Making Money in Real Estate

WARNING: This single step can double your real estate investing income in the next 90 days. Decide on your target market Determine what your target market will be. I know from experience that it is really easy to want to do EVERYTHING: Foreclosures, probate, absentee owners, abandoned properties, tax liens, lease options, and the list goes on and on! But, to be a successful real estate investor and to really make money in real estate, you've got to focus! Drill an inch wide and a mile deep!

Let me guess, you heard a teleseminar on short sales and you wanted to dive in! Then, you buy the probate home study course you just found online!

I am guilty of this! I went to a 3 day real estate training several years ago. Every single strategy, technique or tactic that was taught was "it"! So, promptly upon leaving, I decided to try everything all at once... The thing about this is that we're so often looking for the magic pill, and unfortunately, no such elixir exists in real estate.

Believe me. I


SEIZED PROPERTIES AT 90% OFF MARKET VALUE! FIND ONE FOR YOURSELF...

Click here for more info!


understand your frustration when everything seems to contradict everything else. So, I'm going to clear things up for you! You don't have to do everything in real estate. You have to do one or two things well. So, perhaps you work with foreclosures and within the probate system for your real estate investing focus. You become the expert in those areas.

You learn one market and how to negotiate, overcome objections, solve problems that come up and so forth. I systematized it and then move on to the next market and let the system run on autopilot.

So, first things first...

1. Pick your niche: Foreclosures, probate, absentee owners, MLS, abandoned properties, farming neighborhoods, tax liens, code violations, etc.

2. Determine your method of communication: Direct mail, driving for dollars, telemarketing or mass media advertising

3. Set your real estate marketing budget: Figure out how much you are going to spend per campaign. A campaign is not a monthly

TODAY'S NEWS:

Jan. 6 (Bloomberg) -- China’s central bank and banking regulator are formulating a plan to allow developers to raise funds through real-estate investment trusts, or REITs, hoping to restart construction projects hamstrung by financing issues.

Jan. 6 (Bloomberg) -- China’s central bank and bank regulator are formulating a plan to allow developers to raise funds through real estate investment trusts, or REITs, said the country’s vice housing minister.

Jan. 6 (Bloomberg) -- Poly Real Estate Group Co. , China’s second-largest publicly traded developer, said property sales rose 20.4 percent to 20.5 billion yuan ($3 billion) last year.


budget. Keep in mind a real estate marketing campaign is not necessarily a monthly budget. You may spend $100 one month and $500 the next simply because of what marketing tactics you are using.

4. Implement Implement your plan - and stick to it! You've got to commit to your real estate marketing or else you'll be throwing money out the front door rather than really making money in real estate! Be patient and stay in for the long haul and the deals will come. Just remember that real estate marketing is an investment into your real estate business and constant investment results in a constant stream of income.

About the author:

The Next Level Institute is dedicated to helping real estate investors - whether a brand new or a seasoned investor - become more successful with less effort. Get your free 4-part mini-course on finding deals AND learn the 7 keys to sucking in the deals faster than a "Hoover" vacuum! Get your free e-book at: www.7steprealestate.com


More Great Articles:

Real Estate Appraisal Software
What is real estate appraisal software? Real estate appraisal...

Still Hot Real Estate Markets Heating Up, Real Estate Add Reports
There are still hot real estate markets in America, according to the...

The Mind of the Real Estate Investor
Myself and many others are living proof that by changing your mental...

Negotiating Real Estate - Go Slow
Why should you sometimes go slow when negotiating real estate deals?...

Sitemap

How to Become a Successful Real Estate Developer
Real estate investment and development has never been a more popular...

Real estate software for Palm PC
How can Palm PC be useful for real estate professionals? A real...

Real Estate You Need to Know: Forms of Ownership
In this brief article I explain forms of ownership, that is, how you...

Good Faith Deposit – Real Estate Transactions
In a real estate transaction, a touchy issue is how much trust the...

Click Here For More Info!