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Eight Tips for Getting Started in Real Estate Investing

Introduction Broker Price Opinions Jobs

This article is just the basics for getting started in real estate investing. This is not a how to article but an article that gives you some information about things to do to get started. Everything in this article is tools that can be applied to helping anyone get started in real estate investing. I am going to give you my eight keys to getting started. Nothing is right or wrong but reflects the point of view of the author. Laws and legal practices vary from state to state, and laws can change over time. The author does not vouch for the legality of his opinions, nor is there any intent to supply legal advice. The author strongly encourages the reader to consult with professionals and an attorney prior to entering in any real estate transaction or contract. The author is not a writer but he is a real estate investor. There will be grammar mistakes and errors, so don’t be too critical of the grammar but focus your energy on what is being said. With that said prepare yourself to think a little differently and expand your mind. Let’s get started on an amazing adventure.

The Eight Tips are as follows

1. Desire
2. Goal Setting
3. Learning What To Do
4. Attending a Real Estate Investing Seminar
5. The Billings Montana Market
6. Finding a Mentor
7. Your Real Estate Team
8. Just Do IT

1. Desire

Before we get in to the bolts and nails of real estate investing in I want to talk to you about desire. If you are going to be successful at anything in life including real estate investing you have to have the desire to do it. Desire is defined as longing or craving, as for something that brings satisfaction or enjoyment. Desire stresses the strength of feeling and often implies strong intention or aim. In real estate investing if you don’t have a desire to learn and grow as a human being and really get satisfaction out of it, then real estate investing is going to be hard to do. When I go out and look at a property it brings me a lot of enjoyment. Every aspect brings me joy from talking to home owners, figuring out how I can make a deal work, to buying the house and to finding a good homeowner or tenant for the house. Real estate investing may not be for everyone but real estate investing can offer anyone the financial freedom we all crave for. If you do not have the desire for real estate investing that is ok, it can still help you to live your dreams and help you to get where you want to go in the future.

Why is real estate investing an amazing avenue for anyone to live out all of their dreams? Let me ask you a few questions. Do you have enough money to do anything you want? Do you have everything you want? No debt? A nice house? Great Marriage? The freedom to do anything regardless of how much it costs and the time it takes? If you have all of these things then you are one of the few people in America who does. Most people may be working fifty hours a week and making just enough to pay their bills. In today’s day and age most people are living pay check to pay check never really knowing if they will make enough to pay the bills that just keep piling up. If you cannot keep up with your monthly bills how are you going to plan for retirement or send your kids to college or have time to enjoy life. The answer to all of these questions is becoming financially free. Now it’s not going to be easy everyone will have to get off the couch and out of their comfort zone. Real estate is proven to be one of the fastest ways to get your out of the rat race of the nine to five and begin living the life you deserve to live. Everyone wants something different out of their life. Some dream of traveling the world, spending more time with family, volunteering, golfing, laying on a beach, giving back to the community, or anything that will make them happy. There are thousands of things that make people happy.

Making it in real estate takes a person who has a strong desire to change their lives for the better and think big. Anyone can become a great real estate investor. It is going to take a lot of work and can be a struggle at times but in the end it will be the most amazing feeling ever. The people that make it in real estate investing all have a few things in common. First they run their real estate investing business like any other business out there. Second they get out there and network with anyone and everyone. Some people might be like me and have a hard time talking to other people. If you are that is ok, anyone can learn how to become a people person, it just takes hard daily work. You have to push yourself past your comfort zone. The third thing is that you cannot be afraid to fail. Everyone has failed at something but the most successful people out their learn from their failures. The fourth thing is that you have to put a good team together. I will go into putting a team together in a later chapter. The concept of putting a team together is so that when you don’t know something you have team members that know what to do and can help you with questions. The can also make sure that you are not working yourself to death. You do not want to be the person doing everything in your business. Doing everything is a receipt for failure. You have to put together good people who you can trust and rely on. The fifth thing is that you need a mentor. Sixth and final is the desire to do it. No one can become successful at something if they don’t want to do it and don’t get satisfaction out of what they are doing.

2. Setting Goals

Having goals is one of the most important aspects of achieving what you want in life. You don’t want to just have your goals up in your head you want to write them down and past what you have wrote on the wall somewhere or in the bathroom mirror. You want to review your goals daily and read them out loud to yourself. This way you remind yourself everyday why you are building your business.

How should you start to write down you goals? First off you should think big, and by big I mean HUGE. If your goals are too small you will easily achieve them and have nothing else to look forward too. You should start off by asking yourself the question if I had all the money and time in the world what would I do, what would I buy, how would I spend my time, and how would I spend my energy. Are you starting to write these down? Well you should be. Think about what you want, spending time with family, traveling the world, the best cars, a castle, owning a small country, running for president, having the biggest real estate investing business in your area or in the country. Whatever your dreams and what you want out of your life, write it down. Some of my goals are becoming free, traveling the world, having a Ferrari, having 10 vacation homes all over the world. Right now I am just trying to get you out of your comfort zone of thinking and let your imagination run. Broker Price Opinions Jobs

There are several ways to set goals. I have learned a lot of ways you can set you goals and there is no right or wrong way. The best ways that I have found to set your goals is to break them up into two categories. First your short term goals. This should be goals from a month out to around a year. The second is your long term goals these goals are you think big goals and what you see for your future.

For year one I like to first make a list of what I want to achieve this year and I will give you an example of how to do that. For year one you want to be very specific first you want to list what you want your income to be at the end of the year, next how much cash in the bank you want (this is money in your checking account, not assets). Next you want to list how much you are going to give. Giving is a very important, this can be giving to charity, giving of gifts to friends and family, giving to your school or anything you can dream of. As long as what you give brings joy to others who need it more than you. Next list what bad habits you have that you want to eliminate. Weather is be quitting smoking, spending too much on junk, drinking too much, working too much, not spending enough time with family, too much TV, not exercising and many more. We all have bad habits that need to be changed in order for use to grow as human beings. Under each of these bad habits list out some steps that you can take in order to quit them. If you bad habit is being lazy and not exercising enough what can you do to change that. Well you can get a gym membership or a home work out program. Commit yourself you following through with a plan to work out 3-5 days a week. For you to change these bad habits you have to be totally committed and follow through with a detailed plan you set for yourself. After you have your plans in place you should start listing several things you want to achieve or do in the next year. This can be start a successful business, spend time with family, travel to 2-5 places and so on. Now under each of these you should also write a detailed plan on what you need and what you need to do in order to achieve these goals. Finally you should take all of this information you have a write on page on what you see your life being over the next year. Doing this is a great exercise to really see what you want out of life.

Goals Year One

This is what I am going To Do This Year
Income: 0,000
Cash: 0,000
Give: ,000

Bad Habits that will be changes:

Over Sleeping 1. Go to bed at 11 p.m. 2. Use a timer and set it for 8 hours 3. Set the timer on the other side of the room

Buying things that you don’t need: 1. Going out shopping less 2. If you have the urge to buy something think to yourself is thing item going to help me to achieve my goals of becoming financially free? 3. Tell friends what you are doing, so they can help to stop you.

What I want to Achieve:

Start a successful Real Estate Investing Business: (you should write a detailed step by step plan of everything you need in order to achieve your goal)

Travel: Where do I want to visit? 1. Gators football game (what I need to do it, money, etc)

And last your own page about what you want to achieve using words like I will and only positive words.

For long term goals you don’t need to be as specific right now, but you should list them and under them list a few steps or smaller goals that need to be achieved before you are able to achieve them. With the long term goals always think big. Another good exercise for long term goals is to make a collage of you goals. Put pictures of the house you want on it, places you want to travel, a picture of your family, a number of what income you want in or anything you can think of. Broker Price Opinions Jobs

Everybody has a dream house that they have in mind. It’s not uncommon for to plan and toil over the house that want to have in the future. For some people it’s the ultimate investment and the summit of their lives. A house is a really big deal to hard working individuals and their families, this makes the purchase of a new home one of the biggest decisions people can make in their lives.

One of the reasons is that it is the sum of all their hard work, people work hard to earn money and people save money to invest on things that would make their lives more comfortable. To have a house of your own is one of biggest comforts that one can have in his entire life. Like what Dorothy said in the Wizard of Oz, “there’s no place like home.”

One other reason for the importance of a new is the social stature of a person. People who live in posh apartments can only live there for a certain time frame but to live in your very own house built on the person’s hard work is something else. Often times the house that we live in is the ultimate gauge of a person’s success in life. If a person owns a five bedroom home with a garage for ten cars and an Olympic size pool at the back, it is easy to say that the person is living the good life. Since a new home cost a lot to have people who have much in life can easily build their own homes from the ground up. A house with all the comforts of modern living is the epitome of a person’s success and triumph.

Now there a lot of ways to get yourself a new home even if you do not have the same cash flow as the multi millionaire business tycoon that you read about in magazines. All you need to do is know the right ways of getting to what you need. One of the most common ways is by getting a loan pay for the house of your dreams. But don’t just walk to a bank and ask for a loan. Consider the things that you will need to get you there. Here are some tips for getting a good housing loan.

First of all know the place where you can get it. There a lot of places where you can secure yourself a housing loan other than a bank. One of the better alternatives would be financing institutions that specialize on housing loans and home improvement loans. These places are a good place to start asking and they charge less for interest than most banks. Usually, these companies would help you get the best deal for you on your new home. They also come in quite handy when you have yet to decide on a property that you want to invest on. They can hook up you up with people that are selling the houses and do most of the haggling for you.

Of course the bank is still one of the best places where you can go. Though there are a lot of documents and paperwork that need to be done still there is a good possibility that you would save yourself from scams when you go to a bank for the loan to purchase a new home.

Our homes are the bastion of our success and the fortress of our families. This is the place where we make our dreams and watch them come true. While all of this is true for the people who bought new homes and are planning to purchase a new home, there are still some things that lurk in the background needs to studied and understood.

There are a lot of people that make a living through taking advantage of other people’s weakness and their gullibility. Buying a new home is a big decision and it took some people several years to come to a decision to buy one.

Making the right choice

There a lot of people who make prey of people have little idea of the scams that they can encounter. For people who are planning to buy a new home the very first thing that you have to know is how to stay away from these predators and their games. The biggest decision a family can make is to purchase a new home and if they fall prey to people who take advantage of them then a dream home may become a family’s worst nightmare.

Scams- There a lot of scams that involve purchasing a new home, some of the most common of are incomplete paperwork, improper documentation, false advertising, misleading information and non-existent homes. These common scams always make family’s home purchase a disaster. To avoid these scams one should make sure that the realty agent is legitimate and they can provide you all the details of the home you are planning to buy. You should also check on the place yourself just to make sure that everything in the house works and that you are aware of the current state of the home. More than anything, the house should at least be in a livable condition. Of course make sure that the paperwork is good and that all documentation is in order.

Legal issues- Even if the title of the house is in order there can still be issues about the legality of the transfer. Avoid getting yourself in a situation like this because an in-court settlement could be very bloody and lengthy. Make sure that there are no legal issues with the new home you are planning to buy. One way to make sure of this is by looking for the right documents that pertain to the transfer of ownership and the history of the purchase. Have it all checked out first before you sign or buy anything.

Security- Another issue is the security of the area that you are planning to buy a new home in. If the house that you are planning to buy is in an area that puts your family’s lives in danger then it may not be worth it. One of the main reasons why some family gets fooled in to buying houses in places that are not secure is because of the price of the property. Properties in high risk areas often have a cheap price tag on them. And because some people are working on a tight budget they tend to grab the opportunity that is presented to them. Make sure that when you purchase a new home it would be in a safe place that your family can have peace of mind.