Tuesday, March 30, 2010

Investing in Real Estate is a Cool Way to Get Rich

Being a real estate investor is one of the coolest jobs out there because it allows you to make lots of money without imposing restrictions on your lifestyle. Unlike going corporate, you can generate a huge and stable income while still having the time to take part in the activities that you enjoy the most. And what’s good about making a living by investing in real estate is that you don’t have anyone to answer to since you can be your own boss.

There are many ways to make money in real estate. For the broke and the inexperienced, there’s the business of wholesaling houses. Wholesaling is a method of flipping (or buying and selling) homes wherein an investor places an investment property under contract and then finds buyer for the contract. In essence, a wholesaler brings a motivated home seller and a buyer together.


For those who have no investment capital or an extensive background in real estate investing, being a wholesaler is the perfect real estate job for them. Wholesaling doesn’t require a huge start-up money because unlike when doing a conventional flip, you don’t have to buy the property itself. You just have to give a deposit and help the seller get rid of his unwanted home. It’s as simple as that.


On the other hand, if you’re looking for a more challenging method of investing in real estate, there’s managing rental properties. Many real estate investors shy away from being a landlord because of the amount of work and effort it entails. With the right mindset and good managing skills, however, you can create a steady stream of income that can help you prepare for your retirement or help you save for your children’s college fund.


The key to becoming a successful landlord is to set up a system that will allow you to manage your rental properties with ease. Once you have laid a strong foundation for your business, you can just relax or go on a cruise in the Caribbean as rental income comes pouring into your bank account.


Bear in mind, however, that making mountains of cash in the real estate investing business is fairly impossible if you don’t have the willingness to learn. Success in this business is founded on the principle of “knowing what you do and doing what you know.” Therefore, if you don’t want to end up as failure, you should also invest in your real state education.


To learn more methods of investing in real estate, visit www.REIWired.com.

Education: The Key to Successful Real Estate Investing

If you believe that the real estate investing business has lost its luster, you’re sadly mistaken. No matter what the current financial situation in the country is, investing in real estate is still one of the best ways to gain financial freedom. Just ask those people who made riches by being a real estate investor.

However, while it is true that it is easier and faster to generate huge income by becoming a real estate investor, such a feat is still impossible if you don’t have at least a background on investing in real estate. In fact, many real estate investors quit halfway because they are incurring more profit losses that profits due to their lack of knowledge. Therefore, if you don’t want to end up as a failure just like these quitters, study real estate investing first before taking a big step forward.
There are many ways to beef up your real estate education. Listed below are some of them:

1. If you haven’t visited the local library as a child, now is your chance. The library has lots of books about real estate investing and if you can’t afford to buy a book or any reading material for that matter, the library is the best place to get free real estate education.

2. Another way to improve your knowledge on investing in real estate is to surf the Internet. The World Wide Web is a treasure trove of information for an aspiring real estate investor like you. Nowadays, there are many real estate experts who share their knowledge by posting articles and other learning materials online. By reading their blogs and visiting their websites, you can pick up hints and tips that you can use when it is time for you to invest in real estate.

3. If you have money to spare, it wouldn’t hurt to invest them in your education. You can attend seminars and workshops organized by experts in the real estate business. If you want, you can also sign up for courses or buy instructional materials.

4. Having a real estate mentor can also beef up your knowledge on investing in real estate. A mentor can teach you lots of neat stuff about the business, as well as provide you with hints and tips that only real estate veterans know.

Always remember that if you want to succeed in the real estate investing business, you have to take care of your real estate education first. Visit www.REIWired.com to get the best real estate education there is.

Monday, March 29, 2010

Become a Successful Short Sale Expert


Learn how to turn obstacles into opportunities as short sales expert Franklin Cruz discusses the secrets to becoming a successful short sale expert. A former soldier who got hooked on real estate investing after watching a late-night television infomercial, Franklin Cruz will teach you the nuts and bolts of investing in short sales and how you can take advantage of current market trends to boost your business.

Visit REI Wired's Youtube channel for more real estate videos to choose from.

Fund Deals with Private Money

Alan Cowgill will teach you how to fund deals through private money financing. He will explain in this video presentation the advantage of using private money over borrowing from banks or other lenders. Listen carefully as he relates how he discovered the road map to using private money in buying commercial properties, apartments, luxury homes, and single-family homes.



Visit REI Wired's Youtube channel for more real estate videos to choose from.

Common Questions on Real Estate Wholesaling

In short, clear, and intelligent answers, Eddie Case will lay down the answers to the top 20 questions that most newbie real estate investors ask.earn all these and more in this compiled video that will definitely answer all your questions and doubts.

Visit REI Wired's Youtube channel for more real estate videos to choose from.

Street Marketing with Bandit Signs

Using bandit signs is one of the most effective ways to find and market real estate deals. In this video, he shares exactly how he makes a bandit sign, which he calls street marketing.

Visit REI Wired's Youtube channel for more real estate videos to choose from.

Get Leads and Deals for FREE

Darren Dicke is a master in finding deals and leads free and hell expose his methods in this video. Hell tell you what you can do with for rent signs and for sale by owner signs. Listen as he makes an actual phone conversion with a potential buyer.

Visit REI Wired's Youtube channel for more real estate videos to choose from.

Bank Owned House Explained

Nowadays, many people are cutting back on their expenses because of the sluggish economy. Spending less on trivial things is actually a prudent move on their part. With the current state of the country’s finances, one can never be too careful with one’s hard-earned savings.

For real estate investors, meanwhile, one of the best ways to cut back on your expenses when rehabbing properties is to buy a bank owned house. Popularly known as real estate owned houses or REOs, these properties are being sold at rock-bottom prices because the banks and lenders that own them have no choice but to sell them as quickly as possible.

A bank owned home is a property foreclosed by banks and lenders after its homeowner defaulted on his or her mortgage. Unlike ordinary foreclosures, however, an REO failed to get bids at the auction, which forces the bank to take legal ownership of the property in question.

As we all know, banks and lenders are not in the business of selling homes. Being as such, they are required to clear their inventories of real estate. Failure to do so may result in profit losses or sanctions from industry regulators. To avert such a disaster, banks will sell REOs at very low prices to easily attract the attention of buyers. They would rather sell low than not to make the sale at all.



To buy a bank owned house, meanwhile, the first thing you need to do is contact a realtor. A realtor, or a real estate agent, can help you find the cheapest and the best property to rehab. If you don’t know how to make an initial contact with the bank or lender, a realtor can also help you with such a task.

With the help of a realtor, you can now go house hunting. Bear in mind that there are lots of REOs available in a particular area, which is why you need to check out as many properties as possible to ensure that you’ll make the most of your purchase. After you’ve chosen the house that meets your criteria, you should head to the bank with the realtor in tow and express your intent to buy the property.

Another important pointer to remember: never buy an REO without giving it a thorough check-up. Who knows, certain problems might be lurking behind its walls and you’ll get to find them out only when you have already purchased the property. Once the inspection is complete, close the deal with the bank, ASAP.

Buying a bank owned house is indeed a great way to minimize expenses and maximize profits when rehabbing homes. To learn more about these great properties, visit www.REIWired.com.

Thursday, March 25, 2010

The Perks of Hiring a “Homegrown” Real Estate Mentor

One of perks of having a real estate mentor by your side is that you’ll never get bored with the real estate investing business. A mentor can provide you with companionship and you’ll feel safe and secure knowing that you won’t be alone when the going gets tough. As people used to say, doing something nice feels better when you do it with a trusted friend or companion.

Choosing a trusted companion when investing in real estate, however, is not really that easy. With the growing number of veteran real estate investors who wish to earn extra income by mentoring greenhorns, it is quite difficult to find the perfect coach who will cater to your learning needs. In addition, there are phony real estate gurus who take advantage of the inexperience of beginners by ripping them off.

If you’re considering hiring a real estate coach, one of the best ways to ensure that you’ll get the quality of education that you deserve is “to go local.” Here are the reasons why you should hire a locally based real estate mentor instead of spending thousands of dollars on a big-time coach:

1. If you want to focus on your real estate investing business in your own “backyard” rather than buying investment properties in other cities or states, a locally based mentor can help you in this regard. A “homegrown” coach knows the local real estate market well and he or she can provide you with insider tips and other valuable information.

2. A locally based mentor is also the best person to ask regarding the real estate laws in your city or state. Such a mentor is extremely handy, especially when you want to try an unconventional real estate investing method but don’t want to run into trouble with the authorities.

3. You can sleep soundly at night knowing that you can meet your mentor anytime of the day. For some real estate investors, having the knowledge that their coaches are living just a few blocks away gives their self-confidence a boost.

4. A locally based mentor can help you build your real estate investing team. He can give you recommendations on which contractors to hire or hints and tips on where the find the best local hard money lender.

But before you pick a locally based real estate mentor, see to it that you have conducted a research on his or her background. Be sure that the coach you’re going to hire is indeed capable of helping you become one of the best investors in your city.

Do want to know what it feels like to be mentored by some of the best real estate gurus in the country? Then visit www.REIWired.com.

Wednesday, March 24, 2010

Real Estate Investing Tips on Buying Bank Owned Homes for Profit

Dreaming of building a great real estate empire? Well, you’ve come to the right place because this article will give you an insight into one of the best ways to build wealth in the real estate investing business – by investing in bank owned homes.

Bank owned homes, or real estate owned houses (REOS), are considered some of the hottest investment properties in the real estate market today. In fact, they are extremely popular among real estate investors and conventional homebuyers because of their affordable prices. So if you want to buy these hot properties, here are some real estate investing tips to help you get started:

1. Check out as many REOs as you can. Don’t limit your choice to a single bank owned property. As much as possible, check out all the available real estate owned houses in the area you want to invest in so you can have more properties to choose from. Always remember that more choices mean more opportunities to make money in real estate.


2. Determine comparable sales and the history of the property. Once you have singled out the REO that you want to buy, perform due diligence. You might have probably heard this a million times but studying the comps and the property’s history will help you determine the market value of the REO in question, as well as give you an idea on what your initial offer to the bank that owns the property would be.


3. Inspect the house. One of the most important real estate investing tips on buying bank owned homes that you should remember is never sign a deed of sale without giving the property a thorough inspection. As we all know, many bank owned homes are in a state of disrepair as their previous owners were unable to maintain them because of financial difficulties. By inspecting the house, you’ll get an idea on how much the cost of repairs would be, which you can use to support your opening bid to the bank.


4. Don’t be afraid to negotiate. Although banks will tell you upfront that prices of real estate owned houses are non-negotiable, there is no harm in trying to negotiate for a lower price. Who knows, they might consider your request if you ask nicely.

If done correctly, buying bank owned homes can provide you with great investment opportunities. For more real estate investing tips on buying, selling, and rehabbing REOs, log on to www.REIWired.com.

Tuesday, March 23, 2010

Real Estate Coaching: Separating Wannabe Gurus from Good Mentors


Even though teachers can be a pill at times, you cannot deny the fact that you are indebted to these people. If not for them, you wouldn’t be able to get where you’re at right now. Because of the tons of homework and projects that they made you do while you were still in school, you learned how to better manage your time and deal with stress.

For real estate investors who refuse to get real estate coaching because they feel that a mentor may cramp their style or become more of a burden to them, sorry to say this but you’re going to miss a lot on your real estate investing career. Like a school teacher to his student, a real estate mentor can help you grow and become a better investor. And most of all, a coach can steer you to the right direction and significantly reduce your learning curve.

However, with the booming real estate investing industry come wannabe real estate gurus who want to make money off the inexperience of newbie investors. That being said, you have to exercise extreme caution when looking for someone who can guide you to the right direction and help you reach for the stars.

Listed below are some nifty hints and tips on how to separate fake gurus from certified mentors who can provide you the best real estate coaching services.

1. A certified real estate mentor is someone who actively invests in properties. He (or she) also uses the strategies that he is teaching to his students to make money in real estate. If you’re going to hire a coach, see to it that he does all these things and more.

2. Ditch your mentor if he tells you that he cares for your future but won’t follow up on his words. A good real estate coach is supposed to show you that he cares through his actions and not his words. If your mentor doesn’t do anything except from giving you lip service and make promises that he can’t keep, then you’re probably working with a wannabe real estate guru.

3. A fake real estate mentor constantly put his students down to make him look good. A good coach, on the other hand, inspires and motivates his students to do their best and to keep on trying even if the odds are playing against them. So if you’re going to hire a mentor, which one are you going to choose? The second one, of course.

Receiving a real estate coaching service from a mentor can make significant contributions to your career. However, you’ve got to choose the right person for the job. If you want to have an idea who that person might be, visit www.REIWired.com.

Monday, March 22, 2010

Use Your Retirement Money


You can make money in real estate today using your IRA, or Individual Retirement Account. Veteran real estate investor Jim Hitt will enumerate the numerous ways you can use your retirement money to earn profit investing in real estate in today's market.

Visit
REI Wired's Youtube channel for more real estate videos to choose from.

Back-to-Back Closing On Short Sales

Hunter Paschallexplains in this video how to properly conduct a back-to-back closing when doing a short sale. He will discuss how to use a title company and give you ideas on how much you should pay for documentation stamps.


Visit REI Wired's Youtube channel for more real estate videos to choose from.




Motivated Buyer + Seller = Big Bucks

Discover how you can make money pour into your bank account as seasoned real estate entrepreneur Omar Johnson discusses what every investor should know about when buying and selling investment properties.


Visit REI Wired's Youtube channel for more real estate videos to choose from.

Manage Leads Effectively




Judson Voss teams up with his wife, Lynn, in this highly entertaining and informative video to shed light on one of the most important aspects of investing in real estate finding deals.

Visit REI Wired's Youtube channel for more real estate videos to choose from.

Basics of Buying Subject-To Houses


Learn the basics of buying subject to houses and listen intently as William Tingle enumerates not only the advantages and perks but the risks involved in this form of real estate investing. Is buying subject to houses legal, moral, and ethical?

Visit REI Wired's Youtube channel for more real estate videos to choose from.



Friday, March 19, 2010

4 Ways to Fail in Property Investing

While property investing can be a lucrative way to make a living amid these trying times, you won’t get closer to fulfilling your dreams if you don’t know the mistakes to avoid when investing in real estate.

Fortunately, I have taken the privilege to list down some of the most common blunders that many real estate entrepreneurs commit in their haste to build a real estate empire:


Mistake No. 1: Investing in properties without prior real estate knowledge.

Time and time again, many people have been stressing the importance of having education. From Greek philosopher Aristotle to famed scientist Albert Einstein, successful individuals from every generation underscored the benefits of being well-informed. Therefore, if you don’t want to become a complete and utter failure in real estate investing, spend some time and money on your education. But if you think education is expensive, try ignorance.


Mistake No. 2: Investing without a plan.

As the saying goes, if you fail to plan, you plan to fail. If you want to be a prolific property investor, you should set specific goals and develop a plan to realize those goals. And once you have come up with a solid plan, you should work hard and strive to implement the plan that you have created.

Having an investment plan can do wonders to your property investing business. It can serve as a map to your success, as well as help you determine the strengths and weaknesses of your real estate investing strategies.


Mistake No. 3: Falling in love with your investment properties.

While it is true that your personal preferences can serve as an effective yardstick when choosing houses to invest in, you shouldn’t solely rely on them. You should give priority to the needs and wants of your buyers. For instance, when doing the paintjob on a fix and flip project, pick the color that your buyer would like and not your favorite shade of pink. Because you’re not the one who’s going to live in the house, you shouldn’t let yourself be too emotionally attached with an investment property.


Mistake No. 4: Investing without observing due diligence.

When investing in real estate, see to it that you did your homework well. Did you check the property’s history? Are you sure that the property has a high after repair value? Did you study the comparable sales in the area you want to invest in? Can you guarantee that potential buyers will be happy to live in the neighborhood where your investment property is located? If you fail to answer any of these questions, then it is only a matter of time before you find yourself in a sticky situation.

If you want to know more property investing mistakes and learn how to avoid them, visit www.REIWired.com.

Property Investing: Why it’s Time to Take the Plunge


The housing crisis has deeply affected the American public, with hundreds of thousands of people losing their jobs due to the subsequent recession caused by the bursting of the housing bubble. However, there is one silver lining to this crisis – property investing. The recession has opened the doors for many Americans to take a chance in real estate investing. It has given thousands of people who lost their jobs the opportunity to get back on their feet through property investing.

Aside from a huge increase in the number of foreclosed properties, the housing market crash has also pulled down property prices, making it easier for real estate investors to purchase houses. So if you’re considering investing in real estate, here’s a list of reasons why you should take the plunge now.

CHEAP Properties. There are hundreds of thousands of undervalued and foreclosed properties across the country right now, many of which are selling for under 50 cents on the dollar. What this means is that you only need a small amount of capital to purchase a house, renovate it, and then sell it for a nice profit.

No Money Down Investing. Perhaps the biggest draw in property investing is that you can do this even if you don’t have money and no credit. This “No Money Down” investing is particularly evident when wholesaling houses, wherein an investor purchases only the contract to a house, not the property itself. A lot of veteran (and rich) investors have been wholesaling houses without spending their own money and without having their credit history pulled. If you want to learn more about how this system works, visit www.REIWired.com, which features videos, articles, e-books, and other educational materials that deal with everything about real estate investing.

Lot of Buyers. The claim that there are no buyers in today’s market just doesn’t hold water. There will always be buyers. People need roofs over their heads. Those who were evicted from their homes due to foreclosure will look for smaller houses for their family. You can be that person who can provide them their new albeit smaller home if you’re in the property investing business. On other hand, since houses are now cheap, families who now have the chance to move into bigger and better houses will certainly do so. In fact, many American families have taken this opportunity to move into bigger houses located in better neighborhoods.

The housing crisis may have brought hardships to most Americans. But if you’re smart enough to see the silver lining, you can use the housing crisis as a springboard to living the life you’ve always wanted. A lot of real estate investors have already done so. You could be the next.

Thursday, March 18, 2010

Bring Home the Bacon with Real Estate Coaching


When you were still at school, isn’t it easier to learn new things with the help of a teacher or a tutor? Learning real estate investing is like going to school. It is much easier to understand new concepts and ideas by undergoing a real estate coaching program.

Just like in sports, a team that performs well and is always at championship games has, no doubt, a great coach. A coach can motivate his team to give their best shot and teach them techniques that can help them beat the competition. He is the one who affects his team the most and when the latter performs badly, the coach is the one who gets replaced, not the players.

If you want to improve your real estate investing business, you should consider obtaining real estate coaching. Just like a sports team with a great coach, you can acquire valuable techniques from a mentor that will help you defeat the competition. In addition, it would be easier for you to handle certain real estate deals since you have someone who can provide you with good advice.

However, if you think that you’re real estate mentor is pulling you down instead of lifting you up, you have to severe your ties with him the soonest possible time. A good coach is someone who can help you grow as a real estate investor but if he is the one who’s impeding your growth, then you should find someone else who can provide you with the quality of education that you deserve.

To avoid choosing the wrong coach, always conduct a background check on the mentor that you are planning to hire. As much as possible, obtain all the information about him that you can find. As we all know, the real estate coaching services of a mentor don’t come cheap, which is why you have to be sure that you’re spending your hard-earned money on the right tutor.
Investing in real estate can be a tough nut to crack at times. With the help of a real estate mentor, however, generating a stable income in this highly competitive business is just a walk in the park.

Meanwhile, if you’re looking for someone who can help you reach the “championship games” and bring home the trophy, visit www.REIWired.com. The website has dozens of videos that feature some of the best real estate coaches and mentors in the country today.

Monday, March 15, 2010

Real Estate Blogging Secrets


If you want to harvest the power of blogs to get your real estate business to the first page of Google, this video is for you. Harrisburg master wholesaler Eddie Case shows in this presentation how you can market your business or your real estate website through blogs. You will learn how to create free blogs you can use to upload videos and articles that in turn can improve your real estate business’s search rankings in Google. He will also teach you how you can upload a video on your blog from YouTube or other video-sharing sites and from your personal computer. Eddie Case will also reveal in this video what blog hosting sites are “Google-friendly.”

Visit REI Wired's Youtube channel for more real estate videos to choose from.

Editing & Uploading Marketing Videos

For those who want to learn the exact method master wholesaler Eddie Case uses when editing and uploading marketing videos, you are in for a treat.



This presentation features a detailed guide on how to edit and upload – a technique you can use to market your real estate products and drive traffic to your website. Eddie Case will reveal the video camera and video editing software he uses to make the clips he uploads on YouTube, MetaCafe, and other video-sharing sites. Follow the transition of a video clip from a file in your PC to a great marketing tool on the first page of Google. Real estate investors who want to harvest the power of video advertising must watch this presentation.

Visit REI Wired's Youtube channel for more real estate videos to choose from.

Article Writing for Real Estate

Do you have a flair for writing articles? If you do, discover how you can use your talent to beef up your real estate business as Eddie Case gives you a step-by-step guide on how to secure a spot on the first page of Google.com by using articles. By watching this video, you can unlock the secrets to generating tons of online leads and discover what you need to do to entice web surfers to visit your website. Eddie Case will also give you a hint on which article submission sites can help you get to the top pages of Google. So if you want to master the art of online marketing, watch this video now.



Visit REI Wired's Youtube channel for more real estate videos to choose from.

How to Rank High on Google

After watching this video, generating traffic to your real estate website will be a piece of cake! Unlock the secrets to using Google.com to get tons of leads for your business as Eddie Case teaches you how you can use the world’s No. 1 search engine to drive traffic to your website.



Find out the best tactics to get into the first page of Google and attract the attention of home buyers and sellers. If you want to know how you can create your very own real estate video, watch Eddie Case as he gives you a step-by-step guide on making the ultimate Internet marketing tool from scratch.

Visit REI Wired's Youtube channel for more real estate videos to choose from.

7 Wholesaling Secrets You Need to Know


Eddie Case will share in this video the 7 secrets that every investor must know when wholesaling houses. Eddie Case has been using these secrets to wholesale more than 450 single-family homes without losing money and without having his credit report being pulled up. Why is the home seller more important than the property? What exactly does “No Money Down” investing mean? Why wholesaling has the lowest investment with the highest return? How do you get a buyer’s list? Why do you need a website? Learn the answers to these questions and more by watching this video now.


Visit REI Wired's Youtube channel for more real estate videos to choose from.

Friday, March 12, 2010

4 Real Estate Tips on How to Create Curb Appeal

Investors are often on the constant search of real estate tips that can help improve their way of dealing with their business. One of the most useful abilities that real estate professionals can develop is the ability to create curb appeal. This term refers to the exterior appeal of an investment property.

Creating curb appeal is very important for people investing in real estate. It helps investors attract more potential buyers and eventually close more deals. In order to achieve this quality, here are some real estate tips that real estate investors can use:

• Know the power of first impressions. First impressions matter a lot in the world of real estate investing. These impressions can make a buyer’s interest towards a home grow more or fade away. That is why investors should take a good objective look at their properties and see what they can do to catch a buyer’s attention in a good way.

• Investors should put themselves in the buyer’s shoes. In order to achieve high curb appeal, real estate investors should be able to think like buyers when they invest in real estate. They should be able to see the first things that other people see in a property whether it is a crack on the concrete driveway or a dead potted plant.

• Focus on the basics. Investors should be able to determine the basic elements that people see when the first step in front of a property. They should make sure that the exteriors of a home are in tip top shape. This means no chipping paint on the walls, heaping piles of trash up front, and broken windows.

• Attention to small details adds up a lot to a property’s appeal. There are some investors who forget about the power of little details in an investment property. These real estate professionals do not realize that buyers also pay attention these things as well. Therefore, investors should know that even the most seemingly insignificant detail such as a picket fence or a doorbell affects the overall appeal of a home.

These real estate tips are just some guidelines that people investing in real estate should keep in mind when it comes to their properties. For those aspiring investors who want to know more information about anything related to real estate, they can visit REIWired.com.

Thursday, March 11, 2010

5 Real Estate Investing Tips for Newbie Investors

Generating huge returns by investing in real estate is quite easy as long as you know what to do. You don’t have to totally master the art of buying and selling properties just to earn huge profits. However, if you don’t know what you are doing, you might find yourself in deep trouble.

To help you become a prolific real estate investor, here are five real estate investing tips that you should need to know:

• Always remember the three golden words in real estate investing: location, location, and location. Two identical houses may fetch different prices if they are built in different locations as the price of a property is usually determined by the amenities in the area where it is situated. Therefore, if you are going to buy an investment property, ensure that it is located in an area where people are happy to live in.

• Don’t buy properties unless they are from motivated sellers. Motivated sellers are good sources of great deals. Because they are always in a rush to unload unwanted properties, you can buy real estate for pennies on the dollar.

• Don’t forget to do your numbers. Always evaluate a deal before you commit yourself. While you might be able obtain a property at a low price, it doesn’t necessarily mean that you can make tons of money out of it. Have a professional appraiser take a look at a house that you want to invest in so you can be sure that the
property will indeed give you huge profits.

• Always have an exit strategy. This is probably one of the most important real estate investing tips out there.
Before you buy a property, find out what are going to do with it. Are you going to rehab the house and sell it at a much higher price? Are you considering renting it out or wholesaling it to other investors? Make a decision early on to avoid being stuck in the middle of a deal.

• Have a real estate coach. Having a mentor is better than studying real estate investing techniques and
strategies on your own. In addition, a coach can help you assess deals and provide you valuable pointers that will help you grow as a prolific real estate investor.

By following these real estate investing tips, it would be easier for you to make money in real estate. If you want to learn more, go to www.REIWired.com.

Wednesday, March 10, 2010

5 Real Estate Investing Strategies that Stand the Test of Time

Investors are always on the lookout for real estate investing strategies that will help them bring in a lot of money. With many so-called strategies that are coming from websites, magazines, journals, and real estate seminars, determining the best strategy for an investor can be quite a challenge at times. It is a good thing that there are effective strategies that remain constant even in an unpredictable real estate market.

Here are five examples of useful real estate investing strategies that people can use in any scenario in real estate investing:

· The Economist Approach – Most real estate investors who have been in the business for a long time have one thing in common: they stay in tune with the market no matter what. Researching and monitoring previous and current real estate trends give people an idea on how to see the future of their investments. This investing approach also teaches real estate professionals to be a few steps ahead of everyone else.

· Niche Specialization – Success is slim for those who try to become the jack of all trades when it comes to investing in real estate. That is why it is better for investors to focus on just one specific area or type of investment in order to yield the best results in their venture.

· Exit Strategies – Having an exit strategy is one of the oldest and most reliable piece of advice in the world of real estate. Savvy investors know the value of planning what to do with an investment property even before a deal closes. An exit strategy is not just one plan, but it also includes a series of backup plans for a property just in case a deal falls through.

· Professional Networking – One of the most important real estate investing strategies that groups and individuals should develop is the ability to pool a number of contacts such as buyers, contractors, loan officers, and other professionals who they can collaborate with in their projects. Building a network is definitely an essential in order to make it in the field of real estate investment.


Aside from the real estate investing strategies listed above, there are many other tried and tested approaches that are used by both new and experienced investors. For more information, visit REIWired.com for details, tips, and advice on how to learn and apply these strategies.

Tuesday, March 9, 2010

The Easy Real Estate Mentoring To-Do List


Real estate mentoring has helped many investors in finding out the dos and don’ts of investing. However, the task of finding the right real estate mentor can be daunting at times. In order to make things easier for aspiring investors, here are some pointers on what a person should do when looking for real estate mentors:

• Look at profiles and information about well-known real estate gurus. One of the first things that an aspiring investor should do when looking for a real estate mentor is to do some research. An individual can do some research by reading books and searching online about the person. Another way to search for more information is by reading and watching materials coming from these gurus such as videos and e-books.

• Ask for referrals from other investors. Aside from doing some research, another way that aspiring investors can use when looking for real estate mentors is by asking recommendations from other investors who have been around for quite some time. These people have already been in the industry long enough to know who gives great real estate investing advice from the ones that are just pure publicity and speculation.

• Contact real estate coaches personally via e-mail and ask questions. After doing research and getting referrals, it is best to contact a possible real estate mentor personally or via e-mail and social networking websites. This will enable an aspiring investor to ask questions to his or her prospective coaches. If a so-called mentor or coach just answers a possible student with mere sales pitches, then that is not a good sign.

• Follow different real estate coaches online. A great way of getting to know real estate mentoring professionals and how they work is through the World Wide Web. These days, both investors and coaches are bound to have a blog or a social networking page wherein they share their ideas to the world. Subscribing to blogs and following online profiles of these people help a lot in choosing the best person to go to for advice.

• Go to different real estate seminar sessions each week. Lastly, one of the best ways to determine if a real estate coach is a right fit to a wannabe investor is by seeing them in action. A lot of coaches meet students for the first time without any charge. This will help students know if a so-called expert is worth their time and money.

For those who want to find out more about real estate mentoring, there are websites that give investors tips on finding a mentor. REIWired.com has information and resources coming from successful names in the industry that are willing to share their knowledge people starting out in the industry.