3 Keys to Being a Good Real Estate Investor

Posted: Dec 04, 2010 |Comments: 0 |

The Real Estate Business seems to be a very lucrative business that requires too much skills and loads of information. Although there is a need for different skills to be used on different transactions, there are three basic keys needed to be a good Real Estate Investor.

Locating Skills

Getting a good deal would mean knowing the cheapest buys with good or viable quality. Knowing different areas and knowing where most deals can be made with whom is important in being a successful real estate investor. Putting yourself in the shoes of the buyer would help in finding the best locations. If you were to live in that location, how accessible will it be for you? What do you think of the neighbourhood? Locating the property does not only stop there as it should also cater to the needs of buyers. It should also be easier for investors to rebuild the property and have it sold in a higher price.

Good Negotiator and Networker

See if you can negotiate on the price quoted to you. More often than not, after showing interest in the property, sellers would be more willing to provide a lower price to bag the sale. There are also sellers who would have a high price on the initial bid to maximize their profit or in this case, cushion the haggling. Getting into the business requires good persuasion skills that does not harass. Eventually selling the property in good condition will then gain the trust of investors or builders who would seek your help again in the future. This will then help you build your network to help you sell your properties faster.

Fine Grasp of Finances

Locating the property and bagging a sale is not enough. When you already have the cash, the ability to make it grow further comes into play. Making the most of your finances is a gauge of how business-savvy you really are. Even if you get a lot of properties negotiated even in a small period of time if all your cash is not used further into improving and growing your business, all your hard work will be put to waste. Wise management of finances should be put to play. Choose which properties can be further enhanced. You may also expand into different branches of Real Estate Investing, such as wholesaling or reconstruction.

There are a lot of possibilities that can be made of and taken advantage of once you have placed your money in the right places. Beyond the financial rewards that you can get from Real Estate Investing, you also have the freedom to flex your time depending on your lifestyle. Because it is a rewarding job, this will encourage you further into doing better. This can greatly propel you further into your goals and get the lifestyle and financial freedom that you have always wanted. This cycle continues until you can hire people to help you with your business and provide financial freedom for others as well. For more information on real estate investing go to http://www.annettapowellblog.com

Wishing you much success,

Annetta Powell

Queen of Real Estate

Questions and Answers

Ask
200 Characters left
Rate this Article
  • 1
  • 2
  • 3
  • 4
  • 5
  • 0 vote(s)
    Feedback
    Print
    Re-Publish
    Source:  http://www.articlesbase.com/business-ideas-articles/3-keys-to-being-a-good-real-estate-investor-3784258.html

    Article Tags:

    real estate investing

    ,

    flipping properties

    ,

    landlord

    ,

    flipping

    ,

    real estate mastermind

    ,

    real estate seminars

    ,

    annetta powell

    ,

    rental properties

    ,

    rental income

    ,

    foreclosures

    ,

    flip that house

    ,

    real estate investing training

    One of the best ways to ensure that your unit is always occupied although in a low budget is by having Section 8 Tenants. If your unit has been lying around for a while and has not had a tenant, you may opt to have your apartment or house listed into the Section 8 listing.

    By: Annetta Powelll Business> Business Ideasl Dec 28, 2010

    Being one of the biggest money making ideas, owing rental property is a great financial investment. Having rental property at appropriate location gives you the power to getting the cash rolling into your hands.

    By: Annetta Powelll Business> Business Ideasl Nov 18, 2010

    Becoming a Landlord definitely has its advantages and disadvantages. With any business, there is an upside and a down side. If you are considering the real estate business and becoming a landlord, here are a few things to think about.

    By: Annetta Powelll Business> Home Businessl Sep 27, 2010

    Why Invest in Real Estate is one of the most popular questions you'll hear in the news today. As we have experienced an extreme downturn in our economy, many homeowners have been forced into foreclosure. The job loss rate has skyrocketed and many are trying to make it off of unemployment alone. This is scary to most Americans who are on the brink of financial destruction. Most people don't believe that there is a way out of this crisis but there is.

    By: Annetta Powelll Business> Business Opportunitiesl Nov 10, 2010

    Property Leasing is a business like any other. There are taxes to be paid, maintenance costs and other expenses that should be dealt with. However, apart from the property, dealing with the tenants is also another of the responsibilities of being a landlord. Not that they should be continuously pampered, as they would appreciate having their privacy even if they are in your property. Foster long-lasting relationships with them to ensure that your property generates a stable flow of income for yo

    By: Annetta Powelll Business> Business Ideasl Dec 02, 2010

    There are perks in becoming a landlord and getting yourself into the property renting business. If you have a property that you want to sell, consider having it leased instead. Maximizing the revenue potential of your property is not only limited to selling it at a high price. As a matter of fact, having it for lease gives you the leverage of retaining your property while benefiting from it.

    By: Annetta Powelll Business> Business Ideasl Dec 23, 2010

    financial crisis has conned everyone's live. Mass layoffs were happening in everywhere which is very sad. Throughout the crisis era not really a couple of companies go under. This will make the company managers searching for the best and accurate online marketing strategy to enhance the productivity and efficiency of the organization. The best online marketing strategy is really a way to succeed.

    By: chloe25l Business> Business Ideasl May 31, 2012

    Business needs customers to make profit and survive. It's as simple as that. Without doing any marketing no-one knows you exist and you're not going to get too far. So, if you're in serious business, you have to get your message out.

    By: Sami Brownl Business> Business Ideasl May 30, 2012

    Is your company on the lookout for a plush new office in London? If so there is plenty of different choice as regard areas and plenty of choice when it comes to office space, Lloyd's area of London being a prime example of what is on offer.

    By: Toml Business> Business Ideasl May 28, 2012

    The Digital governors are designed not just to take control of the speed of the machine but it also allowed the machine to be smarter, allowing automation and improved functionality for the engine. By implementing these governors, the system became more stabilized and reliable, and there is no more need to add diesel generators that consume precious fuel and is expensive to maintain

    By: lselectricl Business> Business Ideasl May 28, 2012

    If you're heading to Australia for business, you'll discover a world-class destination that's at the cutting edge of many industries. Australia is also ideally located for business opportunities in Asia, and it has a sturdy economy, exceptional facilities, good communication services and strong institutions.Here's just a brief introduction to the essentials for business travellers.

    By: Gerlie Reyesl Business> Business Ideasl May 28, 2012

    The fact that your viewing habits affect your search results is one of the problems with tracking your progress. Google thinks that your site is valuable to you upon constant clicks or visits that you do and therefore automatically ranks your page higher.

    By: Annetta Powelll Internet> Internet Marketingl May 02, 2012

    Changing Your Title Tag You would notice that your title tag is found at the top of your browser so it is really a must that this contains your primary keywords. But how do you change your title tag.

    By: Annetta Powelll Internet> SEOl Apr 18, 2012

    Your past attempts for keyword research might have left you frustrated and deprived of the chance to rank high on searches. Most of the Google tools available work best for people who spend huge sums of money in daily advertising. In fact, utilizing Google's keyword tool can bring you a lot of "not enough" results. Getting calls twice or thrice a day might seem valuable to your client but not to Google having millions of searches daily.

    By: Annetta Powelll Internet> SEOl Apr 11, 2012

    Buyer keywords are those keywords that people use to search and buy or in other words, Buyer Keywords are those killer keywords that create sales.

    By: Annetta Powelll Internet> SMOl Mar 30, 2012

    Facebook, being one of the most utilized social networking sites, is not only suitable for finding your long lost friends or relatives but also for promoting your business. With Facebook local business pages, you get to interact with other businesses within your area and share or market your expertise among each other. Facebook local business pages allow you to effectively communicate with other existing local businesses. But how do you do that?

    By: Annetta Powelll Internet> SMOl Mar 28, 2012

    Discuss this Article

    Author Box
    Articles Categories
    All Categories
    Quantcast