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DC Fawcett Complaints on common mistakes made by investors in real estate market

There are different types of real estate investment which can be a life changing career for many. From buying a vacant land to purchasing the rentals for cash flow income, real estate investments can be more profitable if done carefully. These investment options have multiple advantages like huge profit even from a single transaction and also some pitfalls. – DC Fawcett Complaints

Real estate investment gives you financial independence and profit, so, many new investors are starting their career in market every year. But, many of them are not aware of the scams associated with the field. People who want to make money from real estate investments fall prey for such scams and end up with loss.

DC Fawcett complaints such scams are targeted at new investors and they cannot be traced out easily. Let us see the DC Fawcett scam avoiding techniques one by one,

Online real estate scams

This is very common scam faced by real estate investors! Many investors who are not aware of this type of scam get cheated very easily. The scammer will pose as a real estate owner and insist on wiring the money to him. This happens online and you cannot trace the person easily as he will be not be dealing with you directly. The online scammer refers to the listings of home to be sold in MLS, copy them and post it in his scam website. The investors who refers to his website for real estate investment, contacts him and wire him the money immediately. The scammer might have offered incredibly low price for pricey properties and convince the investor to act soon for the deal.

DC Fawcett complaints on many investors who wired the money to such fraudulent people and can be never seen after the scam. To avoid such scams, you have to contact the sellers and insist on meeting them for closing on the deal. If you hear any excuses like they are offshore and cannot be in person for the closing then there is something fishy. Do not respond to their email transaction request and avoid their calls too.

How to get rich quickly in real estate business?

DC Fawcett reviews that many scammers conduct workshops on getting rich in a quick way. The truth is, real estate investments won’t work that way! There are many websites and seminars conducted by the renowned real estate gurus which can be of great help to the investors. But the scammers might conduct such meetings only to get money from you.

To become a successful real estate investor, have patience and work hard right from the start. Do not spare even little things that have to be learnt in real estate investment as they may help you a lot with the business. Speak to experienced and even the novice realtors and also share your experience with them. They might have been in the same situation and help you with their knowledge.

DC Fawcett, an eminent and notable real estate expert has been guiding hundreds of real estate investor by sharing his years of knowledge in real estate business. For more info on real estate topics and how to get started easily with the investments, log on to dcfawcettreviews.com.

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DC Fawcett Reviews on how mortgage short sale training will help loan officers

Short sale business

When a home owner has a huge outstanding mortgage payment with the lending company, then he put up the property for short sale. It will be used to repay the lender but it will be less than the full repayment of mortgage. By this way the borrower will be released from the mortgage and the house will be sold. Even though it is sold for less price, the lender at least get about 70-80 percentage of the mortgage due. Short sale mortgage can help the lender to avoid big losses for the company.

DC Fawcett reviews states that buying such mortgage short sale properties and selling them for higher value is what the mortgage brokers actually do. Will it be a profitable career? How to do this efficiently? Is there any training given to do it? DC Fawcett mortgage short sale training will help the loan officers and make it as your primary business.

General tips on how to get started with mortgage short sale

  • You can search the lender who has mortgage property for sale online or using multiple listing websites and contact them. You can buy the property from them directly
  • According to DC Fawcett reviews once the short sale proposal is finalized, make an agreement of the proposal which clearly denotes the price of the property. It should be the lowest price in the market since you are buying it in short sale
  • Make sure that your agreement ensures that the lender will not demand the deficiency amount from you. If you paying the deficiency amount then the short sale business is of no use. The lenders will agree for this point because they have to avoid foreclosure at any cost
  • After signing the agreement with the lender, start marketing the property with right channels. There are various options available like newspapers, advertisements in classifieds etc.
  • Once the agreement is finalized and you started marketing the house for sale, you’ll find a potential buyer. DC Fawcett complaints on overpricing the home and make sure you price it higher than the buying price from the mortgage lender.
  • Do necessary rehabs before selling the property to buyer. If the home is too old, then do necessary repairs and renovation before staging it. Fix the leaky faucets, replace the torn carpets and repair the roofs before showing it to the buyers.
  • You can also wholesale the house to rehabber and sell the house in as is condition. Many sellers opt for this option since they find rehabbing process to be a tedious process.

Before buying the mortgage short sale property as an investment, make sure you are buying it for right price. Even if the lender is selling the house, he may have no knowledge about the pricing since the seller will be pricing it. The seller and the agent will assign the price for the property. Check the comparables in that area and make sure the property is not overpriced. It can take from 1 to 3 months to complete the transaction while buying a short sale property. DC Fawcett complaints that many investors confuses the term “short sale” for the process as it may take long time to complete.

DC Fawcett reviews trains you with the best strategies available in the real estate market. His training will help the loan officers on how to buy the mortgage short sale properties easily!

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DC Fawcett real estate secret to short sales and home foreclosures investing

“Short sales and foreclosures are the two best financial options for real estate investors. You can start with minimal investment money and get more profit within short duration of time. “ says DC Fawcett reviews.

A brief introduction to term “short sale”

Selling a home for less money than the mortgage balance is known as short sale. If a person has a mortgage for his home for about $100000 but selling a home for $75,000, then he has $25,000 balance mortgage amount remaining. Selling the home for such a price is called short sales.

A brief introduction to term “Foreclosure”

Failing to repay the mortgage amount to the lender may lead to foreclosure. At such instance the lender will seize the property since it has been used as collateral.

Secret to short sale and foreclosure investing

The short sale process begins with the lender who holds the mortgage. Once he decides for the short sale, the documentation process begins and they must sign off to execute the short sale. In most cases the lender will be a bank and it has lot of procedures since the process needs money. Sometimes the bank may also lose some money in the process.

Lets say the bank approves the short sale, the potential buyer might consider to ask for low price and negotiate with the sellers. Once the transaction is confirmed, then he approaches the bank for the purchase approval. Without the approval from lender i.e. bank you cannot buy the short sale property.

DC Fawcett reviews the pitfalls of short sale investing

The major drawback of short sale investing is it might take from months to even a year to complete one transaction. It is such a long process and lot of paper work is involved.

Instead of bearing a total loss of money, the lender might feel to get at least the major portion of the property. Hence short sale is a better option in many cases than a foreclosure.

DC Fawcett complaints on traditional short sale investing, that has restrictions to sell the house immediately after purchasing it. Therefore if you are buying a short sale property then be aware of the fact that you have to hold on the property for sometime before selling it.

How to buy a foreclosure homes easily?

It may be a tedious process to find the foreclosure home, hence hiring a real estate agent who specializes in foreclosure property sales would be a better option. He can easily find a home which suits you and get an approval from a lender.

Many websites contains a large database of foreclosure homes and you can easily find such websites online. Multiple listing websites may consist of combined data of homes for sale; you can easily filter foreclosure homes from those data and get the required information. Search for REO (Real Estate Owned) homes which denotes that the home has been through the foreclosure and concerned lender i.e. bank is ready to sell it.

DC Fawcett complaints on the drawbacks of hiring a separate realtor for buying a foreclosure properties, you can find a bank’s agent for selling such homes. The bank will have some realtors who work significantly for selling foreclosure properties. Find such agents and work directly with them instead of hiring a real estate agent, so that you can save some dollars spent on a realtor.

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DC Fawcett Real Estate – Tips for Women home buyers

Introduction

Single women are surging ahead in real estate investments. Gone are the days, where a father’s or husband’s signature is required for a woman to purchase a home. Accounting for 18% of homebuyers after married couples, the National Association of REALTORS says that single women are changing the face of homeownership. Stability, investment opportunity and life changes being the driving factors for single women to own a property instead of rent, if truth be told, they are the second largest home buying group. In order to help all single women out there to make a wise purchase this article will list out some prudent points that will make your purchase wise and profitable. Let’s get into the tips right away.

Dc-Fawcett-Real-Estate-Tips-for-Women-homebuyers

Big-ticket repairs:

Foundation, windows and the roof are the main things that you should have a keen look at when you are inspecting a home. Seeing that both repairing and replacing any of these can cost you a leg and an arm, find out the costs during your home inspection time frame and report it to the seller. There is another option too. Read on to know it.

Try getting seller concessions:

Well, there are several misinterpreted aspects of ownership, one of the most misunderstood parts is the amount of money required to maintain the home. Certified financial planners say that anywhere from 1% to 3% of the home’s value is required every single year to cover fixes. In the present day, a lot of buyers are able to get concessions from sellers upfront in order to fix any impending problem which in turn helps cut the maintenance cost. Besides, buyers these days ask for a year’s warranty on the major systems and appliances that cover repairs and sellers are also providing and paying for these policies says professional buyers’ agent.

Have a keen look at the credibility factor:

Every new day we come across news stories about buyers who have been deceived by fly-by-night developers or agents. This may be in any form like either the project is delayed unjustly, or has never taken off or even if it is grossly partial from what was promised in the beginning. Hence, it is always good to have a check on the credibility factor such that you don’t fall to these con artists.

Conclusion

Are you a single woman who is still struggling to strike the home buying trend? Perhaps you should consider investing in your own home. Follow these aforesaid tips and jump the bandwagon of home ownership. Become more financially literate and get your questions answered by DC Fawcett, a real estate connoisseur who has mastered the art of wholesaling, rehabbing, and cash flow investing in virtual markets. Assisting people throughout the course of their real estate journey, he will help you become skilled at investing concepts and guide you how to grow through his proprietary Virtual Real Estate investing systems.

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DC Fawcett Virtual Wholesaling-Townhome Ownership,Absentee Landlordism,Commercial Real Estate,Entrepreneurs

DC Fawcett Real Estate Guidelines To Entrepreneurs.

Businessmen are facing financial crisis often due to decline in rate of interest in the market. They take up mortgage loans for their business improvement. To repay their loan, after your work hours, you have plenty of time? You can make money. Some entrepreneurs are thinking what to do with the profit earned out of their business; the investing strategies are explained in this article. The aspiring entrepreneurs can invest in real estate.  

DC Fawcett Reviews talks about how entrepreneurs can invest in real estate and the risk involved.

DC Fawcett -Real-Estate-Guidelines-To-Entrepreneurs

There are two ways of investment:

  • Active: This requires more hands –on work either by you or someone should manage it on your behalf. E.g. Real estate investment like lease.

 

  • Passive: Exactly opposite of active where no or less hands-on work. E.g. portfolios

 Dc Fawcett Real Estate

Risks involved in investment:

  • Inflation risk : loss of purchasing power

 

  • Systematic risk: stock market volatility

 

  • Unsystematic risk: going bankrupt

 

  • Interest rate risk : decline in rate of interest

 

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How real estate influence entrepreneurs?

  • Mortgage

Small scale entrepreneurs usually take up mortgage loans to flourish in their business, improve their work environment. These loans can be either short or long term and rate of interest may vary. At the end of loan period, they have to refinance.

  • Financial advisor

Many investors are seeking internet to get to know about finance, the financial advisor job is minimal as everybody are using real estate related websites to gather information. It is a cost effective method.

  • Create diversified portfolios which depend on comprehensive investments, risk tolerance and age of the individual.

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Tips to make investment:

  • Start small and dream big

Start doing small investment and invest in huge investments later once you get well versed.

  • Little companies make creative branding

Small companies do aggressive promotion to make a mark in the market. So keep an eye on how your competitors work.

  • Social media

Social media like Facebook can help you out, post the content so that it goes viral and you will gain many customers in the meantime.

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  • Patent

Don’t rush to get a patent immediately as it only patents your business and not your work.

Many entrepreneurs commit this mistake by getting a patent as soon as they start a business.

  • Marketplace report

The best way to seek attention is to create a marketplace report. You can catch the limelight easily once you do extra ordinary reports.

  • Partners

Build your network by choosing right people with good attitude from the industry and mingle. This will increase the enthusiasm. Keep the experience criteria as secondary.

DC Fawcett Real Estate Overview On Townhome Ownership

Owning a home is something to be proud of every investor put his efforts to buy a property.  Properties are of various types: single home, multi family home, condo and township. Those who enjoy community lifestyle, townhome are preferably for you.DC Fawcett Real Estate discusses about pros and cons of townhome ownership.

DC Fawcett -Real-Estate-Overview-On-Townhome-Ownership

The 3 major factors to be considered before buying a townhome are

    • Cost
    • Structure
    • Privacy
  • Structure

The house construction basically differs from a normal home property. A townhome is usually attached to another townhome which is similar in its structure. They are more compact and are suitable for nuclear family or retirees. A party wall is constructed in between which acts as a divider or pillar that separates two or more homes. It is more like a condo but townhouses are built one above the other.

  • Cost

The townhomes are preferred because of its affordability factor; it is cheaper than a traditional home. They are recommended for first time owners. It’s affordable because the cost is shared by a group of people. Utility expenses i.e. heating and cooling are way cheaper in a townhome and you tend to save a lot on this.

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  • Privacy

The major drawback is privacy issue is said by many in general, but sound proof homes and high quality construction eliminates these issues easily.

What all have to enquired before buying a townhome?

  • What are the amenities and services available in the community? Usually townhouses are designed in such a way that it includes all amenities of an apartment living like swimming pool, indoor court. The common area maintenance cost is also shared by the entire community. This will give you the information on what all you have to buy and how much you need to shell out from your pocket every month.
  • Associations are there to organize meetings, acts as help desk and take care of the community. Enquire about the rules and regulations before signing; these rules should be followed at any cost. So find whether you can follow all the rules. Meetings are held in the room provided to discuss any issue as well as conduct activities for recreational gathering.
  • Pets are allowed or not, enquire about it as many communities do not allow.

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DC Fawcett complaints on townhomes

Many would be designated with posts like secretary, accountant etc, so your presence is needed almost all the time. Exterior part has to be kept incredibly neat and clean as a part of the association, they expect you to co-operate.

Pros

  • Living closer to town so availability of basic needs is easier and closeby
  • Save maintenance cost
  • Security: townhomes are gated communities and people live close to each other. So people are free from robbery.

DC Fawcett Virtual Wholesaling – Issues Of Absentee Landlordism

Absentee landlordism refers to the people who own a property in abroad which is given out for rental purpose as he/she stay in his/her home country DC Fawcett Virtual Wholesaling  . The owner can be anyone like a local investor, corporate entity or a conglomerate in abroad buys a property in overseas as it is a form of virtual real estate investment.

DC Fawcett reviews the issues undergone by a tenant in absence of a proper owner.

DC Fawcett Real Estate -Issues-Of-Absentee-Landlordism

*Rental issues:

As the proprietor is away, the tenants may not pay rent on time. But it is advisable to pay on time so as to remain in good books of the owner. This may also help in situations when you need immediate assistance from him/her.

*Maintenance:

It is the prime duty of the tenant to maintain the house clean. The walls and lofts should be kept away from dust and dirt.  In case, furniture or electronic appliances is provided by the proprietor at the time of moving in, it must be kept in good condition so as to have a smooth inspection when the owner visit.

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*Repairs and renovation cost:

There may be situations when some repair and renovation work has to be done in absence of the owner. At that time, the tenant should be in a position to shell out the money from his/her pocket. The amount spent on repairs should be informed to the landlord when he/she is reachable. Friendly relationship with neighbors is also important as it can help during any crisis.

*Communication gap:

There would be apartment meetings or some circumstances which may require the presence of the owner to communicate important information. But it is one of the biggest hurdles that a tenant should undergo in absence of the landlord as he/she is out of reach. In that case, telephone calls and messages pave way for communication.

*Freedom and Friendship:

Some owners may not prefer the tenants to have a pet at home. But in case of absentee landlord one may like to have it. Ensure that it doesn’t cause any damage to the house. Parties or watching television may result in noises which therefore affect only the neighborhood.

Good relationship with your neighbors can prevent yourselves from complaining to your proprietor.

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The complaints accused on absentee landlord

*The only motive of the owner is to extract the economic value of the property through monthly rent and least bothered about the social welfare of the tenant who pays the rent.

*The outward flow of economic capital as he/she doesn’t reinvest in local region.

*Minimum relation towards the land and buildings as the proprietor stays far away

*Repair work is overlooked to avoid taxation.

*Generating legal problems.

The property management companies  help in finding the tenants, collecting monthly rent and solve issues like repair work in absence of the owner.

DC Fawcett Views On Emerging Trends In Commercial Real Estate

DC Fawcett Real Estate-Emerging-Trends-In-Commercial-Real-Estate

Commercial real estate has a prominent significance in today’s marketing world and DC Fawcett Reviews the emerging technology trends in commercial real estate (CRE).

  • Impact in CRE

The CRE professionals used Excel which contained all the database a decade now  have now transformed into automated systems consisting email ,accounting and other necessities in a sophisticated manner. These trends are used in startups and the impact is reflected on big data, smart cities and process automation.

Property management companies play a vital role as everything can be tracked down by the authorities and investors can make request on purchasing a property online and they can find the ongoing net operating income. These companies manage multi storey buildings and properties

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  • Market place

Market place lending ]has emerged more than residential real estate, as they are the main source of income for all commercial real estate ventures in different ways like crowd funding.

  • Big data analytics

Big data analytics has been a transforming force in each and every industry which has reduced man labor and has created a platform for CRE professionals to analyze the statistics in depth.

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  • Alternate methods of investing

Crowd funding has emerged to be new trend in CRE. The MLS listing information available to genuine realtors has paved way for quick search of properties online.

  • Evolution of 3D

Though 3D came into existence decade ago, it is emerging as 3d models can be used by real estate professionals to show to the buyers for better visualization.

  • Post-transaction service is very essential and helpful for real estate professionals as it improves their value and building a rapport with real estate agents post transaction is beneficial.
  • Virtual reality

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As we live in a fast paced world, many landlords don’t have time to show the property in person and may also consider hiring a real estate agent is costly.

At that point of time, virtual tour helps where you can show the properties online to the buyers who are interested in the property. This will save time as well as helps in eliminating the properties easily when you have multiple properties to look through.

  • IOT has helped the retailers to monitor real-time activities; this will help the investors to make his movie accordingly while making an investment. With the help of internet we are able to achieve everything mobile.
  • Artificial intelligence (AI) has helped the CRE professionals in structuring data and information of non closure, lease and other legal agreements.

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It is important to cut an edge among other investors through different emerging ways of investing to stay in the race as well as earn quickly.

  • Commercial real estate scam happens mostly in form of misappropriation of funds means that when a person uses the money he obtained from loan to an unapproved project.
  • Advance fee scam is very common when a con artist approach you when you are struggling to finish the legal procedures of a new property, he gets so called “advance fees” from you stating he will assist you in completing the legal work, but he won’t.

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Conclusion:

DC Fawcett virtual real estate investing club has a blog which talks more about absentee landlordism, so tenants who are in need of more solutions can read the blog to tackle the tough situations.

DC Fawcett, a real estate professional has started virtual real estate investing club so that investors can get an idea about it. Entrepreneurs who are interested in real estate can make use of these blogs which will also help you out to stay scam free. The aspiring entrepreneurs can make use of DC Fawcett virtual wholesaling methods as it involves no risk and cash.