Monthly Archives: January 2014

Vacant Houses, The Key to success In Real Estate Investing

Why Should You Invest In Vacant Houses?

There are vacant houses in every neighborhood and around every corner in the United States. It’s obvious they are vacant by the overgrown lawn, stuffed mailboxes, and other unpleasant sights. They really do stick out like a sore thumb if you start looking for them.

There are two main reasons why the property could be vacant: The property has been foreclosed on or the property owner is in a bad situation such as a family crisis or admittance into a facility that prevents them from coming home; hospital, jail, etc. Regardless of the reason why the property is vacant, the longer it sits there unoccupied, the more it will devalue other properties in the neighborhood.

This is where we, the real estate investors, come into the picture. We have the ability to help these property owners and their neighborhoods. Of course, we still want to be able to make money for ourselves, but in the long run, the higher the value of an area, the more money we could potentially make from the deals in that area.

There are so many cities throughout the nation that have buildings or entire blocks in need of revitalization. Unfortunately, there are not many people with the funds or resources to do something about it. In many cases, the cities or towns don’t even try to make the investment. This is why real estate investors are so important. We come into these towns, buy up these houses, fix them up and resell them. So many of these places could be turned around and become thriving areas full of new buildings, businesses, parks, schools, etc.

All it takes is one property to be left alone for an […]

Why are foreclosures important to real estate investors?

In the last few years, foreclosures have become one of the biggest opportunities for real estate investors without a doubt. There are foreclosed properties all around and there always will be, in fact this is the best time to get on the bandwagon and start investing in foreclosures.

The process for making money with foreclosure properties is relatively simple and takes little to no time in many cases. All you need to do is find a deal, flip it, make a fair profit and move on. The objective is not to hold on to the property, fix it up and make a huge profit. That requires work and a lot more time. When you look at just the dollars and cents of the matter, you can make the same amount of money by flipping a few houses in a short period of time with less risk and less headaches. Your time is more valuable and should be spent finding potential deals and buyers, not making repairs or playing ‘Bob the Builder’ on long-term expensive projects.

The most successful investors know the benefits of buying and reselling properties quickly. Not having to deal with the hassles of long term funding, tenants, repairs, etc. is a huge plus, but having the ability to make a quick profit is what makes this so appealing.

The owner of a foreclosed property will lose money until the property is sold. Because of this fact, you will have the opportunity to buy foreclosures at a deep discount. When you buy at a deep discount, you can also sell at a deep discount. Any property can sell if you sell it cheap enough, and as a matter of fact, any property will sell quickly […]

Cracking the code To Creative Real Estate

If there is one thing that I have learned over the last two decades, it’s that in order to be successful in the real estate business, you need to be creative. That’s what I want to focus on today, creative real estate. Creativity is important in any business, it’s just especially important in real estate. If you’re not in this business yet, well there’s a heads up for you.

My name is Cameron Dunlap and I’ve been investing in real estate for a long time. Two decades to be exact. I’ve been involved in a number of different transactions in several different markets. One of the main reasons why I’ve seen and done so much is because I focus on creative real estate strategies. From time to time, you’ll even hear others refer to me as the “Transaction Technician” because I am constantly coming up with creative ways to get things done and make things work.

I use two of my most valuable creative techniques for finding properties and determining the market value of each property without having to physically see it. That’s what I want to share with you today.

Let me tell you a funny story. I got involved in real estate because I saw an infomercial late one night that convinced me I could easily make money in this business. Yes, an infomercial. I thought I could handle everything on my own, and that’s exactly what I did. The first property I invested in was a rehab deal about 4 hours away. Smart thinking. I spent 8 hours each weekend driving to the property and then spent the remainder of the weekend making repairs on my own. The real estate agent told me it […]

Achieving Success in Real Estate Investing

Achieving success is a process. No one just wakes up one day as a success.It’s earned through hard work and taking the appropriate actions towards your goals. Knowing the main keys to becoming a success will help you to grow your business to all new levels in the fastest time possible.

Find your why. 

To be successful in life you need to know exactly why you want to be successful. If you don’t, you more than likely never will be. When you take a look into your future, what will you be spending your money on? Debt, a house, vacation, retirement, or what? You must know why before you can truly achieve success. Your why is what motivates and drives you when other want to quit. The end game must be clear, or you won’t feel as if you are achieving anything.

Be real and open in everything that you do. 

If you aren’t authentic, people will easily recognize your fraudulence. Your credibility will diminish, and you will have difficulty establishing trust once it’s lost. Everyone has imperfections and in some cases, people appreciate you even more for having them. Make sure you don’t cover them up for the sake of being perfect because someone will discover you’re a fraud and call you out, which you never wan tto happen. Being an open person will gives those around you the chance to relate to you, which will in turn give them a reason to look up to you and trust you. That’s exactly what you want. Don’t give them any reason to doubt you.

Be open to opportunity. 

New opportunities arise all of the time. It doesn’t matter where or how; you need to be ready and take advantage of […]