Qualities That Will Make You a Better Real Estate Investor

Being a better real estate investor can be a very lucrative occupation. But the key word is can. Developing certain qualities is essential to make you a more successful real estate investor. This list is a great place to start on your journey to maximize your abilities as a real estate investor.

Qualities That Will Make You a Better Real Estate Investor: Know How to Spot Opportunities

Real estate investing is all about spotting good opportunities, and it is a skill to develop. What makes the difference between a high risk, low result investment and a lower risk, high result investment? There are many things to consider and research to hone your abilities to spot opportunities to invest.

Know what investments are worth your time. Sometimes it may seem that a particular property will be a great investment, but don’t forget to consider the time it may take to profit off of it. If you are able to invest more time into the property, then move forward.

Also look into details about the location. What improvements is the city council planning on making? Will that improve the property value? Keep up with other market trends to be especially attuned to opportunities.

DIY Skills

Why pay someone else for something that you can do yourself? Many repairs on a property can be pricey, and even small repairs begin to add up. You need DIY skills to keep the most return possible on your investment. DIY skills doesn’t always mean knowing inherently how to do things and being an expert. Sometimes it simply means having basic craft skills and knowing where to turn for guidance.

When choosing what tasks to take on the property, know your limits. Sometimes roof DIY can lead to issues, so make sure you know what you are doing. In fact, DIY’s can be dangerous in the case of electrical wiring as well. It is always best to be safe rather than sorry.

Qualities That Will Make You a Better Real Estate Investor: Constantly Learning

The key to having any skills in any career is to keep learning. It’s how you can develop DIY skills and keep up to date and be ready to see opportunities. You can find knowledge in books, the web, or other people. Stay in the know about what the market is doing or new ways to market.

Also, to constantly learn you must continually network. There is a lot to learn about real estate investing from others. You can also learn what good electricians, plumbers, and other service providers are in the area.

Going into real estate investing can be intimidating, and maybe you don’t know if it’s the right thing for you. But if you have or can develop the skills above, you will do a fantastic job. Keep learning and working—you’ve got this.

Are you a real estate investor? Find your next real estate investment in our listings!

 Steelbridge Realty LLC  is a Licensed Real Estate Brokerage that utilizes cutting-edge marketing techniques and data-driven Real Estate solutions in today’s ever-changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions.

 

New Listing - 4 days online

1 / 3

$159,999

Multi-Family For Sale

Active

5

BED

3

TOTAL BATHS

2640 Saint Charles St
Fort Myers, FL 33916
EVANS ADDITION Subdivision

New Listing - 4 weeks online

1 / 24

$159,990

Single Family Home For Sale

Pending

3

BED

2

TOTAL BATHS

1,183

SQFT

2746 Guava St
Fort Myers, FL 33916
EVANS ADDITION Subdivision

1 / 26

$82,900

Townhouse For Sale

Pending With Contingencies

2

BED

1

TOTAL BATHS

875

SQFT

Palm Frond Condo #2B
1165 Palm Ave 2b
North Fort Myers, FL 33903

1 / 34

$284,900

Single Family Home For Sale

Pending With Contingencies

2

BED

2

TOTAL BATHS

1,731

SQFT

9219 Palm Island Cir
North Fort Myers, FL 33903
PALM ISLAND Subdivision

Price Change - 7 days ago

1 / 35

$91,500

Condo For Sale

Pending With Contingencies

2

BED

2

TOTAL BATHS

930

SQFT

1006 Tropic Ter
North Fort Myers, FL 33903
TROPIC TERRACE Subdivision

1 / 34

$94,900

Condo For Sale

Pending With Contingencies

2

BED

2

TOTAL BATHS

892

SQFT

Foxmoor #H
5745 Foxlake Dr H
North Fort Myers, FL 33917

1 / 34

$120,000

Condo For Sale

Active

2

BED

2

TOTAL BATHS

1,114

SQFT

Foxmoor #6
5705 Foxlake Dr 6
North Fort Myers, FL 33917

1 / 6

$69,900

Land For Sale

Active

0.23

ACRES

LEE

COUNTY

1817 NE 23rd Ave
Cape Coral, FL 33909
CAPE CORAL Subdivision

1 / 20

$279,995

Single Family Home For Sale

Pending With Contingencies

3

BED

2

TOTAL BATHS

1,560

SQFT

531 SE 36th St
Cape Coral, FL 33904
NOT APPLICABLE Subdivision

1 / 2

$11,900

Land For Sale

Pending

0.23

ACRES

LEE

COUNTY

421 Tropicana Pky W
Cape Coral, FL 33993
NOT APPLICABLE Subdivision

1 / 33

$249,900

Multi-Family For Sale

Active

6

BED

4

TOTAL BATHS

3016-3018 Wallace Ave
Lehigh Acres, FL 33973
LEHIGH ACRES Subdivision

1 / 25

$135,000

Mobile Home For Sale

Pending

2

BED

2

TOTAL BATHS

1,002

SQFT

19215 Arrowhead Ln
North Fort Myers, FL 33903
LAKE FAIRWAYS COUNTY CLUB Subdivision

1 / 30

$134,995

Mobile Home For Sale

Active

2

BED

2

TOTAL BATHS

958

SQFT

9945 Lake Fairways Blvd
North Fort Myers, FL 33903
LAKE FAIRWAYS COUNTY CLUB Subdivision

1 / 28

$225,000

Mobile Home For Sale

Pending

2

BED

2

TOTAL BATHS

1,647

SQFT

19400 Moccasin Ln
North Fort Myers, FL 33903
LAKE FAIRWAYS COUNTY CLUB Subdivision

1 / 6

$12,500

Land For Sale

Pending With Contingencies

0.231

ACRES

LEE

COUNTY

2816 NW 6th Ave
Cape Coral, FL 33993
NOT APPLICABLE Subdivision

New Listing - a week online

1 / 33

$279,900

Single Family Home For Sale

Pending With Contingencies

3

BED

2

TOTAL BATHS

1,483

SQFT

1613 NW 5th St
Cape Coral, FL 33993
CAPE CORAL Subdivision

1 / 35

$249,900

Multi-Family For Sale

Pending With Contingencies

4

BED

4

TOTAL BATHS

5148-5150 24th St SW
Lehigh Acres, FL 33973
LEHIGH ACRES Subdivision

1 / 25

$144,900

Mobile Home For Sale

Active

2

BED

2

TOTAL BATHS

918

SQFT

19847 Eagle Trace Ct
North Fort Myers, FL 33903
PINE LAKES COUNTRY CLUB Subdivision

New Listing - 4 days online

1 / 4

$198,000

Land For Sale

Active

0.23

ACRES

LEE

COUNTY

4127 Oasis Blvd
Cape Coral, FL 33914
CAPE CORAL Subdivision

1 / 25

$159,999

Single Family Home For Sale

Pending

3

BED

2

TOTAL BATHS

1,144

SQFT

912 Sunniland Blvd
Lehigh Acres, FL 33971
LEHIGH ACRES Subdivision

1 / 7

$215,900

Land For Sale

Active

0.914

ACRES

LEE

COUNTY

17107 Serengeti Cir
Alva, FL 33920
SERENGETI Subdivision

1 / 32

$159,990

Single Family Home For Sale

Pending

3

BED

2

TOTAL BATHS

1,180

SQFT

300 Vermont Way
Lehigh Acres, FL 33936
CARLTON PARK Subdivision

1 / 15

$124,900

Single Family Home For Sale

Pending With Contingencies

3

BED

1

TOTAL BATHS

1,456

SQFT

1019 Joel Blvd
Lehigh Acres, FL 33936
NOT APPLICABLE Subdivision

1 / 25

$69,900

Land For Sale

Active

1.01

ACRES

LEE

COUNTY

21910 N River Rd
Alva, FL 33920
ALVA Subdivision

1 / 1

$64,900

Land For Sale

Pending

0.25

ACRES

COLLIER

COUNTY

205 S 2nd St
Immokalee, FL 34142
IMMOKALEE INDUSTRIAL PARK Subdivision

The post Qualities That Will Make You a Better Real Estate Investor appeared first on Steelbridge Realty LLC.

source https://northfortmyersonline.com/2020/10/29/qualities-that-will-make-you-a-better-real-estate-investor/

What Every Buyer Should Do Before Closing on a Home

Buying a home is a complicated process. With so many details to keep track of, it is already hard enough to figure out if you like a house or not. Once you’ve settled on a place, closing on the home can seem overwhelming. Here are a few things to keep in mind when it comes to closing on your future home.

What Every Buyer Should Do Before Closing on a Home: Title Search

One of the most important things you need to do before you officially close on a home is to perform a title search. When you buy a home, you purchase the title, meaning the rights and ownership of the property.

A title search is a search of title records to determine the stipulated rights that come with the purchase of the home in question as well as if the person from whom you are buying the home actually has the right to sell it.

Performing this step allows you to know if the title is clean so that you can avoid any legal battles in the future. If one of the seller’s distant relatives surfaces years later claiming that the house belongs to him, having performed a title search before you bought the home will save you a huge hassle.

Get an Inspection

Another essential step you should take before you buy a home is getting a home inspection. Basically, before you close, your realtor will commission a home inspector to look at all aspects of the house to find any previously unknown problems. Home inspections can reveal all kinds of issues, such as problems with the roofing.

Something like the condition of the roof is hard to gauge without an expert’s opinion. But having that opinion can avert you to damage that may suggest that there is potentially more damage than that of which you had been previously made aware. Knowing that there is roof damage can suggest that there may be mold where water was able to seep in. it could even suggest deeper structural damage.

What Every Buyer Should Do Before Closing on a Home: Complete All Contingencies

Practically all purchase agreements have contingencies—conditions that must be met by either or both sides before the purchase can be completed. Typically, these contingencies protect the buyer in the case of unforeseen problems that arise with either the buyer’s ability to pay or with the condition of the home.

Common contingencies include a home inspection, an appraisal, and in some cases, a home sale contingency. Basically, before you can close on the home, you will need to meet these different contingencies—then, once you have met the contingencies and if you still feel good about going forward and purchasing the home, you can start the closing process.

Lock in Closing Costs and Interest Rate

What does it mean to lock closing costs and interest rates? Basically, when you are planning on buying a home but need to get a mortgage from a lender like a bank to pay for it, the bank will draft up a bunch of fees that you are required to pay in order for them to process your mortgage.

Of the fees, the lender typically charges you for attorney fees to draft the mortgage, insurance for the property for the bank, and a credit report fee. After they’ve given you an estimate of the cost of these fees, you can choose to “lock them in.” This means that you and the lender will agree on a fixed interest rate on the closing costs that will last a number of days while you finalize the sale.

There are pros and cons to this. Pros—the market rate may go up and you won’t have to pay as much as you would have. Cons—if the market rate goes down, you still have to pay the agreed-upon rate.

What Every Buyer Should Do Before Closing on a Home: Ask the Seller to Lower the Price

Once you’ve decided on closing costs, you may want to turn around and see if the seller is willing to help offset some of the closing costs. Depending on how desperate the seller is to sell the home, they may be willing to lower the home price in order to help you cover those other costs.

Review the Terms of Your Mortgage

Once you’ve locked in your closing costs and have finalized the sale price of the home, it’s time to take a final look at the mortgage. Now that you have the full financial picture of what purchasing this home will cost upfront, scrutinize the terms of the mortgage.

Do you feel good about the mortgage payment schedule? The interest rate? Making sure that you are truly ready to sign a mortgage is one of the most important steps in the closing process. Signing up for something that may be more than you can handle is ultimately a big mistake.

What Every Buyer Should Do Before Closing on a Home: Do a Last Walk-Through

Now that everything is lined up for the final closing, perform a final walk-through of the home before the actual closing day. You’ll typically want to do this 24 hours before you actually close. It’s a good opportunity to ensure that the previous owners are completely moved out to your satisfaction and that anything the seller had agreed to fix is completed to your satisfaction as well.

Bring the Right Documentation to the Closing

The big day has arrived. It’s time to finally close on your home. Even though you’ve already jumped through many hoops to actually get to this point, it’s important to know what documentation you need to have ready at closing. Being aware of this before the actual day arrives can help you have it ready to go when it’s time.

Some of the documentation includes your own government ID, a copy of your contract with the seller, the reports from your home inspection report, and any documentation from the lender that demonstrates you were approved for your loan.

Buying a house is quite the process. First, you spend hours on end walking through different houses deciding if there is one that fits you and your family’s needs. When you finally do find a house you love, figuring out the process of closing on it can seem complicated. Start with these steps to get an idea of how the closing process will work.

Ready to buy a house? Find one in our listings!

 Steelbridge Realty LLC  is a Licensed Real Estate Brokerage that utilizes cutting-edge marketing techniques and data-driven Real Estate solutions in today’s ever-changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions.

 

New Listing - 4 days online

1 / 3

$159,999

Multi-Family For Sale

Active

5

BED

3

TOTAL BATHS

2640 Saint Charles St
Fort Myers, FL 33916
EVANS ADDITION Subdivision

New Listing - 4 weeks online

1 / 24

$159,990

Single Family Home For Sale

Pending

3

BED

2

TOTAL BATHS

1,183

SQFT

2746 Guava St
Fort Myers, FL 33916
EVANS ADDITION Subdivision

1 / 26

$82,900

Townhouse For Sale

Pending With Contingencies

2

BED

1

TOTAL BATHS

875

SQFT

Palm Frond Condo #2B
1165 Palm Ave 2b
North Fort Myers, FL 33903

1 / 34

$284,900

Single Family Home For Sale

Pending With Contingencies

2

BED

2

TOTAL BATHS

1,731

SQFT

9219 Palm Island Cir
North Fort Myers, FL 33903
PALM ISLAND Subdivision

Price Change - 7 days ago

1 / 35

$91,500

Condo For Sale

Pending With Contingencies

2

BED

2

TOTAL BATHS

930

SQFT

1006 Tropic Ter
North Fort Myers, FL 33903
TROPIC TERRACE Subdivision

1 / 34

$94,900

Condo For Sale

Pending With Contingencies

2

BED

2

TOTAL BATHS

892

SQFT

Foxmoor #H
5745 Foxlake Dr H
North Fort Myers, FL 33917

1 / 34

$120,000

Condo For Sale

Active

2

BED

2

TOTAL BATHS

1,114

SQFT

Foxmoor #6
5705 Foxlake Dr 6
North Fort Myers, FL 33917

1 / 6

$69,900

Land For Sale

Active

0.23

ACRES

LEE

COUNTY

1817 NE 23rd Ave
Cape Coral, FL 33909
CAPE CORAL Subdivision

1 / 20

$279,995

Single Family Home For Sale

Pending With Contingencies

3

BED

2

TOTAL BATHS

1,560

SQFT

531 SE 36th St
Cape Coral, FL 33904
NOT APPLICABLE Subdivision

1 / 2

$11,900

Land For Sale

Pending

0.23

ACRES

LEE

COUNTY

421 Tropicana Pky W
Cape Coral, FL 33993
NOT APPLICABLE Subdivision

1 / 33

$249,900

Multi-Family For Sale

Active

6

BED

4

TOTAL BATHS

3016-3018 Wallace Ave
Lehigh Acres, FL 33973
LEHIGH ACRES Subdivision

1 / 25

$135,000

Mobile Home For Sale

Pending

2

BED

2

TOTAL BATHS

1,002

SQFT

19215 Arrowhead Ln
North Fort Myers, FL 33903
LAKE FAIRWAYS COUNTY CLUB Subdivision

1 / 30

$134,995

Mobile Home For Sale

Active

2

BED

2

TOTAL BATHS

958

SQFT

9945 Lake Fairways Blvd
North Fort Myers, FL 33903
LAKE FAIRWAYS COUNTY CLUB Subdivision

1 / 28

$225,000

Mobile Home For Sale

Pending

2

BED

2

TOTAL BATHS

1,647

SQFT

19400 Moccasin Ln
North Fort Myers, FL 33903
LAKE FAIRWAYS COUNTY CLUB Subdivision

1 / 6

$12,500

Land For Sale

Pending With Contingencies

0.231

ACRES

LEE

COUNTY

2816 NW 6th Ave
Cape Coral, FL 33993
NOT APPLICABLE Subdivision

New Listing - a week online

1 / 33

$279,900

Single Family Home For Sale

Pending With Contingencies

3

BED

2

TOTAL BATHS

1,483

SQFT

1613 NW 5th St
Cape Coral, FL 33993
CAPE CORAL Subdivision

1 / 35

$249,900

Multi-Family For Sale

Pending With Contingencies

4

BED

4

TOTAL BATHS

5148-5150 24th St SW
Lehigh Acres, FL 33973
LEHIGH ACRES Subdivision

1 / 25

$144,900

Mobile Home For Sale

Active

2

BED

2

TOTAL BATHS

918

SQFT

19847 Eagle Trace Ct
North Fort Myers, FL 33903
PINE LAKES COUNTRY CLUB Subdivision

New Listing - 4 days online

1 / 4

$198,000

Land For Sale

Active

0.23

ACRES

LEE

COUNTY

4127 Oasis Blvd
Cape Coral, FL 33914
CAPE CORAL Subdivision

1 / 25

$159,999

Single Family Home For Sale

Pending

3

BED

2

TOTAL BATHS

1,144

SQFT

912 Sunniland Blvd
Lehigh Acres, FL 33971
LEHIGH ACRES Subdivision

1 / 7

$215,900

Land For Sale

Active

0.914

ACRES

LEE

COUNTY

17107 Serengeti Cir
Alva, FL 33920
SERENGETI Subdivision

1 / 32

$159,990

Single Family Home For Sale

Pending

3

BED

2

TOTAL BATHS

1,180

SQFT

300 Vermont Way
Lehigh Acres, FL 33936
CARLTON PARK Subdivision

1 / 15

$124,900

Single Family Home For Sale

Pending With Contingencies

3

BED

1

TOTAL BATHS

1,456

SQFT

1019 Joel Blvd
Lehigh Acres, FL 33936
NOT APPLICABLE Subdivision

1 / 25

$69,900

Land For Sale

Active

1.01

ACRES

LEE

COUNTY

21910 N River Rd
Alva, FL 33920
ALVA Subdivision

1 / 1

$64,900

Land For Sale

Pending

0.25

ACRES

COLLIER

COUNTY

205 S 2nd St
Immokalee, FL 34142
IMMOKALEE INDUSTRIAL PARK Subdivision

The post What Every Buyer Should Do Before Closing on a Home appeared first on Steelbridge Realty LLC.

source https://northfortmyersonline.com/2020/10/29/what-every-buyer-should-do-before-closing-on-a-home/