Tips to Start your Beginner
Real Estate Investing Career
Wanna get started in real estate investing but don't know where to begin? As a beginner real estate investing student, it is essential to master the basics if you wanna succeed in the real estate arena.
In the past, not many resources are available for investors to learn. Instead they make huge mistakes, fail, and fail before hitting the big one. There really is a lot of learning curve back then.
But now, with the vast resources of books, courses, tape sets, and even the internet, anyone can start investing and become successful like the pros, eventually achieving the dream that most people want to...financial freedom.
In fact, if you want to succeed like other real estate investor does, all you need now is persistence and never give up once you started. The tools(books, tapes, courses) will take care of the rest.
If you are a beginner real estate investing person or someone who lacks basics real estate investing skills, then these tips will help you get off your seat and get starting.
1. Read Books about Investing in Property
Books are among the main sources of knowledge and wisdom from the ones who have excelled in real estate. Years and years of experiences combined in a single book where everyone can learn and profit from it.
For starters and beginner real estate investing enthusiasts, they can read general property investment books.
Try and get a feel of what real estate investing is all about, why invest in property is good, and the advantages that this investment vehicle offers. See whether you're interested or it's just not your cup of tea.
Anyway, get a book and start reading.
2. Attend courses and Seminars to expand your Knowledge
Today, there are hundreds, or even thousands of mentors that are willing to share their methods, techniques, and strategies with you in return for a fee, of course.
By attending seminars and courses, your doubts, perceptions and those little questions in your head will be answered clearly.
You can find them in local newspapers, advertisements, local property investment magazines, and radio as well.
Some of you might think that attending to these courses is expensive and not worth the money. Well, think again...
What's the price of a course or a seminar means to you if you knew you had learn all the skills and most importantly, apply them and eventually succeed?
Remember those speakers are the ones who are making money from the same techniques that you paid to get your hands on it.
In other words, the knowledge gained is priceless.
3. Have a Mentor with You
Always believe that "When the Student is Ready, the Teacher will Appear".
Get a mentor or guru to help you whether you're just starting, finding deals and other aspects of investing in real estate.
They have gone through the same road as you and they certainly know the do's and don't's in making important investment decisions.
Mentors can be an experienced property investor, your seminar guru, a fellow investor you meet when buying properties, by joining forums on the internet, or even a book you've always refer to.
But its best to have someone beside you giving real estate investing advices everytime you are in doubt into making an important decision.
4. Join Local Real Estate Associations
This place is jam-packed full with fellow investors ranging from novices to seasoned pros. You get to meet a lot of like-minded persons sharing you tips, ideas, and even some deals with you.
Try to make friends with them while exchanging ideas so your knowledge level increases.
As a beginner real estate investing student, this is a place to actually invest your time often.
5. Practice Makes Perfect
Stop talking and start doing....
Yup, you can start practicing your basics real estate investing skill by looking at the papers in the property section. Or even the internet. Try to phone every number you have on that list and see what kind of offers they have.
You can also walk around the area you live and take notice of houses for sale signs.
Since real estate is a numbers game, you have to deal with numbers all the time.
But don't worry. Once you get a hang of it(by practising), it'll be second nature to you.
Speaking of practicing, when you're ready to start.....
6. Start Small
Every human being makes mistakes. The same is true for real estate, especially for beginner real estate investing persons. So begin by starting small, making mistakes, and learn.
Look for small deals, learn, and then proceed to the bigger ones.
7. Make a plan
Every business has a plan. And real estate is your business.
Having a plan is essential if you want to achieve your investing goals. Start by putting everything on paper.
This includes your goals, the number of properties you want to invest, and the amount of money you wish to make. Braindump every single aspect of your goals by writing it down.
You can also hire a financial planner to make a plan for you. But most important of all, stick with your plan.
Whenever you feel bad about yourself or starting to think that real estate won't work, the simple thing to do is to persist. Remember that the tools are layed in front of you. You will never walk(invest) alone.
The philosophy behind success is summarized in two words: work and persistance. So, why give up?
Bring your persistance level up higher
Return to Real Estate Mentors Homepage