Best real estate investment strategy you should know
Investment in real-estate is one of the easiest and riskiest ways to make money. While there are multiple opportunities for investment in this sector, you need to keep your eyes open to pick up the good apples from the bunch of bad ones.
While there is no checklist that would ensure that you succeed in real estate investment business on a consistent basis the below tips would certainly help you reduce your risk exposure:
Start with investment in a rental property
This seems like a straightforward thing but within lies a caveat.
A few house owners get too greedy and try to charge exuberant monthly rents that enable them to pay monthly mortgage and make a handsome profit as well. Such individuals lose out in the long haul as renters choose to stay away from expensive properties.
The logic is simple since a renter is not buying a property he would rather pay low rent and live out cheap while he collects funds to purchase a house. The trick is only to charge enough rent to cover your monthly mortgage, and once it has been settled you can sell the property for a huge profit due to increase in land prices.
Assess your interest
If you have the extra cash lining around but have not done your homework before investing in real-estate then chances are that you would pay a huge price for your callousness.Investing in a reputed Real Estate investment group is a much better idea to be pursued until you understand the rules of the game enough to jump in yourself.
Daytime Real Estate Trading
This is for the wild at heart and sharp in mind only. In this mode of real estate business, you buy properties only with an intention to sell them off rather quickly (weeks to months) while making as much profit as you can. The trick again is to earn money while refraining from getting too greedy; it is a fine balance.
The below books would help you gather momentum in your real estate awareness journey.
No BS Real Estate Investing
No BS Real Estate Investing helps you to separate out the myths about real estate investing from the cold hard truths. Preston is known as one of the 100 most influential people online for a reason – He knows what he is talking about. He lays out the simplest of tricks to ensure that you do not end up losing a house bidding again while ensuring that you are in over your head.
This book is the holy bible for any newbie real estate investor and helps him understand the critical operational tactics of this cutthroat industry. This book would take you from a real estate investment enthusiast to the hardcore market leader that you have always wanted to be. Preston is the maestro of the art of pushing you to the limits and then some more.
He knows that there is no stronger form of motivation than self-motivation. Once you start this book and see doors opening up for you then there would be no looking back as you would be climbing the stairs of this competitive business at a rapid pace.
25 Real Estate Lead
There are plenty of books that claim to change your real estate investment fortune forever. Just that they do not work!! This 25 Real Estate Lead is not an experiment where the author treats the readers as guinea pigs. This book is the life story of Greg Reed, who is a revered name in the real estate business today.
He explains how he turned to his game to make sustained income followed by skyrocketing profits by trading in real-estate. All his strategies may not work for you out of the box, but his experiences offer a never before opportunity to improvise your approach. Thousands of successful real-estate businessmen swear by this book and it is time for you to discover the magic for yourself.
Real Estate Investing
What initially attracted us to this title is that it actually talked about Holy Grail of Real estate investing. This Real Estate Investing teaches you the illusive art of finding and engaging with motivated sellers and cash buyers.
Real estate investment is all about the art of keeping money in circulation without getting stuck on a sale until you bleed out due to ever increasing overheads. This book gives you the comprehensive showdown of rehab investors, and absentee owners. There are also extensive sections covering both offline and online marketing strategies that help in creating differentiators for your business.