Beginning Real Estate Investing: Here Is The Curriculum
Beginning real estate investing? New to school? Just hop in! But before you do that, be very clear on two things: why are you here? And what are the rules of the game?
The rules for Real Estate Investing For Beginners are simple; there is no one here to tell you that
you'll make it big so please don't wait for your teachers to motivate you. You have to do it yourself. Look out for right partners and associations and keep telling your self that you can do it and the truth is, you can because the field has not yet saturated and the classroom seats are vacant for worthy candidates.
Break The Fast Money Myth
Rule number two of Real Estate Investing For Beginners; there is no fast money (unless you are exceptionally lucky). If you are because you think that investing in real estate can make you worth a million dollar like tomorrow, than
I'll suggest that it is better not wait for that tomorrow not at least in real estate investing. It strictly demands a lot of hard work and dedication. No I am not suggesting that you cannot pursue this field as a part time employment initially, you very well can, but whatever time you spend should be spent with complete heart. A halfhearted intention or Beginning Real Estate Investing can take you nowhere.
Money Alone Is Not Sufficient
Rule number three of Beginning Real Estate Investing; use your brains and not only money to make money. If
you've been advised that a sack full of money can earn you another sack by beginning real estate investing than this is just half the truth. Extremely careful investment or rather creative investment is the only way to earn rewards. Hay way and unplanned moves are hollow and promise to take off the last penny form your pocket without letting you even a single chance to earn. Money is crucial but smart and diligently planned moves are essential.
Keep Your Eyes And Ears Open
The fourth mantra of Real Estate Investing For Beginners is closely related to rule number two. Just like there is no fast money, there
aren't any ready parties. There is no one standing next door to make a profitable deal. You have to be on a constant look out for sellers and mind you it is motivated sellers (the ones willing to part away with their properties as and when a good deal is offered) that make the difference. Not to forget that these so called motivated sellers are even more difficult to find. So be prepared to spend more time in first, finding interested sellers and second, if you do find one than in completing the deal. Determination and patience can do the trick.
So the rules for real estate investing for beginners are clear and by now you've obviously worked out if you would like to be here or not.
So you've decided to stay. Good for you. Now let me introduce you to your teachers or mentors as they are referred to in real estate investing for beginners. Of the total course material, half you will have to learn by yourself. Attend seminars related to beginning real estate investing, look out for material available online, refer to other library resources and do whatever beg ĘC borrow ĘC steal but be your teacher.
For the other half of course for real estate investing for beginners, there can be a mentor. But of course again you yourself will have to search for one if you are serious about beginning real estate investing. There are various experienced professionals in the field who can guide you through rough patches. But how do you convince them to be your mentors. Simple real estate investing for beginners tips, generate few good leads, learn while on the job and save other investors time and money which now they would be happy in investing in you. So all you need to do is create a value in you, which they are willing to explore.
Apart from a mentor you would require others to assist. Attorneys, insurance agents and other contractors who have been in the field and obviously have necessary paperwork would serve as important partners. So network in you school with kids enrolled in other courses but of course the same branch. They will serve as handy resources in the long run.
The teaching part is clear; however being completely engrossed in this field might also require a license, if not today at a later stage. So while you are still studying complete the spadework in this direction as well and obtain the requisite licenses related to beginning real estate investing.
Real estate investing is an institution where if you spend quality time and cultivate your own set of customers, than there is an opportunity for a lifetime. It is the initial harvest that demands extensive effort and time, but once achieved the growth prospects are promising.
Do you own real estate articles or stories and want to share with other investors?
You have chance to win
$100 Amazon Gift Certificates. We will give
away 3 prizes for top authors each month!
Email your articles or stories to:
© Copyright 2001 - 2010 by
Real Estate Forums
for every real estate investing topics!
Top of Page