Nick Shivers Tips And Tricks For Real Estate Investment Success - PowerPoint PPT Presentation

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Nick Shivers Tips And Tricks For Real Estate Investment Success

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Nick Shivers Top service provider. People are always looking for ways to make more money. Investing has become a popular way to make more money. This could be very lucrative for you too, but you must know what you're doing. The tips in this text will teach you a few things about successful real estate investing. – PowerPoint PPT presentation

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Title: Nick Shivers Tips And Tricks For Real Estate Investment Success


1
Nick Shivers The Real Estate Investing Guidelines
To Follow
  • Nick Shivers Top service provider. Investors have
    a great opportunity with the market running the
    way it currently is. You should get into this
    market now! These tips will get you started.
  •  
  • Before investing in real estate, try analyzing
    the market and researching thoroughly. You should
    view numerous properties and make a spreadsheet.
    Rent expectations, pricing and repair budgets
    should be factors you're considering. This will
    allow you to pick out great deals instead of ones
    that are bad.
  •  
  • Marketing will be crucial to your success.
    Marketing is what generates your leads. Without
    solid leads, you are not going to find good deals
    on properties. Therefore, if something is not
    working in your investment plan, turn to your
    marketing strategy first to see what is going on
    and what can be adjusted.
  •  
  • Be careful about choosing properties with strange
    room layouts. You may personally find it
    interesting, but many people don't like these
    strangely developed properties. They can be
    extremely hard sells. Picking one up without a
    potential buyer in mind can lead to it sitting in
    your inventory for months, if not years.
  •  
  • If you're going to want to do some home projects
    on your property, then you need to make sure you
    know what you're doing. When home improvements
    are done wrong, it could really make your real
    estate drop in value. It may just be best to hire
    someone that knows how to fix the problems the
    property has.
  •  
  • Have multiple exit strategies for a property. A
    lot of things can affect the value of real
    estate, so you're best having a short term,
    mid-term, and long term strategy in place. That
    way you can take action based off of how the
    market is faring. Having no short term solution
    can cost you a ton of money if things go awry
    quickly.
  •  

2
A fixer-upper may be cheap, but think about how
much you have to renovate to bring it up in
value. If the property only needs cosmetic
upgrades, it may be a good investment. However,
major structural problems can very costly to fix.
In the long-run, it may not give you a good
return on your investment.   Nick Shivers Expert
tips provider. Stay away from deals that are too
good to be true, especially with investors that
you cannot trust or do not have a good
reputation. It is important to stick with those
who have a good reputation because getting ripped
off in this business can cost you a lot of
money.   When you begin investing in real estate,
you must practice some patience. Your first deal
out of the gate can be expected to take longer
than usual. Maybe the terms weren't right or you
just couldn't find a truly great property.
Refrain from stressing out if this happen to you.
This can actually lose you money in the long run.
Instead, simply be patient until you find the
right property. While there's not much wrong
with buying a lot of real estate in other areas,
states and other countries, be sure that you're
in touch with the people that are around your
local area. You know your own area the best,
making it easier for your to find a great piece
of investment real estate. You may find even
better deals for getting started.   Do not use
your emergency savings or day-to-day personal
cash when investing in real estate. When you
invest in real estate, there will frequently be
large amounts of money you can't access for a
significant period of time. It may take you years
before you start seeing a real profit. Be sure
that you can handle this without causing
financial problems for yourself in daily
life.   If you want to purchase several
properties close together in time, try to find
ones that are near each other. This way, you
won't be shelling out a lot of money for gas or
driving for hours to get from one to the other.
This will also help you to gain more knowledge
about the area.   Nick Shivers Proficient tips
provider. Try and partner up with lenders and
other investment types as you develop your real
estate portfolio. Once you get to know them and
they understand that you are a reliable partner,
you may end up getting all the financing you need
for future endevours.
3
Consider working out a percentage of profits with
them in advance and then go shopping for real
estate.   Understand that real estate investing
is a commitment. You may have heard a lot about
flipping properties quickly for profit, but the
reality is you are more likely to make good
profits by purchasing carefully and managing the
property wisely until property values increase.
Purchase a property that will attract solid
tenants for steady, ongoing income.   Don't
expect to get rich overnight in real estate
investment. On the contrary, it may take up to a
decade for your investments to really pay off and
many new to the business fail to realize this.
With some exceptions, you need to be in the
position to hold your properties before seeing
any major profits.   Look for foreclosure
opportunities. There are a lot of excellent real
estate investment options among foreclosures.
They are near always listed well below market
price, and some may likely only need minor
upgrades and touch-ups. Foreclosure flipping can
be a very profitable investment strategy, but do
your homework before getting into it!   To make
sure you buy a good piece of real estate, find
out what similar properties have sold for. This
will give you a good idea of whether a property
you're considering is worth the price you're
about to pay for it. There are public databases
about recent sales, or you can ask a real estate
agent to help.   Nick Shivers Qualified tips
provider. The best time to put money in real
property is when values are depressed like they
are in the current market. Most investors that
achieve success start from research and having
the right kind of experience. You can join the
ranks of these great investors with the
information you learn
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