What if spotting an invisible structural problem that can SUCK THE PROFIT right out of your deals was as simple as turning on your phone? That’s right: 98 percent of buildings in the United States have this issue to one degree or another, and if you know where to look on your phone, you can spot it. Get the insight on this tiny profit-sucker in today’s episode. I’m Carole Ellis. This is Episode 14.
Can you believe that 98 percent of the buildings in the country have an invisible structural issue that is literally sucking the profits out of them every single day it goes unresolved? Kind of makes you want to check the ground under your feet, doesn’t it? Before we expose this massive issue that you’ve probably experienced already without even knowing it, however, I want to take just 30 seconds to mention something else that might make the earth move for you if you happen to be renting at this time. You know those mortgage-interest tax deductions homeowners love? Well, there’s a bill in Congress right now, JUST FOR YOU, that would actually have the potential to snag you DOUBLE what homeowners get on their tax returns. Get the details in the News & Networking Section of REI.Today, and let me know what you think about this new development!
Now, back to invisible structural profit-suckers…
Before you get too worried about your office collapsing under you, let me clear up the “structural issue.” Thanks to the dominant trends in construction and urban planning in the United States, 98 percent of commercial buildings have lousy, lousy, LOUSY cell service. As you probably know. And in reality, not all employers or educators, depending on how the building is used, think that’s such a bad thing (turns out they’re wrong, but more on that in a minute). For the majority of commercial space owners and investors, however, that lack of cellular service represents a HUGE problem – to the tune of a 28-percent loss of value to be exact. And while the numbers are not as well-researched on the residential side of the equation, the National Association of Realtors (the NAR if you’re on a first-name basis) and the U.S. Commerce Department recently issued a warning to baby boomers hoping to sell to younger families that if they don’t get strong cellular and wireless signals in all areas of the house, they’d be well-served to look into WiFi boosters and cell-signal boosters to remedy the problem.
So what does this mean for you as an investor? Well, crack out that cell phone when you’re looking at potential deals, because as homebuyers become more and more attached to their phones, you’re going to find that just a bar or two is not going to cut it. Furthermore, according to the same NAR study, listings that note specifically that a property has fast Wifi and strong, consistent cellular signals are likely to attract more buyer interest than similar listings without these important details. When you consider that a recent Pew survey indicated that three out of every four Americans still experience dropped calls, you can see why this might be a sensitive subject that is likely to attract interest to your property.
Oh, and if you want to learn more about how the strength of your cellular signal could be directly affecting your productivity levels at work, school, and even home, then be sure to visit the REI Today Vault to get the EXTREMELY SURPRISING details that I have to warn you, your teenagers are going to love. Not yet a member? Get access now by texting REITODAY no spaces, no periods, to 33444, and I’ll provide fast, free access to that information as well as a lot more seriously insightful stuff that will make your real estate investing safer, faster, and more profitable. So just text the word REITODAY with no spaces or periods to 33444 or visit REI.Today/vault to get access now…
When you do that, you’ll also be able to GROW YOUR NETWORK by interacting with me and your fellow listeners to REI Today… so stop by to ask questions, make comments and network with other investors across the country! Just text the word REITODAY with no spaces or periods to 33444 or visit REI.today/vault right now for your free membership.
And if now you can’t wait to get out there and market your properties with a truly attention-grabbing listing, you’re not going to want to miss the next episode. I’ll tell you which VIEW (that’s right: like out the window) could save you (and which could COST YOU) more than 2 weeks on the market. If you’re looking to flip properties fast, you need to consider this when you buy.
REI Nation, thanks for listening in, and always remember this:
Your best investment is your OWN education.
Carole Ellis is the host of Real Estate Investing Today, a popular 9-minute daily podcast focused on educating real estate investors about the important topics that will make their investing SAFER, FASTER, and MORE PROFITABLE. She's also the editor of the Bryan Ellis Investing Letter. She has more than a decade's worth of experience in and reporting on the real estate industry and, additionally, has written dozens of courses on the topic. Carole lives in Kennesaw with her husband, Bryan, and four children. She believes wholeheartedly that your best investment is always your OWN education.