Can you really make money in real estate?  You bet you can, but you better beware of what you’re getting yourself into.  I have been investing in real estate for years now and I can’t tell you how many properties I have bought from burnt out landlords or young couples that really started too soon.

Like anything the key to being successful in real estate investing is education and practice.  I have had some really good deals and others I thought were going to drag me down to the deepest of money pits.  So for what it’s worth here’s a few observations I think will be helpful to investors just starting out.

Beware of the late night infomercial real estate gurus when they say you can build wealth in real estate with only five or ten hours a week.  To be successful you need to be on all the time.  It’s all about marketing and following through and networking and did I mention marketing.  I am astounded every time I meet a so-called investor and ask them for a card and they don’t have one.  How is anyone supposed to know you buy houses or invest in real estate if you don’t tell them every chance you get?

Beware of rentals.  Land lording is a pain.  I don’t care if you have a management company in place or not you are always going to get calls about something being broken or some inspection the city wants to run you through.  New investors should especially be aware that almost all of the tenant/landlord laws favor the tenants.  If you want a taste of what can happen rent the movie “Pacific Heights” with Michael Keaton sometime.  You may never buy another rental again.  Remember peace of mind could cost you more than great cash flow.

Beware of contractors who want to be paid by the hour and not the job.  Unless you are constantly there with them, they will take you for a ride every time. Make them sign a must be completed by clause and if they don’t complete the job by the said date, your cost should be discounted.

Beware of homes sold at sheriff sales or on the courthouse steps.  Yes you can find some great deals there, but make sure you do your due diligence and always try to inspect the house first.  Judgments and out of this world repair costs could chomp away at your potential profit quickly.  I like buying the foreclosure properties after the bank gets them back.  They are still “As Is,” but you can always inspect them and have an out if you use a realtor.  Better safe than sorry right.

Beware of taking advice from someone who doesn’t own any investment property, rents or swears he knows of the next big market if only he had the money.  

I have learned and still believe you can never learn too much about something so when it comes to building wealth though real estate education really is the key.  Whether you are a beginner or a seasoned investor the Real Estate Info Network may be just the tool to take you to your next level of investing.  

The Real Estate Info Network promotes real estate education through real estate seminars, e-books and real estate investing. Learn how to make no money down deals, profit in foreclosures and short sales and how to rehab your way into real estate riches.

About the Author

Robb Beltran is an active real estate investor and publisher of the Real Estate Info Network.  The Real Estate Info Network promotes real estate education through real estate seminars, e-books and real estate investing courses.
www.realestateinfonetwork.com
www.belstarproperties.com  

Source: Free Blog Articles

---

I'm happy to share this information                                     What Can Catering Do For You?


Gene Mock - Making it Easy!                                

If you are looking for horse property in Aiken or Aiken County give me a call!  Although equestrian property might be our specialty, I can help you with any property type.   Call me for all of your Aiken SC Real Estate needs. 

Land - Estates - Residential - Condos - Townhomes - Investment - Commercial - Polo properties - Development - Historic - Equestrian - Luxury.....

No matter what your dream...you can find it in Aiken!    

Start searching for your Aiken Land for sale, Aiken SC homes for sale...

If you are looking for homes for sale in Aiken, South Carolina - look no further. Carolina Horse Real Estate .com is an excellent tool to help with your Aiken area property search. Aiken SC offers something for everyone! Equestrian & Golf Communities with houses and building lots for sale, Condos & Townhouses, Patio Homes, Commercial Properties, Development Land, Horse Property, Historic & Luxury Estates, Downtown cottages, Polo properties... all this and more are for sale in Aiken County, South Carolina. No matter what your dream....homes, condos, town homes, cottages, horse farms, golf property, lots, land, investments... you can find it, right here, in Aiken South Carolina. Start searching for your next Aiken SC properties today. Thank you for visiting my website, Carolina Horse Real Estate .com. Your one stop place for Aiken County Real Estate.
                                Search the entire Aiken MLS right here! Find your Aiken realty today.