For Making Residual Income Through Real Estate, RealEstate Investing Strategies

Your new Investor partners Discover, Amex, etc certainly will not mind.. Comprehend what sells andwhat lets along with the local rates. While there are deals to be discovered here, they're often notthe greatest ones.

Buy low, sell high is one of the most common expressions in real estate investing. Though it soundsquite obvious, it is not always easy to buy houses at the right price.

How do you find motivated sellers? You work at it! Like any business, it is crucial to develop slightlymarketing blueprint. One that is basic, yet very effective, is the one that was proven 75 years ago bythe Fuller Brush company; door to door sales.

Do your own research. The real estate agent might show you only the comparable sales that makethe property look more valuable. Do your own research. Some counties have made it easy now, withsales prices online. You can also search any number of sites with MLS listings, just to get an ideaabout the asking prices of other nearby properties.

Find someone that would take the optioned property. This is trading. You are trading your option. I'dcertainly get a property that was free and clear or at least an income-producing property with apositive cash flow. If you could get a free and clear lot that was worth $115,000, and offer the owner$90,000 value on a trade toward the optioned property above, you will have a great result.

The first tip is to know why you want to do it. If you want to achieve your goals, know why you wantto achieve them. If you want to be a millionaire, know why you want to be rich. In fact, it is the why,or the reason that will motivate you into doing something. In other words, if you do not have a strongand emotional reason, you will never have the motivation. It is just like to quit smoking. You willnever stop until you have a strong reason for it such as when you are diagnosed with lung cancer.

He then told me about a deal where I could invest in a gold mine in the Congo. That's right--gold inthe Congo. The rate of return was great if I were to put money in it, but what in the world do I knowabout mining gold in the Congo? Absolutely nothing!

Knowledge is power! If you want to become a serious investor, start by learning everything you canabout the business. The internet can be an invaluable source of information on real estate investing.

On the internet you can find websites with forums filled with active investors. By reading andposting posts on these forums you can learn a wealth of information about real estate investing andhave the opportunity to pick the brains of other real estate investors. Learn all you can about variousaspects of the biz, and this knowledge will help you narrow your focus to just the aspects you areinterested in.

HELOC's: Got your own house with some equity in it? Borrow against it. That's not wise if you'rebuying a boat or a big-screen TV with the money, but that money is just sitting there in your housedoing nothing for you if you've got real estate deals you could be doing with it. Again, maybe a bitmore challenging in 2011 but it can be done.

If you're going to make money in real estate, get comfortable with debt. Good Debt vs. Bad Debt.Real estate investors are in a lot of debt, and the more debt we go into the wealthier we becomebecause we know how to make debt work for us. The management & movement of money folks, isjust using debt properly to create wealth. Sounds a lot like what the banks do doesn't it. It's mathnot magic. Now go get that first deal.

The property investment gurus are also expert networkers. Pay for houses below market value thatis full. A great way to achieve this is through real estate investing. The key will be to make about 30of them at time.