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10 Tips for Real Estate Investor

 
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Felix07Richerd



Joined: 04 Aug 2010
Posts: 110
Location: Canada

PostPosted: Thu Feb 24, 2011 2:17 pm    Post subject: 10 Tips for Real Estate Investor Reply with quote

1. Do not overanalyze. You may lose a lot of great opportunities to make great deal of money. Start making offers!


2. Get the property under a contract first with a safety clause.
3. Ask fellow investors, real estate broker about the property value. If it makes sense go ahead with the purchase.

4. If you are buying for a quick flip neighborhoods do not matter. What matters is the $$$ you are going to make.

5. Your perfect buy should be a house/condo/building in excellent condition and in a good neighborhood.

6. Your Second choice should be a cosmetic fixer in a good neighborhood.

7. Inspect the property. Try to get as many things fixed by the seller as possible. Check the neighborhood. Drive around the block. Look at the houses in the neighborhood, what is their condition. Look at the cars parked in the street. Old cars normally can tell you a lot about the neighborhood. Trash on the sidewalks can spell less than great neighborhood. Which in turns means you should buy and sell quickly (most of the time). Renting in those neighborhood could be challenging, especially for the new investor.

8. Use a real estate agent or broker. My first great deal was found by a broker. Try to get access to the MLS so you can look for deals yourself.

9. Shop around for Financing. My experiences with the loan officers tells me one thing. Email them your questions and ask them to email you back their answers or put them on paper. They tend to always change terms and rates (though illegal), and put junk charges.

10. Try to reduce your Title/Escrow charges review them with an experienced investor or real estate agent.
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mateo503



Joined: 01 Dec 2010
Posts: 23

PostPosted: Sun Mar 27, 2011 1:27 am    Post subject: Reply with quote

Cool! Thank you for sharing those tips. I will take note of that.
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andregill



Joined: 22 Mar 2010
Posts: 11

PostPosted: Sat Apr 23, 2011 2:03 am    Post subject: Reply with quote

I don't have much knowledge in Real Estate subject but it looks so informative and interesting.
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eleven1



Joined: 06 Jan 2012
Posts: 7

PostPosted: Wed Jan 11, 2012 3:57 am    Post subject: Reply with quote

very wise words indeed , thank you for the good advice & the tips . i think many people will find it a bit hard not to over-analyze Wink .
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