Real Estate Investing in Peoria, Illinois
I have just completed what I am calling my “first” career with a Fortune 500 company headquartered in Peoria, Illinois. During my “first” career, I had the opportunity to learn, develop and apply many skills relative to product development and business management. During this more than 30-year timeframe, I also had the opportunity to move locations several times. Each relocation meant buying and selling my home. I am now starting my “second” career in “Real Estate Investing in Peoria, Illinois”.
Moving locations multiple times during my “first” career gave me the opportunity to work with several real estate brokers, title companies, mortgage lenders, etc. as we went through the process of selling and purchasing homes. I had numerous opportunities to experience the process first-hand. I became interested in how smoothly the process could be executed and am keenly aware of how difficult a relocation can be if not done correctly. I have found that the skills of the people involved are directly related to how easy or difficult it is to complete the buying or selling process.
I also had a direct view of the potential value associated with investments in real estate. My wife and I have both lost and made money when selling our homes. It seems the ability to make or lose money with real estate was related to many factors, including the overall US economy, the local economy, location of the property, school districts, original purchase cost and timeframes. Over the years, I developed a feel for this.
In order for a real estate business to be successful, you have to have a means of bringing buyers and sellers together. Sellers are looking to sell their property for several reasons, though making a profit is generally not the primary motivating factor. In my case, the primary factor was to sell in a timely manner so I could move to a new location. I did not want to lose money when selling, but sometimes I did. Buyers are primarily motivated by the need to find a home that suits their family’s needs in a timely manner. Of course, they want to purchase at a price that is fair and protects against a loss when it comes time to sell. A good real estate broker helps bring the buyers and sellers together so each party benefits.
Finally, I not only enjoy seeing the increase in value that a property itself experiences after it has been renovated, but I also enjoy seeing the value that it adds to the neighborhood, as the homes around the renovated property also increase in value.
With this background, my wife and I are starting our real estate investment business. Our focus is on purchasing, renovating and then selling properties. We have named our business Path Forward Real Estate Solutions, LLC. The name is significant since we will focus on the path forward out of current personal and property-related circumstances. I will be able to use my business and real estate skills that I have developed – and will continue to develop – to help find your PATH FORWARD. If looking for a path forward on a real estate issue, give me a call at (309) 431-1976.