subject: Pieces Of Real Estate Investing Advice To Digest [print this page] A piece of < a href="http://www.reiwired.com">real estate investing advice from an expert, when digested well, can help you go far in this business. So whenever you get the chance, be sure to lend an ear to experts and digest what they have to say. They are where they are because of what they know and if they are willing to share it to you, accept it with an open mind. For those who want to get some nuggets from veterans, here are some pieces of advice.
Buy low. When investing in real estate, it is said that you earn when you buy, not when you sell. For that reason, seasoned investors buy as low as possible. They do this by buying properties from motivated sellers. These are homeowners who would rather sell their house fast at a discounted price than wait for a buyer who will offer them a big amount. Usually, these people are facing urgent financial problems. They are up against time. So even if you offer them a low amount, they will accept it; they just want to solve their financial problems.
Make a buyers list. Another real estate investing advice you can take anywhere you go is building a buyers list. When someone buys a property from you, make sure that you get all of his contact details. Get his phone number, email, and even address. You can also ask him what type of properties he wants to buy or plans to buy in the future. Compile this information. Investing in real estate is easier when you have a list of people you can contact when you have a property for sale.
Build relationships. In the world of real estate, you are likely to meet a person more than once. Chances are that person will buy another house from you or will lend you money again in the future. That is why it is important for you to build relationships. This is a real estate investing advice you must always keep in mind.
Give your clients a call once in a while. Ask them about business and their families. If you really get along with the lender or the buyer, you can even invite them for a weekend barbecue at your place. Or you can watch football on TV.
Want more pieces of advice when investing in real estate? Go digest a handful at REIWired.com today.
