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JAMIE GOLDSTEIN
BOCA RATON
RealEstate Investing Tips
Real estateisachallengingbusinessthatrequiresknowledge,
talent,organization, networking,andperseverance.Becoming
knowledgeableandeducatedabouttherealestatemarketis
crucial,butoften thiscomeswithmorethanjustin-class
learningUnderstandingtherisks,investinginanaccountant,
finding help,andbuildinganetworkareallpartandparcelto
thesuccessfulrealestate investor.
Real estateinvestingcanbecomplicatedanddemanding,andasolidplan
cankeepinvestorsorganized andontask.The planwouldinclude
estimatedoutlaysandinflowsof cashfromrentals,howmanyunitsto own
whento refurbishorupgradeunits,demographicchanges,andanything
elsethatcouldimpactyourinvestmentover time.
1.MAKE A PLAN
2. KNOW THE MARKET
Effective realestateinvestorsacquireanin-depth knowledgeof their selectedmarkets,
suchasnarrowinginonaparticulargeographicregionandfocusing onresidentialvs.
commercialproperties.Keeping abreastof current trends,includinganychangesin
consumerspendinghabits,mortgagerates,andtheunemploymentrate, to nameafew,
letsrealestateinvestorsacknowledgecurrent conditionsandplanfor thefuture.This
enablesthemto predictwhentrendsmaychange,creatingpotentialopportunitiesfor
theprepared investor.
3. BE HONEST
Real estateinvestorsareusuallynotobligatedto upholdany
particularpledgeof ethics.Although it wouldbeeasyto take
advantageof thissituation, mostsuccessfulrealestateinvestors
maintainhigh ethicalstandards.Since realestateinvestinginvolves
people,aninvestor'sreputationislikely to befar-reaching.Effective
realestateinvestorsknowit isbetterto befair, ratherthanto see
whattheycanget awaywith.
4. DEVELOP A NICHE
It isimportantfor investorsto developafocusinorderto gainthedepthof
knowledgeessentialto becomingsuccessful.Taking thetimeto buildthislevelof
understandingof aspecific areaisintegralto long-term success.Once aparticular
marketismastered,theinvestorcanmoveonto additionalareasusingthesamein-
depthapproach.Somenichesmightbehigh-end residential,low-incomemulti-
unithousing,orruralfarm rehabs.
5. ENCOURAGE REFERRALS
Referralsgenerateasizable portionof arealestateinvestor'sbusiness,so
it iscritical that investorstreat otherswithrespect.This includesbusiness
partners,associates,clients,renters,andreallyanyonewithwhomthe
investorhasabusinessrelationship.Effective realestateinvestors pay
attention to detail,listenandrespondto complaintsandconcerns,and
representtheir businessinapositiveandprofessionalmanner. This
buildsthe kindof reputationthat makesothersinterestedinworking
withthose investors.
6. STAY EDUCATED
As with any business, it is imperative to stay up to date with
the laws, regulations, terminology, and trends that form the
basis of the real estate investor's business. Investors who fall
behind risk not only losing momentum in their businesses but
also legal ramifications if laws are ignored or broken.
Successful real estate investors stay educated and adapt to
any regulatory changes or economic trends. Moreover, keep
up on the real estate, tax, and lending laws and regulations
that could directly or indirectly impact your business.
Stock marketinvestorsareinundatedwithregularwarningsregardingthe
inherentrisksinvolvedininvestingandthepotentialfor loss.Real estate
investors,however,aremorelikely to seeadvertisementsclaimingjustthe
opposite:thatit iseasyto makemoneyinrealestate.Prudentrealestate
investorsunderstandtherisks—not onlyintermsof realestatedealsbutalso
thelegal implicationsinvolved—andadjusttheir businessesto reducethose
risks.
7. Understand the Risks
THANK YOU
Website
https://www.pillar.vc/team/jamie-goldstein/

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Real Estate Investing Tips By Jamie Goldstein highland beach

  • 2. Real estateisachallengingbusinessthatrequiresknowledge, talent,organization, networking,andperseverance.Becoming knowledgeableandeducatedabouttherealestatemarketis crucial,butoften thiscomeswithmorethanjustin-class learningUnderstandingtherisks,investinginanaccountant, finding help,andbuildinganetworkareallpartandparcelto thesuccessfulrealestate investor.
  • 3. Real estateinvestingcanbecomplicatedanddemanding,andasolidplan cankeepinvestorsorganized andontask.The planwouldinclude estimatedoutlaysandinflowsof cashfromrentals,howmanyunitsto own whento refurbishorupgradeunits,demographicchanges,andanything elsethatcouldimpactyourinvestmentover time. 1.MAKE A PLAN
  • 4. 2. KNOW THE MARKET Effective realestateinvestorsacquireanin-depth knowledgeof their selectedmarkets, suchasnarrowinginonaparticulargeographicregionandfocusing onresidentialvs. commercialproperties.Keeping abreastof current trends,includinganychangesin consumerspendinghabits,mortgagerates,andtheunemploymentrate, to nameafew, letsrealestateinvestorsacknowledgecurrent conditionsandplanfor thefuture.This enablesthemto predictwhentrendsmaychange,creatingpotentialopportunitiesfor theprepared investor.
  • 5. 3. BE HONEST Real estateinvestorsareusuallynotobligatedto upholdany particularpledgeof ethics.Although it wouldbeeasyto take advantageof thissituation, mostsuccessfulrealestateinvestors maintainhigh ethicalstandards.Since realestateinvestinginvolves people,aninvestor'sreputationislikely to befar-reaching.Effective realestateinvestorsknowit isbetterto befair, ratherthanto see whattheycanget awaywith.
  • 6. 4. DEVELOP A NICHE It isimportantfor investorsto developafocusinorderto gainthedepthof knowledgeessentialto becomingsuccessful.Taking thetimeto buildthislevelof understandingof aspecific areaisintegralto long-term success.Once aparticular marketismastered,theinvestorcanmoveonto additionalareasusingthesamein- depthapproach.Somenichesmightbehigh-end residential,low-incomemulti- unithousing,orruralfarm rehabs.
  • 7. 5. ENCOURAGE REFERRALS Referralsgenerateasizable portionof arealestateinvestor'sbusiness,so it iscritical that investorstreat otherswithrespect.This includesbusiness partners,associates,clients,renters,andreallyanyonewithwhomthe investorhasabusinessrelationship.Effective realestateinvestors pay attention to detail,listenandrespondto complaintsandconcerns,and representtheir businessinapositiveandprofessionalmanner. This buildsthe kindof reputationthat makesothersinterestedinworking withthose investors.
  • 8. 6. STAY EDUCATED As with any business, it is imperative to stay up to date with the laws, regulations, terminology, and trends that form the basis of the real estate investor's business. Investors who fall behind risk not only losing momentum in their businesses but also legal ramifications if laws are ignored or broken. Successful real estate investors stay educated and adapt to any regulatory changes or economic trends. Moreover, keep up on the real estate, tax, and lending laws and regulations that could directly or indirectly impact your business.
  • 9. Stock marketinvestorsareinundatedwithregularwarningsregardingthe inherentrisksinvolvedininvestingandthepotentialfor loss.Real estate investors,however,aremorelikely to seeadvertisementsclaimingjustthe opposite:thatit iseasyto makemoneyinrealestate.Prudentrealestate investorsunderstandtherisks—not onlyintermsof realestatedealsbutalso thelegal implicationsinvolved—andadjusttheir businessesto reducethose risks. 7. Understand the Risks