Tips to Buy Real Estate Successfully

by Jan 20, 2020Blog0 comments

Real estate investing doesn’t come with a map, and the road to riches is often winding. That being said, there are things you can do to put yourself on the right path and ensure your best chances for success. Listening to RealSuccess real estate professionals and successful investors is a great place to start.

To get you in the mindset of the pros, we gathered 16 essential real estate investing tips from people who can speak from experience. Whether you’re new to real estate investing or going on your third income property, this article is filled with great nuggets of advice and interesting perspectives. Dive in.

  1. Do not overanalyze.
    You may lose a lot of great opportunities to make a great deal of money. Start making offers! If you are a RealSuccess student, even though you might have all the tools to succeed, don’t hesitate to call us, we are here for you.
  2. Get the property under a contract first with a safety clause.
  3. Ask fellow investors at RealSuccess, real estate broker about the property value. If it makes sense to go ahead with the purchase.
  4. If you are buying for a quick flip, neighborhoods do not matter. What matters is the $$$ you are going to make.
  5. Your perfect buy should be a house/condo/building in excellent condition and in a good neighborhood.
  6. Your Second choice should be a cosmetic fixer in a good neighborhood.
  7. Inspect the property.
    Try to get as many things fixed by the seller as possible. Check the neighborhood. Drive around the block. Look at the homes in the neighborhood, What are their conditions? Look at the cars parked in the street. Old cars normally can tell you a lot about the neighborhood. Trash on the sidewalks can spell less than a great neighborhood. Which in turn means you should buy and sell quickly (most of the time). Renting in that neighborhood could be challenging, especially for the new investor.
  8. Use a real estate agent or broker.
    My first great deal was found by a broker. Try to get access to the MLS so you can look for deals yourself.
  9. Shop around for Financing
    My experiences with loan officers tell me one thing. Email them your questions and ask them to email you back their answers or put them on paper. They tend to always change terms and rates (though illegal) and put junk charges. We have multiple programs and great loans to help you achieve your goals.s.
  10. Try to reduce your Title/Escrow charges review them with an experienced investor or real estate agent.
  11. Use a real estate attorney for your foreclosure/pre-foreclosure purchases.
  12. Find a coach that can steer you to a safe port.
  13. Make connections with other fellow real estate investors.
    You can learn a great deal from fellow investors first hand. One piece of advice alone could be worth thousands for you. So if you like challenges and lifetime learning Real Estate Investing is a great field to work and have fun.
  14. Advertise yourself.
    Get business cards to hand out to interested people, place ads in the newspaper, and use whatever other means of advertising you can think of.
  15. Do not be afraid to buy real estate.
  • Fear and lack of knowledge are the number one factor for failure. This article can be published by anyone as long as the reference box remains intact and all links are kept live.

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