The ABC’s of Real Estate Investing

We have spent a lot of time discussing how to be a successful Real Estate Investor in today’s Real Estate Market. Today I want to simplify it a little. Using just the ABC’s of Real Estate Investing so three basic steps and you are on your way to becoming a successful Investor.

A. Action: This again is a vital step to becoming a successful Real Estate Investor. Action equals work, you must begin your research and define in detail your Property Criteria so you can make a well informed decision on which properties to invest in. With the guidance of an experienced Real Estate Agent that has worked with Real Estate Investors this task can be streamlined. Be sure you know what you are getting into and most importantly have a well defined Exit Strategy.

B. Buy: There are a lot of wannabes in Real Estate Investing, they do the work, do the research, tour potential properties and then think about it, never actually buying the first property. This can leave both them and the Professional Real Estate Agent that enjoys watching the success of their clients with a feeling of non action. The worst part of this is the Real Estate Agent is also checking the feasibility of the property based on your criteria. So if this is a contender for the required Return on Investment, he/she will be presenting this property to other investors causing you to lose out on a possible Great Deal.

C. Consistency: Being a Real Estate Investor is not a start and stop proposition. Even if you have a great Investment Property under contract don’t make the mistake of stopping your research into other properties. If you have followed the plan and your Real Estate Agent has included the proper contingencies in your contract, you are still in a position to continue looking at qualified properties. If you take your Real Estate Investing seriously and treat it like a job your chance of success grows exponentially. Being consistent in both your search and research will propel you to the top of the Real Estate Investing game.  

I hope this helps in your quest to become a successful Real Estate Investor, as always if you have any questions just let us know. I wish you much success in this great opportunity. Thanks