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Real Estate Information |
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Ten Steps for Becoming a Successful Real Estate Investor
The secret to success in real estate investment is finding bargain properties that you can "flip" quickly for a profit. Here are a few ideas for becoming a successful investor: 1) Obtain sound advice from investors who are already successful. Friends and realtors can refer you to folks who have proven investment track records. 2) Define your investment goals. Do you want to buy a home to live in, to fix and sell, or to hold for your future? 3) Read real estate investing books and articles, attend workshops and seminars, while AVOIDING out-of-date infomercials. 4) Choose a lender with great service, a good closing record, and fair costs, and get preapproved for financing. 5) Define your target locations, and become an expert. Study real estate newspaper sections, pick up sale flyers, and note sales prices in your target area. 6) Interview real estate agents and learn from them, but don't sign any agreements that will limit your search for bargain properties. You're looking for agents who know your target market thoroughly and will work hard to find properties for you. 7) Find a good escrow officer and use them for every transaction. They'll know your needs and will quickly learn how to expedite your transactions. 8) Study home remodeling techniques by reading design magazines and books. Learn the cost of materials, supplies, and building trades by visiting home improvement warehouses and talking with remodeling professionals. 9) Make many offers on properties, including bidding on HUD repos, asking for great terms and concessions from sellers. The more offers you make, the greater your chance of success. 10) Always have your transformation in mind. Have a plan for what will turn a doghouse into a dollhouse. It will speed turnaround time and save you money on mortgage payments. Copyright. 2004. Jeanette Fisher. All Rights Reserved. Professor Jeanette Fisher, author of Doghouse to Dollhouse for Dollars, Joy to the Home, and other books teaches Real Estate Investing and Design Psychology. For more articles, tips, reports, newsletters, and sales flyer template, see http://www.doghousetodollhousefordollars.com/pages/5/index.htm
MORE RESOURCES: Real estate transactions — April 10-16 SteamboatToday.com Real estate is facing the worst fair housing crisis since the ‘60s Real Estate News by RealEstateNews.com Real Estate Transfers ~ April 3, 2025 The Bedford Citizen Norwalk's 2024 grand list drops to $16.2B, led by $1.3B decline in real estate values - Norwalk Hour Prince Harry and Meghan Markle Have Made Some WILD Real Estate Moves in the Past 8 Years House Beautiful Former executive sues Pat Connaughton's real estate company Milwaukee Journal Sentinel Real Estate Investing: 5 Ways to Get Started NerdWallet Real Estate Market Report (Feb./March) highlandscurrent.org The Michael Houck Real Estate Guide for April 20 Oil City News Agent Spotlight: Jim Smyth The Grand Junction Daily Sentinel How the Pandemic Changed New York City Real Estate Behind The Hedges Beyond the Boardroom: LIVE Real Estate Group's Dionne Clifton The News-Gazette Many first-time homebuyers are pushing 40 as millennials wait in vain for a better market - NBC News Mandatory NAR membership facing a new legal challenge Real Estate News by RealEstateNews.com Brokerage Beat: News from Compass, eXp, The Agency, more Real Estate News by RealEstateNews.com Accused Houston real estate fraudster connected to dozens of stolen properties caught attempting new deed filing Click2Houston Zillow just started an all-out war over real estate listings Business Insider Houston real estate lawsuit: Harris County suing couple in forgery case and theft of 35 properties ABC13 Houston Real estate options slim for Grove City dispensaries The Columbus Dispatch The Hollywood Reporter Celebrates the Big Apple’s Top Real Estate Agents at New York Power Broker Awards The Hollywood Reporter Portland homebuyers rush into combative spring market OregonLive.com Tucson, Ariz.: Western Skies and Competitive Home Prices The New York Times See how much real estate prices have changed in Petaluma last week The Press Democrat Who’s Buying What in the Big Apple? Ask NYC’s Top Realtors The Hollywood Reporter Real estate sales in Peoria, Tazewell and Woodford counties for April 19, 2025 - Peoria Journal Star Real estate sales in Peoria, Tazewell and Woodford counties for April 19, 2025 Peoria Journal Star Trump Official Scrutinizes N.Y.’s Attorney General Over Real Estate The New York Times Housing Market Crash Alert? Zillow Turns Negative on Home Prices Norada Real Estate Investments Sandwich house on market in 'awesome location' for $680,000 Cape Cod Times Trump’s latest crypto venture will be a video game, and sources say it will be like Monopoly Fortune Q1 Estin Report for Aspen Snowmass real estate shows growth AspenTimes.com Dodge County Real Estate Transfers Fremont Tribune Page C13 Post and Courier Page C10 Post and Courier News | Real estate pros look for signs of federal offices heading to suburbs under new directive CoStar Real estate Sales include business buildings in Westfield, Jamestown observertoday.com Phoenix land on Camelback Mountain with Frank Lloyd Wright-inspired home for sale for $30M The Arizona Republic House of Week: With its indoor heated pool, this Marcellus property is ‘like a vacation’ Syracuse.com $20M Coldwell Banker real estate calls class action settlement Class Action Lawsuits Real Estate Notes: Rutledge Hill hotel to open July 1 Nashville Post Historic flooding locally impacts commercial real estate market The News-Enterprise MLS that quit enforcing Clear Cooperation gets back on board Real Estate News by RealEstateNews.com Main Line home with 3 golf holes on former Penshurt Estate asks $2.3M The Business Journals Battle Of The Listing Sites. Zillow Bans Pocket Listings, While Homes.com Welcomes Them Yahoo Finance Post-hurricane real estate market hard to pin down Your Observer Westmoreland County Real Estate Transfers The Latrobe Bulletin Stafford County supervisors vote to increase real-estate tax rate by 3 cents Fredericksburg Free Press Berkshire County Real Estate Transactions for March 31-April 4 The Berkshire Eagle Buc-ee's travel center may mean more residential, commercial development in St. Lucie County Treasure Coast News The Mountain city where thousands are selling their million-dollar homes amid 'cloud of uncertainty' Daily Mail How Eliminating Property Taxes Could Impact Florida Homeowners U.S. News Real Estate Kohl’s real estate head joins CBRE’s retail group Chain Store Age Check out the number of homes sold, listed for sale in March across Flower Mound, Highland Village, Argyle Community Impact CoStar CEO takes on Zillow in letter to agents Real Estate News by RealEstateNews.com Real estate news: 2-tower office campus in Newport Beach sells at a loss for $33M Orange County Register Housing Market Predictions for 2025 Ramsey Solutions $2.1 Million Homes in Muskoka, Ontario The New York Times News of public record: Muskingum County real estate transfers Zanesville Times Recorder Mr. Zuckerberg Goes to Washington and Buys a Mansion The New York Times Blackstone warns tariffs ‘may slow’ CRE deals The Real Deal Department of Taxation and Finance dos.ny.gov Imran Chaudhary, leading the real estate project in East Plano, says his planned Islamic Center is misrepresented by politicians IslanderNews.com How can San Francisco fix downtown? 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