OVERCOMING THE OBSTACLES TO A SUCCESSFUL REAL ESTATE PROJECT IN THE USA

 OVERCOMING THE OBSTACLES TO A SUCCESSFUL REAL ESTATE PROJECT IN THE USA

When it comes to real estate, a natural question to ask is this: if real estate investment in the US is a source of great opportunities, why aren't there more investors? One likely explanation lies in the obstacles and anxieties that prospective investors face. These anxieties are sometimes justified, as any real estate investment project, especially one across the Atlantic, is not to be taken lightly, especially if it's the first time.

Every problem has a solution. When it comes to the obstacles that must be overcome to successfully complete a real estate project, only knowledge and preparation in advance can provide viable solutions. Investir.US offers you a better understanding of these obstacles and barriers, with a view to overcoming them.

The fear of not having money to invest in a real estate project in the USA

The fear of running out of money to carry out a real estate investment project in the United States is one of the main obstacles for any investor. It's also one of the easiest to overcome, since you shouldn't just focus on the cash in your bank account to determine your investment capacity...

Many successful investors started with just a few dollars. They say it themselves: to succeed in US real estate, you don't have to be rich!

Fear of lack of experience

Here again, there's a first time for everything! Lack of experience is a common occurrence for all successful real estate investors. There's no reason not to take the first step. By working with a competent professional, you'll put the odds in your favor. 

As you progress, you accumulate knowledge and skills that will be useful for your future projects... Once the transaction is finalized, you are the proud owner of real estate in the USA and everything becomes a question of trust...

A real estate investment project in the USA? Get help

Fear of a selling price that is too high

Even seasoned real estate investors wonder whether the price they're paying for the property they're buying is too high, right up until the very last minute of closing the deal. Looking back, the question to ask is: "Too high compared to what?"

Real estate prices in the US, like everywhere else, are a function of the market at any given time. Some people buy their homes only to resell them 20 years later, multiplying their profit by more than 10. This profit does not necessarily mean a substantial increase in prices! The price paid for a property in the United States has no impact on its current value. As long as the price corresponds to the market value, it can be considered a fair price to pay.

The selling price is often the argument that holds back potential investors who, instead of focusing on possible opportunities, limit themselves to the price, which they deem potentially too high. A real estate professional can help you see clearly and determine whether the property's price makes the investment a worthwhile transaction or not. Once you understand the steps involved in successfully completing a real estate project across the Atlantic and the benefits to be gained, you'll quickly realize that price is ultimately of little importance.

The fear of having to manage the property

The mere thought of having to manage a property can daunt many investors. But property management shouldn't be a headache! In fact, one of the surest ways to increase the value of a property over time is to manage it properly. By maximizing rental income, keeping expenses under control, and establishing good relationships with tenants, it's possible to make a real estate investment profitable.

Owners of smaller buildings often choose to manage their rental properties themselves. For larger buildings, it's best to rely on a professional property manager. Their job is to maximize the property's rental yield. This ensures it's rented quickly and maintains a minimal vacancy rate.

Regardless, in most cases, the cost of using a professional property manager is more than offset by the savings you can make from their support.

Fear of an economic recession

No one can predict the beginning or end of an economic recession. Even banks, when granting a loan, don't know what tomorrow will bring...

Seasoned real estate investors know that the economy fluctuates. However, there are ways to build equity in case of another recession, especially when real estate prices are at their lowest. In any case, in the real estate sector, properties located in desirable areas are better prepared for uncertainties and other economic crises than others.

Fear of risk

Most investors who don't dare to venture into real estate have difficulty understanding the risk involved in their project. It's easier to stay in your comfort zone... because change creates anxiety... But change is also a part of life. When we're comfortable with a situation or in the midst of a routine, it's completely unnecessary to think about risk. However, whatever its degree, risk is never completely absent, in both professional and personal life. Furthermore, risk is one thing, while the fear of risk is another. Letting fear take over destroys any possibility of making any kind of profit.

As we move forward with real estate investing in the US, it's important to focus on those who have succeeded, not those who have failed. The latter only fuels our fears. The goal, above all, must be to create a balance between risk and reward.

Fear of not having enough information

A real estate investor may be completely new to the subject. As such, it's only natural to realize that the information and knowledge available to us are limited. For those beginning real estate investment projects in the United States, it's wise to seek the support of a coach or mentor. They will gladly share their knowledge and tips as a successful investor and can often unblock situations that may seem inextricable.

Investing in real estate in the US requires a step-by-step approach, research, and analysis. Even if it's located in an ideal location, real estate doesn't guarantee financial success. Many factors, such as rental prices, the selling and purchasing prices of comparable properties, vacancy rates, and others, should be considered before embarking on an investment project, regardless of its size. It's also essential to understand and master the financial aspects (bank loans, mortgages, etc.) as well as the specificities of the US real estate market. To ensure the success of your real estate project in the US, call on an experienced expert who can guide you through every step.