Real Estate Investing

In the month of April, I sold 7 houses. All but one of these buyers was a real estate investor. With prices being so low, especially in the east of the Anacostia River market, it's a perfect time to buy. I've started purchasing investment property in the area myself. My plan and what I advise my clients is to hold onto their investment property and rent them out for the time-being. There is not a shortage of renters seeking housing. Below is an article for you that talks about investing. I hope you find it beneficial!

The Successful Investor: Not What You Think



While much has been done to crush the misconception, many still believe that to be a successful real estate investor, you must either have a lot of money or find some one-in-a-million opportunity. That is plainly not true and while it may certainly turn out that making money through investing comes easier as wealth increases, all wealth has to start somewhere and the real estate investing arena is no different.



In The Beginning

The biggest piece of advice any real estate investor can have when just starting out is to invest carefully. There will be many opportunities as you get deeper into the real estate investing field, but not all of them will set you on a path towards prolonged success. The most successful real estate investors deliberated carefully before picking an initial project, sometimes a hard thing to do when you make your mind up to get involved in real estate investing.



What ends up being the case here is that you will find a way to get involved in an investment without laying out your entire nest egg, though it will take some time. A common way to achieve that low-cost inroad is to partner with another investor on a particular property to get your feet wet and share the risk with another party. You may not see the huge windfall you've envisioned, but if you choose the right opportunity you will see enough to continue your investing career.



Save, Reinvest, Rinse, Repeat

Investing is a cycle and as you graduate from your first real estate investing experience, the best thing to do would be to put your earnings away in savings and then take a portion back out to reinvest in a new project. The best investors make a strict habit of saving at least a portion of the proceeds of every investment to gradually build up a fall-back reserve should an investment go horribly wrong.



You will find that most real estate investors make a serious commitment to saving and many never have a reason to stop doing so. While you will most likely run into a life event or investment hiccup that causes you to stop investing for a period of time, you will most likely see a rebound from that and begin again. Remember to save and reinvest your proceeds to continually benefit from your investments.



It Will Get Rocky

Very few real estate investors make it through an entire career without having some hardship and difficulty along the way. For most situations, successful investors will tell you that riding out the storm and waiting out a rough patch is the best way to combat a low market or other investment malady.



Markets, just like so many things in life, are cyclical and if your investment looks dour for a time, you would be well served to wait it out as prosperity is likely to return. That may seem a little touchy feely, but look at the stock market for inspiration. Though there will always be dips in the market, there is eventually a peak to offset that loss. Maintaining a similar outlook of patience on your real estate investments will likewise typically pay off in the end.



Though it may seem like only the wealthy get wealthier, getting involved in real estate investing does not have to be as daunting as it appears. Just getting a foothold in the investment arena with a small deal at the onset of your career is likely to eventually grow into bigger and bigger investments. Make certain that you save and remain level-headed as you go through your investment career and you will be able to speak from a position of authority when people ask you just how you did it.



By Joe Lane, co-owner of The Lane Real Estate Team at http://www.joelane.com/. Are you looking for an experienced Tri City WA Real Estate agency? With 20 years of service based, business experience, Joe and Colleen Lane work hard to serve home buyers and sellers for the Tri Cities of Washington's Kennewick, Richland, Pasco, and surrounding areas.




ANACOSTIA RIVER REALTY: The East of the Anacostia River Experts.
http://www.AnacostiaRiverRealty.com

New Direction For Anacostia News

Beginning today, my blog will take a new direction. In the past I've talked about things that are going on in the east of the Anacostia River community. I'll still post and keep readers updated on community issues, but I am now going to talk about the booming real estate market we have east of the Anacostia River and how these issues affect real estate east of the Anacostia River. I'll post articles written by myself and others. I'll also give real estate tips in general. The first article will start with real estate basics; Real Estate Vocabulary written by Joe Lane.
Real Estate Vocabulary ~ Who Are The Players



When beginning a new venture, there is always a new language to learn. In real estate knowing the right language can be the difference between making good choices, and having serious problems down the road. To help buyers and sellers get on the right track, here are a few key words so you, too, can tell the different between real estate personnel.



The definitions here are for the most typical use, though in some states the definitions of Real Estate Agent and Real Estate Broker may be different. It is wise of confirm what an agent or broker means by that before entering into a business relationship with them.



Real Estate Agent



A real estate agent is an independent real estate sales person. Typically they are required to be licensed by the state. The majority of Real Estate Agents are employed by or under contract with a real estate broker. Real Estate Agents earn a percentage of the broker’s commission when they sell a home.



Real Estate Broker



A Real Estate Broker has undergone further training for additional real estate licensing. Real Estate Brokers are the homeowner’s direct link to the real estate market. While they do work as sales people, just like Agents, they spend an equal or greater amount of time searching for new homes to sell. Brokers are frequently in charge of supervising the purchasing process and often combine their real estate business with law, insurance, financing or some other related practice.



Realtor®



Frequently in the real estate business a Real Estate Agent or Broker will call himself a Realtor. An agent or broker is qualified to do this when they become members of the National Association of Realtors. The NAR is the worlds largest professional association. In order to be a member of the NAR, and there fore be a Realtor, agents and brokers must agree to follow the NAR’s strict Code of Ethics. This Code of Ethics protects buyers and sellers from unscrupulous business people. Making a point to work with a Realtor instead of an unaffiliated Real Estate Agent or Broker is one small guarantee that a buyer or seller will be treated well.



MLS or Multiple Listing Service



The MLS is a service that real estate brokers and agents have access to. It is a complete listing of all of the real estate available for sale in the area. Because maintaining this system isn’t free, there is a cost to subscribe. By working with an agent, buyers automatically has access to the MLS in addition to the expert advice of a real estate professional. With the technological advances of the past twenty years, accessing the MLS for cross country buyers is as simple as helping someone within the community. This streamlines the home buying process for dozens of buyers every day



By Joe Lane, co-owner of The Lane Real Estate Team at http://www.joelane.com/. Are you looking for an experienced Tri City WA Real Estate agency? With 20 years of service based, business experience, Joe and Colleen Lane work hard to serve home buyers and sellers for Tri Cities WA Real Estate, Kennewick Real Estate, Richland WA Real Estate, Pasco Real Estate, and surrounding areas.

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ANACOSTIA RIVER REALTY: The east of the Anacostia River experts!
http://www.AnacostiaRiverRealty.com

Restaurateur sees opportunity in Anacostia, will open new bar and grill

Natasha Dasher, a third-generation Washingtonian, who as the daughter of a former city housing administrator, knows her way around town. So when she left her corporate marketing job in Houston last year to return home and start a restaurant, she knew which areas to consider before she began talking to brokers and landlords.

She chose Anacostia.

In July, if permitting and construction continue as planned, Dasher will open the Uniontown Bar & Grill, a 1,500-square-foot spot for sandwiches, salads and cocktails that she believes will thrive.

The restaurant would be another new sit-down place to get a bite and a beer after work in the city's east of the Anacostia River neighborhood. It will offer antibiotic-free meats and fresh juices as mixers. The name -- Uniontown -- is what the neighborhood was called when it was first developed as a whites-only suburb in the 1850s.

Dasher, who worked as a marketing manager for Houston-based Satterfield & Pontikes Construction before deciding to open Uniontown, considered space on 14th Street Northwest, near the new Target store. But she isn't alone among local, independent restaurateurs who has chosen a location that many before would have considered less choice. Michael Landrum, owner of Ray's the Steaks in Arlington, opted to open his newest restaurant in Deanwood, another east of the Anacostia River neighborhood, in Northeast D.C.

Dasher made a simple calculation in choosing the 101-year-old building at 2200 Martin Luther King Jr. Ave. SE: There were no competitors in a six-mile radius. Plus, rent was $15 less per square foot than in Columbia Heights.

She said she would be coming to Southeast whether or not the U.S. Department of Homeland Security was building a massive campus nearby -- but she is aware of the number of employees, 14,000, that are expected to arrive.

Please come out and show your support for this new project on June 1, 2010, 6pm at the next ANC meeting being held at the UPO building. The address is 1649 Good Hope Rd SE.

By Jonathan O'Connell
www.WashingtonPost.com

ANACOSTIA RIVER REALTY: The East of the Anacostia River Experts!

http://www.AnacostiaRiverRealty.com