Real Estate Investing Tips
New and experienced investors alike are always looking for a way to get ahead of their competition. Researching, learning, and then applying the latest REI tips and tricks help real estate investors cash in on today’s housing market and learn how to invest in real estate. There has never been a better time in our nations history than right now to buy real estate. While you can make a lot of money in the stock market, overall it is very unstable. The real estate market has already bottomed out and prices are at all time lows. Now is the time to take advantage and start building wealth through real estate.
They key to becoming a successful real estate investor starts with your education! You need to gain access to REI tips, ideas, and news that investors can immediately use in their business to generate more profits. Clever Investor has the information you are looking for on this site. From real estate investing education to reviews on “guru’s” and the latest software systems, we strive to bring you an unbiased, informative, and entertaining viewpoint on all things “real estate investing”. In other words, we want to be your “go-to” website in the real estate investment community.
REI Tips, Tricks, News, & More
When first getting started you must first master the fundamentals of real estate investing and then move on to mastering niche investing techniques depending on your local market conditions. Don’t get overwhelmed by trying to conquer everything at once or make the mistake of trying to learn all real estate investing tips at one time. Focus on just getting the fundamentals down such as basic lead generation, building out the ultimate power team, how to do due diligence on potential investment properties, how to make offers to motivated sellers, negotiating 101, and where to find the money to fund your deals. Our website and blog have many REI tips that teach you step-by-step systems that develop you into a lean, mean, investing profit machine!
3 Things Every Investor Should Know When First Getting Started
#1 Having A Millionaire’s Mindset Is Vital To Your Success
So many people believe that being an investor is a “get rich quick” scheme. Well let us be the first to break it to you…becoming a successful investor is hard work. Just like becoming a master at anything, it takes perseverance, a good education, a little luck, and a lot of practice mastering your craft. The problem most newbies face is they go into the business focusing on just the business itself. It is our suggestion that you spend just as much time preparing and planning your lifestyle and mindset as you do planning for your business. In other words, create a lifestyle plan first, then create a real estate investing business plan to support your desired lifestyle.
For example, most of us get into the business to make a LOT of money. Money is a great motivator…until things become tough and after a while many people give up their hopes and dreams of becoming rich because the pursuit of money alone is not enough. There has to be a defined “why” behind the money. Maybe it’s having the ability to spend more time with your loved ones, go on ridiculous yearly vacations and see the world where you stay at the nicest resorts and do every tour under the sun. Maybe it is simple being debt free and having the peace of mind knowing your financially free so you can sleep at night. Defining your “why” will help you fight through the tougher times and persevere. Training your mind to go through any obstacle by having clear goals and a “won’t quit” attitude is vital to your success.
#2 Choose Your Mentor(s) Wisely
There are soooo many “real estate investing guru’s” that don’t actually invest themselves anymore. And even when they did, they barely did any deals. They simply regurgitate other people information and focus on “selling the dream” instead of teaching fundamentals and updated techniques that work in todays market. Trust us when we say this because we work with many “guru’s”, the people you see on stage is not always how they truly act once the crowd is gone!
When finding a real estate mentor or coach, search for someone that has provable experience, has achieved the success as an investor you want to achieve, has integrity and good business ethics, and most importantly is a patient teacher with step-by-step systems they can share with you. We would love the opportunity to see if we are a good fit for each other as your real estate investing mentor.
#3 Your Network Is Your Most Important Asset
Most new investors struggle to do their first deal because they simply don’t have the network needed to support vital steps involved in completing a transaction. From their power team members (real estate agents, closing agents, hard money lenders, private money lenders, real estate attorneys, general contractors, handymen, insurance agents, mentor(s)) to training bird dogs bringing them potential deals, without the necessary support systems in place anyone would struggle to make it in this business. Joining your local real estate investing association (REIA) is not enough. It takes purposeful networking to build the right network designed to support every step involved in completing your deals.
These 3 things are just some of the awesome REI tips (real estate investing tips) you will learn by hanging out with us!