As a real estate investor, if you have the proper training and use what you learn you can line your pockets with CASH in a relatively short period of time. Just be sure to learn the ropes and then don’t cut corners.
What if you’re just getting started and you have no money? Believe it or not, you can still get into the game. You can begin to earn an income with a minimal investment. Just remember to do what you learn from your mentors and other trainers. And … avoid the following mistakes.
Real estate investors who follow a process and stick to the “rules of engagement” make fast CASH
Mistakes are not all bad. Making mistakes can teach you. They do have value as long as you don’t repeat the same mistakes over and over. There are a few mistakes made by investors that not only cost money—they lose money. Any one of them can stand between you and success. Avoid all of them!
The first thing you should do when looking for distressed properties is research the properties in your target area. Don’t take anything at face value. What you see is NOT always what you get. Never assume anything.
Research the properties that fit your target market and if they don’t, drive by until they do. Qualify a property by researching contact information and locating the owner. Learn all you can first hand.
Prospecting Outside Your Target Market
Choosing a Target Market is essential. If you don’t pick a target market you’ll diffuse your focus and make less money in the long run. If your target market is flipping abandoned or vacant homes, resist the urge to rehab condemned properties and then renting.
Once you decide on a target market, stick with it. If after awhile you discover you don’t enjoy what you’re doing, change your focus. You should always do what you love and love what you do.
Real estate investors who follow a process and stick to the “rules of engagement” make fast CASH. Following guidelines set forth by successful investors saves time and money. Want to make money? Buy low, rehab and sell low. Don’t make the mistake of finding a good opportunity and then sitting on it too long. Your money will be tied up in the current investment. If something wonderful comes along, unless you have a backup stash of cash, you’ll have to pass it up.