Northeast Real Estate

If you are planning on investing in the northeast part of the united states then you better be prepared to have numerous investment strategies. This part of the country is amongst the most expensive real estate in the country. Things are not just over priced in the upscale neighborhoods but ironically also in the lower income neighborhoods. As a potential real estate investor one of the main things you always have to keep in mind is that anyone at any time may believe that they can get rich and prosper in real estate simply because they own a house. They will also make plenty of attempts to sell their properties at a price that is so high that you will pass out. This is a headache. Real estate may be one of the few professions that consantly fosters denial upon its participants. This denial will provide great obstacles if you are attempting to do foreclosed or bankruptcies. This environment is called a sellers market. In this type of atmosphere you should increase your patience and keep an eye out for properties that no one else is checking for. If you have any access to loans, investors or sums of cash this is the best time to scoop up as many properties as you can. The lower income properties or vacant properties will increasingly become your best friend. You will have little competition and you won't have to worry about home owners selling their homes because "word of mouth" tells them that they can charge anything they want.

Also, in the northeast you should definitely attempt to move into larger properties such as apartment buildings. These types of properties are plentiful in the northeast and you never know which property owner may be willing to sell their building because they are tired of renting and tired of the real estate business. For examples of potential investments in the northeast region such as New York or New Jersey check here. In a sellers market it is very important to keep your cool and don't get anxious because the deals here are moving slowly. Straighten up your marketing and advertising. Visit your local court houses regularly to grab the most current bankruptcies available. Also grab a list of the most recent probate cases while you are there. Although dealing with the deceased is a tragic thing to deal with, there are tons of opportunities lying around in probate courts that can yield you tons of properties if you are diligent. Following these few simple ideas will put you in a secure position in the northeast region and will allow you to profit regularly even though it is a sellers market and things may seem slow.

Washington D.C. Real Estate

The nations capital. Who would ever think that the nations capital is also the capital where most of its vacant and abandoned properties are flooding with unpaid back taxes? Well welcome to a real estate investors best and worst nightmare. Practicing real estate in the District you will definitely have to learn sophistication. Not sophistication in the sense of getting dressed up and brusing up on your table manners. The type of sophistication needed in this region deals more so with technique as opposed to ettiquette. More so then any other location in the United States, D.C. makes it extremely easy to get familiar with the property you are attempting to get a hold of or invest in. Step one is to get acquainted with the recorder of deeds of office. In this office you will find the deeds and ownership information to virtually any and every property in the District. While you can do this any where in basically any county, there may not be any place like this one that makes it so easy to look up a property without having to wait on service, shift through endless computers and shuffle from various buildings like you would have to in New York. In this office you can research properties and check out the latest foreclosure list all in one building.

To really get a leg up and become successful in the d.c. real estate market you will have to be very dilligent in your letter campaigns and your foot and grind work. It is in this authors opinion that the best way to become consistent with your cashflow and property availability is to focus heavily on BANKRUPTCIES AND VACANCIES. These two areas of real estate are strong and highly recommended because you not only have d.c. to deal with but you also have the neighboring states of MARYLAND AND VIRGINIA. The amount of people filing bankruptcies or just flat out neglecting a property because of taxes or relocation increase just because of proximity to completely different yet close geographics. You can reach your potential house sellers by embarking on a very rigorous letter writing campaign expressing that you would like to buy their properties. You can learn more and gain lots of knowledge to assist you in this campaign here. Due to the fact that D.C. has a very mathmatical and organize design makes it easy to find properties that have been left by thier owners. If you choose to use FORECLOSURES to gain wealth and success in the real estate business, then you may find yourselves in heavy competetion here. Foreclosures are the lure for every would be newbie investor that has the desire to increase his bank account. In this city letters and good old fashioned knocking on doors would put you ahead of most people practicing real estate.

One of your biggest obstacles in the capital may be the ever changing laws and the rise of banks severing their dependencies of real estate agents and the huge liabilities that acrues when a bank or mortgage company reclaims the property and the property sits and collects dust while not collecting any money.