If you want to get into real estate investing, multi-family units can have tremendous income potential! But how can you buy multi-family properties with no money? If you don’t have a good amount of savings put away, the process can seem daunting. Many people don’t know that there are ways to get involved, without paying huge costs upfront.
However, in our latest blog, we’ll share with you… Methods to Buy Multi-Family Properties with No Money in Miami Borrow ItSure getting a traditional mortgage might not work when you want to buy a multi-family building, but there are still ways to borrow to borrow the cash you need.
You can sell and split the profits, split monthly rental income, or even work in an option for you to buy them out after a certain period of time. No matter what you work out, make sure you have everything in writing, even the smallest of details. Make sure you and your partner have a clear understanding of what is expected of each other so you can avoid any issues down the road. Get Creative There all sorts of ways you can negotiate with a seller. If the property is run-down, you can work in an “allowance” deliverable at closing, which can be used for repairs, but also towards your down payment. You will want to be up front and clear about what you are doing being creative is great, but never put yourself in a position where you could be accused of mortgage fraud! Negotiate a “repair allowance” which you will receive at closing. Use this toward down payment Another creative method would be to acquire the property and have it transferred into your name. The seller and you would set up a contract, allocating a percentage of the profits going forward. You would need to consider what would happen if you sold the property, etc., but this can be a great way to acquire a property from someone who is ready to sell, or who wants to take on a quieter role as far as their investment. Are you looking to purchase a multi-family property with no money? If so, we can help! Learn about the best method and find the BEST properties in the Miami area! Fill out this form now to send us an email, or give our office a call today! We want to help you start your real estate portfolio! (954) 350-0000
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A well thought out backyard can be a huge factor when selling your home. It can influence the prospective buyers’ entire perception of the property. As such, a messy, overgrown yard can deter buyers and make a horrible first impression. In our latest blog, we have put together some ideas to make your yard a selling point, helping you to get the best return on your home.
They don’t call it the great outdoors for anything. A well landscaped and maintained yard can add 15% to the value of your home. If a person REALLY loves it, your yard can add another 12% in perceived value to certain buyers! That’s a lot of value! Here are some suggestions to have your yard sell your home! Curb Appeal We can’t express enough how important curb appeal can be when it comes to selling your Jacksonville home. The fact of the matter is, people, DO sometimes judge a book by its cover. An overgrown front yard, worn paint, and overall messiness could cause some people not to even bother looking inside your home!
Make Them Feel At Home A backyard can be a huge opportunity for entertaining and a place for family and friends to gather. Let you potential buyers envision themselves relaxing in the space by setting up a few key areas.
Clean Up A clean and neat yard speaks volumes about how you care for the other aspects of your home. If you invest time and energy into the beautification of your yard, then you are likely to do the same throughout the rest of the house. A clean yard shows you take pride in your home, which potential buyers will recognize and respect.
If you are thinking about selling your Jacksonville home, we can help you get ready with some innovative and inspiring ideas! Fill out this form to tell us more about the property you want to sell, or give our office a call now! (954) 350-0000 Selling psychology is always involved when is comes to real estate. You are sending your potential buyers messages, whether you know it or not! Make sure you are sending the right message! Discover what you are telling them in our latest blog post!
To really understand your buyer, you must know who they are. While you don’t want to stereotype, you can educate yourself on the demographics of your area. Are there more families or more singles? Recent grads or older, retired couples? Think about who your buyer is likely to be. Picture them and even give them a backstory! Think about what they’re going to want to see in a home they purchase and give them that! Clutter Makes Your Buyers Feel Intrusive And if you feel intrusive, you won’t feel comfortable, and if you don’t feel comfortable, you aren’t going to make an offer. Personal items make people viewing your home feel intrusive and like they are somewhere they shouldn’t be. This is NOT the vibe you are trying to give off! They need to be able to picture themselves in the house, and that might be difficult with your wall of bowling trophies or the life-sized family portraits. Clean up all personal items and any clutter laying about. Don’t leave paperwork out or pictures on the fridge. You want to home to feel clean, inviting and relaxed. Get The Home Ready For Your Buyer Buyers aren’t going to want to come in and make a ton of changes. A family with small kids isn’t likely to make an offer on a pool home with accompanying cactus garden. If families are a dominant market segment in your neighborhood, you might want to keep them in mind and make safety precautions when making upgrades to the home. On the flip side to this, having Princess Elsa murals in the kid’s room might subconsciously deter a retired couple. People need to easily be able to imagine themselves in the space. Having a more plain and neutral room, allows their imagination to easily picture them in their new office, or guestroom. Think with your buyer in mind when you are getting the home ready for showings! Keep the house fresh, clean, warm and sleek to attract the highest number of potential buyers! Have A Purpose Sometimes people have multiple uses for one room. For example, a guest room and office space. Or a gym and playroom. This is practical and functional for your family. However, to potential buyers, it can subconsciously be confusing and overwhelming. A defined office is a place someone can picture themselves in easily. And if they choose, they can imagine changing into something else. But let them think about different options for the space on their own. Defining the rooms will make the home feel more orderly, organized and appealing. Stage Away Properly staging your home is a critical factor if you are looking for a fast sale at the price you want. A lack of order, tidiness, and neatness can give off the vibe that you are apathetic when it comes to your home. If you don’t take care of the things people see on the surface, what else are you not taking care of? Well planned staging tells people that you take pride in your home. This adds perceived value and will tell potential buyers that you have taken care of the property. Are you looking for creative methods to stage and sell your South Florida home? We can help! Send us an email here, or give us a call today! (954) 350-0000 If you are getting ready to sell your Sarasota house, you might be looking for some tips and tricks to make it more appealing to potential buyers. Great staging goes a long way and using cheap upgrades, that don’t break the bank, can help you sell your home fast!
Cheap Upgrades That Make A Big Impact When Selling Your House in Sarasota Show Your Porch Some Love! Curb appeal and first impressions can make or break a potential offer. They say that subconsciously, the feeling a buyer gets in the first few seconds of seeing your home will determine if they will make you an offer or not. A simple way to make a BIG impact is to have a facelift out front.
A coat of paint on the cabinets can change the entire look and feel of the kitchen. Imagine your cabinets going from a drab, dinged up dark wood, to a bright, fresh white! The entire space would change! New drawer pulls, cabinet handles and faucets can also add an updated look to an older space. For a relatively small cost, you can update the area almost instantly. Bathroom Re-DoYou can apply many of the same tricks to the bathrooms. In addition, hardware stores carry many items that can completely renovate and transform your bathtub. There are paints and covers that actually go over your old tub & shower. There are ways to repaint tile which would end up saving a ton of money while creating a similar look. When you have a showing, make sure the bathroom is staged beautifully. Soft hand towels, nice smelling soap. You can make this part of the home feel very expensive and exclusive with only a few small touches. Live It UpDon’t forget to pay some attention to the living spaces and bedrooms. Make sure your personal effects are nicely stored away, as to make people feel less like an intruder upon your space. In addition, spend some time fixing up window treatments by adding new drapes or shades. You will want to make sure there is plenty of natural light coming in, but you still can make a big impact by showcasing the windows and doors. Improved lighting and a beautiful fixture can change the look and feel of a room. A statement piece, offering great light will draw attention and make your space truly beautiful. Don’t Forget The Back!Make sure the backyard is inviting and offers plenty of seating. Set up defined seating areas if you don’t have them already. This allows potential buyers to imagine themselves entertaining and relaxing in the yard as if it were their own. Better yet, set up your yard as if you were having a backyard bbq. Serve burgers and dogs at your open house to make people feel right at home from the beginning! Do you need ideas when it comes to selling your Sarasota home? If so, we can help you think of creative solutions to sell your home quickly! There are many options and ways to sell your house! Fill out this form to send us an email, or give our team a call today! (954) 350-0000 With all the competition out there, selling your home can sometimes take some strategy and out of the box thinking. Buzz needs to be created for your home, but it can be difficult to do that when there are a number of other similar homes out there, all similarly listed.
So how do you stand out? Our latest post will discuss unconventional real Estate selling tactics, and how you can use them to sell your home fast! Throw A PartyThe people who are coming to your open house, have probably seen others (lots) just like yours. The same boring food, same walk through, same speech. The process can feel stiff and not truly showcase the personality of your home. Instead, you might consider doing something a little different. Depending on the time of year, throw a backyard bbq. Not only will people feel more comfortable in a more relaxed environment, but they will also get to see how much fun can be had at your house when entertaining! This creates a mental picture, really allowing them to feel at home. Use an Unconventional, Humorous AdReal estate ads all tend to look the same. All homes are described as “beautiful” and is seems like most neighborhoods are described as “highly desirable.” So many ads lack creativity, which makes them blend in with all the others. Instead of a generic, boring ad, make yourself stand out by being bold and possibly funny. “Man Cave for Sale, (also Has 4 Bedrooms!)” Even if they aren’t looking for a “man cave’ per se, the ad will stick in their memory, and the use of humor makes you seem human as opposed to the typical, robotic, real estate ads. Big Ticket ItemsA new trend sellers are having luck with, is enticing buyers by throwing in a big ticket item. Something they may have always wanted, but most likely not going to buy for themselves. Depending on the location throwing in a boat or even a car can be an option! If it doesn’t make sense to do something that extravagant, consider a new big screen tv, or a “credit” towards furniture. People like to get something for free, even if you have already factored it into your desired sale price. Get High TechSpending a little extra money upfront can lead to some big returns down the line. Think about hiring a videographer to make a video of your house, but have them make it look like the preview to a Hollywood blockbuster! Or have professional photos taken using a drone. The unique, aerial perspective, will add a whole new dimension! People will also be able to “get a lay of the land.” Do forget to include to showcase the neighborhood! Having some great photos of the local area can help potential buyers get a real sense of what living in your home will be like! Take Your Staging Up A NotchMost people know you need to stage a home to some extent to really make buyers fall in love. However, by kicking it up a notch, you will make your home absolutely unforgettable. Think about details you would see at a luxury hotel or high-end residence. Hang only the most elegant, fluffy hand towels in the bathroom. Present hors d’oeuvre on an elegant serving tray. Even if these aren’t items you would use in your everyday life, bringing them into your home during these moments will make visitors to your home feel a sense of luxury and refinement. This will help your home stand out among others they might be looking at. Have a SleepoverWell not exactly. If you are no longer living in the home, and you have a buyer who is on the fence, offer them the option to spend a night in the home! This way they can really get a sense of what living there and waking up in that house will be like! Are you looking for unconventional ways to sell your Pompano Beach home? Our team continually comes up with innovative strategies designed to sell your home fast! Send us an email here or give our office a call today! (954) 350-0000 |
AuthorTom Myers is an active real estate investor and Florida native. Tom and his team at Your Trusted Home Buyer help homeowners throughout the state of Florida. If you need to sell your house, please visit our website, fill out the form and you will receive a call from us within 24 hours or less! http://www.yourtrustedhomebuyer.com ArchivesCategories
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