Wednesday, December 13, 2006

Real Estate Investing for the Beginner

by: Luke Garfield
Real estate investments are often termed low risk investments that can potentially yield good returns. A lot of people think that real estate investing is an easy business where you don't really need to do anything. However, the truth is that real estate investing does need you to put in some effort (if you really want to make profits). The most important thing is to be able to uncover the real estate for sale that will yield the highest profits. So how do you go about looking for real estate for sale? Generally, a lot of people start looking for 'real estate for sale' through the internet. And why not, the internet is after all the hub of all information. So, you could look for real estate for sale using the search engines on the internet. You could also specify your requirements in search criteria on the real estate sites in order to get very specific results on real estate for sale. You can even view images and video of some of the properties thus reducing the need for personal visits for viewing. However, not everyone is tech-savvy and there are a lot of people who still take the approach of putting up an ad in the local newspaper. In fact, there are some newspapers that are dedicated to just that i.e. real estate for sale. You could even go ahead and put up a 'wanted' ad in these newspapers. Sometimes, looking for real estate for sale in old newspapers (like 1-2 months old) can help you get a good deal (in case the property owner has not been able to sell the property and has become a bit more 'motivated' to sell it). MLS, the multiple listing service is one the best ways to look for real estate for sale. These are published by the real estate boards. If you can lay your hands on a MLS book as soon as it is out, you can expect to get really good deals. The key is to act fast. Open houses are another good way of getting the best out of your time. You can see dozens of 'real estate for sale' properties in a very short period of time. And you never know when you might come across a property that is real gold. Investor groups are yet another rich source of real estate for sale information. Of course, how can we forget the real estate brokers? Real estate brokers are one the most popular (and sometimes most effective) information resource for real estate for sale. Not only do they provide information about 'real estate for sale' but also assist in getting the deal finalized and closed. Besides that, you can also get very good deals through public auctions, bank foreclosures, FHA and VA foreclosures and distress sales.


Anonymous Victor said...

I think the major problem that would be investors in the real estate investment usually encounter is initial capital. Ones you have the initial capital required to start off real estate investment, you will really make a great amount of money in real estate.

May 10, 2007 at 4:36 AM  

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