Atlanta Investing Policies

Real estate investments are very rewarding and they can also be very profitable. If you are just starting out in the investment world you may want to do a little research before you get started so you can educate yourself on the process. There are also some insider secrets that can help you get ahead in the market.

Plan Ahead
Before you decide to invest you will want to have a clear plan of what you want to accomplish when you invest. This can be the types of properties you want to invest in, how much money you are willing to invest, how much money you want to make or how much time you want to spend with your investments. You will also want to have your finances in order before you begin to minimize your risks.

Consult Ahead Of Time
If you can, sit down with an experienced investor that works in your local area. This person can help give you an idea if your plan is realistic or not. You should also speak thoroughly with your bank, any partners you have, etc. before making a final decision or going ahead with the process.

Persistence
There are going to be a number of ups and downs during the time that you invest and you should be prepared for this. Your first investment is going to be exciting but don’t get too carried away and don’t be surprised if things fall through. Persistence is what sets one investor apart from another.

Have Time On Your Side

You might be eager to get going with your investments but take your time. Paying attention to the process can help you make good investments rather than bad ones. Always do your research ahead of time and this can prevent transactions from falling through.

Your Reputation
In the world of Atlanta investment property your reputation is very important. Everyone in the business in one given area learns to know who one another is. If you have a good reputation for being a smart business person then more people will want to work with you in the future.l

It might be tough to follow all of these tips right away and at one time but if you can practice these things as you move through the world or Atlanta investment property then you will find great success. Be yourself and let your great work ethic show.

Invest With the Experts!

I am sure you have  heard and read about real estate wholesalers, who possess the skill and knowledge to be highly successful  in the  real estate investment market. Who are these real estate wholesalers? Are they brokers? Are they intermediaries between the sellers and buyers, working with an objective to earn commission by linking the two parties?

The truth of the matter is Real estate wholesalers work with the primary objective of providing opportunities, knowledge and resources to real estate investors interested in foreclosure investing.

More about real estate wholesalers

•    Thanks to their immense contacts and acquaintances, real estate wholesalers can help investors  acquire a property matching their investment goals, limitations and expectations. What’s more, investors can find their property without shuffling through the innumerable newspaper, TV and online ads.

•    Real estate wholesalers are customer-centric and work with the motto of making the investors’ real estate journey successful and hassle-free.

•    Real estate wholesalers possess unsurpassed knowledge about the real estate market, fluctuations, property value and more. Investors benefit significantly from their experience and expertise.

•    Real estate wholesalers lead investors to the best finance options available for them.

•    Real estate wholesalers educate investors about the laws governing real estate investment in Atlanta investment houses.

•    Real estate wholesalers negotiate the deal with the seller on the buyer’s behalf.

One such real estate wholesaler possessing all these qualities is New Western Acquisitions. They work with the single motive of client satisfaction and success.
New Western Acquisitions is certainly the ideal destination for all real estate investors.

Success Unlimited!

My Success story with New Western Acquisitions :

I would love to share my success story with Atlanta investment property. I had been working in a real estate firm for the past 20 years. However, I got laid off a while ago. On my friend’s suggestion, I decided to try my hand at the foreclosure real estate investment market. I hired the expert services of New Western Acquisitions, one of the best real estate wholesalers to help me begin my new journey.

From my meager savings, the real estate agent helped me find a promising property. I was able to purchase this property at a great bargain; for $40,000. The property was in a great neighborhood; but needed extensive repairs. The renovation costs came to $20,000. The real estate agent at New Western Acquisitions introduced me to licensed contractors, who undertook the tasks quickly and efficiently. The distressed property was transformed into a place called “home” in a short span of 4 months. The real estate agent then helped me find a buyer for the transformed property. We received a fantastic offer and sold the home for a whopping $95,000.

Although I have been in the industry for quite a few years, I had never ventured into purchasing foreclosures. Although I read success stories of investors making attractive profits in foreclosure investing, I was jittery at trying my hands. Thanks to New Western Acquisitions; even I have a success story to boast of.

The exit plan

With rising foreclosures in the American neighborhood, you must have surely heard of real estate investors making attractive profits in foreclosure investing. While some purchase the properties at great bargains, refurbish it, then flip the property, others hold the property after restoring it  and wait for the prices to appreciate before making the sale. In the meantime, they lease  the property and earn a fixed monthly income.

Investors choose different exit strategies based on their investment goals and expectations. If you too intend to invest in Atlanta investment real estate, just remember to plan out an exit strategy before purchasing the property.

Whether you intend to sell or rent out the property, conducting a thorough research of the neighborhood and understanding buyer’s needs is essential before purchasing the property. Whatever the goal, it is advisable to do an accurate assessment of the neighborhood to determine the demand for sale or rental properties. For instance, if you are looking at renting out the property and the market there does not have a demand for rental properties, you might eventually end up with a vacant property. Similarly, when you are renting out the property, assess what tenants are looking for in the house. Determine what the other houses in the neighborhood are like. If the neighboring homes have garnet counter tops, hardwood floors, tiled showers,  then it is advisable make those same upgrades to  the property.

It is important to do the math and make clear estimates of all repairs, labor, marketing as well as  including utilities and monthly payment costs on the loan until the property is sold or rented . Your investment value is equivalent to the purchase price plus the repairs and rehab costs. Estimate the repairs cost and sale price to understand if the investment is profitable or not. Through estimates, you will also understand if flipping is preferable to rental or vice versa.

Ultimately, patience and research is the key to successful real estate investment. Thus, whatever the exit strategy may be, do your research before proceeding  ahead to avoid being left with a vacant property.

See the exit door before entering!

Investing in Atlanta wholesale real estate is indeed a promising and lucrative opportunity. While many real estate investors are looking forward to make money via Atlanta real estate investing, they fail to focus on the exit strategy.

You would have spent a few thousand dollars on purchasing a foreclosed property and a few hundred dollars in rehabbing the same. What if the property does not sell after all the investment made? What if there are no prospective tenants approaching? What if you are unable to demand the expected sale price?

The carrying and maintenance costs of a vacant property would easily eat into the investor’s expected profits. Therefore, investors need to have their exit strategy in place before entering this lucrative investment opportunity.

A smart solution is to plan the exit strategy while entering the new arena. You have to plan depending on whether you wish to generate “quick money” by flipping properties or generate a fixed monthly income and strong equity by renting the property. In case, you wish to go for the buy/fix/rent strategy, then you need to find out if there is a rental market in the concerned neighbourhood. You need to rehab the house in tune with the current trends, so as to attract tenants. You need to conduct a similar research even if you intend to choose the buy/fix/sell strategy.

Research and patience is the key to successful foreclosed property investment. Else, you might be burdened with the carrying and maintenance costs of a vacant property.