5 Tips for Choosing a Real Estate Financial Advisor

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5 Tips for Choosing a Real Estate Financial
Advisor
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• It is obvious that everyone is not an expert
  investor. Some of the people do not want to
  invest without having expert opinion some believe
  they lack knowledge to invest properly. Same goes
  in real estate industry where people prefer to
  consult with real estate financial advisor before
  making any investment.
• However choosing the right real estate financial
  advisor may become difficult. One of the major
  reasons is availability of too many options.
  There are few guidelines which can help to choose
  the right person or service for guiding in real
  estate.

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1. Identify Your Actual Needs First

• The first step is a basic yet a serious one. What
  are the main needs or objectives of finding an
  expert? Some people may be looking for an expert
  who will manage the complete investment portfolio
  of properties on behalf of the investor. While
  some of them may be willing to only get advice on
  potential properties for investment.

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2. Ask Family and Friends

• The smart move is to consult family and friends.
  In fact one can go a step further by contacting
  other real estate investors to get recommendation
  on suitable advisors. Lot of people take decision
  on the basis of a referral. Certainly, a
  recommendation is more than welcome but one
  should not set aside his own judgment.
• The first recommendation might seem great. But
  the second or third recommendation might be even
  better. The best way is to pull out a small pool
  of advisors and meet them. Talk about the
  detailed plan they have and then compare their
  approaches

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3. Think about Risk

• Here comes the most crucial part of investment.
  Figuring out the tolerance level of risk
  associated with the investment. Risk is quiet a
  complicated and abstract concept. It needs to be
  identified that how much investment, an investor
  is ready to lose? This may require detailed
  financial projection of future income that will
  be earned through other businesses or job.
• How much risk the financial advisor is talking
  about? Has he actually provided some insights on
  this matter? If a certain bracket in percentages
  has been mentioned, then does that risk
  associated figure is up to your tolerance level
  or not?

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4. Do not Get Seduced by Big Numbers

• There is a common phrase past performance is no
  guarantee of future results. The statement is
  true. The advisor you have highlighted might have
  a great track record in real estate investment
  but it is almost impossible to beat the market
  consistently and to cross the benchmark again and
  again. Not to forget the market dynamics might
  have played a key role in getting unusual
  numbers.
• A wise decision is to choose an expert who
  explain thing in an easy way that make sense,
  shows the brighter and the risky side.

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5. Advisors Fee

• Advisors fee is an important area. You will find
  expensive and inexpensive options. However a
  couple of important questions to ask are
• Are they earning any commission on what they
  might sell you?
• Are they only taking fee from you?
• One doesnt need to be an investing professional
  to select a good real estate financial advisor.
  The only thing required is to remain prepared,
  think and understand how the experts services
  will help you making more money.

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A short presentation by Investor Lending

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