If you are interested in becoming a Real Estate Investor, this post might help. There are a few ways to go about it. From wholesaling to buying shortsales.
The first thing you can do is read some books on how to become a Real Estate Investor, one book I recommend is Real Estate Investing for Dummies. From the books you can begin to get some idea of what area you want to get into. Either wholesaling, shortsales, foreclosures, weather to buy and hold or buy and flip.
The second step I recommend is to find a mentor that can guide you and teach you. One way you can find a mentor is to call the signs that say I Buy Houses Cash and talk to the investor, tell them that you are interested in learning and if they would be willing to teach you. I recommend Preston Ely. He is one of the best wholesalers and teaches students nationwide. Go here to find out more
Another thing you need to do is start studying the area you live in, research the housing market where you live. What the houses are selling for, how long they've been on the market, the value of the houses, and how much they are selling for.
A way to start investing is to be a bird dog for an investor. A bird dog is a person who finds deals for an investor and if the investor likes the deal and the deal goes through closing you get a finders fee for the deal. Every investor has a different criteria, some only invest in poor areas, some invest in condos, or they may want a certain amount of bedrooms, bathrooms. It may take a while but after a while you will know what the investor is looking for and you will be able to find the deals they are looking for. One site you can go to and get a better idea of houses that are out there for investors is www.rehablist.com
Tuesday, September 29, 2009
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