Things Every Real Estate Investor Should Know

If you wish to invest your money, a stable option is real estate investing. Keep in mind that the location is key; if you find the perfect property, you will gain a profit. It is true what they say about location, location, location! Our experts here at CDA Real Estate Investment & Property Management are well-versed in this topic and are here to help you grow your profit. Read these tips to learn more.


Marketing will be crucial to your success. Marketing is what generates your leads. Without solid leads, you are not going to find good deals on properties. Therefore, if something is not working in your investment plan, turn to your marketing strategy first to see what is going on and what can be adjusted.

Be Punctual

Always be on time when you set up a meeting with a potential client. This will indicate that you mean business and will show no disrespect to your potential customer. Coming to a meeting late shows that you are unorganized and do not care about your customers, which will cause you to lose them.

Choose Properties Wisely

Be careful about choosing properties with strange room layouts. You may personally find it interesting, but many people don’t like these strangely developed properties. They can be extremely hard sells. Picking one up without a potential buyer in mind can lead to it sitting in your inventory for months, if not years.

Be Cautious

If you purchase a property and need to make repairs, be wary of any contractors who ask for money in advance. You should not have to pay before the work is done, and if you do, you run the risk of getting ripped off. At the very least, never pay the full amount ahead of time.

Do Your Homework

If you are looking to buy a rental property from a seller, ask to see his Schedule E tax form. That particular document will honestly tell you what kind of cash flow you can expect from the property in question. Crunching the numbers tells you all you need to know about whether or not to buy.

Location, location, location

Don’t buy your real estate in a neighborhood that’s bad. Pay close attention to where your property is located. Do your homework before you make a decision. Sometimes a good deal is too good to be true. This can lead to problems down the road when trying to sell the property.

Investing is a good option instead of saving. There are a number of interesting options available, and one of the best is real estate. Keep this advice in mind, and use it as needed so that your experiences with real estate are positive.

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Home Mortgage Tips from the Experts

Planning to get a mortgage starts with a great deal of research. You need to understand your local laws, how to find a lender and more. Luckily, you are in the right place! Our experts here at CDA Real Estate Investment & Property Management are happy to provide you with great advice which you can’t get a new mortgage without.

Do Your Homework

Know your credit score before beginning to shop for a home mortgage. If your credit score is low, it can negatively affect the interest rate offered. By understanding your credit score, you can help ensure that you get a fair interest rate. Most lenders require a credit score of at least 680 for approval.

Consider All Aspects

Remember that the interest rate isn’t the most important part of a mortgage. You also have to think about closing costs, points and other incidentals. There are different kinds of loans as well. That is why you have to find out as much as you can about what you’re eligible for.

Consider unexpected expenses when you decide on the monthly mortgage payment that you can afford. It is not always a good idea to borrow the maximum that the lender will allow if your payment will stretch your budget to the limit and unexpected bills would leave you unable to make your payment.

Be Cautious

Watch out for banks offering a “no cost” mortgage loan. There is really no such thing as “no cost”. The closing costs with “no cost” mortgages is rolled into the mortgage loan instead of being due upfront. This means that you will be paying interest on the closing costs.

Tell the Truth

Avoid fudging the numbers on your loan application. It is not unusual for people to consider exaggerating their salary and other sources of income to qualify for a larger home loan. Unfortunately, this is considered fraud. You can actually be criminally prosecuted, even though it doesn’t seem like a big deal.

Don’t Give Up

What do you do if the appraisal does not reflect the sales price? There are limited options; however, don’t give up hope. You can dispute the appraisal and ask for a second opinion; however, you will need to pay for the appraisal out of your pocket at the time of the appraisal.


Since you have read all of the advice in this article, you should feel confident in taking the next steps towards securing your mortgage. All you have to do is use each tip to its fullest extent. Soon enough, you’ll have the mortgage you need and your finances will be back on track.

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Benefits of Selling Your Home in the Winter

If the weather outside is frightful, that doesn’t mean the real estate market is! If you’ve been scared away from selling your home in the winter by people claiming it’s a bad idea, it’s time to reconsider. In the past three winters, home sales have increased an average of 4.5% during November-January. Although there were less homes on the market, buyers were still buying at an increased rate. There is no doubt that this will continue this winter as well. Selling in the winter actually has it’s own advantages. Experienced real estate agents are aware of the advantages and downfalls of selling in different seasons. Let’s dive into some benefits of selling your home in the winter.


The Internet Has No Winter

There’s no doubt that the real estate game has changed drastically since the development of instant internet access to property listings. While it is known that spring is the most popular buying season, that doesn’t mean it’s the only buying season. Serious buyers are always looking, no matter the weather. Modern home buyers do most of their home searches online. This is especially true during the winter, when buyers are less likely to brave the winter roads just to drive to the local real estate office. This means that your photos and online listing must be attention-catching and professional, as buyers are probably going through many pages of them.


Less Competition

When spring comes, there’s always a massive spike in the amount of sellers on the market. But in the winter, you practically have the market to yourself, and less competition means more attention for your property. Since 2014, available homes have fallen an average of 15% from November to December – that means 15% LESS competition if you list your home during the winter. Shoppers have fewer properties to choose from, and this means you will sell your house faster and for a better price.


More Motivation

Most people don’t want to move in freezing weather, and that’s a fact. Winter is time to cozy up next to a fire and drink hot cocoa, not hire a moving company. However, if a buyer is trudging through our North Idaho snow to look at your home, they must be serious. Winter buyers are usually working against a deadline, and this makes them more motivated to find a new home and fast. Whether it’s an expiring lease or relocation, a winter buyer is a motivated buyer. You’ll likely have less showings, but the applicants will be more qualified and more serious about buying. This is truly ideal for a seller, as no time is wasted.


Many buyers plan to list their home in the spring because that’s what they are told to do. However, an experienced real estate agent will be able to advise you in any season. Contrary to popular belief, winter is an excellent time to sell. You can get top dollar for your home due to there being less competition, and your buyers will be motivated to complete the process fast. After all, the new homeowners will want to settle in next to their new fireplace as quickly as possible.

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Winning Ideas For Real Estate Investing

While investing in real estate can seem difficult, it can be made much easier as you figure out the best strategies. If you’re someone that’s new to this or if you have experience, this article will teach you what you need to know. After all, there’s always more to learn when it comes to real estate.

Stick to your budget

Be careful not to overextend in terms of buying property. Real estate investing is very exciting, and sometimes it can get the better of you. You may bite off more than you can fiscally chew. Know your numbers and your budgets and stick with them. Even if it seems like an easy flip, don’t go past your budget!

Consider management

Be sure to taking into account the amount of time you can realistically devote to managing property. The issues tenants have can become time consuming. Between late rent, property damage, and maintenance requests, you may be left with less time than you expected. If you don’t have ample time to manage, consider hiring a property manager to do it for you. If you are curious about the benefits of hiring a property manager, check out our guide on why property management might be worth the money.

Location, location, location

Location is paramount when considering a real estate purchase. The proximity to great areas will increase the value more than you might expect. Be sure to consider the location and if there is adequate work in the area you wish to purchase a house. After all, jobs are one of the biggest drives in renting/purchasing real estate.

Your image matters

Reputation is immensely important in the investing world. Therefore, always tell the truth and try not to make any enemies. Most importantly, follow through on what you say you are going to do. If you are not sure if you can do something, do not make the claim in the first place. Your reputation could suffer and affect your business as a result.

Be Patient

Know that it will probably take some time before you start seeing any gains. You must ensure you’ve got some money. You must be gainfully employed to start. It is very common for unforeseen expenses to come up at any time throughout the purchasing process and future managing process. If your income is not sufficient, it is likely you will go under.

Get organized

Have a business account, and stick to using it. If you invest too much of your personal money in a property, you could lose money. This might leave you short on funds to pay your bills or take care of personal needs. Treat this like a business so you don’t risk losing it all.


To make sure you buy a good piece of real estate, find out what similar properties have sold for. This will give you a good idea of whether a property you’re considering is worth the price you’re about to pay for it. There are public databases about recent sales, or you can ask a real estate agent to help.

Partner up carefully

If you are bringing in a real estate partner to invest with, think about what a non resource loan would cost. These loans offer good protection in case the other party becomes irresponsible, or if problems in the partnership make it untenable. This will give you greater freedom to profit with less risk than traditional partnerships and loans.

Learn from your mistakes

If you’ve lost money on an investment, take the time afterwards to understand why it happened. Look at your books and see where you went over-budget. Think about the things that you could have done differently to keep the numbers in check. Since big money is involved here, you need to learn as much as you can from your own mistakes.

There are people that gain a lot of money in real estate. Now that you have the basics down, you will surely be successful at it. Don’t get too scared of this and be held back by that fear. Just learn what you can and you’ll see the money come in. Be sure to let your friends and relations know about the great information presented here.

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Your grass, how is it looking?

Spring is here, time to think about outside projects.  Could your grass use some love?  Here is the hot ticket to get your lawn looking lovely again!

Get-ready checklist

When was the last time that you sharpened your lawnmower blades?  Many lawn care maintenance companies sharpen their blades daily, but you probably don’t need to.  However, especially if you can’t remember the last time you did it, perhaps you should before cutting your lawn.  Did you change the  oil before you put it away for Winter?  If you did not Winterize it, you really should change it’s oil, too.  Make sure your mower is happy before you tackle your lawn!

Mow low!

For the first cutting at least, you should set your mowing height lower so that you remove excess thatch that builds up in your lawn over the cold weather.  Some thatch is good for your grass, helping it to hold in moisture during the Summer.  However, too much keeps moisture from reaching the roots of your lawn, and that will make it die in Summer heat.  After you have mowed it once or twice, you will want to raise the blade height up again to allow your grass to grow.

Do you plant grass or kill weeds?

You can either apply pre-emergent weed killer or you can plant grass seed to fill in gaps and bare spots in your lawn.  You cannot do both at the same time.   The whole reason that pre-emergent works is that it keeps the seeds from germinating.  Therefore, if you use it to kill weeds, you don’t want to plant grass seeds.  Do one or the other!  And, in our climate, it is better to plant larger areas of grass seeds in Autumn than now.

How about fertilizer?

If you must fertilize now, please give your lawn a light dose.  If you fertilize too much or too early, your grass will grow rapidly, however it will not be hardy enough to withstand the hot Summer weather.


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