Hochfelder recommends that you research before you invest

Real estate is a business and like any other, it also requires that you plan, analyze, negotiate and manage. If it’s not producing a profit, your business won’t stay in business for very long. Adam Hochfelder has been in the real estate industry for over three decades. As he explains, this business demands a certain level of commitment. But unlike many other businesses, real estate allows you to control your working hours and set your own schedule. The important thing is to set the goals that you want to achieve, and then work to make that happen. Setting clear and specific investment goals will pave the way toward becoming financially independent.

In real estate, objectivity is very important. As human beings, we have the tendency to either like or dislike a certain property. But if you are in the investment business this can be a big financial mistake. That’s why objectivity is the key to success as an investor. Knowledge is the other tool that can save you from sure failure. If you don’t know what is good or bad for your investment, you’ll have to listen to other people’s advice, and rely solely on that. The truth is that nobody cares about your investment more than you. Knowledge can help you become a great investor and provide you with a steady income.

When you consider investing in real estate make sure you research the market. There are hundreds of local real estate markets within the United States, and those markets move up and down independently of one another. Timing is an important element. That means you should invest in a market only when it is advisable, not because you live there or something else connects you to the location. What Adam Hochfelder recommends in this video is that you start by selecting the best markets that align with your investment goals. First, choose the city based on the health of its housing market and the local economy, and from there would narrow things down to the best neighborhoods. Only then you can make the best deals within the neighborhoods.

Comments

Things to Know About Investing in Hotel Properties

The hospitality industry is one of the most solvent and fluctuating industries. On a daily basis, this industry deals with transient customers. According to the real estate investor and developer, Adam Hochfelder , this type of the business climate in the hotel industry provides numerous lucrative reasons for investing in hotel properties. Here, Hochfelder gives the key variables you need to take into account when planning your investment. Overview of Asset Classes According to the type of services they provide, there are four main types of hotels: full-service limited-service budget hotels extended stay The "full-service" offers everything a guest might want, including restaurants and bars, conference halls, fully equipped spas, and leisure and sports centers. The "limited-service" is a step-down and offers almost as much as a "full-service". This is typically a restaurant, a fitness center, conference rooms, and a swimming pool. This...

The NYC Real Estate Climate and Its Developments

You may know how the NYC market work, which by the way is the largest and most vibrant one in America, but the question is whether you’re familiar with the housing construction in other parts of the United States. Real estate founder and CEO Adam Hochfelder took this matter into his own hands and investigated whether there has been a reversal in other cities, or was this exclusive to NYC. Overall, almost everything that burdened the housing stock in NYC was sold, which created a feeling that there are a lot of unsold apartments, highlights Hochfelder, an honoree at the Chamber of Commerce. - If I say that today there are thousands of them, I would reveal too much, added Hochfelder. Therefore to him, it wasn’t a surprise at all that in the last year, at a certain point there were 1,400 new apartments build, and changes in the tax laws contributed to the increased sales. According to this renewed real estate expert , this year is rather surprising mainly because of the apartmen...

How to Start a Real Estate Investment Business

Investing in real estate can bring life-changing results. Being able to provide for your family and set yourself up for an easier future is a possibility when you’re investing in real estate, but it doesn’t come without some hard truths. For new investors, getting into the business of buying, selling, and renting homes may seem pretty ambitious. But like any other area of personal finance experts, real estate investing eventually comes down to some simple basics. Making a Plan With the right strategies, patience, and a willingness to learn, it’s a discipline that can help you make strides on the path to financial independence.

Adam Hochfelder

Search This Blog