Your #1 Income Property Resource.

 No Money Down Real Estate Investing Course
Learn How To Buy Income Properties Without Risk, Good
Credit, Money Or Tenants!

Click here for more information

 Welcome to! Visit the Real Estate Investing Forums.

Real Estate Articles 
 Real Estate 
 Second Home
 Success Stories
 Real Estate Q & A
 Real Estate News
 Real Estate Law & Policy
 Money Making Ideas
 Home Improvements
 Tax and Insurance
 Appraisal and Inspection
 Log Homes
 Mobile Homes
 Home Buyers
 Constructions and Home Buildings
 Real Estate Investing 
 Vacation Home
 Rental Property
 Preconstruction Investment
 Marketing Secret
 Joint Venture
 Land Investment
 Lease Purchase
 Probate Real Estate
 Real Estate Clubs
 Short Sales
 No Money Down Investing
 Fixer Uppers
 Resort Home
 Loft Apartment
 Property Development
 Tax Incentives
 Investing Strategy & Tips
 Real Estate Wholesale Property
 How To Articles
 Subject To
 Real Estate Books
 Apartment Investing
 Commercial Real Estate
 Residential Property
 Hotels and REITs
 1031 Tax Deferred Exchange
 Investment Property
 Real Estate Advanced Techniques
 Trust Deed Investments
 Creative Home Buying
 Wholesale Real Estate
 Real Estate Auctions
 Tax Lien Certificate
 HUD Homes
 Real Estate Regional USA
 Austin, Texas
 Colorado Springs
 Reno, NV
 Market Analysis
 Property Management
 Condo Conversion
 real estate guru
 Bank Foreclosure
 VA Homes
 Buy To Let
 Rent to Own
 Tax Deed
 Stop Foreclosure
 Retirement Planning
 Real Estate Investors
 International Real Estate
 United Kingdom
 Real Estate Seminars
 Condo Hotel Investments
 NNN Properties
 real estate notes
 Real Estate Education
 REO Properties
 Life Estate
 Income Properties
 Mortgage and Finance 
 Mortgage Leads Generation
 Mortgage Leads - Leads Mortgage
 Mortgage Marketing
 Creative RE Financing
 Hard Money Lender
 Debt Consolidation
 Income Property Financing
 Home Equity
 Credit Repair
 Mortgage Tools
 Home Construction Loan
 Commercial Loans
 Owner Finance
 Private Lenders
 Discounted Notes
 Assumable Mortgages
 Seller Financing
 Equity Lines of Credit
 Real Estate Pros 
 Real Estate Agent and Broker
 Mortgage Agent and Broker
 Real Estate Marketing
 Real Estate Consultant
 Real Estate Resources 
 Mortgage Foreclosure Example
 Mortgage Origination forms
 Property Transfers
 Tenancy Agreement and Form
 Internet and Online

Real Estate Investing : Real Estate Investors Last Updated: May 14th, 2012 - 22:24:01

The Significance Of Technical Expertise In Order To Be Successful Real Estate Investors
Email this article
 Printer friendly page

Real estate investing and the amazing profits some very successful real estate investors realize makes some wonder what sets these investors part from the rest of them. Is it their experience, acumen, skills, marketing strategies or the fact that they have a seemingly never-ending supply of motivated sellers? The secret of the success of these real estate investors, among other things, is a good grasp of the technical aspect of real estate investing. They are able to double-check and ensure that deals are agreed on in their favor and can be such experts that they can form contracts and agreements, do the required research, and check title deeds when time is a constraint and hiring an attorney can be a time-consuming deterrent.

If creative real estate investors have technical skills, they can benefit, as not all lawyers know much about the various moneymaking techniques that clever real estate investors use. A like-minded attorney can be a great boon; but if a he uses the services of an attorney who has no idea what creative real estate investing is, the real estate investor will be thankful he has some technical expertise that will ensure that the deal goes through without any problems.

If the investor has some technical knowledge, he will be able to decide which kind of strategy he needs to use to close a deal and ensure that his interests are safeguarded. If you have the basic knowledge, you may sign a lease option; perhaps if you are very knowledgeable, you will know the ways to safeguard your option, such as escrow deed, recording the option, etc. You will become more of a professional real estate investor.

While flipping properties is a technique that is used quite a lot by various investors, it is necessary to be able to draft the contract carefully, ensuring that there are no mix-ups. An attorney who does not understand innovative investing techniques cannot give you much advice, so it will be better if you can check the contract yourself to ensure there are no mistakes that may be costly and hard to recover from. If you are a clever real estate investor, you will ensure that it is an assignment contract, with a subject-to-approval-by-partner clause that can be used in the event that you do not find any investors to flip the property to. This gives you an exit strategy blaming a partner who did not approve of the deal. If you are a novice, you could be stuck with a property that may be a drain on your resources. If you are dealing with Bank REO properties and trying to flip them, be sure that you have a good assignment contract and that the deal is finalized in your name so you can then flip the property to another investor for a good profit.

Peter had a great property a bank REO that he was keen to flip. He got the contract ready and sent in all necessary paperwork, spending quite a bit of money. While he was mentally spending the profit he assumed he would make, he got a rude shock when the deal fell through because his lawyer had not prepared an assignment contract but had sent in papers drawn in favor of the buyer. The bank refused to do further deals with him because he had earned their mistrust. If he had the know-how, he would have identified this mistake instead of losing out on the deal.

Real Estate Investors, Educate Yourself

The best way to do this will be to get yourself familiar with all basic legal terms. This can be done by doing research on the Internet, getting a dictionary, and studying the way your attorney formulates contracts until you have the confidence that you can do the job in case there are certain time constraints that prevent you from consulting your attorney.

Learn about the various documents and in which situations they are used. There are assignment contracts, deeds, options, lease purchases, etc. You will need to learn about the precautions to be taken while forging a deal such as due diligence, checking title deeds, ensuring there are no hidden debts, and checking for any tax liens. However, be prudent enough to figure out when you are lost and need help from an experienced and capable attorney. It will be an utter shame and a waste to scrimp on attorney fees and lose money big time because of something that you overlooked.

It is better if you watch the way your attorney deals and learn from it by studying the way each contract or agreement has been drawn, the precautions taken, and the terms of the deal. Slowly but surely, real estate investors will acquire the technical knowledge required to frame contracts. Perhaps have your attorney study your contracts until you are confident enough to close deals without using his services.


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            Page copy protected against web site content infringement by Copyscape   



Visit Real Estate Forums for every real estate investing topics!  Enter Here


Top of Page

Home Courses Real Estate Forms Income Properties For Sale Forums CalculatorReal Estate Education    

Copyright © 2001 - 2010, All Rights Reserved. Privacy Policy in Observance.