Retirement Money And Real Estate

Retirement fund and real estate are somehow significantly related. But not when you say you will invest your retirement fund after you retire because that would be a little too late. Tying up your retirement fund to real estate is a one of the best ideas that you can incorporate to your plans now. It may not make sense now but it will in the future.

Looking at it in real property’s view, buying a home is a long term investment considering the fact that real estate property value appreciates in time. Waiting for your retirement money to invest is not a smart idea. Start paying off for a house before you retire where you can use your retirement money in other investments, or vacations with your loved ones. That sounds a rewarding yet profitable kind of retirement.

You can invest on fixed interests, bonds, or mortgage funds. These are also wise ways to invest your money now for your retirement aside from your retirement plan. You can see your money multiplying as the economy grows and prosper. But if the economy falls, the same thing will happen to your investment. And you can never blame anyone as well as you can never get it back.

Property investment and retirement are beyond question connected. A clever attitude in planning for a wise investment strategy is when you “Begin with an end in mind.” Simply put, start thinking about your future and do something now that ultimately give you a rewarding end. What you do now, creates a big impact on what will happen to your retirement years in the future.

A better attitude in planning for a wise investment strategy for retirement is to always begin with an end in mind. Retirement doesn’t make sense now but it will so, invest now and be secure later.

A better attitude in planning for a wise investment strategy for retirement is to always begin with an end in mind. Invest now and be secure later. Take advantage of the recent housing market conditions. Allow Virginia Homes for Sale to help you discover the best Suffolk Virginia Homes to invest.

Real Estate Investing For The Human Animal

Ever noticed how when you walk in to a book store and find your way to the business or financial books all the views that are expressed in the titles are almost the same??? Almost all of them,in one way or another, call out for a monetary version of bloodshed. I mean the titles are about how you can crush the other guy, or it’s not personal its business. Years ago when I got into the real estate investment game I spent hours looking thru the book titles. Trying to find the one book that would teach me how to become a “REAL ESTATE INVESTING GOD” That I knew I could become. After reading most of the popular books of the time I actually would feel beat up over the content. I mean did I have to be a “take no prisoners ” type of investor? Did I have to prey on some one else’s misfortune?? No, of course I dont. However I did need to learn to take somethings to heart and NEVER let go of them. I had to build my investment suit of armor so to say. So I set out to build a list of my investment rules. We each should have our own set of investment rules. It will help you keep the animal investor inside of you in check. In my case,being that I am a VERY competitive aggressive alpha male type personality I need rules that would keep me “Human”. My own set of personal laws that would keep me on the “non- predatory” path. Doc’s Rules for investing:

1) Set up some personal guidelines: Define and follow these guidelines. This is the most important rule I have. . Things to include, but not limit you to, are: Top dollar amount and lowest dollar amount. Type of investment you want to deal with. Period of term for investment.. Etc etc. (You can even have a guideline about the amount of time you will work per-day)

2) Remember some ones family is behind the deal you?re working on. Simply put,whoever you are dealing with has mouths to feed. Treat everyone with dignity and respect. If the price they are offering still falls within the personal investing guidelines you have set for yourself don’t use your position to abuse the seller. If you are getting the house for .40 cents on the dollar,don’t be a jerk and push for .30 cents. Always remember…it could be you in the sellers postion. (This rule DOES NOT come in to play when dealing with a bank owned property)

3) Always ask for what you want. No where does it say you can’t ask for something in an investment deal you like, I.E. if you’re looking at a piece of real estate with a pool,ask the seller if they would be willing to throw in new carpet to the sale. I once met a investor who was looking at a house that had been on the market for more than 6 months. When he went to talk to the seller he happen to see a 1954 Merc Coupe in the garage, so he asked if it was included in the deal. The deal eventually closed for the house AND the car. 4) Offer everyone the chance to make money as a bird dog for you. I always give several of my business cards to anyone I do business with and offer them a portion of any profit I make from any investments they help me locate. You would be amazed at how many people are willing to help you make money when they get a small part of it for doing very little work. (And if you follow rule #2 you will be amazed at how many of those bird dogs will sing your praises from the highest mountains)

These are just some ideas of things to keep in mind when you’re working on your investment mindset. These rules have worked well for me over the years,and in more cases then not, have gotten me more return and repeat networking opportunities then I can count.

Doc Schmyz has worked with investors all over the US. He built a free website shares Real estate investing information for all over the US. Find real estate information by state

Getting A Home Inspection Prior To Buying A Investment Property

Most fixer uppers are homes that usually need a number of home repairs that generally do not require special knowledge or expertise on your part, as the homeowner. Fixer upper homes can be excellent bargains when the “asking price” is significantly lower than comparable homes nearby but in good or excellent condition.

Fixer uppers needing a cosmetic fix-up can be a great investment property. Most need some repainting outside and inside (paint can do a lot of wonders), floor refinishing or new carpets, some new lighting fixtures, little repairs, complete cleanup and landscaping.[I:]

If the home necessitates massive repairs such as electrical and plumbing problems that usually are expensive, it will slash your profit back or worst, eliminate it.

Before purchasing any house , a professional home inspection should be completed. The inspector can provide you an accurate idea of what existing problems the home has and what repairs are needed.

Here are frequently found fixer upper defects that might need your attention:



Plumbing system

Electrical system

Central heating

Central cooling

Water seepage

Structural (Most of these defects requires expensive repairs especially when talking about the value these repairs will return upon resale.)

Most often, major defects go unnoticed because fixer upper buyers usually can’t see the inside workings, hidden out of view or behind walls. When buying you a fixer upper you need to turn over a few stones.

A broken or damaged “heat-exchanger” in the heating system, faulty wiring, termite damage, lead accumulation, as well as asbestos insulation are common physical flaws that you can’t see immediately and need to be corrected before a re-sale.

Indications of these problems are as follows:

Moisture stains that can be found on ceiling and walls could mean plumbing problems.

Separations between wall and floor specifically for outer walls could mean structural problems.

Sawdust piles near woodwork or wall corners can be an indication of termites.

A home inspection from a professional

The average professional home inspections can cost about 200-325 dollars depending on the kind of property, square footage, etc.

When hiring a professional home inspection of fixer upper houses, it is wise that you obtain quotations first from several competing companies. However, the lowest bidder shouldn’t be immediately given the job; aside from the price, you must inspect the “quality of service” they offer as well as the company name. It is important to choose a company with a good reputation.

Several home inspection companies have some kind of computer-like machines which can supply inspection reports and descriptions instantly then the company adds their “pre-printed” sections which are very helpful for you in order to understand the fundamentals of repairing, fixing and replacement.

The most important part of a home inspection is that the inspector gives an entirely impartial appraisal and assessment of the house, inspecting everything carefully from electrical systems, plumbing to structural to make certain that the fixer upper house you are purchasing is sound.

Professional home inspectors can make certain that all major systems (air conditioning, plumbing, furnace) are working properly or they can pinpoint defects to you because these kinds of repairs will cost you a great deal of money.

However not all major repairing problems automatically indicate that you shouldn’t purchase the fixer upper home, because they can and should be added in the home’s price negotiations.

A good fixer upper seller or realtor will and can factor in said considerations or concerns and you possibly can purchase the home for even less if you put it clearly that you will be responsible for the repair or replacements. Just be careful that you don’t get tricked. Never take anybody’s word that the plumbing, the furnace or the electrical have no problems at all; you have to make certain.

Sometimes walking away from a “deal” is the best option. Perhaps it is due to location or a disagreement on price with the current owner. (Repair costs are almost always a sticking point)

In order to really make a good investment in a fixer…you need to find the hidden “information”. Most of the time a seller will not go out of the way to tell you. In some cases it isnt done out of spit…it might be information the current owner isn’t aware of themselves.

Doc Schmyz has invested all over the US. His free website shares Real estate investing information for all over the US. Findreal estate information by state