The Numbers to Look For in Every Real Estate Investment

Calculating a Successful investment with edic properties

Rock bottom real estate prices are enticing some novice real estate investors into the market. But before you join the ranks of landlords, be sure you have a strong grasp of the financial information that can make the difference between becoming the next Donald Trump and finding yourself in bankruptcy court. Here are eight real estate investing numbers you need to know. (For more information on buying a home, see: A Guide to Buying a House in the U.S.)

Finding Real Estate Deals in a Hot Market

An Aerial View of A Syracuse New York Highway

If you’re having difficulties with finding on-market deals at the price points that meet your investment goals, you aren’t alone. In today’s competitive market, relying on available listings as your sole source of new deals is not viable or effective, as an investment strategy. As of September 2017, the median list price of homes is up 10% year-over-year, while the number of days on market and inventory are down 10% and 9%, respectively, according to research by Realtor.com. In hot markets, these numbers soar far higher. Fewer deals are available, and they are selling faster and at higher prices than just a short year ago. It’s a trend that shows no signs of waning soon. In fact, CNBC recently reported … Read More

The BRRRR Method of Real Estate Investing

Inside a luxury apartment with the aesthetic of Edic Properties LLC

The BRRRR Method is an effective strategy used in real estate for exponentially growing your real estate portfolio. This strategy is a powerful and proven way to leverage. If done correctly, the BRRRR Method can help you quickly grow your real estate business in a matter of a few short years. Buy – You don’t want to just purchase any house. Don’t simply call up a realtor, and pay over market value for a house plus closing costs. You want to find a property below market value, so that you can add value in repairs. The purchase is very important in this process—buy low! Repair – Repairing can be tricky, because you don’t want to spend more than necessary, but … Read More

What Makes A Good Real Estate Investment?

High end luxury apartment building or loft that is a typical commercial investment

So what should you look for in a potential house flip? Close to You. You will work on this house daily in the weeks and months to come. Do you really want to work all day, and then drive an hour to get home? Don’t invest in a house too far away from where you live; you will spend more money on gas, and it will take longer to fix up the house. Analyze the Kitchen. The kitchen is the most important room in the house. Pay close attention to this area when you buy a house. Most experts recommend you focus on remodeling the kitchen, and then look into bathroom redesign ideas. Analyze how much you will have to … Read More