Property Investing Secrets 6

Property Investing Secrets:

What No One Ever Tells You-How Real Estate Agents Size Up Buyers

Here is the most important rule you must know about property investing: present yourself with confidence to the real estate agent. If you're property investing and trying to buy your first property and you have never really dealt with a real estate agent, you're probably not going to get a bargain. Most likely later, after you've made offers and gotten them accepted, will you then get better deals.

You see, the first time up you're going to have to sound the agent out and see how much experience they have. If you're dealing with the young pup in the office that has only been in the business 3 or 4 months, you don't need to know a lot. You can probably even bluff them. But if you're dealing with the principal, the owner of the business, who has been around for 20 years, they're going to know that you're not experienced property investing or more importantly that you've never bought in their area and then it becomes a real matter of brinkmanship with the real estate agent.

When property investing, you must convince the real estate agent that you're serious. You can say, "Look I'm only in town for a couple of days." (Even if you live locally, have flown in or driven from out of town.) "I've got to make a decision in a couple of days. I'm looking at a property in the $250,000-$290,000 price bracket."

If you say, "I just want to buy a house, I don't care where it is and I want a bargain." The agent thinks this buyer has no idea. But the wise person who is property investing will say. "I want to buy in this price range, I want this rent and I want the property in this particular area." The real estate agent will think, okay this buyer has done their homework. They know what they're looking for. You can also say, "Look, I don't pay full retail price, I expect a bit of a discount. What is the best property you've got that fits my criteria in that area?"

I've found when property investing, the more confident and specific you can be with a real estate agent by telling them what you're looking for, the more the agent will give you credibility as having done your research and not wasting their time.

Rick Otton is the director of We Buy Houses Pty Ltd. He has been property investing full time for 14 years. Rick has completed over 351 property transactions in Australia and the United States.

Rick specialises in creating positive cash flow through a variety of strategies he perfected in the United States and adapted to Australian conditions. He sells home study courses on vendor finance, one year mentoring program as well as a yearly 3 day boot camp on the Gold Coast. Go to http://www.rickotton.com for more property investing information ring 1800 003 588 in Australia.

MORE RESOURCES:

Leading Real Estate Company Announces Over $1 Billion in New ... - MarketWatch

Realtors Say Foreigners Hold Key to Real Estate Revival - FOXNews

Real Estate Market Slumps, Showhomes Soars - MarketWatch

Investment Regimes for Indian Real Estate Sector Explored - MarketWatch

Moody#39;s: Commercial real estate prices rise - CNNMoney.com

Winston amp; Strawn Continues Growth; Adds 19 Litigation, Corporate ... - MarketWatch

Architects see drop in real estate design contracts - Los Angeles Times

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/6-0fd=Rurl=http://latimesblogs.latimes.com/laland/2008/11/one-of-the-lead.htmlcid=1272058652ei=STUlSdHGIpqO9QTSvPS2AQusg=AFQjCNHcAK_UvwInRCJXGFGLbyFZDEECJwArchitects see drop in breal estate/b design contracts/abrfont size=-1font color=#6f6f6fLos Angeles Times,nbsp;CAnbsp;-/font nobr9 hours ago/nobr/fontbrfont size=-1One way to tell if a recovery is on the horizon is to check in with architects. When they start drawing, development eventually follows. b.../b/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/6-1fd=Rurl=http://www.housingwire.com/2008/11/19/key-re-index-drops-to-record-low-in-october/cid=1272058652ei=STUlSdHGIpqO9QTSvPS2AQusg=AFQjCNGyFXB1EndPuzZsdCXUH3pvCl2_tQKey RE Index Drops to Record Low in October/a font size=-1 color=#6f6f6fnobrHousing Wire/nobr/font/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/6-2fd=Rurl=http://www.bizjournals.com/denver/stories/2008/11/17/daily32.htmlcid=1272058652ei=STUlSdHGIpqO9QTSvPS2AQusg=AFQjCNEesS2BOet7U6zYSNxbPg2lURUPZQBillings by architects fall in West/a font size=-1 color=#6f6f6fnobrBizjournals.com/nobr/font/fontbrfont class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1272058652hl=ennobrall 65 news articles/nobr/a/font/div/font/td/tr/table

Target shareholder revises real estate proposal - The Associated Press

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://news.google.com/news/url?sa=Tct=us/7i-0fd=Rurl=http://www.dividend.com/blog/%3Fp%3D3631cid=1271977767ei=STUlSdHGIpqO9QTSvPS2AQusg=AFQjCNFc-jUAY5unynbGkNfWtluZZqZC6Qimg src=http://news.google.com/news?imgefp=Jrox3LLENnIJimgurl=www.dividend.com/blog/wp-content/uploads/storypics/target.jpg width=80 height=64 alt= border=1brfont size=-2Dividend.com/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/7-0fd=Rurl=http://www.google.com/hostednews/ap/article/ALeqM5izZJX0Q9xiHBM5Mg3-Ee1B6sI8wQD94I9R8O0cid=1271977767ei=STUlSdHGIpqO9QTSvPS2AQusg=AFQjCNFZ-p1rbxRCiz7b3s9zn67Z3VSZngTarget shareholder revises breal estate/b proposal/abrfont size=-1font color=#6f6f6fThe Associated Pressnbsp;-/font nobr10 hours ago/nobr/fontbrfont size=-1Ackman unveiled a plan last month that involves creating a breal estate/b investment trust that would take ownership of the land Target owns underneath its b.../b/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/7-1fd=Rurl=http://www.bizjournals.com/twincities/stories/2008/11/17/daily25.htmlcid=1271977767ei=STUlSdHGIpqO9QTSvPS2AQusg=AFQjCNFLGKvn_IOvpr0lEVLOCLYRF4kPXwPershing revises Target land spin-off proposal/a font size=-1 color=#6f6f6fnobrBizjournals.com/nobr/font/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/7-2fd=Rurl=http://www.reuters.com/article/americasDealsNews/idUSTRE4AH7PD20081118cid=1271977767ei=STUlSdHGIpqO9QTSvPS2AQusg=AFQjCNEL-ZeJLs2dtLQkBfBLk-afjcgHdAPershing#39;s revised Target proposal out Wednesday/a font size=-1 color=#6f6f6fnobrReuters/nobr/font/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/7-3fd=Rurl=http://blogs.reuters.com/reuters-dealzone/2008/11/19/troubled-retailerackman-5-bln-reit-ipo/cid=1271977767ei=STUlSdHGIpqO9QTSvPS2AQusg=AFQjCNF7nERqhej1eAmwN5yHdlL7TzOkIwTroubled retailer+Ackman= $5 bln REIT IPO?/a font size=-1 color=#6f6f6fnobrReuters UK/nobr/font/fontbrfont size=-1 class=pa href=http://news.google.com/news/url?sa=Tct=us/7-4fd=Rurl=http://www.guardian.co.uk/business/feedarticle/8044333cid=1271977767ei=STUlSdHGIpqO9QTSvPS2AQusg=AFQjCNFAZ_xgSARuheh9HLxftOfQ3RM66Anobrguardian.co.uk/nobr/anbsp;- a href=http://news.google.com/news/url?sa=Tct=us/7-5fd=Rurl=http://leapsinvestor.com/market-news/ackman-target-shares-worth-37share-726/cid=1271977767ei=STUlSdHGIpqO9QTSvPS2AQusg=AFQjCNEFKdBNCLC63g9lep5KOOXf3C9hjwnobrLEAPSInvestor.com/nobr/a/fontbr/font class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1271977767hl=ennobrall 131 news articles/nobr/a/font/div/font/td/tr/table

Real Estate Journalists Award NAREE Bivins Fellowships and ... - MarketWatch

Research and Markets: Conference Talk: The Great Nexus ... - MarketWatch

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/9-0fd=Rurl=http://www.marketwatch.com/news/story/Research-Markets-Conference-Talk-The/story.aspx%3Fguid%3D%257BA779D6B5-A22B-459F-A2A7-2A2CF127037B%257Dcid=1272287786ei=STUlSdHGIpqO9QTSvPS2AQusg=AFQjCNHUnaP6U9tT3fZfSYtn7lyYwrkVMwResearch and Markets: Conference Talk: The Great Nexus b.../b/abrfont size=-1font color=#6f6f6fMarketWatchnbsp;-/font nobr18 hours ago/nobr/fontbrfont size=-1Deepening the capital market for breal estate/b financing with REITs and REMFs is the next big upcoming opportunity. A new emerging equation between b.../b/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/9-1fd=Rurl=http://www.marketwatch.com/news/story/Research-Markets-CONFERENCE-TALK-Real/story.aspx%3Fguid%3D%257B7CA5E454-47DC-47C8-BEC6-86E65F6AD2B1%257Dcid=1272287786ei=STUlSdHGIpqO9QTSvPS2AQusg=AFQjCNGGaLlYACLwffJnnK8QfQFe1E6DYAResearch and Markets: CONFERENCE TALK: bReal Estate/b - A Formidable b.../b/a font size=-1 color=#6f6f6fnobrMarketWatch/nobr/font/fontbrfont class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1272287786hl=ennobrall 13 news articles/nobr/a/font/div/font/td/tr/table

Real-Estate - Google News

RELATED ARTICLES

Location, Location, Location
Location, location, location - known as the 3 most important factors when buying a property, and it is easy to see why. The location of your property dictates how much yield you get, and how much capital growth, which ultimately decides how well you do.

What is a Loft Apartment?
What is a loft apartment? At the most basic level a loft apartment differs from a regular apartment because of the open layout. Lofts are open floor plans with few if any walls separating the living, dining, living and sleeping areas.

Searching For Maui Beachfront Houses?
Who wouldn't want to move into a Maui beachfront house?From the custom architectural jobs done on many Maui homes,to the beautiful beaches and other natural attractions inMaui, you're bound to find something you will love aboutMaui beachfront houses. However, like any home buyingprocess, you'll need to make sure several things are inorder before you make your move into your new Mauibeachfront house.

I Already Have an MLS Listing, Why Do I Need an Internet Ad?
In today's real estate market, astute buyers are also looking to realize savings by dealing directly with the seller. They use internet search engines and keyword sets (Atlanta real estate advertising, Atlanta for sale by owner, Atlanta FSBO) to locate for sale by owner (FSBO) properties on the web.

Florida Investment Real Estate and What Are Considerations Before Buying
Investment Real Estate, First Things FirstConsidering investing in property? What are some pertinent things to consider before taking this leap? Of all the investment possibilities, investment in land generally produces the most positive results. It is vital, however, to carefully investigate the pros and cons, benefits and deficits of real estate investment.

Real Estate Financing - Ten Ways
Do you remember when real estate financing meant you saved up enough to put 20% down on a house, and then you got a mortgage loan for the other 80%? Well, you can still do that, but there are many more options now. Here are ten of them.

Selling Your Home - What Can Go Wrong With Pricing and Loans
So, you're selling your home (house, townhouse, condo, apartment, land, lot, farm, ranch, etc.), what can go wrong? The sad fact is that a lot of things can go wrong.

Are You Tired of Tenants, Toilets, and Trash?
Wouldn't you rather go to Tahiti? Are you a landlord with rental property whose value has significantly appreciated? Are you ready to cash in those profits and take that trip to Tahiti?Before selling your property, check with your accountant whowill tell you that you will be paying $60,000 in CapitalGains Tax to Uncle Sam. Your accountant will also tell youthat adding another $20,000 to your income by that sale iscalled recaptured depreciation.

Commercial Income Property Financing: Part 1 of 3
Welcome to this first portion of a three-part series about income property. In this first segment we will be discussing financing options for commercial income properties as well as the upside (and downside) of owning this type of property.

Golf and Waterfront Living: Live, Play, Relax
With today's planned lifestyle communities, golf and boating enthusiasts have an opportunity to purchase the home of their dreams just a chip shot away from the green or stone's throw from the marina.� In addition to an ideal home setting, golf and waterfront community residents enjoy an active and diversified lifestyle experience complete with first-class golf courses, marinas, beaches, spas, clubhouses, recreation areas, fine dining and countless other amenities.

How To Get Top Dollar For Your Home - Fast
1. Time is money when selling your homeAfter you've made the decision to sell your home, the longer it remains unsold on the market, the more it costs you.

Make Money With Room Rentals
I don't know why I didn't do it sooner, but one day many years ago, I decided to try renting rooms in my home. I was young and single, and had a nice mobile home on small piece of property.

Utah Real Estate
Looking to buy real estate in Utah? The market has changed over the past few years and is going to continue to change over the next few (drastically) and here are a few things you should consider before buying any Utah real estate.First, the Olympics didn't affect the state as much as people thought it would.

Purchasing Property With No Money Down: My Personal Experience
Have you ever seen those infomercials about buying houses with "No Money Down?" They are really well done. They have all kinds of people offering great testimonials about how they have gotten rich, buying rental properties, with absolutely no money out of their pocket.

Real Estate Lease Option Danger
Why are real estate investors having so much successoffering "rent to own" homes?Lease-options offer home ownership opportunitiesto folks with little cash and not so hot credit.Oh boy, there are plenty of those around.

Maximizing Curb Appeal and First Impressions to Sell your Home
We all know that a home or property of any kind, in order to sell faster and at a higher price, should have what is known as curb appeal. Frequently, it is not the expensive things that make a difference.

Home Staging Strategies
Who are you preparing your home to sell to?You, as a home seller, have two initial choices.1.

Why Mobile Homes?
There are mobile homes for sale, for much less than stick-built houses, in most areas of the country. Despite persistent predjudice against them, and sometimes the people living in them, mobile homes are the cheap housing choice of millions.

Look Past the Bottom Line for a Propertys Potential
It's unfortunate that many real estate investors tend to look at the bottom line when deliberating about a property, rather than the big picture. The real moneymakers in real estate investments are the people with vision, who think creatively, and are willing to assume some level of risk.

10 Home Purchase Abroad Tips For Success
Are you seeking your little corner of sun drenched heaven on earth? If you are you're certainly not alone!Many Northern Europeans, Americans and Canadians are looking overseas for investment real estate or for a holiday bolt hole and if you're considering buying a second home in the sun, a home from home abroad or an investment property overseas and you're in a hurry to get started, these top 10 home purchase abroad tips for success should set you off in the right direction.1) Legal AdviceLegal systems differ from country to country so never assume that you understand how exactly the entire house purchase process is going to work, and never expect things to necessarily go exactly your way! To be assured of the fact that your personal interests are being looked after and that you, your money and your property are 100% secure, legal and legitimate it's essential to seek independent legal representation in the country you're considering buying property in.