Though there is a lot of money that you can make through real estate investing, it still remains quite a tricky business. Some achieve success whereas others fall into a loss making venture. So if you are interested in real estate investing and planning to make a foray into the market then it is best to take a leaf out from the success stories of real estate gurus.
Real estate gurus know the importance of time and research. It is often assumed that all that a person needs to do is buy a house, fix it and then sell it or rent it out. However real estate investing is much more than just buying a property and making certain repairs or renovations there. There are many other factors that go into it and you have to know all these down to the minutest details if you want to be successful.
The best way to know more about this line of business is to get ideas from real estate gurus themselves. You should get your information on a first hand basis from successful real investors. They can guide you well because they have already tested the waters. They will give you the correct tips and advice. If you cannot get access to any one in your vicinity then you could always buy books written by well known real estate gurus. In fact you can also search online for e-Books on the same subject. It is also a good idea to join a forum where you can put questions to a person with more knowledge than you in real estate matters. You could also think about enlisting in a short term course especially if it happens to be given out by some one eminent in this field. This way you will already be aware of the pitfalls and how they can occur. You can then accordingly plan out your moves and strategies. This gives you an added advantage over others, especially those who do not know a thing. You most definitely should not fall into the category of a complete novice. Even if you are actually a completely new player, gathering relevant information and talking to experts will help propel you much further than most beginners.
A real estate investor is always his own boss but you should not get so caught up in the power of your success that you stop taking ideas from others. You should remember one thing that others can see your mistakes better and point them out to you. In fact all successful real estate gurus make it a point to consult others before conducting a heavy duty deal. It is never a bad thing to get as much advice as possible. The more you take input from others the better will be your chances of not only getting but maintaining success.
James Klobasa
http://www.articlesbase.com/non-fiction-articles/take-advice-from-real-estate-gurus-136040.html
John T. Reed Real Estate Advice?
Searching the web recently on the subject of Real Estate Investing led me to John T. Reed’s views of various real-estate-investment gurus. His site is heavy text but he gives his readers a list of rip-off artists and credible resources on the subject of real estate investing. I find his approach straight forward and honest but would appreciate any advice or experience you have had with Mr. Reed. I want to be cautious of any information I consume. Any background or critique would be appreciated. Thank you….
I am not familiar with John T BUT I can tell you this: I’ve been looking for a great book to give it as a gift or reference it to my clients and the one that I found worthy reading (I dont make money for refering you to this book) was "The Automatic Millionaire Homeowner" by David Bach.
I personally agree with almost everything he talks about in this book. He has almost the same type of mentality as mine where we see a homeowner and a "true" real estate investor as one of the same person. We also see people that are just speculators or flipper that like to think of themselves as investors which in reality they are not.
With that said, I am not sure what type of mentality JTR has so I would not be able to comment on this.
Good luck
References :
http://www.wonderagents.com/neymontenegro
http://jrealestate.blogspot.com
Real Estate, Mortgage & Credit information
It’s funny you should ask this because within the last two days I was pondering the same thing. As a reader of almost every real estate guru out there, I am able to take one person’s idea and combine it with another. I know he was wrong about Bill Gatten because he fully didn’t understand the PACT Trust idea.
I also have to question someone who states that other people are not creditible while he, himself, is selling the same information.
Regards
References :
Satar Naghshineh
satarnag@amirifinancial.com
http://www.amirifinancial.com
Licensed California Real Estate Broker and Investor
Keep in mind………..
Times and markets are changing!
In California with average homes selling well over $500,000, a 20% decline is $100,000! In any market ‘timing is everything’! So, could you afford a loss of 25% of your investment all because of poor timing???
This last up cycle was 10 years in many parts of the country. The downcycle now started in CA, Wash DC, NYC, Vegas and other hot areas of the past are all soft and getting softer.
From 1990 to 1996, the average home in San Diego lost 20% of its’ value! The cycle we are now enterng looks like it could well exceed that on the downside!
With all the 100% financing, interest only loans, EZ qualifing etc…even a slight decline will cause many to be unable to sell for the amount due on their loans!
For some great ‘insider’ articles on the San Diego real estate market, which I believe will apply to any of the hot real estate markets of the past five years…..visit:
Times and markets are changing!
In California with average homes selling well over $500,000, a 20% decline is $100,000! In any market ‘timing is everything’! So, could you afford a loss of 25% of your investment all because of poor timing???
This last up cycle was 10 years in many parts of the country. The downcycle now started in CA, Wash DC, NYC, Vegas and other hot areas of the past are all soft and getting softer.
From 1990 to 1996, the average home in San Diego lost 20% of its’ value! The cycle we are now enterng looks like it could well exceed that on the downside!
With all the 100% financing, interest only loans, EZ qualifing etc…even a slight decline will cause many to be unable to sell for the amount due on their loans!
For some great ‘insider’ articles on the San Diego real estate market, which I believe will apply to any of the hot real estate markets of the past five years…..visit:
http://www.brokerforyou.com/brokerforyou
http://www.downtown-san-diego-real-estate.com/san-diego-real-estate-article-index.htm
http://www.brokerforyou.com
http://www.san-diego-for-sale-by-owner.com
http://www.la-jolla-ca-del-mar-san-diego-real-estate-encinitas-california.us
http://www.brokerforyou.com/blogger/index.html
http://san-diego-coastal-real-estate.blogspot.com
http://sandiegofsbo.blogspot.com
http://downtown-san-diego-real-estate-views.blogspot.com
http://san-diego-coastal-real-estate.blogspot.com
http://sandiegofsbo.blogspot.com
http://downtown-san-diego-real-estate-views.blogspot.com
http://www.poway-real-estate.info
http://www.del-mar-real-estate.info
http://www.la-jolla-real-estate.info
http://www.los-angeles-real-estate-brokers.com
http://www.san-jose-real-estate-brokers.com
http://www.orange-county-real-estate-brokers.com
http://www.san-francisco-real-estate-brokers.com
http://www.sacramento-real-estate-broker.com
References :