Real Estate Investing: A Summary

Every industry has a code of ethics

Every industry has a code of ethics. Real estate investing too follows ethical codes. They are mentioned below;

Do not lie for a deal to take place.

Follow the ethics in landlording

There are some deadly mistakes that almost all investors in real estate commit. They are summarized below;

Hobby

Many investors think that they are only following a hobby by being in the real estate investment industry. It is serious business. Certainly there is no denying in making huge profits. But this does not in any case mean that the industry is not a business of its own. Successful agents do distribute their business cards to almost everyone. This sure ought not to give a bad picture about their intentions and business model.

End of education

Many investors who entered the industry by chance or without any motive do feel this. They assume that they are on top of the world once the first property purchase is made. Be alarmed. This industry teaches you a different thing every moment.

Investors are uneducated

This is a common notion that lives in many minds. It is a funny myth. The industry is so full of intellectuals. There is no way that a person with lower levels of IQ can survive in this industry.

Hiding the job profile

Investors can be proud to be a part of this multi billion dollar industry. There can be no one who can degrade their job profile. And there is no reason to hide their work type to anyone.

Comparison to stock market

Please wake up. This industry is nowhere related to stock market. People have money and dreams so they buy a home for themselves.

In spite of every hurdle you can reach that goal. Remember these suggestions to be successful in real estate investing;

It is not about properties. It is not about deals or financing either.

Avoid renting to anybody you know very well. Rent only to people who you've never had close acquaintance with.

There are diverse ways in which investing in real estate can be made possible.

People do tell lies. Trust no one except yourself. Keep your senses working and sensitive to the world around you.

There is nothing called enough. The bar only keeps rising.

And there the following ways in which money making becomes easier in this industry.

Real estate appreciation is the easiest way to receive those beautiful dollars. But there is a vicious circle of inflation and appreciation. Only through sheer experience can one be able to fetch great profits for himself.

Buy discounted property by constant tracking. There are even $15,000 houses bought for $1500.

Thoughtful when making a deal is another way to keep your dollars increasing. Deals are very important. Strategic talk and negotiation is highly vital to get the best bargain.

by: jeff adams

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