How Much Do I Pay for a Deal?

If I had a nickel for every time I get asked this question… well, you get the idea. The real question isn’t “How much do I pay for a deal?” Rather, it should be “What’s the most I can pay and still make a comfortable profit?” I’m sure you, like me, are always willing to pay less, so the real key is knowing your “walk-away-and-look-at-the-next-deal” point. Bid any more, and the potential profit is no longer enough to keep your interest. We’ll call this your Maximum Bid Price, and heck, let’s go … [Read more...]

Real Estate Investing Secrets – Tips from the Pros

Have you ever wondered why some people seem to be successful at whatever they do while others fail? It all comes down to knowing what really works and what does not. Every industry has “best practices” that companies use to ensure success. Real Estate investing is an industry that has its own best practices or “secrets”. This knowledge can make the critical difference between success and failure in your real estate investment transactions. These top ten are the ones every investor will want to … [Read more...]

Three Things That are Important

Three Things That are Important To be successful at real estate investing, you need to know the top three things that are important. While location is important in some cases, the best investment deals may not be located in prime real estate locations. A good reputation will go a long way in the real estate market. Businesses with a good reputation have more clients, receive more feedback that is positive and are trusted by the communities in which they operate. Creative financing options … [Read more...]

Choosing a Mentor

Real estate investing requires good navigational skills. Choosing a mentor to provide insight into the many complex processes can save not only time but money. Small mistakes in the real estate investing can cost thousands. A mentor can help guide you through the myriad of contracts, closings and marketing. Choosing a Mentor Finding a mentor is something that should be taken seriously. A good mentor will be an active, successful real estate investor with many successful deals. Choose a … [Read more...]

Getting Started Questions

Many people interested in real estate investing have getting started questions. Real estate investing is commonly thought of as a reliable way to earn money and many people are very interested in learning how to invest. While it is true that real estate investing is a great way to acquire wealth, you will still need to answer several questions before you start. Articles about getting started in real estate investing are often confusing or vague to the average reader. While it is possible to … [Read more...]