Hiring a real estate agent is very important. Without the help of a real estate professional it would be a difficult task and one will have to suffer a lot. The process of buying a house is complex and most people find it easy to get through with an agent by their side. Whether you are buying or selling a property, an agent will guide you throughout the project. A professional agent can use all their knowledge and skills to guide you through the real estate process.
If you aren't on a six figure salary then for sure you pay a large chunk of your paycheck towards rent. In such a slow economy and stagnating remuneration it's really difficult to dedicate such a big portion of your income for rent when you try to save.
If you want to pay less money on your rent, I've got a few suggestions for you. Though most of these suggestions are just common sense, it's always good to refresh what you know.
Some Realtors are looking into and considering a niche market in working with real estate investors.
As a real estate investor, I can tell you 2 things. Working with investors can be rewarding and lucrative OR it can be frustrating, difficult, time consuming and involve unwanted surprises.
The difference between whether this niche can be rewarding and lucrative or not worth your time and effort is education and training....of the investor.
Which States is the best to invest in?
The best State to invest depends upon your goals. If you are interested in a return on your investment than a Lien State is the way you want to go. Iowa is a great Lien State to invest in because it pays currently 24% interest with a 2 year redemption period. If you are more interested in trying to acquire property, a Deed State is the best choice. Texas is possibly the best Deed State to invest in with a 6-month or a 2-year redemption period. To redeem property in Texas the owner must pay a 25% penalty, which you as the investor receive.
With real estate prices falling as much as 50% in the last two years, many real estate investors, as well as many trust deed investors lost a significant part of their principal. The real estate investors that used leverage ended up in an even worse position, sometimes losing their entire investment. Many trust deed investors ended up foreclosing on property and having to take large losses in order to sell in the current market environment. But it did not have to be this way. If these trust deed investors had followed simple common sense rules their principal would be intact today.