7 Simple Steps To Real Estate Investing

December 25, 2010 by Editor
Filed under Real Estate Basics

Leave a Comment

Free Online Articles Directory

Why Submit Articles?
Top Authors
Top Articles
FAQ
AB Answers

Publish Article

0 && $. browser. msie ) {
var ie_version = parseInt($. browser. version);
if(ie_version Hello Guest
Login

Email
Password

Remember me?Lost Password?

Home Page > Finance > Real Estate > 7 Simple Steps To Real Estate Investing

7 Simple Steps To Real Estate Investing

Edit Article |

Posted: Dec 22, 2010 |

]]>

7 Simple Steps To Real Estate Investing
Whether you are BRAND NEW to real estate investing or an expert in the game, it’s critical that you understand these 7 Simple Steps to real estate investing.
Visit here:http://www. worldwidewriter. com//article-display. php?articleid=3661
First things first…
• Real Estate is NOT a get rich quick scheme. However, if you learn the foundations and put them into practice, you will make more than enough money to realize any and all of your dreams and goals.
• The real estate bubble is not going to burst! The real estate market will, however, shift and the real estate market will change – just as it always has! What’s “hot” now may turn ice cold in the next 3 years (or perhaps even 3 months). But, there are ways to “bubble proof” your real estate investments. It’s actually quite simple.
Did you know that in the United States, in 1975, the median home price was $33,300? In 2005, the median home price was $195,000. Historically, the average home doubled every 7 years. If you do the math, it should be well over $200,000.
OK… Now, having said that… The real estate market WILL change and what is “working” today in real estate may not in the future… The rental market was strong a decade ago, but has been soft in recent years. We are getting ready for a turn once again.
Real Estate IS a cycle… and cycles have some degree of predictability. With predictability, you can grow your real estate business into a cash-producing, profit-pulling machine that runs itself WITH the changing real estate market trends. It is still possible to make money in real estate. In fact, now is just as good a time as any to get started in real estate investing.
But, you’ve got to make wise investments. Sure, you may make some SERIOUS cash in pre-construction, but what happens if (no, not if – when) the market shifts and there are suddenly 35 identical properties on the market for sale in the same building? How long can you afford to carry a negative cash flow on the property?
Or how about taking over property ‘subject to’? Sure, it’s a great strategy and lenders may be inclined to turn the other way and not exercise the “due on sale” clause as long as the interest rates are at rock bottom prices (You know, those sellers that you’re usually taking property subject to from usually don’t have the lowest interest rates, right?)
If the interest rates spike to 10-11%, don’t you think lenders might be MUCH MORE inclined to exercise their option to make you pay off the 6. 5% note?
What this means is simply that you must be experienced in the basics – the tried and true techniques, strategies and systems that have worked in the past, are STILL working and will work in the future.
You’ve got to have all the tools in your bag so that you can go with the flow and not be affected when real estate markets begin to shift (which they are already in the process of doing, in case you’ve missed that memo!
Step #1 – Set your plan: Figure out what your long term real estate goals are (aka retirement and wealth building) and figure out what your short term needs are with regard to making money in real estate. Then, set up the proper entities and put the plan in place.
Step #2 – Determine what your target market will be: You cannot be all things to all real estate markets. If foreclosures appeal to you, start investing in the foreclosure market. If you want to be a landlord, look to out of state owners to focus your real estate marketing efforts.
Step #3 – Be consistent and persistent: Real Estate is not a get rich quick scheme. Real Estate is get wealthy over time and put some quick cash in your pocket today. You’ve got to follow your plan and stick with it to see real results in real estate. You’ve also got to continue to increase your education and your experience.
Step 4 – Don’t fall into the “Analysis Paralysis”: Learn to analyze properties quickly. Don’t get caught up overthinking. It’s quite simple actually: What’s the property worth? What does the property need for repairs? And how much can you get the property for? It all comes down to numbers!
Step 5 – Become a master of finance!: Real estate is the business of marketing and finance. You must learn about mortgages and interest rates and loan programs that are out there. You must know how to use finance to negotiate your deals and to sell your properties.
Step #6 – Become a skilled problem solver: The reason you will get real estate deals that others don’t, is because you are able to solve people’s problems. Anything goes on the real estate playing field. You’ve got to be ready!
Step #7 – You must continue your education: It is important that you are always investing in your education and learning new tactics, strategies and tips that will help you make more in real estate.
If you enjoyed this article, make sure to look up the other articles discussing The 7 Simple Steps To Making Money on Real Estate. The next article discusses Step #1 – set your plan in further detail!7 Simple Steps To Real Estate Investing

Retrieved from “http://www. articlesbase. com/real-estate-articles/7-simple-steps-to-real-estate-investing-3895046. html”

(ArticlesBase SC #3895046)

Liked this article? Click here to publish it on your website or blog, it’s free and easy!

sumeet –
About the Author:7 Simple Steps To Real Estate Investing

]]>

Questions and Answers

Ask our experts your Real Estate related questions here. . . 200 Characters left

Which is best investment in India – Real Estate, Gold or Mutual Funds and why?
After buying an investment real estate with a loan on another investment property, what is the time frame for selling that property so it could be used for the exchange?
Hi I am Priyam. I live in Chicago,USA. I want to invest in real estate. which will be the better option for me to invest, land or appartment. Please reply at Priyam812@yahoo. com

Rate this Article

1
2
3
4
5

vote(s)
0 vote(s)

Feedback
RSS
Print
Email
Re-Publish

Source: http://www. articlesbase. com/real-estate-articles/7-simple-steps-to-real-estate-investing-3895046. html

Article Tags:
real estate, real estate investing, getting started in real estate, real estate investing tips, real estate investing course, make money in real estate, real estate training

Related Videos

Latest Real Estate Articles
More from sumeet

How To Invest In Real Estate

Free expert real estate tips in how to invest in real estate property. Purchasing real estate with no money down using real estate sales tips. Use this great opportunity to expand your real estate investing profits. (02:29)

Tudor City NY Real Estate Guide

NYDN Real Estate presents a look into Tudor City’s real estate with Jason Sheftell. (01:35)

Ilyce Glink on Investing in Residential Real Estate

Real estate guru Ilyce Glink offers tips for budding real estate investors on evaluating properties, thinking about real estate in relation to other investments, and building a team of experts. (10:40)

The Drivers Behind Real Estate Funds’ Recent Rally

First American Real Estate Fund’s Jay Rosenberg on the drivers behind real estate funds’ recent performance and the fundamentals and outlook today. (06:57)

Washington Square Park NY Real Estate Guide

Jason Sheftell talks about the real estate market north of Washington Square Park. (01:46)

Making Money Online: a Beginner’s Guide

Take it or leave it, making money online is just like any other serious daily endeavor in life geared towards success. It involves Dedication, self motivation, self-belief, passion, interest, persistence and lots of patience; if any of these characteristics is missing in your life right now, you might do well to try and improve on it before you step into the online dungeon… If not, you’ll be frustrated out before you could say… “My money”!

By:
Fred Omorogbel

Business>
Online Businessl
Jan 20, 2009

Real Estate: Making Money With the Purchase Price

Investing in a home today requires patience and diligence if you are going to turn a profit in less than five years. You can essentially count on interest rates to rise, and there will be some price adjustments in the coastal markets, but a complete fallout is unlikely. This may lead to presumptuous media headlines, but it also translates into an opportunity for those who will do the research.

By:
Xavier Galleryl

Finance>
Real Estatel
Jul 13, 2006
lViews: 155

How To Make Money From Real-Estate Trading

With a booming real estate market, many are wondering at the possibilities of making money through real estate trading. There has been lots of hype on the internet about making huge amounts of cash with no investments, no training, and no real idea of how real estate trading works. Some. . .

By:
Wisam Abdulazizl

Finance>
Real Estatel
Jul 30, 2007
lViews: 107

Forex Day Trading – 3 Things You NEED to Know to Make Money With Forex!

For those individuals looking to learn an effective investment opportunity that can generate large profits in a short time frame, Forex day trading provides the ideal conditions to start trading quickly and easily.

By:
Joe Pahll

Finance>
Currency Tradingl
Aug 19, 2010

Use Teleseminar Secrets to Make Money With your Phone

Discover the number one most powerful marketing secret almost ever successful internet marketers use to turn the web into their own personal ATM machine.

By:
Paul Sterling & Kristin Dentonl
Marketingl
Nov 03, 2007
lViews: 197

Make Money – Save Money – Reduce Expenses – Live Better, Part I

How to Increase Your Income at Work Ask for a raise. If you feel you are over performing and are under paid for it then ask for more. A couple of great places to get tips for doing this successfully are http://hotjobs. yahoo. com/ or http://www. monster. com/. Also take the time to research some articles and advice regarding asking for a raise in a turbulent economy before going into your supervisor. You want to feel very confident in what you bring to the company before walking in that door.

By:
Theodore Hendersonl

Self Improvement>
Self Helpl
Sep 17, 2010

What Everybody Ought To Know About Real Estate Training

The definition of real estate normally comprise title to air rights, mineral rights, and surface rights which can be bought, leased, sold, or move together or separately.

By:
Nick Cifoniel

Finance>
Real Estatel
Mar 09, 2009

5 House Flipping Tips from Real Estate Power Investor

The best way to make money in this market is to be ready and waiting when the market presents the opportunity

By:
R Hancockl

Business>
Entrepreneurshipl
Apr 25, 2009

Emaar MGF properties

Emaar MGF Land Limited Properties PJSC, a Dubai based most important worldwide property Development Company and MGF Development Limited India. Emaar MGF Land Pvt Ltd. presents some memorable plans in Gurgaon contain as- Emaar Palm Terraces Select in Gurgaon, Emaar Palm Drive in Gurgaon, Emerald Floors Premier Gurgaon and many more.

By:
Aradhanal

Finance>
Real Estatel
Dec 25, 2010

Picking The Right Barrie Real Estate Area

The importance of location in real estate buying or renting cannot be overemphasized. Whether you want to buy or rent a home or business property, it is important to pick the right area for your Barrie real estate property.

By:
Ian Hockingl

Finance>
Real Estatel
Dec 25, 2010

Planning your workplace Euston-based team building events as a way to unite your workforce

Connecting and bonding as a team when at work isn’t just about being civil and behaving as professionals to one another – it is much more! Individual members of a team can dislike each other or even disagree but above all respect is a vital ingredient to the dynamic of any work place.

By:
Leroy Batardl

Finance>
Real Estatel
Dec 24, 2010

First Time Home Buyers Grants : Preparation Before Application Increases Probability Of Approval

The government of United States presents awards in the form of first time home buyers grants to responsible and eligible citizens who wish to own a home. Legal citizens with good records in addition are eligible to utilize this provision provided they earn quite low and are unable to afford expenses to build a house.

By:
Gerald Homerl

Finance>
Real Estatel
Dec 24, 2010

2011 Property Outlook

As we approach the end of the year 2010, we can look back and see that it has proved to be very mixed year in property sales. Stamp duty changes affected the market – initially helping sales with the £175,000 threshold, although the reversion to £125,000 has seen some house prices decline towards the end of the year. There has been an overall increase in the number of properties up for sale between August and October, leading to pressure and competition in pricing.

By:
A Barringtonl

Finance>
Real Estatel
Dec 24, 2010

Important Points of Contest a Will – Acquire General Guide

A last will and testament is a legal document outlining an individual’s wishes regarding final disposition of all assets. It often also describes the deceased person’s desired regarding burial, cremation, or other funeral proceedings. Frequently, individuals write a will that includes gifts to specific persons, organizations or causes that are meaningful to them. If a person has minor children, a preferred guardian such as a sibling or other close relative may be listed. This way, if both parent

By:
Ray Kerstenl

Finance>
Real Estatel
Dec 24, 2010

Some Important points about No Fee NYC Apartments

It is not very complicated to understand the concepts of no fee New York City Apartments and its difference with Fee New York City Apartments. If one engages real estate agent for renting an apartment then one need to pay agent some percentage of commission for helping to find your apartment, as commission is paid this is said to be Fee Apartment. If you look for apartment without taking any agents help this it is considered as No Fee NYC Apartments.

By:
Anjalil

Finance>
Real Estatel
Dec 24, 2010

NYC Apartments are designed according to latest trends

No matter how modern the society is and how fast the generation moves and how trendy the city is still people face the same old troubles generation by generation. YES!! The same problem, finding perfect NYC Apartments is still a problem in this big New York City where you will witness the fastest fashionable centre and young generation loves to live in this city.

By:
Anjalil

Finance>
Real Estatel
Dec 24, 2010

A Credit Card that Offers Great Benefits Beyond Just Travel

The biggest trend among credit card companies today is in the realm of travel related rewards. People want to travel more and more and they are looking to credit cards to assist them with their frequent flier miles and the travel rewards that come with them.

By:
sumeetl

Finance>
Creditl
Dec 23, 2010

5 money saving tips when selling your home

This article will help your save money when selling your home.

By:
sumeetl