Real Estate Dorota Dyman & Associates Blog: Five Tips for Anyone Wanting to become a Real Estate Investor

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Five Tips for Anyone Wanting to become a Real
Estate Investor
Real Estate Dorota Dyman Associates Blog
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Real Estate Dorota Dyman Associates Blog
Flipping houses in the Temecula/Murrieta Valley
and across the Inland Empire has been a lucrative
venture for investors for many years. Many think
it is a quick way to a fast buck. Many have tried
and many have failed. Flipping houses is serious
business and should not be taken lightly by the
novice real estate investor. Before you begin
down this path, prepare yourself. Here are five
quick tips to help you understand what youre in
for, before you actually start investing your
money. 1. You need to know that its work.   You
need to work with a good local REALTOR who
understands the local market. A local REALTOR
can not only help locate profitable homes through
the Multiple Listing Service (MLS) but will be
able to lead you to other lesser known resources
as well. When its time to sell the home your
REALTOR will know the market and help you
achieve the greatest price for your fix and flip
home for sale.
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Real Estate Dorota Dyman Associates Blog
2. If you are buying low, youll need to spend
more.   The whole concept of discounted homes for
sale is that they need repairs and upgrades.
There is no reason for someone to sell a turnkey,
state-of-the-art home for a discounted price. It
takes time and money to get a home ready to flip
and generate the largest possible
profit.   Contractors are an important part of
your team, so start lining them up now. Yes, you
should be able to do some work yourself, but
understand that time is money how much time do
you have to invest in the project? The quicker it
sells, the quicker you get paid and the money you
have tied up is free again.
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Real Estate Dorota Dyman Associates Blog
3. The kitchen makes the sale.   The one room
that swings more sales is the kitchen. Here in
the Temecula/Murrieta Valley, kitchens should
have recessed lighting, solid surface countertops
and high-end matching appliances if you want to
capture the wow factor. Upgraded cabinets, a
full backsplash, under-the-counter lights and
tile/hardwood floors all do their part in closing
a deal.   4. Garage doors are part of curb
appeal.   Theres nothing worse than selling an
upgraded home, beautifully landscaped with a
nasty old wooden garage door (just as bad is a
dented, metal roll-up). People do judge books by
their covers and houses by their curb appeal. The
garage door is the first thing anyone sees, so
make sure its memorable. First impressions
count.
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Real Estate Dorota Dyman Associates Blog
5. In landscaping, less is more.   When a
potential buyer is considering purchasing a new
Temecula/Murrieta home, they want it to look
nice. What they dont want is a lot of
high-maintenance landscape, no matter how
stunning. Remember your audience, most home
buyers in our Valley are working families who
dont have all week to tend to the grounds nor do
they want to spend all weekend doing it either.
Keep your landscape clean and simple and dont
forget the back and side yards, too.   If you are
considering getting into the real estate
investment business, either as a part-time
venture or your lifes work, know what you are
getting yourself into. Follow these simple
suggestions and youll be making your first trip
to the bank from escrow in no time.
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Real Estate Dorota Dyman Associates Blog
Call us today and get the information you need to
make the right decision. The info is free, call
now! [phone].   Questions regarding
available inventory and/or other real estate
matters please contact me, Mike_at_GoTakeAction.com.
Mike Mason, Broker/Owner of MASON Real Estate
Cal. BRE 01483044, Board of Director of your
Southwest Riverside County Association of
Realtors (SRCAR), Traveling State Director,
California Association of Realtors
(C.A.R.).   Check my Source http//www.myvalle
ynews.com/story/76277/