ArticlesReader.com Menu

Newest Articles
Most Viewed Articles
ArticlesReader.com RSS
Submit Article
Login
Signup

Search the articles

Articles Main Categories

Advice
Animals
Automobiles
Business
Career
Communications
Computer Programming
Computers
Entertainment
Environment
Family
Fashion
Finance
Food
Health & Medical
Home & Garden
Humor
Internet Business
Internet Marketing
Legal
Leisure & Recreation
Marketing
Other
Politics
Reference & Education
Religion
Self Improvement
Sports
Technology & Science
Travel
Writing

Subscribe

Receive alert message from us when new articles submitted to our site for free.

Syndicate

Related Products

Home::Real Estate

4 Steps To Real Estate Investing Success!

Author : Hans Hasselfors

Real estate investing is always good and sometimes it's red hot. When it's hot dozens of real estate seminars begin rolling across the country and thousands of people spend thousands of dollars for investing education.

It's startling to learn that of all those thousands of eager folks who attend these seminars only about 5% buy even one investment house. Why? The real estate gurus sell the "sizzle" and make profiting from real estate sound easy. The truth is that it's simple, but not easy.

Here's a quick plan that will enable anyone to begin building financial independence.

There are basically four steps to investing in single family homes:

1. Buy homes below full market value. Yes, people really do sell homes for less than the home's full value. The key is to understand that most home owners will only consider a purchase offer that is all cash and within 5% to 10% of their asking price.

The successful investor learns to find financially distressed home owners who have no choice but to sell for less than market value. They have lost their job or been suddenly transferred; they are divorcing; they been living beyond their income; the family has been overwhelmed with medical bills and, not uncommonly these days, their money has gone to support a drug habit.

Those are examples of motivated sellers. They have to sell and they will accept something other than a conventional, all cash offer.

2. How do you find motivated sellers? You work at it! Like any business it is important to develop a little marketing plan. One that is simple, yet very effective, is the one that was proven 75 years ago by the Fuller Brush company; door to door sales.

You are selling your skill as a home buyer to people who must sell. Your are there when they need you and you have the skill to help them solve at least part of their problem. With door to door prospecting you will learn more and buy more homes quicker than any other method. However, most people just won't walk door to door for three or four hours per week. OK, there are other ways.

You can watch public notices for the announcement of foreclosure sales. Meeting with a home owner right after they've received a notice that they are about to lose their home allows you to deal with a very motivated seller. Other public notices that provide buying opportunities include probate, divorce and bankruptcy. You can follow the Homes For Sale listings in your local newspaper or Internet site.

You can telephone the names found in these notices or, and this is the least time consuming, send a postcard expressing your interest in buying their property. It will produce buying opportunities, just not as many as personal contact.

3. After you've found a motivated seller you must understand how to frame offers that provide benefits for both you and for the home owner. A good real estate investor quickly learns that this is not a business of stealing property, but of solving problems in a way that benefits the seller.

The home owner is in a tight spot of some kind and you can save them from public embarrassment and, in most cases, give them at least a little cash to get a new start.

No investor can afford to leave cash in every deal. No one but Bill Gates has that much available money. You must use creative techniques like, leases, option and taking over mortgage payments. Little or no cash is needed for those deals. You can find plenty of reasonable priced educational material on those subjects in book stores or on EBay. The same education that seminars sell for thousands of dollars.

4. You make your profit when you buy! Never make a purchase until you've carefully determined exactly how you will get to your profit. If you hold it as a long term investment will the monthly rental income more than cover the monthly mortgage payment? Will you sell the deal to another investor for fast cash? Will you do some fix-up and sell the property for full value? Will you quickly trade it for a more desirable property? Have a plan before you buy.

There you have four steps that even a part-time investor can execute in three to four hours per week. What's the missing ingredient? Your determination and perseverance. If you will unfailingly follow the plan for a few months you will be well on your way to financial independence.

Article Source: http://www.articledashboard.com

About the Author:
Hans Hasselfors is the founder of SubmitYourNewArticle.com. Find varied articles about real estate in our article directory. Please visit at: www.SubmitYourNewArticle.com

Article Submission done by: www.articles-submit.com

Courtesy of:SubmitYourNewArticle.com

Spam emails More free articles

More related feeds

Miami Real Estate - The L Steps: 6 Steps of Invest
Investors must follow six steps in order to learn, understand and achieve Miami real estate investment success. These are the six L steps to Miami real estate investing: 1. Location - Location, location, location is still the key of ...

Real Estate Blog - Real Estate Investment Mistakes
Real Estate Investment Mistakes Real estate investment is a serious business and market that requires both research and knowledge. While many people get in into the market with all of this, there are others who have decided to simply ...

Real Estate Blog - When is The Right Time to Invest in Real Estate?
When is The Right Time to Invest in Real Estate? Real estate investing is one of the hottest trends today. People from all across the nation are willing to put large sums of money into the market in hopes of reaping large benefits.

ALLREI.com Real Estate Investing Articles » Making Money in a Down ...
December 4, 2008 ... By using your head and utilizing solid real estate investing principles, you can guarantee your success and prevent the kinds of losses that have so many people too scared to seek a better future. ...

Real Estate Blog - The Benefits of Real Estate Investing
Talking to someone who has gone through real estate investing, and been successful at it, is the only real person who can help you to match that success. By talking to a coach who knows what they are doing, you can be sure that you are ...

The McFarland Report Mortgage & Real Estate Investment Market ...
No matter what your age, it's not too late to examine the current status of your retirement plan and real estate investment(s)-even if you feel behind the curve-to take steps to catch up. Be willing to suspend judgment about ...

Real Estate Blog - Success builds Success (Tips from Bicycle ...
6 Comments on Success builds Success (Tips from Bicycle Riding) - PART 4 of 5. Regina: Unfortunately, if I tried to get on a bicycle right now... both the tires would either flatten, or explode. What's a girl to do ? ...

Real Estate Blog - Changing Real Estate in Bay County
Keller Williams Success Realty Office Phone: (850) 392-1700 Cell Phone: (850) 276-4365 Email Me. This is a informational Blog to educate Sellers, Buyers, and Real Estate Professional. The quest to to increase the professionalism of all ...

Realtor Coaching Student Success | Real Estate Coaching and Training |
Realtor Coaching Student Success | Real Estate Coaching and Training |. by Tim Harris on December 4, 2008. Wonderful Realtor Coaching student story. Remember why YOU originally got into the real estate business… ...

How You Will NOT Make Money in Real Estate - Artipot
Whoever is trying to sell you such simplistic view of the Real Estate investing, doesn't have your best interests in mind. He is tricking you into buying his books, and he is using the psychological trickster techniques. ...

4 Steps To Real Estate Investing Success!

Related articles