- 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.
Wednesday, 28 March 2012
Tips for top real estate investor
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