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Real Estate Investment – Mega Mistakes Made by Newbies

The real estate investment fever is more contagious than Swine Flu. Every single day, a myriad of newbies enter the market, hoping to make it BIG. The rush to real estate investment has gained an increased momentum after the stock market began going in one direction: Down! Many of these real estate newbies are actually experienced connoisseurs of the stock market. After losing their franklins in the stock market, they are now trying to earn their money back in this area just because they have ‘heard’ that real estate is very promising. I have met many of these newbies and here are five common mistakes they commonly make;
1.) A Mega Mistake That Deserves the Electric Chair Treatment: Stock Market Mentality
The stock market crash flushed a 13 figure amount ($7,000,000,000,000!) down the drain. After such an expensive lesson, you would naturally be inclined to think that these investors have …

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Why You Need to Have Financial Goals When Investing in Real Estate

Savvy investing in real estate requires setting goals. That is because the destination has to be known before the road to get there becomes clear. First, it will force the investor to know their current financial status. It will also shape decisions about how long to hold onto a property, and will keep the investor from making emotional decisions that leads them to an over-extension of debt. Without those goals, the investors will just wander around making purchases without objective facts to guide them.
Know the Big Picture
One of the best benefits of setting goals for investing in real estate is that it forces the investor to do a complete analysis of their current financial status. There is just no way to know how long it will take you to reach a goal, or how much initially to invest, if the starting point is not known. This involves tracking …

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Real Estate Investors – Using Newspaper Ads to Get Motivated Sellers to Call You

Obviously you’re aware that in terms of the private lending process, I do not recommend newspaper ads for a number of reasons. To get sellers, newspaper ads work. They don’t work great and they have to be done right to get a good response, but what’s nice about newspaper ads is if they’re done right, they don’t cost a lot of money.
They’re completely evergreen, meaning once you set it up, they just crank week after week after week. They will produce a steady stream, not overwhelming, but you will get calls over time.
 
Use Small Newspapers
The important thing about a newspaper ad is you do not want to be placing it in a big newspaper like the Philadelphia Inquirer. In fact, the Philadelphia Inquirer may not be here in the next few months. If you live in a big town, the big newspapers are absolutely out of …

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6 Personal Attributes That Affect Your Real Estate Investing Style

What is your personal real estate investing style?
In order to answer this question, it is important to take a look at the attributes that affect your investing style – and ultimately your investment strategies. Every investor is different, and by realizing that who we are as individuals affects our investment style, we will become better and stronger investors with clearer goals and a more definitive plan.
There are 6 main attributes that will help you gain a better understanding of your real estate investment style. Consider the following attributes and think about how they impact your views on real estate investments:
1. Lifestyle – Do you have time to self-manage, or do you need a property manager?
2. Perspective on life – Do you want to travel, do you have a purpose to fulfill in life, etc.?
3. Personality – Are you good with people, or would you prefer …

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Real Estate Investment in a Recession

When the real estate market is up, buyers flock like buzzards around a carcass, but when prices are affordable, the buzzards have flown the coup. What it means is the buy low and sell high method of investment fell apart when the real estate bubble burst. New comers to the real estate market are walking on pins and needles while seasoned veterans are moving in for the kill. The veterans knew the bottom would fallout and also knew it would not last forever. So, while those who have lost their money are trying to stock pile again to reinvest, the veterans are taking the money the have sat on for this trouble time and are slowly starting to invest in properties that will be lucrative investment property. The turnaround in the real estate market has been small, but dynamic.
The NAR (National Association of Realtors) reported that residential home sales …