Jackson Real Estate Resources

Here's another Jackson property that was submitted by a user that we will use as a teaching tool for our Jackson, Mississippi Real Estate Resources real estate investors. The property address, in case you want to look into it in more detail is: 1808 Christine Dr, Jackson, MS 39272.

I am going to do do some calculations on this Jackson property. It is a 3 bedroom, 2.00 bathroom property located at 1808 Christine Dr that has an asking price of $100,000.

As you can see from the table above, if you know what a typical Jackson property sells for on a price per square foot basis, you can quickly use the information provided above as a starting point for making your offer. Click on the Price Paid above to start your own analysis on this property using our Offer Generator investing tool.

Are you new to real estate investing and a bit confused by all of the different strategies you've heard of for making money in real estate? Maybe you've heard of such a thing as a bird dog, and are wondering what retrievers have to do with real estate. Worry not - Jassen covers the basics of real estate wholesaling, including bird dogging in his audio CD: Wholesaling Volume 1: Getting Started With Wholesaling. Check out this great way to get involved in your local Jackson market today.

Sincerely,

James

In our system for working with motivated sellers, we break the entire process down into the following categories:

• Initial Call or Initial Call Back
• Research
• Make Offer
• Offer Made - Follow Up
• Under Contract To Buy
• Bought It
• Rented
• Sold

Today, I am going to discuss, briefly the first category and that's the initial call or initial call back depending on how you are handling your incoming motivated seller leads.

In this step, we are talking to the seller for the first time about their property and starting to gather the information we will need in the research step as well as building rapport with the seller so that we can have a successful negotiation and make an offer that solves the sellers problem and adds value to the marketplace.

I suggest that everyone

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Vacancies are costly. Likely you are paying a mortgage on your property and certainly you're paying taxes and insurance while your property is unoccupied and not producing income. Additionally, you have marketing costs to get your unit rented, or you are anticipating paying a portion of the first month's rent to your property manager or a tenant placement service. Bottom-line: money is tight when you have a vacant unit and you may be tempted to cut corners on the fix-up work to get your place rented.

This is almost always a mistake. A property in poor condition is going to sit on the market for much longer. If you are in a slow rental market with lots of competition, then it's even more important to make your property stand out as a desirable dwelling by paying attention to the major areas that will attract or repel potential tenants. The primary areas that you should focus on are:

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Here's another Jackson property that was submitted by a user that we will use as a teaching tool for our Jackson, Mississippi Real Estate Resources real estate investors. The property address, in case you want to look into it in more detail is: 1953 Camellia Ln, Jackson, MS 39204.

In the table below I show what happens to the value with a modest appreciation rate. Can you have years where this (or any other property for that matter) go down in value? Yes. Might it not go up by as much as we are estimating? Yes. Can it go up by more? Yes. Only time will tell what will happen.

As you can see from the table above, if we assume an appreciation rate of 2.5% per year, then the property value eventually reaches $32,258 after 10 years.

Where do you go and what kind of marketing do you put out to find truly motivated sellers in Jackson? There are many ways to get your message out, and while every investor doesn't need to employ every method, it pays to know what they all are. Most investors have never considered Buying Houses using Broadcast Media, but it may be worth your while to see what this type of marketing entails and what kind of return you might expect to see from employing it.

Until next time,

James

I hope everyone had a great Thanksgiving and are ready to get back to their real estate investing well fed, well rested and very grateful.

The free real estate course download for this week for those that start and finish a Learn To Be Rich™ game this week is Volume #8: Setting Up Your Lead Management Systems.

This course goes over the steps on how to actually set up your real estate investing lead management system. If you are new to the business and want to jump past folks that have been in the business for years by implementing a proven, well documented system for handling motivated sellers, then this is the real estate course for you.

We normally sell this audio CD for $24.95, but you can download the entire audio CD as MP3 audio files for free this week for playing a complete game. Just login, start a new game and finish that game before Sunday, December 7th, 2008 and on the end of game summary page, you will find a link to the download.

The download link will disappear after Sunday, December 7th, 2008 so download it immediately.

If you miss the deadline or would rather purchase it on audio CD, you can do that using the order button below.

Sincerely,

James