Baltimore Real Estate Resources

There are many ways to increase your response rate when marketing for your real estate investing business, but today I am going to talk specifically about a general one that can be applied to ALL of your marketing. This one simple method can be used to give you a small boost in response regardless of what type of media or message you are using, or what market you are targeting (the 3 Ms of Marketing). What is it?

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We just had a researcher submit some very basic information about a house for sale in Baltimore to us and I wanted to share that with you. From time to time, I'd like to take a property submitted to us by our users that is for sale and show you how changes in one (or more factors) can affect various aspects of your investing. This particular property submitted for Baltimore, Maryland Real Estate Resources is located at 1207 Horners Ln, Baltimore, MD 21205.

This 2/1.00 1,320 square foot property has an asking price of $19,500, but let's take a moment to do some calculations to see what our actual cost per bedroom would be based on various offer prices (both above asking price and below asking price).

As you can see from the table above, if you know that rents in Baltimore can support a certain price per bedroom, you can use the information provided above as a starting point for making your offer. Click on the Price Paid above to start your own analysis on this property using our Offer Generator investing tool.

By the way, have you considered marketing to absentee owners who own property in Baltimore but don't live in Baltimore? This can be a great way to find good deals from motivated sellers. For some tips on how to get started, check out the Absentee Owner Postcards page on the Real Estate Investor Cookbook.

Sincerely,

James

In your search for great deals, you are probably utilizing all of the resources that you know of to find the next deal worthy of your investment time and money. This probably includes scouring craigslist ads, calling on FSBOs, and following up on your own marketing if you have any out. You may also be using a real estate agent as a source for deals. As the number of bank owned properties on the market increases, real estate agents are especially useful as sources to find and negotiate these types of deals.

However, you may need to train your real estate agent to cater to your particular needs as an investor. While there are some great investor friendly real estate agents out there, there are also many agents with little experience dealing with investing or dealing with investors. These agents can still hook you up to good deals, but

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If it's time to fill a vacancy for one of your rentals, you will want to get the maximum marketing exposure possible. Chances are, that if you are reading this article online, you already understand the value of the internet. Three lines of description in your local print newspaper is no longer enough to get the phone ringing with enough interested renters in most markets.

With the widespread availability of the internet and the ease of accessing information on it, most of your potential tenants expect much more than a brief description of the raw data of their future dwelling – i.e. beds, baths, square footage and rent. Instead of spending all day on the weekend driving around looking at potential rental units, most of your tenant pool will prefer to browse through full color photographs of available rentals from the comfort of their favorite computer station. Many internet sites even offer virtual tours of available units, so to be competitive in our current marketplace, you need to make sure that you have the marketing out to reach all of these internet-surfing apartment hunters.

In addition to posting ads with full color photographs on popular sites like Craigslist,

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Here's another Baltimore property that was submitted by a user that we will use as a teaching tool for our Baltimore, Maryland Real Estate Resources real estate investors. The property address, in case you want to look into it in more detail is: 5100 Walther Ave, Baltimore, MD 21214.

Since this 3 bedroom, 2.00 bathroom property has an asking price of $104,500, let's take a look at what various offers would mean in terms of price per bedroom. Then you can select the offer price you would like to run further analysis on using the Offer Generator.

As you can see from the table above, if you know that rents in Baltimore can support a certain price per bedroom, you can use the information provided above as a starting point for making your offer. Click on the Price Paid above to start your own analysis on this property using our Offer Generator investing tool.

How much extra income would it take to let you pursue real estate full time? If you could drastically increase the cash flow you generate from each deal by improving your negotiating skills, wouldn't you want to take a closer look? Why not get the straight scoop on how to negotiate your way to sweeter cash flow with Jassen's CD: Cash Negotiating: Generating Cash Flow Through Creative Methods.

Until next time,

James