Hooked on Realty: Introduction to Real Estate Investing

By Strategic Realty Partners LLC

Are you thinking about investing in real estate?

Is this something that you have limited experience in and need help to get started?

This book has the answers to your questions!

Real estate is something that has stood the test of time when it comes to making a shrewd investment. Some people

• Language: English
• Publisher: Strategic Realty Partners, LLC
• Release date: Jul 22, 2023
• ISBN: 9798988431428

Strategic Realty Partners LLC

Meet the Visionary Authors: Strategic Realty Partners, LLCAt Strategic Realty Partners, LLC, we are honored to introduce our first book -- a trailblazer in the real estate industry as we strive to rewrite the rules of success. With an unwavering passion for all things real estate, this exceptional group has dedicated their life to unraveling the secrets of wealth-building through property investment. Their debut is here: "Hooked on Realty," has already become a beacon of guidance for countless aspiring investors, igniting a wildfire of prosperity across the market. As you embark on your journey into the world of property investment, rest assured that this group of authors' wealth of knowledge, accompanied by the firm foundation of Strategic Realty Partners, LLC, will be your steadfast companion on the path to financial success. For an immersive experience into the realm of real estate mastery, visit www.srealtyp.com and join the ranks of those revolutionizing their lives through Strategic Realty Partners, LLC.

Book preview

HOOKED

ON

REALTY

(INTRODUCTION TO REAL ESTATE INVESTING)

WRITTEN BY: Strategic Realty Partners, LLC

Hooked On Realty

Copyright 2023 © Strategic Realty Partners, LLC

All Rights Reserved. No part of this publication may be reproduced, distributed, or transmitted in any form or by any means, including photocopying, recording, or other electronic or mechanical methods, without the prior written permission of the publisher, except in the case of brief quotations embodied in critical reviews and specific other noncommercial uses permitted by copyright law.

Paperback ISBN: 979-8-9884314-0-4

Ebook ISBN: 979-8-9884314-2-8

Table of Contents

INTRODUCTION

CHAPTER 1

WHAT IS REAL ESTATE INVESTMENT

CHAPTER 2

BENEFITS OF REAL ESTATE INVESTMENT AND UNDERSTANDING REAL ESTATE MARKET

CHAPTER 3

TYPES OF REAL ESTATE DEVELOPMENT

CHAPTER 4

COMMON MYTHS ABOUT REAL ESTATE INVESTMENT

CHAPTER 5

REAL ESTATE MARKET

CHAPTER 6

ANALYZING REAL ESTATE MARKET TRENDS

CHAPTER 7

IMPORTANCE OF LOCATION IN REAL ESTATE INVESTMENT

CHAPTER 8

FINANCING OPTIONS FOR REAL ESTATE INVESTING

CHAPTER 9

EVALUATING FINANCING OPTIONS

CHAPTER 10

PROPERTY ANALYSIS AND DUE DILIGENCE

CHAPTER 11

BUILDING WEALTH THROUGH REAL ESTATE

BENEFITS OF REAL ESTATE INVESTMENT

CHAPTER 12

REAL ESTATE MANAGEMENT

PROPERTY MANAGEMENT

SELF-MANAGEMENT

PROFESSIONAL PROPERTY MANAGEMENT

CHAPTER 13

LOCATION IN REAL ESTATE INVESTMENT

MAINTENANCE AND REPAIRS

SCALING UP REAL ESTATE INVESTMENT

FUTURE OUTLOOK FOR REAL ESTATE INVESTMENT

CHAPTER 14

SOME DETAILS ON CONDUCTING PROPERTY ANALYSIS, WHAT TO LOOK FOR IN A PROPERTY, DUE DILIGENCE, AND REAL ESTATE INVESTING STRATEGIES

PREPARING TO BUY A HOME

HERE ARE SOME STEPS YOU CAN TAKE TO PREPARE FOR BUYING A HOME:

THE ACTUAL HOME BUYING PROCESS

THE HOME SELLING PROCESS

THE IMPORTANCE OF HOME SELLING

CHAPTER 15

SOME TIPS ON NEGOTIATING WITH SELLERS AND BUYERS, ALONG WITH A REAL LIFE EXAMPLE

CHAPTER 16

PITFALLS THAT CAN LEAD TO FINANCIAL LOSS.

CHAPTER 17

SOME KEY LEGAL AND TAX CONSIDERATIONS FOR REAL ESTATE INVESTING

CHAPTER 18

IMPORTANCE OF REAL ESTATE IN ACHIEVING TOTAL FINANCIAL FREEDOM

CHAPTER 19

SOME TIPS AND TRICKS FOR BEGINNERS IN REAL ESTATE INVESTMENT

CHAPTER 20

SOME STEPS TO HELP YOU BUILD A REAL ESTATE PORTFOLIO

INTRODUCTION

Harness the Power of Location: Unleashing the True Value of Real Estate in the USA

How to Use Real Estate Video Marketing to Sell More Property

In the realm of real estate, location reigns supreme as the key determinant of property values in the USA. Picture this: a property strategically situated near schools, shopping malls, banks, transportation hubs, hospitals, restaurants and places of worship. Imagine the convenience it brings to residents and the allure it holds for prospective buyers. Such properties become magnets, attracting a flood of interested parties who recognize the unrivaled convenience and desirability they offer.

Supply and demand are the driving forces behind the fluctuating fortunes of real estate. When high demand aligns with the purchasing power of eager buyers and a limited supply due to the scarcity of land, property values soar to new heights. It's the embodiment of the coveted seller's market, where properties become prized assets, commanding attention and enticing bids.

Conversely, when demand wanes and an influx of supply enters the market, property values experience a decline. This shift, often observed in buyer's markets, offers opportunities for those seeking affordable properties amidst a sea of options.

In this compelling exploration of the real estate landscape, we delve deep into the vital interplay between location, supply, and demand. Prepare to be captivated as we unlock the secrets to leveraging the power of location, understanding market dynamics, and seizing strategic opportunities to maximize your real estate investments. Whether you're a seasoned investor or just venturing into the world of real estate, this captivating journey will equip you with the knowledge and insights needed to navigate the dynamic USA property market and unlock the true potential of your investments. Harness the Power of Location: Unleashing the True Value of Real Estate in the USA

In the realm of real estate, location reigns supreme as the key determinant of property values in the USA. Picture this: a property strategically situated near schools, shopping malls, banks, transportation hubs, hospitals, restaurants and places of worship. Imagine the convenience it brings to residents and the allure it holds for prospective buyers. Such properties become magnets, attracting a flood of interested parties who recognize the unrivaled convenience and desirability they offer.

Supply and demand are the driving forces behind the fluctuating fortunes of real estate. When high demand aligns with the purchasing power of eager buyers and a limited supply due to the scarcity of land, property values soar to new heights. It's the embodiment of the coveted seller's market, where properties become prized assets, commanding attention and enticing bids.

Conversely, when demand wanes and an influx of supply enters the market, property values experience a decline. This shift, often observed in buyer's markets, offers opportunities for those seeking affordable properties amidst a sea of options.

In this compelling exploration of the real estate landscape, we delve deep into the vital interplay between location, supply, and demand. Prepare to be captivated as we unlock the secrets to leveraging the power of location, understanding market dynamics, and seizing strategic opportunities to maximize your real estate investments. Whether you're a seasoned investor or just venturing into the world of real estate, this captivating journey will equip you with the knowledge and insights needed to navigate the dynamic USA property market and unlock the true potential of your investments.

Inflation exerts influence on property values within the United States. In its simplest form, inflation refers to a surge in prices accompanied by a decline in the purchasing power of money. Within property development, roughly half of the building materials employed consist of cement and cement-related products. Consequently, inflation in this area leads to escalated construction expenses, and ultimately, it is the buyers who bear the burden of these costs. Additionally, inflation is further fuelled by escalated transportation and labour expenses across the nation. The increase in labour costs can be attributed, in particular, to a scarcity of labour, as many regions in the USA are grappling with a shortage of available workers.

The government’s introduction and revision of its property related policies also played a key role in determining the value of properties. The exemption revision of real property gains tax (RPGT) has increased the interest of a small group of people on the property market. Additionally, USA government is pushing out a series of incentives to make its property market more attractive to foreign investors who will eventually bring in external cash flows. Both of these actions have enhanced the property values. In addition, the build then sells (BTS) concept has been revised. It has increased the confidence of buyers and created developers who are more conservative leading to higher value of property.

Furthermore, the existences of property agents and Internet such as auctions websites and real estate agent websites help ease the process of selling the properties nowadays. It has made the property investment more easy, convenient and favourable. In this way, there is an increase of interest in property investment thus further lifting the value of properties.

Moreover, the mortgage rate that also plays an important role in influencing the property value should never be forgotten. A mortgage rate is commonly known as Base Lending Rate in USA (BLR). BLR is a term refers to the minimum interest rate used by banks. It is defined by the central bank of USA. BLR will get lower when the global money market down turn and get higher when the money market is on uptrend. Whenever the housing demand is weak, lower mortgage rates will help to improve the access to property financing while reducing the monthly payment for housing loan. So, these circumstances will aid in strengthen the housing demand and then the property value will increase over time.

Last but not least, the vacancy levels will also have a significant contribution towards the property values in USA. For illustration, when the unemployment rate is high, the buyers and investors will not have enough capital to invest in a property creating a situation of strong rental sales. In contrast, the low unemployment rate will motivate the buyers and investors to involve themselves in property investment activity leading to high property values.

Above are some of the factors that will affect the property values in USA. However, there are still some other relevant and important factors out there that are worth seeing.

Real estate investment can be a complex and challenging field, so it's important to educate yourself and seek professional advice before making any investment decisions. It's also important to consider factors such as location, market conditions, and property management when evaluating potential real estate investments.

Happy reading!!!

CHAPTER 1

WHAT IS REAL ESTATE INVESTMENT

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A real estate investment is when a person purchases a home with the intention of profiting from it. This can be achieved in a number of ways, including by leasing it to tenants, selling it for a profit, or making an investment in a business that owns and manages numerous properties. Although it can be dangerous and necessitate careful planning and study, investing in real estate can be a good method to generate passive income and amass wealth.

A property may be bought, owned, managed, rented out, or sold as part of a real estate investment to bring in money and/or make a profit. Residential properties, commercial structures, undeveloped land, and other tangible assets with value can all be classified as real estate assets. Alternately, we may claim that investing in real estate has a number of advantages, including the ability to diversify an investor's portfolio and generate passive income. Additionally, it may offer tax benefits including capital gains tax reductions and depreciation deductions.

Types of real estate investments

Real estate investments come in a variety of forms, but the majority can be divided into two groups: Real estate investments that don't involve the ownership of physical property, such as REITs and crowdfunding platforms, include tangible assets like land, homes, and commercial buildings.

Traditional, tangible real estate might yield a high return on investment, but it can also come with substantial upfront and recurring costs. Due to the reduced financial entry requirements of REITs and crowdfunding