2. • Zack Childress real estate to embark your real estate
journey on a great note, these are some tips for first-
time investor for buying a home.
• The financial freedom is utmost important for every
investor, Zack Childress advises his investors on
how to purchase a property.
3. How to Learn Basic Real Estate Tricks?
• To do real estate investing is not a cakewalk, it
takes lot of time to learn and experience the
tricks.
• To have an edge above the others, honing your
skill sets are very important.
4. • Educate yourself with basics of real estate
through blogs written by Zack Childress in REI
quick cash system. To buy a home, you need to
know top sellers in the market.
• Building your network will help. As a beginner,
you can join a REIT or any association to get to
know potential sellers.
5. • In order to find, don’t randomly message every
seller through direct mail or respond to every
message you come across.
• Filter them as there would be enumerable
scam messages among the direct messages.
Visit real estate properties as much as you can
to know the property detailing.
6. Income-Expenses= Cash Flow
• Your first investment is considered to be an
asset; it should be of great worth. Consult an
adviser or accountant to get financial information
and make sure you take up a mortgage plan
according to your financial status.
• Don’t quit your job and start investing part-time
initially. There should be sufficient amount of
funds to do investments regularly. This field has
introduced many millionaires to the world.
7. Real estate shortcuts to buy a rental property
• Paying your debts on time will help you maintain a
good credit score and you become eligible for
loan approval easily when you are considering
buying a second home.
• Millennials don’t take an immediate action by
purchasing a home. Analyze the market scenario,
trends, job growth of a city, employment rate, and
future potential growth in property value and then
purchase a property. Mortgage insurance and
other fee are involved in buying a home.
8. • When the interest rate is historically high, it’s not
the right time to purchase a home.
• Distressed properties earn high returns for a
seller and not for a buyer as you may need to
spend on heavy rehab work.
• Calculate Operating Expenses accurately to
allocate a budget.
• Keep your expectations low and realistic, so that
when you visit a property it may impress you.
9. • Market is unpredictable, the rise and fall in
property prices are unable to forecast even by an
analyst.
• Certificate of deposit is safest way to save your
money for a long term if you are not going to
withdraw.
• learn how advertising works to find homes at a
quick speed. You can also check out virtual home
tours for walk through over passage of time.
10. • Don’t make your first investment on Vacation
homes as there are enormous number of scams
happening on a daily basis.
From this review, the key takeaways will be
beneficial for first-time buyers and young investors
who are looking forward to purchase a home.