Nathaniel Fitzpatrick - Real Estate Valuation

Real estate valuation is the most important factor when investing in real estate. Anyone can invest in real estate but without the experience of an appraiser like Nathaniel Fitzpatrick, one could find themselves in a burdensome position.

Recently there has been a boom in fix and flip TV shows. These shows portray what appears to be experienced investors buying, renovating and selling real estate for profit. However, as you know TV shows are for entertainment and rarely depict the truth.

These shows make it sounds exciting and fun to buy a fixer upper. However, there is a lot of work “behind the scenes” that these shows are not explaining. The market is very competitive and finding the right property at the right price is difficult. Since competition is stiff buyers find themselves over paying for properties that need more work than expected.

Nathaniel Fitzpatrick explains how costs like seller concessions, lending fees, permits, transfer/recording fees and taxes are not accounted for. The profits shown are not accurate which entices the viewer to explore this industry. Amateurs often see themselves getting into a project that is much more complex than they were thinking. Investors funding the deal often take back the property as the borrower is unwilling or unfit to finish the project.

While investing in real estate can be fun, it is not for everyone. Real estate is like anything else, the more experience you have the better you will be. Nathaniel Fitzpatrick has been in the industry since 2004 and amassed a wealth of knowledge and experience. When investing in stocks or commodities most investors rely on professionals in that field. Attempting to venture into uncharted territory without experience can prove fatal. Investing in real estate can be rewarding when performed by professionals like Nathaniel Fitzpatrick.