A recent article by David Bauder in the Associated Press discussed the fact that real estate investing television and the real estate market seem curiously at odds at the moment. While reality television depicting house flipping and providing a venue to learn real estate investing continues to do well, the real estate market has noticeably cooled.
Bauder likens the television shows to out-of-touch developers, noting that TV programmers continue to tout real estate deals featuring a fast sale while many properties across the country languish in ?for sale? status. The A&E Network's "Flip This House," TLC's "Flip That House," and Bravo's "Flipping Out" all continue to rake in ratings and advertisers.
The networks are even expanding with new shows. TLC will be launching a new show, "Date My House" as well as five other related programs supposedly to help people learn real estate investing, yet the programs we've seen thus far are fairly untypical of the commonplace investing dilemmas investors face throughout North America. HGTV enjoyed some of its best ratings this past January, and a good part of that success stems from real estate shows.
Nine of HGTV's most popular 10 shows deal with real estate. Shows such as "House Hunters," "My First Place," "Hidden Potential," "Buy Me" and "Design to Sell" seem to draw in viewers in spades. HGTV even did a special in February about buying a first home.
As foreclosures increase, the economy goes from ?Bad to Worse?, we're witnessing the worst type of ?learn real estate investing? shows that can be offered ? an often glitzy, glamorous look to the upside of real estate investing?.that mostly glosses over the fact that the true ?reality? is that sellers nationwide are frustrated in trying to sell their properties. Since ratings are what television networks need to show advertisers in order to garner ad revenue, isn't it a wonder why the television shows sometimes reveal an interesting lack of reality then?
There is an upside to the current programming about house flipping ? as long as you are not using the shows to learn real estate investing.
Brad Wozny, writer and creator of "8 FIGURE Empire?: A Proven System That Shows Investors How to Generate a 6 Figure Bank Account and Realize 7 Figure Real Estate Gains in as Little as 7 Months," points out that these shows are basically infomercials for real estate professionals (e.g. Realtors).
The high ratings plus this feature can make a reality show a powerful venue for real estate pros. Don't learn real estate investing practices from TV shows is the bottom line ? instead consider aligning yourself with a proven real estate investing mentor to learn real estate investing from the ground up.
How To Learn Real Magic
This article will give you a quick primer on the ins and outs of private lending. When you are working towards becoming a strong real estate investor, having private lenders will allow you to do some deals that others could not. Think about going to buy a new car and the discount you may be able to negotiate if you write a check on the spot. Having private lenders allows you to be that one with the check.
Using private lenders is easy. You simply have to establish a relationship with other individuals who have access to liquid money. You are able to work with these individuals because the interest rates you will pay them will be higher than the rates of return they normally will receive at the bank.
You will also put a lien against your property for the amount they lend to you. Think about this from the private lender's point of view: they have a secured interest in a property with a higher rate of return than they can find at the bank. When you normally buy a house with private money, you often get a great deal, potentially eighty cents on the dollar or better.
When working to find private lenders, you will want to advertise what kind of rate you are paying. People will not believe that you are serious until you put a potential rate into the paper. This is how many real estate investors are able to get private lenders. By putting an ad in the newspaper, you are able to allow those individuals with excess cash to raise their hands and say they are interested. This makes it easier than you calling your friends and family. By lining up private individuals ahead of time, you are able to have access to money when you find the good deals.
To file a mortgage is easy. You will simply get a document from your lawyer or from your office supply store, fill it out, and then have the mortgage recorded at your county recorder's office. This will give your private lender peace of mind that he or she is safe and comfortable with the transaction.
Think about the simple steps you have just accomplished: putting an ad in the paper, waiting for people to call you, finding good deals, and recording a deed. This does not cost you a great deal of money and you are able to make sure you find the deals you want. Think about the benefit of going into real estate deals now with the mindset of a cash buyer!
Both Brad Wozny & are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Brad Wozny has sinced written about articles on various topics from Real Estate, Foreclosure Help and Real Estate. Brad Wozny is a real estate investing expert. Let Brad show you how to connect with eager real estate investor buyers & sellers of INVESTMENT properties. Access private money & creative lending resources. Claim your FREE Strategic Investment Manifesto and. Brad Wozny's top article generates over 201000 views. Bookmark Brad Wozny to your Favourites.
has sinced written about articles on various topics from . . 's top article . Bookmark to your Favourites.
Bare Essential Mineral Makeup To receive the benefits of mineral makeup yourself, make sure you buy all natural, cosmetic grade mineral makeup from a source you trust