Real Estate Success
|
|
|
Real estate success? It happens by way of the many things you
repeatedly do right, and it is your habits that ensure they get
done. Here are some habits to develop for your real estate
investing success.
Ask for people's names, and tell them yours. People are your
most valuable resource in real estate investing. The more you
know, the more likely you are to find good properties, or buyers
for your good properties. Get to know the right people too.
Start with a real estate agent that gets many listings of the
type you are interested in. Wouldn't it be nice if he called you
first?
Think numbers. Think people first, but know the relevant
numbers. Ideally, when you look at a rental property, for
example, you should be thinking about the income, the expenses,
and the cap rate. You should be imagining how certain changes
would allow you to raise the income, and what that would do to
the value. Having a "feeling" about a
|
|
|
property, and ignoring the
numbers, gets investors into trouble.
Carry supplies. Always have at least business cards, pen and
paper on you. You never know when you might see a property for
sale, or hear about one. Mention that you invest in real estate,
and sellers, buyers and other investors suddenly appear with
information, opinions, and sometimes deals. Be ready.
Think risk reduction. Put those inspection, financing, and other
contingency clauses in the offer, so you will get your deposit
back when a deal falls through. Know your exit strategy before
you buy. Find value by comparables, not "hunches." Buy
properties through your corporation or LLC. Always look for ways
to reduce the risks.
Real Estate Success Is Found In Action
Set action-oriented goals. Get in the habit of taking regular
steps towards real estate success. Require yourself to look at a
certain number of properties, and maybe
|
|
|
TODAY'S NEWS:
Real estate still faces headwinds, but there are indications the sector may be on the mend. Here are three ETFs for betting on real estate.
Residential real estate In this section you can find different offers on residential real estate from the leading real estate agencies: Apartments for all tastes: standard to luxurious, short or long terms.
A 10-year-old and fast-growing New York real estate brokerage is taking on more space at its Columbus Circle building. Bond Real Estate New York has signed an eight-year renewal and expansion for 10,800 square feet at 1776 Broadway.
|
|---|
|
even to write a certain
number of offers each month. Set at least minimum goals for all
sorts of little steps, like making five phone calls per week,
checking online for new listings twice per week, and so on.
Action creates momentum, and repeated action creates habits.
Good habits lead to success.
Finally, learning more about investing from books, magazines and
even tapes or CDs is a great idea. Just be sure to spend as much
time doing something as reading about it. Some of us let our
fascination and enjoyment of reading about investing get in the
way of actually investing, and of our real estate success.
About the author:
Steve Gillman has invested in real estate for years. To learn
more, get a free real estate investing course, and see a photo
of a beautiful house he and his wife bought for $17,500, visit
http://www.HousesU
nderFiftyThousand.com
|
|
Real Estate Market Conditions
The winter season gives real estate agent/brokers a chance to sit...
A Beginner's Guide To Real Estate Investing Strategies
If you're thinking about investing in real estate to make money,
you...
Real Estate Inspection - Do It Yourself
Why should you do your own real estate inspection? To get a better...
Why Is Las Vegas A Real Estate Hot Spot?
Many people have begun to ask why Las Vegas is such a great place to...
|
|
|
