than one-third live in Atherton, Los Angeles, Newport Beach, Palo Alto, or Stockton.

9. Get, and stay, married. Of the 43 real estate billionaires whose marital status is known, according to Forbes, 37 are married, while only three are divorced and three are widowed.

10. Go back to school. Of the 26 real estate billionaires whose educational attainments are known, 20 have a college degree or higher. Five made it on high school diplomas, and one is a high-school dropout. John Arrillaga is a big donor to alma mater Stanford University. Arrillaga + Richard Peery are two of 2 of Silicon Valley's biggest commercial landlords. In the 1960s, they converted farmland into pricey office space. Peery and Arrillaga are lifelong business partners who avoid debt, and the media. Each has net worth of $1 billion."

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Karen Hanover is well known as a Certified Commercial Real Estate Advisor, President of the National Apartment Investors Association, Chairman of the National Commercial Real Estate Advisory Board and Senior Instructor for both the Self Storage Education Institute and the Apartments Education Institute.

As a CCIM Candidate, a highly prestigious designation, often called the "Ph.D. of commercial real estate" Karen works as a busy commercial real estate agent with Marcus & Millichap one of the nation's largest and most highly regarded commercial brokerage firms.

Sought by industry insiders for their toughest deals, Karen has helped thousands to create wealth in commercial real estate with less risk even in today's uncertain economy.

Karen founded the Commercial Investment Education Institute which provides educational instruction for investors on multiple subjects including apartments, self storage, office buildings, retail centers, mobile home parks and more. Her courses are taught in a friendly and easy to understand manner.

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