Category: DC Fawcett Real Estate Reviews

DC Fawcett – A Look Into Real Estate 2017

DC Fawcett says that Life is full of surprises, so is the industry of real estate! Seeing that, political disconcerts, social ambiguity, and international instabilities have had a plunge in 2016, real estate enthusiasts and home buyers are frantically looking forward to a change in the year of 2017.

We’ve crossed a month and half-way through March now, so let’s have a look at how this one and a half months have been.

DC Fawcett Real Estate -A-Look-Into-Real-Estate-2017

By now you would have heard this several times, 2017 is going to be the best year for investing in real estate, real estate activity is taking heads. The question now is whether or not the increased real estate activity reported in January, February and March will continue through the year.

During the month of January it was predicted that you can expect transparency in the property market and in the month of February it was said there will be a decline in the interest rates.

This is a rough data, most importantly this is not the thing that exactly happened, so it is always good to be on your guard and be double cautious because even the slightest mistake in real estate can bankrupt you.

  • Choose a healthy market
  • Study the location carefully
  • Look for growth drivers
  • Pay the right price
  • Don’t follow the herd
  • Have a strategy
  • Do the paper works right

Irrespective of the kind of real estate activity you are involved in, it may be selling a property, buying a house or investing in a commercial or industrial property, you should make sure that you are tagging along the housing trends and know about commercial real estate that could have an impact on your real estate activity.

A keen watch on the pulse of the real estate market is said to help steer clear of being left out in the cold by growing interest rates or a widening gap between supply and demand.

Now let’s see some points for purchasing a home in 2017.

  • There are a few fortunate people who can make the entire payment in cash. But for the others, financing comes to the aid. But, you need to furnish a decent credit to avail the mortgage.  Your ability to furnish a good credit score makes it possible for you to avail a mortgage.  When you cannot furnish a decent credit score, you might be turned down the mortgage.

  • When you avail of more loans, there is every possibility that the debt outweighs the credit. There are lucrative mortgages which would come up, and you should not miss it just because you have severe debt damaging your credit score.

  • You can get a fine picture of how much you can afford through the process of mortgage pre-approval. Just see to it that your pick of property caters to your budget.  Being conscious of every penny that you spend, you can ignore the properties that are beyond your affordability. Thus, you can avail of the option to purchase a property in the community that best suits your financial stand.

  • For the first time buyers, there is no inkling of a doubt that, for the financing to be done, a mortgage lender has to be approached for consultation. You need to come to terms with the money you can afford and then get into the process of buying a home. You need to have a sound knowledge of the market in the vicinity.  You know your priorities better when you work with a realty agent.

Purchasing a home:

  • Always there is a prevalent uncertainty about the value of the houses, but when you make an informed decision to purchase a home, you are happily in the home thereafter.

  • The Price you have to pay for financing the home buying generally exceeds the home’s actual value. Be versatile regarding the mortgage alternatives and other expenditures.

  • The House may be offered for a certain price for which much care is given. The proposal to purchase a home involves both the cost and the terms.  The terms require much additional amount to be shelled out in certain instances.

  • Retaining a property without insurance is one of the most foolish things that one could do. The insurance acts as a shield during untoward incidents that affect and damage the property.

  • The Closing process comes with different terminologies as Settlement or Escrow. It is no more manual in most of the places, and there is increasing computerization of the process.

  • The process of home purchase requires you to be financially sound. Following the steps that are listed above will make things easy for you to purchase a home.  A bitter surprise should not spring on you, and you need to take every measure to see to it that you clear the process in a hassle-free manner.

Conclusion:

Get the inside track on forthcoming opportunities in commercial, residential and industrial real estate with DC Fawcett at his seminars and webinars.

 

DC Fawcett Reviews How to Start a Business | Free Business Startup Guide

In this Video, DC Fawcett Reviews How to Start a Business Free Business Startup Guide.

DC Fawcett is an expert at Virtual Real Estate Investing. He invests in multiple virtual markets and has mastered the art of wholesaling, rehabbing, and cash flow investing in virtual markets he does not live in.

He also uses his virtual investing strategies in his own markets in and around Tampa Bay by outsourcing 100% of the work in the deals and using NONE of his own money or credit while benefiting from the lion’s share of the profit.

DC is willing to share his virtual real estate investing strategies with you. Simply download one of our free virtual investing cheat sheets to get started.

Real Estate business has attracted many small as well as big investors ever since its inception due to its tremendous potential. However, regardless of the fact your colleague or cousin claims it’s “Easy Money,” starting in real estate can be confusing for beginners, mainly, due to lots of information scattered all over the internet.

You can find books, blogs, and so-called real estate gurus claiming their “Training” would turn you into a “Champion.” Though I am not claiming all of that information to be useless, however, beginners might find it a bit ‘intimidating.’

To help you cut through lots of useless information, we, after extensive research, have compiled this ultimate collection for tips from professional DC Fawcett on how to start investing in real estate. However, please keep in mind that it’s nearly impossible to “compress” all of the information needed and write it in one blog post. Nonetheless, this guide will surely point aspiring real estate investors to the right direction.

Moreover, even though the primary focus of this blog is life changing lessons, tips and tricks from the professionals for the beginners on how to start investing in real estate, we will touch a bit of core concepts of the real estate market as well.

The primary focus of this blog is the lessons, tips, and tricks from the professionals for the beginners on how to start investing in real estate. However, we will touch a bit of core concepts of the real estate market as well.

How to Start Investing in Real Estate

Before we get to the tips from professionals on how to start investing in real estate, it is critical to understand the actual estate market, different investment methods, return on these investment methods and how they differ from each other.

The best thing, if you ask me, of the real estate business is its diversity. You can do flipping – buying, renovating and reselling the property for a profit, purchase rental properties – commercial as well as residential, invest in real estate investment groups and real estate investment trusts. Besides, each of these methods has its advantages and disadvantages.

Although this diversity increases the potential of the real estate market, it also makes it necessary to decide the method of investment beforehand according to the one’s individual situation. However, since the focus of this blog is professional tips from big fishes in the real estate market, I cannot go into the details of these concepts. Besides, a simple Google search on these methods can lead to lots of information regarding their pros and cons.

Let’s get to the professional tips without wasting any more time.

1.   Real Estate is not Get Rich Quick Scheme

Even though so called guru’s, to sell their e-books and training videos, claim that real estate investment is “easy money,” one of the best tips that most of the professional real estate marketers give on how to start investing in real estate is to consider this business as a lifelong pursuit.

Real estate is not something that you can do on a whim and earn big bucks. Rather, it is a constant struggle; where you will make mistakes and will fail many times. However, the successful people learn from their experiences to improve themselves.

2.   Being Social is Very Important

It won’t be wrong to call real estate one of those businesses that breathe on relationships. As a real estate investor, you will need to join your local real estate clubs, associations, attend parties and get as social as you can. Moreover, along with exposure, you need to let people know what you do.  Though it doesn’t mean you stick your visiting card to every guy, you bump into in a party.

Moreover, work on the way you treat people around you. Your people skills will demonstrate how you treat your customers as a real estate investor/agent.

3.   Develop Reading Habit

Another tip that I got from a friend, who is an active real estate investor for over a decade now, on how to start investing in real estate is to develop a reading habit. To be very honest, everyone regardless of either he has an interest in real estate investment or not can benefit from this practice.

Do a Google search for “books that every real estate investor must read” and give them a read. Books have a lot of information in them; that will surely help you at on or another point of your career.

4.   Paper Work is Critical

According to at least 80% of investors, we asked to share tips on how to start investing in real estate, mentioned how important it is to keep paperwork of everything.  Some of them even said to create a written plan for each investment.

5.   Start Small

All of the blog posts, books and lessons on how to start investing in real estate mention to start small and believe me, they are right. Like every business, the property is also risky. Spending little can decrease the chances of a significant loss. Moreover, it’s all about making mistakes and learning from them. Start small and go big afterward.

6.   Examine Your Performance Constantly

The last tip on our list of How to start investing in real estate is to explore yourself as a real estate investor consistently. If you don’t analyze your performance, you will never know if your efforts are yielding any results.

You can examine your performance by keeping a daily journal and write about how many properties you visited, bought or sold. It would help you in a long term.

Alternatives To Seek When Mortgage Is Not Affordable – Dc Fawcett

Introduction

When you are lagging behind in your mortgage payments the likelihood of losing your property would be frightening. There would be financial emergencies including loss of job etc.

If you are struggling with your mortgage payment then you should reach your loan servicer to talk about the available options. This you should do as early as possible. You should keep in mind that the longer you take this step the lesser alternatives you have.

DC Fawcett-Alternatives-To-Seek-When-Mortgage-Is-Not-Affordable

Your request may have been rejected earlier but it’s wise to call your servicer even in this context. Servicers may be very busy but carry out perseverance in waiting for your servicer.

There are some qualifications including your qualification for HAMP, your property is your primary home etc. before reaching your servicer. After contacting your servicer you should give some documentation. This will include your monthly mortgage payment, your latest income tax return etc. You can visit the appropriate websites to get relevant information regarding these.

There are in fact several options when you can’t afford your mortgage anymore and some of them you can do by yourself. However, if there are some questions that need to be answered about mortgage concerns you can obtain knowledge from U.S. Department of Housing and Urban Development. An attorney can also be consulted in this scenario.

Now look at some of the options when you can’t afford your mortgage payment.

  • Refinancing your mortgage comes to the aid in such case but it’s important that borrowers take up this alternative prior to missing on mortgage payments. You should also be ready for the paperwork.
  • Filing for bankruptcy is generally very useful for stopping the home from getting into foreclosure process. However, it has its share of risks too and hence one should consult a good attorney. By taking this option it damages your credit to a substantial degree.
  • You can go for a short sale- a sale where you sell off your property for a lesser value that is owned on your specific debt. Here the lender considers the sum as a complete payoff of your mortgage. This does not have a devastating effect as that of a foreclosure.
  • A Deed in Lieu of Foreclosure is another option. Here you will voluntarily forfeit the property title to that of the servicers. This you will do with their consent. This is carried out in return for the cancellation of the debt balance. Here then you will lose your property but it does not have that damaging effect as that of foreclosure, on your credit score.
  • There is also a rare option including negotiating a loan modification with your present lender. Also, there is another option wherein you sell your property or rent it. You might owe a certain amount and you can sell it at that value or more than it. However, this is not a good choice. As far as renting your property is concerned it may not be the best option. However, if it manages to make the process workable until you can pay your mortgage again then it may be considered.

Scam artists are prevalent everywhere and they know when homeowner are falling short of their mortgage payments. They may sound as they are ever willing to help you but their intention is not so. Their main aim is to swindle you off your money. They mask themselves as foreclosure prevention specialist and charge an exorbitant amount just for doing some paperwork. Also they make the homeowners sign a deed. The deed will show that the homeowner can stay in the property as a renter. Later they can retain the property. So it’s very essential that one is careful of these scam artists.

Dc Fawcett, who is an expert in Virtual Real Estate Investing, teaches aspiring entrepreneurs the essential elements of real estate investing.