Category: Real Estate

Luis Enrique Coll’s Guide to Real Estate

Posted by on May 10, 2018 in Real Estate

Luis Enrique
Luis Enrique
Real estate can seem to be an intimidating industry to get into. Whether you are an average joe, someone who has an intermediate knowledge, or even an expert, you may come across a set of challenges which may still come as a surprise when buying and selling properties.

Despite the challenges, real estate keeps itself as one of the most profitable industries. Property never depreciates in value, and there are a lot of agents gaining profits from buying and selling homes and commercial units. According to Luis Enrique Coll, a real estate expert, here are some real estate investment statistics:

  • Residential real estate investing is in a boom because of the home flipping business
  • Foreclosures can be brought in public markets, which make it accessible for others finding a home
  • Some real estate agents who own properties for rental proved to be a billion dollar business

Given the benefits of real estate investment, many people are not sure about the basic principles in becoming an agent. In this post, we will be looking into Luis Enrique Coll and his guide for the basic principles you need to understand before getting into the real estate business.

Luis Enrique Coll’s Guide to Real Estate

1. Get educated, then get started

Real estate is a complex business, but it is highly profitable at any point in time. The best part about real estate investment is that they give such a high return for a short period of time. Unlike other business models that only give your trickles of profits, real estate can give you returns in bulk.

Consequently, these high returns means that you would also need a larger pocket of money to invest in. There is also a bigger risk when it comes to this type of industry. This is why you need to get educated about the type of real estate niche you choose, then get started right away. There is no wrong time to start in real estate.

2. Establish a good line of credit

If you are planning in becoming an agent or an investor, it is very important to have a good line of credit. There is just an element of trust that comes along an investor with a good credit.

This also gives you the ability to purchase property, recommend property, and get loans which you may be needing to expand your business. Although not a firm requirement, it can help you gain a leverage compared to other investors who cannot scale their business because of poor credit score.

To improve your line of credit, make sure to pay your bills on time, pay your other property mortgage, and be able to record other alternate lines of credit to help you strengthen your score.

3. Start with residential real estate investments

If you are not sure about the real estate niche you will be picking, you might want to start on residential real estate. This niche has proved to be an easy entry point, and would yield quicker profits over time.

New families who are starting their lives together are looking for a home, additionally, people who are moving cross-state may also be looking for a place to stay, either for rental or purchase. People constantly look for this because having a home is a necessity. That being said, it will be easier to find a residential client than a client who is looking for a commercial unit.

As a real estate beginner, you can try getting into residential investments initially.

4. Start your team with trusted individuals

No real estate investor is an island. In fact, a lot of successful investors have networks where they are part of. Through these networks, they are able to find potential customers, and they can get referrals and pass on referrals when needed.

Additionally, your team can help you promote properties, add their knowledge, skills and expertise in help closing out sales for potential customers.

5. Invest in progressive locations

When it comes to real estate, some investors would attest to this quote: “Location, location, location.” This means that you need to invest in sites where people like to live in, where there are great opportunities to start a life, build a career, or be a part of a community.

Progressive locations are your best bet to be successful in real estate. Investing in properties where there is low population, poor opportunities, and other unlikely livable conditions may not be the best idea no matter how affordable you brought the property for.

By keeping mind these fundamental principles, any real estate investor will be able to succeed in the business. It takes moments of learning, steps of action, and continuous progression to earn the best profits when getting into real estate.

Why AI Is Going to Have a Significant Impact on the Real Estate Industry

Posted by on January 4, 2018 in Real Estate

AI or artificial intelligence has become a major factor in modern society. It helps protect people from identity theft and credit card fraud because it can tag photos. It performs tasks, is critical for web development, synthesizes information, and categorizes data. As a futurist, David Lubbat has seen the potential of machine learning in all fields, including real estate. This new technology touches buyers, sellers, renters and real estate professionals. Despite the possibilities, the technology is complicated, but there are numerous benefits for renters in the future.

Artificial intelligence is being used to streamline the procedure for property managers, landlords, and tenants. Property managers are able to recommend management and maintenance tasks, locate new tenants, and find vendors at a lower cost of advanced machine learning. Tenants now have the convenience of paying their rent on the internet, and the chatbots feature enables them to report any issues they are experiencing quickly and easily. This type of technology is fixing a lot of the problems so common to buildings with numerous tenants. Property managers can accurately anticipate and respond to tenant issues without any guesswork involved. This makes the process much smoother for the managers and owners of the buildings.

Chatbots are starting to completely change the field of real estate, and the way business is being conducted. While it is true that it takes a human being to take interested buyers on an actual tour, virtual tours are gaining in popularity and momentum. There are bots capable of answering a wide variety of questions concerning the terms of the lease, the square footage, and many of the most common questions asked in real estate. As the web development and machine learning continue to advance, the bots will be able to answer more questions and even accommodate many of the nuances. This is having an impact on every area of real estate. Commercial real estate brokers are using a platform powered by machine learning to locate and lease office space. The chatbots are finding small to medium sized locations for commercial clients. Please take a moment to browse David Lubbat and his views.

Machine learning not only enables bots to correctly answer the question, if the bot does not know the answer, the call will be transferred to a human representative. This is increasing the number of leads generated and combines the worlds of humans with machine learning. The biggest concern regarding this new technology from the realtors is job automation. There have been a lot of predictions in every industry, and during the next twenty years, fifty percent of the current jobs may be threatened by technology. Many people do not believe this technology is harmless, and are afraid of the possible repercussions in the future. As this concern starts to spread, it is imperative society prepares for significant changes in the workforce of the future.

There are two distinctly different thought processes concerning the new AI technology and the effect this will cause for the real estate agents. The first is the core capabilities of real estate agents can be improved through cognitive computing. The agents would be unified, and their services significantly improved. The second thought process is machine learning could effectively eliminate the need for many of the services provided by the agents. If this occurs, the belief is the only remaining agents would be specialized practitioners. The real estate business must be extremely careful how much of the new software and technology is integrated into the field. The optimal solution would be to increase the efficiency of the process for the buyers and renters, without jeopardizing the jobs of the property managers, brokers, and agents. The changes cannot be ignored because the process has already been set in motion.

Many individuals are expecting a lot of future layoffs for the real estate agents. Although there is currently no solid answer, many people in the field believe there is a way to use AI to support the real estate industry without humans losing their jobs to machines. Technology must be implemented to make businesses human side stronger and more competitive, not eliminate the human factor. This encompasses relationship building, emotional intelligence and customer service. The new technology does offer the real estate field a lot of advantages. There may come a day when new apartments and houses will be shown by robots. The expectation is robots will eventually find roommates, answer complex questions and match the skills of the real estate agents. The change is evolving, and hopefully, human and machines will be able to work together to improve the field.

How 3D Rendering Changes the Way Realtors Work

Posted by on August 16, 2017 in Real Estate

3D rendering is an impressive feat of technology which has just recently entered the field of architecture. Companies like Renders 3D Quick can help clients take ideas or floor plans and turn them into realistic three-dimensional images. How does this change the way that realtors work?

 

Imagine that you are describing an idea for a new building. You can imagine it in your mind, but can only use words to describe it. Now think about how powerful it would be to give someone the exact same images that you can see in your mind. You could show them the shining window surfaces, the way the roof is angled, and the way it would feel to walk into the building. These powerful images could help you sell your idea. In addition, a three-dimensional rendering of a place means that real estate agents clients no longer need to be physically present in order to experience a space. Let’s go over both changes.

 

Real estate agents know how powerful visuals are when it comes to selling. They might have to wait for a spec house to be built so that they can walk potential buyers through the room and show them what space looks like. With three-dimensional rendering, a real estate agent could begin selling a home before the home is even built. Instead of just describing it, they could ask a company like 3D Render to make a complete three-dimensional virtual reality visual of the house. This would give the potential buyer a visual experience of the house, and the real estate agent could sell it before it is even built.

 

The second major change for the way Realtors work will come from the physical location aspect of making a sale. Instead of waiting for busy times of the year or fluctuations in a tourist economy, a realtor will have the power to make sales regardless of the physical location of the customers. This opens new avenues of marketing and customer targeting. Realtors from any area can now target customers in any area of the world, regardless of the convenience or ease of attending a showing. A potential buyer will no longer need to be physically present in order to see a three-dimensional model, visually, of what the house or space looks like. Because a virtual reality space can be multiplied an unlimited amount of times, a realtor can “show” space virtually much more times than he or she could physically show it.

 

A three-dimensional image of a building is much more impressive than a two-dimensional photograph or floor plan. Although the potential buyer will want to eventually walk through the property in person, the 3D image will go a long way towards giving them a feel for space.

 

Real estate agents have been leveraging 3D images since the products first became available. Agent Shawn Battle is one example of a real estate agent who began using 3D imaging early and has found success with it. Do you use 3D imaging in your real estate practice? If not, do you think that you want to try it?

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5 Tech Tools That Make Home Buying Easier

Posted by on May 25, 2017 in Real Estate, Technology

The process of buying a home can be an enjoyable experience when you have the right tools. Many factors go into the buying decision. Technology has made it easy to collect, analyze and share resourceful information quickly. This enables you to make decisions faster than before and simplify the process. Consider factors such as the location, cost estimates, a reliable realtor, moving, decorating your new home and keeping up with property tax.

Let us look at five tools that can make the process of buying a home easier.

 

  1. Real estate directories and search engines provide a convenient way to find important information about a home. With an internet connection, you can search, view locations and prices, and read reviews about specific localities. Some of the popular services include Zillow and Trulia among many others. You can obtain useful information such as local amenities, transport systems, and home value trends. It is an excellent option to help you figure out where to buy.
  2. Mobile phone apps have become the first stop in our search for information. The real estate sector enjoys a variety of applications that enable you to obtain and process information. There are real estate apps to allow you to get an intelligent agent, estimate the amount of mortgage, view floor plans of proposed houses, plan your move, and decorate your house among others. The apps are cross-platform and available to all devices making this a convenient way to accelerate the home buying process.
  3. Online maps and GPS services provide a convenient way to get a visual impression of the location. Google Maps is an excellent option but compare with available local providers offering niche information. GPS systems come as a standard in most vehicles today, and this makes the perfect case to take a trip out to a proposed home. Updated maps provide a realistic presentation of the location.
  4. Everything looks better on video. Modern digital cameras and mobile devices allow inexperienced users to take clear videos. Aggregate and edit the videos to highlight important sections. Streaming services are available to enable seamless sharing. A video is an excellent way to virtually walk through the property and document different options for quick comparison. It’s a great way to capture the details that cannot be included in the documentation.
  5. Media sharing services enable consumers to share large files quickly. Services such as Google Drive and Dropbox enable you to upload files for online storage and easily share with friends and associates. Social media sites are easily accessible from most mobile devices. They are designed with media sharing as a core element of the service and provide an excellent platform to get feedback on various aspects of the property.

 

As the buyer, you are the target consumer of a lot of information. Tech tools help you collect, analyze, and share information flawlessly. Explore your choices and find a system that works to lower your logistical costs, enables quicker decision and smoothens an otherwise complicated process. Working with professionals such as Martin J. Stallone is a great way to guarantee that you get the information you need to purchase your next home.

5 Real Estate Photo Tips

Posted by on May 8, 2017 in Real Estate

1. Make Good Use of That Tripod.

What’s it even there for if you never use it; am I right? Pull out that sucker and show the positioning field of scope what it’s all about, my friend; you’ve got the power. HDR techniques are especially useful with a good tripod by your side. There’s so much more that a tripod allows you to do as it frees your hands and mind even more.

2. Bring Plenty of Flashes with You.

You never know when you’ll need them, and it’s usually when you least expect to use them. This has been the case with multiple new or seasoned photographers, and a good real estate photographer should be no less professional when he takes that money shot.

Whether in daylight or night-time darkness, you’ll be prepared.

3. Work within a Specified Contract, and Never Let It Leave Your Side.

As obvious as this fact would appear to most, you would be surprised to note the number of people that often fails to consider it or value its importance. The result is astounding, yet the simple point must be likewise repeated: Always read the fine print and understand it first. Never enter a contract until you’re fully certain of its terms and implications even if you assume that you know every dot and tittle. It never hurts to ask before signing away; in fact, it’s your right to do so. Keep your contract with you in case you need to review or address a part of it to the client.

4. Be Flexible and Relax: You’ve Got This. Open Yourself to the Possibilities.

The f word is key in this industry, and I don’t mean the f word that you’re probably thinking of: I refer to flexibility. This is an industry that requires much re-scheduling, re-shooting, re-pricing and overall re-planning. Are you prepared to handle such a flow? If not, then this may not be the best choice of careers for you. Sometimes the client or your boss will say, “Scratch that” and begin a new line of thought, leaving you scrambling to pick up the pieces within the looming deadline.

5. Make Pre-Set Editing a Friend.

This saves you both time and extra effort in the long run. Different cameras have varied settings for this with some far more elaborate than others and others far more elusive – yet nearly all professional cameras feature these settings unless yours was made before 1990 or some similar time. All joking aside, this is the first thing that you should do after you get your new camera: Learn its settings and features as you diligently browse that manual. Memorize the pre-set options so that you can use them as needed, and then apply them to your settings manually or automatically.

Rocco Basile has much to offer, so listen up. This special leader offers more tips on his main website. Check it out.

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CreditUpdates.com New Partnership to Help Homeowners Prepare

Posted by on July 13, 2016 in News, Real Estate

Purchasing a new home can be stressful and emotional for everyone involved. There are many steps in the real estate journey from finding a trusted realtor to researching neighborhoods. Before beginning the journey, prospective homeowners should gather their financials. A new partnership between CreditUpdates.com and ScoreApprove will help streamline this preliminary step in the home-buying process. Using the ScoreApprove web application, agents are able to invite their prospective homeowners to a free Home Affordability Assessment. Upon completion of the assessment, a Home Affordability Certificate is given with an estimate of the customer’s home-financing capabilities and TransUnion credit score provided by CreditUpdates.com. This new partnership offers some relief in an often long and strenuous process.

Jared Londry’s Recent Commercial Sales Illustrate More Than Just the First Rule of Real Estate

Posted by on April 28, 2016 in Beach, Real Estate

Jared Londry Realestate brokerCommercial real estate broker Jared Londry has been principally involved in some of the most impressive recent sales in the Charlotte area and beyond, and there is a great deal to be gained by other brokers seeking to achieve a similar degree of success in their own brokerage efforts. Of course, the commercial properties in which Londry represented sellers in transactions yielding as much as $39.5 million and quite a few others of well over $7 million were located in areas in which rapid business growth has contributed to an increase in demand for commercial real estate.

While the importance of location with regard to all real estate properties is an enduring and undeniable truth, the role played by Londry and his firm should not be overlooked and certainly should not be minimized. Preparing for and executing any sale of such magnitude requires quite a bit of expertise and diligence, and consistently executing sales such as these cannot be done well without a strict attention to detail and a work ethic that goes above and beyond any and all reasonable expectations.

Buyers of these kinds of properties do not make the decision to go ahead with such a sizable commercial real estate investment without performing their own due diligence and research, but it is worth noting that the buyer’s decision-making process can be aided by the broker representing the seller if they are able to provide the kind of comprehensive and relevant information all potential buyers need to evaluate before feeling comfortable enough to approve the transaction. This often requires the broker representing the seller to perform research that reveals what each buyer is seeking in a commercial property and what features they are likely to value most.

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Michael John Mally Gallery

Posted by on April 25, 2016 in News, Real Estate

Michael Mally ponders life and contemplates the world along the ocean.
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Behrman Communications on Researching Real Estate Investment Strategies

Posted by on April 15, 2016 in Real Estate

 

 

Two generation family looking at a house for saleIt is an unfortunate truth of real estate investing that far too many first-time investors fail to properly research all of the various factors that will have an impact on the eventual outcome of the investment. A public relations and brand building firm such as Behrman Communications would likely compare failing to properly research a real estate investment as similar to walking into the offices of a publication for a deskside meeting without having read the publication or having made any attempt to develop even a modest understanding of the publication’s subject matter.

The difference, of course, is that the worst possible outcome for improper deskside meeting preparation is a missed promotional opportunity. The worst possible outcome for improper preparation for a real estate investment, on the other hand, is a potentially devastating financial loss. This is why there must be such a tremendous emphasis on proper preparation through a consistent commitment to researching real estate investment strategies.

It’s also critical for investors to understand the unique factors that may have an effect on the market in which they are considering making an investment in real estate, as market research is going to be every bit as important in ensuring the best possible return on investment as any other factor. One thing should remain clear, however, which is that failing to properly prepare for such a sizable investment through an appropriate commitment to research will result in greatly enhancing the risks associated with an investment that already carries a significant degree of uncertainty.

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Ironfish Reviews Evaluative Strategies for Successful Property Investment

Posted by on April 12, 2016 in Land, Real Estate

lawn-768316_960_720Assistance and support can come in many forms, and first-time property investors ought to be well aware of the fact that any kind of guidance that does not include education will leave the investor without the skills necessary to properly evaluate future properties. This is why Ironfish reviews its practices often to ensure that its clients are getting a full range of support that includes a clear focus on educating and empowering clients in such a way that each client is able to become increasingly confident in their ability to quickly and accurately evaluate the potential value of an investment property.

Many investors quickly learn that there is tremendous value in securing properties during the pre-public phase in order to avoid the demands of the market inflating the cost of making the initial investment. There is also a clear value in securing turnkey properties that have been completely vetted as a potential investment before making a commitment to purchase the property, and, as any real estate agent would likely be quick to note, beachfront and properties with scenic views are always in demand and tend to be easily moved regardless of the state of the market.

For first-time property investors, developing an understanding of the basic property investment principles is of paramount importance, but these first-timers also tend to be exceptionally eager to get started as well. This is why investors would be wise to seek out an investment program that offers guidance for developing a personalized strategy while also seeking to inform and empower the investor at the same time.

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