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Subscription Newsletter Corliss Group Financial Magazine: Five tips for anyone wanting to become a real estate investor

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 you’re in for, before you actually start investing your money.


1. You need to know that it’s 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 it’s 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.


2. If you are buying low, you’ll 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.


3. The kitchen makes the sale.


The one room that swings more sales is the kitchen. Here Advertisement 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.


There’s 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 it’s memorable. First impressions count.


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 don’t 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 don’t 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 don’t 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 life’s work, know what you are getting yourself into. Follow these simple suggestions and you’ll be making your first trip to the bank from escrow in no time.


Call us today and get the information you need to make the right decision. The info is free, call now!(951)296-8887.


Questions regarding available inventory and/or other real estate matters please contact me, 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.).


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Tokyo investors focus on US debt woes by Corliss Online Financial Mag

Tokyo investors focus on US debt woes by Corliss Online Financial Mag | Corliss Online Financial Mag |


Tokyo investors will stay focused on the US government shutdown next week, as fears grow it could lead to a devastating debt default and strike a huge blow to the global economy.


The Nikkei's 0.94 per cent slip on Friday to a one-month low ended a week that saw the benchmark index lose 4.98 per cent, or 735.76 points, to 14,024.31, as the political deadlock in Washington dominated headlines.


The broader Topix index of all first-section shares fell 4.41 per cent, or 53.70 points, over the week to 1,163.82.


'Players will keep an eye on the US budget stand-off next week,' said Kenzaburo Suwa, strategist with Okasan Securities.


'But we may see an early end to the impasse as (President Barack) Obama appears serious by cancelling key conferences overseas,' Suwa added.


Obama axed plans to attend the Asia Pacific Economic Cooperation (APEC) summit in Bali and the East Asia Summit in Brunei next week, blaming political paralysis in Washington for the cancellation.


While the shutdown has fuelled jitters among investors, analysts have generally expressed even deeper concerns about the October 17 deadline to raise the US debt ceiling.


International Monetary Fund chief Christine Lagarde warned on Thursday that a US failure to raise the borrowing limit could wreak havoc on the global economy, while the Treasury Department said a default could have a 'catastrophic' effect.


On Wall Street, the Dow ended 0.90 per cent lower on Thursday.


'The deleterious effects of the US government shutdown are already being felt,' SMBC Nikko Securities general manager of equities Hiroichi Nishi told Dow Jones Newswires.


'The deadlock looks as intractable as ever, and investors are continuing to pull funds out of the dollar and risk assets as a precaution,' he said.


Japanese Finance Minister Taro Aso on Friday urged Washington to resolve the budget crisis, warning it could seriously damage the global economy.


'My feeling is ... the debt limit will have an internationally significant impact. Unless it is resolved swiftly, we will see various consequences,' he told reporters in Tokyo.


The situation was likely to stoke more buying of the safe-haven yen, Aso added, pushing up the unit's value. A strong yen is bad for Japanese exporters as it makes them less competitive overseas and shrinks the value of their repatriated overseas income.


On Friday, the US dollar was at Y97.12, down from Y97.27 in New York, where the greenback temporarily fell below the Y97 mark on Thursday.


'Market players will also focus on foreign exchange rates next week as the current risk-averse sentiment is likely to shift fund flows to the yen,' said Suwa at Okasan Securities.


In Tokyo share trading on Friday, Toyota fell 1.12 per cent to Y6,180 from the previous day, while Sony lost 1.75 per cent to Y2,017.


Tokyo Electric Power dropped 4.34 per cent to Y528 after Japan's atomic watchdog summoned its boss for a public dressing down over sloppy standards at its crippled Fukushima plant.


Mobile carrier SoftBank was down 3.45 per cent at Y7,270 on profit-taking after a 15 per cent rally in the past week.


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