What You Need to Know About Investing in Real Estate

Описание: Attention Santa Cruz real estate investors or those of you who have been dreaming of becoming Santa Cruz real estate investors. Hi, I'm Shemeika Fox, your Santa Cruz real estate expert. Do you have what it takes to becomes the next Chip and Joanna Gaines? I always thought I did. Or maybe you are a newer Santa Cruz real estate investor and you have no idea where to even begin.

The tips I'm about to share with you can be utilized even if you do not have your real estate license. Number one, you must become laser focused on what area you want to work in. Remember, the riches are in the niches is what they say. You wanna dial down to zip code rather than area code.

Number two, if you don't have access to the MLS data, then you're going to wanna use a site like Zillow or realtor.com and look at the last three to six months of transactions in the zip codes that you have chosen for properties that look distressed and then sold for cash and then the flip side or when the property reentered the market all fixed up. You are looking for the profit margin for analysis so you can educate yourself on possible gains or loss, depending on the area in which you are looking.

Number three, you are going to have to get out and connect with the locals. Not all Santa Cruz real estate happens online. By connecting with different people and groups in the areas that you are wanting to be working in, you may find that perfect off-market opportunity that otherwise would have been available to you. You can also drive the Santa Cruz neighborhoods in the Santa Cruz zip codes that you have identified and look for Santa Cruz homes that look dilapidated and distressed, and also vacant. Once you have identified the addresses of the Santa Cruz homes that look like they might need a little extra love, work backwards to find out who the owner is and/or if there is a local Santa Cruz realtor already involved in the sale who can help you.

The next thing you should ask yourself when considering whether or not to invest in Santa Cruz real estate are what is your Santa Cruz investment criteria? Can you buy a Santa Cruz rental house the same way you can buy a Santa Cruz apartment building? Defining your personal criteria for Santa Cruz real estate purchases is a vital step in successful Santa Cruz real estate investing.

Another question to ask yourself is what is your Santa Cruz real estate investment strategy? Do you wanna buy and hold? Do you enjoy the prospect of house flipping or does wholesaling excite you? Is your goal cash-on-cash returns? This would be the level of return or cash flow you want to achieve with your investment. Your budget and the type of property that you may be interested in could be surprisingly difficult to define.

Things to consider when deciding what to invest in are the property size. Are you interested in single-family homes, town homes or condos or would you prefer a fourplex or a multi-family Santa Cruz property?

There are lots of details to consider when you're considering investing in Santa Cruz real estate or real estate in general. I hope this was helpful and gave you some insight. If you would like to discuss your real estate needs further and investing opportunities, please feel free to reach out for a confidential complimentary consultation. I'm Shemeika Fox, your Santa Cruz real estate expert and as always, I'm here to help.

Shemeika Fox: Your Santa Cruz County Real Estate Expert. My passion for helping people achieve their Santa Cruz Real Estate dreams is complimented by my strong work ethic. Our focus is to help you sell your Santa Cruz County California property faster and for more money… and to help you find and buy the perfect home with little hassle.

Shemeika Fox
Santa Cruz Realtor
eXp Realty of California Inc.
Fox Realty Group Inc.
831.588.2334
[email protected]
https://www.yoursantacruzrealestate.com/
DRE: 01479629

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