Real Estate Blog - Anchorage real estate

Five Beginner Investor Mistakes to Avoid - Alaska Real Estate

It has been said by many people that investing in real estate is the key to building wealth. Andrew Carnegie, billionaire industrialist, stated it best, “Ninety percent of all millionaires become so through owning real estate.” However, how do you start, what are the mistakes to avoid, and where should you get your information from? This article will focus on the top five mistakes people make when beginning to invest in real estate.

1. Starting Too Soon

All too often, I see people who get too eager to invest in real estate and don’t quite understand what they are getting into or how to invest properly. They want to tell others, and themselves, that they are an “investor.” This title is not more important than the ability to purchase…

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Home Buying - Don’t Let Your Emotions Control You - Precision Home Group

Buying a home can bring out a slough of emotions. It is a big decision, and there are many moving parts that must come together to make it happen. It’s both stressful and rewarding. You have looked forward to this for a long time and dreamed about it since you were a kid. It’s easy to get overwhelmed and make big decisions based on emotion, not logic. Here are several ways to keep your mind on track and keep things in check, so you make the most informed decision possible.

1. Choose the Right Realtor

Picking a Realtor because they are your friend, they are nice or will give you a discount, is not the best choice. Ensure that the agent you choose to work with has the knowledge necessary to protect you and get the job done efficiently and…

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Real Estate Investing Basics - The Ins and Outs of REITs - Alaska Real Estate

Real Estate Investment Trusts (REIT)

Part three of our Real Estate Investing Basics series is all about Real Estate Investment Trusts, also known as REITs. Let's dive in and discover what a REIT is, how they are used, and what the pros and cons are in comparison to the other real estate investments we have talked about.

What is a REIT?

REITs were created by Congress in 1960. This was done to give everyday people the benefits of owning real estate. REITs are companies, treated by the IRS as corporations, who own various types income-producing real estate investments. Investors can buy into these companies by purchasing shares, which in many cases are publicly traded like stocks. They are modeled after mutual funds and bought and sold in…

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The 10 Steps to Home Buying - Precision Home Group

Many people fear what they do not know. The same is true when it comes to buying your home. Many have not had the repeated experience of home buying to know what goes into the buying process, steps that need to be taken, or how to handle the emotional ties that come along with it. Below, we will outline the ten steps to buying a home, so you are prepared when you decide to move forward.

1) Realtor Locate and Buyer Consult

First, locate a trusted real estate expert. This can be done by reviewing realtors online through Google, Zillow, Facebook, Yelp and word of mouth from your friends and family. What is particularly important, is finding a Realtor. Despite often being used interchangeably, Realtors and real estate agents are not…

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Real Estate Investing Basics Overview - Precision Home Group

We have all heard some type of quote about the success of real estate investing.

John Stuart Mill, a British political economist from the 1800s states “Landlords grow rich in their sleep without working, risking or economizing.”

Andrew Carnegie, the great American industrialist billionaire states “Ninety percent of all millionaires become so through owning real estate.”

And, to quote Louis Glickman, an American real estate investor, “The best investment on Earth is earth.”

We are told from a young age that investing in real estate, or at least buying a home, is a great idea. But, how do we do it? What are the different types of real estate investments, and how do they work? Can anybody invest? Do you have to start with millions of dollars,…

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