Answer
May 07, 2018 - 06:49 PM
Real estate has produced more wealth than any other industry in the entire world.
However, many people still remain skeptical about entering into the market. Most people tend to think that they will need to start with a large amount of capital.
This false notion is clearly not true. There are countless stories which mention people who are now millionaires, who started in the real estate business with as little as $500.
The truth is, that there are millions of abandoned, distressed properties, foreclosures and motivated sellers across the country.
These properties are waiting to be bought and sold for a profit, but fear of the economy and other factors have people clinging to thier wallets. To me this is an opportunity missed.
Let's face it, people are always going to need a place to live. Why not dip your toes in the market and discover the possibilities.
Warren Buffett once said, "It is wise to be fearful when others are greedy and greedy when others are fearful.” take heed from one of the most wisest investors in history.
In my opinion, when people don't pay attention they miss out on huge opportunities.
Fastest way to make money in real estate:
1. Find motivated sellers
2. Be consistent. (Take action quickly to stay ahead of your competition.)
3. Be on the lookout for fresh properties. (Walk or drive local neighborhoods on the lookout for "For sale" signs and properties with potential.)
4. Be active online. (This a very valuable trait.)
5. Start a website or blog showcasing your interest in a particular city or area. (You'll be amazed at the response you get.)
6. Build relationships with real estate agents and brokers.
7. Try negotiating the closing cost. (This will give you leverage.)
8. Locate short sale properties.
9. Keep your eyes and ears open by visiting real estate auctions and scanning your local newspapers. (Yes... They still work and are a goldmine if you are diligent in your approach.)
10. Find motivated sellers. (These are normally people who have lost interest in real estate. They may have had a recent death in the family or have simply grown to old to conduct their business.
11. Network with successful real estate investors who know the business.
12. Follow up with every single lead. When your find a gem, fix it up as quickly as possible and resell it. (This is commonly referred to as flipping.)
13. Search for qualified foreclosures
14. Talk to people who live in the area that you're interested in. (They normally have a wealth of knowledge about the property you're interested in.
15. Buy low and sell high as quickly as possible. (The same as in stocks)
However, many people still remain skeptical about entering into the market. Most people tend to think that they will need to start with a large amount of capital.
This false notion is clearly not true. There are countless stories which mention people who are now millionaires, who started in the real estate business with as little as $500.
The truth is, that there are millions of abandoned, distressed properties, foreclosures and motivated sellers across the country.
These properties are waiting to be bought and sold for a profit, but fear of the economy and other factors have people clinging to thier wallets. To me this is an opportunity missed.
Let's face it, people are always going to need a place to live. Why not dip your toes in the market and discover the possibilities.
Warren Buffett once said, "It is wise to be fearful when others are greedy and greedy when others are fearful.” take heed from one of the most wisest investors in history.
In my opinion, when people don't pay attention they miss out on huge opportunities.
Fastest way to make money in real estate:
1. Find motivated sellers
2. Be consistent. (Take action quickly to stay ahead of your competition.)
3. Be on the lookout for fresh properties. (Walk or drive local neighborhoods on the lookout for "For sale" signs and properties with potential.)
4. Be active online. (This a very valuable trait.)
5. Start a website or blog showcasing your interest in a particular city or area. (You'll be amazed at the response you get.)
6. Build relationships with real estate agents and brokers.
7. Try negotiating the closing cost. (This will give you leverage.)
8. Locate short sale properties.
9. Keep your eyes and ears open by visiting real estate auctions and scanning your local newspapers. (Yes... They still work and are a goldmine if you are diligent in your approach.)
10. Find motivated sellers. (These are normally people who have lost interest in real estate. They may have had a recent death in the family or have simply grown to old to conduct their business.
11. Network with successful real estate investors who know the business.
12. Follow up with every single lead. When your find a gem, fix it up as quickly as possible and resell it. (This is commonly referred to as flipping.)
13. Search for qualified foreclosures
14. Talk to people who live in the area that you're interested in. (They normally have a wealth of knowledge about the property you're interested in.
15. Buy low and sell high as quickly as possible. (The same as in stocks)
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