1. Greatest Novels On Real Estate
You just send it from your web site by electronic mail, when you get new properties for sale. There
are 5 factors to contemplate in order to choose whether or not to invest in a property.
Real estate investing tips tend to be a bit vague, like "invest in the right location," or "make sure the
numbers work." Actually, tips like these are important principles to remember. However, since they
have been well represented in other articles, I want to share a few more specific tips with you.
Join the local REIA in your area and meet other investors. Create business cards that show you are
an investor and pass these out to everyone that you meet. You can start doing direct mail campaigns
to homeowners to uncover those that are motivated to sell. Another marketing method is to place
ads in the local newspaper where you could have the potential to reach thousands of homeowners on
a daily basis.
There are some risks involved in renting out properties but these are lower than those involved in
flipping houses or purchasing pre-construction properties.
The thriving investor learns to find financially distressed homeowners who have no decision but to
sell for less than market value. They have lost their job or been by surprise transferred; they are
divorcing; they been living beyond their income; the family has been overwhelmed with medical fees
and, not commonly nowadays, their cash has gone to support a drug pattern. Those are examples of
motivated sellers. They have to sell and they will accept something other than a typical, all money
offer.
What is your plan? If you're not sure, figure it out. Go back to your foundation and start doing
something proactive on a daily basis to propel you closer to real estate investing success. Look at
some listings or drive by a few properties you'd like to look at. Get the ball rolling. As you start
moving, you'll feel the fire coming back into your eyes. You'll start getting excited. Ride that wave of
excitement and see how far it can take you.
2. Again, the answer to this question is yes. Just like any other business, the structure of an MLM
organization is reminiscent of a pyramid. Think of any business large or small. At the top of that
business is the owner or director. Below him or her is the management team and below them are the
rank and file workers; a classic pyramid structure.
First, and it seems silly but it must be said, only invest in properties where people want to live. While
you can buy cheap property in run down areas of the town, it is doubtful that you will turn these into
profitable rental machines. It is better to seek out attractive areas of the town, even if you have to
pay more for them. They will be rented out more often and more easily, increasing your return on
investment.
Finally you need to keep your eye on the long term goals rather than short sighted goals. Rentals are
a marathon rather than a sprint and your profits are long term. Pay as little loan interest as possible
and pay the loans off as quickly as you can. Build your portfolio up as the real profits come from
renting twenty or thirty units.
I've been an active member of Cincinnati REIA since 1998. In addition , I rent my listing of leads to
other investors for $100.00 per name. You may have to sell to cut your losses if all else fails and sell
to a different investor.
