Easy Steps to Selling an Investment Property
By : James Klobasa

Believe it or not, the most stressful part of real estate investing is making a sale. During this phase of the investment there are so many things that can go wrong, and your profit depends on making a smooth and quick sale. While most sales do go through smoothly,
the uncertainty and anticipation can keep you worrying late into the night. This is especially true if you choose to bypass an agent and sell your property on your own.

A brokerage agent does do a lot of leg work during a sale, but all of it comes at a cost. Hefty brokerage commissions turn many investors off of the idea of using an agent and onto the idea of selling the property themselves in the hopes of increasing residual income. If this sounds like something that you would like to do, follow the following steps for selling your investment property.

The first thing that you need to do to make your first sale in real estate investing is to calculate the asking price for the property. You can do this by hiring a professional appraiser to price the home or by checking the sales prices of comparable homes in the same area of your property. This is normally done at the court house by comparing similar recent real estate sales prices within a few miles of your property. You should also take into consideration the current real estate market. If the market is a buyers market, you will probably have to lower your price. If it is a sellers market, on the other hand, you might be able to fetch more than the market value of the property.

Once you have settled on a price, you need to market the property. This involves advertising the property and showing it to perspective buyers individually and at open houses. During this phase you should also contact your attorney to draw up the necessary purchase contract forms. This purchase contract will need to be signed by you and the buyer once you have negotiated an offer.

After you have negotiated an offer, the real work begins. Now it is time to close the deal. To do this, you will need an escrow company to perform the closing. This is the time of paperwork as you will need to provide the buyer with disclosure statements and he will need to provide you with a loan commitment letter. Inspections are also performed during this time and a title search will be completed by your escrow company. Next, you will need to meet with the escrow company and buyer to sign the paperwork, pay closing fees to the escrow company; pay off the mortgage; and pay or put aside any taxes owed.

As you can see, the closing phase is the busiest time of selling your first property in real estate investing. But it is also the most exciting. This is where all of your hard work pays off and you get to walk away with the profit.

Author Resource:- James Klobasa, once broke with no job and $20,000 in debt made a choice that changed his life forever. That choice was investing in Real Estate. With the founder of, The Little Building Co. you too, can learn at Real-Real Estate Investing

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How To Consistently Reach Your Real Estate Investing Goals
By : James Klobasa

When it comes to investing goals, setting them is the easy part; its reaching them that can get a bit complicated and challenging. What looks feasible on paper can seem insurmountable in real life when obstacles present themselves. Overcoming these obstacles and keeping your goals at the forefront of every investing decision that you make is key to moving up the real estate investing ladder and building residual income.

The number one thing that can distract you from your goals is discouragement. In the world of investments, particularly those involving real estate, nothing goes quite as planned and there is always some element of risk. A miscalculation of costs or an unplanned emergency repair can set you back thousands of dollars. If you allow setbacks like these to discourage you, your project will likely hum along on a sour note making it even harder for you to recoup your original losses. If you remain optimistic, though, you will be able to bounce back from setbacks and stay on track ultimately reaching your goal.

In addition to remaining optimistic, there are several things that you can do to ensure that you meet all of your real estate investing goals.

Here are a few tips that you can try for yourself: Break large, long term goals up into smaller, short term goals. Short term goals don't seem as impossible or as overwhelming as long term goals and are easier to attain. Meeting short term goals also motivates you to keep moving forward as you can track your progress with each milestone met.

Display a list of your goals in a spot that you will see them and be reminded of them often. In a hectic world, its easy to lose sight of plans that you have made, but by constantly reminding yourself of the goals that you have set, you will be able to keep them at the foundation of all of your decisions.

Re-evaluate your goals often. The real estate investing market changes constantly and you have to be ready to change with it. A stale goal strategy will only put you further and further behind your competition. Be ready to change with the market and adjust your goals accordingly.

Consistently meeting goals requires consistency on your part. Begin each day by asking yourself what can be done that day to help you reach your goals. And don't be discouraged by progress that doesn't seem to be moving along as well as you would like it to. Any victory, no matter how small, brings you one step closer to realizing your ultimate investing goals.

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