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May 31, 2022

Investing In Long-Distance Real Estate With Technology And Resources Like Real Estate Skills



Real estate is considered a safe investment opportunity for people to build long-term equity and wealth. There are a variety of ways to get involved in real estate investing, some have long-term strategies and other opportunities are more short-term to find a profit.



In either case, understanding the market trends, finding profitable opportunities, and deciding which real estate investment vehicle is right for you takes a lot of knowledge and understanding. So at Real Estate Skills, we cut through the chatter to make it simple to understand and get started.

Real Estate Investment Opportunities

There are various ways to get involved in real estate investing, each with its own level of risk and reward. For example, you can choose to buy properties to sell right away, hold onto and develop equity, or get together with other investors and have smaller stakes in a larger quantity of real estate.

Buy-and-Hold: The traditional investment opportunity is to buy a property and hold onto it for more than 5-years. This strategy, known as buy-and-hold, is a simple way to build equity over time, and if you live in the property for 2-years during a 5-year span, you can achieve significant tax advantages when you do sell.

Fix-and-Flip: Home flippers are more than a show; it’s a tangible way that people invest in real estate. Here’s how it works; you find and buy a distressed property, ideally purchasing below market value.

Next, you invest some capital in renovating and possibly remodeling the property with the intent to sell it above market value in the short term, making a sizable return on the investment.

The risk here is that the market trend may shift, you may spend too much on renovations, or the property will sit on the market longer than projected, lowering your returns.

Rentals: Similar to buy-and-hold, a buyer purchases a property to hold onto, but in this case, to make passive income through renting it out. A risk is that depending on your mortgage and insurance rates. You may not be able to charge enough in rent to break even or make a profit, especially during vacancies.

REITs: REITs are an investment vehicle for multiple parties to lower their risk and exposure and have smaller returns. REITs typically buy up large properties, apartments, and commercial real estate, and though you reduce your exposure, you also give up some control and earn less on the return.

Wholesaling: Wholesaling real estate is the process of acting as an intermediary for a seller and buyer. The risk here is minimal as you never take hold of a property, merely are empowered by the seller through a contract to provide a buyer. Typically, the wholesaler finds a buyer willing to pay more than the contracted by the seller, and that return is known as a wholesaling fee.

While it’s not difficult to learn about wholesaling real estate, doing so effectively to make a decent profit can be challenging if you don’t have the right plan in place. Resources such as those tools provided by Real Estate Skills can give you the tools needed to overcome those challenges and make a nice profit along the way.

The problem with real estate in the past is that it’s been bound by location, but not anymore. As a result, today, it’s much easier to invest in long-distance real estate than ever before.

How To Get Involved With Long-Distance Real Estate Investing

Traditionally, getting involved in real estate requires the buyer to view and inspect the property, but a growing trend of online browsing and shopping has taken off in recent years. In fact, since 2019, over 52% of homes purchased were done online, and a whopping 92% of home buyers browse for homes through online searches.

A typical investor looking at long-distance investments will be dependent on a local Realtor to find opportunities. Still, you’re also relying on someone else’s opinion rather than seeing the property on your own.

This process can be extremely difficult in wholesaling, and after you pay your agent their share, your profits are reduced.

There is another way.

Through virtual wholesaling, you can prospect sellers, get a 3D visual of the property, and get contracts signed all from your home.

And with the advantages that technology has brought to real estate, companies like Real Estate Skills are giving the average investor a huge opportunity to learn about and understand the profitability of investing through wholesaling real estate.

Wholesaling in real estate is a simple process with low risk for the wholesaler. Still, you have to know how to do it correctly, especially if you’re going to do it in a different geographic location than where you live.

In that case, learning how to wholesale virtually is something you need to delve into to avoid any issues along the way. There are many ways to learn to virtual wholesale, but you want to find a reliable, experienced resource to help educate you.

Finding A Trustworthy Source (News - Alert) To Guide You

To find a reliable, credible source, you want to have a checklist of things that you can check off that are proof of the source’s trustworthiness.

Things you want to find from a trusted source are;

  • Is there accurate information being presented by the source?
  • Is the information current and up-to-date?
  • What are the source’s credentials and background? Are they experts in their field?
  • What are similar types of content published by competitors? Do they agree with or disagree with the information your source is providing?
  • Are there reviews published somewhere on the source’s website?

To find a reputable source, look for one that provides up-to-date, relevant content, offers proof, whether by reviews or case studies, that they are experts in their fields, and has similar content to what competitors report.

In that case, that should give you a high level of trust that you can have in the source material.

Real Estate Skills provides top-tier content to help real estate investors understand and navigate the market, get started with wholesaling real estate, and boost their profit margin while avoiding unnecessary exposure.


 
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