Real Estate Investment Consulting
Amanda and Jason Painter have been active real estate investors for the past 8 years. We have bought, sold, flipped, flopped, turned and burned. We have had some great investments and some not so great ones over the years. In the last 4 years, it seems as if anyone investing in real estate could do no wrong. Those times may be over, at least for the short term.
You’ve no doubt heard all the great stories of someone’s house doubling in price over a year period and someone making a bundle. You have heard about the guy that bought some condo preconstructions, only to have them go up in value over 100k before they were even built. You hear of the fellow that bought a lot here in Englewood for 3k four years ago, and sold it last month for 60k. When a market is booming, everyone is eager to get their hands in on the action. The problem is, whenever you finally realize that the market is white hot, you may have already missed the boat. You may be the person coming in and buying at the high point.
No investor wants to be this person. Notice that you never hear stories of the guy that lost 100k when he had to sell his lot because the balloon payment on his interest only mortgage came due. You don’t hear these stories because they don’t help the market, and they don’t sell newspapers. I assure you that these stories are out there, and with current market conditions, may become more prevalent. The current market is very different from the one just a year ago. There are still many opportunities out there, but it’s not as simple as it once was. A savvy investor must use all the tools and knowledge at his disposal to make informed decisions. This knowledge is the key to informed real estate investment decisions.
If you fancy yourself a real estate investor, or would like to learn to become one, there are many avenues to follow. You can buy books such as “The Unofficial Guide to Real Estate Investing” or “Flipping Properties,” two of our favorites. You can go to investing seminars or join investment clubs. (Beware, as many of these seminars and clubs are really just trying to sell you something, or to get hooked into a multi-level marketing scam.) You can even invest your money in Real Estate Investment Trusts or REITs and have someone else manage your real estate ventures. The best route is to just go out on your own and do the investing yourself. I would tell you to use a Realtor that will send you the “hot deals” but this unfortunately an oxymoron. If the deal truly is “hot” most Realtors will keep the deal for themselves or have friends or family members purchase it. You probably won’t get approached with a truly great deal from a Realtor, you need to find these yourself. You can and should use all of the tools on this website to do your own research. You can search the 4 mls systems, set up a hot sheet, and read all the buying, selling, and investment tips. Buy some books and magazines and read up on real estate investing. When you are ready to make a move you can hire a consultant for a small fee to make sure you didn’t miss anything. Realtor’s are bound by the code of ethics that preclude them from buying a property that you bring to their attention. You do not have to worry about the realtor stealing your property from under you as this would be a serious infraction, one that could cause the Realtor to loose his or her license.
Jason and Amanda Painter offer real estate consulting to our customers as long as they employ us as their exclusive buyers agents. If you are using another Realtor and would like to purchase our consulting services, we charge 100.00 per hour. Please use the contact form below if you have any questions about any of our services or would like to hire us as consultants or as buyer’s agents.
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