Below are excerpts from “Make Money in Real Estate in 2007.”
Source: PR Web
by Stephen Gregg
- Get good quality real estate investing education
Having the knowledge is the key. But buyer beware: There are various types of so-called real estate investing seminars available.
- Know your market
Are you in a market with high or low appreciation; what is the renter status in the area; are there a lot or not very many foreclosures; are you in a high, medium or low income area. Is it a growing population area, or decreasing?
- Decide your investment strategy
“Buy and Hold,” “Fix and Flip,” “Creative Financing,” “Foreclosures,” “IRA and Retirement Plan Investing,” “Lease Options,” “Multi-family dwelling,” “Commercial real estate,” and many others.
- Don’t listen to the news
If you base your investment strategies on news reports, you may not get out of bed.
- Build your TEAM
Players on your team may include other successful investors, a mortgage company, an accounting firm and tax attorneys to protect your assets, a mentor who is willing to walk with you every step of the way, and a group of professionals who will identify potential investment properties. Your income will be the average of your five best friends. Be sure to choose your team wisely.