Archive for the ‘Real Estate’ Category

Comments Off

Starting a Real Estate Appraisal Business

Looking for Capital to Start Your Business?

Are you wondering how to obtain small business financing so that you can turn your dream business into a reality? Would you like to know the best ways to obtain small business loans? Or maybe you want to know more about angel investors or venture capitalists. We highly encourage you to read our review of three solid resources that can help you with your new business financing in our article, Small Business Financing: How to Obtain the Capital You Need to Start Your Business.

Starting a Real Estate Appraisal Business Business Overview:

Starting a real estate appraisal business is a great way to enter the real estate industry part-time and offer a much needed service to your customers. Real estate appraisal is the act of assessing the value of a property and is typically required when a property is bought or sold. Lending institutions need to know how much a property is worth so they can determine the loan details. If you currently work in real estate, you are likely well prepared to make the transition to appraising properties. However, if you are new to real estate, you will need to do some prep work before getting too far with this business idea. You need a license to perform real estate appraisals but there are several licensing options so it’s important you know what types of properties your business will appraise. A standard license qualifies you to appraise general property sites and works well in urban areas. If you’re looking to appraise homes worth over $1 million USD, you must get a residential license. A general real estate appraisal license allows you to appraise any type of property. Each license has a different exam and will require different study materials. These licenses can be obtained through various online or correspondence appraisal schools and cost approximately $1,200 USD. If you live in the US, you need to be sure the institution you select is accredited through the Appraisal Qualifications Board of the Appraisal Foundation. Appraisal organizations vary by country. Once you are licensed, you’ll need to check your local government’s standards as some will requiring additional testing. Next you’ll need to purchase real estate appraisal software and a laptop computer so you can enter information while you are performing an appraisal. This will ensure the correct information is put into your report and a quicker turnaround time for your customers. Market your business to real estate agencies, banks and other lending institutions in your area. If you offer professional services, you are likely to get plenty of repeat business from your clients. A good way to ensure repeat business is to follow up with your clients regularly via an email or a letter. You may find the need to hire an apprentice to help you with the administrative side of your business so you can focus on appraising property.

A Day in the Life of a Real Estate Appraisal Business Owner:

Your day will begin with a check of your schedule to see what appointments you have. You will travel to a property where you will meet with the selling agent, buying agent, buyers and/or sellers. You will perform the appraisal and create a report that you will give to your client. You will also spend a portion of your day marketing your business.

About Your Customers:

Your customers will be home buyers and sellers, realtors, banks or other lending institutions in need of accurate property appraisal.

What You Need to Start:

  • Real estate appraisal license
  • Real estate appraisal software
  • Laptop computer
  • Transportation
  • Finance software

The Good:

  • The demand for real estate appraisal will always be high.
  • You will likely have repeat business from your clients.
  • You can easily run this business part-time.
  • You do not need a storefront for this business.
  • You can hire an assistant or apprentice to handle some of the work.

The Bad:

  • The licensing process can be difficult if you have no real estate experience.
  • Your business will slow down during slowdowns in the housing market.

Resources:

Technorati Tags:

Great Reasons to Start an Apartment Finder Business

Looking for Capital to Start Your Business?

Are you wondering how to obtain small business financing so that you can turn your dream business into a reality? Would you like to know the best ways to obtain small business loans? Or maybe you want to know more about angel investors or venture capitalists. We highly encourage you to read our review of three solid resources that can help you with your new business financing in our article, Small Business Financing: How to Obtain the Capital You Need to Start Your Business.

Apartment Finder Business Business Overview:

If you’ve got stellar research, interpersonal and communication skills, and real estate is “your thing,” consider starting an apartment finder business. An online business idea like this can be invaluable to people who need to relocate and who don’t have the time or the knowledge to research apartment availability that fits their needs and budget—this is where your business idea would come in. As an apartment finding business, your company would seek out apartments for your clients based on their requirements; you would set up all necessary appointments on their behalf and do all the legwork required to find appropriate living arrangements. Clients who are relocating from a distance might also ask that your company set them up with utilities and even with furniture and home decor, so you would do well to establish some contacts with those industries as well as with building owners and leasing companies. To get started with your business, you will want to have a solid working knowledge of the rental market in the area you will serve. You might also consider how you will run your business: Will you showcase your services online, will you rent a storefront, or will you work from your home office (or a combination of the three)? Additionally, you’ll need to have a solid plan for pricing your company’s service. Fees are often charged to the renter, but you can also look into creating relationships with building managers and owners who want trustworthy people to rent their apartments. You might also think about creating a niche market for your business. For example, if you plan on serving in a college town, you could be the go-to apartment finder for college students. Or you might want to focus on long-distance relocation that enables you to offer your clients utilities setup, apartment furnishing services, and moving and packing services, thereby adding to your value (and your revenue). Actually, there are many niche markets in this business that can allow you to hone in on your expertise and provide living arrangements for those in need (think vacation rentals, business space, and pet-friendly living). The market for a service like this is lucrative and open to newcomers; it’s up to you to determine how you will jump into your new enterprise.

A Day in the Life of an Apartment Finder Business Owner:

In a business like this, each day will bring a new set of tasks. Much of your daily activities will be determined by the type of client you are serving, but you will likely be communicating often with your customers and the owners of apartments in your area. Your daily work will also be determined by the location of your business; an online business will require you to devote some of your time to maintaining your website while a storefront will require you or your employees to be available for walk-in customers during your business hours. As with any business, record-keeping and advertising will be crucial to the success of your venture.

About Your Customers:

Your customers will be individuals or families who need help locating an apartment that fits their living needs—both personal and financial. They may be looking for basic apartment finding services or the whole shebang—packing and moving, home furnishing, and home decorating from your company.

What You Need to Start:

  • A business location (home, online, or storefront)
  • Business license and insurance
  • A business “home base”
  • Contacts in the apartment rental industry
  • A marketing plan
  • Financial-tracking software
  • Good people skills

The Good:

  • This business is entirely scalable to fit your needs; you can even start off very small and in the end run a multi-person company.
  • Your fee scale can go from basic to premium, depending on your clients’ needs.
  • It can be very enjoyable work, especially if you’re a people-person and you enjoy looking at living spaces and exploring their possibilities.
  • The service you will be providing is very valuable to people who need to relocate.

The Bad:

  • Before you create a strong contact list, you will have to work fairly hard establishing yourself and learning what types of rentals are available and worthwhile in your area.
  • Basic fees you earn from clients in the beginning might not be enough to cover your bills, but as you expand your business, your profits could skyrocket.

Resources:

Technorati Tags:

An Unusual Way to Enter the Real Estate Investing Business: Pre-Foreclosure Real Estate

Looking for Capital to Start Your Business?

Are you wondering how to obtain small business financing so that you can turn your dream business into a reality? Would you like to know the best ways to obtain small business loans? Or maybe you want to know more about angel investors or venture capitalists. We highly encourage you to read our review of three solid resources that can help you with your new business financing in our article, Small Business Financing: How to Obtain the Capital You Need to Start Your Business.

Real Estate Investing Business, Pre-Forclosure Real Estate Business Overview:

It’s no secret that the real estate investing business can be lucrative when done right, and now is the time to learn more about pre-foreclosure real estate. The key word here is “learn” because in this business there is truly a fortune to be made, but there is also a great deal of risk involved. As a pre-foreclosure real estate investor, you will be purchasing properties either from the owner who cannot afford to make mortgage payments on the property, from the foreclosure auction, or from the lender if they repossessed the property. Often you get a fantastic price for the property, but you get absolutely no guarantee about the property you’re buying. That means no structural inspection and no guarantees that the property isn’t marred by legal problems. Don’t forget, you still need to turn these properties around for a solid sale profit. For these reasons—and many more—you must know what to look for (and what to look out for) when investing in pre-foreclosure real estate. Beyond the need for a thorough understanding of the business, you will also want to learn more about where to locate these pre-foreclosure properties and everything you can about the neighborhoods where you find them. In this way, this business idea is perfect for hiring employees to keep up with these details while you focus on closing the big deals. Whether you choose to farm out some of the details or do it all yourself, the rewards of this business idea can be extraordinary.

A day in the life of a pre-foreclosure real estate business owner:

It can probably be said that this business has a constant learning curve so much of your free time will be spent keeping up with the changing real estate market. You will want to start each day with a scan of your real estate sources to determine if there will be any pre-foreclosures coming on the market. You will also want to maintain good relationships with any contacts you make in the real estate lending business. Some of these tasks can be delegated to employees, but you will certainly want to be present on days when a sale will go through. Finally, you will want to make sure your own finances are on track to continue your business successfully.

About Your Customers:

In the pre-foreclosure real estate business, you are ultimately the customer. You’re the one buying something, but you can consider the people you deal with customers to a certain extent. These include the property owner who is in pre-foreclosure and the lender who is trying to ensure they get the most money for the property without taking a loss.

What You Need to Start:

  • Some initial investment funds to work with
  • A thorough understanding of the business
  • Contacts to help you find pre-foreclosure properties
  • A lawyer contact for real-estate closing or to answer any questions you might have

The Good:

  • You can make a very good profit on each pre-foreclosure property you buy and sell.
  • You can decide how many property “flips” you want to tackle in any given year.
  • The business is perfect for hiring a few employees to work for you.

The Bad:

  • The amount of information you need to know can be overwhelming.
  • If the deal doesn’t go as planned, you could face a loss.

Resources:


Start This Business Today:

To start a pre-foreclosure real estate business today, we recommend you purchase Unlock the Hidden Wealth in Pre-Foreclosures. This truly comprehensive guide comes with important forms and multiple sections that can help you succeed in the pre-foreclosure real estate business. For more information or to purchase this HIGHLY RECOMMENDED book, click here.

Technorati Tags: ,

Wholesaling Houses: A Great Entry into Real Estate Investing

Looking for Capital to Start Your Business?

Are you wondering how to obtain small business financing so that you can turn your dream business into a reality? Would you like to know the best ways to obtain small business loans? Or maybe you want to know more about angel investors or venture capitalists. We highly encourage you to read our review of three solid resources that can help you with your new business financing in our article, Small Business Financing: How to Obtain the Capital You Need to Start Your Business.

Wholesaling Houses Business Overview:

We all know that real estate can be a good business investment, but did you know that wholesaling houses can be highly profitable and requires no investment? First, a primer on what wholesale real estate investing actually means. You might hear this business referred to as flipping property because that’s essentially what you will do. The initial goal is to find someone selling a home at a very low price, a motivated seller is usually what they’re called. Sellers can be very motivated for a variety of reasons—death, divorce, business relocation—and they need to get their house sold fast, hence the deep discount. Next, you’ll need to have a motivated buyer—not likely a newlywed couple looking for their dream home, but another type of real estate investor. This buyer will expect a very competitive sale price, but usually understands renovations might be needed before they can sell the house for pricier market standards. If you’re flipping houses for profit, you’re the person in the middle of the seller and the buyer, you’re the matchmaker. As a result, you need no money to make your “relationship” work. You simply collect your profit from the buyer, who you helped to find a great investment property, at the closing of the sale. This profit can run the gamut from a couple thousand dollars to tens of thousands of dollars, depending on the property. With profits like these, this is a business idea you must learn more about; your freedom from the daily grind could be literally just around the corner.

A day in the life of a wholesaling houses business owner:

Your daily goal as a businessperson who flips houses for profit is to create relationships that help you find properties with highly motivated sellers. You or your employees will have to be on the lookout for these gems every day, although establishing relationships with people who know early that these houses will be for sale (think: divorce lawyers, bankers, etc.) can make this part of the job much easier. Then you will have to touch base with the seller and explain your goal in helping them sell their property quickly. Perhaps before you even contact the seller you will want to have a list of investors who you know are looking for houses to buy at great prices. Then your goal will be to connect the buyer and the seller and hope they will strike a deal. On a good day, you will be attending a real estate closing where you will collect your profit.

About Your Customers:

Your customers in the wholesaling houses business will be twofold: the seller and the buyer. This puts you in a unique position, but your actual profits will come from the buyer, so that’s your true customer. You will be working with the real estate investor (the buyer) to ensure he gets a good price and you get your assignment fee.

What You Need to Start:

  • An understanding of the business
  • A property being sold for a very discounted price
  • A real estate investor looking for a property to buy at a very discounted price

The Good:

  • There is little to no initial investment to start your business.
  • Profits can be very high.
  • You can build your business as quickly as you want.
  • You can hire employees to do most or all of the work.

The Bad:

  • You have to know how to grab these properties before others do.
  • You have to know real estate investors who will buy the property.

Resources:


Start This Business Today:

To start a wholesaling houses business today, we recommend you purchase Wholesaling Houses. This complete guide offers invaluable information on how to get into the business and how to achieve success in the business. For more information or to purchase this HIGHLY RECOMMENDED book, click here.

Technorati Tags: , , ,

Buying Apartment Buildings: What You Need to Know to Start an Apartment Business

Looking for Capital to Start Your Business?

Are you wondering how to obtain small business financing so that you can turn your dream business into a reality? Would you like to know the best ways to obtain small business loans? Or maybe you want to know more about angel investors or venture capitalists. We highly encourage you to read our review of three solid resources that can help you with your new business financing in our article, Small Business Financing: How to Obtain the Capital You Need to Start Your Business.

Buying Apartment Buildings Business Overview:

If the idea of investing in lucrative commercial real estate sounds like the business for you, consider buying apartment buildings and jumpstart your future. Buying an apartment building can be an excellent way to look after your financial health, and it can sometimes be started as a second-income job. There are so many opportunities to get into the apartment business—especially with the number of building foreclosures and the availability of low-interest loans—that now is the best time to learn more about apartment building investing. With a little guidance on how to buy apartment buildings, where to get your start-up capital, and how to manage the business once you buy in, you can be on your way to successful apartment building business ownership in no time. The best part of this business idea is that it can be extremely profitable in both a secure economy and in a shaky one. Like a game of Monopoly, you can grow your business at the rate you’re comfortable with—you can own and operate one small apartment building if that suits you, or you can construct your future with one building after another. Whatever your goals, the apartment building business can be your ticket to financial freedom.

A day in the life of an apartment building business owner:

This business certainly will have its share of bullet points on your To Do list if you want it be successful. Though your tasks will differ depending on if you run the building or if you have a building manager, you will certainly want to keep abreast of the legalities of property rentals as well as the financial viability of your property’s tenants, and you’ll want to do this as part of your regular tasks. You will also want to make yourself available to your tenants or check in with your building managers on a daily basis to ensure the smooth running of your building. Of course, you will spend a good chunk of your time keeping your records in meticulous order and tending to any prospective tenants or maintenance issues that crop up.

About Your Customers:

Your customers in the apartment building business will be individuals, couples, and families seeking apartment-style living in a safe, clean, and affordable rental building.

What You Need to Start:

  • A commercial realtor
  • Financial-tracking software
  • A loan to buy the property
  • Insurance
  • A handyman

The Good:

  • One small building can be profitable enough to become your sole source of income.
  • You can turn one property into a series of property ownership and increase your profits considerably.
  • Though it takes hard work, the apartment business can be an exciting venture with very tangible returns on your efforts.

The Bad:

  • Finding a solid property can take time and effort.
  • If you are the building owner and manager, you will need to ensure the proper daily maintenance of the apartments. This can be a full-time job.

Resources:

Start This Business Today:

To start an apartment building business today, we recommend you purchase Buy Your First Apartment Building. This e-course can help you plan for your first investment and can help you avoid some of the major mistakes first-time business owners sometimes make. For more information or to purchase this HIGHLY RECOMMENDED course, click here.

Technorati Tags: , , , ,

Virtual Real Estate: What You Should Know When Buying and Selling Websites

Looking for Capital to Start Your Business?

Are you wondering how to obtain small business financing so that you can turn your dream business into a reality? Would you like to know the best ways to obtain small business loans? Or maybe you want to know more about angel investors or venture capitalists. We highly encourage you to read our review of three solid resources that can help you with your new business financing in our article, Small Business Financing: How to Obtain the Capital You Need to Start Your Business.

Virtual Real Estate, Buying and Selling Websites Business Overview:

If you want an online business with a high profit margin, consider buying and selling websites, also known as the virtual real estate business. The art of selling websites is an extremely lucrative business idea and it is very easy to do. All you need is a computer, a few hours a week and some tips from experienced “realtors” to get started. Did you know that there are hundreds of ready-made websites for sale online everyday? There are also many free resources that can easily and quickly be turned into websites and sold for a high profit margin. If it’s so easy and profitable, you may be wondering why everyone doesn’t buy and sell virtual real estate. As it turns out, this is a little known entrepreneurial option and you can be one of the first to make thousands of dollars starting your own virtual real estate business. It’s a great online business idea considering you need few marketing or technical skills and it will only take a few hours a week to turn a decent profit.

A day in the life of a virtual real estate business owner:

A typical day for a virtual real estate business owner will start with a check for any new websites that can be bought at a relatively low price. Once you have educated yourself, you will know what to look for as far as price and quality in order to “flip” it and make a profit. You will also need to work on any current projects and get them ready to put back on the market. Finally, you may spend a little time every day searching for free resources that you can acquire in order to re-market them in a different format.

The Good:

  • The return on investment is huge.
  • The number websites available to flip is virtually unlimited.
  • You can locate free material and make 100% profit by reformatting it.
  • There are no supplies to buy.
  • You never have to leave your home to run this business.

The Bad:

  • If you’re unfamiliar with the virtual real estate market, it may take a little time to get educated with the process.
  • Building up your client list can take some time and patience.

Resources:

Start This Business Today:

To start a virtual real estate business today, we recommend you buy Virtual Property Tycoon. This kit will give you everything you need to know to get started in the virtual real estate business including where to find websites to buy, where to find free products to turn into profit, legal loopholes that will make you money, and much more. For more information or to purchase this HIGHLY RECOMMENDED kit, click here.

Technorati Tags: , ,

The Home Staging Business: What to Know Before Getting Home Staging Business Training

Looking for Capital to Start Your Business?

Are you wondering how to obtain small business financing so that you can turn your dream business into a reality? Would you like to know the best ways to obtain small business loans? Or maybe you want to know more about angel investors or venture capitalists. We highly encourage you to read our review of three solid resources that can help you with your new business financing in our article, Small Business Financing: How to Obtain the Capital You Need to Start Your Business.

Home Staging Business Business Overview:

If you love to decorate and have a great eye for design, consider starting a home staging business. As a professional home stager, you will help realtors and home sellers bring in top dollar for the homes they are selling by decorating and staging their homes so that they show well to buyers. While home staging as a business is fairly new, it is a rapidly expanding market as sellers are realizing the high impact a well-staged home has on potential buyers. A good home staging business plan includes detailing how to attract clients to your services and outlining the best ways to improve a home showing on a restrained budget. No certification is needed to be a topnotch home staging business owner and it provides a great outlet for creativity. If you enjoy decorating, are good at multitasking, and want to control your own schedule, this may be the perfect business for you.

A day in the life of a home staging business owner:

The best part of being a home staging business owner is that there is no typical day. On some days you may be meeting with potential clients to explain your services and pricing. Another day may find you meeting with clients to explain what you are proposing for their home or shopping for products that they will need. You may find yourself having several days in a row where you are actually implementing your design ideas in the homes of your clients. Each day is as varied as the homes you are staging.

The Good:

  • The ability to create your own schedule and work independently.
  • Very low startup costs.
  • Fantastic creative outlet for those that love to decorate and design.
  • Wide variety of tasks and objectives to meet every day.
  • Home staging pays well, usually based on an hourly or daily basis.

The Bad:

  • Home staging is a fairly new business concept and no long-term trends are available yet to predict how recession-proof this business may be.
  • Some clients may have restricted budgets requiring extreme creativity to accomplish what they want without buying many new decorative items.

Resources:

Start This Business Today:

To start a home staging business today, we recommend you purchase the Home Staging Success manual. Not only does it cover all the information you’ll need to get started, but it includes all the forms you will need as well, from proposal forms to agent contact data forms to business checklists. For more information, or to purchase this HIGHLY RECOMMENDED book, click here.

Technorati Tags: , , ,

CONSUMER NOTICE: This is an affiliate ad supported website. That means if you buy something from a link, or ad on this website,
or based on our recommendation, either expressed or implied, we may get paid an affiliate commission. That's how we pay the bills.
Affiliate Agreement | Anti-Spam Policy | DMCA Notice | External Links Policy | Earnings Disclaimer | Privacy Policy | Terms and Conditions | Compensation Disclosure | Refund Policy | Video and Audio Terms

Copyright © 2010 - 2012 Business Ideas and Avenue 81, Inc. Contact Information: Avenue 81, Inc., 2885 Sanford Ave SW #13607 Grandville, MI 49418 USA Phone: (888) 329-4905 Email: claycollins@ave81.com