How do you invest in real estate?
Posted on February 21st, 2010 in Renting & Real Estate | 5 Comments »
Kisses asked:
I've been getting interested in investments and I am looking for the best ways to educate myself. If you can recommend some books and websites that are not too hard for someone with no finance background, I'd appreciate that. Now, I'd like to know how exactly real estate investment works? Do you buy a cheap house, repair it, and then sell it for a profit? Thanks for help.
Walk In Bathtub
I've been getting interested in investments and I am looking for the best ways to educate myself. If you can recommend some books and websites that are not too hard for someone with no finance background, I'd appreciate that. Now, I'd like to know how exactly real estate investment works? Do you buy a cheap house, repair it, and then sell it for a profit? Thanks for help.
Walk In Bathtub
5 Responses
Houston Discount Real Estate
Go to this web site, may be it will give you some ideas.
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Appriciaton, equity buildup and cash flow are the three things that I want in a property. If I get 2 out of three it works. Try
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The best way to learn about the real estate business is to start looking at what kind of land and houses are out there on the market. You also need to research the area in which you want to sell houses in, see what the surrounding property values are, and compare those values to last year (to see how much value had depreciated or appreciated). As a beginner, you should check out the houses yourself to see if there are any problems before you try to sell it, or sell it to someone. You don’t want to get left with a property that no one will buy.
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There are many different ways to invest. For many beginners the the choice is direct investment (i.e. buy a property) or buy into REITs, etc. which spread the risk of many different markets and property types. I am assuming that you are asking about the former method.
You have to determine the amount of capital that you have to work with, how long you can have it invested, tax basis, your ability to carry additional short term costs, etc. The best advice that I can give is to find your local investment clubs. They are in almost every locality and are a great source of information. Also find it is important to have access to a good accountant, lawyer, Realtor, etc. Integrity should be your top priority as the professional willing to compromise ethics will never have your best interest in mind.
Ultimately you should actively pursue knowledge. Many brokers offer courses for prospective hires but you could take the course for the experience and learning.
Real Estate For Sale In Jacksonville
Learn through investors by starting out as a real estate bird dog. This is what a lot of people do. Go to to learn what real estate bird dogging is and how to do it.