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Real Estate
Investing Tips
You are getting these free
real estate investing tips because I know how difficult it
is to find real helpful information on real estate investing.
When I started my investing I was broke, frustrated, without a
job, and very limited in my real estate investing knowledge. If
only someone had pointed me down the right path early it would
have saved me years of learning through the school of hard
knocks.
Only buy if it is immediately
profitable. Look at
it this way… If you can not buy the property today and sell it
next week for a profit then it is not a deal! Anybody can pay
too much for a property thinking they will be profitable over
time but if you follow this simple rule it will keep you out of
harms way. Just imagine you purchased 5 homes based on the
premise that you would sell them in 5 years for a great profit
because the market is appreciating (note: this is not investing
it is speculating). What happens if next week you or family
members are diagnosed with cancer (or whatever) and you must
move across the country and sell all 5 houses? Unless you
followed the above rule you could lose your shirt. Be an
investor, not a speculator.
Invest in your real estate
investing education.
For the first 10 years as an investor I kept doing the same
thing over and over that I learned in the first year. Later
when I learned about wholesaling, buying subject to, and short
sales my profits as a real estate investor skyrocketed. Had
someone given me these real estate investing tips earlier it
would have changed everything about how I invested. The book “Real
Estate Magic 101 – How To Get Rich In Real Estate Even If You’re
Dead Broke!” will change your life and how you view real
estate investing.
My real estate investing library
is huge and I have purchased more courses than anybody else I
know. To this day I still attend 1-2 real estate investing
seminars every year where I am looking to learn just one or two
things that will help me make more with less effort.
Study Wholesaling.
Most investors and Realtors do not really believe you can
purchase properties at 30-50% below market value. For most
buying a property for $20,000 to $25,000 below market is a
phenomenal deal. But when you learn how to buy wholesale at
substantial discounts real estate investing takes on a whole new
meaning. Even now you might be wondering if these types of
deals really exist and I assure you they are real. But you have
to learn how to find them because rarely are they brought to you
by a Realtor. What you need is a great
wholesaling system so you can find these deals on a
consistent basis.
You don’t need cash or credit
to be successful.
When I started as a real estate investor I used my own cash and
credit because I did not know about purchasing properties
“subject to” their existing financing, wholesaling to other
investors to generate cash, or that it was not difficult to get
private or hard money to fund deals if you bought the properties
at a large enough discount. Nobody told me there was another
way and it took me years to discover it on my own. Because
you’ve read these real estate investing tips you can not claim
ignorance.
Make Offers.
All the studying, looking and analyzing real estate investment
property is a complete waste of time if you are not making
offers. If you want to be a real estate investor you have to
buy property. If you want to buy property you have to make
offers. It is as simple as that. If you are looking for a
system that can automate your buying business and analyze
properties, make offers, and print all of the necessary
documents in less than 5 minutes check out this
automated system.
Real Estate Investing Tips #6
Accept responsibility for
your success! I see
people all the time who think they need to do just one more
thing before they can be successful. They can’t buy a house
until they take another course, get a partner, set up an LLC, or
have $1,000 in the bank. It’s human nature to make excuses and
procrastinate. You will be successful the minute you decide that
you are going to do whatever it takes. There are only two
things in life results and excuses!
Make a commitment and keep it.
Whether you are looking to buy your first investment property or
you want to buy 2-3 properties per week your success will be
determined by the regular actions you take. Committing as
little as 1 hour per day or 4 hours every Saturday MAKES a huge
difference in your success. Most people have plans to do
something but never actually do it. Make your commitment to do
something daily or weekly, then do it, and your success is
guaranteed. | 
