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We run a small business in which we buy and sell properties so if you want to invest in real estate then contact us since we are looking for real estate investors immediately.
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01 Create a plan for your real estate investing What are your goals? Are you building an investment portfolio planning for retirement, for building wealth, or for cash flow? Most likely it is a combination of those, but by putting both your long term goals and your short term needs down on paper, you can make decisions based upon your plan. 02
02 Choose a market, and go after that market There are many different avenues to making money in real estate. You can specialize in buying foreclosure properties. You can invest in rental properties. What ever avenue appeals to you, learn this one method exhaustively, and pursue it with passion. By specializing in a market, you can increase your knowledge, contacts, and expertise, allowing you to make more deals, and better profits. 02
03 Work everyday, and stick with it There are so many people promoting the idea real estate investing is easy, fast money. In reality it takes time, effort, and elbow grease. As with any business, if you want to make great profits, it will take time, consistent effort, and a stubborn attitude to get things done, and never give up. 02
04 Evaluate carefully, and make decisions quickly Don't get trapped into paralysis by analysis. Too often great deals slip away simply because we were afraid to trust the numbers, and to make a decision. Do the necessary evaluation, but then trust your facts, and pull the trigger. Your numbers need to include your purchase price, renovations, repairs, other expenses, and your desired profits. Once you see those numbers are right, jump on the deal. 02
05 Study Marketing and Financing Study Marketing and Financing. You need to become an expert in these areas. Your profits are greatly affected by your abilities to use mortgages, and other financing options for your projects. Marketing is needed in both selling your project to the mortgage companies, but also when you are ready to sell the home to bring in your profits. 02
06 Solve Problems for people The best deals are made when you are solving someone else's problem. You will need to listen closely to the reason people need to sell their property, and what they need out of the deal. When you can solve their main dilemma, you not only become a hero for them, but you most often get a better and more profitable deal for yourself. Your ability to solve problems will put you miles ahead of your competitors. 02
07 This business is always in a state of change Regulations, costs, techniques, loan options, and many other things change every year. To stay at the top of the game, it is important you continue your education in real estate investing. By having the most up to date information, you will have greater opportunities, and avoid the potential of costly mistakes. 02
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