Today’s tip we’re talking about “Is Investing Around Military Bases a Good Idea?”  What should you be aware of, so you don’t get yourself into trouble? There are a few ways to do this, and I recommend watching my Youtube post now. And for a super detailed answer subscribing to my 1-hour monthly hot tips class. You’ll get the answer to this question and many more… Let’s do this!

Get a monthly membership to Terry’s Hot Real Estate Tips Class where you’ll get the full answer to this question and more. Get the scoop NOW for only $3.99 a month it’s cheaper than a pack of gum, and way more valuable.

You’ll get: An hour-long real estate investment video class with Terry records every month that supports you on reaching your American Real Estate Dream! Terry’s support doesn’t just stop at YouTube and no real estate question is a silly one. This speeds up your learning process and there is an audio file so that you can even listen to it on the go like a podcast. See you there! 

Terry Records

*If you are already Terry’s client, you will get a complimentary access 

PS. Interested in speaking with me personally on a discovery call to see if we’re a good fit to work together? 

Book a call today: www.TerryandJason.com/Apply

The post Terry’s Hot Tip: Is Investing Around Military Bases a Good Idea? appeared first on Terry Records & Jason Nordhougen | Real Estate Investment Coaches & More.

Hey,

I’d love to share my personal weekly HOT real estate investment tip with you! You’ll get tips that support your important investment decisions. 

Today’s tip we’re talking about getting a screamin’ deal by investing in foreclosures or a pre-foreclosure.  How exactly do you capitalize on them, what should you be aware of, so you don’t get yourself into trouble! There are a few ways to do this, and I recommend watching my Youtube post below and then subscribing to my 1-hour monthly hot tips class for the full and detailed answer. Let’s do this!

Click here to watch now on YouTube: “How to Invest in a foreclosure Successfully”

To get the full answer to this tip and more I’m offering you a FREE one-month trial membership to 

Terry’s Hot Tips Real Estate Class

 Get the scoop ongoing after your free trial for only $3.99 a month – it’s cheaper than a pack of candy, and waaaay more valuable! Delivered to your inbox weekly.

Every month you’ll get:

A 1 hour-long real estate investment video class with Terry records every month that supports you on reaching your American Real Estate Dream! Terry’s support doesn’t just stop at YouTube and no real estate question is a crazy one. Being able to ask questions directly, speeds up your learning process and there is an audio file so that you can even listen to it on the go like a podcast. *If you are already Terry’s client, you will get complimentary access.

‘Terry’s Hot Real Estate Tips Class’ 

Have a fabulous week everyone!

Happy Trails,

Until next week…

Terry

Ps. If you would like to speak to me personally please book an appointment and let’s discover your American Real Estate dream together!  
PPs. If you would like to learn more about Market Timing and Market Cycles, please watch my complimentary presentation. 
Watch now: The Secrets of Market Timing & How to Profit from Anomalies  (while everyone else is asleep at the wheel)
PPPs. Don’t forget to subscribe to a one-month free trial subscription here 

Terry’s Hot Real Estate Tips Class’ 

The post Terry’s Hot Real Estate Tip of the week: Buying a Foreclosure Successfully appeared first on Terry Records & Jason Nordhougen | Real Estate Investment Coaches & More.

Hi there! I recently was able to record the webinar on 5 Proven Strategies to Find More Money to Invest in Real Estate. It’s now available in a system that allows you to register and view the webinar at your convenience so that everyone can benefit from it.

Here is the link to register:
https://www.onlinemeetingnow.com/register/?id=z7y3qtlzpk

Once you register, it starts at the top of the hour. Enjoy!

Terry Records & Jason Nordhougen
If you’d like to talk, please book a call with me here:
www.TerryandJason.com/apply

Additional Insights:

Thinking about investing in real estate?
Before diving in, it is best to consider options & gather information & Be Wary of “Eating the Seed Corn.”

What is “Seed Corn”? The formal definition is the good-quality corn kept for seed. The same applies in real estate. It is the personal resources at one’s disposal that enable someone to get started investing in real estate.

Unfortunately, most investors and even professionals in the real estate industry forget to plan for future deals and use ALL the “Seed Corn” in the first or second transaction. This results in the investor from being unable to purchase any additional property.

It is imperative to be successful in real estate to know how to obtain the “Seed Corn” back to grow a new crop of real estate deals.

5 Proven Resource Strategies Give any Investor the Tools to Catapult an Investment Career and Purchase Additional Property

The post 5 Proven Strategies to Find More Money to Invest and Re-Invest in Real Estate appeared first on Terry Records & Jason Nordhougen | Real Estate Investment Coaches & More.

You’ve decided to rent out a property you own. And while you’ve been researching, you’ve discovered that there’s a bit more to it than merely collecting a rent check at the start of each month. In fact, you may be wondering if there’s anything you missed during your search. Because I’ve been investing in properties for decades, I’ve also learned a thing or two about property management. So, now I’m bringing that knowledge to you. This way, you’ll have a go-to resource when you start the process to rent out your 1^st property.

Understanding the laws

If you haven’t yet heard of factors like fair housing laws, you need to get caught up before you continue the process. Ensuring you’re in compliance with renting laws is a huge part of managing your 1^st property, or even your 10^th property. These laws are in place to protect you just as much as your tenants.

Treating your tenants right

But let’s talk about your tenants. I’ve said it time and time again: from the start of my investing career, I’ve always treated my tenants right. Think about it: if they’re safeguarding one of your biggest financial resources, wouldn’t you want to treat them especially well? That means showing respect, being friendly, and yes, even giving them the benefit of the doubt sometimes.

Staying objective during the process

Of course, you also want to stay objective when it comes to managing your 1^st rental property. Just because you treat your tenants right, doesn’t mean they can do whatever they want. If you feel particularly attached to your rental property from the start, pair up with an experienced mentor to help you maintain objectivity when it comes to important decisions in the process.

Remembering there will be wear on your property

At the same time, one aspect seems to always surprise new landlords. And that’s that tenants put a little wear on the property. They’re living there after all! If you’re treating your tenants right, in the majority of situations, they’ll also treat your property right. Still, over time, every property shows signs of wear that will need to be addressed, even with the best tenants.

Factoring in your goals

Another tip that has often helps new landlords is fairly simple: factor in your goals. I’ve been talking about this one for a number of years, and when it comes down to it, if you aren’t re-stocking your seed corn, as I like to say, you may be putting your finances at risk. What I mean by this is that you need to run the numbers for how much cash your rental property will generate for you, taking into account what you’ll need to spend on repair and maintenance.

As an experienced investor, I’ve managed properties from single-family homes to entire apartment complexes. If you have a question about your 1^st rental, I’m always happy to answer questions. Just send me an email!

Terry Records

Broker/Owner
Records Results Real Estate
Residential Sales and Property Management Service

Terry.Records@gmail.com

239-887-2163

The post Tips from an Expert for Managing Your 1st Rental Property appeared first on Terry Records & Jason Nordhougen | Real Estate Investment Coaches & More.

As an experienced real estate investor, I’ve bought and sold countless properties over the decades. From Southwest Florida to Minnesota, there are numerous properties out there with potential. And whether these previous investments were buy and holds or flips, I’ve gained a wealth of information into maximizing every situation. This combination of knowledge and strategy has given me insight into what works… and what doesn’t. And today, I’d like to share with you a few rules to flipping that might help you along the way if you’re new to the experience.

Run Your Numbers

If you know one thing about me, it’s that I love to run the numbers. In fact, I have several tools I’ve created for exactly this purpose. Why is it critical when flipping houses to crunch this information? This way, you can gain valuable perspective on what makes the most sense for any given property and whether it will work for you. Too often, I’ve seen new investors rush into a deal and lose money because they didn’t consider how it would work for them.

Formulate a Clear Plan and Path

Once you’ve determined if the numbers work in your favor, you want to sit down and plan. Many times, I’ve seen new investors check the numbers and start the process. What happens next? The project languishes for months on end, sometimes even longer. And during that time, they’re losing money. When it comes down to it, you need a strategy and a timeline for every single step of how you’re going to flip this property and get back your investment.

Hire reliable contractors

On that note, who’s going to help you flip your new investment? It can be tempting to want to do much of the renovations yourself. After all, you’ll be saving extra money, right? Wrong. In many cases, flipping houses require renovations that utilize multiple, diverse skills. And even if you have all the skills, you’ll end up spending all your time renovating, instead of searching for your next flip while your team works. So, do your research and bring on reliable contractors and build your team. It will make all the difference in the world.

Target undervalued properties in your area

You would think it goes without saying that you should target undervalued properties. But time and time again, I’ve seen new investors jump on properties with razor thin profits. While it’s perfectly natural to be excited and want to start the process, you want to flip a home that works for you. So, I recommend choosing an area and house type that you’re somewhat familiar with. This can help you see the potential that others may miss.

Are you a new investor ready to flip your first home? I’m more than happy to answer questions and if you’re in Southwest Florida, you can even attend one of my many seminars!

Terry Records

Broker/Owner
Records Results Real Estate
Residential Sales and Property Management Service

Terry.Records@gmail.com

239-887-2163

The post Flipping Houses: 4 Rules for Your Properties appeared first on Terry Records & Jason Nordhougen | Real Estate Investment Coaches & More.

For those of you who are in the homebuying process or know someone who is, there’s a lot that goes along with the experience. After all, for most people, this decision will likely be the biggest financial decision of their lives. At the same time, there are many factors to consider and balance against each other, from budgets to lifestyle. How do you know what’s most important during the buying process?

After decades in the real estate and investing world, I knew I had to put together an easy list that could help buyers navigate all these aspects. Of course, instead of just throwing tips at you, I also wanted to give you something that could help you find answers to your unique situation. While these 3 questions aren’t the entire picture, they certainly are a great starting place for any buyer, from Southwest Florida to San Francisco.

How much potential would you say this home has?

You could be talking about kitchen upgrades or backyard firepits, the simple fact is that one factor about a home matters to many buyers. And that’s the potential. After all, you’ll probably be enjoying your next home for years, if not decades to come. Because your real estate agent has seen numerous properties during their career, they can likely spot all the possibilities. And in most cases, at least with my Southwest Florida real estate team, they love to talk about the potential in a specific home.

What are the weak points of this property?

Still, you also want to ask your real estate agent what they’re seeing that may be an issue. Although they aren’t a home inspector, Realtors often get a feel for what may be a concern. And depending on your agent, they may even have vital rehab experience that can lend itself to understanding a property. You can also ask what your agent thinks may need to be repaired or replaced within the first 5 years to get a good idea.

How do the prices compare to other neighborhood homes?

You may have heard that when you’re selling a home, your agent will compare the price of similar other homes that have sold in your neighborhood. This gives them perspective into what might be right for pricing your property. But what if you’re buying instead of selling? They can still check for you! By doing so, you’re getting an inside look at how a property might stack up against one just down the street. When it comes time for negotiations, you may even get an edge by knowing which way the area is trending.

Are you thinking about buying a home in Southwest Florida? I’d be happy to answer all your questions!

Terry Records

Broker/Owner
Records Results Real Estate
Residential Sales and Property Management Service

Terry.Records@gmail.com

239-887-2163

The post 3 Questions for Your Real Estate Agent When You’re Buying appeared first on Terry Records & Jason Nordhougen | Real Estate Investment Coaches & More.

Throughout the United States, there are more than just a few places that are well-known for vacation properties. But when it comes down to it, our area is far and away one of the best choices when it comes to real estate. As a real estate agent in Southwest Florida, I can attest that there are several reasons that make owning a vacation property in SWFL a smart decision.

World-Class Beaches You Must See to Believe

When you think about Southwest Florida, you probably imagine the beaches. But even for those of you who have visited, the sheer magnitude of how many amazing beaches we have is hard to convey. The simple fact is that a vacation property in SWFL affords you access to a wide variety of the best beaches you won’t find anywhere else.

Vacation Properties in SWFL are Affordable

But let’s move on from the more obvious and talk about the factors that aren’t so apparent. As you search for your next property, affordability and amenities are likely to be on your mind as well. After all, you don’t necessarily want to sacrifice one for the other. And for a vacation home in SWFL, you don’t have to. Our properties offer outstanding value and with great amenities.

Growing Amenities in Our Area

Speaking of amenities, we have to look at how owning a vacation home in SWFL gives you the ability to enjoy more than just beaches. In reality, our area has gotten so many new amenities over the past decade that people who haven’t been here in awhile are often very surprised to see all the growth. Food, dining, art, entertainment… you name it!

Countless Options for Your Vacation Home

Still, when it comes to vacation homes, you want to have options. Interested in a smaller condo that’s near the center of it all? Or maybe a more upscale vacation home in SWFL’s most beautiful beachside areas is more your thing. In our area, we have so much to choose from at reasonable prices.

SWFL has Tons of Investment Potential

We’ve seen how owning property in Southwest Florida isn’t just about purchasing a home. Our market is showing many healthy signs of future growth and increase in value. What that means is that a vacation property in SWFL can also be a sound investment choice as well.

You can AirBnB Your Property During the Year

Finally, with sites like AirBnB, you now have the option to easily rent out your vacation home during other parts of the year. This provides you with additional income from your property, even as you get to enjoy it during your favorite times to visit.

I’d love to hear what your top priorities are in owning a vacation property in SWFL. Send me an email and let’s talk about what’s right for you!

Terry Records

Broker/Owner
Records Results Real Estate
Residential Sales and Property Management Service

Terry.Records@gmail.com

239-887-2163

The post Top Reasons a Vacation Property in SWFL is a Smart Decision appeared first on Terry Records & Jason Nordhougen | Real Estate Investment Coaches & More.

Thirty years, or even twenty years ago, you’d seldom find anyone talking about market cycles and market timing. Today, it’s a little more commonplace, but the finer points are often misunderstood. But whether you’re an investor or a real estate agent, understanding this concept can totally change how you see your marketplace.

In reality, you need all the tools you can get so you can have an educated view when it comes to buying and selling real estate. This can mean the difference in providing sound advice to a client or making the best decision concerning a property, for example. It can also mean the difference between tens of thousands or even hundreds of thousands of dollars. And as an experienced investor and agent, I want to share a few tips with you on getting a better understanding of market cycles.

The movement of the market

If you’re not familiar with market cycles yet, the basic concept is pretty straightforward. The idea is that marketplaces go through semi-regular trends over longer periods of time. For our purposes, these trends are the absorption, expansion, and decline phases. Obviously, the decline phase represents downturns and the worst time to buy. Yet, during the absorption and beginning of expansion phases, there are often a number of quality opportunities. For now, this basic overview will suffice.

Every market is different

As an investor or real estate agent, you’re likely aware that San Francisco is not the same as Southwest Florida real estate. Not only are prices different, but they may even be at different stages of a market cycle at the same time. Or, as was the case in 2008, experience a more pronounced impact during one of the phases. Once you understand this fact, you can start to see how and why real estate markets behave the way they do. You also get a picture of how different area market cycles may affect each other.

Knowing your marketplace

With that in mind, you can also see how knowing your marketplace is absolutely critical, whether you’re an investor or a real estate agent. After all, if you’re able to see the writing on the wall, as they say, as the expansion phase peaks and begins a decline, you can make more informed decisions. At the same time, if you’re experienced in one area of real estate, you may be less informed about another marketplace that’s not your own. And there’s nothing wrong with that! In fact, this forms the starting place for gathering information about the market cycles of any new city or region you want to work in.

Interested in knowing more details about market cycles? I regularly give seminars on the topic, and I’d be happy to answer any questions you have. All you have to do is send me an email.

Terry Records

Broker/Owner
Records Results Real Estate
Residential Sales and Property Management Service

Terry.Records@gmail.com

239-887-2163

The post Tips for Understanding Historical Market Cycles in Real Estate appeared first on Terry Records & Jason Nordhougen | Real Estate Investment Coaches & More.

As an investor and a Southwest Florida real estate agent, I can say that your first home purchase is a big step. In fact, it likely will represent one of the biggest financial decisions of your life. And of course, you want to be able to discover your dream home!

At the same time, your purchase can represent a strategic piece of your financial plan as well. For example, a home in Southwest Florida can be beautiful and affordable. Yet, we’ve also seen tremendous value growth in the past few years.

But let’s not forget the amenities either. As we’ve been seeing in our recent articles, there’s arts, entertainment, shopping, dining, and outdoors. And that’s just the beginning because there’s so much more.

However, you might be wondering when is the time right to buy your first home. Whether you’re looking for property in Southwest Florida or San Francisco, the same questions are applicable. So, today, we’re going to look at 3 questions that can help you determine if you’re ready for your first home.

Has your lifestyle shifted?

Maybe you recently started to consider new jobs in a different metro area. Or perhaps you’re thinking that the laid-back life by the beach in Southwest Florida is for you. Either way, I like to start by asking all my clients what their lifestyle looks like. This will give us a great start for your first home purchase. And by understanding how your lifestyle is changing, we can look at which areas of might be right for you.

Is your family situation changing?

Of course, if you’ve recently found out that a baby is on the way, you may very well also be thinking about buying a home. Another common situation when deciding if you’ll buy your first home is whether caring for ageing parents in the future might play a role. These examples highlight the need to factor in your family situation as you determine if you’re ready to purchase your first home. And the reality is that many people decide to buy their starter home for the simple reason that their family is growing.

What are your long-term financial goals?

Like I mentioned at the start of this article, your first home purchase can be a big part of your financial planning. When you strategically buy your home, you can position yourself for the possibility of greatly increased value in the future. Now, this question isn’t necessarily the most critical factor in deciding to buy your first home. But it certainly should play a part in your decision and could be a life-changer.

Are you in the process of deciding if you should buy your first home? My Southwest Florida real estate team is ready to answer all your questions!

Terry Records

Broker/Owner
Records Results Real Estate
Residential Sales and Property Management Service

Terry.Records@gmail.com

239-887-2163

The post Questions to Ask When You’re Ready for Your First Home appeared first on Terry Records & Jason Nordhougen | Real Estate Investment Coaches & More.

Here at Records Results Real Estate, we spend a good deal of time talking about everything that Southwest Florida has to offer. From outdoor amenities to the arts and more, our area is incredibly affordable and a lot of fun.

And it doesn’t hurt that it’s sunny nearly all year too. In fact, our weather is so good that countless snowbirds come down each year just to enjoy it! But for all of you still considering our area for real estate, we wanted to show you just how amazing it can be. And these Instagram photos prove it!

Shorelines and Sarasota Amenities

Just take a look at how blue these waters are! This photo, taken from above in Sarasota, highlights the unending miles of unspoiled beach that we have access to in our area.

Eagle on the Perch

But it’s not all beaches when it comes to Southwest Florida amenities. In fact, we also have our fair share of wildlife as well. This majestic eagle was hanging out in Fort Myers.

Boardwalks in the Wild

We also have numerous parks that provide you with another option to get outdoors and enjoy other amenities like hiking, camping, and more.

Happy Hour is All the Time

Aside from the phenomenal outdoor amenities we have in Southwest Florida, there’s also many places to grab a delicious drink. This is true whether you like craft cocktails or craft beer.

Neptune on the Circle

This photo, taken at St. Armand’s Circle, highlights our area history and shopping amenities, all in one. This hip, trendy spot was created by none other than John Ringling of the famous circus. But it also has tons of shopping and dining options as well.

Quaint Downtowns

And to show you just how trendy our little downtowns have gotten, take a look at this one. For places like Downtown Fort  Myers, you get the best of a small town feel with big metro amenities.

Local, Local, Local!

Southwest Florida has really embraced the local movement. So whether you want handmade donuts by a local baker or fresh cut flowers, you can probably get what you want!

Amenities for Every Foodie

Speaking of local food, we have a number of popular restaurants popping up that serve really good food. Ford’s Garage is one such home-grown favorite that has totally tasty dishes.

Paradise and Sunshine

This photo showcases just how Southwest Florida real estate puts you right near some of the best shelling in the world. Really, our area is the perfect balance between affordable, yet upscale and with many amenities.

Are you ready to tour Southwest Florida homes, but need an expert to show you all your options? Send me an email, and I’d be happy to help!

Terry Records

Broker/Owner
Records Results Real Estate
Residential Sales and Property Management Service

Terry.Records@gmail.com

239-887-2163

The post Amazing Southwest Florida Instagram Round-Up appeared first on Terry Records & Jason Nordhougen | Real Estate Investment Coaches & More.