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Don’t Overlook This When Buying an Investment Property—Learn From My Mistake

BiggerPockets

Let’s get one thing straight: Real estate investing isn't a get-rich-quick scheme. If you think you can just waltz in and start raking in cash without a solid game plan, you're setting yourself up for a financial face-plant.

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How to become a luxury real estate agent

Housing Wire

successfully closed on the sale of this luxury, 4,700-square-foot property on Park Avenue on the Upper East SIde of Manhattan for $13 million. If you’re known in your market as the expert who successfully sells properties between $1 to $3 million, how do you start getting clients looking for homes valued at $10 million+?

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Revive launches AI-powered listing tool for real estate agents

Housing Wire

Revive has released a new tool named “Revive Vision AI” designed to assist real estate professionals in property valuation. This AI-driven tool uses computer vision technology to evaluate the current condition of a property and provide a detailed assessment of its current market value and potential value post-renovation.

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Plunk launches AI-powered home analysis tool

Housing Wire

Users can receive real-time valuation data, predictive investment analysis, and thorough risk assessment. These features are part of Plunk’s proprietary Dynamic Valuation Model, designed to improve accuracy and facilitate informed investment decisions.

Tools 365
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Get more real estate buyer leads in 2024

Housing Wire

Learn more Use this tool: Zbuyer Zurple is an AI-powered platform that uses behavioral data and automation to engage leads. Learn more Use this tool: Lab Coat Agents Lab Coat Agents (LCA) is a big deal in the real estate world, starting from a Facebook group and now boasting over 162,000 members. The best part? And the best part?

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Protecting homeowners from predatory business practices

Housing Wire

The purchase of a home is one of life’s largest and most important investments, and it is critical that homeowners remain vigilant to protect this investment. In this business practice, real estate brokerage firms offer homeowners a small upfront payment in exchange for the exclusive right to list and sell the property in the future.

Business 378
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What I Learned From My First Investment Property—and How I Changed My Strategy

BiggerPockets

My first investment property was a C/D-class multifamily in Houston. According to my calculations, the return on investment (ROI) was between 12% and 14%. I selected it primarily based on perceived cash flow. And with a multifamily, even if one unit is vacant, I still have cash coming in. How could I lose?