Real Estate Investment Tips - Information and Advice

"Property investment tips and getting the lowest mortgage rates."

Seven Tips for Success as a Real Estate Investor

1. Remember: This is a numbers game! If just 15 people say "yes" to buying one of your real estate investments each year, you will get rich. Keeping the numbers in mind will help sustain your energy when times get tough.

2. House or Home: What you call it can make a difference. Whenever you are talking to a seller about his or her home, refer to it as a "house" or "property" to help create emotional distance. However, when you are presenting that property to a potential buyer, refer to it as a "home" to help establish an emotional bond.

3. Remember: "Current" doesn't mean "paid." On a property where the taxes are not escrowed, always make sure the taxes are paid, and not simply current. The difference can save or cost you $10,000 or more.

4. Become an avid tourist of new subdivisions. Take the time to get out on a regular basis for tours of new subdivisions. You'll get lots of decorating tips, while getting to know the competition for your buyers.

5. Stand out when bidding on Real Estate Owned (REO) properties. To distinguish yourself from the pack, dare to offer a fifteen-day closing date.

6. Keep an eye out for foreclosures. People will always forfeit their homes to job loss, divorce, and death-even in an area where the real estate market is red hot.

7. eBay and real estate. Learn how to hold auctions on eBay for the down payment on your properties.

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Investment Property - Related Pages

Rehab Homes For Profit - Buy a fixer-upper - How to rehab homes for profit the easy way - Look for the right house to rehab and contract out the repairs.

Income Property As First Home - Advice about buying investment property as your first home - How-to instructions and advice on getting started with income-producing real estate.

Down Payment Leverage - How to leverage your down payment - Buy a larger home where your equity grows faster and avoid PMI using a two loan strategy.

Nothing Down Real Estate - Flipping houses is not illegal - Make money in real estate by using nothing down strategies or 100% financing with no PMI.

Online Mortgage Lenders - Tips on evaluating online mortgage lenders and their loan offerings, rates and terms - Mortgage advice on refinancing or tapping home equity line of credit.

Passive Real Estate Investments - Overview of passive real estate investments - How to free up your time by investing in real estate limited partnerships - Triple net lease investment property.
 

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