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Property Investing Secrets 7
Property Investing Secrets: How Buying Real Estate Is Like Planning a Trip to the Greek Islands One you start property investing, one important tip is to press the flesh with the real estate agents in the areas where you plan to buy. Because property investing is a bit like buying a holiday package, you must separate yourself from the rest of the investors by giving the real estate agents the information they are looking for in your first face to face meeting. Most people will say to an agent, "I want to buy a property, what do you have?" Immediately they will lose any credibility they've established with an agent. You see, imagine walking into a travel agency and saying you want to go on a holiday, and asking "What destinations do you have available?" That's a dumb question, because the travel agent has hundreds of available holiday destinations. If you think of property investing like shopping for a holiday, you must give the agent some criteria. If you say to the travel agent, "I want to go on a holiday to the Greek Islands and I want to go on these specific dates, and here is how much I want to spend?" in turn they will put together a package for you. They know because they have received specific instructions from you. It is the same with buying any type of property. When you're property investing, if you say my price range is this, these are the kind of returns I want and give any additional criteria you have as long as you don't make it too hard for the real estate agent. (I must have a pink house that backs up to a reserve.) If you're reasonably specific but general enough that there are available properties for sale the agent will be more willing to work with you because you're not wasting their time. Don't do this: some property investors will walk into an area where the bottom price for a suburb is $400,000 and say I'm looking to purchase starting at $350,000. The agent will come right back with, "You're not going to buy here for $350,000, the entry level into our area is $400,000." The agent knows you haven't done you're homework. If you make it too hard for them the agent will discount you and perhaps chose not to work with you. If you think of property investing like planning trip and give the real estate agent enough specific information to set yourself apart from the other buyers, you both will be well on your way to establishing a fruitful relationship. Rick Otton is the director of We Buy Houses Pty Ltd. He has been property investing full time for 14 years. Rick has completed over 351 property transactions in Australia and the United States. Rick specialises in creating positive cash flow through a variety of strategies he perfected in the United States and adapted to Australian conditions. He sells home study courses on vendor finance, one year mentoring program as well as a yearly 3 day boot camp on the Gold Coast. Go to http://www.rickotton.com for more property investing information ring 1800 003 588 in Australia.
MORE RESOURCES: Sellers are flooding the home market while buyers sit on their hands in these US cities — creating a historic imbalance New York Post The housing market is finally buyer-friendly. Here’s where sellers are cutting prices. - MarketWatch Real Estate Transactions, June 16 edition Hopkinton Independent Real estate transactions sungazette.com Erie County real estate transactions Buffalo News Trump Just Disclosed He Received Millions Of Dollars From This Saudi Real Estate Developer Last Year Forbes Selig loses control of 9 more assets, including company's headquarters tower - The Business Journals Selig loses control of 9 more assets, including company's headquarters tower The Business Journals Real estate transfers in Adams County from June 2-6, 2025 Muddy River News Eastern CT Association of Realtors holds event at Norwich Inn & Spa to honor their own Norwich Bulletin Richland County property transfers recorded June 9-13 Mansfield News Journal Real estate broker’s take on Denton housing market: Price cures all defects Denton Record-Chronicle Real Estate Transactions | June 2-6, 2025 Republic-Times U.S. Commercial Real Estate Market Turns a Corner Amid Rising AI Momentum and Shifting Demand Patterns Boston Real Estate Times 34th annual Real Estate Center Dinner spotlights students, program supporters University of Cincinnati eXp Realty Honored by National Association of Hispanic Real Estate Professionals Direct Selling News Real Estate Sold: June 18, 2025 Lebanon Local Compass sued over unsolicited calls, texts Real Estate News by RealEstateNews.com Jamestown property on Bayview Drive sold for $2.3 million tops latest Newport County sales Newport Daily News Conversational marketing is the new pipeline: How AI is redefining intent in real estate HousingWire The Boulos Company Brokers Sale of Fully Leased Commercial Property in North Hampton, NH Boston Real Estate Times House on Georgetta Drive sells for $1,925,000 East Bay Times Kayne Anderson Real Estate closes opportunistic debt fund at nearly $1.7bn Alternatives Watch Katelyn Klingler Leveque & Kiamesha-Sylvia G. Colom: What real estate brokers should know from the 2025 Legislature The Indiana Lawyer CIBS-LI launches “Square Feet” real estate podcast Long Island Business News Keller Williams slapped with another telemarketing lawsuit Real Estate News by RealEstateNews.com Real Estate Roundtable: Brandon Craft Baton Rouge Business Report REAL ESTATE BRIEFS: Oakbend community under development in Wellen Park Sarasota Herald-Tribune Real Estate Roundtable: Jackelyn Gallo Baton Rouge Business Report Hamptons Real Estate Market Data – Week of 6/10/2025 Hamptons.com CEO of commercial real estate firm Boerke to step down this month BizTimes - Milwaukee Business News Announcing the Business Journal's Best Real Estate Projects for 2025 The Business Journals REAL ESTATE | Open House events at Cedar Creek Townhomes in Jackson, WI | By Jo Sadownikow Washington County Insider Bay CIty, OR 3BRD Decker Real Estate MLS 25-291 Tillamook Headlight-Herald Refined Real Estate: Unique A-frame in Issaquah lists for $1.89M Seattle Refined Globalworth Real Estate Investments (LON:GWI) Shares Pass Below 200 Day Moving Average - Here's Why MarketBeat Walker joins real estate firm Prologis's investment unit - Global Venturing NAHREP names Illinois’ top Latino real estate agents by transactions Chicago Agent Magazine 290-Unit Bria Celebrates Grand Opening of The Beck in Haverhill Boston Real Estate Times Central Mass. real estate transfers for Sunday, June 15 Worcester Telegram State legislature approves tax incentives to boost businesses, jobs and commercial real estate Brooklyn Eagle Blueprint: Brookfield’s next real estate chief, Ares and PIMCO raise billions for data centers and more Private Equity Real Estate | PERE I wrote about millennials’ real estate woes. Then I felt the wrath of Gen X. Business Insider Nederland 2025 Epique PowerCON Accelerates the Future of Real Estate The National Law Review June 6-12 Gulfport Real Estate Sales The Gabber Newspaper E-Leon: Prioritizing Mental Health in Real Estate Arizona Digital Free Press Italy Real Estate Market Set to Surge to USD 11.3 Trillion by 2033 at a CAGR of 1.1% | IMARC Group openPR.com Real Estate Roundtable: Becky Walker Baton Rouge Business Report Nemmers Realty Bellevue Herald Leader Saudi Arabia Real Estate Market Set to Surge to USD 132.65 Billion by 2033 at a 7.0% CAGR openPR.com Greater China property, finance firms face rising distress: AlixPartners South China Morning Post MLB star turned real estate developer Alex Guerrero asks $75M for a Miami spec mansion — with an 18-car garage New York Post Radio Real Estate 6/14/25 My Bellingham Now See how much real estate prices have changed in Napa last week The Press Democrat Real Estate in the Modern Era: Investing Beyond Bricks and Mortar Muddy River News Vendor & Real Estate Partners Dollar Tree Lawrence mayor on taxes: ‘We need more people to share the burden,’ he tells local real estate leaders Lawrence Journal-World Pinellas Beaches Real Estate June 10-16 The Gabber Newspaper |
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