Real Estate Investing Tip #1: Reading

One of the best ways to get good real estate investing information is to read a lot. Reading is a very important function on many levels, for example:

– Reading and understanding the terms in an existing deed of trust

– Learning about other people’s mistakes and how to avoid them

– Finding about cool tricks and techniques that never crossed your mind – and adding them to your repertoire

But reading the right information is a caveat of this tip because it can both save you unnecessary losses and accelerate your earnings and profit potential. Reading the wrong stuff can be worse than not reading at all.

Tip #2: Repair Credit

Money house

Understanding and managing credit are necessary skills as an investor. Most investors have no clue how to use credit as a tool in real estate – in the beginning and many have terrible credit when they start.

So learning how to help yourself – and others – improve a bad credit score is a useful and powerful marketing and finance tool.

Good, bad and ugly credit all play different roles in our investing experience. Learn how you can deal with sellers and buyers who need credit repair going into a deal. Find about about your fico score.

In many respects, credit is the fuel for real estate investors. It provides opportunity to find distressed properties and to provide a service helping people get back on their feet – as well as determining an exit strategy going into a deal.

Wealth creation takes knowledge and discipline. Learn ways to keep more of the money you make – legally and ethically – and grow your capital. Buy property using Roth IRAs and create cash flows that build your equity long range. Making money is one thing, keeping it is another. Financial intelligence is the key to the vault.

Tip #3: Foreclosure Houses

There are lots of ways to locate foreclosure houses and several common methods to invest in foreclosures – pre foreclosures being one of the best. There are a variety of data and pre foreclosure listings services – electronically and in print – available to assist you in your task of finding the property before your competition.

Learning to find foreclosure home listings is only one piece of the puzzle though. What do you do once you find the house?

As an investor you need to understand the fundamentals of foreclosure law in the state where you live and different ways of stopping foreclosures. There are a number foreclosure and preforeclosure books, courses and seminars available to aid in shortening your learning curve.

Regardless of your skill level as an investor, they are probably worth your time.

Tip #4: Tips from real estate gurus

Meet the real estate investing gurus like Ron LeGrand, Louis Brown, John Ulmer, Jeff Kaller, Wright Thurston, Wendy Patton, Donna Bauer, Greg Pinneo, Nick Sedotti and lots more.

House for sale with sold sign

Sign up for newsletters and get advice and real estate investing tips from the masters through discussions and q&a about investing techinques. Find a real estate investing forum about almost any topic.

Read evaluations of real estate investing seminars and courses and sign up for bootcamps, homestudy or mentoring programs.

Tip #5: Lease Options

How work lease options work. Tips on finding lease option opportunities and how to structure lease option agreements. You’ll learn when to use lease options as an effective real estate investing tool to create cash flow and minimize risk.

Using lease options you can provide a valuable service to many who can not buy a house any other way and at the same time give you the opportunity to control assets without actually owning the property. Speaking of leverage…

Negative aspects of lease options and when you don’t want to use them.

Tip #6: Mortgages

Mortgages play a major role in real estate investing. Find out today mortgage rates and links to the coolest mortgage calculators. Many factors have an influence on acquiring distressed properties – including bad credit mortgage loans and a bad credit score.

There are also lots of ways to make money in mortgages including buying defaulted paper at a discount and there is an entire industry based on investors who are mortgage note buyers.

Do your homework and study how mortgages work. You can actually be the bank and create your own mortgage paper and build a financial future like the banks do – using other people’s money.

Tip #7: Real estate investing club & associations

Real estate

Find your local real estate investing association or real estate investing club.

Get involved with your local group, network with the members and you can benefit tremendously from doing so. You might be seriously surprised at the talent and experiential resources at your disposal getting first hand real estate investing tips on a local level for funding your deals, getting advice and support as you get through your learning curve or occasional cash flow crunches.

You can also get your local real estate investing club or association listed.

Tip #8: Seminars

There are real estate seminars on all types of topics and more are being created all of the time. We provide information on these seminars, links, descriptions, event schedules and locations.

Seminars are available on property management, owner financing, lease options, negotiations, using land trusts, renovations, lots more topics on real estate investing seminars…

Tip #9: Services

Where you can go to get the real estate services you need to do your rehabs on schedule, good closing agents, real estate attorneys and agents who get it.

If you offer real estate related services offline – learn tips about how to sell your service online.

We provide you with real estate investing tips to maximize your cash on cash return in your real estate while:

Using leverage intelligently
Improving your bottom line on each deal
Removing the risk from real estate investing
Owning rental income properties without tenants running your life
Finding other people willing to help you finance your deals
Tapping into a network of active investors across the county