Saturday, August 31, 2019

Real Estate Investing 101 | Real Estate Elevated


You’re looking for better investments that will multiply your money. The financial markets have some power, but you know they can’t be the whole story. They’re too volatile. Someone you know saw her 401(k) value cut in half—or maybe it was your own.

Adding real estate to your portfolio can give it greater stability, earning power, and protection against dips in the financial market. It can give you more direct control over the money you make. 

Also, in real estate investing, you’re building a valuable set of skills. You’re not just picking mutual funds. You’re learning to bring quality housing to the people who need it. And you’re learning real estate techniques most people will never know.

Below, Real Estate Elevated reviews the basic concepts that make real estate investing so appealing.
You Can Ride the Real Estate Trends 
There are different types of real estate investing. For example, you could buy properties to rent out. But the type we focus on is called house flipping. It’s exciting work. You get to fix up houses and see them get to happy buyers who need them. 

We love house flipping because of the strong upward trend in the real estate market, which has continued for decades, even with the subprime crisis. You can put your money (or the bank’s money) into a property and get it all back with a profit within several months or less! 

To be successful, though, you have to follow the trends in your local real estate market and use them to your advantage. Some investors even flip properties without improving them, focusing just on finding hidden profits in certain deals. But fixing up houses can be even more satisfying. 
Use the Power of Financial Leverage
Another exciting reason Real Estate Elevated advocates real estate investing is that you can borrow money to do it. With good funding sources, you can pay very little down to own a property—as little as 5%

Once you acquire a property, you’ll need to plan repairs, work on the property, and find a buyer willing to pay the right amount to make you a profit. Even if this process takes a few months, the right funding sources can carry you through that time. 

However, this business comes with no guarantees. It takes guts, but most of all, it takes knowledge and experience to buy investments safely. 
Build an Ultra-Valuable Skill
People will always need places to live. By building a set of skills in finding houses, improving them, and offering them to people who need them, you improve your value to others for the rest of your life. Contrast that with picking a 401k once!

There are many different parts to this skillset. You can learn how to: 

  • Calculate the potential profit from a house before buying it
  • Research a target market
  • Find funding sources
  • Work with real estate agents
  • Find potential deals
  • Make good offers, which include contingencies for backing out
  • Negotiate through counter-offers
  • Work with an escrow company or attorney
  • Get houses inspected to detect problems
  • Form a team of contractors
  • Oversee renovations
  • Pay the bills during the rehab
  • Stage a property to sell
  • Negotiate with buyers
  • Finish the sale the right way

Most people in the world are never going to learn these and the other skills it takes to be a good house flipper. Once you master house flipping, you’ll be in an elite group.

Are you interested in building these skills? To get some of the greatest real estate investing advice available, sign up for a Real Estate Elevated event today. Learn the secrets of famous and experienced investors Tarek and Christina. 

2 comments:

  1. Real estate is one of the most lucrative investment ideas in Pakistan and for all the right reasons. Unlike other investment and business opportunities in Pakistan, real estate comes with multiple benefits.

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