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Real Estate Information |
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Real Estate Investing Requires Education
I really believe in getting an education in real estate investing, especially before launching a real estate investing career. I have been investing in real estate for 25 years, but I still spend thousands of dollars each year to learn more about real estate investing. To avoid unnecessary risks, you need to know as much as possible. If you make a wrong move in buying, managing or selling your property, you can lose everything, and your efforts will be flushed down the toilet. On the other hand, if you have what I call know-how savvy, you can weather almost any of the financial storms that will inevitably brew around your real estate investing venture. Here are some of the critical essentials to make real estate investing pay off. 1.You've got to have a solid overview of the business. You just can't go out and start making offers - even if you have some money. I guarantee you'll lose your money if this is your approach. Don't think that fixing up houses is a piece of cake. You've got to know what you're doing. 2.You've got to have a good contract. Picking up a crinkled ole contract document from your friendly real estate agent won't cut it. Most contracts are NOT written to give you the slight edge as a real estate investing professional. A good contract means the difference in walking away from a closing with money out of your pocket or in your pocket. I have taken home thousands and thousands of dollars from closings - up to $75,000 from my best closing on just a cheap little house. But a fistful of bills at closing is not your only reward for having a good contract. You can get your seller to take care of some or all of your closing costs if you have a good contract. And you can avoid some of the usual buyer costs if you have a good contract. Have a good BUYER'S contract as a real estate investing professional. 3.You've gotta have a good working model as a pattern for your fix-up project. If you have never tackled the job of remodeling or even fixing up a house, you don't have any idea what needs to be done and what should NOT be done. Let me tell you from experience, you will be tempted to spend far more than necessary if you want the perfect house to sell. I know, because my wife is always suggesting what we need to do to our houses. Sometimes she is right, but often she wants to dress up a house with items that do not bring return on investment. It's a very thin line of distinction. You need a model for your fix-up project to establish a working formula. Let's face it. You can spend a bank full of money in fixing up a cheap little house. And it's easy to over-spend with money you will never get back. But, on the other hand, if you don't spend the right money on the right things, no one will buy your house. The margin of difference is close. 4.You have got to put on the hat of salesman when you get into this real estate investing business. Your remodeled house will not sell itself. You have to polish to a spit-shine, and make the finished appearance of your house come off as the most desirable house in the neighborhood. Don't fix up a cheap little house if you are unwilling to show it and sell it. You will lose a big chunk of your profit if you have to list it with a real estate agent. It's O.K. to sell your makeover house through a real estate agent if you feel deficient as a salesman. But it is important to see your house AS a salesman in order to do your best job. The key to success in real estate investing is in knowing what you are doing when you sell. 5.Real estate investing is a business. Real estate investing is not a hobby and it's not a game. It is, however, a slam-dunk, dead-serious, rock-solid way of making money when you learn the ropes. And it just may be the easiest way you have ever earned a living. But you have to know what you're doing. You can make money investing in real estate,but you must learn how to do it right. http://CashinHouses.com/ Phil Speer, Ph.D., started his real estate investing career 25 years ago. Without the availability of credit and using only a $10 bill, he purchased $1 million in properties in his first year, and had accumulated $10 million in properties by his fourth year. He was featured in a Wall St.Journal editorial as most successful investor in the Nothing Down Real Estate Movement, and was honored with a Caribbean cruise as top investor of the year. In his hometown of Nashville, Tennessee, he has been a businessman and Human Resources Consultant for 30 years. He is an author, speaker and seminar director. To learn how to profit in real estate investing, even without cash or credit, read his report http://CashinHouses.com/ Subscription is free to his Fix-up Ezine. He and other contributing authors provide free articles and resources on real estate investing at his online "Academy of Advanced Real Estate Investing Techniques" - http://AAREIT.com/
MORE RESOURCES: Finance Guru Dave Ramsey Built This Lavish Tennessee Estate—Now It's Back on the Market for $15 Million Realtor.com CoStar sues Zillow over photos, claims ‘systematic infringement’ Real Estate News by RealEstateNews.com Blackstone Executive Wesley LePatner Died in NYC Shooting Business Insider Slain Blackstone executive was a real estate powerhouse Crain's New York Business Real estate: Home prices climb in Martin, Indian River counties; fall in St. Lucie County Treasure Coast News Real Estate Investment Trusts Score Legislative Wins Forvis Mazars US Seattle-area real estate startup Flyhomes raises $15M as it pivots to 'Buy Before You Sell' model GeekWire After 30 years, Linda A. Gary Real Estate moves office from prominent Worth Avenue corner Palm Beach Daily News Brokerage Growth Dominated by New Models Mike DelPrete - Real Estate Tech Strategist Central Pa. real estate company expands to Georgia Central Penn Business Journal New bill aims for stricter penalties against real estate brokers who violate housing discrimination laws The Bay State Banner Fed resists pressure to lower rates at July meeting Real Estate News by RealEstateNews.com The market is changing — and the industry's old rules are outdated Real Estate News by RealEstateNews.com SRS Real Estate Partners Arranges $7.5 Million Ground Lease Sale of Wawa in Jackson Township, NJ citybiz Real estate: Condo prices rise in Indian River County; fall in Martin, St. Lucie counties Treasure Coast News Big Moves in Tucson: KMS Realty Merges with United Real Estate Specialists to Expand Services and Reach Morningstar Atlanta real estate mogul, former Hawks owner Tom Cousins dies at 93 Atlanta News First AI that replaces ‘human hires’; another brokerage deal for Canva Real Estate News by RealEstateNews.com I-78/I-81 Corridor commercial real estate activity picking up Lehigh Valley Business Mortgage Rates Today: The States Offering Lowest Rates – July 30, 2025 Norada Real Estate Investments CREFC Sentiment Index Surges in Q2 2025, Signaling Rebound in CRE Market Optimism Boston Real Estate Times Jersey County property sales recorded July 21-25 Alton Telegraph NAR Pending Home Sales Report Shows 0.8% Decrease in June National Association of REALTORS® Aperture Global Real Estate Announces Partnership With Rechat to Power the Next Era of Luxury Real Estate Business Wire 10 metro Detroit suburbs where homebuyers can still find a deal Detroit Free Press Troy Furbay has been appointed Managing Director, Hospitality at Crescent Real Estate LLC Hospitality Net Mortgage Rates Predictions for the Next 90 Days: August to October 2025 Norada Real Estate Investments Real estate giant Blackstone caught in crossfire after top executive Wesley LePatner killed in NYC shootin The Economic Times Richland County property transfers recorded July 21-24 Mansfield News Journal Delaware June home sales stronger than national numbers; median sold price at record high The News Journal US industrial real estate investor Terreno sells $82m portfolio IPE Real Assets Pacific Development and PGIM Real Estate Land $97 Million Construction Loan for Landmark Mixed-Housing Project in Santa Rosa Yahoo Finance ‘Walking beside him’: Daughter continues stepfather’s real estate dream Mountain Home Observer Top residential real estate sales for July 14-18 in Longboat, Lido, St. Armands, Bird Key Your Observer Judge sides with LGBTQ+ Alliance in battle with ex-CEO Real Estate News by RealEstateNews.com Double digit price increases for Putnam real estate Mid Hudson News Remote Bookkeeping Services from IBN Technologies improves U.S. Real Estate Firms Financial Oversight Barchart.com News | Bank of Canada decision to hold overnight rate steady keeps real estate industry waiting CoStar Real Estate Expert Jody Wainio of Buyers Choice Realty Shares Advice on Mortgage Pre-Approvals in HelloNation GlobeNewswire Professional Services Automation Simplifies Real Estate Workflows with Help from IBN Technologies openPR.com The real estate market: 5 key themes to watch this week Real Estate News by RealEstateNews.com Universities leverage their real estate amid financial shortfalls and demographic cliff The Business Journals Pacific Development and PGIM Real Estate Land $97 Million Construction Loan for Landmark Mixed-Housing Project in Santa Rosa Business Wire News | UK commercial real estate investment slips slightly to £10 billion in second quarter - CoStar Christie’s Debuts Crypto Real Estate Division The New York Times A Market in Motion: Rethinking Real Estate Horizons in Turkey Modern Diplomacy Real Estate Attorney Michael Fralin Urges Professionals to Reclaim Focus and Rethink Career Growth openPR.com |
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