Eight Tips for Getting Started in Real Estate Investing
Introduction
This article is just the basics for getting started in real estate investing. This is not a how-to article but an article that gives you some information about things to do to get started. Everything in this article is a tool that can be applied to helping anyone get started in real estate investing. I am going to give you my eight keys to getting started. Nothing is right or wrong but reflects the point of view of the author. Laws and legal practices vary from state to state, and laws can change over time. The author does not vouch for his opinions’ legality, nor is there any intent to supply legal advice. The author strongly encourages the reader to consult with professionals and an attorney before entering any real estate transaction or contract. The author is not a writer, but he is a real estate investor. There will be grammar mistakes and errors, so don’t be too critical of the grammar but focus your energy on what is being said. With that said, prepare yourself to think a little differently and expand your mind. Let’s get started on an amazing adventure Top Theto.
The Eight Tips are as follows.
1. Desire
2. Goal Setting
3. Learning What To Do
4. Attending a Real Estate Investing Seminar
5. The Billings Montana Market
6. Finding a Mentor
7. Your Real Estate Team
8. Do IT
1. Desire
Before we get into the bolts and nails of real estate investing I, want to talk to you about desire. If you are going to be successful at anything in life, including real estate investing, you have to have the desire to do it. Desire is defined as longing or craving, as for something that brings satisfaction or enjoyment. Desire stresses the strength of feeling and often implies strong intention or aim. In real estate investing, if you don’t desire to learn and grow as a human being and really get satisfaction out of it, then real estate investing will be hard to do.
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When I go out and look at a property, it brings me a lot of enjoyment. Every aspect brings me joy, from talking to homeowners, figuring out how to make a deal work, buying the house, and finding a good homeowner or tenant for the house. Real estate investing may not be for everyone, but real estate investing can offer anyone the financial freedom we all crave for. If you do not desire real estate investing, that is ok, and it can still help you live your dreams and help you get where you want to go in the future.
Why is real estate investing an amazing avenue for anyone to live out all of their dreams? Let me ask you a few questions. Do you have enough money to do anything you want? Do you have everything you want? No debt? A nice house? Great Marriage? The freedom to do anything regardless of how much it costs and the time it takes? If you have all of these things, you are one of the few people in America. Most people may be working fifty hours a week and making just enough to pay their bills.
Most people live paycheck to paycheck in today’s day and age, never really knowing if they will make enough to pay the bills that keep piling up. If you cannot keep up with your monthly bills, how will you plan for retirement or send your kids to college or have time to enjoy life. The answer to all of these questions is becoming financially free. Now it’s not going to be easy. Everyone will have to get off the couch and out of their comfort zone. Real estate is proven to be one of the fastest ways to get out of the rat race of the nine to five and begin living the life you deserve to live. Everyone wants something different out of their life. Some dream of traveling the world, spending more time with family, volunteering, golfing, lying on a beach, giving back to the community, or anything that will make them happy. There are thousands of things that make people happy.
Making it in real estate takes a person who has a strong desire to change their lives for the better and think big. Anyone can become a great real estate investor. It is going to take a lot of work and can be a struggle at times, but in the end, it will be the most amazing feeling ever. The people that make it in real estate investing all have a few things in common. First, they run their real estate investing business like any other business out there. Second, they get out there and network with anyone and everyone.
Some people might be like me and have a hard time talking to other people. If you are ok; anyone can learn how to become a people person; it just takes hard daily work. You have to push yourself past your comfort zone. The third thing is that you cannot be afraid to fail. Everyone has failed at something, but the most successful people out there learn from their failures. The fourth thing is that you have to put a good team together. I will go into putting a team together in a later chapter.
The concept of putting a team together is so that when you don’t know something, you have team members that know what to do and can help you with questions. They can also make sure that you are not working yourself to death. You do not want to be the person doing everything in your business. Doing everything is a receipt for failure. You have to put together good people who you can trust and rely on. The fifth thing is that you need a mentor. Sixth and final is the desire to do it. No one can become successful at something if they don’t want to do it and don’t get satisfaction out of what they are doing.
