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Real Estate Investing Tips

If you are thinking about getting into real estate investing read these tips below to help you along the process. Even though the market crash of 2008-2009 has seen a massive amount of fortunes lost in real estate, this industry is still good for making money for savvy investors that are in it for the long haul. What gets people in trouble are those that get into real estate investing to make a quick buck.

Like other investing options you need to know that investing is a long term proposition not a get rich quick scheme. If you are looking to make money quickly, unless you are really skilled and know what you are doing, then real estate investing may not be for you. But if you are getting into real estate investing as a long term play then you have many options available to you and you can set up long term gains. Below we will look at a few tips you need to keep in mind while going through the real estate investing process.

  • Understand your credit: Your credit history is extremely important when you talking about investing in real estate. Unless you have money to invest on your own, you will need to get bank loans and your ability to pay the loan back will be paramount to getting the loan approved. So know your credit history and before talking to a banker get all of the negative aspects of your history resolved.
  • Develop a good relationship with a banker: Once you have a handle on your credit history you need to develop a relationship with a local banker. If you plan to be doing this long term (read above if you are not), then developing a good working relationship is important because you will most likely use this person over and over again. It is also a good idea to develop relationships with several bankers so if one does not have the trust in your project at the time you have other options to turn to.
  • Develop a good relationship with a real estate agent: Just like a banker the real estate agent should be a relationship you have for a long time. A good agent will get to know your likes and dislikes and when they are out doing their job they might spot properties that interest you. often times agents have access to properties before the general public does, so having this insider information can help you in the long term score properties others didn’t know would be on the market.
  • Get a mentor: You need to get a good mentor that has been in the real estate investing industry for a long time. You need a person that has gone through the down turns in the economy so you know they have weathered the storms in our economy. This person should have a portfolio of different types of properties in all different sizes, so they can give you advice from their own experience. This person can help you get through the rough times you will inevitably face in this world of real estate investing.
  • Have a plan: Real estate investing is a business so you must treat it that way. Develop a plan of action and make sure you know the market and the risk. A business plan will most likely be required by a banker along with a proforma and knowing this ahead of time you need to develop a plan that shows how you will make money over time.

These tips should help any newbie looking to get into real estate investing. We will cover additional topics in this area so check back often for updates. We want to hear from you and if you have any questions or thoughts you would like to share feel free to 3237294205 so we can get your questions answered.

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Remodeling Tips

Remodeling a home can be a long drawn out task that can make you lose your hair, but most of the time it is worth it when you achieve the house of your dreams. Often times do it yourself projects are not the way to go when it comes to remodeling projects unless you are working on a home you are not living in. If you are working on the home you are living in there can be many complications that you can not predict from the outset that can prolong the process and make the job at hand even more strenuous than you figured it would be.

Oftentimes it is best to hire a contractor in order to get the job done right and within budget. When hiring a contractor there are a few things you need to be mindful of so you can have a job that goes smoothly. Some of the things you need to keep in mind or as follows:

  • Get a written quote: You want to make sure to get a quote in writing since some contractors may not abide by the quote the tell you once they get on the job. Some contractors will do anything to get the job and low ball the price knowing that once they get on the job there are problems that will cause the fee to go higher then you expected.
  • Get references: Every contractor you think about working with should have some type of experience that you should ask for references from. Talk to the people they have done work for in the past and see what the good and bad things are.
  • Check their credentials: Today anyone can say what they can do but you need proof to ensure you are getting the best person for the job. Have them provide their license and certifications to you so you can verify they are who they say they are. Check with the state to see if their information is up to date and current.
  • Visit a past and current job: Ask for a list of their past and current jobs so you can take an unscheduled visit. You want to see if they are clean on the job site and take care of the property at hand, and you want to also check out their finished work. Try to visit the current site at different times of the day so you can see the type of work ethic they have along with their workers.
  • Ask for a list of their subs: Most general contractor needs sub contractors to help them complete a project. There are a few general contractors that have wide knowledge on different elements of a remodel, but most likely a general contractor will hire subs to help them complete the job. A gutter/roofing contractor may not know anything about bathroom remodels and vice-versa. See who they are using and get the qualifications as well.

These are just a few of the tips you need to know if you plan to hire a contractor for your next remodeling job. Be persistent and don’t settle for anything other than the best. If you have any questions regarding this post of additional tips we should add to future post 954-964-0932 so we can get your thoughts included in upcoming post.

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Owning a home can be a very rewarding, but it can also be very costly.  Home ownership is not for everyone because owning a home is a responsibility some people are not willing to own up to.  If you are one of these people that are not interested in owning a home or any type of property, it is perfectly okay, but this blog website is probably not for you. We understand that everyone does not want this type of responsibility and for those that do not you are still welcome to view this site, but we will be covering topics pertaining to those interested in being a property owner of some type.

For the soon to be or current property owners, this category on housing information covers a wide array of topics. Whether you are a first time home buyer or a seasoned real estate developer/investor, we have a lot of good information that will be of interest to you.  The topics we will discuss include:

  • Types of Property Ownership: One of the topics our readers have told us they want to know about is the different type of property ownership and how to get into each type.  We will cover home ownership, time share ownership, condominium ownership, property ownership, and real estate investing, just to name a few.  Each ownership type requires different levels of involvement and responsibility and we will get into all aspects of each type.
  • Maintaining a home: Owning a home is a very important responsibility that many people do not understand until they become home owners.  The American Dream is what many people think about when they become home owners, but just owning the home is the first step in really being a responsible home owner.  In this topic we will go over the information you need to know about maintaining your home from gardening to spring cleaning and everything in between.  We will breakdown what you need to know to maintain the property values of your home for the long term.
  • Hidden expenses: There are a lot of hidden expenses when it comes to home ownership that we will make you aware of.  Real estate agents may mention a few of them like HOA (Home Owner Association) fees or property taxes, but depending on the age of your home and the location you may have to consider additional expenses like supplemental insurance and pest control services, just to name a few.  We will alert you of expenses you need to consider depending on the type of home you have, location and other factors that will determine the type of hidden expenses you may have.
  • Ongoing Services: No matter what type of home or property you have there will be ongoing services.  In this topic we will discuss the major services you need to do regularly (monthly, bi-annual, or annual), to maintain your home properly.  From carpet cleaning to HVAC repair, we will again offer our suggestions on how to pick good companies to work with.  One company our staff has used and raved about is Nashua Carpet Cleaning in Nashua, New Hampshire.  This is just one of the companies our staff has used and we will also recommend companies that our readers suggest.  Just because we recommend a company does not mean you will have the same experience with them as we’ve had.  Our readers like to know companies that have good track records with us and we will provide recommendations for you.
  • Value of Home Ownership: Home ownership can be a good way to build capital and increase your assets if you know what you are doing.  Unlike an automobile that losses value once you drive it off the lot, a home can increase value if you maintain the home and enhance its value.  With this topic we will discuss ways to increase the value of your home, how to avoid decreasing the value of your home, and what you need to know about refinancing your home/property.

Housing information is important for all people looking to really grow their net-worth through property ownership.  This category and the topics within this category will hep you better understand the real estate market and the role housing plays in this market.

If you have questions, comments, or suggestions that have not been answered on this site please contact us so we can do our best to add the information to this site so we can enhance our offerings for all of our readers. Thank you for visiting our site and we look forward to helping you become more knowledgeable about real estate.

The Staff at TreCrib.com

TreCrib Real Estate Information

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Real estate covers a wide array of topics from buying and selling to investing, and everything else in-between. There are many blogs and websites on the internet that talk about real estate in different ways.  We here at TreCrib choose to deal with real estate in a open and honest way and cut through the chase and give you real world information from architects, agents, contractors, and investors that live this industry every day.

We plan to give you information that will help you better understand this industry and show you how to buy, sell, and invest in real estate the right way.  Though there are many right ways (we do not have all the answers) to get involved with real estate, we want you to avoid the wrong ways that will cost you time and money.  In this blog we will touch on the following:

  • Real Estate Investing: Investing in real estate is one of the rare investment opportunities that has built wealth over centuries.  Unlike many other opportunities real estate still has a stigma that it requires a lot to get into the industry and make money.  In many instances this is not the case and we plan to dispel this myth through our blog articles.  Now by know means is getting into real estate a get rich quick mechanism and it will require work on your part to earn a good living in real estate, but if you do your due diligence and follow certain steps you can make a good living from buying and selling property.
  • Pros and Cons of Real Estate: Like everything else in life, there are pros and cons to real estate investing.  Like we stated above we are not the only site that provides good information, but we will give you professional advice from architects, real estate agents, contractors, and investors that do this job every day.  This gives us the opportunity to tell you the real story and avoid the cliches you may hear about real estate and let you know what really works in the field.  We want you to succeed in your real estate dealings, so our information will aim to do just that.
  • How to Buy and Sell: There is an art to buying and selling real estate and we aim to give you the information you need to be a player in this industry.  Now without experience for yourself this information will be just words on a computer screen for many people.  As you may know the real estate market is constantly evolving and depending on the area you are in the information we provide will need to be adjusted for your specific locale.  But the information we provide from the experts and professionals that contribute to this blog will give you the tools necessary to successfully learn what you need to know to buy and sell real estate.
  • Real Estate Prices: The one area that gets most people the blues when it comes to real estate is the price of property in certain areas.  As the saying goes, real estate is about location, location, location.  So where you live will determine how much you have to pay for certain types of property.  Here we will break down the different locales across the country and why you can expect to pay more.  We will also help you determine your budget so if you are planning to buy or sell property you can have a realistic idea of what you will have to spend or what you can expect to receive for a piece of property.
  • Real Estate Tips and Tricks: All other information about real estate will fit into this category.  Here we will discuss tips and tricks to help you successfully buy and sell real estate.  We will also look at real estate from different professionals perspectives.  Architects have a different perspective on real estate then real estate agents, contractors, or real estate investors.  But hearing different view points will give you an idea of what to expect when you deal with these different professionals.

From this topic you can expect to become very knowledgeable about real estate from different perspectives and have a better idea of how to handle your own real estate concerns.  We welcome your input and if you feel we are not covering the topics you want to learn about contact us with your suggestions so we can enhance this site for all of our readers.

The Staff at TerCrib.com 

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TreCrib Housing Remodel

Construction/repair of a rural house, fixing facade, insulation and painting the exterior of the home.

Doing a housing remodel can be time consuming and upsetting if you do not know what you are doing.  There has been many a marriage that has come close to ending because the housing remodel didn’t go as planned and the house was not completed in the time frame, within budget, or to the specifications the home owners thought.  This is why this section of the site is so important and we wanted to briefly explain what we will cover in this topic.

If you are looking to remodel your home or a rental property that you own, we have the post in this topic to cover all the things you will need to know to accomplish this task.  Some of the areas that will be covered are:

  • Personal Preferences: When you begin a remodel you need to understand and determine what are the must haves and what you can do without.  You need to establish this early because if you have budgetary issues later in the process you will then know where you can cut back and still accomplish what you set out to do.  A lot of people fail to do this and if the budget gets tight they tend to panic and the end result is nothing like they dreamed.  We will cover a lot of these areas more in depth and show how you can determine your must haves and what can wait or be deleted if necessary.
  • Adding Value: Determining if your remodel is adding value is an important thing to figure out if you ever plan to sell your property.  Most people know the kitchen and bathrooms are always good places to do remodels because they tend to increase in value.  Other additions may not increase the property values like pools, decks, outdoor spaces. Depending on the location and area these may actually decrease the value of the property.  These are all items we will address in future blog post to make sure you are doing your due diligence to add value to your property where ever possible.
  • Know Your budget: This is perhaps one of the most critical parts of the process. After determining your overall goals for the project your next step is to understand your budget.   Not every project is created equally.  You can take the same floor plan and do a similar addition and two people can go about remodeling the space differently, hence using different budgets.  When it comes to fixtures, finishes, and equipment (FFE), every person does not see the quality the same way. One person may want marble tiles and the other may want a marble tile look alike that is cheaper and not as good of quality, but from an outsider viewing the project they may look the same.  So determining your budget is critical to completing the project in a timely manner and keeping you sane in the process.
  • Professionals Needed: Sometimes you need to hire professionals to do the remodel for you.  Completing a do it yourself (DIY) project can be rewarding, but also frustrating if you are not familiar with all that is required to complete the project.  If this is the case you need to determine the type of professional help you will need and for how long. Many contractors are paid by the hour and not knowing how long the job will take can cost you time and money. Using the assistance of an architect as a consultant at this portion can help save you money in the long run.
  • Accessories Required: Have the tools and equipment to do the job is one thing but also having the required accessories is just as important.  Many people doing a DIY project forget to inquire about dumpster rentals prior to the beginning of a project and that can cost you time and money if you have to reserve one at the last minute.  During these post we will also recommend companies we have come across that have been great assets to our own remodeling projects.  One such company 4158053610, is a company one of our staff members used in a past remodel with great success.  Though there are others, from time to time we will highlight companies that have gone above and beyond in the customer service department to garner a reference from us.

These topics are just a small sample of areas we will cover when we discuss remodeling efforts for your property.  Some topics we will cover more in depth then others based on our experience in the industry, but if you feel there are things we have overlooked or areas we need to go in greater depth, feel free to let us know so we can add more information to that topic.

We want to hear from our readers and the more you provide suggestions and comments the better the blog will be for all of our readers. We look forward to helping you understand the real estate industry.

The Staff at TreCrib.com

TreCrib General Information

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Depending on your level of expertise in the housing market a lot of the general information we cover in this section may be slow or remedial, but that is the point.  When we have post pertaining to general real estate information we will be writing about topics that all potential, current, and past home owners should know or need to know.  We will discuss the following topics:

  • Legal Issues: Legal matters are an important part of housing and real estate.  Whether you are planning to be a home owner, a property manager or developer, you have to deal with legal issues when it comes to land ownership. This area will get into contracts and how to deal with them from a land owner or rental perspective.  In the rental market we will cover landlord and tenant agreements along with evictions, which are two popular topics. We will also cover portions of the Fair Housing Act (FHA) as well.
  • Cost Parameters: This topic will cover all the cost parameters you have to deal with in the real estate industry.  We will discuss developing a realistic budget for buying a home and determining an idea of what to expect when selling a home.  Often times potential home owners and current land owners are unrealistic about how much they need for a down payment and ongoing expenses, or what their house will really appraise for.  We are hear to tell it to you straight and let you understand what factors go into determining these numbers, so you can have a real idea of what to expect when you are in either boat (buying or selling).
  • Best Places to Live: Everyone wants to live in a nice area, but depending on your budget your desired area may not be within reach at the current moment. This area will look at what makes up a good place to live and help you determine what are the most important factors for you to consider when determining where you want to live.  We will also discuss the top places to live based on marital status, age, and children.  Many of these articles will dissect popular websites like livability.com and their rankings.  Every publication has characteristics that help them determine their rankings and how they view the best places to live.  We will look at those articles and also give our opinions on their rankings.
  • Pros and Cons of Property Ownership: There are always good and bad things about every aspect of life, and land ownership is no different.  So we will discuss the benefits of owning a home or becoming a property owner.  In contrast we will also discuss the negatives to owning a home or becoming a property owner.  Home-ownership and becoming a property owner is not for everyone and we will delve into the pros and cons of each so you can decide your own path.

Though some of the topics and articles we cover will be very dry in terms of information, the issues we address will be important to know and learn if you are interested in being more knowledgeable about the real estate industry.  Markets change and this blog will evolve with the times, but key housing issues have been around for decades.  So we will discuss the long term implications of the housing market and how these may have an impact on your decisions going forward.

We hope this brief post gives you a better idea of what to expect when we discuss general information topics on this blog site.  If at any time you feel we need to address additional topics please feel free to contact us and give us your thoughts on what we should cover to make this blog more valuable to our readers.  We listen to what you have to say and we want to provide you the information you need to make informed decisions.  Thanks for reading our post and we look forward helping you better understand the real estate market.

The Staff at TreCrib.com

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The New TreCrib

Welcome to the new TreCrib your real estate blogging website.  Here you will learn information pertaining to local/national real estate, general housing information, and remodeling information.  We all know real estate has its ebbs and flows, and knowing the right information and take you a long way in this industry.  This is where TreCrib comes into play.  We will provide you the most up to date information on the housing market and also let you know about the trends that will affect your ability to buy, sell, and maintain your property.

At the heart of this blog will be information you can use to buy a home, refinance your home, remodel your home, sell your home, or get into owning property for long term asset building.  We aim to help you better understand the housing market so you can make the right decisions when it comes to home ownership.  Everyone is not interested in being a home owner and not all home owners want to own their home forever.  So not matter your situation we are here to give you the information you need to make informed decisions.

On this blog site you will learn about the following categories:

Each of these topics are discussed in a blog post on this site, and you can click on one of the topics above to be taken to that particular article.  Each new post will cover one of these areas and if you have information that we can use or if there are topics you would like to see covered use our 310-613-5155 to reach out to us and let us know how we can be of service.  Our readers are important to us, and we want to keep the information on this site relevant to you.  The only way we can do that is if we hear from you.

TreCrib is committed to helping you figure out what is best for you when it comes to real estate, and if you have any questions or comments regarding our blog site please leave us a comment and contact us so we can enhance this site for our readers.  We want to hear from you and you make us better through your input and interaction.  So don’t be afraid to suggest topics you would like to see us discuss or information you heard about that you would like us to cover in depth. We wish you all happy house hunting.

The Staff at TreCrib.com

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