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Top 3 Tips for Agents to Build Wealth through Real Estate Investing
As a real estate agent entering the field, what prompted your interest? Real estate agents enter the business for many reasons--many for the love of working in the industry, while others for the vision of creating lifetime wealth. Looking over a span of 20 years, what I have seen overall are many real estate agents that have built wealth developed it in their everyday business. This article is meant to be an initial step to educate and place you on the path of financial success through real estate. It's about enriching your career and lifetime goals through the buying and selling of real estate.
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Market Investment Properties to Get Ahead During the Off-Peak Season
Now that the summer rush of selling homes is over, how can you bolster sales during off-peak times? One great way is to advertise investment properties to real estate investors. Many buyers are looking for a new income stream as well as properties that will appreciate in value over time. To start, you will want to make sure your clients understand the time required to manage the property and the associated costs. Investors are interested in the pros and cons of different types of retail property and you can help educate them.
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Working with the Investor Client: 10 Tips for Success
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The Hidden Cost of Paper Transactions
Are the tools and processes you use in your real estate business giving you the maximum return on your investment? If you're still battling through mountains of paperwork, there may be room for improvement. Examining the Hard Costs of Paper Depending on what state you live in, a single real estate transaction can require signatures on anywhere from 10 to 100 documents. The cost of all this paperwork makes a significant impact on your bottom line. Let's take a quick look at where these expenses lie: Printing - On a standard office printer, a single black-and-white page costs $0.03. With color, the cost jumps to $0.08. Delivery - The cost of postage and courier fees adds up quick. For documents that can be signed locally, factor in the time and expense of travel, as well as the hassle of coordinating meeting times that are convenient for all parties. Storage - Storing and managing paper documents costs over 50 times as much as electronic records, thanks to necessities like filing cabinets, boxes, folders, and more. Not only will you need more space as time goes on, but there are special considerations that paper archives need, like temperature, humidity, and fireproofing. Document loss and reproduction - Whether lost in transit or just lost in the shuffle, paper documents are always at risk of going missing. When this happens, you re-incur the costs of printing these documents again.
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Is That Tech Investment Worth It?
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