Wednesday, 28 March 2012

Tips for top real estate investor

  • Real estate investors must do homework .You have to understand your local real estate marketing, best practices, financing processes, and negotiation tactics.

  • It is a numbers game in real estate. The amount of contracts you get signed is equally to amount of offers you make. So try to be a realistic Real Estate Investors

  • Try to overestimate your costs and underestimate repair value, then you will make money with this deal. The reason for many investors exit strategies fall apart, is because they over-inflated their after repair value and did not budget for added costs during the rehab.Try to get your money ahead of time.

  • Know what type of property do you want.If you want a bank-owned property, focus on bank owned property. If you like 3 family homes then stick to that property.Lack of focus in your investing will also make you as blindfolded.So get focused and then scale up .

  • Avoid paying to national markets . Choose a dedicated area that you want to invest in. Learn as much as you can before calculating the rise and fall of average home value in the US.

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