Lastly, Go After Your First Deal

Category: Finance, Real Estate.

By now you know you want to be in the apartment buying business. I know we all want to become insanely rich with real estate investments.

The process is fairly simple if you consider this three step plan: STEP 1- Decide which horse you re going to ride: First things first, before you can get started as a real estate entrepreneur, you have to know what you want to do. But we have to have a focus. How about 10- units, 50- units, or 100- units? The questions to ask yourself are: Do you want to invest in duplexes, quads, triplexes? Are you interested in wholesaling, or retailing these, rehabbing properties? Trust me, you must have a focus or you will get caught in a web of great ideas that will lead you nowhere. There are so many options.

STEP 2- Don t get caught up in paralysis of analysis. The best strategy is to learn the basics. That s the worst success killer in the business. Don t confuse this with learning everything there is to know before you do anything. It took me seven months do my first deal. It is not possible to expect to be an expert before you begin.

That s right! I overanalyzed each and every step. Seven months. I made the mistake of focusing all of my attention on this one deal. In my case I was lucky. There was no guarantee that this deal was going to close, but I still didn t consider looking at any other deals during this time entire process. The deal did close and the end result was great.

But think about all the wasted time I did over analyzing deals. I ended up netting$ 25, 000 at close. Better yet, think about all of the potential deals and money I could have considered, if I had looked at other deals. If you want to become an apartment investor, then keep in mind that there is no such thing as lack of time. STEP 3- Proceed immediately to your first deal. Every human being has the same number of hours in a day as you do.

You must determine exactly what you want to do and give it your laser beam focus. To become an successful entrepreneur, it is important to choice carefully what you do with your time. Keep in mind that it s OK. to fear failure, but you must give yourself a chance. Lastly, go after your first deal. Occasional failure is good as long as you are failing forward and learning from it. It s your future and the only way. to predict your future is to create it! Always Remember, You Can Replace Your Income With One Deal!

And. . .

Read more...

Prime London Property Prices Have Risen Again, And Have Overtaken Tax Haven Monaco Property Prices, According To A Report Recently - Finance and Real Estate:

Prime London property prices have risen again, and have overtaken tax haven Monaco property prices, according to a report recently.

At The Present Time, These Financially Unstable Developments Are Not Widespread In The Tampa Bay Area - Natalie Dilday about Finance and Real Estate:

As you go about the process of shopping for a home, you likely are finding yourself looking at newer developments. When it comes to considering purchasing residential Tampa real estate in a new development, there are some considerations that you need to keep in mind.

Don T Forget The Home Inspection - Finance and Real Estate Articles:

Talk to any Realtor and they will tell you that there has never been a better time to purchase a new home. For the first- time home buyer, the outlook is even better.