Because Real Estate investing
has the reputation of being a
great way to acquire wealth--
there is a lot of interest in
learning how to become an
investor. Real estate is a great
way to start on the road to
wealth but there are many
questions that need to be
answered before you make
your first offer.
Many of the publications and
articles about how to get
started investing from real
estate gurus are vague and
confusing. And trying to learn
to invest in real estate out of a book is
probably possible but is also very difficult.
Many of the publications and articles about how to get started
investing from real estate gurus are vague and confusing. And
trying to learn to invest in real estate out of a book is
probably possible but is also very difficult.
One of the biggest problems new investors encounter is that they
don't even know what questions they need to ask in order to get
started. The famous author Rudyard Kipling in one of his most
quoted poems once wrote:
"I kept six honest serving men, They taught me all I knew, Their
names are Why and What and When, And How and Where and Who."
As with many other things--these questions will also guide you
well in your quest to learn how to become a successful real
estate investor. Let's take a closer look at each in turn.
Why? Why do you want to start investing? The answer to that
question will go along way in determining the degree of your
success. If you have a strong enough why--you will be able to
continue and endure when the inevitable problems arise.
Many--without that strong sense of purpose--will falter and quit
at the first signs of trouble. What? There are
many--what--questions that will need to be answered. What are
your goals? What is your criteria for the properties you want to
purchase? What techniques do you plan to use to locate good
property investments? What system or software will you use to
determine the optimal amounts to offer for properties?
When? When do you plan to purchase your first investment
property? When will you be able to devote your time and efforts
to the numerous tasks involved in the investment process? When
will you make the time to study and acquire the massive amount
of knowledge you will need in order to become truly successful
in the real estate investment business?
How? How will you fund your property purchases? How will you
find all the information needed in order to place informed
offers? How will you market your properties after the purchase?
How will you deal with tenant problem?
Where? Where will you set up your office? Where will your farm
area be? Where will you get answers to the many questions with
which you will be faced? Where will you find the educational
materials you need to study and learn? Where will you find the
help you will need to run your business? Who? Who will do the
fix-up and maintenance on your properties? Who will manage them?
Will you manage them yourself or will do you plan to hire a
management company? Who will answer the legal, financial and tax
questions you will surely have? Should you enlist a mentor? If
so who? Who will you turn to if the market goes south? As you
can see there are many questions that will have to have answers
before you will be able to find real estate investing success.
But the good news is that the answers are readily available to
you if you take the time to seek the wisdom needed for success
and the rewards of that success can be wealth and riches beyond
your grandest dreams.
Dennis Henson
I hope this article has helped you in your quest to build wealth
through real estate investor training. For more articles on real
estate investor training and to sign up for free reports,
articles and e-books please visit my website at
www.dennisjhenson.com where you will also find free forms,
documents, MP3 Downloads and much more. Also visit
www.turbo-bidder.com for great real estate investor tools.
Residential Real Estate Investing, Commercial Real Estate Investing