How to become a Real Estate Investor.

Here is a simple plan on how to get yourself started in becoming a Real Estate Investor.

Difficulty: Moderately Challenging

Instructions

Things You'll Need:

• Real Estate Education
• Community of Investors
• Rich Person Mindset

1. 

   You can't give what you don't have. So, educate yourself first. Get the knowledge. Try real estate investing books or real estate licensing classes. You want to be taught by the best. Education is Key in learning how to become a real estate investor. Nouveau Riche University is top in creating real estate investors.

2. 

   If you want to fly with the eagles, you can't run with the turkeys!! You need to get out there and start building your network. Meet other real estate pros through local groups and clubs. You can always know your income by the top 8 people you spend the majority of your time with. Your net worth is based on your network.

3. 

   Clean up your finances!! Pay off credit cards and other debts you might have. Review and correct your credit reports.

4. 

   Make sure your start up funds will be available when you need them.

5. 

   Go shopping, take your property visits up a notch, make low ball offers to get a feel for negotiating.

6. 

   Get financing preliminaries out of the way. Get pre approved for loans, have financial papers in order.

7. 

   Get the business going. Interview banks, other money sources, work with attorney to set up partnership or corporate entities.

8. 

   Walk the streets, get to know the areas you’re interested in, talk with local renters, business people and real estate agents

9. 

   Check out properties. Visit individual properties to get a feel for the market, crunch numbers.

10. 

    Go for it!! Alert your network and get them involved. When you find just the right property, make a solid offer and get to work buying it.

11. 

    Do the work. Do your financial due diligence and a thorough property inspection.

12. 

    Get your money!! Include the property’ s financial information in loan package and apply

Tips & Warnings

• Invest your time and money in your financial education.
• Get self help books.
• Focus on Self Development
• Develop critical skills to lead your field in the days ahead.
• Increase your value and earning ability.
• Get the right education
• Do not have the do it yourself mindset

Resources

• We Create Real Estate Investors
• How to pay yourself first

[Addonis]

on 9/30/2008 great work 5 stars