Become a BREIA student today

Take advantage of our education loaded events to expand your real estate network and learn everything there is to learn about investing successfully in the current real estate market.

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Investing in real estate is an alluring idea. It can lead to financial freedom, and help you achieve your goals. Many people think that real estate investment is easy and something they can just jump right into. While that isn’t too far from the truth, there are some steps to investing in real estate that will help the whole thing go smoother for you.

First, you need to Learn about real estate investments. While this is a very important step, don’t let it freeze you from moving forward. Many people get stuck in the research and learning stage and can’t seem to push themselves into action. Learn the basics, then get moving.

Before you buy your first investment, put what you learned to use by crafting a simple plan. Come up with some goals you would like to achieve, and design your plan around reaching those goals. You need to decide if you are going to rent out your investments or if you are going to fix them up a bit and sell them for profit.

Getting approved for a loan can help you figure out your price range before you get too far along in the process. Make sure you tell them it is for an investment property. Then you can talk to a Realtor and they can help you find the perfect property to fit your needs that is in your price range.

Joining a Real Estate Investors Association can bring you a lot of benefits. You can meet with people that have more experience than you and get some tips. Learning from people who have been there is always a good idea.

Picking a location will help you narrow down your searches. Starting close to where you live is a good idea, as it is an area you are familiar with. Once you find a house you like, get it inspected. Too many people skip this step, and pay for it in the long run. It’s also a good idea to get an estimate on how much any repairs are going to cost you. Once the inspection clears, make an offer.

Once the negotiations have been settled, it’s time to actually get the mortgage you got approved for. As soon as you have closed on the property, it’s time to get to work. Any repairs that are needed to be done come first, then cosmetics like painting. If there are small things you can do to improve the appeal of the house and increase the value that’s a bonus.

Now that the house is in tip top shape, it’s time to either rent it out or sell it. Listing it with agencies will help that go faster. Before you move on to your next project, it’s important to sit down and think about the process. If there’s anything that you think you could have done better with, try to improve that next time.

Now it’s time to continue your Real Estate Investing. As you get more experience the process will go faster, and you’re portfolio will increase. It won’t be long before you’re achieving your goals.

Become a BREIA student today

Take advantage of our education loaded events to expand your real estate network and learn everything there is to learn about investing successfully in the current real estate market.

Get Started